Debts are about 700,000. The Trump Administration dabs up its attack on chinese tech. Mike pompeo wants to cut ties well beyond just a campaign against tiktok. Alert on start with an the bloomberg. South korea announcing its surplus widening to 6. 88 billion. This is a recovery from the 2 billion level we saw in the previous month and recovery after logging a deficit in april. When it comes to the trade surplus, widening to 5. 867 billion. We have seen south korean exports slump, slowing in july. We are seeing an economic recovery in china and demand for semiconductors. Lets turn to Sophie Kamaruddin in hong kong for a check of the markets. What should we be watching out for in south korea today . Sophie we have more data coming out. Tourism revenue falling for a fifth consecutive month so the focus will be on the consumer sector. Of o have the likes reporting earnings. Consumer sentiment has rebounded for a third month in south korea and online spending will continue to be key as the
Similar decline for the hang seng shanghai off by 0. 3 then in some early trading that weve seen here in europe, you will see things are higher in most of the markets. Germany is the one counter indicato indicator. The cac is up by a half percentage point stocks are higher in london as well checking out things, the yield on the tenyear, 2. 648 . Yesterday the dollar skidded to a threeyear low after those comments from treasury secretary Steven Mnuchin, embracing potentially a weaker dollar and it would be good for trade dollar down across the board again this morning the euro at 1. 2413 the yen at 109. 01. Oil at threeyear highs. Whoa. 66. 04 for wti, and brent at 70. 78 a barrel. Lets get to the sttop stories. Treasury secretary Steve Mnuchin making more comments about the dollar in davos. Saying the administration is not concerned about the level of the dollar in the shortterm at a press conference yesterday he said the weaker dollar is good for the u. S then wilbur ross came on our
The potential of the XRP Ledger (XRPL) is currently being showcased by a new exploration of the protocol's use cases for cross-border payments by Western…
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.