exactly ahead of a key european union summit has given way to optimism over the chinese economy japan's nikkei finished in the red though banking stocks are lifting the hang sang bank of china up point seven percent and agricultural bank of china gaining one point three percent many european stocks are higher footsie in the dax are up over nearly point three percent investors are on the sidelines ahead of an eagerly awaited summit of the euro zone leaders in brussels this evening shares of merck rallied three and a half percent after the drug maker records tong for the earnings and milk is among the gainers with shares growing two and a half percent ahead of the mobile phone makers world event due to begin in london on wednesday. now in russia markets again in this hour with the my six point three percent however the trading volumes remain low as investors are waiting for this news from europe let's take a look at some individual samples on the line six all majors are on the rise supported by stronger crude oil up around point three percent shares of ross tell a call now are also gaining on news the company's buyback program could reach five hundred million dollars and ener

half percent and the hang sang of the over two percent banks take center stage in hong kong as some major lenders announced earnings late tuesday agricultural bank of china was up four percent after posting a forecast beating forty percent rise in third quarter net profit. but bank of china is losing two percent after its nine percent profit rise fell well below analyst projections olympos is climbing seventeen percent in tokyo after the firm's chairman resigned oil is rebounding from the biggest drop there's speculation the u.s. economy is recovering investors are waiting for a report that may show that the economy expanded at the fastest rate this year in the third quarter light sweet is trading at ninety two dollars a barrel brant is close to one hundred over one hundred ten dollars a barrel and russia stocks are climbing in morning trading session energy stocks among top gainers basic a look at some individual samples on the license this hour among the blue chips banks. positive news in europe spread bank is adding more than three percent stronger or that supporting energy majors probably would gazprom up around three percent and in other sectors mig

center stage in hong kong as some major lenders announce their own is late tuesday agricultural bank of china is up two percent after posting a forecast beating forty percent wise and third quarter net profit but bank of china is losing two percent after its nine percent profit rise fell below that was projections olympus is climbing seventeen percent and ok after the firm's chairman resigned. now here's europe where stocks are on news that eurozone leaders cleared a key hurdle in the resolution of europe's debt crisis they agreed to a fifty percent reduction in the value greek debt held by private investors the news broad german dax up three and a half percent of the footsie is over two percent and the black this hour and oil is rebounding from the biggest drop this month on speculation the u.s. economy is recovering investors are waiting for a report that may show the economy expanded at the fastest rate this year and third quarter light sweet is trading at ninety two dollars a barrel brant is that one hundred and ten dollars per barrel now russian stocks are climbing in morning trading ene

and the hang sang of a gain of one a half percent in hong kong banking stocks take center stage as a major lenders announced earnings late tuesday agricultural bank of china is up four percent up to posting a forecast reading forty percent rise in third quarter net. but bank of china is losing two percent after its nine percent profit rise fell below projections olympos is climbing seventy percent in tokyo after the firm's chairman of the site . paul is rebounding from the biggest drop in this month on speculation that the u.s. economy is recovering investors are waiting for a report that may show the economy expanded at the fastest rate this year in the third quarter light sweet is trading at ninety two dollars a barrel and brenda's close to one hundred ten dollars a barrel. at an hour ahead of the opening bell here in moscow the russian stocks ended wednesday session on a monthly highs however the trade was volumes remain low douglas from or else of capital expects that the positive market trend to continue and gives his advice on how to cash in. i would be moving money into russian banks you know which are all quite cheap they're all trading in. the no

hong kong banks take center stage some major lenders announced earnings late tuesday agricultural bank of china is up four percent after posting a forecast beating forty percent rise in the third quarter net profit but bank of china is losing two percent after its nine percent profit rise well below projections olympus is putting seventeen percent in tokyo out to the chairman has resigned. and two hours ahead of the opening bell here in moscow the russians dogs ended wednesday's session highs however the trading volumes remain low douglas from the capital expects a positive market trends to continue and gives his advisor how the cash cash and. but i would be moving money into russian banks you know which are all quite cheap they're all trading in outer was the no one times next year. which are quite cipro was gazprom also looks quite brilliant especially athol follows through with the sense that it might double its dividend payout the stock is cheap in any event you know and the benefit from on the strong room in a strong commodity prices then russell public transport we're going aleck fricken

