Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Economic Data Dragging Down Asian Markets

Details

  • Description

    Deirdre Wang Morris breaks down the latest round of economic reports from Asia.

  • Duration 2:01
  • Date

Clips

Also in this playlist...

World Markets

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- markets talked about it a little bits and you know we had to this point.

Economic data here and then we had it there China's PMI showing the factory activity continues to hurt raising fears of a sharp.

A slowdown in in China him to second largest economy in the world sell -- I'll let's get to Deirdre did you want -- in Beijing for what is being said they air.

It was talked a lot did you about hard landing soft landing what do you hear from people you talk to especially after this latest round of data.

We'll certainly coddled the data may disappoint for a while now over a month we have -- really disappointing economic data for April and the latest PMI numbers shows that China's economy continues to hurt.

Oliver it may be because I -- -- but I'm hearing from more people.

That I am -- they point to growth in China which is supposed to be between seven and 8% this year they say okay.

That's really not so back considering the low single digit growth expected for you left a contraction in some parts of Europe.

So really I'm -- -- it's gonna be a soft landing however it implied that there is confident that policy makers particularly in China have the tools.

To call about a sharp slowdown now there's another thing they -- do they cut interest rate they can cut the reserve requirement ratio they can spend more reports you know the effect.

From the last spending bed so there's a lot of talk about stimulus probably talked about it earlier this week I investors were disappointed because of rumors that whether it be that not that's what's really you want -- 630.

Billion dollar stimulus that we stopped -- the 20082009.

-- financial crisis.

But already the government is spending -- increasing loans that proving up projects.

Infrastructure projects and -- that's been a lot faster than it seems to be content at least you're currently the people I'm talking to you that while you are there any but certainly the fears are there they could get a lot -- that economic data -- continues to disappoint bottle.

They've tried some of those things before be interesting to see what his -- that the bag of tricks are still there -- due to thank you.

-- -- -- --

Load More