haidi: at 9 a.m. in hong kong, 11 p.m. -- 11 a.m. in sydney. rishaad: i'm rishaad salamat from bloomberg asia headquarters in hong kong. this is "bloomberg markets: asia." ♪ haidi: trade talks and tensions. mike pence goes to japan on part two of his trip to asia. rishaad: regional stocks extending gains. new york has the biggest gains in six weeks. haidi: fidelity and guarantee approach.it was seen as unlikely to win regulatory approval. rishaad: the u.s. could default in the markets and not paying attention. the u.s. vice president is heading to japan. meeting with the deputy prime minister later on the agenda. north korea and nuclear ambitions. geopolitical tensions are roiling markets of late. we have a lot of pressure on beijing from washington at the moment. some of it is apparently working. the u.s. is getting encouraging signs that china is going to act to pressure kim jong-un's regime to dismantle their nuclear weapons program, and that we have mike pence also warning pyongyang that they should not really dispute the resolve of his boss. politics is the alpha today i

>> it is 9:00 a.m. in hong kong. rishaad: we are coming to you from bloomberg's asia headquarters. this is bloomberg markets. heidi: asia-pacific markets climb among optimism president trump will push through tax reforms. rishaad: the bank of tokyo governor tells bloomberg he will maintain current monetary policy. biggestnd the world's signess carrier subscribers and sees a return to profit. >> we are in the beating economic heart of this city. the president once to see it emulated in the northeast. we will bring you that story rishaad: taking a look at airline stocks. downgrades, china southern and china eastern, all getting the downgrades. the reason why, let's bring up this chart. it is morgenstern's contention china's international travel boom is over with. we will get steady growth, not still are growth -- ste llar growth. passenger traffic trending down. that is the contention. we are looking at those stocks at the open and more. haidi: absolutely. the chinese carriers have been adding capacity. amp up competition with the carriers. we are about 30 minutes away from the open

on bbc news, still to come: after 2,000 years of maritime tradition — is hong kong calling time on the chinese junk? nothing, it seems, was too big to withstand the force of the tornado. the extent of the devastation will lead to renewed calls for government to build better government housing. internationally, there have already been protests. sweden says it received no warning of the accident. indeed, the russians at first denied anything had gone wrong. only when radioactivity levels began to increase outside russia were they forced to admit the accident. for the mujahideen, the mood here is of great celebration. this is the end of a 12—year war for them. they've taken the capital, which they've been fighting forfor so long. it was 7am in the morning, the day when power began to pass from the minority to the majority, when africa, after 300 years, reclaimed its last white colony. this is bbc news. the latest headlines: president trump has said a "major conflict" with north korea is possible, but he'd prefer to find a diplomatic solution. marine le pen has vowed to tackle terror

the asx 200 down about .7%. we do have hong kong and shanghai coming online. take a look at the hang seng down .5%. chinese stocks falling for a second day ahead of tighter trade numbers. resuming reverse repo sales after a 13 day pause, strengthening the yuan. let's pull up this full-screen and check in on some equities. falling after reporting the lowest profits. tai up 4%. cathay pacific up .5% after announcing the replacement for the ceo. fortescue, the largest iron ore exporter, plunging the most after reporting lower shipments and higher costs as iron ore prices continue their downward spiral. bhp and rio tinto caught up in this line. i want to into on japanese assets, the yen surging after trump sent the dollar is getting too strong, touching the 200 day moving average for the first time in five months, and this is sending 10-year jgb yields closer to the 0% target, falling to the lowest since december. thank you very much indeed. right come asking this question, who is the currency manipulator? not at the moment, according to president trump, who said he will not be branding

perhaps the start of a downside? it will be revealed with china and hong kong opening very soon. haidi: the biggest thing you might have missed, asia trying to work out the comments from yellen this morning, but certainly the issue what happens to asia's debt when the fed picks up the pace. chart.look at this we talk a lot about china's debt on the show, but there's a good reason for that. we have seen that balloon to gdp -- 260% of gdp. we know that the government has made a priority of addressing credit. you have to ask if that is a little too little too late, and if they can have a tough time dealing with it, particularly when it comes to off-balance-sheet debt, and how much is taken off by the zombie companies. we are around 30 minutes away from the open in china and hong kong. holiday shortened week with easter this weekend. let's go to sophie for a look at the state of play. reporter: the field so far this morning, caution taking the reins. yen climbing, treasury yields falling. the asian market is looking next. stocks in tokyo on a two day event. we are waiting to see if toshiba

maritime tradition, is hong kong calling time on the chinese junk? good morning. it's 8am in singapore, 1am in london and eight in the evening in new york, where diplomatic efforts to try to ease the tension on the korean peninsula are stepping up a gear this friday. the us secretary of state rex tillerson will attend a un security council meeting. the united states and its allies are expected to turn up the pressure on china to use its leverage to rein in kimjong—un. speaking to the bbc, republican senator john barrasso explained the renewed diplomacy drive. well, of course the goal is a peaceful resolution of the process, that's what we want. we want north korea without nuclear weapons and this whole thing peacefully resolved. that's the deliberations and discussions with china so they can get much more involved because you know after all, that 85% of the trading that north korea does is with china and i think china right now realises their interests are aligned with the united states, with regard to a nuclear—armed north korea because the question is really can they or