center stage in hong kong as some major lenders announced earnings late tuesday i do cultural bank of china four percent up to posting a forecast even for forty percent rise in third quarter net profit bank of china is losing two percent after its nine percent profit rise well below its projections olympos upon seventy percent ok after the chairman resigns. oil is rebounding from the biggest drop this month on speculation the u.s. economy is recovering investors are waiting for a report that may show that the economy expanded at the fastest rate this year and the third quarter light suites is trading at nearly ninety two dollars a barrel and brant is close to one hundred ten dollars a barrel. here in russia stocks are climbing in morning trading session energy stocks are among the top again as with gazprom almost three percent at rest we have just about point seven percent both of us from where also capital expects the positive market trend to continue and care has a price on how we see moving money into russian banks in a word charo are quite cheap they're all trading at at or less than on

plan for europe financials are on the rise in the hong kong providing some support to the banks saying of china said it would allow provinces to issue debt and thus through and commercial bank of china is that a one and a half percent. the russian markets are also looking for direction they're mixed in this hour investors are cautious ahead of the weekend may as we already mentioned prove crucial for the market due to the summit on using that for the. french retailer or show is dishing out millions of dollars on new stores in russia the company is looking to significantly expand its retail network that's not the only one of its national chains like wal-mart are also eyeing the russian market but will show believes their only competition are local supermarkets we want to develop a store was all city with more than five hundred thousand people and we want to develop three four months of store osho i can market ocean city and national and go past of the group known to the six to ten stores you store every year to come through even the simplest bits of brigit within a one hundred fifty million doll

of the asian banks gaining. bank shares in hong kong also buoyed by some earnings reports. releasing q3 results before the market closed on wednesday. agricultural bank of china. 40% up on a year early and the stock reacting up by 6.5%. china civic up 41% on the year. but bank of china is a 9% profit rise which is well below the forecast. still the stock was up by 2.2%. so let's take a look at what it means for the bigger picture across the region. and it really was a big deal on the broader markets as a result of what happened in the eurozone. the nikkei up two. hong kong really powering ahead. it was after the afternoon session, for the afternoon session. the market up from 1.72, nearly 3.5%. shanghai lagging just about 0.3%. one other major market mover was olympus. its stock up by 23%. we'll have more on that a little bit later in the show, felicia. >> many of the talking heads in brussels were at pains to tell investors the eurozone deal will finally offer some stability in the marketplace. it seems investors are encouraged by the progress in belgium. in london, the ftse 100 up over 2%. the xetra dax up almost 3.5%. in paris, up 3.6%. the bank stocks hav

of the cooling chinese g.d.p. growth in the first quarter which is giving investors an excuse to take profit banks in hong kong are in for the cio industrial bank of china and china merchants bank shedding six bad six now percent respectively this but shares were well in negative territory even before the release of the data following losses overnight in the u.s. on fresh concerns surrounding europe's the crisis. and here's a picture in a rush extending the losses from monday to the r.t.s. myself down one point three one point four percent this politicizing the individual movers only myself energy majors are trading in the negative territory with ross they have more than one percent nobody is also down a percent the company is added to raise it first of dividends by one point seven times they would steal is better than the market as reports of the twelve percent increase in production and for. another news russian industrial output growth has slowed to its lowest place in two years the federal statistics service says rose three point nine percent in september year on year producer prices unexpectedly fell on lower demand weighed by concerns about global

of cooling chinese g.d.p. growth in the first quarter which is giving investors an excuse to take profit and saying is down four point two percent lower by banks industrial and commercial bank of china and china merchant's bank six and seven percent respectively at the close the shares were well in negative territory even before the release of the data following morse's overnight in the u.s. on fresh concerns surrounding europe's debt crisis finally as the picture in russia and losses are deepening the r.t. is down now two point two percent my six one and a half percent if you look at the main movers on the my sakes will see that it's mainly energy shares with rosneft declining one point seven percent on foreign oil prices also down point seven percent the company decided to raise first of dividends by one point seven times l m k is slightly better than the market support of a twelve percent increase in production in the third quarter. well not all stocks are shaky right now is a few tips on where to put your money from mark rubenstein at the metropole. and short term well i financials and consumer sectors and even though financial rallied quite a big consumer sector in fact didn't

