And shipping shes in the summer heat at top speed to meet demand in more of africa where prices are surging prior to the holiday. This is d. W. Business im joined on in berlin welcome it may be called the u. S. China trade war but it could be the World Economy loses out fears of a steadily dimming outlook as investors dumping stocks and running for safe haven. India the country where gold prices have soared to an all time high it was one of 3 countries to take markets by surprise on wednesday the Indian Central Bank cut its benchmark rate by 35 basis points more than analysts expected. But india wasnt the only surprise for investors Thailand Central Bank unexpectedly lowered rates for the 1st time in 4 years and the reserve bank of new zealand cut the benchmark rate by 50 basis points to one percent the lowest level ever this series of rate cut decisions could be a sign the u. S. China trade war is taking its toll and central bankers are trying their best to avert recessions cutting In
Iran sanctions on iran more and more International Businesses of fleeing the country leaving the economy in freefall. Path and flying high keep your seat belts on it could be turbulence ahead the warning to investors from Cathay Pacific. I mean physical and thats the Business Global trade tensions of sparking central bank is into action rate cuts in a whole host of asian economies this wednesday the moves are also based on poor Economic Data the latest coming from europes economic powerhouse germany where Industrial Production fell back in june german industrial leaders say Companies Must price themselves. India cut its Benchmark Rate by 35 basis points a bit deeper than expected and it wasnt the only country surprising investors on wednesday Thailand Central Bank unexpectedly lowered rates for the 1st time in 4 years and new zealand cut by 50 basis points to its lowest level ever one percent
new zealand is a Major Trading partner of china where purchases have slowed and a trade war wi
Asia Market Update: Inflation concerns return as yields spike; On watch for JPY & CNY interventions; Oil spikes on Iran retaliation warning; US PPI in focus tonight + ECB rate decision; CB decisions continue in Asia on Friday.