Dollar is mostly higher against some of these currencies. The kiwi and the aussie which were the early outperformers seem to be also moving some ground. The aussie certainly has had a relentless rally. Take a look at what has been driving the sentiment here today. The likes of oil. After six straight weeks of gains, this rally seems to be taking a bit of a pause. You take a look at brent, still hovering around 42, 41. New york crude around 39. 52. We are watching the likes of the u. S. Tenyear. We have surged to a high on the jobs report for friday. We are backing off from the fed when they take the stage later this week. The yield curve is one of the steepest in three years. Expect it to steepen further from here. Chinas trade surplus surged to a record in may as exports fell left and inspected. Helped by an increase in medical related sales per lets get more on this story from selina wang in beijing. What is the context between the trade surplus . The numbers were much better than th
As we have mentioned, london today will witness the pomp and ceremony of the queens speech. Thats when the British Government sets out its legislative programme for the next session of parliament. Its expected to include big plans to splash taxpayers cash, after the chancellor sajid javid last month declared the end of austerity, or government belt tightening, despite the brexit crisis. In fact, mrjavid promised the biggest increase in uk public spending in more than 15 years, as he outlined a £13. 8 billion pound package or this much in dollars. The trouble is, over recent years, taxpayers money hasnt been enough to cover expenditure, especially after the financial crisis. Total uk Government Debt is almost 2. 3 trillion, equivalent to more than 85 of the countrys total output. But the uk is not alone in taking such steps. Frances budget deficit didnt stop the government there promising 11 billion of tax cuts last month in its 2020 budget to boost investment and consumer confidence,
Border and efficiently how to manage it and important for communities and the United States and mexico and our economies as a whole. I dont think thats enough. Not enough for Mexican Border communities to really have the vibrant communities that we want and quality of life the people in the border region aspire to. We need do more than move wigets back and forth across the border. It requires strategies that leverage unique positions for communities across the border as a way to attract Companies Across the region. There is a unique value there and competitive of the United States and mexico side by side that makes working and producing in the border region particularly attractive and interesting. If we look back in time and see the Border Industrialization Program of the 1960s, it was the beginning of free trade between our two countries, focused on the border region, Mexican Border communities in particular. It was effective in attracting a certain amount of investment to the mexican
A surprise today experts thought that this would most likely happen later this year we are learning that Interest Rates will be lowered from 1. 75 to the level of only 1. 5 percent this is the 1st time this is happening after since 3 years that the south Korean Central Bank is making a decision like that and it said that they have to decide to do so in order to help the economy to recover a little bit of growth expectations have been declining there and also the inflation rate is lower than expected it is believed that you g. D. P. Growth of south korea will be only a fall off a level of 2. 2 percent this will be the slowest growth in the country since more than a decade and south korea is just like germany a very export oriented country while this is happening the Monetary Fund the i. M. F. Has warned that global trade is slowing and it is urging countries to avoid further conflicts and weve got a very interesting statement from the i. M. F. Chief economist lets listen in. This years
Are quite a surprise today experts thought that this would most likely happen later this year we are learning that Interest Rates will be lowered from 1. 75 to a level of only 1. 5 percent this is the 1st time this is happening for since 3 years that the south Korean Central Bank is making a decision like that and it said that they have to decide to do so in order to help the economy to recover a little bit of growth expectations have been declining there and also the inflation rate is lower than expected it is believed that it g. D. P. Growth of south korea will be only a fall off a level of 2. 2 percent this will be the slowest growth in the country since more than a decade and south korea is just like germany every export oriented country while this is happening the Monetary Fund the i. M. F. Has one that global trade is slowing and it is urging countries to avoid further conflicts and weve got a very interesting statement from the i. M. F. Chief economist lets listen in. This years