Paper used to be Good Business but off the china stop accepting trash from the west companies in europe are feeling the heat. This is you have your business im going to come after the massive beating markets took worldwide on monday stocks on the asian exchanges started to creep back towards recovery on tuesday saying it gained almost 2 percent israelian stock index a. S. X. Also regained some ground japans nikkei struggled all day to climb out of the criteria but was finally in plus territory by the end of the trading day and all prices which went down to 31 dollars per barrel on monday the lowest value since the gulf war in 1901 regained almost 7 percent. So lets go straight over to taipei where were talking to from our office there what what drove that recovery. Well asian markets. Frayed we lost a line that taipei threaten to restart was the connection a bit later in the show. But we can see to the next stop it today marks the 1st anniversary off the crash of these European Airline
Markets followed suit both germanys dax and londons footsie making nice gains today the italian stock exchanges well looking somewhat better but italy has announced the equivalent of a nation wide lockdown to talk more about that chelsea de laney is standing by for us in frankfurt. Tell us about the effects then on the eurozone considering whats happening to the euro zones 3rd biggest economy. Well for italy this a lot of economists say this basically guarantees a recession expectations for italys g. D. P. This year were basically flat there was expected to be no growth and these containment measures are going to have a Significant Impact on the economy what the government has said so far is that people can still go to work if they need to Public Transit is still open in some cities but this is obviously going to head you know travel tourism retail all sorts of industries and it could certainly push italy. Into recession but what this means for the broader eurozone is really going to b
Announced the equivalent of a nation wide lockdown to talk more about that chelsea de laney is then by force in frankfurt. Tell us about the effects then on the eurozone considering whats happening to the euro zones 3rd biggest economy. Well for italy this a lot of economists say this basically guarantees a recession expectations for italys t. T. P. This year were basically flat there was expected to be no growth and these containment measures are going to have a Significant Impact on the economy what the government has said so far is that people can still go to work if they need to Public Transit is still open in some cities but this is obviously going to head you know travel tourism retail all sorts of industries and it could certainly push italy into recession but what this means for the broader euro zone is really going to be determined by what happens to other euro zone countries and in terms. Spread of the virus germany for example is also dealing with the surge of corona virus c
Markets followed suit both germanys dax and londons footsie making nice gains today the italian stock exchanges well looking somewhat better but italy has announced the equivalent of a nation wide lockdown to talk more about that chelsea de laney is standing by for us in frankfurt. Tell us about the effects then on the eurozone considering whats happening to the euro zones 3rd biggest economy. Well for italy this a lot of economists say this basically guarantees a recession expectations for italys t. T. P. This year were basically flat there was expected to be no growth and these containment measures are going to have a Significant Impact on the economy what the government has said so far is that people can still go to work if they need to Public Transit is still open in some cities but this is obviously going to head you know travel tourism retail all sorts of industries and it could certainly push italy. The recession but what this means for the broader eurozone is really going to be
Gather for a Memorial Service at the site of the crash a tragedy compounded by what the victims relatives describe as being way too little compensation. Im chris cuomo welcome to the program around the globe investors are still wary after mondays shock trading session the coronavirus and the steep drop in Oil Prices Remain big concerns for the market prices are up by around 8 percent with russia now not excluding negotiations with other Oil Producers over virus lead production cuts due to lower demand european markets struggled with germanys dax londons for t. N. The Lands Exchange losing ground as europe tries to prevent a further spread of the wires not in new york and bester is focused on President Trump who promised major steps to cushion the Economic Impact of the virus that helped to propel the Dow Jones Industrial average it gained nearly 5 percent recovering some of mondays that earlier i asked our wall street correspondent what sort of stimulus package was on the table. Well r