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and also crypto prices higher. specifically, i think two factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. now, let s talk about liquidity i think in the past few weeks we have seen actually easing from china, and also from the us, the fed has been injecting liquidity through running down its overnight repo facility. also, from a seasonality perspective, november, december tends to be actually quite favourable in terms of financial conditions. indeed, the rally in bonds or the fall of interest rates have helped also financial conditions to ease in the past few weeks. hence, we have seen a surge in liquidity in the system and that propels both gold and crypto currencies higher. the next reason is the us dollar. now, of course, both gold and crypto currencies are denominated in us dollars and when the us dollars become weaker, that is actually a tailwind for both asset classes. obviously, as we mentioned, given tha ....
in the country s faltering property sector. that means that china s credit rating is at risk of a downgrade. the government in beijing is rumoured to be considering providing more financial support for property developers including evergrande and country garden which are both billions of dollars in debt. earlier i spoke to janet mui, head of market analysis at rbc brewin dolphin. i asked her whether this suggests things are getting worse for the world s second largest economy? this is a reminder of what investors already know which is a slowing economy and a downturn in the property sector, and the government is going back to the old way, they want to reduce debt in this estimate but it is proving to be very difficult, so the stimulus measures are what is worrying moody s. they think it will raise the debt level in the economy. so, it isjust a reminder. it does not change too much what investors already think about china. a lot of people said beijing should have don ....
13 hikers have been found dead near the crater of indonesia s mount marapi volcano after it erupted over the weekend. the initial death toll was 11 but a short time ago, a rescue official reported two additional bodies were found, and the number was revised up. at least ten others are missing and the search was suspended on monday after another, smaller eruption. there were 75 hikers in the area during the main eruption on sunday but most were safely evacuated. let s go live now to bangkok and our south east asia correspondentjonathan head. bring us up to date with the latest and this figure of 13 who have been found dead? 13 and this figure of 13 who have been found dead? and this figure of 13 who have been found dead? . . , , found dead? 13 dead and ten missing, there is a great found dead? 13 dead and ten missing, there is a great deal found dead? 13 dead and ten missing, there is a great deal of found dead? 13 dead and ten missing, there is a great deal of co ....
lukasz krupski is in the uk this week to receive an award for deciding to blow the whistle at the company and leak internal memos allegedly regarding safety issues, from tesla s norway headquarters. the firm has declined to comment. here s our tech editor zoe kleinman. over the years software updates in autopilot gets even better. this is how tesla wanted autopilot software to be seen, assisting a human driver who was ultimately still in control. but when this former employee voice concerns he felt about safety in his own workplace and later on with the technology herself, his dream job change into a nightmare. i became really depressed and anxious. i could not sleep. he was personally praised by elon musk after putting out a fire. he claimed his manager turned against him when he raised his concerns directly with the billionaire. he then told us he could easily access a huge trove of sensitive internal company data ranging from personal staff details to safety informat ....
factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. let s talk about liquidity, i think in the past few weeks we have seen actually easing from china and also from the us. the fed has been injecting liquidity through overnight repo facility. also from a seasonality perspective. november, december tends to be quite favourable in terms of financial conditions. the rally in bonds and the fall of interest rates has helped also financial conditions to ease in the past few weeks. hence we have seen a surge in the liquidity and the system and that propels both gold and crypto currency higher. the next reason is the us dollar. both gold and crypto currencies are denominated in us dollars and when the us dollar becomes weaker, that is actually a tailwind for both asset classes. as we mentioned, given the market is now pricing in increasingly probabilities of cut starting as early as april next year, us dollar has been weakeni ....