Tohello, welcome countdown. A warm welcome. Lets start with mario draghi. He disappointed the markets. European stocks close lower as the president failed to set a target for how far he is willing to go to revise the economy. We will be watching the u. S. Jobs report. Analysts estimate a sharp rebound for september. Christine lagarde told bloomberg we are facing serious clouds on the horizon. We will looking in depth at some of those clouds and a couple of minutes. Lets start with what is happening in hong kong, though. A week of democracy protest has had consequences. The markets slumped on its return from its twoday holiday. The demonstrations took the shine off gold. Lets check the atmosphere on the street. Our reporter joins us now from hong kong. So, paint a picture for us. Business is back after the holiday. How much is it business as usual and how much has it been a real disruption . Im standing on the bridge connecting a passenger ferry to a major Shopping Mall in central hong
To what is happening in japan in terms of its central bank. Stocks pushed a little bit lower as the inflation forecast was cut from 1 . Still so far from that 2 target. Very difficult for kuroda to achieve. Tumbling oil prices not helping. We are seeing a bit of a move in terms of stimulus. Were not seeing added similars which is why it is trading lower. Shanghai composite. Look at that. Of almost 5 , rebounding from that up almost 5 , rebounding from that sudden slump on monday. Coming down on brokerages who are letting unqualified investors to get in on the chinese action. We are seeing a recovery. Shanghai trading higher. Gold trading higher today. Anticipation the ecb will move. Lets look at oil. We were just talking about it. It bit of a rebound, of 1. 2 . Lets have a look at hp billiton. It is also one of the biggest investors in u. S. Shale. Shell has been driving down power prices. It will be cutting the number of rakes out in the u. S. By 40 . We are seeing that retraction in