The worlds biggest economy. Also, the very latest on the markets. Bitcoin took a bit of a hammering overnight. Elsewhere, spanish stocks weighing down, banks leading the charge lower after separatists claimed the narrow victory. And well be getting the inside track with our Business Editor, simon jack. Taking a look back on a week in which the Oil Giant Shell faces major allegations of corruption. And, first we had the plastic bag charge, but how about the plastic bottle charge . Mps are calling for a introduction of a deposit scheme in an attempt to protect the seas from plastic pollution. What do you think . Just use the hashtag bbcbizlive. Hello, and welcome to business live. We start in the spanish region of catalonia, where separatists have won a crucial election victory in a poll that Prime Minister Mariano Rajoy had hoped would see off the crisis. Instead, it has made it worse, plunging one of europes biggest economies into further uncertainty. Catalonia is hugely important for
This is Bloomberg Markets asia. Lets have a look at whats been going on. There has been a steeping of the yield curve going on, more flattening taking place. What we have is perhaps an economic slowdown in prospect. Lets have a look at this chart. It goes back to 1986 and it tracks whats going on in the white line into the two to 10 year yield spread. That is indicated by this axis here. Just over 60 basis points between the two of them. The green line is where gdp is. This is inverted. You can the lowest number of growth here, 4 contraction. What happens next is that the yield curve perhaps sees more flattening. We see growth has been improving of late. What happens in the future . We have a strong correlation between the two of them. One of the head scratchers in terms of what we been looking at this year. We had off to christmas break and volatility has been settling going lower, that if we can hold on to the moment in what we are seeing for this rally, we are going to see the asiap
All right, this is a shock or block week. But thisa note that suggests that these markets are moving high. Becausehave good reason earnings have been so impressive so far, really big ones dominating the agenda this week. Ish, we are looking at crucial levels when it comes to stocks in hong kong. Rishaad absolutely, looking at what happened with these shares, these Chinese Companies trading in hong kong. We want to bring up gb tv 9440. Investors bid for these underperformers. This is a third of the companies on the hang seng. They are racking up fresh one year the biggest proportions says that 2014 stock bubble. We are seeing some of those cheap banks red hot. These fresh highs are being hit last week. That is what we had at the moment. H, in terms of the other things on the agenda, we have yellens swansong and watching what the fed does. We are just watching what happens as jay powell takes over. The pmi is expected to hold steady. Lets look at markets because we did have u. S. Stocks
Business and government voting is under way in south korea, but will new leadership make a difference this time . And, the wasteland. American Shopping Mauls are deserted and retailers are suffering, so what is President Trump planning to do about it . Welcome to World Business report. Im sally bundock. Also in the programme, Rico Willjoin us from singapore hes seen the latest International Monetary fund report on asian economies. But first, today, the people of south korea are voting for a new president. The election comes after the former head of state Park Geun Hye was removed from office as part of an Ongoing Investigation into corruption. The south korean economy bounced back strongly following the 2008 financial crisis, but in recent years, quarterly growth has struggled to break above 1 . The current frontrunner, moonjae in, has vowed to boost Government Spending and create over 800,000 newjobs in the public sector. His main rival Ahn Cheol Soo feels the government should be mor
Losers in europe, on the they are all up. Also in the programme, well get the inside track on a smartwatch that allows parents to keep tabs on their children. But is wearable tech really the solution to Parenting Problems or just a technology too far . Let us know. Just use the hashtag bbcbizlive. Welcome to the programme. Please get in touch with your views on that story about parenting, wearable technology, or anything else we are covering. South korea is just a few hours away from finding out who its next leader will be. The election comes after the former President Park geun hye was removed from office as part of an Ongoing Investigation into corruption. The countrys economy bounced back strongly following the 2008 financial crisis, but in recent years, quarterly growth has struggled to break above 1 . What are the president ial hopefuls offering to try to change the fortu nes offering to try to change the fortunes of south korea . The current frontrunner moon jae in has vowed to b