Got down worldwide today it was yesterday because everything seems further apart than ever but the thing is like we were never close to phase one to begin with nothing has changed the narrative has not changed since i was even earlier this march the end furthermore everyone now theyre looking at the december 15th deadline because thats really the backstop for the entire phase one deal right now thats the backstop and thats the leverage at present temporarily has and right now analysts are saying that if this tariff goes into place that will be terrorism 156000000000. 00 worth of goods and for the 1st time ever this will affect consumer goods and electronics so its funny because both sides keep sounding like phase one is close were almost there beijing same meetings will make make this happen like were going to get it together well get it done but then as they talk about it the closer they seem to get the more they kind of up the terms of what they was trying to keep saying well we want
A bearish cycle for the Worlds Largest cryptocurrency weve got a lot to get to on a very busy day so lets get started. And we begin with fears that in fact there will be no phase one trade agreement between the u. S. And china at least not this year and those fears are translating into lower economic forecasts for not just the u. S. And china but really for Global Economic growth the organization for Economic Cooperation and development said on thursday that the Global Economy is now at risk of settling into a quote low growth rut the o. E. C. D. Has now lowered its forecast for Global Economic growth in 2020 to 2. 9 percent from the 3 percent expected in september meanwhile the c. E. O. Said thursday that members of the g 20 continue to impose restrictions on imports in the 6 months through october with new measures affecting 460400000000. 00 in goods kristie as we do each day lets talk about this because 1st of all as we mentioned on wednesday right there is talk to. This phase one d
Each day lets talk about this because 1st of all as we mentioned on wednesday right theres talk of this phase one deal between the u. S. And china may not get done this year which really isnt a big surprise it would take what about 5 weeks for a deal to be signed and were already up against it based on where we are in terms of the calendar but even though you know that would be assuming everything is ready to go right now but it seems like both sides u. S. And china are further apart than theyre pretending exactly and this is as you said like it would take certainly a long time and the markets really shouldnt be surprised by this so the markets got down worldwide today it was yesterday because everything seems further apart than ever but the thing is like we were never close to phase one to begin with and nothing has changed the narrative has not changed since i say even earlier this march the end furthermore everyone now theyre looking at the december 15th deadline because thats reall
Slasheed to skash costs and jobs. And in hong kong, police and protesters clash again after a week of relative calm. Shery consumer inflationshery . Year cpi numbers. Growth of 0. 2 percent. But this is missing expectations that we would see a rise of 0. 7 . Despite the missive estimates, we are seeing growth from the previous month when the inflation number was flat. Month on month, disappointing 0. 6 . A contraction of estimates were for a slight growth. This is contraction from the previous month of october. We know south korea faces challenges including negative base effects. Last year in 2018, we saw a higher food and crude Oil Prices Back then. The year on year number remains under pressure so we are seeing growth of only 0. 2 for the month of november. Those expecting thirdquarter gdp numbers out of south korea on tuesday, after the bank of korea kept the rate unchanged. Inflation numbers looking not too strong of the moment. Australia has just kicked off trading. Sophie aussie
Price of oil has risen by over one percent in the past hour the market is reacting to the worsening situation in the persian gulf brant crude prices climbed 0. 88 to just over 63. 00 u. S. Dollars concerns that irans seizure of a british tanker last week may lead to supply disruptions British Government will discuss countermeasures on monday solution is not yet in science. Corresponded to delaying the end frank oil is up would you call it that but rise dramatically. So while prices are up today as you said its about 2 percent for the day and they also rose on friday about one percent but there is a lot of concern theres a lot of questions about why the reaction hasnt been more dramatic a lot of analysts are a bit surprised that we havent seen a bigger and create. This place where the seizures have been happening where this conflict with iran is happening the strait of hormuz is extremely important for the Global Oil Market where about 20 percent of Oil Shipments come through and so tha