The u. S. Enters a new week with the highest number of coronavirus doubts in the world. Administration is still trying to ease lockdown restrictions by may. The Top White House virus eight says infection levels are stabilizing. Some of the u. S. Could be open in the next month. The imf and world bank held meetings this week using digital remote software. The global lenders will facing new reality of mounting unemployment. Thecials have already said Global Economy is suffering its worst recession since the 1930s. India is set to extend its current 21 date lockdown to the end of the months to allow more time to evaluate the spread of the infection. The Prime Minister said the government has adequate supplies of medicine and protective gear for frontline workers, adding that the next four weeks will be critical. The virus is ad social emergency. In hong kongals are facing a pay cut. Announced new stimulus. The additional spending accounts for double the projected government budget. The ph
In europe, the markets look like this, the london market has failed to open due to technical difficulties. We will have the latest. And today a biz live favourite, Andrew Walker is here to talk through the big events of the week, including a horrible time for the argentinian markets and the impact of the hong kong protests on the financial hub. Also on the show one study says there arejust six major things that affect your ability to secure a pay rise. They include your age and your willingness to switch roles. Today we want to know, what are your top tips for getting a pay rise . Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. In the last minute or so, the ftse 100 has started trading after some technical difficulties meant it did not open at 8am like the rest of the european markets. More on that in a moment. But we start the programme with this. Investors around the world are heading for safe haven assets amid worries about the global economy. The us
Rishaad japans recovery on track, growing for a fourth straight month, the best performance since 2008. Investmentaba the to in chinas largest hypermarket chain. Rishaad we started with the markets. 6647. S a technical chart it is showing a double top formation. Msci asiapacific index slipping from last monday to friday, halting a rally that had lifted 6 . The asian gauge risk of a p technical pattern, which means the path of least resistance would be to the downside after it hits it. Fatigue, ifse of nothing else, creeping into the markets. The u. S. Session, thanksgiving towards the end of the week, and in asia, a loss of momentum of the that continuation japanese recovery story taking place. This week is all about centralbank minutes, the ecb, rba, and the fed. Four for rate hikes in 2018 supported by the october minutes. David im looking at the wti screen to show you the nuts and bolts. Sophie the kleins for the despite25 and the topix trade data indicating the best performance now
Center right now. Were starting to see more evidence of stimulation coming in. M a speculation. You are beginning to roll some of the Biggest Companies together in china. That is an effort. Yes. Exports as well. Still the best today rally in a month for the shanghai composite. You dont need shippers in the way that you once did. Maybe they need some help. This is the mna story of the morning. A story of the morning. Greases the story im really interested in. We all know what is happening with greece. Today he could see a deal. At last. We need to deal them by august 20 been that big ecb payment comes through. Another payment and another deadline. There is speculation that government will accelerate growth around state owned companies. Give us the rundown. We are seeing the shanghai composite higher. The rest of asia not looking so good. It is an interesting divergent. Quitembers were discouraging. Some market seeing some turnaround now. Japan of about 3 10 of 1 . Beenig story that has
Point 5 , the biggest move in three months, moving above 1300 an ounce, gold trading at the highest level since the u. S. Election. Showing iskorea is showshe crowd psychology as does the elliott wave. That it could move to 1339. 1340 could be that next level according to that chart good not only at the highest level in volatility, but fo spiking again. Up in the Asian Session, and this flight to quality being felt in the treasury market. Tradingeeing treasuries in the Asian Session and very near the low of the year, 2. 1 . Ant 2 really could be with grasp very, very soon. Not to mention Inflation Expectations are low, so will the fed delay rate hikes . That is another factor investors are looking at. Volatility in currency markets very high, shortterm volatility on the korean won spiking again, catching up to those levels we saw earlier in the month when we had President Trump talking about fire and fury against north korea, so currency moves key to watch. We are seeing upside for the