Five Things You Need to Know to Start Your Day

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Five Things You Need to Know to Start Your Day

Bloomberg2021-07-05

Chinese President Xi Jinping and EU leaders are expected to hold a video call as tensions flare. Saudi Arabia insists the OPEC+ must extend its production agreement, despite pushback from the United ...

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w8w8
·2021-07-08
Steamed
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w8w8
·2021-07-07
Teamed
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Voonah
·2021-07-05
Wow! [YoYo]
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3
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JessHang
·2021-07-05
?
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1
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Bonds
·2021-07-05
Good say
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leyvancs
·2021-07-05
Cheers All !
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- KVCGTan:
  Cheers!!
  2021-07-05
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- leyvancs:
  cheers
  2021-07-05
  Reply
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NgKenny
·2021-07-05
Good
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6
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bmng
·2021-07-05
Good information
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4
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ping23
·2021-07-05
pls like
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7
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- J256:
  Ok
  2021-07-05
  Reply
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K3nia
·2021-07-05
Good morning
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Ahwinwin
·2021-07-05
Good to know
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- Footixx:
  Good.
  2021-07-05
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- tpchng:
  ya
  2021-07-05
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- EfraChan:
  Comment
  2021-07-05
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Jfm9513
·2021-07-05
Good
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Heidit
·2021-07-05
Like please
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- Yyyyyyyjjjjj:
  Same pls
  2021-07-05
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Sxnng
·2021-07-05
Ggdgvfg
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GinaSim
·2021-07-05
Good
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- Aat86:
  Good
  2021-07-05
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Wooloo123
·2021-07-05
Like please!
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YKYK14
·2021-07-05
Good read
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5
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cgjy
·2021-07-05
??
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Sau","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"开始新的一天你需要知道的五件事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Chinese President Xi Jinping and EU leaders are expected to hold a video call as tensions flare. Saudi Arabia insists the OPEC+ must extend its production agreement, despite pushback from the United Arab Emirates. China orders Didi’s removal from app stores. The delta variant continues to create havoc globally. Here’s what you need to know.\nTensions Flare\nChinese President Xi Jinping, German Chancellor Angela Merkel and French President Emmanuel Macron areexpected to hold a video callthis week, according to people with knowledge of the matter. The agenda isn’t yet known. The talks will be closely dissected as the EU and China’s once-cordial relations turn tense over a stalled trade deal and human-rights sanctions. Macron is said to be keen to promote the interests of Airbus and to press Xi on easing China’s travel restrictions on EU citizens, especially businesspeople.\nMarkets Wrap\nAsian stockslook set for a steady startafter U.S. shares climbed further on speculation the Federal Reserve has room to continue providing substantial stimulus support. The S&P 500 reached a record for a seventh straight day on Friday aftera jobs reportsignaled that U.S. recovery is gaining steam, but not at a pace that would prompt the central bank to taper stimulus quickly. Trading in the U.S. dollar may be subdued with American markets closed for Independence Day. Investors are also awaiting Fed minutes later this week for clues on its policy outlook.\nSponsored Content byGlobal X ETFs\nLithium & Battery Supply Key to Growing EV Demand\nAs electric vehicle (EV) sales grow and more legacy automakers enter the EV race, battery demand is taking off.We recently exploredthe market dynamics of lithium mining and battery production and what governments are doing to help secure supply chains.\nThe Plan\nOil remains in the spotlight over an OPEC+ dispute that has cast doubt on a deal that could ease a surge in prices. Saudi Arabia insisted on Sunday night that OPEC+must extend its production agreementto the end of next year, sticking to a plan that has drawn strong opposition from the United Arab Emirates. “We have to extend,” Saudi Energy Minister Prince Abdulaziz bin Salman said ina Bloomberg TV interview. In an indication of the seriousness of the diplomatic standoff, Prince Abdulaziz implied that Abu Dhabi was isolated within the OPEC+ alliance. “It’s the whole group versus one country. I’m sad but that’s the reality of the day,” he said. The UAE, demanding better terms for itself, on Fridayblocked an OPEC+ dealthat cartel leaders Russia and Saudi Arabia hashed out to increase output. Abu Dhabi is forcing allies into a difficult position: accept its requests orrisk unravelingthe alliance.\nMajor Blow\nChina’s cyberspace regulator orderedapp stores to remove Didi, dealing a major blow to the ride-hailing giant just days after launching one of thelargest U.S. IPOsof the past decade. The Cyberspace Administration of China cited violations stemming from Didi’s collection and usage of personal data. The unusually swift decision came two days after the regulator said it was conducting a cybersecurity review of the firm. In effect, the largest app stores in China, operated by the likes of Apple, Huawei and Xiaomi, are required to strike off Didi. But the current half billion or so users can continue to order rides and other services as long as they downloaded the app before Sunday’s order.\nRapid Spread\nAs the more contagious delta variant spreads,new fault lines are forming for developing nations and their currencies. The economic squeeze from tighter restrictions may heighten pressure on their central banks to remain accommodative, and could deepen the divide between emerging and developed markets. Only a few developing nations — Chile, China, Israel, the UAE and Central Eastern European countries — havevaccinated close to halfof their populations, the level seen as needed to curb the strain’s transmission. South Koreareversed a decisionto relax mask rules after a spike in infections, driven by people in their 20s and 30s and the variant. Meanwhile in England, anti-virus rules, including a mask requirement, will become “matters of personal choice” whencurbs are lifted this month. Still, outbreaks in Europe couldcut short a revivalin air travel.\nAnd finally, here’s what Cormac’s interested in today\nWith gains in June sticking to the seasonal script for global stocks, July should be more of the same if historical patterns hold. The MSCI AC World Index has risen 1.9% this month on average over the last 10 years and volatility — as measured by the VIX Index — has retreated, according to data compiled by Bloomberg.\nBut the data also show bulls don’t have much time to get comfy. Price swings come roaring back in August and stocks retreat. The VIX’s average jump that month is about 19% over the last decade. Of course, the move is exaggerated somewhat by the volatility gauge’s more than doubling during the August 2015 China selloff/flash crash, but only in terms of magnitude not in direction.\nAnd while seasonality is rightly criticised regarding stock moves, there is a bit more logic to it in terms of volatility. Trading activity does dry up in the summer months so prices tend to swing more in the thin liquidity.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":149074374,"gmtCreate":1625699126598,"gmtModify":1703746481406,"author":{"id":"3575859183800572","authorId":"3575859183800572","authorIdStr":"3575859183800572","name":"w8w8","avatar":"https://static.tigerbbs.com/1a305fe39d1c227693a64cc331afda1a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575859183800572"},"htmlText":"Steamed","listText":"Steamed","text":"Steamed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149074374","repostId":1195697491,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":140834196,"gmtCreate":1625645337015,"gmtModify":1703745535625,"author":{"id":"3575859183800572","authorId":"3575859183800572","authorIdStr":"3575859183800572","name":"w8w8","avatar":"https://static.tigerbbs.com/1a305fe39d1c227693a64cc331afda1a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575859183800572"},"htmlText":"Teamed&nbsp;","listText":"Teamed&nbsp;","text":"Teamed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140834196","repostId":1195697491,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":154347343,"gmtCreate":1625484561082,"gmtModify":1703742510146,"author":{"id":"4088252698055270","authorId":"4088252698055270","authorIdStr":"4088252698055270","name":"Voonah","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088252698055270"},"htmlText":"Wow! [YoYo]&nbsp;","listText":"Wow! [YoYo]&nbsp;","text":"Wow! 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