Ian King Live: What's On Tonight's Show

The Japanese stock market officially entered bear market territory – defined as a 20% fall from a recent peak – overnight, joining the likes of Germany, France, China and the US smaller companies market, while the FTSE-100 index did this lunchtime. The smell of fear is everywhere in stock markets and at the heart of it is oil. The falling oil price is being widely seen as due to a collapse in demand and, accordingly, as a harbinger of weak global growth this year.