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
Over to tokyo. Sherry and is live. How bad the numbers were . Rish, it was quite surprising to see that revised gdp data out of japan today. The gdp shrinking an annualized 1. 9 and the third quarter. More than the initial breeding off contraction of 1. 6 first it. It was quite unexpected. Gave a the 24 economists figure that low. We had expected gdp data to be revised upwards. This figure showing the japanese economy is in a much deeper recession than originally thought. That will be a below to Prime Minister shinzo abe in the election season where we have less than a week to go to vote on sunday. Chari, lets discuss as he goes to the polls, he has a whole host of issues. Can you walk us through some of the key ones . Rish, a lot of Unfinished Business for the japanese Prime Minister. Three key issues. Lets get started with inflation, prices. Inflationary policies and not quite there. Rising only 0. 9 in october. When you strip the april sales tax hike. To carryay be forced out even m
They are rising for a fourth day. We are breaking past the 18th thousand 500 level for the first time in 16 years. 18,500 level for the first time in 16 years. The u. S. Dollar is falling giving investors another reason to hit the buy button. The euro, on the back of everything in greece, largely unchanged. A greek deal later. So, very quickly before crude oil and a price on that one. The last time i checked, above 50. Of . 12. Up . 12. Brent is also there we go. About . 15. 50. 37 a buys you a barrel. After dipping below 1200. Let me leave it fair for now. I will send it back to you. Let me leave it as therefore now. The greek government walks a new high wire over the next 24 hours. Privacy elect tsipras Prime Minister elect tsipras has come up with a new ideas. The one of the ongoing stories and has had a deadline all of month. The bailout program. Indeed. Monday, a pretty crucial one. It absolutely is. The clock is ticking. They try to formulate and finalize this list of policies fo
Reports. Welcome to countdown. Manus coming up, i sit down with a veteran in the kipling suites at one of the most exclusive hotels in the heart of marburg. Mark breaking news from the mp of the biggest and in france, a surprise increase in firstquarter profits,. Net income rose to 1. 6 5 billion euros, up from 1. 4 billion. Bloomberg spoke to the cfo about the numbers. It stems from good performance in our specialized businesses. That coupled with positive jobs means our revenue is outpacing our cost. Lets not forget that it contributed to the acquisition last year. We were a leader in france, germany poland these contribute us well. The main thing is if you look at cip, they contributed to the Exchange Rate an increase of 13 , 15 . All stemming from business demand, both on high transactional volume and growth in europe. Do you foresee that this recovery is going to be sustainable . There has been a good demand this quarter, so businesses up and from a Strong Quarter last year i woul