macro economic impact i think we're all sorts we're now joined by professor smiler from manchester business school thank you very much for joining us how will surging oil prices impact inflation well inflation was going up in certain countries like in the u.k. in the us as well we've got a big increase in oil prices definitely political instability and uncertainty will push oil prices i mean facial globally to a higher level but what happened to the so-called currency was have pipe oil prices and inflation put an end to them for now i think we have the american fred quantitative easing which which started the currency wars by putting pressure on. even brush and mobile and ought a bit between us and china. value but i don't think. it is one way or the currency wars because the. us was kind of blaming china for manipulating its currency and then the brazilians the bric countries said no it is the quantitative easing in the us. because of manipulation because by reducing interest rates through intervention money supply you can influence the currency rates as wrote so i think that was the sort of deba

of violence in libya further stocks on surges the on the markets professor to work from manchester business school says the wave of inflation caused by the world price hike will inevitably reach russia however not immediately. if the inflation continues to be. if it continues to increase then i would think becomes a lot i sure would feel the impact later on not immediately because initially the companies selling to russia will bad the cost of rising. oil prices by reducing the profits and they'll be you know competitive pressures as well so i think it will take a while least a year or so for the prices. of important goods and services korean up. but have a look at the markets now european markets gave back earlier gains to trade broadly flat on tuesday as losses for financial stocks and some oil companies offset gains for the mining on a sectors earlier miners and auto stocks were leading on a foot seawall banking giant. h.s.b.c. holding is again bucking up the upward trend on the front seat losing two point four percent was downgraded to neutral from buy u.b.s. following monday's disappointing re

continue to strengthen pushing inflation risks up first it is true that there took from manchester business school says the wave of inflation caused by the oil price hike will inevitably reach russia however not immediately. if the inflation continues to be. conclusively increase then i would think it comes a lot russia would feel bit. later on not immediately because initially the congolese selling pressure will bear the cost of rising. oil prices by reducing the profits and they'll be no competitive pressures as well so i think it will take a while least a year or so for the prices. of imported goods and services. are cyclical bull markets you've been markets gave back early gains that are trading in the in the in the red losses for financial stocks and some oil companies offset gains for the mining and auto sectors banking giant ages b.c. holding is putting the upward trend on the four c. losing two point four percent it was downgraded to neutral from buy at u.b.s. following monday's disappointing results. and the russian markets are trading lower the close will be obvious trading just a notch

all prices continue to strengthen pushing inflationary risks up the first ever tour from manchester business school says the wave of inflation caused by the oil price hike well inevitably will to us however not immediately. if the inflation continues to be. if it continues to increase there i would think a consulate russia would feel the imperative later on not immediately because initially the companies selling to russia will bear the cost of rising. oil prices by reducing their profits and they'll be competitive pressures as well so i think it will take a while least a year or so for the prices. of important goods and services going up and the high court of london has rejected tellen or sue to perspire on a vehicle can share holders needing to approve the deal to purchase at least when telecom and so were two thousand and ten then go come sign the deal with wind owned by egyptian billionaire and i.g.f. so various have it create the world's first largest mobile operator vice of scriber however norway's tell an oil of mental concho holder said it would vote against the deal arguing that the merger