The bank. Welcome to countdown. 6 00 here in london. Lets go straight to the asian market story. Biggest weekly advance in six weeks. It was looking like it some of thoseg games early in the session but we have seen a pickup again. The shanghai composite up by around half of 1 . Shanghai headed for a weekly advance. We have had career closing pretty flat. The nikkei closing higher by about 1 10 of 1 . Some good gains australia. Up about one third of 1 . In hong kong, things looking a little bit flat at the moment. , the mood has been a little bit weaker in the afternoon session. Some of the main stocks we have been watching. The league performer in terms of Percentage Points of the msci regional pacific index. That is out in north and south agreed to talks. Sharpton japan having its best to date again in four months after an expected return to profitability. Reports that is going to launch a new budget. Elsewhere, prime primary health care in australia lowered its profit forecast. Look
Brutal week. Mark calm has been restored and markets after what you say has been distribute a turbulent week. Reference rate barely changed today. Statecontrolled funds have been propping up the stock market which did rise today. The shanghai composite this week biggestnking 10 , its drop since august. The world worstperforming Global Benchmark this week. Down by 5 ,ex is its worst performance in four months. Has been wiped off global stocks. I want to show you what is happening to emergingmarket stocks because yesterday the msci fell to the lowest level since 2009. But after china stepped up efforts to stabilize Financial Markets, it rebounded from that sixyear low. Still this week, it is down by 6. 5 . It matches what happens to the yuan. Swings tend to impact currencies. Those countries are chinas biggest trading partner south korea and taiwan. Index tracking currencies across the region has fallen to its lowest level in six years. The bloomberg dollar spot index is gaining for the
Lets begin with europes deflation by lemma. Consumer prices for the eurozone are at the top of the next hour. Our International Correspondent hans nichols, joins us now with more from berlin. It looks like draghis case for quantitative easing will be bolstered. Thats what we expect. If inflation does come in at 0. 1 draghi is going to have another argument for why he needs to start purchasing government bonds. On friday, we get consumer confidence. This is more the german case, the german theory of economy that most of inflation in decrease is largely due to the price of oil, which dropped over 50 in the last year. When we combine those two, the germans are saying you have a stimulative effect. This is Jens Weidmanns view of the world. He wants to see how Lower Oil Prices are affecting consumer confidence. Then he can say, im finally comfortable with quantitative easing. How long can the european economy weight . It doesnt look like the ecb is willing to wait. Even if we look at the co
Ban ki moon has arrived in cairo in support of the cease fire between israel and hamas. The exiled leader of hamas says they must take the first up a bit want the truce in israel. They will consider a ceasefire in israel and their attacks and the siege of gaza. Israel has bombed building and at least 90 people have been killed and some 700 wounded since the air strikes began. The bombardment of gaza continues. Israeli Defense Forces are picking targets they say it are connected to palestinian militants. The billionaire also among the latest casualties. Across the border in israel, Ground Troops are massing in preparations for a possible invasion. Israel has no mobilize and 40,000 reservists. Elsewhere, diplomats are attempting to broker a ceasefire. In jerusalem, middle east peace envoy tony blair met with perez to stop the rocket attacks. It is clear we do not have any ambition to gain an advantage but we just want to stop the fire. More than 1000 rockets have been fired from a hamas
Ban ki moon has arrived in cairo in support of the cease fire between israel and hamas. The exiled leader of hamas says they must take the first up a bit want the truce in israel. They will consider a ceasefire in israel and their attacks and the siege of gaza. Israel has bombed building and at least 90 people have been killed and some 700 wounded since the air strikes began. The bombardment of gaza continues. Israeli Defense Forces are picking targets they say it are connected to palestinian militants. The billionaire also among the latest casualties. Across the border in israel, Ground Troops are massing in preparations for a possible invasion. Israel has no mobilize and 40,000 reservists. Elsewhere, diplomats are attempting to broker a ceasefire. In jerusalem, middle east peace envoy tony blair met with perez to stop the rocket attacks. It is clear we do not have any ambition to gain an advantage but we just want to stop the fire. More than 1000 rockets have been fired from a hamas