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ALJAZ NEWS LIVE - 30 July 12, 2024

A u. S. Wildfire burning in Southern California threatens thousands of people and homes east of los angeles its. Lashed out. Also ahead to the end of an Historic Mission for 2 nasa astronauts heralding a new era in commercial space travel. People around the world are facing heavy new coronavirus rules and restrictions governments are trying to stamp out rising infection rates while avoiding the full economic shutdowns they imposed earlier this year a global tally by Johns Hopkins University Shows the number of cases edging towards 18000010600000 have recovered about 690000 people have died hong kong believes is dealing with a socalled 3rd wave and Health Workers from
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BLOOMBERG Bloomberg Markets Asia July 12, 2024

We are looking at currencies, strength coming through for the yuan. Dollar weakness is a big factor. Of the planthe back signed off or agreed to on 0. 1 . Us, the euro is up weaknessollar again, down 0. 2 . Hade is still value to be when it comes to chinas bonds, 2. 96 is the yield the. Is the yield. Gold is closing in on 1900 an its spot price. Future is pointing to 1900 in the near future. Il down 0. 7 demandweakness is a factor. Rishaad lets get some sense in all of this. Joining us is frank benzimra, head of asia equity strategy, societe generale. Thank you for joining us. How was your strategy evolving . The last couple of months europe become bullish on , and here politics is playing an Important Role in closing the gap in terms of undervaluation. In asia we have been reinforcing the view on hong kong liquidity. Our remaining strategy is on china. Is that all down to this Re ....

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BLOOMBERG Bloomberg Daybreak Asia July 12, 2024

The u. K. Considers new curves in london. The rda prepares to meet with melbourne again in lockdown. Pam braces for more economic gloom with First Quarter growth data. We are expecting a steeper downward revision. Lets get a check of where mark were markets are setting up. Here Sophie Kamaruddin in hong kong. Here is Sophie Kamaruddin in hong kong. Sophie a cautious start to the month of august after asian stocks have a fourth monthly gain. We are seeing sp Futures Holding steady and looking like a soft start to this trading week. Gold futures testing 2000, bouillon extending its rise after the best month in four years while u. S. Real yields lingered near record lows. Money managers are shifting gears a touch, decreasing the bullish gold bets to a six week lo ....

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BLOOMBERG Bloomberg Daybreak Asia July 12, 2024

33 . Jobless claims rise for a second week with 17 million filing for benefits. International condemnation of hong kongs decision to bar a dozen prodemocracy candidates from Upcoming Elections as chinas new security law breaking news out of south korea. We are getting june Industrial Production numbers and they are a strong beat for the month on month numbers for june, a growth of 7. 2 . The estimate was for growth of around 2 . It is also coming after the previous number was revised downward, so its a bigger beat than expected. The year on year number still in contraction but only up. 5 percent. The expectation was for a plunge of 5 . The previous number was revised downward. We have seen a little bit more optimism. Manufacturers confidence in south korea rising. We have seen export declines starting to ease. Chinese demand rising, not to mention demand in the chi ....

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BLOOMBERG Bloomberg Markets Asia July 12, 2024

Wave. S fears of a second the u. S. Seeing 16,000 cases a day. Hong kong in the third wave right now. All youll futures elevated. You are seeing a risk off move today. Focus on the chinese story. We are seeing a down day even when it comes to chinese stocks. We will see how this plays out. Lower by 6 10 of 1 for the shanghai composite. Asia had their best Weekly Performance in five years. The csi 300 large caps, ada percent of the index has been overbought. Thats the highest on record. We are seeing profittaking here today. Shenzhen, more of that robustness. The most overbought on record. That is still going higher by 1 today. It seems like the bond market is at mercy with this rally as well. Bonds at 306 right now. Yields falling. Bnp paribas saying that 10 year yield could rise to 3. 4 . We are watching other markets as well. Hong kong is a focus today. We saw a Record Numbe ....

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