10 Things You Need To Know Before European Markets Open
The Takata Airbag Recall Issue Just Got Much Worse. The government announced Tuesday that it's calling for a nationwide recall of millions of cars due to potentially faulty airbags produced by auto parts giant Takata corporation. As many as 16.8 million cars around the world are reportedly affected by the recall.
Hong Kong Protesters Tried To Break Into The Parliament Building. Hong Kong police clashed with pro-democracy demonstrators Wednesday after a small group attempted to break into the city's legislature.
Repsol Is Searching For Oil Off The Canary Islands. Spanish energy firm Repsol began searching for oil Tuesday in the waters off the Canary Islands, a top holiday destination, despite objections from environmentalists and the local government.
Rebels At The Bank Of Japan Have Changed Their Minds. The central bank's board voted 8-1 to keep stimulus at its current level, after a much closer 5-4 vote at the previous meeting, according to the Financial Times.
Asian Markets Are Down A Little. Japan's Nikkei ended down 0.32% and Hong Kong's Hang Seng is currently trading down 0.55%.
The Shanghai-Hong Kong Stock Exchange Link Has Slowed To A Trickle. Purchases of mainland Chinese stocks have dropped to just a tenth of what they were on Monday, leading some analysts to call the link-up a "ghost train" according to Bloomberg.
Central Bank Minutes Are Coming. Minutes from both the Bank of England and Fed are out at 9.30 a.m. GMT and 7 p.m. GMT respectively. Figures on the euro area's construction output in September will also be released at 10 a.m. GMT, giving some idea of the European economy's strength.
BNP Paribas Might Face An Insider Trading Probe. According to sources who spoke to the Financial Times, French prosecutors have started a preliminary prosecution against the bank.
An Indian Court Found In Favour Of Shell In A $1.4 Billion (£870 Million) Case. The ruling is being seen as a win for pro-business prime minister Narendra Modi in his pursuit of a more corporate-friendly economy.