Hong kong recoils from one of its most violent weekends yet. Vandals attacked across the city. More pressure on president donald trump, he may be faced by a second whistleblower as impeachment drama moves on. Kathleen lets get onto the asian markets. A bit of an update on the u. S. On friday after the jobs report was good enough to make investors by more stocks. How does asia look this morning . Thana after that better expected u. S. Data ahead of the weekend, it looks like the focus for investors is squarely back on trade with the latest headlines saying the china side is looking to narrow the scope of discussion, not providing any positivity ahead of the talks. It is looking like asia trade will get started to a muted and mixed open. China and hong kong markets are closed in australia is on holiday, which is why we might see some trading. Last week, the nikkei fell 1. 5 . Osby futures fell last week. To the trade headlines, markets are digesting the hong kong protests dragging on as
A bounce in the eyes and Services Data out today in order to save the market but today the i sense that his readings on the u. S. Services sector fell last month to its lowest level since august of 2016 coming in at 52. 00 expectations of 55. 00 Service Oriented companies employ the vast majority of americans and registered the weakest growth in september in 3 years business production new orders grew more slowly and employment levels were essentially flat so between the 2 numbers now the param surveys clearly point to a sharp loss in momentum the Services Side is much larger than manufacturing accounting for about 80 percent of the u. S. Economy manufacturing only makes up roughly 20 percent so many analysts came out and they didnt place too much emphasis on the manufacturing numbers earlier this week and they were overly dismissive of the weak reads these said that the market shouldnt panic yet manufacturing doesnt amount to much and Services Matters more. More and thats actually sti
A bounce in the eyes and Services Data out today in order to save the market but today the i sense that his readings on the u. S. Services sector fell last month to its lowest level since august of 2016 coming in at 52. 00 expectations of 55. 00 Service Oriented companies employ the vast majority of americans and registered the weakest growth in september in 3 years business production new orders grew more slowly and employment levels were essentially flat so between the 2 numbers now the pair of surveys clearly point to a sharp loss in momentum the Services Side is much larger than manufacturing accounting for about 80 percent of the u. S. Economy manufacturing only makes up roughly 20 percent so many analysts came out and they didnt place too much emphasis on the manufacturing numbers earlier this week and they were overly dismissive of the weak reads they said that the market shouldnt panic yet manufacturing doesnt amount to much and Services Matters more and thats actually still ex
Like china now with the trade war backdrop International Trade has been weak and u. S. Corporates are starting to see they hit their bottom line so now with the 2 main drivers of corporate profits both getting pummeled are we in for a round of negative q 3 earnings and furthermore is this the start of another economic contraction. And earlier this week we had an opportunity to catch up with steve professor of economics unpatriotic and the author of can we avoid another financial crisis we started our conversation by talking about the economic slowdown in china despite the burst the slowdown the nations economy is still growing the fastest of all the worlds Major Economies we asked if this was sustainable. Growth is if you actually look at a 6 percent rate of growth every year that means your economy doubles and saw as if. That sort of growth is possible when youre starting from the incredibly low blows that china began with but if you want to eat you want to go to out of the. Period an
And you can get all the latest on our website. Lots of analysis and background details. And you can get in touch with me on social media. Now on bbc news live to singapore for Asia Business report. Hong kongs burning resentments ahead of the 70th anniversary of chinas communist party. We look at the economics of the anger. We look at the issues hanging over the markets. Welcome. We start with hong kong because, as we have been watching, the city has been the scene of fresh clashes between demonstrators and police over the weekend. Hong kong has now been gripped by practice against the beijing backed government for overfour against the beijing backed government for over four months. They have been led by young people fighting the extradition bill and universal suffrage. We go behind the growing resentment as economic inequality rises to its highest levels in 45 years. In a city of bright lights and big dreams, prospects for Young Hong Kong people are dim. These are students yet to face