How much commitment is there . We have china announcing a net zero target. We have japan leading in hydro. Can asia lead the way in clean energy . Yeobee yin i am very optimistic about this because of the size of the market. I think with china, making that type of commitment, it helps for countries to make the same type of commitment. I agree with president jin. I think china can reach the goal because of the market. Aen you have the market and government that says you have to reach this, what will happen is innovation. As we innovate, the price will go down. I am very optimistic. There is one thing i think how do you open up to make it competitive to drive Competition Among prices . We are quite regulated. Can we make it more deregulated . To make this a competitive market, that is when you drive innovation. Some of the things policymakers in asia should think about, how in oururther liberalize own way to drive innovation . I am very optimistic. On this very important issue of the fin
Countries in europe have rebounded sharply from the hefty 2nd quarter downturn caused by the pandemic a 1st sight it looks like good news but theres more to the story germany has seen a jump in g. D. P. Growth of 8. 2 percent in the sort of quarter similarly france said its economy grew by over 18 percent between july and september hiver those are both massive drops earlier in the year meaning the economies are not yet back to prepare levels and with europe facing a new round of shutdowns amid a surge in new coronavirus cases businesses are fearful for the future these German Properties are harassing but i have to drop the act on the 2nd look down takes effect on monday that day made my the end of the ban in puppet play group named the hell me just like then there are many artists restaurant and as an event organizers who are feeling the pinch. You know everyone has to fend for themselves now some of us will apply for other jobs and someone even apply for Welfare Benefits to make ends
To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France
Four days of losses is about to become five. Are down 7. 5 over the previous four days. Cross assets, we look like this. A bid into the bond market briefly in treasuries. It did not stick. It was a treasury market selloff. This morning, it is about yen strength. Dollaryen coming down on 0. 3 . Again. Rude is down 0. 9 mark wheret is that you have these massive producing countries like russia and saudi starting to worry. These are very hard prices to deal with when you try to balance your books. It all comes back to demand. Everything is about demand right now. When you have france and germany going into lockdown, that does not bode well. Euroyen is striking me this morning. I feel that for the first time it is acting like a haven. It is her membrane what it is supposed to do. Jonathan a bit of yen strength. Chancellor merkel giving a wakeup call to her fellow eu leaders. They failed to act quickly stop the pandemic. For more, our western europe managing editor joins us. Walk us through
Seen the abend flow. Flow. Ched the ebb and we are right now on this radio and tv simulcast in a major state of flux in terms of market dynamics. Jonathan in detention in europe continues to build. The lockdowns, if we can call them that, in the last 24 hours, versions of them in france and germany. And then the news out of nice, france, investigating a knife attack. I want to avoid speculation and stick with the facts. We are learning very little about what has happened in the last couple of hours. Tom it is an overlay on the pandemic. We just spoke with nicholas finn. , thee continent of europe boat capsizing on the English Channel a day ago. Immigration is different over there. The social tensions are different than america, arent they . Jonathan it is, but the social tensions in france are very unique at the moment around islamic terrorism and the weekly satirical nasa getting weekly hebdocal cartoon charlie has produced. We have seen this far too many times, and unfortunately we a