european stock markets a shot in the arm. take a look at the dax up 2%. in uk, latest rate-setting meeting out this morning voted 6-3 in april for keeping rates on hold. we still have consistent concern about bailout members like portugal, greece and i ladder after greece raised $2 billion on the bond market yesterday. nina, here in the asia-pacific region we ve had a pretty nice bounceback after tuesday s selloff. nikkei saw some gains, mainly in the tech sector. property stocks lifted. the hang seng here in hong kong. in sydney it was really resource tocks and gold and copper that lifted by more than 1.3 and gold testing highs of $1500 an ounce. that s all for world business
lily and i are back on the road again. where we belong. with zyrtec®, i can love the air®. we get our first look how the earthquake in japan affected that country s already unstable economy. nikkei saw substantial losses 6.2% on the first business day since the earthquake. that s the lowest seen in four months. what s the ripple effect on the world economy? cnbc senior economics reporter steve liesman joins us now. tell us how this is affecting the world market. if the first instance rippling across to the u.s. stock market. a lot of concern over how all this shakes out. obviously every economist is thinking about the human tragedy and then thinking wlar the knock-on effects. for example, what is japan s place in the global supply chain, the way we re all linked