8 up. A bit of a conundrum, it weaker than anticipated growth number when weve got Industrial Production and retail sales beating what was going on. Graphically, there you go. Retail sales, 3. 3 to the upside and that is what has been going on in aggregate. A mixed bag, a miss on the headline gdp but certainly a beat for Industrial Production and retail sales. Yeah, the topline picture is that China Remains the only major economy that is recovering at a pace like this but nonetheless, yeartodate, growth around 0. 7 . Year, beginning of the officials had hoped to get around 6 growth for 2020. Nonetheless, the fact retail sales came in well above the estimates will for economists who say we should see a broader economic recovery in china fueled by infrastructure. Straight cap to the pandemic, there would be focus on whether or not the consumer would step up and the numbers suggest that is happening. Ubss headore from of asia economics and achieve china economist. Always great to get your
Fed vice chair. Richard clarida is out of the running. Betty we are watching for the fed news. We continue to watch the gains in the equity markets. I want to pull up a chart that basically everyone can go home, right . What i mean by that is that already with the record rise we have seen in the s p, a lot of these yearend targets are already being blown out of hsbc, Morgan Stanley, bank of america. Already being reached. Everyone can go home, they have made their money, right . [laughter] yvonne i guess so. It was interesting in that it has been four days but it really feels like 40 days in how much we have gained in the last couple of days in 2018. Big question is will we see a revision higher from analyst or are things good as it is or are there for the risks ahead . Betty that might have been what hung over the markets today. Lets pull of the boards on where we end up for u. S. Trades. A mixed trade. The markets trying to eek out. The s p by 2 10 of 1 . The dow essentially falling
Heres david. We cannot make out that the point which direction stocks will be at least trending. For today the lead will be, australia is weak, blowout jobs numbers in the u. S. That sent stocks basically tanking. It sent yields flying. I will get you more on what the yields are doing at this point in time but certainly the odds of a rate hike from the fed, in fact Going Forward perhaps to june. Look at what options are saying data projecting 25 26 of that happening at this point in time. Obviously, that could all change given future job reports. This is what asia is doing now. Fairly mixed jafment pan half of 1 higher. You had the current account surplus there for january a little narrower than expected. 187 billion yen certain lips the japanese yen went above 1. 19. A little bee three but certainly strong dollar helping things along in japan. Half of 1 . What else do we have . Australia down half of 1 pr for the market there. Tony abbott managing to defeat the leadership. More on tha
Well. China has long been a world power but the country remains a minor player in the world of football a situation chinas president wants to change he wants the country to become a football super power. Council along. Heard over the next ten years our country wants to increase turn over a new Sports Industry to some one trillion euros we need. That you just. China schools are heavy on the drills and academic discipline but there are a few football clubs for children now the party wants them to become football champions will they succeed i think youre going to learn more and more German Bundesliga clubs are going to china where german coaches and pro player is willing to go to a country that when it comes to football still plays in the minor leagues. Thank. You. Thank you. Thank. Football mascot erivan his in china for the past few months hes been going from school to school as an envoy of german club shelter. The i. Was going evin arrives the Strict School rules are forgotten. I. Have
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