Debts are about 700,000. The Trump Administration dabs up its attack on chinese tech. Mike pompeo wants to cut ties well beyond just a campaign against tiktok. Alert on start with an the bloomberg. South korea announcing its surplus widening to 6. 88 billion. This is a recovery from the 2 billion level we saw in the previous month and recovery after logging a deficit in april. When it comes to the trade surplus, widening to 5. 867 billion. We have seen south korean exports slump, slowing in july. We are seeing an economic recovery in china and demand for semiconductors. Lets turn to Sophie Kamaruddin in hong kong for a check of the markets. What should we be watching out for in south korea today . Sophie we have more data coming out. Tourism revenue falling for a fifth consecutive month so the focus will be on the consumer sector. Of o have the likes reporting earnings. Consumer sentiment has rebounded for a third month in south korea and online spending will continue to be key as the
Post brexit trade arrangements. If youd like to get in touch this morning, you can tweet me vicderbyshire or email victoria bbc. Co. Uk. A team from the World Health Organization visits the high security chinese lab at the centre of claims over the source of the covid 19 pandemic. And the queen and british Prime Minister have led tributes to captain sir tom moore, whos died at 100 years old, after Testing Positive for Coronavirus Last week. The uk government says it will ensure hes officially remembered. I think we should find a way to make sure that we mark the memory of captain tom and thank him for the contribution that he made for the nhs. So i will ensure that we mark his contribution properly and appropriately at the right moment. Hello and welcome if youre watching in the uk or around the world. The Health Secretary, matt hancock, has described as absolutely superb the findings of a study which suggests for the first time that the Oxford Astrazeneca vaccine significantly reduces
Smartphone sales. Details about the beijing security law. Shery this is quite a reversal from the deficit we saw in the previous month. We had seen south koreas current account falling to deficit for the first time in about one year but the numbers have recovered and we are seeing a rebound with our current account surplus topping 2 million. When it comes to goods, the trade surplus coming in at 2. 5 billion for the month of may. This is quite a recovery given that we had really fallen to the lowest level since 2008. Good trade surplus numbers. A much better than expected number out of south korea when it comes to the current account surplus and also the goods trade surplus for the month of may. Lets see how markets are trading at the moment. We are seeing now nikkei futures unchanged. Same for u. S. Futures. This after we had stocks here in new york jumping following the holiday weekend. We had seen five sessions of gains for the u. S. Now unchanged at the moment. The japanese yen Hol
A multibillion dollar onslaught from the likes of apple and disney will find out if netflix can hold on to its number one spot. Weeks of violent street process were brought to a halt in ecuador in mid october after the president walked back on a stair again that has led to marino withdrew the International Monetary fund backed agreement to increase fuel costs that decision had paralyzed the economy as it hit the poorest and minority indigenous population the most kito had the i. M. F. For a 4200000000. 00 loan as it struggled to cut its budget deficits and debt the government decided to cut fuel subsidies which cost the government 1300000000. 00 a year at the same time as receiving the loan big business is one of concession wiping out past taxes according to the former economy minister Wilma Salgado which raises the question why would you take a loan to help corporations but cut subsidies to the poorest. Im delighted to say that we have the Vice President of ecuador here to help us und
The latest. Dani definitely a mixed session. The stoxx 600 down. It is a macro heavy trading day between the u. K. Election, Central Bank Decisions and that the tariff deadline, we have traders on the sideline. Expandedy has really for sterling. Cable down about 0. 1 , but still trading at that 1. 31 handle. This is a conservative government priced in. Upside is really limited. We have seen sterling fall after the poll showed the conservatively it cut by about half and the concern is the Hung Parliament that would throw into concern the outcome of brexit. Some strategists have said that sterling may fall as low as 1. 22 if we do get a Hung Parliament. Brent down about 0. 5 tonight. We are seeing brent trade just under 64 a barrel. The aramco ipo hitting the 10 limit with shares surging so far today. Looking at some of the individual movers we have seen in the market. Jd sports is one of the biggest lacquers in the stoxx 600 laggers in the stoxx 600. Its biggest shareholder sold 2. 4 of