Dollar yen. Weakness in the japanese currency. 0 of 1 . We dont see reaction from japanese equity market. It really looks like we are going to the other major currencies. The equity session looks like this. Most stocks are on the way out. Weakness, some of these oil prices in hong kong, we are about a 10th of 1 . Everything else, with the exception of these mining stocks, have a look at this. Were down by this much. Going into without detail, there you go, basic resources, mining stock is about 2 lower. Look at the space metals. Koppers at 4500. 4500. R is at nicholas at a 12 year low. Given some of the cuts when it comes to china. We are higher by most metrics. That really comes down to the growth. Back to you. Rishad hardly surprised to see the, these are weak. Venezuela says that it could go down a lot more. Then, what is really the deciding factor when it comes to oil today . Ben you seen it across the board. Commodities are down. That is largely because of the dollar. The dollar i
And new rules on inversion do not appear to be interfering with pfizer. It is working on an acquisition that could allow to move overseas. Pfizer has been holding talks in ireland. And share the world megascotland u. S. A city or he began trading today. Citizens Financial Group raise to 3 billion in an ipo. Range the shares are priced below the marketed range. And president obama embracing the role as world leader from islamic militants to Climate Change here in the u. S. By chief were joined washington correspondent peter cook in washington. Ter, on the agenda is highlights. He will speak in front of the uns General Assembly, that message according to a white house official. Talking about a broad vision of u. S. Leadership, specifically how all of these major challenges in the world, whether it is the situation with the Islamic States, ebola, the crisis in ukraine, Climate Change, all of these issues are requiring u. S. Leadership. He will make the case the u. S. Is stepping up and th
John dawson is having a look at what is going on for the nikkei. What is really driving sentiment . We are seeing one of the biggest gainers driving that. Looking for direction from the fed with regards to quantitative easing. Central banks really directing the money. Taiwan, malaysia, you see both waiting to open. We are also watching for the opening of hong kong. Very important, the stock story of the day is li kashings empire. He goes back to the top of the rich list. He is having chung ka holdings incorporated. This, prices on friday. Friday in the u. S. , when they open today, we will be following this. These stocks will rise. Not my words, the investors. Those are the three stocks to follow. [indiscernible] opening for australia, it is really quite interesting. Financials, tech, consumer goods, all rise. Overall, that is the impact today on australia. Clearly, the chinese open and also the hong kong story. Thanks for that. We are watching this with zeb at the moment. Li kashings
, china falling for the same reason. Japan is closed today for comingofage day in japan. Markets closed, reopening tomorrow. Quickly, look at the key markets, the story there on this li kashing story. Cheung kong is up by 40. 5 right now. Was up by 80 14. 5 , was up 18 . Those two are flying high on that story. More details later on in the show. More details also on what is going on in china with our interview with the chairman of ubs. We were talking about europe at the end of the last just before the last break. Lets pick up on that. You were talking about the asset purchase program. One of the consequences of it would be a cheaper euro. How much do you think that will help . It has already helped. You can see that the mere discussion around having such a program has already helped the euro come down from a 1. 40 to a 1. 18. We are likely seeing further depreciation of the euro, around 1. 10 is my guess. That has helped the european economy. It helps all the european economies. Any t
Euro zone, where they stake their claim to rapid expansion on the continent. Hello. Welcome to countdown. I am mark barton. And i am an edwards. And i am manus cranny. 6 30 here in london, a guest will join us. And we have a chinese theme. It has been a torrid day, the shanghai composite falling by more than 6 today, and the reason is the suspension of three firms. They are controlling margin investing due to a concern that a recent stern show search in stock prices could have a negative effect. Cutting back on the brokerages is their money. That is right. They are trying to curb people from buying into this rally this ultra bull rally, and it was up 60 last year until todays fall. We are talking 290 billion dollars of market cap has just been wiped out in just one day not a great day in the shanghai composite. It is the steepest drop, the most in five years again after the three biggest brokerages were stopped from adding more margin trading accounts, and they were suspended for three