17 Burst results for "Hangzhou"
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"And I'm Paul Allen in Sydney, where we have the ASA spirited by about two thirds of 1% right now. We've got the Nike high by 1.2% and the cost be in South Korea better by half of 1% we had data out of the first South Korea a little bit earlier. Consumer prices moderating in January coming in at 4.8% on year, there wasn't expectation they would hit 5%, so signs that inflation appears to be quieting down so some interesting food for thought for the bank of Korea, which doesn't have its next meeting until April, I believe. The one meanwhile at 1298 74 against the greenback. The end pretty quiet, as I mentioned, one 35, 86, we're mostly positive for equities markets around the region with the exception of Hong Kong and China, Hong Kong's Hangzhou index off by about a third of 1% the Shanghai composite off by half of 1% and of course the national People's Congress in China sitting at 5% GDP growth target for the year, analysts consider that to be pretty conservative and in fact UBS has already come out with its expectations that China's going to top that coming in F 5.2%. Right now we got the yield on the ten year three 95 17 earlier we heard from San Francisco fit, chief Mary Daly reiterating that higher for longer narratives, and that is your market update. Time for a check of global news that Baxter's in the San Francisco newsroom it all right, thank you, Paul, China's announcing a significant increase in its military spending
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"Like a little bit of a tough session in Asia today if your long risk assets than EK is moving down a little bit down about a third of 1% the ace X 200 off a half of a percent. We might see a little bit of a change of had a bit of buying in the Hong Kong and China markets of late after a pretty torrid month of February. The Hangzhou index futures contract at the moment is up 6 tenths of a percent. Not sure if that will hold. But we'll get to some of the news in a moment that might support it, puts you trying to a 50s are up about two tenths of a percent. And again, just looking at more red numbers here on the screens than green. We had bonds in Europe falling after hot inflation data caused to reassessment of raid expectations there and investors really all over the world, but particularly in the U.S. and Europe have been struggling with the realization that inflation is not cooling to the extent that central banks thought is particularly true with the Federal Reserve in the U.S. and it cooled a lot of the optimism that we saw with stock soaring in January. The S&P 500 was up more than 6%, but it dropped 2.6%, so we're just up a little bit more than 3% on the S&P year two date. In Europe overnight, the Dax was down about a tenth of 1%. And again, the S&P down three tenths of percent in this latest session. I'll focus on China when we look at markets again in about 15 minutes, a little bit of positive news there with China's home sales. And that is, a Bloomberg business flash. Headline news with Ed Baxter in San Francisco. All right, thank you, Brian
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"Of the hour, I'm Brian Curtis, and the Bloomberg interactive broker studio in Hong Kong. We update markets all throughout the day. On Bloomberg radio, a little bit of a negative feel to markets this morning we talked about some of the major challenges, the tough fed commentary, which is ongoing, a rising dollar, geopolitical tensions, all weighing in. But we have seen a few green numbers in China, CSI 300 is up about a tenth of 1%. And we've seen Australia move just ever so slightly positive up about a tenth of a percent as well. A couple of additional things to be concerned about. Two schools in the city of Hangzhou in China have reported COVID cases among students. One of them halted classes according to the zhejiang daily. And one of the schools suspended some classes for three or four days here in this period. After ten students in a class tested positive for COVID, the report cited a school notice. So some of the China reopening trades have stalled out as people remain concerned. However, Goldman Sachs is saying you'll see a 24% jump in Chinese stocks by the end of the year and they are citing the reopening and also the businesses that some businesses will see windfall profits as a result of this dramatic reopening. Goldman Sachs sees potential for the MSCI China index to hit 85 by the end of 2023 at the moment trading around 68. The offshore Chinese currencies at 6 87 92 not too much action there and WTI crude you're 76 22 a barrel down about two tenths of a percent. And that's a check of markets. It's time now for headline
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"It's hard to keep up with breaking global business news that was a mixed day here in the states. Volatility is sky high. But at Bloomberg, our season reporters and anchors make it look easy. European stocks hit a fresh record fares have basically been rendered obsolete. The right height dance is playing out on a belly of the curve. Are you worried about a wage price spiral? A lot of Wall Street strategists getting more and more cautious here. Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. Bloomberg, the world is listening. From Bloomberg news and iHeartRadio, it's the big cake. I'm West Coast sova. Today, China's economy comes roaring back. They chant Xi Jinping step down and extraordinary show of defiance in China. In Shanghai, they chant for freedom, democracy, and end to COVID lockdowns. There's been mixed signals, but now clearly because Hangzhou Shanghai, Beijing, Shenzhen, Guangzhou, zhengzhou, iPhone city, and many more are all starting to loosen their COVID restrictions, including relaxing some of those PCR tests requirements. What a difference a month or so makes. At the start of December, China was still in COVID zero lockdown. And as you heard there, people were fed up with being stuck indoors. Now, in part because of those protests, the government has significantly eased COVID restrictions. China's people are going out and getting back to work. And that means it's economy is starting to rev back up too. China's reopening will be felt around the world as travel picks up and the nation resumes buying products
