Things, still seeing the biggest gain or against the msc i asiapacific index as a group. That is currently the position we find ourselves in. David lets bring in our next chest next guest. Changing a lot of the ratings there. India and korea as well. He is here out of Credit Suisse. I wanted to ask about oil. Data out of china as well. Some people were expecting a cut. Where are we in terms of investing in china . The coming nest seems not to be able to find a floor. I think people need to state john take a step back. One thing we stress is the ability for the authorities to provide some offsetting stimulus. That has been true through credit creation and fiscal stimulus. We are to see some monetary easing. Loadsgh i think there are to pull the trigger right now, clearly, pressure is building, particularly on the external account, the current account. I think those oil prices will be offset somewhat by reducing the margin onto endusers on the retail side. I dont think you can escape the
Dropped this year because of the success of the 2 largest producers brazil and vietnam. While indonesian pharma struggle to make money theres a growing demand domestically as more indonesians get a taste for what they produce growing affluence and urbanization are driving the rise of the socalled coffee lifestyle and many more coffee shops are opening up some are part of a chain others like this one in jakarta independence to me i come here 2 or 3 times a week the price of coffee for what i get is well worth it not cheap but not too expensive. Indonesia is one of the top 5 Fastest Growing coffee Retail Markets and has the lowest Coffee Consumption type person in Southeast Asia so theres plenty of room for growth to serve much confidence in the industry that one coffee chain received 28000000. 00 from Venture Capital firms in the past year for its. Action plans even if it was the local market can absorb a large amount of domestically grown coffee only 30 percent of coffee grown here was
Clearly a lot of most papers were smokers originally and you know somebody that smoked for 203040 years will of developed all sorts of problems that are related to smoking now theyd switch to vaporing in the hope of improving their health but that doesnt wipe out the the years of now im reshape what you say. What you say about there being a difference perhaps in the way the u. S. And the u. K. Protest but it is important that the u. S. Centers for Disease Control prevention as say they are investigating a 193 other cases of this mysterious spirit tree on this which could be linked to isa great so in all these cases the patients have used the cigarette. Yes although they were also done all sorts of other things and that from what ive read there has been some use of t. H. C. So you know the the active ingredient of camel bit is you know that thats thats about that particular substance its not about vague and i think its important to to stress that you know if people use street drugs they
Saying america is winning the trade with china but the u. S. Deficit is set to balloon to 1 trillion. Hong kong protesters mark one month since gang attacks on the subway. Wantswants beijing companies to toe the line. Shery lets get a quick check of the market close in the u. S. Stocks are higher but after paring back some of those earlier gains, every sector in the s p 500 was in the green. We had Consumer Discretionary and tech leading the way. Not to mention we had numbers out of retailers like lowes. We also had them from target. That helped with investor confidence. We had home depot showing signs that the second half would be strong. We had seen that rally. This is adding to the sentiment. At the same time, we have the fomc minutes. After that, the twoyear treasury yield rallying. And we have eight the yield curve and we have the yield curve inverting. S p active futures up. 2 . Lets see how we set up in asia. Sophie asian stocks brushing off the midweek fumble. Qantas and calls
Its the bond market where we getting all the interest. Weve seen upon rally tech place, a quick look at whats going on. The bond rally has been pleading out of lake. Still were seeing a move upward and indonesias 10 year yield ahead of that third decision, looking for yields. There you go. The 10 year yield, a bit of a selloff in the bond market. Yesterday there was a zero coupon bond offer in germany. Eurosing like 2 billion worth of that, only one third of the allocated bonds. Thats a look at whats going on at whats going on it bond markets. Lets look at the first word news with su keenan. Budgettart with the u. S. Deficit, its going faster than expected and the Congressional Budget Office at President Trumps trade war is a drag on the u. S. Economy. Up from an estimated 960 billion in the year ending september 30. In january the Budget Office forecasted deficit of 980 billion next year and did not seek topping 1 trillion since 2022. China is threatening retaliation against u. S. Com