S p up by just under 2 points. In Global Market headlines, chinas Manufacturing Sector strengthened further. Mixed signals in important areas, including export orders suggest that any recovery will be gradual. Take a look at what happened overnight in asia. Youll see that shanghai and hang seng were barely higher. The nikkei was down by 0. 8 . The big news out of europe this morning, royal bank of scotland, rbs announcing it will move 61 billion of toxic assets into an internal bad bank. The early european trading this morning, youve got some red arrows. But thats only down by about 16 points. Well see what happens as we get further into the trading day. Well have more from Ross Westgate in just a few minutes. Andrew, over the to you. Thank you, becky. We have Corporate News this morning, as well. Aigs corporate earnings top wall street. Some analysts were looking for better results in the companys consumer line business. The ceo was on the closing bell yesterday talking about the econ
Plus, as the federally fizzles out, stocks are more or less fairly priced right now, getting harder to find bargains. Hello. Very good morning to you. Were into or good afternoon if youre into asia. Were into the final hour of Worldwide Exchange right now. And 54 advancers currently outpacing decliners on the Dow Jones Stoxx 600. Fairly flat for the indices. 60 odd points higher. S p snapping a fourday winning streak. The rally in the u. S. Only lasted a day. We had been rallied ahead of it, as well. This is where we stand for the european indices. The ftse 100 fairly flat. The dax and the ftse mib down 0. 2 . Bond rates, lets look at treasury yields. Wednesday night, we hit 2. 67 on the yields. Currently, six basis points above it. Gilt yields currently higher at 2. 9 today. German bund yields below 2 at 1. 91 . On the on currency markets, we saw the dollar hit a low in yesterdays session. 1. 3532 is where we stand on euro dollar. Dollar yen, just moving away from 99. 50 after being a
Osborne may have reason to gloat. And chinas Financial Institutions are warning against trading bitcoins as the bank admits while there are risks, it could still use the currency. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello. A warm welcome to the program. The government has just unveiled an 18. 6 trillion yen stimulus package which includes 5. 5 trillion yen in fresh spending measures. This is to offset the accuracy in the sales tax which is coming in in april which raises the rate effectively from 8 to 5 . It follows the unveiling of a 10. 3 trillion package back in january. A number of measures will be expected as far as this package is concerned. Particularly for those on the lower income as well. We will get those measures as soon as they are announced in detail. Also coming up on todays show, hopes fade at wto talks as food sebsydys remain the Sticking Point. Well be in bali to get the latest on the push for a trade deal. No
Welcome to todays Worldwide Exchange. Im ross westgate. These are your headlines today from around the world. Shinzo abe is unveiling the countrys biggest stimulus since the financial crisis. A cold snap helps push up Consumer Prices to a sevenmonth high in december. Tech stocks are higher in europe led by nokia and s. A. P. After the stocks are expected to surpass the longterm target. Stocks in the u. S. Surprise the street by preannouncing earnings and unveiling its biggest corporate overall in a decade by cutting 4,500 jobs. Jay youre watching Worldwide Exchange, bringing you Business News from around the globe. Welcome to the last Worldwide Exchange of the week. Plenty to get through today. Kenny will be joaning us for the second half of the show today. She decided she cant miss out on any more. Also coming up on todays show, wells fargo, the first u. S. Bank to report Fourth Quarter numbers, well have indepth analysis from 1130 cet. Shinzo abe launches the biggest stimulus package
Hiltons ipo, the second biggest offering this year. And facebook is joining the big boys club. The s p taps the newest member of the s p 500. Display youre watching Worldwide Exchange, bringing you Business News from around the globe. Its thursday, the 12th of december. Youre watching Worldwide Exchange and its good to talk. Well, not always. Coming up on the show a little bit later, 10 40, youve got to tune in as we talk to a car pooling company who puts commuters together based on how much they want to chat. How that works out, i have no idea, but well find out. Stocks in the u. S. Have had their worst day in more than a month ahead of next weeks fed meeting. Are we at a Tipping Point . Has santa disappeared . Well be over in boston for a view on what happens next at 11 30 cet. Ten minutes later, we take you for an interview with michelin, north americas ceo, pete sellick. Hilton worldwide is making its debut during 2013. But first, russian president Vladimir Putin is currently deliv