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"29 a.m. here in the Lion city. Good morning. I'm hustling to amen. And I'm Brian Curtis here in Hong Kong. We're just getting some of the opening numbers in the Hong Kong and China markets. Looks like it's going to be a down day here as well. The Hangzhou index, the preopening numbers down about one and a quarter percent. Details on that coming up shortly, but for now, some of the top stories has Linda. Brian, a cryptocurrency trader was arrested after being accused of rigging the mengo markets exchange, Ibrahim eisenberg allegedly attempted to steal a $110 million by manipulating the prize of mango perpetual swabs with his two mango market accounts. Michael perpetual swabs are futures that allow traders to keep positions open, a criminal complaint said all he needed was 20 minutes to push up the price of the swabs by a 1300% the technique used has been tied to other high profile attacks, harvest finance laws, $34 million in 2022, while beanstalk was hit for a 180 million dollars in April. Eisenberg later agreed to return $67 million to mango according to the complaint. He's now under arrest in Puerto Rico and is charged with fraud by prosecutors in New York. Well, as we talked a lot about Hong Kong residents and Chinese residents and their desires to travel. Well, residents are reacting pretty swiftly to China's relaxation of quarantine restrictions. They're flooding the Internet to search for flights to key mainland cities, outbound searches for flights from Hong Kong to Mainland China on trip dot com and sea trip jumped about 520% on Monday from the day before. Now the top 5 destinations were Shanghai, Beijing, Hangzhou, Chengdu and Nanjing. Search traffic up by more than 1000%
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"And Chinese health authorities accelerating a shift towards easing COVID restrictions, it Baxter's got more. It. Yeah, exactly right, Paul Shanghai, and Hangzhou are joining the expansion today. Here's Bloomberg Stephen engel. As of today, Monday in Shanghai, you will no longer need a PCR test, a negative PCR test to use public transport or go into public venues, also other cities like Hangzhou, which is just further to the southwest of Shanghai also an economic powerhouse, the home base of Alibaba. This is an addition to many other cities that are, I would assume taking new marching orders from Beijing to ease back a little bit. Now Steven says it appears he orders are coming from Xi Jinping, but official policy will come from the Politburo. They start putting together the priorities that they will unveil at March's national People's Congress and I'm sure opening up of the economy and prioritizing the economy will be atop the agenda at that polar bear closed door meeting in Beijing. And China's reported out over 29,000 cases for Sunday. U.S. Secretary of State Antony Blinken will meet with China's high level leaders the first part of the year today on CNN State of the Union blinken says communication is very important. It's very important that we are communicating directly and clearly with China. We want to make sure that there are no misunderstandings, no miscommunication that we have a floor under the relationship. And the president has had a productive conversation in that sense. We want to make sure that they're active channels of communication. And a blinken does say he supports a demonstrators in China, his ability to express their views. Donald Trump's latest stab at getting the presidency back is to dismantle parts of the U.S. Constitution. Tweeting a massive fraud of this type and magnitude allows for the termination of all rules, regulations and articles common even those found in the constitution. Now, this is putting some Republicans in a very stressful situation Ohio Republican Dave Joyce when asked on ABC has heard here on Bloomberg, whether he would be able to support Donald Trump. I will support whoever the Republican nominee is. But says he doesn't think it can possibly be Donald Trump and for Democrats while incoming House minority leader Hakeem Jeffries. The Republicans are going to have to work out their issues with the former president and decide whether they're going to break from him and return to some semblance of reasonableness or continue to lean into the extremism, not just of Trump, but of trumpism. In any case, what Trump said is clear a dismantling of parts of the constitution. In one of San Francisco's best known pizzas now come with a pre rolled joint. I don't know if this is only in San Francisco, but north beach neighborhood, nationally recognized Tony's pizza, Napolitano, calls the pairing up in smoke. In San Francisco, I'm at Baxter, what next? This is Bloomberg. All right Doug. All right, any thank you global sports time Dan Schwartzman
