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BBCNEWS Asia July 5, 2024



helped drive forward returns, as you say. this target was what we were expecting to hit at the end of the year, but we have seen a little bit of better than expected economic data also helping optimism that earnings growth might pick up a bit in the next few months. so is this all about expectation for rate cuts? is the optimism because of strong earnings? i the optimism because of strong earninus? ~ ., , earnings? i think it really does reflect earnings? i think it really does reflect rate - earnings? i think it really does reflect rate cut - does reflect rate cut expectations and the growing belief that the us can have a soft landing, because when you look at earnings growth, actual earnings growth has been slow and negative for some companies. growth is slowing, it does cast doubt on the possibility of a re acceleration in the interim here. so it leaves that rally a little vulnerable to any failure to reach those expectations. japan s nikkei has crossed the 37,000 ....

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BBCNEWS Asia July 5, 2024



continued to expect continuing to read cuts from the fed, which is held jack forward returns. as you say, this target is what we were expected to hit at the end of the year but we have seen a bit better than expected economic data that is hope and optimism that things might pick up in the next few months. is that things might pick up in the next few months. is this all about the next few months. is this all about expectation - the next few months. is this all about expectation for - the next few months. is this | all about expectation for rate cuts was to mark as their optimism because of strong earnings? it optimism because of strong earnings? optimism because of strong earninus? . , ., . earnings? it reflects rate cut exnectations earnings? it reflects rate cut expectations undergoing - earnings? it reflects rate cut l expectations undergoing belief that the us can have a soft landing, when you look at earnings growth, actually earnings growth, actually earnings ....

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BBCNEWS Talking July 6, 2024



india one of the most economically powerful countries. we meet people interviewing. and this young man is spreading his reach around the world. talking of hotels with then $14 billion already with the big bus that runs booking dot com and price linejust to name runs booking dot com and price line just to name a few. he joins me later on in the show. wherever you arejoining me from around the world welcome to the show. just a few weeks ago what many anticipated, india overtook china to boast the biggest population on earth but can the country turn the demographic advantage into an economic one and what the secrets of selling to india s mass population of consumers. perhaps one sign of india s arrival was one of the opening stores of apple just a few weeks ago. but if you can compare the number of apple stores in china with that avenger the question becomes why is apple going on so late quiz mac apple currently has two stores in india but operates 45 stores in mainland ch ....

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BBCNEWS World July 6, 2024



i ll try to give you a fascinating snapshot of all the world of business and money. let s start here in the uk, where the economy in the first three months of this year recorded growth ofjust 0.1%. output in consumer facing services fell by 0.8% in march underscoring the impact of ongoing strikes and the cost of living crisis. hardly booming but a far cry from the record breaking recession that the bank of england was predicting six months ago. on thursday, the bank announced a major rethink of its forecasts saying the uk will now avoid going into recession. of course, talking about interest rates. the bank also raised its main interest rate again by a quarter of a percent to 4.5%. that s the 12th rate rise in a row and it puts the cost of borrowing here in the uk at a 15 year high. here s dr steve nolan, senior lecturer in economics at liverpool john moores university. good to see you. hardly the doom and gloom of the recession that was predicted, but let s ....

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BBCNEWS Asia July 6, 2024



economy grew faster than expected in the first quarter thanks to robust consumer spending after lockdowns were lifted. but factory output has lagged due to weak global growth and this latest data raises questions about the sustainability of china s recovery. a market strategist told me these numbers show how uneven china s recovery has been. a pretty dire set of numbers, although services is still an expansion. it has come below expectations, but of course the bigger shock on the manufacturing side, and shows how uneven the recovery is in china. two things worth noting. first, we are coming from a strong first quarter where we had this initial euphoria after the reopening of the economy, as well as some benefit from the chinese new year period. so of course, manufacturers are a little bit downbeat after that initial euphoria has come down. secondly, my bigger concern is about geopolitics and the impact on making the external demand weaker for china s manufacturing secto ....

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