And early noughties. Now this comes hot the heels of Dissapointing China Trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling, down more than 14 in the year tojuly. But domestic demand is down too with imports also falling by more than 12 in the same period. Joining me now is janet mui, head of market analysis, Rbc Brewin Dolphin where is this deflation coming from . Good morning, thanks for having me. So, this Deflation Data is mostly coming from food. And also commodities prices like raw materials, energy etc. Actually, if you look at the underlying deflation, things Like Services and tourism and leisure, hotels. Actually, they are up, the Core Inflation is up from 0. 4 to 0. 8 . But obviously, its still pretty muted. Overall, it is a concern that china prices are contracting and it could be lasting for a while as well. , ~ , could be lasting for a while as well. , ~ ,. ,. , well. How likely is it that ch
Us treasury secretary janet yellen called the downgrade arbitrary and said Economic Conditions had improved under the biden administration. The news of the downgrade came after the close of trade on wall street but in asia investors have been pulling out of equities in reaction. Lets look at markets now in asia. Japan is currently down by over 2 . Hong kong not that far behind. This was off the back of yesterday, and most of this week we have seen the sharemarket, certainly wall street and asia having a strong session but this is certainly spooked sentiment. Lets discuss this with tom stevenson, whos an Investment Director at fidelity. Good morning. Janet woody allen saying this is arbitrary. I have her statement janet yellen and she said she strongly disagrees and says it is based on outdated data. That is based on outdated data. That is riuht. Is based on outdated data. That is right it is based on outdated data. That is right. It seems is based on outdated data. That is right. It s
Our washington correspondent, sean dilley, reports. We love trump hes the first president to be charged with a federal crime and if previous cases are anything to go by, Donald Trumps 30 indictment is only likely to boost popularity with republican voters. The charges he faces though are serious. The 45 Page Indictment accuses the former president of knowingly spreading false claims about election fraud, to trick and persuade states in helping him overturn the Election Results. Helping him overturn the Election Results. The attack on our nations Election Results. The attack on our nations i Election Results. The attack on our nations i january Election Results. The attack on our nations ijanuary six, our nations ijanuary six, 2021, was an unprecedented assault on the seat of american democracy. It is described in indictment, it was fuelled by lies. Lies by the defendant, targeted at obstructing a Bedrock Function of the us government, the nations process of collecting, counting and cer
But if previous cases are anything to go by, Donald Trumps third indictment is only likely to boost his popularity with Republican Voters. The charges he faces, though, are serious. The 45 Page Indictment accuses the former president of knowingly spreading false claims about Election Fraud to trick and persuade states into helping him overturn the election results. The police are now running back into the capitol building. Hes not been charged with inciting the violent scenes of january 6th, but prosecutors have drawn a link. The attack on our Nations Capital onjanuary 6th, 2021, was an unprecedented assault on the seat of american democracy. Its described in the indictment. It was fuelled by lies. Lies by the defendant, targeted at obstructing a Bedrock Function of the us government, the nations process of collecting, counting and certifying the results of the president ial election. Donald trump responded by posting a Campaign Statement on his social media network, truth social, like