hong kong with and saying is down four point two percent banks their industrial and commercial bank of china chinese merchants bank they're shedding six seven percent respectively this close but shares were well in negative territory up save even before the release of the data falling morse's overnight in the states and that's on fresh concerns surrounding europe's debt crisis the central topic. and here is what russia looks like it's still negative although we have seen some improvement m i six is now down just point is seven percent despite it being like around one and a half percent the previous hour the r.t.s. one half percent this is mainly due to still a drop in the world price energy majors therefore rosneft down one point seven percent. never turkey has improved its a performance is down just half a percent it's decided to raise first of dividends by one point seven percent for gas producer and steel plant and the m.k. has raised earlier gains it's now down. one half percent after a pause in a twelve percent increase in production to. russia's energy giant gazprom has resumed product

asia is rallying following a bullish session in the states banking shares soared in hong kong and south of china's state run central luigi an investment board shares in the country's so-called big four banks and this believe this could be an effort to stabilize the financial system bank of china is up nine percent china construction bridge with seven percent higher that's a. signal of the opening picture in russia and of the it's a mixed one the audience is up just a point two percent to my six down point two percent some markets are looking for some kind of direction after a very positive session on monday. and the russian bosses will be allowed to continue working during the two weeks and new year holidays from now on the decision is aimed at avoiding capital at the end of the year as well. trading mispronounces with global markets. the outlook for russian equities remains mixed best to rule a national capital believes it might be reasonable to start placing bets on europe's beginning to solve the crisis the market this week is going to be focusing on what merkel and sarkozy said at the weekend

but no reason to panic just yet banks in hong kong for the chill with the industrial commercial bank of china and china merchants bank shedding more than six percent each shares were well in negative territory even before the release of the data following losses overnight in the u.s. on fresh concerns surrounding europe's debt crisis. there's around thirty five minutes before the opening bell here in moscow what you're seeing right now is the closing picture for monday in russia the r.t.s. decline one half percent of my sixty two percent notably energy shares were down with rosneft in lukoil shedding two point one percent at the close and financials were not feeling better either one point six percent burbank two percent. so the russian markets reversed last week spratly but mark rubenstein from i've seen metropole expects them to get their gains back as soon as the updated euro zone rescue plan is revealed. twenty subpoenas a day release of some details of the. comprehensive plan. in the course of the week and more we hear all these details more chance the market will have to rally and expec

reason to panic banks in hong kong are however in for the chill with industrial and commercial bank of china and china merchants bank shutting six and six and a half percent respectively this hour but shares were well in negative territory even before the release of the data following the losses overnight in the u.s. and fresh concerns surrounding europe's debt crisis. this is the opening picture in a rush twenty seven minutes into trading the r t s m i six are continuing the moving streak from monday but that's after one of the best weeks new games in the one and a hard years. to russian markets indeed all reversing last week's rally but not rubenstein from the metropole expects them to get their gains back as soon as the updated euro zone rescue us from field. when she's to pay release of some details of the. comprehensive plan. in the course of the week and more we hear all these details more chance the market will have to rally and works because of that excess weight in the midst of reporting season and so we you know blog us companies are reporting every day and they'll be swinging the

investors an excuse to profit banks in hong kong are in for the chair with industrial and commercial bank of chinaand china merchants bank shutting six and seven percent respectively the sale but shares were well in the territory even before the release of those of call in losses overnight in the u.s. on fresh concerns surrounding europe's debt crisis. take a look at a rush and the picture here is also colored red r.t.s. is there one point three percent of my six point eight percent this is because of the drop in the oil price and therefore energy majors are trading in negative territory rosner losing two point three percent over tech quieted almost two percent there the company has decided to raise first hard evidence by one point seven times steel plant is still slightly better than the market if you could say that about a drop of half of percent it's reported a twelve percent increase in production in the first quarter. well not all stocks are shaky right now for a few tips on where the smart money is going mark rubenstein from i've seen that report is providing us with some ideas. and shorts a

