Prices double the last couple of months. We have seen demand picking up. Taking a look at other markets, the focus is on chinese equities. They have been fluctuating between gains and losses. The shanghai cob is lower. They are largely flat after what we saw on friday. State funds trimming their holdings. There was the big news of the haltingetf in china trading until 10 30 a. M. This morning. They are saying the warning of thiss involved here tracks some of the largest stocks in shanghai. Take a look at singapore. This is reopening after the singapore election. Retaining the firm grip on power. When he 89 of seats. That is considered the weakest showing ever. Good. Be for stocks some analysts say a de a diverse up three quarters of 1 . We are taking a look at bonds and currencies. We watched the dollar posting the second weekly loss. It comes toing when the belly of the curve for u. S. Treasuries. Reversing some of the gains after we sell yields touch a record low on friday. Lower by
A couple of days on the holiday and we are seeing assets catching down, what weve been seeing most of this week. The csi 300 down. 6 . A lot of focus has been on the renminbi. Fixed slightly stronger, but marginally. Perhaps it has limited the volatility. Weve seen implied vol spike for the offshore renminbi. We are seeing a bit of spread between the onshore and offshore. The onshore at 7. 0 632. We are watching hong kong as we slowly return back to normal. Weve heard from carrie lam that they will open gyms, theaters, massage parlors. 123 in hang seng, up points. U. S. Futures, still heading lower and nifty futures. We will see it seems more troubled when it comes to the indian reopened. And theylot of brawls are slapping a huge tax on liquor sales too. Tom lets get more on the Market Action with Mark Cranfield in singapore. The question of the day on the mliv is how important is trade for these assets . 10 investors look past the tensions between beijing and washington . Maher it wil
Be 50 bits rather than 25. 00 and just before the g. D. P. Figure was released finance minister some of them are on announce that 10 Public Sector banks would be collapse into 4 after the mergers there would be a total of 12 Public Sector banks there were as many as 27 Public Sector banks and 2017 and the sector has been dramatically undermined in recent years by a rising tide of bad loans on loss and confidence in the wake of scandalous collapse of Punjab National bank the revelations of fraud in 2018. Turning to another flood the economy argentinas move to renegotiate 101000000000. 00 in debt was briefly labeled as a selective default by the movies Rating Agency in a statement moodys cited the macro administrations failure to sell bonds to finance approaching Debt Repayment payment deadlines and said quote following the continued inability to play a short term paper with private sector Market Participants. Government unilaterally extended the maturity of all short term paper on augus
To knock the argentine peso down by about 2 percent against the dollar falling to 59. 00 against dollars. In the trade war continues to rage on as weve reported in the scuffle and spread to the auto sector now theres a new moves in the auto sector to report and pulling up to catch us up on all busy this and all things automotive is the cars coach lauren fix so lauren 1st lets get right into the tesla news this week china a ministry of industry and Information Technology said on friday that the cars all 16 models sold in china will now be exempted from a 10 percent sales tax in the ministry did not give a reason for this favorite treat men although the founder either musk has been noticeably praised in china and seems to be very committed to selling and investing in that market so is this enough to offset all of those other troubles or at least keep them afloat for a while. While i think its going to help china you have to remember that he didnt 1st announce that hes going to raise pric
Keep them afloat for a while. Well i think its going to help china you have to remember that he didnt 1st announce that hes going to raise prices on all the models its somewhere around 12000. 00 on each vehicle and he was increasing those amounts at the price point in order to compensate for that 10 percent tariff now that hes got the tariff break and hes exempt from it he has not lowered the prices so thats going to be more profit which is what they need i know hes producing as many vehicles as he can as possible shipping them into china as quickly as possible however electric vehicle sales are just not there of the demand for them wasnt what it was and the incentive from the Chinese Government is no longer in place so lets hope that he can sell some of those vehicles and they dont just sit there and lauren following up on we talk about some other sort of failures to execute with specific plans but looking at the core Marketing Strategy for the brand they have sold their cars as kind