Brutality and coronavirus grips the nation campaigning on the election trail has been forced to take a back seat will the president ial candidates ever hit the road and so their brand of politics to americans before the fall follow the u. S. Election on a. Hello im sam is a than this is counting the cost on aljazeera your weekly look at the world of business and economics this week economies opening up this spike the pandemic as that head towards world war 2 levels could we see austerity or stimulus and when is the right time to pay down debt as economies tank and job losses increase the nasdaq hits a record high the stock market is divorced from reality or are we seeing a tech divide between the profitable and loss making and the pandemic has been particularly devastating for Indigenous People across latin america we look at how theyre fighting back. The fall brutal impact of the coronavirus pandemic was laid bare when britain became the 1st g 20 nation to release Economic Data in the
This is counting the cost on aljazeera your weekly look at the world of business and economics this week economies opening up this spike the pandemic as they head towards world war 2 levels could reseal stare at the all stimulus and when is the right time to pay down debt as economies tank and job losses increase the nasdaq hits a record high the stock market is divorced from reality or are we seeing a tech divide between the profitable and loss making. The pandemic has been particularly devastating for Indigenous People across latin america we look at how theyre fighting back. Over full brutal impact of the coronavirus pandemic was laid bare when britain became the 1st g 20 nation to release Economic Data in the 1st 4 months of the lock down the economy tanked a staggering 20 percent in april britain is heading towards the worst recession in 300 years the consequences for economies and jobs could have been worse without rich nations spending trillions of dollars to limit the damage in
Across the americas. The spread is unacceptable. South korea braces for a second wave. Lenders are backing away. Bank of considering cutting a credit line, writing off its and calling it quits. We are just getting some indications, early indications of the economic rebound in australia. The cva australia pmi manufacturing preliminary number for june bouncing back. Just in contractionary territory but certainly much better than the 44 from the previous reading. The Services Number also much better i we get parts of the Services Economy reopening after the restrictions coming in at 53. 2. The previous reading was 26. 9. That composite number for june, 52 point six. 28. 1 and out of contractionary territory. That is a preliminary reading but things looking a bit more positive. Also looking positive for asian markets, lets get over to Sophie Kamaruddin for a look. Futures are in the green with s p eminis and he restocks resuming gains while the aussie dollar remaining on the on foot at the
Nation campaigning on the election trail has been forced to take a back seat will the president ial candidates ever hit the road and so their brand of politics to americans before the fall follow the u. S. Election on a. Hello im sam is a than this is counting the cost on aljazeera your weekly look at the world of business and economics this week economies opening up this spike the pandemic as debts head towards world war 2 levels could we see austerity or stimulus and when is the right time to pay down debt as economies tank and job losses increase the nasdaq hits a record high the stock market is divorced from reality or are we seeing a tech divide between the profitable and loss making and the pandemic has been particularly devastating for Indigenous People across latin america we look at how theyre fighting back. The fall brutal impact of the coronavirus pandemic was laid bare when britain became the 1st g 20 nation to release Economic Data in the 1st 4 months of the lock down the
We saw a stronger fix, some signs of trying to anchor the moves we have seen. Watching the likes of indonesia coming online. We are looking at another day of gains for jakarta. Hang seng, slightly under pressure as we wait for the npc to vote on that National Security legislation this afternoon. Former,ei is the upper seeing a fourth day of gains for Japanese Equities on the reopening. Currencies, hong kong dollar is the focus. You look at pokechecked seeing 775 but speculators are out there. The korean won seeing weakness. And then going lower after the bok cut rates for the record low. Lashed their growth outlook. You look at the weakness in the renminbi, that is not really translated. It is pretty much unchanged for some time. We are watching the euro as well after we saw some fiscal stimulus plan, it should be a big deal for the currency, the euro hitting the strongest level in two months. Watching oil which did extent losses, saw a surprise jump in the u. S. Crude stockpiles with