posted at 23:50
Author Name: Mike Bird
European Markets Open Dec 4 2014
REUTERS/Eric Vidal Everyone's waiting on ECB president Mario Draghi, whose press conference begins at 1:30 p.m. GMT.Good morning! Here are the major stories you need to hear about before markets open in London and Paris. At 12.45 p.m. GMT, the latest decisions from the ECB will be announced, followed 45 minutes later by an hour-long press conference with Mario Draghi. Analysts are expecting more dovish noises but less firm action from Frankfurt. Asian Markets Are Up. Japan's Nikkei closed 0.94% higher on Thursday, and Hong Kong's Hang Seng is currently climbing, up 1.39% from Wednesday's close. Dimon added that Chinese authorities "Can macro-manage and they can meet their short-term growth objectives, which is good for everybody else," according to Bloomberg. Pilots of Hong Kong flag carrier Cathay Pacific were due to start work-to-rule action Thursday after long-running pay talks broke down, raising the prospect of delays and cancellations in the run-up to Christmas. Japanese telecoms firm SoftBank Corp has pumped in $250 million to become the top investor in Southeast Asian mobile taxi-booking application GrabTaxi, its biggest investment in a Southeast Asian Internet firm. The $300 billion fund is getting a new chief, according to the Financial Times.

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