Seen from the nasdaq since november 21. We have been seeing good news about the stock market because the snp 500, a different index, has actually had a huge string of records, over 12 this year. There are a couple of things contributing to the Strong Performance generally, and a couple specifically, and when we zoom in on the nasdaq, the biggest thing was the Inflation Report came out yesterday, a highly watched number that the Federal Reserve specifically looked at and measures what people actually paying for goods and services. It showed inflation is tempering just a bit. The year over year measure was the smallest increase we have seen in years, and it lends steam to the narrative that inflation might be cooling, and that might do some favours to the market the Way Investors look at it. More broadly, there is enthusiasm over ai lifting tech stocks, many of which live in the nasdaq. Agaii tech stocks, many of which live in the nasdaq tech stocks, many of which live in the nasdar. ,.
Alarm bells are ringing about the outlook for china, but officials remain confident this is a short term blip. Only last month, the chinese premier, li qiang, said his country was still on track to reach its annual Growth Target of around 5 , a modest target after china grewjust 3 last year, one of the weakest showings in nearly half a century. Lets talk through whats at stake with jane foley, head of fx strategy at rabobank. Iam hoping i am hoping she is there. Good morning to you. I am hoping she is there. Good morning to you. Good morning. A fourth month morning to you. Good morning. A fourth month in morning to you. Good morning. A fourth month in a morning to you. Good morning. A fourth month in a row morning to you. Good morning. A fourth month in a row of fourth month in a row of contraction although it is slightly improved from last month, hasnt it . It slightly improved from last month, hasnt it . Month, hasnt it . It has slightly month, hasnt it . It has slightly been month,
as the one which broke off an alaska airlines plane on friday. the air carrier says the disruption is likely to continue into the coming week. this comes just 4 years after all 737 maxes were grounded following two fatal crashes in indonesia and ethiopia. since the plane has came back into service, there have been a number of high profile problems with the programme, including electrical faults and quality control issues. so how much of a wake up call is this for boeing? let s speak to jane foley, head of fx strategy at rabobank. good morning to you. more problems for boeing, more problems for boeing, more problems with regards with the max fleet. talk us through the implications. implications. first of all, the airlines involved implications. first of all, the airlines involved in implications. first of all, the airlines involved in the - implications. first of all, the airlines involved in the awfuli airlines involved in the awful deadly crashes a few years ago were ma
let s start here in the uk, where, in a few hours time, the chancellorjeremy hunt will unveil his first budget, where he will outline the government s big decisions on spending, and plans for raising or lowering taxes. among the measures he s expected to unveil is a significant expansion of free childcare provision. it s part of a strategy to get more people back to work, given the shortage of staff in some key sectors. the chancellor is also expected to announce a rise in the tax free limit for pension contributions, to encourage people to stay in work for longer. the latest economic figures underline the challenge facing the government, as well as the pressure on household and business budgets. here s our economics editor faisal islam. it is back to work budget, that s a promise, and it was centre on one of the biggest ever expansions of childcare for england with equivalent funding for other nations. parents of one and two year olds will get the same 30 hours of support a
let s start in china, where the latest figures just released show the world s second largest economy grew faster than expected in the first three months of the year at 4.5%. this is the first set of quarterly gdp figures following the end of strict covid 19 restrictions in december. they also follow the easing of a three year crackdown on tech firms and property. lets get reaction from julian evans pritchard, head of china economics at capital economics. this is better than expected. most people are saying we re looking at 4% growth, give us your take on this number? really the strength is all about the consumer centre, we saw the vigors beads on the retail sales numbers are more generally in qrs or the household savings rates, so households are feeling more comfortable, households are feeling more comfortable, spinning again, they have comfortable, spinning again, they have the comfortable, spinning again, they have the possibility - comfortable, spinning again, they ha