:00:08. > :00:09.Those are the latest headlines from BBC News.
:00:10. > :00:11.Now for the latest financial news with Sally
:00:12. > :00:21.The stock market is set to open as usual and businesses prove
:00:22. > :00:30.resilient but safe havens like gold and the Japanese yen gain ground.
:00:31. > :00:32.Japan falls back into recession for the second time since
:00:33. > :00:49.France is trying to return to some sort of normality after the attacks
:00:50. > :00:53.The stock market will open as usual this morning
:00:54. > :01:06.and there is expected to be a big drop at the open but most analysts
:01:07. > :01:09.agree that knee jerk reaction will be short lived and a prolonged
:01:10. > :01:13.Public transport should be running as normal today in France,
:01:14. > :01:17.Museums and some other attractions will also open as usual,
:01:18. > :01:19.but more vulnerable sites, such as the Eiffel tower will remain closed,
:01:20. > :01:35.as will Disneyland Paris, which will remain closed until Wednesday.
:01:36. > :01:37.To talk us through the long-term effects on the French
:01:38. > :01:40.economy I'm joined by Yannick Naud, a London based French financial
:01:41. > :01:56.As we have just outlined, as much as possible, France is trying to have a
:01:57. > :02:01.normal week in terms of stock markets and business. It will be
:02:02. > :02:06.business as usual. The stock market will open as it always does. What we
:02:07. > :02:09.have seen from the markets in Asia is that the market is likely to be
:02:10. > :02:17.slightly down but nothing near what could have been estimated early in
:02:18. > :02:20.the weekend. All in all, we think that tourism and transportation
:02:21. > :02:27.should be the most affected in terms of the stock market, maybe luxury
:02:28. > :02:34.and insurance as well but the impact will be small. In terms of the
:02:35. > :02:38.nature of this terrorist attack, it happened well after the markets
:02:39. > :02:44.closed across Europe on Friday, so the whole weekend has taken place
:02:45. > :02:50.and people are digesting what has happened. Why and what the outcome
:02:51. > :02:56.could be on the French economy. That helps, doesn't it? For it to be a
:02:57. > :03:02.more rational response? Exactly. If we consider what happened with the
:03:03. > :03:06.July seven bombings in London and the attacks in March of 2004, those
:03:07. > :03:13.attacks happened in market hours and we saw a sharp market fall in some
:03:14. > :03:17.kind of panic. This is a horrific event but it was after the markets
:03:18. > :03:22.closed and therefore, investors had plenty of time to see what would be
:03:23. > :03:32.rational in terms of investing in the French economy. All in all, the
:03:33. > :03:35.impact is quite small. It cannot be underestimated, also, the response
:03:36. > :03:41.on the part of those around the world, globally but also in France
:03:42. > :03:56.in terms of solidarity. Is anything, businesses are supported in these
:03:57. > :03:58.situations, aren't they -- if? Yes, we often see stronger consumer
:03:59. > :04:05.spending in some resilience when these things happen, because people
:04:06. > :04:12.don't want to be changing their way of life. They think that by spending
:04:13. > :04:19.a bit more, they will do their part for the economy. All in all, it is
:04:20. > :04:22.likely to be not a huge event for the long-term. And it could have
:04:23. > :04:27.been any capital city in Europe or anywhere in the world for that
:04:28. > :04:34.matter. This is a global risk, it is something that cannot be priced in
:04:35. > :04:38.or predicted, therefore it is just something that financial markets,
:04:39. > :04:44.globally, have to get used to. Yes, unfortunately terrorism can happen
:04:45. > :04:47.anywhere. As we have seen this weekend, some of the people were
:04:48. > :04:53.coming from Belgium or Germany, they could come from anywhere in Europe.
:04:54. > :04:58.There could be an industrial accident, these are things you
:04:59. > :05:06.cannot price out in advance. All in all, the impact is quite small.
:05:07. > :05:11.Thank you for coming in. In terms of reactions, markets in Asia opened
:05:12. > :05:14.lower because of what happened. The euro is at a six-month low at the
:05:15. > :05:20.moment against the US dollar and some shares in Asia like airline
:05:21. > :05:24.stocks, for example, are being affected. We will keep across the
:05:25. > :05:29.reaction as it happens in Europe as the day begins here later.
