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Marketplace All-in-One

Can fencing combat its elitist image?

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 2 August 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

From the BBC World Service: Fencing is currently having its moment on the Olympic stage in Paris and has been around since the very first modern, organized Olympics. And in the United Kingdom, one grassroots group is making fencing more accessible, investing in growing its popularity and helping Muslim women and girls access more organized sport. Also on today’s show Japan’s stocks tumble on concerns over the U.S. economy.

Transcript

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0:00.0

Japan stocks have hit historic low.

0:03.6

Life in the UK, this is the Marketplace Morning Report from the BBC World Service.

0:07.5

I'm Leanna Byrne and a very good morning to you.

0:10.0

Japanese stocks took a nose dive today falling by nearly 6% over fears about the strength of the US economy.

0:17.2

This follows Wall Street's plunge, as disappointing numbers on manufacturing and employment from the US

0:22.3

caused investors concerns.

0:24.0

The BBC Sir John Notwari has the details.

0:27.0

Japan's Niki closed down 5.81%.

0:30.0

It was the benchmark index's second biggest points drop in history and the largest fall in percentage terms since March 2020 at the start of the pandemic.

0:40.0

Hong Kong's Hangs' Hangseng was down more than 2% as well. A strong yen is making things

0:46.0

more expensive for exporters and weak factory data from the US has sparked worries

0:52.0

about a US recession.

0:54.0

Some investors are also concerned

0:56.0

that the US Central Banks hints

0:58.0

that it will only reduce interest rates

1:00.0

in September

1:01.0

will hold the world's largest economy back.

1:04.0

Sir and Jana Tawari there, now let's stay with the markets and do the numbers.

1:08.0

In Europe technology stocks hit their lowest level in over six months.

1:12.0

The stocks Europe 600 Technology

1:14.4

Index drops 3.6%. It's lowest since January. This is partly because investors

1:21.0

are shying away from semiconductor stocks after Intel's disappointing earnings report.

...

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