Haslinda, what are you seeing . Haslinda Industrial Production coming from march showing a strong recovery momentum. We saw what happened in march. It is pulling back from a historical plunge in the first two months of the year. Still there are some challenges if you take a look at the supply chain. China still faces supply risks from a global lucked out. Factory production global lockdown. Factory production still shut down in many parts. Bloomberg intelligence saying 70 of chinas imports were used for production in 2015. Still strong numbers in terms of Industrial Production coming in at 3. 9 versus the estimate of 1. 5 . If you want to track the trajectory Going Forward, we have to track those economies like korea, japan, taiwan. They supply china with the most technology parts, the u. S. And germany, even brazil. As long as they are not emerging from the lockdown in their respective countries, it wont be in issue for chinas own production. Industrial production for china year on ye
A couple of days on the holiday and we are seeing assets catching down, what weve been seeing most of this week. The csi 300 down. 6 . A lot of focus has been on the renminbi. Fixed slightly stronger, but marginally. Perhaps it has limited the volatility. Weve seen implied vol spike for the offshore renminbi. We are seeing a bit of spread between the onshore and offshore. The onshore at 7. 0 632. We are watching hong kong as we slowly return back to normal. Weve heard from carrie lam that they will open gyms, theaters, massage parlors. 123 in hang seng, up points. U. S. Futures, still heading lower and nifty futures. We will see it seems more troubled when it comes to the indian reopened. And theylot of brawls are slapping a huge tax on liquor sales too. Tom lets get more on the Market Action with Mark Cranfield in singapore. The question of the day on the mliv is how important is trade for these assets . 10 investors look past the tensions between beijing and washington . Maher it wil
Im Francine Lacqua in london. These are your markets. 0. 4 . An markets down a lot of the market put a position that the economy and a lot of the earnings would go through the coronavirus. Not so after the apple news yesterday. There is more concern about the deadly coronavirus trade looking at treasuries, they are rising. Americans reopening after a holiday. Yesterday was president s day. Jumping as much as 24 after unsuccessful bid for the small arrival. This may be the kickoff of banking consolidation in italy and then further into europe. Coming up on bloomberg surveillance, our exclusive conversation with the hsbc Financial Officer on the banks job cuts. First word news. Viviana hsbc is set to slash 80 of its workforce. The lender taking more than 7 billion of charges and suspending buybacks as part of a restructuring plan. Plans to exit some businesses and cut costs. Hsbc still hunting for a permanent chief executive. We also spoke to the lender cfo about the coronavirus outbreak
Balance sheet Balance Sheets is what they should talk about and thats where we can be clear because taxation is the dumb one of trying to get the will back from the from the wealthy. I guess its become a great tradition just before new years eve to talk to someone who is in charge of where the russian economy is go and were here in the Russian Ministry of Economic Development once again the Christmas Trees right here to talk with minister but he might have been good morning at any rate to do that one more time lets begin with the news from the last few days and focus on the nord stream 2 pipeline project in the baltic sea for muds the message from russian officials has been that pretty much nothing can stop a project that is almost all but complete many experts were saying that these sanctions are only aimed at the domestic audience its just a trick before the elections to show that pressure is being put on russia but now the measures are in place and russia finds itself in a position
In europe that can become in some way mediators or those who can send a message across the atlantic for them to a lot of messages were already sent by the way or european friends of the United States in the recent months so there is nothing to it so once again it is december 29th being and economic punishment against russia is back in the headlines so this time around what is the biggest threat for the russian economy is it once again sanctions or uncertainty or volatility in the commodity market what can you say well of course there is a number of negative trends that are coming from the Global Economy would change impacting russian economy as ive said through this year is the weakest here in terms of economy girls in store and that is of course impacting the peace of god also for our exports in real terms in the in the terms of those who are being hit by the lower Commodity Prices some on the different come what is starting from oil metals call and so on so force of course this impac