Them safe as coronavirus numbers drugs. The one welcome to the Program Reach a figures in china fell for the 7th month in a row as the pandemic continues to affect Consumer Spending in the country where the crisis began purchases of goods and services fell more than one percent year on year in july thats worse than expected however the countrys industrial output jumped on you to 5 percent compared with last year the government has stimulus money into this sector to get it moving again. For more lets bring in Katherine Young of Fidelity International hong kong and our financial correspondent. In frankfurt bunkum to both of you catherine let me start with you Chinese Consumers still cautious whats behind that. Interestingly when we do look at the demand side of the chinese consumption story there are pockets which are in fact doing quite well so for example the also 6 especially the Premium Brands like b. M. W. Lexus seeing increased incidentals but as you rightly pointed out its not acr
In hong kong the territories leader is set to announce the withdrawal of the controversial bill that has sparked months of violent protests in the territory and will the move the enough to appease prodemocracy demonstrators. Oh im terry martin good to have you with us britains Prime Minister Boris Johnson is bracing for another showdown in Parliament Today after suffering a defeat over his brags strategy of last night lawmakers voted to seize control of Parliament Business so they can today vote on legislation to prevent u. K. From crashing out of the e. U. Without a deal at the end of october johnson has responded by saying he would call a snap election. Ford did. It with Boris Johnsons 1st parliamentary vote as british Prime Minister and he lost it could stop morris was to the right 328. 00 the news to the left 301. 00 to the oh yes have it the guys have it im not going to johnson was healed by a huge rebellion among his own conservative m. P. s 21 of them joined the opposition to se
People across south africa said rethink that day dr wright has attacked phone businesses and Migrant Workers. Last devastation in the bahamas cleared off the disaster caused by Hurricane Dorian begins to and tens of thousands of homes have been destroyed huge numbers of people are without. Owner of a warm welcome to you im with that shima holcombs leader has bugs the demands of prodemocracy protesters and be drawn a controversial extradition bill the law has sparked months of telmo in the territory under the north suspects would have been tried in courts run by the con the spotty in Mainland China media carry long announced a decision in a televised address. That quitting when the government of the special Administrative Region will officially withdraw the bill and eradicate the ruiz of the people the security chief will propose and motion to withdraw on the bill after the legislative meeting is back. To what i saw on what happened in the last 2 months has shocked and saddened the hong
Scripts across south africa several people are dead after rioters attacked foreign owned businesses and Migrant Workers. Plus a clash of cultures and japan prepares to host the Rugby World Cup players from abroad are being told to cover up their tattoos and explain why many japanese have a problem with the skin. On unwelcome. Hong kong leaders bowed to demands of prodemocracy protesters and were drawn a controversial extradition bill the proposed law had spock months of till mornin the territory under it suspects would have been tried in courts run by the communist party in Mainland China media carry law announced the decision in a televised address. I think for what its a moment of the special Administrative Region will officially withdraw the bill and eradicate the ruiz of the people the security chief will propose in motion to withdraw the bill after the legislative meeting is back. To what i saw on what happened in the last 2 months has shocked and saddened the hong kong people and
Those deflationary pressures, gdp target front and center, will it be 5 . Could it be below five, some say unlikely, but we wait and see in terms of where the target would be. It is also about the fed. We have fed chairman Jerome Powell set for testimony expected to reiterate the fed is in no hurry to cut rates, it is likely to lean towards a hawkish tone. We heard from many officials saying that the fed can afford to wait given the data, given strong inflation remain sticky, and the economy remains resilient. The fed, as well as china, expected to did cake dictate sentiment in the market. Also keeping an eye on thailand, india, as it is said to join the trading day in 44 minutes. Lets look at the set, currently up 0. 3 . This is a market that has been lackluster, one of the worst performers in asia yeartodate. Down 3 on the year. The thai baht has been under a lot of pressure, but today gaining 0. 1 . 35. 805 versus usd, and indian future is pointing to a higher open, up 0. 3 . Adani