Rates on hold at one quarter of 1 . The rbnz saying they are going to be they are committed to reviewing their quantitative easing program. The policy committee reached consensus on this decision. They are saying they are prepared to provide additional stimulus as is necessary. All the economists we talked to the benchmark Interest Rate in new zealand staying on one quarter of 1 . Little to no reaction on the new zealand daughter new Zealand Dollar. 64 u. S. Cents. Tom lets get some of the views from our guests at the bloomberg summit. Sharing their views on the prospects of a recovery from the pandemic. I do not think anybody can be confident with the kind of uncertainties that prevail. I would put say is my odds on a v shaped recovery. How we are going to share the burden in a credible way. It is not just financial and fiscal support. It is also regulatory charges we have undertaken to support the economy. As recently as early april, i saw china could only i thought china could only
Some of the other Asset Classes are moving on a bit of news. Sterling falling, erasing the gains we saw for the currency before the general election. Going below 1. 31. The thai baht is one of the strongest currencies in this part of the world, Interest Rate. Bit later coming out Oil Inventory story, that is not the oil price but we have 60 or thereabouts. That is reflective of a growth in u. S. Inventory. Bitcoin, continuing to be there even though it is higher. A report says the cryptocurrency perhaps peaked two years ago and on top of that we have a lot of rivals out there. There is a crypto scam in china which is seeing unwinding of the action. That is where we are from these Asset Classes. What else is going on . Lets join su keenan. Japan and the latest economic data, japanese exports fell for a 12th straight month in november. Aat confirms little sign of pickup despite indications the slump in Global Manufacturing may have bottomed. The value of shipments abroad fell just under
Enters a third day. The u. S. Is moving an Aircraft Carrier strike group closer to the region. We are watching wider diplomatic fallot as one report says iran helped hamas plan its unprecedented crossborder assault. Shery watching the wildcard in the oil markets. At the potential the conflict could spread to the rest of the middle east. Gains for oil prices on that potential up 86 per barrel for wti. Rent is past 88 per barrel after oil posted the biggest weekly drop since march. Iran is a Major Oil Producer and key backer of the hamas group. Though there is no immediate threat is applied. People are watching what will happen with the shipping on the strait of hormuz where tehran has threatened to close it in the past. I did the treasury space Higher Oil Prices could mean higher global government yields freed we saw the 10 year yield and 30 year yield at the highest levels since 2007 last week. We saw a little more stabilization through the week with cash treasuries closed monday for t
Human rights. United states and cuba restored diplomatic ties in 2015. It had been 54 years. Washington has been gradually lifting sanctions on the island and theyve been slowly making economic reforms. Obama has also signed legislation imposing new sanctions against north corey. It aims to punish pyongyang after its recent nuclear test and what is widely believed to be a longrange Ballistic Missile. The sanctions will freeze the assets of any person or company doing business in north Korea Related to the pro plif ration of human rights or cyber crimes. Penalties include banning those from activities from entering the u. S. Congress approved the bill last week. Japans government decided to impose its own stiffer sanctions against north korea, including tighter restrictions of movement of the people between the two nations. South korea suspended all operations at an Industrial Park it ran with the north. In may, north koreas ruling party will hold a congress for the first time in 36 yea
And stress the need to improve human rights. United states and cuba restored diplomatic ties in 2015. It had been 54 years. Washington has been gradually lifting sanctions on the island and theyve been slowly making economic reforms. Obama has also signed legislation imposing new sanctions against north corey. It aims to punish pyongyang after its recent nuclear test and what is widely believed to be a longrange Ballistic Missile. The sanctions will freeze the assets of any person or company doing business in north Korea Related to the pro plif ration of human rights or cyber crimes. Penalties include banning those from activities from entering the u. S. Congress approved the bill last week. Japans government decided to impose its own stiffer sanctions against north korea, including tighter restrictions of movement of the people between the two nations. South korea suspended all operations at an Industrial Park it ran with the north. In may, north koreas ruling party will hold a congre