forecasts and banks are leading the way down but of course it's take a look at asia now stocks they're also higher the close banks coming back up after a sharp drops on tuesday h.s.b.c. and bank of china up more than two percent in japan is a vision financial group mentions a bank some of the strongest performers of the session this is the picture in russia for my sex there has reversed from earlier losses and now it's up a quarter of a percent the r.t.s. is one point two percent higher second look at what is driving the markets most energy majors are gaining this new course. so is down point nine percent as kaliningrad anti-monopoly watchdog looks into price fixing at the company's local retail outlets burbank is holding up some of the main gain is in stock two point six percent it's up right now federal group company f.s.k. u.e.s. to raise the early gains it's down half a percent the company post enormous two fold increase in first half net profit but that's not really surprising this. well earlier this week investors were selling off or after disappointing u.s. and chinese states jacobson from saxo bank believes the volatility will stay for some time the market right now is paid in

of the axe. in asia stocks are also high after that report banks are coming up sharply drops on choose day with h.s.b.c. of more than two percent bank of china by the pretty much the same out in japan mitsubishi financial group and it should say bankers some of the strongest performers are up more than two percent. russian markets initially opened positive but they're losing their steam the r.t.s. is up point four percent of my success come down two point seven percent in the red sea so what's moving the mice legs energy mages are look. for direction also lukoil has been pretty much in the red zone all session long as killing grads and the monopoly watchdog looks into price fixing at the potential price fixing i should say at the company's local retail outlets suburban ank is among the biggest gains of three percent this sell federal grid company f s k u s is that just are not china itself or the company posted almost two fold increase in first net effect. only this week investors were selling off after poor u.s. and chinese states seen jacobsen from saxo bank believes the volatility will stay in for some time the market right now is betting

and bank of china up more than two percent in japan mitsubishi financial group and chins a bank of some of the strongest performers of the session this is the picture in russia the my sex there has reversed from earlier losses and now it's up a quarter of a percent the r.t.s. is one point two percent higher second look at what is driving the markets most energy majors are gaining this new course. is down point nine percent as kaliningrad anti-monopoly watchdog looks into price fixing up the company's local retail outlets as burbank is holding up some of the main game is in stock two point six percent it's up right now federal grant company f.s.k. u.e.s. to raise the early gains it's down half a percent the company post norma's two fold increase in first half net profit but that's not really surprising the stock. well earlier this week investors were selling off disappointing u.s. and chinese states up steam jacobson from saxo bank believes the volatility will stay for some time the market right now is betting that germany in the talks will side with the side of solidarity over disciplin

crisis banks are notably again is after bank of england and the european central bank announced easing measures h.s.b.c. holdings rallied four percent and bank of china climbed five point six percent in hong kong commodity related firms as well after search for oil futures in the compost and russian markets kick off in about an hour's time bourses bounce back on thursday following a sharp sell off in the previous sessions both the odds as in the mine as it were up more than four percent at the close investors were inspired by the european central bank introducing uniquity measures to support the banks it also announced a program to purchase coverage pongs but it's being seen as only a positive live with no sustain that. there's another nod towards the end game for greece and other countries survive survival in the eurozone saxo bank chief told r.t. that there are no sovereign debt solutions which members are prepared to stomach. we need to deal with the root problem which is that these guys do not have the ability to pay back at them they do not seem to have the you know the we're sure the ability to try to generate a balanced economy so how do you h

of the security targets in hong kong financials and resource stocks a leading the best sell off bank of china is down almost five percent aluminum compression of chinese losing moves and four and a half percent the solid exporters are under pressure in tokyo with so deep down in the six percent. and european stocks affording shopped on monday after the greek government stole the weekend that it blew miss its deficit targets this year just why austerity measures. can finally hit most of the markets have opened deeply in the red truck in overseas losses a report by emerging portfolio fund research says the phone is investing in rough and stocks it seemed cash flow almost tripled in one week away most of the sentiment arkansas' drinking global economy could hurt the country more spur juices plus take a look at some of individual share moves in the minus its energy may just autumn on the main retreat just here with both gospel and false nets losing over two and a half cent and financials also under pressure with the country's biggest lenders drop on more than three percent in the right. russians

