and europe and also the rba rate cut. surprising move from the central bank helped the australian market end at a five month high. resources and banks enjoyed the rally. the aussie dollar on a one month low on the back of that decision. more companies announced profit warnings as concrete signs of a fwleb al slowdown, but shipping companies rebounded on some short covering.korea, the bok a it would for growth. but the kospi ended flat. losses in hyundai motor and samsung electronics ahead of its q3 earnings guidance. the company also officially added the iphone 5 in it patent battle. airlines rallied on expectations the u.s. visa waiver will boost air travel. we'll check in with the hong kong and india markets when they're back online tomorrow. >> okay, thanks very much indeed for that. let's show you where we stand just over an hour and a quarter into trade. just a little bit less for european stock markets. we are weighted to the down side. not by much. decliners outpacing advancers by a little bit less than 6:4. so fts

find out why the rba isn't sounding alarms just yet. >> plus uk inflation data right after this. >>> momentum in the banking sector and focus today on goldman sachs. >> roche third quarter revenue rises. ceo says his company's performance will not be affected by the outcome of the u.s. election. >>> iron ore producers forge ahead with ambitious output targets. they're banking on stronger chinese demand despite volatile prices. i can tell you cpi is up 0.4%. the annual rate 2.2% on the year. that's the lowest since november 2009. that is bank on the expectations, as well. core cpe running 2.1% on on the year. that's a little bit stronger than the forecast of 1.9. rbi 2.6% and that annual rate below since december 2009. >> september rpi up and a half a% on t a% on the month. so running a little hotter than the cpi, but never the less some of the lowest annual growth rates now since the recovery really. >> house price inflation a little bit slower. up 1.8% on the year in august versus july. so that number probably shouldn't be too much market reaction. peter, is that slowly easing the p

the rba decided on tuesday to lower the benchmark rate by 0.25 percentage points to 3.25% effective on wednesday. over the past five mos, it has cut the rate by a total of one percentage point. in a statement, governor glen stevens expressed concerns about the effects of austerity programs in europe and slower growth in china, which is australia's major iron ore importer. he said the country's labor market has softened somewhat and that its growth outlook for next year has become a little weaker. >>> the u.s. federal reserve chief says he'll keep pumping money into the economy. chairman ben bernanke says this round of quantitative easing will continue until he sees an improvement in the job situation. >> we would continue securities purchases and employ other policy tools until the outlook for the job market improves substantially in a context of price stability. >> bernanke said the country's economy is improving but not fast enough to reduce unemployment. fed officials decided last month on another round of quantitative easing. it involves purchases of additional mortgage-backed secu

let's talk about the rba where we have the rate cut beginning of this week. will that cut a bit of slack in the retail space as consumers have maybe a bit more money to spend? >> i don't so think. the exchange rate needs to come off a lot further yet for people to start feeling comfortable about the australian which i. we've seen the terms of trade in australia, kra fall quite substantially. and i think we'll see that fall a lot further as the chinese economy slows and commodity prices come off. what we want is the exchange rate to fall in con skrunjunctih that so we get relief in what have been the struggling parts of the australian economy that are suffering because of a high australian dollar. i think the reserve bank wants to see the exchange rate come down much further than we've seen so far and so does the rest of the australian economy. so i think 95, 94 would start providing some relief and that's where we'd like to see it. >> steve, thanks for that. still to come, despite stellar growth, malaysia's leader says the country still hasn't fully tapped it

and the rba set to announce minutes of its last policy meeting. >> and switzerland is taking some special precautions to deal with the eurozone fallout. the nation has launched a military exercise to respond to instability in europe and to test the speed at which its army can be dispatched. switzerland is not a member of the eu, though it is part of the free travel zone. for more on why the military is such a hot topic, head over to cnbc.com. of course this comes as the european union was awarded the nobel peace prize which some euro skeptics have called an april fool's joke. let us know what you think about that or anything else you've heard on the program, worldwide@cnbc.com, @cnbcwex or reach us individually. >> it is october. halloween approaches. still to come, nothing scarier on "worldwide exchange." trade links this week, we'll hear from the ceo of ecover about the challenges of going green. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks

