04/01/2013 World Business Report

billion. Does a deal it is latest financial news in world

business abroad. Thank you for joining us. Has the

physical Cliff derailed America's jobs market? Payroll figures may

confirm that the country is still on track for now.

Asian stock market's retreat as enthusiasm fades over the last

minute deal and the possibility that the Federal Reserve may change

policy. Japanese stocks have soared. Plus, don't worry about a hard

landing. We hear why many parts of the Chinese economy will continue

to boom. As Washington's battle over tax and

spending deterred US employers from hiring any staff? That is the key

question for financial markets this Friday. America is releasing

official payroll figures for December. Barely figures suggest

the recovery is still on track, despite the problems. 150,000 new

jobs for December is not enough to bring the rate any lower than 7.7 %

but it does paint a picture of an economy that is slowly healing.

More than 12 million Americans work in retail jobs. The nervous

applicants hoped to join them. public relations work. Is it your

first job in the till? No. I have fought for many fashion shops. I do

a lot of retail workforce stop retailers to, lots of staff over

the holidays. They have not stopped looking at American apparel. They

are holding an open call to find new employees. This has been a

difficult holiday season. We have hired a lot of seasonal workers. We

are expanding into January for all of our stories. The motion to

reconsider his Adelaide and the table. Would this mood of optimism

and hiding last? Many Americans will see tax increases because a

cut in payroll tax was not renewed. We will see some austerity kick in

this year. Tax rates go up because of the payroll tax that has gone

away. Markets have increased. It January will begin. As a result,

consumers spending will soften. That could have a knock-on effect

on the pace of jobs growth. The jobs picture is improving. American

employers are cautiously hiring. There is still more work to be done.

It would be a long time before the world's largest economy returns to

the employment levels enjoyed before the great recession.

Let's get more with the head of foreign exchange strategy from an

thoughts on what you are expecting from this. We are expecting jobs

growth this month. We are expecting something around the 160,000 mark.

Above the original estimates. Markets expect the number to be a

little bit higher. Things look a little bit stronger. Does that mean

that employers weren't necessarily put off by all but wrangling that

has been going on? Some employers would have been put off by concerns.

There are some changes which are coming in. There are some headwinds

going for it. The other point is the US labour market needs

something in the region of 150,000 jobs every month to stand still.

That, in effect, is probably what we will see. We need to see much

faster job creation. That is if we want to reach the target Foster up

we have had these minutes soured within the last 12 hours or so,

suggesting some kind of divided opinion about what their strategy

should be going forward in terms of supporting the economy and whether

they should keep buying bonds there. If they get a good job report, does

that mean we might see an earlier move? We are still getting away

from the target levels that are being looked at. More than one

percentage point away. We would need to see a substantial

improvement in the labour market in the next quarter or so to get near

that level. The Federal Reserve is concerned about the state off the

buying one the balance sheet. It keeps getting larger. We still have

some way to go until we see it. The leader of the Federal Reserve is

very sure to make sure he does what is possible. Thank you very much.

Let's go to Asia. That news from the US is still having an impact on

the market. Rico Hizon is in the positive start on the Tokyo stock

market to a. That is right. The only bright spot

today on the original stock markets. At this point, most of them are all

in negative territory. Enthusiasm is fading over this last minute but

the deal. The Federal Reserve are showing concern about this policy.

Investors are cautious about the job applaud. Japan's stock index is

soaring on its first trading day. A weaker Yen against the US dollar.

It is jumping by about to present to its highest level since March

2011. The losses are minimal around the region. Recent data showing up

in the services sector. On they are expanding in December. This has

bright in the outlook for global economic growth in the first

quarter of 2013. Thank you for that. Despite recent

signs that growth is picking up, many investors are worried. There

is the risk of a hard landing. We spoke to a veteran investor in

Singapore. According to him, and many areas of the economy in China

will be a much this year. It is just a matter of picking the right

one. Yes, people would be unhappy when things slowdown.

Some people are badly affected. Some parts of the Chinese economy

are going to boom. Read the five- year plan. There are new materials.

Alternative energy. We are pumping a lot of money in. Most parts of

the economy will not know or care. They are doing so well. They are

making so much money. Some parts of China Bills slowdown and other

parts will be in. If we don't see any improvement in terms of supply

and demand for food, there will be problems. What type of Agriculture

will Mehta did you recommend? best thing to-do is to become a

farmer. We have shortages of everything developing now. If you

want to become a former, open a restaurant. Open a form. Farming

will be an exciting business. Somes. Some people will suffer. If that does

not happen, they will not have any freedom at any price. In Japan, we

are running a to farmers. Many of them are ag them are agtudy

agriculture. Old people are dying out. Young people are doing other

things. We will not have any food at any price unless prices go

Are Are the best times for commodities

over? No. C over? No. Cgo higher. Thr higher. Thristory, the way

they should protect yourself is to own your own assets. That is what

is going to happen. If things go bad, and they're going to print