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Transcripts For BBCNEWS Business Today 20240702

of borrowing, as the economy grapples with a major cost of living crisis. china s growth recovery is also concerning amid a persistent property crisis and soft domestic consumption. added to that are geopolitical tensions, with wars in ukraine and the middle east fueling global uncertainty. i spoke with jameel ahmad, chief analyst at gtc group about what to look out for in the second half of the year. it was unprecedented because it was adding everything into your shopping basket. if you look at the s&p 500, new record highs more than 30 times. those are the records that co ceo know rinaldo would be jealous of an israeli cabinet. it wasn tjust us stock market with a fantastic start of the year. there were also hides for coco, bitcoin, and the nvidia supercharged towards becoming the largest company in the world by market capitalisation. but generally speaking we have also had some solid fundamentals. despite the highest interest rate policy and generations, particularly the u

Transcripts For BBCNEWS Business Today 20240702

property crisis and soft domestic consumption. added to that are geopolitical tensions with wars in ukraine and the middle east fuelling global uncertainty. i spoke with jameel ahmad, chief analyst at gtc group, about what to look out for in the second half of the year. i would say it was unprecedented because it was like adding everything into your shopping basket. if you look at the s&p 500, it hit new record highs more than 30 times. those are the type of records that, to use a metaphor, that cristiano ronaldo would be jealous of in his trophy cabinet. it wasn tjust us stock market with a fantastic start of the year. we had all time highs for bitcoin, gold, and we should talk about as well nvidia supercharging towards becoming the largest company in the world by market capitalisation. but generally speaking, we have also had some solid fundamentals. despite the highest interest rate policy in pretty much a generation particularly in the united states, corporate earnings

Transcripts For BBCNEWS Business Today 20240702

elections suggest the far right have made historic gains. voters turned out in strength at the highest level for a0 years for the snap polls called by president macron last month. a decision that shocked many and spooked financial markets, raising questions over the stability of the eurozone s second largest economy. a quick recap of those exit poll results. marine le pen s far right national rally party came top with more than a third of the vote, followed by a surge in support for the left wing coalition with around 28% of the vote. and president macron s centre right alliance of parties relegated to third place. final results won t be known for another week with a second round of voting next sunday. joining me now is sonia renoult, rates strategist at abn amro bank. hello and welcome to the programme. first off, give us your reaction to those results in the markets reaction as well. , , , ., well. yes, the results were not reall a well. yes, the results were not reall

Transcripts For BBCNEWS Business Today 20240702

concerning amid a persistent property crisis and soft domestic consumption. for clues on what the second half of the year could bring, i m joined byjameel ahmad, if you look at this of the 500, and record highs of 35 and those of the types of records that be taking place that cristiano ronaldo would be jealous of mr v catnip it wasn t as us stock markets but those all time highs and bit coin, gold and we should talk about the supercharge as well becoming the largest company in the world market capitalisation were generally speaking, some solid fundamentals despite the policy pretty much generation in the united states and very strong but he pointed out earlier that the biggest question now is the uncertainty around the federal reserve and the central bank and monday will finally begin new interest rates. ~ . ~ will finally begin new interest rates. . ~ , will finally begin new interest rates. ., ~ , ., rates. what you think is going to happen rates. what you think is goin

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