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CFM Morning post

1. Statistics released by the Korea Tourism Commune recently showed that affected by the novel coronavirus epidemic, a total of 30861 people entered South Korea in May, of which foreign tourists plunged 99.5% from the same period last year, with only 6111 foreign tourists. By country, the largest number of Americans entered South Korea in May, with 2996, followed by the Philippines, Indonesia, Ukraine and the United Kingdom. Recently, countries around the world have blocked their borders, and the South Korean government has also required immigrants to be quarantined for two weeks, which has led to a sharp reduction in the number of foreigners visiting South Korea.

2.Industrial output rebounded sharply in May, up 19.6% from April, far exceeding market expectations, thanks to the relaxation of epidemic blockades and factories resuming work, according to data released by France’s National Bureau of Statistics (INE). During the April blockade, French industrial output fell sharply, with a revised figure of 20.6% lower than the previous month. Manufacturing output, excluding energy and construction, rose 22% in May from a month earlier. Energy output rose 9.2%, while construction output soared by 118.5%.

3.The Office of Budget responsibility: the UK’s GDP will see the biggest year-on-year decline in 300 years, with unemployment expected to be 8.8 % in 2020 and 10.1% in 2021.

4.British brand appraisal agency Brand Finance released a list of the top 50 most valuable brands in the Netherlands in 2020. Shell, KPMG and ING ranked the top three in a row.

5.The latest figures released by the Office for National Statistics show that due to the strict national control measures brought about by the COVID-19 epidemic, the UK’s gross national product shrank by 19.1% in the three months to the end of May this year, with GDP falling 20.3% in April, the month with the most stringent controls. Compared with April, the UK economy rebounded by 1.8% in May, but far below the 5.5% growth economists had expected.

6.The schedule for the 2022 World Cup in Qatar will be announced: The opening match will begin on November 21, 2022, and the final will be played at 18:00 local time on December 18. In the group stage, there will be four games a day.

7.Judge Burrows of the Federal District Court of Boston announced at the hearing of the relevant lawsuits filed by Harvard University and the Massachusetts Institute of Technology that the federal government of the United States has agreed to revoke the new visa rules for international students issued a few days ago.

8.Britain has announced the results of an investigation into the leak of Anglo-US free trade agreement documents: it has been concluded that Russian actors are almost certain to seek to intervene in the 2019 general election. Sensitive documents of free trade agreements have been illegally stolen. Reserves the right to take appropriate response measures to Russia in the future.

 9.Three US military personnel stationed in Japan who were diagnosed with COVID-19 falsely reported their itinerary when entering Japan and were suspected of violating Japan’s epidemic prevention regulations. Japanese Defense Minister Taro Kono said the matter was extremely serious and asked the United States to deal with it seriously.

10.The ECB: keep the main refinancing rate unchanged at 0%, the deposit mechanism rate at -0.5% and the marginal lending rate at 0.25%. Maintain the (PEPP) scale of the emergency anti-epidemic bond purchase program at 1.35 trillion euros.


Post time: Jul-17-2020

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