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Transcripts For BLOOMBERG Bloomberg Markets Asia 20240713

with the gold price. .20%. it would not seem dollar weakness will be translated into gold strength. that correlation is somewhat weak. that s where we are at the moment. getting more reaction to this mls cut taking place by the pboc, the right now 2.59 percent. it was 3.15 percent. they cut it in the middle of february to 3.15%. it is really to prop up the virus hit companies. it should translate into the reduction of the loan prime rate, which is out on the 20th. let s move to the first word news as we join karina mitchell. u.s.a: a deal taking off, airlines have agreed a preliminary deal with the treasury department to access billions in aid. carriers.all major american airlines will get $5.8 billion in payroll support. southwest will get $3.2 billion. as part of a 25 billion dollar assistance package for commercial airlines as part of the $2.2 trillion stimulus announced last month. fullys agreement will support airline industry workers, preserve the vital role airlines pl

Transcripts For BLOOMBERG Bloomberg Daybreak Asia 20240715

this year. it can from the u.s. trade deficit has widened. shery: let s get you started with a first check on the markets close in the u.s. an uninspiring session, really lacking clear direction. the dow finished virtually unchanged. we have industrial companies being weighed down by president trump s ne new trade targets, india and turkey. the s&p 500 lose 1/10 of 1%. we had a little bit of a boost earlier in the session as we had data on home sales and services industries. beating estimates but that was not enough. industrials and materials led the decline. the s&p futures right now down 2/10 of 1%. we continue to feel the downward pressure. let s see how we are setting up for the asian markets. soph? sophie: first, the open in sydney. we are seeing the asx 200 open with little change, but could resume gains. the aussie dollar is trading near a three-week low. investors will have the rba governor comment if the economy can deal. growth moderate to 2.2% on year-over-year b

Transcripts For BLOOMBERG Bloomberg Markets Asia 20240715

saw climbed last week. seventh straight day of gains overall. we have reached the highest levels since august, where we are seeing the greenback this morning. no surprise we have seen the chinese roman be, onshore chinese roman be come back remenbi come back. we got a fix, the weakest we saw since july. seems like they are tracking the offshore underperformance we saw last week as well. rupee down one third of 1%. seems like china markets are muted. take a look at this board when it comes to what we are seeing in shanghai as well as in hong kong and shenzhen. up about 1/10 of 1%. asia pretty much flat. we re seeing a pop of 1% this morning after the lunar new year holiday. age shares is still around 10,9 34 mark. watching whether it can break above 11,000, which has been a key level overall. take a look at some things we are watching. commodities very much in focus. iron ore playing catch-up to what we saw in singapore last week given the supply constraints with the disas

India's Economic Rise: From GDP Growth To Surge In Equities And Consumer Spending

China short sellers retreat as contrarians sense an opportunity

Global investors aren t expecting much from China s economy this year, but some say the collapse in its already cheap stocks merits a wager on an eventual rebound and perhaps a new approach to.