for europe meanwhile financials are on the rise in hong kong after china said it would allow provinces to issue debt of the national bank of china is that in one hundred percent. this is the picture in russia the markets here too of mixed this is a which is ahead of the weekend which may prove crucial for the market due to the summit on the use of the problem right now the orders my six are actually down thirty percent russians appear more willing to spend cash despite the economic uncertainty it was just a service says retail trade rose around nine percent in september year on year and that's of course this places the crisis of two thousand and eight. it's also much quicker than the growth of salaries in the country will look at damage as the second consumption was promoted by a slowdown in food inflation high consumer lending and low unemployment another factor is the weakening ruble and the say internal demand may continue to rise but only till the end of the year as inflation is expected to pick up again. and also one thing growing a very rapidly in russia top managers salaries consulting firm hay group says last ye

is up two percent bank of china's two point three percent higher in japan mitsubishi financial group is a one point two percent black while it shouldn't say bank is one of the strongest performance it's three point four percent. this is the opening picture for the russian markets also been on a positive note with the r.t.s. some write up one and a half percent my six point four percent growth is supported by stronger prices as we're seeing right now and pretty much the only company which is trading in the negative zone is down point four percent because the kaliningrad monopoly authorities are looking into price fixing. from a nation's capital believes the market's eyes will focus on where america will be heading and also whether any surprises from. the data on the american c.p.i. will be pretty much important. if the headline inflation and the core inflation will be high and it will use the room for fair not for the easing of them wanted to report to see but i think that the major news which will be driving the market will begin from europe because they mean for usually and they are

of the security targets in hong kong financials a missile strikes are leading the best sell off bank of china has done almost five percent aluminum think gratian of chinese losers and through a half percent the solid exporters are under pressure interfere with so deep down in the six percent. treasure of the installed supporting shopping on monday after the greek government can only still do we can and that it will miss its deficit targets this year just while surging measures. can finally here in most of the markets have opened deeply in the red for the overseas losses a report by emerging portfolio fund research says the phones investing in russia stalled so it seemed cash flow almost tripled in one week brain like the sentiment arkansas' drinking global economy could hurt the country's morse produces let's take a look at some moving to digital sherm who's the most it's energy may just autumn on the main retreat just here with both gospel and course nothing losing over two and a half percent and financials also under pressure with countries because lenders drove drunk more than still a cent

game two percent bank of china two point three percent in japan mitsubishi financial group is one point two percent higher than the since a bank is one of the strongest performances up more than three percent. russian markets did indeed open and actually was as of late but the myself has now come back down just not chair over it's flat signal from the individual movers only nice examine the majors on the next. lukoil down one point one percent has kaliningrad sense even though he was still looks into wright's fixing on the company's local retail outlets burbank is among the top again as was shares are up almost three percent federal grant company f.s.k. u.e.s. is a notch to the company posted almost two fold increase in its first net profit. well ad indeed we did see the market's come down earlier this week and jacobsen from sex the bank believes the volatility will stay in for some time and the market right now is creating that germany in the talks will side with the side of solidarity over this is blamed for what all of it in my opinion is just more of what i call extend and pretend s

gain two percent bank of china two point three percent in japan mitsubishi financial group is one point two percent higher than this since a bank is one of the strongest performances up more than three percent. russian markets did indeed open initially brought as of late but the myself has now come back down just not char it's flat take a look at some of the individual movers on the mind's eye exam e.g. majors are mixed. lukoil down one point one percent as kaliningrad something nobody wants to looks into price fixing on the company's local retail outlets burbank is among the top gayness was shares up almost three percent federal grant company f.s.k. u.e.s. is a notch the company posted almost two fold increase in its first net profit. well the ad indeed we did see the market's come down earlier this week and steam jacobson from sexor bank believes the volatility will stay and for some time the market right now is creating germany in the world side with the side of solidarity over discipline but all of it in my opinion is just more of what i call extend and pretend you're extending buyi

will fall short of all stars or targets in hong kong financials and resell stuart's leaving the bank of china is down almost five cents that would mean incorporation of china is losing moving forward a half cents this our exporters are also under pressure to choke it was so need down almost six percent. and here in moscow less than an hour ahead of the opening bell both the arches and the license ended last week deep in the red that's one word is that the shrinking global economy could hurt the country's commodities produces and analysts believe it's still not the end of the trouble once in the market. we still don't know we still don't have any resolution over what's going to happen in europe and that's a big big issue for russia russian actors are particularly risky and investors won't buy that if they don't know what's going to happen in europe and if there's going to be defaults in europe and equally they won't buy russian actually if they don't know where the ore price is going to go to or so that we see the meeting and there will be some conjecture about whether he seriously willing per

