The nikkei 225 was also sharply down. Tanker tracker oil movement says low prices will not rise this month. Gold has an explosive start to 2016. The highest gold prices in years. Heading for its biggest weekly gain in more than four years. Fear is in control. Those of the headlines from bloomberg news. Hong kong currently closed for lunch but here is how it was trading. Down. All this ahead of china resuming trade after a weeklong holiday. Some losses in korea. We will discuss potential buyers of the radio streaming service. Plus, cisco up 10 . I will speak with Ceo Chuck Robbins about what is working for the company. And twitters shares take another letdown. Can the company pull its stock out of the gutter, despite no new users in the latest quarter . I will speak with ceo adam bain. Emily first to our lead, another day of turbulence in the market. The dow taking over 400 points, eventually settling just 250 points down. In the file hour and a half final hour and a half of trading, it
Bloombergs European Headquarters in london. Im going to take you to italy now. 0. 1 talian economy growing in the Fourth Quarter versus an estimated 0. 3 . That is a mess as im sure you can work out for yourself. Negative news in the first 60 minutes of the session. Lets bring up the equity market board for you. Equities across europe rallying. Commerzbank, one to watch on the dax. Session highs of over 10 . The stoxx 600 by 1. 73 . The ftse up by 86 points. Lets get to the other asset classes. Dollaryen, 112. 57. Biggest weekly gain since 1998. Your pronova, 1. 12 76 eurodollar, 1. 1276. Brent crude at 31 a barrel. Lets cross over to Caroline Hyde. Caroline jonathan, thank you. Federal reserve chairman janet yellen says the central bank is not to blame for the tunnel that has engulfed Financial Markets this year and is unlikely to roll back its Interest Rate increase. Yellen argued that the first rate rise in nine years had been widely anticipated. Germanys economy sustained its momen
Points, the s p by nearly 20, and the nasdaq by about 57 points. Also being helped, im sure, by the news from china. What do we think about this . I saw the rally in oil prices on friday. Basically a rumor that you were going to see Something Like this. If its contingent on iran and iraq both playing along with it, that raises all kinds of questions. Seems to be the same caveat weve heard over and over again. Iran has theyve walked back some of their more explicit talk about ramping up production. Still, theyre so eager to get back in the markets. And iraq is desperate too. Lets not forget iran boosted output a month ago by 500,000 barrels a day. If saudi arabia and russia and whoever else want to get together, they need to get iran in the room. And lets not forget that a freeze is not the same as an output cut. If demand grows, then theoretically supplydemand will come back into balance. If demand slows because of china, the freeze leaves the gap where it is. Oil is still under 30 a b
Malaysia tries to draw a line under it struggling state bank fund. The lapses laid at the feet of the former chief executive. Do let us know what you think. Follow me rishaadtv, include trendingbusiness. China markets getting underway and 30 minutes. Juliette good morning. We are seeing weakness coming through from u. S. Markets. Taiwan, singapore, joining in that selling across the region. The nikkei 225 down 1. 4 . Towardshas searched that intervention trigger. Japanese stocks extending falls, deepening a second weekly loss. The big selloff in commodities playing into the asx 200, down over 1 . Korea being sold off, nine tens of 1 . U. S. Stocks sank to sixweek lows yesterday. We saw banking stocks coming under pressure after comments by janet yellen. Basic materials leading the region lower, down by 1. 2 at the moment. ,ome of the big movers particularly in japan. Honda recalled 143,000 vehicles byjapan, and airbags made daicel failed to deploy. Fast retailing down almost 10 after i
Manus welcome to countdown. Anna warm welcome, 6 00 here in london. Now a good morning. Things are a little bit colder in the asian markets, the Asian Session this morning. Fairly flat, oil on the bounce. Helping some of the oilrelated companies in asia. Also waiting on the fed minutes, the markets suggesting what Christine Lagarde had to say yesterday. A long list of risks to the Global Growth story. Manus over the next three months, how much of the risk is priced in . The brexit, the u. S. President , greece back on the board. Aboutine lagarde warning the lack of additional stimulus from the fiscal side. While he have done this morning is try to pull this together really in this chart. The relationship between banks and the market, wti in the market. It is there. We talk about the all country world index. Just a little bit of a relief in oil, and you just see a little bit of stasis, as i would say, in terms of an uptick in the equity markets. But it is all about oil. Let us have a lo