european markets are fairing now. here s where they stand 90 minutes into the trading day. the london ftse down .67%. paris contact down .19%. zurich smi up .08% and xetra dax down .37%. what s it like in asia? it s hitting markets in japan. the hong kong hang seng is japan, just to make that clear. that hurt the markets. it pulled the market down. also pulling the market down in japan the ministry of finance came out with new figures which shows japan had a $5.7 billion trade deficit in january. that s the first time there s been a deficit in 22 months, and it was fueled by higher import costs and weaker than expected exports. now markets around the rest of the region were as you saw.