fed meeting with an rba governor. back to you. >> thanks for that. >> wayne, your thoughts broadly speaking as we look at all the reform measures. will they succeed in making investors more comfortable with the nation's economy? >> i think they already have made investors more comfortable with the which i. whether they pan out and turn into more investment or not, we've already seen a raft of reforms. w4e when his appointment was mooted, stocks had a terrific rally. >> what from here will be important for investors when they think about catalysts for the next move higher? is it india specific, global growth? >> both. i think the environment for policy makers in india has become much more forgiving. i think better bernanke will try to ease their concerns about quantitative easing and inflation, but it will make investors much more interested. there's also been --quantitativ inflation, but it will make investors much more interested. there's also been --to ease the quantitative easing and inflation, but it will make inv

that's a little bit more complicated given that the slowdown in asia that we're seeing and in rba that's cutting rates. so it's only right that the aussie dollar is down. >> three point trade on the italian market, so you sell the 2023 paper, buy the 227 and sell the 2029. >> if they leave the euro, they have down side. my view now is that given the omts and what we're seeing, they're a buy. >> plenty more of course coming up throughout the day. meanwhile in britain, the chance lore george osbourne expected to announce further austerity measures in around 30 minutes. he's presenting his plan at the conservative party conference in birming hachl. beccy meehan has been there and she caught up with the chancellor and asked him if more austerity would impress the financial markets. >> they'll see a country tackling it problems head on. we're one of those western countries getting on top of our debt problems. we have a plan delivering very low interest rates for us at the market. so that is the proof that there is international confidence in our plan. but i'm saying we have to stick with the

ongoing concerns in spain, aussie dollar rebounded a little, but under pressure ahead of tomorrow's rba reading. benchmark ended just a touch higher helped by banks. steel maker rejected a $1 billion takeover offer from an asian consortium. elsewhere taiwan was dragged lower by apple supplier and glass and steel makers. over in japan, the nikkei fell to a new three week closing low. this after weak manufacturing sentiment and a couple companies announced profit warnings. south korean exports dropped for the third straight month. we'll watch how the markets react when they resume trading tomorrow. that's all from me. back to you. >> okay. thanks very much for that. now, an incredible sporting comeback, europe has won the ryder cup. i'm not sure what it is, but apparently we've done it rather well. europe was trailing by four points going into the final day, but they gained a half point needed to win the cup outright. right. let's move back to employment details. no more needs to be said about that. or maybe just a little bit. i actually have the employment data out. i was watching the pi

megyn: rba special interest group? >> in the electorate, yes, and we are treated that way.he thing is that obama made statements. after the last debate, i don't think those are the things that are moving women. megyn: you mean we are not solely defined by planned parenthood? >> actually, it is more than our hearts, to be honest. megyn: oh, goodness. >> the reason there has been this shift is because they have demonized romney. he actually hates women and there is a war on women. he came out and he was in this monster. women would like that and they would prefer to have someone who is strong and engaged. i think that last night he was just as aggressive. i think women actually find that attractive, even though people keep insisting that they don't. megyn: what do you think? >> last night we saw two alpha males are going each other. two scorpions in a bottle. what bothers me is the myth of the fragile woman. that somehow women don't want to see drink projected or if two candidates are up in each other's grails -- [talking over each other] i love you dearly, megyn, but i disag

the australian dollar still heading backwards after the rba. practice time is over. tonight, president obama and mitt romney get to do it for real. the men will meet face to face in the first of three presidential debates in denver, colorado, at 9:00 p.m. eastern, so set your clocks. the latest nbc "wall street journal" poll shows the president still holds a narrow 49-46% lead over romney. some 40% of voters say the country is moving in the right direction, versus 53% saying it's on the wrong track. nearly 60% believe the u.s. economy is recovering. so you can tune in to cnbc's debate coverage tonight starting at 8:00 p.m. eastern as we get you set up for the debate. >>> several top chinese banks have pulled a plug on a planned trip to tokyo. they were supposed to attend the imf's annual meetings next week. a small chinese company is up in arms with barack obama. rails corp is suing. the farms are located in oregon, in restricted air space used by the u.s. navy. they said the president acted unlawfully when he issued the order last friday. when geopolitical tensions