:05:30. > :05:33.Japan's economy slipped back into a technical recession.
:05:34. > :05:35.That's two consecutive quarters of negative economic growth
:05:36. > :05:38.after the economy shrank by almost 1% in the three months
:05:39. > :05:47.Mariko Oi is in our Asia Business Hub in Singapore.
:05:48. > :05:59.It would seem, Abenomics is not doing the trick, talk us through
:06:00. > :06:03.this news? That is definitely what critics of Shinzo Abe's very
:06:04. > :06:09.aggressive economic policies will be arguing after today's figures. The
:06:10. > :06:16.economy shrunk by 0.8% in the most recent quarter. In the previous
:06:17. > :06:19.quarter, it shrank by 0.7% which means two consecutive quarters of
:06:20. > :06:24.negative growth, meaning the economy is back in recession. This is the
:06:25. > :06:29.fourth recession since the global financial crisis and the first since
:06:30. > :06:32.the introduction of Abenomics, so a lot of debate over whether there
:06:33. > :06:40.will be any more stimulus to boost the economy or whether, as Shinzo
:06:41. > :06:45.Abe's supporters would say, the effects would take longer to kick
:06:46. > :06:50.in. There are two main reasons for the contraction of the economy,
:06:51. > :06:54.first Lady, as we always keep talking about, China's slowing
:06:55. > :06:59.growth affects Japan's exporters but also spending by businesses shrunk
:07:00. > :07:04.despite those companies reporting record profits. They failed to pass
:07:05. > :07:09.that on to their employees by raising their wages and they are not
:07:10. > :07:13.really investing just yet. Consumer spending continues to pick up at
:07:14. > :07:19.least, even though the sales tax was raised at the end of the year, which
:07:20. > :07:21.initially affected spending power. Super. Thank you for that news
:07:22. > :07:24.coming out of Japan. If you want to launch a product,
:07:25. > :07:27.start a business, The bank, perhaps,
:07:28. > :07:31.the three F's family friends and fools, if you're lucky or you could
:07:32. > :07:34.ask the whole world to fund it. One of the places to do that is
:07:35. > :07:37.Crowdfunding service Kickstarter. Since its launch in 2009 it's taken
:07:38. > :07:40.payment from 7.8 million backers for projects and it recently passed
:07:41. > :07:43.$2 billion worth of pledges. One of the co-founders is
:07:44. > :07:45.Yancey Strickler and he spoke to the BBC as part of our CEO secrets
:07:46. > :08:06.season about what he'd learnt. Creativity and integrity are
:08:07. > :08:10.everything. It is important to approach each problem and each
:08:11. > :08:13.question and thinking very broadly about all the possibilities and to
:08:14. > :08:21.pursue a solution that you feel proud of, that you feel is right and
:08:22. > :08:25.morally correct. If you take shortcuts, if you tried to do things
:08:26. > :08:29.the wrong way, there is a serious price to pay. You always need to act
:08:30. > :08:31.in a way of which you will be proud. If you do that, I think only the
:08:32. > :08:34.best things can happen. In other news: Africa's biggest
:08:35. > :08:35.mobile company, MTN has until today to pay
:08:36. > :08:38.a $5.2 billion fine from Nigeria. The fine amounts to double MTN's
:08:39. > :08:41.profit last year and was for failing to cut
:08:42. > :08:43.off unregistered mobile users. The boss
:08:44. > :08:45.of the company resigned last week saying it was "in the interest of
:08:46. > :08:48.the company and its shareholders". The company is
:08:49. > :09:04.in talks to reduce the fine. Let's show you how trading is going
:09:05. > :09:10.at the moment. As we mentioned, Asia has some reaction to those events in
:09:11. > :09:17.Paris on Friday. Losses across the board. This is the euro trading
:09:18. > :09:26.versus the dollar and the pound, other currencies, some airline
:09:27. > :09:28.stocks are having a tough time at the moment in anticipation that this
:09:29. > :09:31.will deter people from travelling to Europe from Asia. That is all from
:09:32. > :09:40.us, I will see you soon. The government is to announce new
:09:41. > :09:42.funding for the security agencies MI5, MI6
:09:43. > :09:46.and GCHQ in next week's Strategic