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Is slightly better than economists were expecting an better than the previous month. Leasing Property Investment looking better. Fixed assets investments, also a drop of 6. 3 . Aonomists were looking at drop of 6 , but the trend seems to be better than the previous month. I guess it continues to show that this could still be an uneven recovery we are seeing in china. Uneven recovery but a broadening of chinas recovery, as well. We heard new home prices, the most in six months. That is a good sign as the economy reopens. We are seeing how home prices in terms of growth has accelerated. Easing on credit, helping a lot. Just to recap, retail sales, 2. 8 . Retail sales, still contracting, retail sales have collapsed. Consumers are pretty cautious when it comes to coming back to spending. Beijing and other chinese cities are giving up consumption vouchers to its people. They encourage them to spend in the fiscal month of the year. ....
Lets dive deeper into the Market Action as we review the close and check in with our reporters. I am taking a look at copper futures, which may have been down on the day, but they are headed for a fifth weekly rise. This is happening amid improving sentiment on Global Growth and as the trade outlook remains in focus. Tone inas found firmer recent weeks as the u. S. And china move closer to a trade deal. It also leads exchanges. Investors are watching copper closely after it paired some gains earlier. This is after reports that xi jinping will not attend januarys World Economic forum in davos, which would have been a perfect chance for he and u. S. President donald trump to meet facetoface. Interesting how todays rally has been somewhat led by the defensive industries. Health care, drugs, consumer staples. Children is poste ....
Wall street is set to join that Global Equity selloff at the open plus, th juan falling to a more than ten year low versus the dollar China Central bank denying it is devaluing its currency shares of apple, theyre down, like everything else, or more, ahead of the opening bell. Which trumps tariff threats could mean for that technology giant. And potentially for the costs of the iphone we start, though, with the Broader Market stocks under pressure around the globe as u. S. China trade tensions escalate. Chinas yuan, which has now breached the 7 level for First Time Since 2008 is certainly a focus this morning in response to that move, the president tweeted this morning, quote, china trdropped the pric of their currency, called currency manipulation, are you listenin ....
Yuan to an alltime low even as beijing sets its mid point fix at a stronger than expected level. And european yields extent their slide as growing trade tensions spur a growing flight to safety with the dutch and the irish tenyear the latest bonds to fall below zero all right. So lets talk about some price action overnight we had chinese and Japanese Equities closing in the red. This after the u. S. Treasury department formally designated china as a currency manipulator for the first time in more than two decades. This after chinese authorities allowed the yuan to weaken beyond the psychologically significant 7 per dollar level on monday. The pboc rejected washingtons designation and insisted it does not use the yuan to cope with trade tensions chinas bank set the mid point stronger than 7, but it hit a low before news of a bond sale helped it to recover china confirmed it will suspend purchases of u. S. Agricultural products i ....
Top job france and germany clash over who should become the next president of the European Commission. And africas football stars grabbing in the spotlight that is the africa cup of nations gets underway in egypt we report on the issues beyond the stadiums democracy activists have denounced egypts hosting of this turn. Im brian thomas thanks so much for joining us chinese president xi jinping has arrived in north korea for his 1st state visit their talks with his host kim jong are likely to center on changs Nuclear Program now that after a summit earlier this year between kim jong un and us President Donald Trump ended without any agreement and with china backing sanctions on the north and that strain ties between those 2 countries. Its been less than 6 months since his handshake kim jong un has visited chi ....