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Transcripts For BBCNEWS Newsday 20240702

lets get you the latest on the israel gaza conflict. israel says it has now all but completed its military objectives in the north of gaza and is proceeding aggresively with ground operations in the south. around 170,000 people in khan younis, have the israeli military has again urged people to evacuate from areas they re targeting. around 170,000 people in khan younis, have been warned to leave for their safety. the world health organization says it has been told by israel to move medical supplies out of two warehouses in southern gaza within 2a hours although israel has denied this. these pictures show explosions and fire in gaza on monday evening. a spokesman for the un children s charity, unicef, says there s nowhere safe for people to go. and there are reports from gaza that at least 30 people have been killed at two schools where people were sheltering, including children. earlier reports, from the official palestinian news agency, put the number of dead at 50 i

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Transcripts For BBCNEWS Asia 20240702

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 that the

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Transcripts For BBCNEWS Newsday 20240702

israel says it has now all but completed its military objectives in the north of gaza and is proceeding aggressively with ground operations in the south. the israeli military has again urged people to evacuate from areas they re targeting. around 170,000 people in khan younis have been warned to leave for their safety. the world health organization says it has been told by israel to move medical supplies out of two warehouses in southern gaza within 2a hours although israel has denied this. these pictures show explosions and fire in gaza on monday evening. a spokesman for the un children s charity, unicef, says there s nowhere safe for people to go. and there are reports from gaza that at least 30 people have been killed at two schools where people were sheltering, including children. earlier reports from the official palestinian news agency put the number of dead at 50 it blamed an israeli air strike. 0ur diplomatic correspondent paul adams has the latest from jerusalem.

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Transcripts For BBCNEWS Asia 20240702

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 weakening ver

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Transcripts For BBCNEWS Asia 20240702

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. 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 ap

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