banking shares soared in hong kong after china's state run central gugino investment bought shares in the country's big four banks and what alice believe could be an effort to stabilize the financial system bank of china is up nine percent china construction corp is seven percent. one half hours ahead of the opening bell in moscow russian markets closed in the black on monday with the r.t.s. ending up more than four percent my sex more than two percent. the outlook for russian equities remains mixed at best but the national capital believes it might be reasonable to start placing bets on europe beginning to solve its debt crisis the market this week is going to be focusing on what merkel and sarkozy said at the weekend in fact they promised a comprehensive package to underpin the banking sector in europe and as bad as what's been driving all the negative sentiment we've seen in the last several weeks some hope so we could see some kind of resolution to that i think will help to support the market valuations are extremely cheap i think right now you see you see some of russians trading in multiples that we've not seen for a very long time i think for the braai for those that it's in very much in

banking shares soared in hong kong after china's state run central. board shares in the country's so-called big four banks in one town this believe could be an effort to stabilize the financial system bank of china is up nine percent china construction corp a seven percent. less than one hour ahead of the opening bell in moscow the russian markets ended monday's session in the black john tears up more four percent my six two point two. and then leave the russian markets will be allowed to continue work during the two weeks new year holidays from now on the decision is aimed to avoid capital outflow at the end of the year as well as trading mis balances with global markets. the outlook for russian equities remains mixed at best for tuesday and roland nash from the capital believes it might be reasonable enough to start placing bets on europe beginning to solve this debt crisis now the market this week is going to be focusing on what merkel and sarkozy said at the weekend in fact they promised a comprehensive package to underpin the banking sector in europe and as that is what's been driving all the negative sentiment that we've seen in the last several weeks some hope that we could see some

getting one point seven percent banks of the main advances after the european measures were announced hong kong's heavyweight h.s.b.c. climbed three percent bank of china rose two and a half percent call makers are gaining as well in japan along with other exporters shares of honda motor climbed over three percent and your motor improved by two percent and here in russia markets have a good start as well that lies next up point eight percent in the first minutes of trading is the third day of gains for russian stocks that are heading for their strongest closing level since september eighth but peter weston for. an ad on an investment group says the sentiment could be short lived. but given that a lot of plans are sitting on cash we could see a little bit of a continuation of this rally i think it's very weak in term terms foundation the sort of optimism that we've seen on the back of what happened in europe i think is very fragile because now what people will be doing is looking ahead and basically asking yourself what are the countries come knocking on the door for and this kind of help that's what example and then we're back to the same agenda again

over one and a half percent banks of the main advances after the european measures were announced hong kong was heavyweight h.s.b.c. climbed three percent and bank of china rose two and a half percent as less than two hours ahead of the opening bell here in moscow the russian stocks closed strongly in the black all thursday with the r.t.s. more than four percent in the black investors were inspired by europe's recent efforts to resolve the debt crisis but peter weston from atoll investment group says the sentiment could be short lived. given that a lot of concerns are sitting on cash we could see a little bit of a continuation of this rally i think it's very weak into a foundation the sort of optimism that we've seen on the back of what happened in europe i think is very fragile because now what people would be doing is looking ahead and. basically asking yourself with other countries come knocking on the door for any kind of haircut for example and then we're back to the same agenda again there also as far as i understand a few issues regarding the facility increase that has not been decided yet so i don't think we're completely out of the woods but for

kong after china's state run central region investment bought shares in the country so-called big four banks and what analysts believe could be an effort to stabilize the financial system bank of china and china construction corp our top game is up more than seven percent the south. and this is the opening picture which they say one and a half hours into the trading session in russia the r.t.s. is down point eight percent my say. one point one percent stake correcting up to several consecutive sessions of growth we look at the individual schrader's world majors are among the main retreats is this our lukoil is down one a half percent banking stocks are also under pressure one point two percent down burbank is and that's after actually reporting a net profit for the first nine months more than doubled to eight billion dollars bucking the trend is metals nine and made sure it's not profit its core drupal in the first half of the year reaching half a billion dollars and therefore the stock is up one percent percent the size of. the russian markets there will be potentially allowed to continue work during the two weeks of new year holidays from now on the decision is voided camp s