02/12/2011 World Business Report

nuclear programme. Time now forme now fort money news.

Welcome. Markets await key US jobs data. Employers may have stepped up

hiring in November, raising hopes and their recovery.

In Asia, markets are mixed as investors look towards that key

data from the US. It is time to adapt ahead of year's

After a roller-coaster week in the eurozone crisis, the burghers of

global markets will be on the US this Friday, where they could be

more cause for cautious optimism about the world's biggest economy.

Official monthly employment figures could show US company stepping up

hiring in November, with estimates of around 120,000 new jobs. That

would add to expectations of stronger economic growth in the US.

After some of the manufacturing figures on Thursday. As we report,

America's batted jobs market has got a very long way to go.

This graphic designer is the new face of the US work out. He has a

Home Office and works temporary jobs, though he would buy something

for timed. It would be great if a temper job turned into full-time.

They will often call you for one week and that turns into two or

three. In the last couple of years, over half the new jobs in America

had been temporary positions. Those jobs today are not turning into

long-term employment. While in the US, we have always been known for a

very flexible labour market that the opposite in this recession

recovery. The labour market is improving, but it is improving it

extremely slowly and it is very patchy. American employers have

always been able to hire and fire y

holding back. The flexibility and mobility of American workers used

to make the US economy dynamic. Americans find it more difficult to

move unless temporary jobs become permanent. There has been a steady

decline in Americans relocating for work. This is made worse by today's

dismal housing market. This woman explains how it is not just about

housing. If I were to move to another city, I would almost more

likely have to have a car. That comes with insurance, gas, regular

maintenance. That is a huge expense. The US economy is looking a little

more like Europe. That is not good news for job seekers.

Ahead of those jobs figures, we have seen the equities markets are

looking over the bit cautious. We crossed to a house in a poll of us

for an update. -- to a Singapore office.

As you can imagine, investors are fairly sidelined. Markets are

relatively unchanged in places like Japan. Australia the anyone seeing

some solid gains. The jobs data from the US will provide big clues

on how well the US economy is performing. The US being announced

the biggest export markets for many Asian economies. As a result of

these gains, investors are prepared taking as a result. Investors are

waiting for Angela Merkel's speech to lawmakers and year's debt crisis.

They were to assess how the need to get an idea of how much

nervousness remains in the market. An initial offering free company

has been shelved due to weak market conditions. The announcement was

made by its biggest shareholder. Standard and Poor's ratings has cut

the ratings on five Australian banks. That is part of the broader

Let's move to the ever present eurozone crisis. More big speeches

and more big ideas on how to say the single currency. As you have

been hearing, Angela Merkel is expected to use an address to

parliament to call for closer economic ties between eurozone

nations and tougher enforcement of Budget rolls. Yesterday, Nicolas

Sarkozy told the people of France became been a common currency

without economic convergence. Similar sentiments from the ECB

chief, who appeared to lay down the gauntlet. Companies, markets and

the citizens of Europe expect policy makers to act decisively to

resolve the crisis. It is time to adapt. There needs to be said of

Those comments had been taken as progress towards a solution. We

enjoy it by how best. They really set the same thing. There needs to

be fiscal integration. But they coming a bit late to this idea?

Just a bit. We have had this problem for three years. Everybody

knows that the convergence, in terms of accepting the fiscal

policies, has not happened. You have to ask how on earth can a

country like Greece or Portugal, with tiny populations, at the same

political, fiscal and economic goals. The reason that the fiscal

integration, this idea that you would not necessarily have national

control over spending, is being raised now is because they could

not be raised earlier. They are well disciplined. They and 20

coming to fiscal agreements. Chris Guccione should never have been

allowed into it -- Greece should never have been allowed into the EU.

They are saying that if the policies need to be implemented,

they should not expect to have a leader. The people that have agreed

a discipline for which they are prepared to work too.

difficulty is one of these discussions are going on, the

crisis continues and the financial markets continue to trade. They do

not have time on their side. trouble is that people don't

believe it any more. When you hear people talking. Many banks are

saying they making contingency plans in case the euro falls apart.

What we have not at Dell is consensus. Until we have concerns

us, we will not move forward. are the chances that one or more

countries will be the eurozone by the end of next year? Very strong.

Other business news. There has been another Bofors Samsung against

Abottabad. Australia High Court has yet an injunction on the Samsung

Tabard. Apple can tend that the new tablet slavishly cubbies the

Samsung product. Scotch whisky records it aim higher

in the past nine months. Sales it almost �3 billion, up by a clot on

the same period last year. -- Let's take a brief look at the

market. As we were explaining earlier, there was a rigatoni in