The world economy’s most important week of the year? That’s what Bank of America Corp.

The Wall Street Journal, part of Rupert Murdoch’s News Corp., is closing down print editions in Europe and Asia as a result of shrinking advertising.The final print edition in Europe will be Friday, with the Asian edition ending a week later, the newspaper reported Thursday in an article, citing company officials.

Asian stocks were higher after Wall Street equities rose as investors weighed a U.S. deal that ensures the funding of its government through mid-December against persistent geopolitical tensions. The yen stayed lower after an overnight drop.Most industry groups advanced, lifting the MSCI Asia Pacific Index. U.S.

When European Central Bank President Mario Draghi gives his policy update later Thursday, his words will reverberate halfway across the world in the tropical climes of Indonesia.Where once the Federal Reserve’s policy outlook was the biggest swing factor for policy makers in Jakarta, an influx of yield hungry European investors is changing all that.