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in fact, all three main indices there down fairly sharply. looking ahead to what s going to be driving the markets this week, there s another big batch of earnings. we have sony out, exxonmobil and costco among the big hitters. let s take a quick look at what s going on in the week ahead. on monday, obviously, this is when the u.s. president is due to touch down in ireland. he touches down on monday morning. barack obama on a five-day trip to europe which will wrap up after the g8 sum knit france. that starts on thursday. now, this wednesday we ll be getting numbers on japan s trade balance for april. economists expect the deficit to have grown after exports dwindled following the earthquake and tsunami in march. the bank of japan is releasing its monthly report. on thursday, we first ever all have sony due to report fourth quarter and full-year earnings. sony s share price has fallen more than 20% last month after
hit. the president of yemen s refused to sign a deal with opposition leaders to step down. the agreement had been brokered by make states. the ministers failed to convince fail the president. barack obama arrives in ireland today at the start of his visit to europe. as part of his trip he s going to visit the home of his great great great grandfather. i m zain vergee in london. world business today starts now. good afternoon from cnn hong kong, i m andrew stevens. and a very good morning to you from cnn london, i m nina dos santos and this is world business today. from sink ronrow nized swim, the imf hangs out the hiring sign. and a world business today today exclusive, the mwe have t internal e-mail. another huge plume of volcanic ash shuts down iceland s air space is spreading towards the united kingdom. before all that we have a sell-off going on in the markets. asian shares down heavily. we ll have those numbers in just a moment s time. let s begin with