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"By regulators who say they pose a security risk. That continues a year's long effort to limit the reach of Chinese telecommunications companies into U.S. networks. The Federal Communications Commission in an order released yesterday also named connected camera providers Hangzhou hikvision digital technology and technology, as well as two way radio maker itera communications corp. One researcher finds America's were shopping more over Thanksgiving, at least with their phones and computers on that day more from Bloomberg's Charlie pellet. Data from software provider Shopify, which powers ecommerce platforms for small businesses, shows that the average spend per card on Thanksgiving Day was 3.8% higher than last year, that might not point to higher sales volumes, but instead increases in prices due to higher inflation. Bloomberg's Charlie pellet. U.S. dogs ended Friday little changed as investors hoped for less aggressive Central Bank tightening, but still worried over inflation and recession. Kit jukes is chief FX strategist at societe general in London. In most major economies, we're going into a downturn at full employment. And if the last if the last big recession was this time is different, this is different all over again differently. For the week, the S&P 500 rows one and a half percent, the Dow gained 1.8% the NASDAQ rose 7 tenths of 1%. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Suzanne Palmer
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"The region. The Hangzhou index is up 2.4% led by a huge jump in HSBC up 5.8% and we also see standard chartered bank rallying more than 4%. We did get the inflation data from China, September CPI was up 2.8% year on year. It was the fastest pace since April of 2020, just a tad under the survey estimate of 2.9% and up from the two and a half percent. We saw in the prior month. And PPI gained 0.9%, a little under the survey estimate. Asian stocks right across the board are higher than EK is up 3.2%. That's a move of 826 points. The ASX 200 up 1.9% and in Taiwan powered by TSMC, the taiyaki is up 2.6%. Itself is rallied around 4% this morning currently up 4.3%. The people's bank of China will push banks to increase loans to infrastructure to manufacturing and to the property sectors all in an effort to better support the economy that from the governor Ye gong. A couple of quick final notes we've seen the pound strength in this morning, our time right now, the pounds that $1 and 1353, the UK Chancellor of the exchequer quasi quartan cutting short a trip to the United States and heading back to London, reports have emerged that the UK government will abandon plans for a massive package of unfunded tax cuts. And that's a Bloomberg business flash. Let's get to the news desk and at Baxter's in the 9 60 newsroom with the top stories making headlines at all right, thank you, Brian, South Korea says that dispatched its F-35 fighter jets half to the north through military aircraft near the border. This after South Korean and Japanese military say that they had done the same. North Korea
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"Energy that is not that cold and that makes it okay for the Europe and UK one. All right, grace, thank you, grace Tam, chief investment adviser at BMP parabel wealth management Hong Kong with us from Hong Kong here on Bloomberg daybreak Asia. Looking ahead to the reopen of the markets there and we are seeing some small gains expected on Hangzhou index will bring you that open shortly. This is Bloomberg. This is a Bloomberg money minute. Inflation at four decade highs and the resulting recessionary pressures are hitting consumers differently this time. When we were thinking about recession initially, we were thinking about the low income consumer being really the or bearing the brunt. But Jeffrey's senior research analyst Stephanie whisks says the truth is somewhere in the middle. It's more of a middle income recession. Evidence of that comes in the form of warnings of a demand slowdown from stores that cater mostly to customers in the middle class. You have cools, Macy's, and Nordstrom, all signaling that that middle income is getting squeezed, and discounters, including Walmart in Dollar General, say they are recent sales growth has been driven in part by wealthier customers seeking out savings. With ink says it's not that low income shoppers are having an easy time of it. There is definitely some behavioral shifts that are happening around gas prices and food inflation. But this group has made strides in wages over the past two years that have helped cushion the blow. Tracy jonke, Bloomberg radio. How are financial services firms managing in this new reality? Claire Santa niello managing director at BNY Mellon's Pershing explains. If the current times have taught us anything, it's a critical role that technology plays in client relationships. Global conditions have
