Oil Retreats as China Disappoints Markets, UK’s Starmer Opens Key Summit | The Opening Trade 10/14

China moved to further ramp up support for the economy, promising more aid for the slumping property sector and indebted local governments. But officials still haven’t convinced economists that they’re doing enough to defeat deflation. Prime Minister Keir Starmer vowed to scrap regulations holding back UK growth, as he seeks to soothe concerns among international investors after a rocky first 100 days in power. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.

Chapters:
00:00:00 - Intro
00:01:13 - The Agenda: Chinese Stocks Rally, ECB Decision This Week, JPMorgan Beats, Keir Starmer Interview
00:07:56 - ECB Rate Decision This Week, LaGarde Needing to Boost Investment in Europe
00:10:20 - Fitch Ratings Dowgrades France After French Budget
00:10:45 - Chinese Military Holds Drills Around Taiwan
00:11:08 - US to Send Advanced Missile Defense to Israel
00:14:41 - GAM Investments Julian Howard on US vs European Equities, Defense Spending and China
00:23:31 - TS Lombard's Steven Blitz Says Immigration is Driving US Growth
00:36:33 - Chinese Stock Rally, Stocks to Watch: Airline Sector, UK Bookmakers, Aker BP
00:45:36 - European Market Open
01:04:32 - JPMorgan Posts Surprise NII Gain, Banking Earnings Kickoff
01:11:06 - China Fiscal Briefing Disappoints Traders
01:22:43 - Chinese Carmakers at Paris Auto Show
01:28:28 - UK Investment Summit Kicks Off
01:30:45 - What to Watch This Week
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[ArabicReja]

Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?