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to confirm prices are cooling. but with inflation still stubbornly high, policy makers here as in many other developed countries are not done raising interest rates. let s show you how investors reacted to that latest data which should other than expected data out of the united states. there are hopes and out of the country might avert a recession. you can see all of the main industries during better and banking share is also led wall street to close higher. banking shares also led wall street to close higher on thursday that s after recent health check showed the largest us banks have enough capital to weather a severe economic slump. in other news this morning sporting goods giant nike has reported its latest earnings for the fourth quarter. revenue came in at $12.8 billion dollars slightly higher than expected. this means nike has beaten revenue estimates for seven straight quarters. salesjumped in both its largest market north america and in china, following the eas ....
department is likely to confirm prices are calling. but with inflation still stubbornly high, policy makers here as in many other developed economies aren t done raising interest rates. michelle fleury reporting. let s quickly show you how markets reacted. investors hope there may be a chance the us economy could avoid falling into a recession so we saw a bit of a rally in all the main indices. let s show you how japan s all the main indices. let s show you howjapan s nikkei has started, down by almost i%, profit taking also happening as well. in other news, sporting goods giant nikkei has reported its latest earnings for the fourth quarter and revenue coming in at $12.8 billion. that s slightly higher than expected and it also means they have been revenue estimates for seven street orders, with sales jumping in both its modest market, north america, and in china following the easing of covid 19 restrictions. going to china were on about how authorities are expected to ....
i mean by that is the perception of china from outside, even those who have businesses here and have teams here, for whom china is a very important market and then the writ lived reality on the ground. that is due anywhere in the world but i think one of the world but i think one of the confusions during the pandemic period particular contributed to the gap. what they will find is and they will visit their own teams and factory floors and get an idea on what the outlook is but the truth is zero covid and some of the other challenges have really stomped on consumer investor confidence and it has beenin investor confidence and it has been in unbalanced so far so it isjust not been in unbalanced so far so it is just not the recovery people were hoping for even if it is not as grim as the more sensational headlines suggest. we just want to ask you because regulations in china have tightened. this is not good for a business environment, for anyone. a business environme ....
killed two children, happened in pakistan near the iranian border in the belochistan region. iran said it was targeting two bases linked to the group. in the early hours, they said that there was an explosion after an air attack that it blamed on iran. this would make pakistan the third country in a matter of days to be hit by an attack by iran after it s also hit syria and iraq. now, the explosion happened in a pakistani village is located in the border regions of pakistan and iran, and that an area known as belochistan. pakistan s largest but least populated region in the southwest of the country. earlier on, state media from iran said that the military had used drones and missiles to hit militant groups in the area. those reports were subsequently removed without explanation according to the news agency, ap. the group have said that they were targeting at the time, the newsagencies had said that they were targeting a militant group call which translates as army ofjus ....
regard, it s good news. but we need to put it in that context. 0bviously, china is facing a slowdown. what do you expect the government to do to try to boost the economy going forward? boost the economy going forward? ~ . ., forward? well, li keqiang made it very clear forward? well, li keqiang made it very clear that forward? well, li keqiang made it very clear that the forward? well, li keqiang made it very clear that the 5.2% - it very clear that the 5.2% growth was basically not by stimulus. as he said, china s good immune system. it is very clear that to reach anything similar, which i think is what the government is going to announce in the two sessions in march, they will need some stimulus. and we are already seeing additional issues for local governments and expectations of a cut in the ratio and monetary policy and stimulus, etc. some stimulus will come, but it will be limited. just to barely make it to 5% and possibly maybe even slightly below 5% next y ....