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"Of charitable events. I'm Brian chuck. And I'm Brian Curtis in Hong Kong. Let's check this out, is top business stories and the markets. In China, policy support on the economic front appears to be on the way. Chinese developer shares are in focus this morning, a media report said that regulators plan to provide liquidity support to select developers via new yuan bonds. The bonds would be guaranteed by state owned firms. Country garden has jumped 21% in the Hong Kong market, long for properties up 17%. Meantime, two financial newspapers, the financial news and the securities times, both state backed media say policymakers need to do more to boost economic growth. Front page stories argue that China needs to introduce more policy tools to boost confidence. The securities times had a similar story to that one in the financial news. In other news, Iran sent the European Union its official response to the block's proposal for reviving the 2015 nuclear accord. That's after it signaling that it may be nearer to a deal with the United States. Iran's foreign minister said that an agreement can be reached with Washington if the U.S. shows a realistic approach and flexibility. Oil prices down today, WTI is trading at $88 and 91 cents down a further 6 tenths of 1%. BHP, the world's biggest minor posted its highest ever full year profit. But it did issue a warning of headwinds coming from slower global growth, rising costs and geopolitical uncertainty. The stock traded up 4% in early trading. Let's take a closer look at markets in the Asia Pacific. The Hangzhou index is trading up about a quarter of a percent, the CSI 300 in China, up three tenths of 1%. The kneecap is essentially flat. The yield on the ten year treasury now 2.77%. Global news, 24 hours a day, live and a Bloomberg quick take, brought to you by 2700 journalists in a 120 countries. In Hong Kong, this is Bloomberg
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"At Bloomberg quick tape This is a Bloomberg business flash Asian equities are off to a positive start earlier U.S. shares rose minutes from the fed's last meeting gave no signals that officials were turning more hawkish And we also had Chinese stocks traded in the U.S. gaining 2% the futures in Asia China FTSE China a 50s up about two tenths of a percent And Hangzhou index futures up three tenths of a percent but the NASDAQ golden dragon China index rallied about 2% And if you look inside the nikkei's gain of 6 tenths of a percent this morning it's consumer discretionary and that was also the best performing sector in the S&P 500 It was very good day for retailers there and also home builders and if you look at energy during U.S. session we had gains of a little more than 2% The ASX 200 has rallied two tenths of 1% It cost me is up about 6 tenths of a percent the dollar is just slightly softer here Dollar yen one 27 28 Yield on the ten year treasury 2.75% and double a TI crude is firm at a $110 95 cents a barrel And that is a Bloomberg business flash Let's get the headline news with that Baxter in the 9 60 newsroom and San Francisco Ed Oh all right thank you very much Brian Shanghai is reporting out now this morning no new COVID cases outside the quarantine zone Two years to the day since George Floyd's death.
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"Equity futures are mixed but tilting a little to the upside we have Australian futures up about 6 tenths of 1% China futures edging higher about a tenth of a percent flat in Hong Kong with Hangzhou index futures off about 9 points or so Nikkei future is a 27,290 and that would suggest well close to 300 points of upside at the open because the cash market closed yesterday with an EK 26 9 85 Some of the standouts today dollar yen now one 29 22 We had treasury yields jumping across the curve The yield on the tenure is up to 2.93% yield on the two year at 2.59% and the 30 year actually jumped above 3% Investors are waiting to see whether loan prime rates will be falling in China Measures to support the COVID hit economy have so far failed to impress investors yesterday after the 23 new measures by the PBOC came out Thanksgiving tech index was down 3.8% The hanging index was off 2.3% Briefly gold training at 1951 at Troy ounce and right now WTI crude one O three 75 a barrel One O three 75 a barrel and that is a look at markets Headline news with that Baxter in San Francisco All right thank you very much Brian the Solomon Islands have entered into a security cooperation deal with China this over Australian U.S. objections that apparently gives China safe harbor for its ships just over a thousand miles from Australia Russia.
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"The NASDAQ golden dragon China index then Beijing's State Council earlier this morning implied there will be more support for markets Xinhua reporting the tech crackdown will be finished soon The Hangzhou tech index has recorded the largest bounced ever right now up 17% the hang seng up 7 and a half percent The CSI 300 up four and a half percent and we're seeing that boost risk assets across Asia the Nikki two two 5 up 1.7% The Cosby up 1.4% looking ahead to futures Euro stocks 50 futures are up 1.3% even east north of the green up three tenths of a percent now 100 futures up 7 tenths of a percent with all that market moving news this morning Yes it is still fed decision day U.S. benchmark ten year treasuries up two basis points yielding two 60 fed chair Jerome Powell expected to go ahead with 7 25 basis point hikes this year the market will be listening for hawkish signals Bloomberg dollar spot index down two tenths per percent at a 1203 handle And we are seeing the Chinese offshore yuan up three tenths of a percent against the greenback News that Saudi Arabia in active talks with Beijing to price oil sales to China in yuan In commodities Brent crude up two and a half percent priced at $102 a barrel Russia's foreign minister Sergei Lavrov seating that sanctions against the Kremlin will not impede the Iran nuclear deal so optimism there may be more supply on the market That's the Bloomberg radio business flash is the anger and with the top news warning the Anne Good morning Laura.
