3 . 5. 6 , but improvement from the previous ask. Haslinda it does look like china continues to Gain Momentum in terms of recovery. Lets look at where we are in terms of market reaction. Just. 1 . Underperformed after its biggest rally in more than 5. 5 years. Up. 2 . Pretty muted. Belowe been dragging this 6. 8, a strengthening that we saw onshore and offshore. Jp morgan is seeing gains. The 10 year yields. Take a look. Study right now. 313 after that fresh quiddity injection. Yvonne lets break down these numbers with the head of macro resource. Chinasensus about economic recovery and renminbi since april. What is your take on these numbers . I think the number basically confirms that the Economic Activities are normalizing, especially on the consumption front. We see from highfrequency data that retail sales, etc. That were hit during covid19 are slowly coming back. Upside for september data. Also, from the production side, recovery from earlier in the year. There are three things Go
The cash trade less than one hour a day away. Stocks push higher as u. S. Coronavirus hospitalizations dropped, even as global cases top 20 million. Fresh stimulus remains elusive though, as President Trump looks to cut the Capital Gains tax. The earnings season continues, with numbers from heavy hitters, like softbank and prudential. Plus, we will speak with several ceos. Plus, ready and able, the bank of england. One member tells the times the bank will step up their q. Week q. E. Am their anna, what are you seeing . Anna good to see you. It had beenw where anticipated, 3. 9 . Threemonth rate, of course come with expectation that we would end the threemonth period to the end of june at 4. 2 . This is better than what had been anticipated, but remember, there is a challenge in terms of being able to reflect the unemployment reality on the ground. This number has been protected from rising to a large degree, for better or worse, and that means we still may be seeing a surge in unemploy
U. S. Took preemptive action in terms of export controls for the city. Yvonne the one thing the chief executive has said is u. S. Sanctions will not scare us. That is the latest response from carrie lam. Given what weve heard from the u. S. Recently when sanctioned chinese officials over the security law, and also now as you mentioned, paring back trading benefits that hong kong has enjoyed with the u. S. As well. The market seems to be overshadowed by better data. Pretty early when it comes to pmi data in china that came out at the top of the hour. It seems like at this point its really about the fundamentals more than the politics that is driving this rebound we are seeing in risk assets today. Look at the asiapacific benchmark, up 1 . Set for the best quarter since 2009. Still, asian stocks have not really recouped most of the losses we saw in the First Quarter, but certainly u. S. Futures pointing positive as well. The hang seng still up 194 points despite what we have been hearing
Reason the paralyzing. The air and. The media. Is the charge just. To discuss that im now joined by a. Friend director of Research Development. School of journalism media and culture of care and so good to talk to you thank you very much for being with us. Thank you very much for having me now karen blaming journalists or the media for creating a beehive is as old as our profession the south but. Is that really an applicable charge in these days. When it wasnt i think when the big National Governments and International Organizations like the double your children were behind the most apocalyptic predictions about both the scale and there without a t. O. Call that 19 predictions that thankfully failed to realize but created a lot of fear or perhaps a lot of justifies here and on the left. Well i think that obviously the pandemic is an extremely scary situation for everyone around the world and its also extremely important for you insist to have access to information about whats happening
Reason the paralyzing. The air and. The media. Is the charge just. That im now joined by a. Harvard school of journalism and culture counted so good to talk to you thank you very much for being with us. Thank you very much for having me now karen blaming journalists or the media for creating a beehive is as old as our profession itself but. Is that really an applicable charge in these days. When it wasnt i think when the big National Governments and International Organizations like the double your children were behind the most apocalyptic predictions about both the scale and belief thousands hell call that 19th prediction that thankfully failed to realize but created a lot of fear or perhaps a lot of justifies here and on the left. Well i think that obviously the pandemic is an extremely scary situation for everyone around the world and its also extremely important for you insist to have access to information about whats happening on the ground and now i think that its obviously import