Archives of “April 14, 2020” day

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North Korea reportedly fires numerous unidentified projectiles

  
  Analysis
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South Korea makes mention of the incident

The South Korean military says that North Korea has fired multiple short-range missiles into the sea, as being reported by Yonhap News at the moment as well.
The target location is believed to be between the Korean peninsula and Japan, with South Korea saying that they are monitoring the situation for more developments.
There doesn’t look to be too much in this just yet but as always with North Korea, keep an eye out. You never really know when things may just suddenly turn on its head.

Toyota says that to resume some France, Poland plant operations from end-April

  
  Analysis

Europe is gradually inching towards small production restarts

Some good news I guess as most countries and businesses are still taking baby steps to get the gears spinning once again. Although lockdown measures are still firmly in place in most parts of Europe, there are some recent concessions made in the likes of Italy and Spain.

For Italy, businesses such as timber companies, bookshops and stores selling children’s supplies are allowed to reopen starting from today.
Meanwhile, Spain is allowing those in the manufacturing, construction and some services sectors to return to work but must stick to strict safety guidelines.

Cruise ship booking firm sees 40% increase in its 2021 bookings compared to 2019

  
  Analysis
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Virus, what virus? Check this story out on cruise bookings.

  • bookings for cruises are already on the rise of 2021, according to multiple reports
  • In the past 45 days cruise booking site CruiseCompete.com saw a 40% increase in its bookings for 2021 over its 2019 bookings
  • A recent report from UBS also found that 76% of the people who had a cancelled cruise in 2020 have chosen to accept credit towards a future cruise in 2021 as opposed to 24% who accepted a refund.
Here is the link for more. Amazing.
Virus, what virus? Check this story out on cruise bookings. 

The number of potential coronavirus vaccines in development is now above 70

  
Analysis, Life
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But, these are just two of many. The World Health Organization (WHO) says there are 70 coronavirus vaccines in development globally:
  • three are already already being tested in human trials
There are manufacturing contenders in the race:
  • Hong Kong-listed CanSino Biologics
  • Beijing Institute of Biotechnology
  • US’ Moderna and Inovio Pharmaceuticals
  • Pfizer and Sanofi also

China trade balance data for March, exports down 3.5% y/y (yuan terms)

  
Analysis, Economy

China data, the trade balance reported for January to March inclusive is 98.3bn yuan surplus

  • China trade balance for March alone is surplus of 130bn yuan (via Reuters calculation): expected CNY 158.5bn
  • Exports -3.5% y/y: expected -12.8%
  • Imports +2.4% y/y: expected -7.0%

For Q1:

  • exports -11.4% y/y
  • imports -0.7% y/y
Cina customs bureau commetns:
  • global economy faces mounting downward pressure
  • uncertainties are on the rise
  • China’s foreign trade is encountering bigger difficulties
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