Wyrie davies has more. One positive note from cairo is that they have gone into a second day with delegation from hamas, egypt, qatar, and The Americans talking about the stability of a six or seven week ceasefire in gaza. But israel decided not to send a delegation. Israels says the preconditions it insisted upon that hamas should provide a list of the hostages who remain alive, and those who might be exchanged in a prisoner swap, or hostage swap, with the palestinians, that wasnt forthcoming. So israel has decided not to send a delegation to cairo. That has been criticised in many parts of the israeli media, and the israeli public, as an unsustainable position. That isnt to say that had israel gone to cairo, there would be an automatic ceasefire there would be others stumbling blocks. Hamas wants the withdrawal of israeli troops from Populated Areas of gaza and the citizens of gaza to be allowed to return to their home areas in northern gaza. And those are significant issues that isr
It is 8 00 a. M. Across the emirates. Is just goneng, it midday. Welcome to Bloomberg Markets middle east. Sinceg the highest levels july 2015. In rising, japanese markets gaining on the back of what happened in the u. S. Overnight. That is what is right. The big news yesterday is that a 121yearold index with questionable ratings made it over round number. Do we care . Take a look at discharge. I prepared for you. It shows the Dow Jones Industrial in white versus the market cap waiting in blue. Weighted00 index is according to caps. The dow jones is a bit different. On a market cap waiting basis, we are not close to 20,000. How much should investors be reading into this . It is psychologically important perhaps, but does it mean anything for the market . Despite 20,000 record in the dow, we are seeing the dollar continuing to fall for a second session, despite the fact that treasury yields continue to rise. Right now they breached the 2. 5 level. Take a look at the chart. We are seeing
In credit and money supply, Chinas Central Bank has given another indication that would that it will hold off on any major stimulus. Live today from beijing. Scott, what does this say about the state of chinas economy . Not going toere see any big bang in stimulus these days. We are also not going to see any major pullback just yet. The economy grew at 7. 5 in the Second Quarter. The forecasts are that it is going to stay close to that rate for the rest of the year. We have heard these kinds of warnings before, but it is interesting coming directly from the central bank, which obviously should have a handle on the situation. A secondquarter Monetary Policy report. How does this one compare with the previous statements we have from the pboc . Actually, back in november, they issued a report, another quarterly Monetary Policy report and said it is going to be a longterm deal averaging in chinas economy. Not repeatedually that phrase since then and i dont believe it was in the latest repo
The retail sales report reinforces the fact that American consumers, as a whole, are showing no signs of pulling back on their spending, which powers most of the economy.