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"Minutes on Bloomberg radio We're seeing a modest recovery in markets today The nikkei is up 1.2% the ASX 200 up 1.1% Hank sing index has staged a fairly solid rally but still off the best levels now of 2.4% and the Hangzhou tech index has mentioned with gains of about 5.6% really volatile in the China markets If you look at Shanghai and Shenzhen the CSI 300 which is an amalgamation of top stocks in those two areas up now a half a percent after briefly turning negative a few moments ago in Shanghai composite is up just two tenths of a percent And the Taiwan market has turned negative to tye X is now down about a tenth of 1% We have had some very slight gains in oil after a huge drop down to $95 Now trading at 97 O 7 gold is languishing today It's down about four tenths and the yield on the ten year treasury at 2.14% In news Japan's exports logged bigger gains in February from a year ago exports increasing 19.1% That was a slight miss but it was better than the 9.6% rising January And merchandise made by Chinese sportswear giant leaning has been detained at U.S. ports as after an investigation indicated the company used North Korean labor in its supply chain The stock has been volatile It opened lower It's now higher by about 1.6% And that is a check of markets Let's get to the top news stories making headlines with head Baxter All right thank you Ryan Curtis Japan's defense ministry says North Korea fired another ballistic missile in South Korea now reporting it believes the launch failed and John happ is reporting that South Korea and the U.S. are mulling resuming bomber drills to make sure they're.
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"15 minutes throughout the day on Bloomberg radio While we're seeing the futures tip higher here a big part of that was a rebound on Wall Street and also a drop in oil prices WTI now is at $95 and 91 cents a barrel There's some word that Iran nuclear talks will be resumed soon in that oil may find its way back into global markets That's part of the reason for that Among other markets in Asia it felt like capitulation in the Hong Kong market with the Hangzhou index dropping 1116 points yesterday 5.7% after dropping more than a thousand points the day before So more than 10% in two days was a pretty aggressive move to the downside the hangtown tech index was down 8% yesterday And we did have a rebound in Chinese stocks that are listed in the United States with the NASDAQ golden dragon index up 5% and a couple of other key ETFs also up 5% It's well noted though that Tencent fell 3.3% It's now in the crosshairs of regulators and for the most part Tencent had avoided a lot of this over the past year but it seems that now its turn and that's having to do with money laundering allegations and Alibaba was also down 1.3% So we'll see how that market trades today The dollar pretty steady Dolly N one 1829 yield on the ten year 2.14% That's largely where we were this time yesterday The two year at one 84 is moving down a little bit.
Bloomberg Radio New York
"hangzhou" Discussed on Bloomberg Radio New York
"Is doing its job in terms of manufacturing these devices TSMC is doing its job in terms of producing the Apple design processors So what we're going to need to see here is increased diversification in order to mitigate these problems Apple's stock slipped in late trading Meantime SAP raised its full year revenue forecast on accelerating cloud sales It's considered a promising sign amid the company's turnaround plan Hong Kong has suspended schools and shut down the stock market during the morning session It's due to typhoon comp pasu lashing the city with strong winds and rain In China the city of Beijing has postponed auctions of 26 land plots Hangzhou has scrapped bids of another 17 this week These moves come as China pushes efforts to cool down the housing market Chinese property developers is suffering credit rating downgrades at the fastest clip in some 5 years Concerns are mounting about contagion among developers with huge debt cynic holdings has become the latest real estate firm to warn of imminent default Let's check the markets The CSI 300 is down two tenths of 1% The hanxing index did not trade this morning we'll see about the afternoon session The Nike is down two tenths of 1% and dalian now one 13 40 Global news 24 hours a day live and at Bloomberg quick take brought to buy 2700 journalists and analysts from a 120 countries around the world In Los Angeles I'm Brian Curtis This is Bloomberg.
The My Future Business™ Show
"hangzhou" Discussed on The My Future Business™ Show
"On today's call we're going to be talking about an organization that are making massive headways in this spice is called. Hello powell on the line with a wonderful kale warm. Welcome to the show. Thanks thanks for having me absolutely my pleasure now. Pain looking through. Google play at the app survey looking through the bio's and i'm seeing some incredibly exhorting moves through the different stock exchanges. Love to talk about all of these things that are happening in. Learn a bit more about that. But what i like to do is Learn a little bit more about you. First of all. Where are you located. I'm in hounjo the city of hangzhou. Which is the same place where alibaba is is. You've probably heard of this just near. I saw city..