China Traders Want More Fiscal Easing, South Korea Politics | Bloomberg The Pulse 12/13/24

China’s bond rally got a shot in the arm from a key economic meeting, where promises of interest rate cuts helped send the benchmark yield to a fresh record low. Earlier this week, the Politburo, China’s top decision-making body, pledged “moderately loose” monetary policy in its first policy pivot in nearly 14 years. On top of easing bets, bonds are also supported by concerns over a potential trade war with the US and a lack of other investment options amid fragile sentiment on stocks and the property market. In politcs, South Korean President Yoon Suk Yeol’s approval rating slumped to its lowest level since he took office as he tried to defend his declaration of martial law and push back against efforts to oust him via impeachment.

Today’s guests: Daniele Antonucci, Quintet Private Bank CIO; Beata Manthey, Citigroup; Jimmy Muchechetere, Investec Wealth & Investment
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 – Market check
00:01:59 – The Pulse with Francine Lacqua
00:02:30 – Daniele Antonucci, Quintet Private Bank; Chief Investment Officer
00:03:28 – Beata Manthey, Citigroup
00:07:25 – ECB fails to meet dovish expectation
00:10:36 – Macron to announce new Prime Minister today
00:16:58 – UK eco contraction leaves Labour growth vow in doubt
00:19:11 – Europe’s missing trillions
00:21:14 – Headlines
00:22:02 – S. Korean President set to face second impeachment vote
00:24:45 – Jimmy Muchechetere, Investec Wealth & Investment
00:33:03 – Georgia to appoint President amid protests
00:37:30 – Big Take: What’s the price of a human egg?
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