hey sfri friday, everybody. it is 345i 14th. welcome to worldwide exchange. the impact of the falling euro and sinking commodity prices here in the region. in europe, a lackluster start to trade following a volatile week as the ceo of deutsche bank expresses his concern over greece s ability to repay its debt. and in the united states, the financial services industry takes another hit as congress moves to overhaul regulation of the credit rating agencies themselves. hello there. warm welcome to worldwide exchange. i m chloe cho in asia. we have louisa bojesen in london and nicole lapin in the united states, as well. the asian markets are wrapping up what appears to be a negative session across the board, as you can see there. the nikkei falling off 1.5%. the interesting theme today is that worries about the euro zone once again resurfacing again, especially as in here. the cautious outlook for the likes of sony in asia, plus more financing worries for the chinese b
in the united states, we re seeing the return of the corporate customer. welcome, everybody. you are watching worldwide exchange. ecb second quarter survey forecasts are showing us the euro zone 2011 inflation is at 1.5%. that minutes it s unchanged from what we saw during the first quarter survey. the euro zone 2010 inflation hicp, 1.4%, slightly higher than 1.3% that was seen in the last survey. 1.9 expectations, unchanged. gdp, 1.1%, slightly lower than what we saw the last time. for 2011, you re looking at a gdp level of 1.5%, slightly lower than the 1.6% seen the last time around. long-term growth is unchanged. they see only temporary inflation impact from the high commodity prices. they see a risk to growth forecast in to 10. so to the up side and slightly to the down side in 2011. let me introduce to you our guest host. ty chuey is from standard chattered bank. ty, we re looking at the ecb forecasts and we re looking at risk to growth forecasts in 2010 to the ups
it s wednesday, the 28th of april. welcome to worldwide exchange. in the headlines today, here in asia, many market in japan and indonesia closing with a one-two punch downgrading greece and portugal. in europe, shares hit a five-week low. in the i d, the flare-up of financial turmoil in greece and in portugal may reinforce the fed s reluctant to signal rate raises anytime soon. health low. a warm welcome to worldwide exchange. i m chloe cho here in asia w ang although with nicole lapin and ross westgate. a quick snap of the asian market action, a weak session today. as you can see, a lot of these markets losing their key support levels. the nikkei closing below the 11,000 handle, still in its final stretches of trade, falling below the 2,100 level, as well. the shanghai composite is relatively low today. it is standing at the lowest point for this year. the bombay sensex off 0.9 and the aussie market, this risk off trade taking a lot of money off the commodities m
in asia, china s shanghai composite closing 1.6% lower on further concerns about further property tightening measures. meanwhile, in europe, positive results in the banking sector lloyd s returning to profit in the first quarter. and in the united states, goldman sachs ceo lloyd blankfein is set to answer tough questions about the bank s possible role in the financial crisis. good morning, good afternoon, good evening wherever you are. i m chloe cho along with ross westgate and nicole lapin. we re looking at a softer picture overall theme, policy uncertainty in china. the shanghai composite is down 2.1%. policy tightening concerns on top of that. reported fund-raising plans by one of the big banks for china construction bank and that weighed on sentiment. the shanghai composite just above 9,200. overall, the rest of the markets, the hang seng under pressure, down 1.5%. north asia was one of the brighter spots, the nikkei managing to close slightly to the top side after
reform. hello and welcome to worldwide exchange. with christine tan, nicole lapin and myself, ross westgate. we just had data out in the euro zone. the manufacturing pmi growing at its fastest pace since 2006. this is a cording to the composite pmi, 57.3. they were forecast at 56.1. there were 55.the in march and the highest since august 2007 and it marks the eighth month the index for the service sector is above the 50 mark. that s, of course, with contraction from expansion and considerly above the poll consensus. now, the manufacturing sector, which drove a large part of the return to growth last year is also at its fastest pace since the middle of 2006. that has helped push the session high against the dollar. as far as european markets are concerned, despite the sell-off in asia, this is a piece of data that will help that, as well. up 0.5% for the ftse 100. xetra dax up 0.6% at the moment and a good balance of earnings. so the data at the moment is supporting higher