The week the ruble had struggled in recent weeks as oil prices fluctuated but following the constitutional reform this week the countrys currency strengthened against the dollar its looking ahead now russias alfa bank warned that the u. S. Could play sanctions on russia if the report regarding bounties on u. S. Soldiers is confirmed and lets move over to asian markets where the shanghai composite is up on the week its hitting new 52. 00 week highs the composite gained 2 percent on friday alone after positive data showed increased prospects of economic recovery after the pandemic in hong kong the hong saying also up this week with 3 percent gains on thursday this is after promising news regarding a possible vaccine friday saw gains due to positive Economic Data and even a better than expected jobs report out of the us now some of the biggest winners this week for hong kong were the Hong Kong Exchanges and a clearing ltd and tech giant 10 percent which both hit the 52 week highs. Pans ni
House panel investigates Racial Disparities in the military Justice System to be here for military legal officials and the president of protected offenders during this House Armed Services subcommittee hearing. [inaudible conversations] like to thank you for joining our remote hearing. In ott [inaudible] establishing and maintaining a quorum or dissipating in the proceedings and voting could members participating remotely must continue to use Software Platforms video function while attending the proceedings and other technical problems that render the member unable to fully participate on on camera today for members participating remotely experience as technical difficulties sees contact to the Committee Staff get assistance they will help you get reconnected them recognize video from a we participation will be broadcast in the room in via the Television Internet feed their members participate in remotely are asked to mute their microphones when they are not speaking. Doing so will hel
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Markets following some strong Economic News were seeing a lot of green arrows across the board but lets start in russia where the mo x is up for the week the ruble had struggled in recent weeks as oil prices fluctuated but following the constitutional reform this week the countrys currency strengthened against the dollar its looking ahead now russias alfa bank warned that the u. S. Could play sanctions on russia if the report regarding bounties on u. S. Soldiers is confirmed now lets move over to asian markets where the shanghai composite is up on the week its hitting new 52. 00 week highs the composite gained 2 percent on friday alone after positive data showed increased prospects of economic recovery after the pandemic in hong kong the hang seng also up this week with 3 percent gains on thursday this is after promising news regarding a possible vaccine friday saw gains due to positive Economic Data and even a better than expected jobs report out of the us now some of the biggest winn
Uncertainty with progress with autos and services leading the declines finlands 10year bond yield jumps into positive territory. Risen the most since President Trumps election good morning and welcome to the show shares in richemont are deep in the read double digit revenue declines. The key market in hong kong overshadowed by the u. S. This is in contrast with other results. Talking about the likes of lvmh. Hermes is still slightly positive swatch down about 1 Christian Dior down about a quarter. So not immune, but you can see they are standing out today. I want to bring in our guest to discuss this in a little more detail last week, we were talking about the resilience of these luxury groups particularly lvmh and hermes not the case for richemont why is that . They have an average of 5 in hong kong while richemont has 10 . The departments that perform most are leather goods, jewelry and in part jewelry and watches. We see jewelry that is more resilient. Lets talk about hong kong expo