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-- -- about one in Europe -- there have come down from five year highs.
As a decline in auto sales as European carmakers under pressure we've got red arrows there across the board and if you look at -- markets -- also closed lower polity -- on why.
Let's go to business reporter Jacqueline Maddux in Beijing -- -- Hi -- absolutely Asian markets retreated today of course if this is it headed for the sidelines as we await the outcome.
All the -- maybe get exactly what it remaining ten incidents.
-- -- timetable.
Wilson had some pretty disappointing while -- basement numbers he was on principles and it's negative sentiment.
Is that the Shanghai -- -- it closed at about two to -- which is its worst result in almost two months.
It was a bit of a different story -- -- was spotted shopping stationed there the market.
Finally ended up about one bit of it -- safe and that was because we -- pretty strong gains in the financial saved it as a multi bank and we'll bring hung -- Actually sold 40% of the staggering what -- -- say -- tight budget -- I now -- to Japan and the stop couple -- haven't shopped today the electronics -- -- -- six to say.
Until all of -- 400 feet.
-- et placement which would of course get the company's finances.
Back on track got to expect by eleven at that I hear about at and done -- -- trying to -- -- 6200.
Managed to hold onto -- five behind us Diane.
This is already got the -- from Beijing thanks Jack then.
And -- a closer look at the European markets -- Peter Dixon global equities economist at Commerce Bank.
Over London Peter mark it's a good day yesterday to -- today though investors are back on -- cautious side what happens if the Fed.
Does reduce bond purchases but not as much as expected.
Well I think that's the best possible outcome because.
Markets are expecting some form all of of -- so if the Fed and it was on the up front about certain non expectations.
But if they tape -- borrow less than anticipated basically says.
The Fed is taking -- -- stimulus and a -- to slow pace and in the markets attracted in and I think under those circumstances will get something of a balance.
And Peter car sales in the US have been pretty good this year but not so much in Europe August is another dire month what's happening there.
But I think it's quite obvious that -- the European markets are lacking US -- tens -- consumption.
A given the Stanley chief policies which have been put in place over the past two or three years -- you surprised that consumes a -- page and I think is interesting.
And put tonight's bank of Beimel bicycles and Al -- I think -- gonna take a while before that the European consumer recovers and certainly quite a bit longer I think before the big ticket items which is also get back and feet.
Aren't that's Peter Dixon over commerce bank and -- we appreciate it thanks.
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