haidi: and is 9 a.m. in hong kong, 11 a.m. in sydney. i'm haidi lun. rishaad: i'm rishaad salamat coming to you from bloomberg's asia headquarters in hong kong, this is "bloomberg markets: asia." ♪ haidi: asian markets extended gains sparked by the french elections. the euro holding onto the biggest advance since june. rishaad: demand for chips, as k high next get the best results in a while. haidi: china pledges more economic transparency. the pboc will balance the need for stability while controlling asset bubbles. rishaad: sending a different message. weibo currency opportunities. global relief rally continues after the french election, seeing a rising tide, listing all markets across the world. , taking a look with attention to the european central bank. japano have the bank of starting its two-day meeting as well. that is on wednesday. gdp growth figures out of the u.s., looking forward to all that and more as we see the optimism flowing into this part of the world. haidi: that's right. it is a bit of a client trading day, given the australian and new zealand markets closed

♪ it is 9:00 a.m. in hong kong, 9:00 p.m. in sydney, 9:00 p.m. in new york. i am haidi lun. rishaad: i am rishaad salamat coming to from bloomberg's headquarters in asia in hong kong. this is "bloomberg markets: asia." haidi: a flat day on the last trading day of april, the nikkei 225 dragged down by guidance misses. rishaad: stuck in neutral, another month passes and japan remains far from its inflation target, prices refusing to budget in march. haidi: china's oil giants benefit from cruise gradual recovery. opec says producers are unified in rebalancing the market. rishaad: the region's banks are starting to report earnings, so far reflecting a general upturn in the economy. right, let's have a look at what has been going on today, dominated by currency markets to some extent with mario draghi beast."d as an "elusive doing nothing to cement a vision that tapering will start when it comes to the monetary policy situation in europe. suggestingindicates more power to move currency markets. we are looking ahead as well to data out of the united states, a first read of first-quarter g

daybreak asia, we will be live in hong kong, tokyo, and cindy -- sydney. we will also follow the latest scandal in dallas atwe will alst scandal in dallas at united. [no audio] >> i am a ramy inocencio in new york where it is just past 7:00 p.m. a.m. in just after 7:00 hong kong, i am shery ahn. i believe you have breaking news for us? looking a south korean unemployment just crossing the bloomberg terminal, 3.7% is what we are getting for the month of march. that was against a prior reading in february of 4%. we are seeing good news in terms of the unemployment rate kicking down. february's 4%. looking to be in the median since 3.4% in january and a high of 4%. we will see how that goes when the day progresses. >> a big problem in south korea being unemployment among young people. that will be a key thing to watch out for. let's take a look at what the markets are doing. trading in asia has happened in new zealand, the market is in the red. just a reversing force, down 4/10 of 1%. the kiwi dollar has not done much in the last session, not doing much now. asian futures right now

use children as human shields in iraq. and selling for the first time in hong kong for $86 million. and an iconic andy warhol painting of chairman mao has been auctioned in hong kong. live from our studios in singapore and london. this is bbc world news. its new stay. —— newsday. good morning. it's 8:00 in the morning in singapore, iam in london and 7:00 in the evening in southern colombia — where rescue teams are continuing to search through tons of mud and debris for anyone who survived the devastating mudslide. it's happened in the city of mocoa. over 200 people have been confirmed dead. hundreds are still missing and five villages have been destroyed. richard lister has the story. mocoa is a place of mud and misery. when the rolling wall of water and debris rushed through here on friday night, it swept away houses, cars, trees and people. whole families died here. the painstaking search for survivors is continuing. rescue workers moving quietly through flattened neighbourhoods, hoping for sounds of life in the wreckage. nothing here. with every hour that passes, hopes of

9:00 a.m. in hong kong, midday in sydney, 9:00 p.m. in york. i am haidi lun. bloomberg markets: asia." ♪ marketssia-pacific higher at the start of a new quarter, the yen climbing on the improving outlook for corporate japan. loser amid fears it will miss its earnings that line. , tokyo down to the wire has 2020 vision when it comes to the upcoming olympics. are 30 minutes away from the open in hong kong, china and taiwan closed for trading, but singapore and malaysia coming online, a slew of asian pmi's, the markets have a lot to digest. let's get it over to david ingles. happy first day of the quarter, by the way. david: and to you as well, heidi. ofeak dollar story, a bit deals. the leaders across asia, a few flat markets. south korea .5%, new zealand, singapore, we won't get into the details. japan erasing earlier losses. have a look at the currency markets, inflows, the south korean won, a big movement with high beta currencies like the won. 1111 predicted in the next few months. all right, put this up and have a look at the commodity markets, and no movement across energ

: it is just after 7:00 a.m. in hong kong. i'm yvonne man. investors had a pretty good easter break. we are seeing markets with quite a turnaround here. a very strong data out of china gets to be a potential game changer as well for markets and does comments coming out of steven mnuchin on a strong dollar, saying it is a good thing. betty: it is a good thing and kind of undermining a little bit all the bluster, so to speak, that we heard last week from trump about meeting a weaker dollar in order to propel the economy. again, it kind of drives home that point, yvonne, that there does not seem to be a unified voice coming out of the white house, and that continues to confuse investors. yvonne: he still expects a deal sometime this year. perhaps that could be stealing some of the risk appetite here. that from the holiday, the dollar getting -- the kiwi holding at 13 u.s. cents. futuresy it flat for for stocks in sydney. could be seeing it flat for futures for stocks in sydney. 'span looks to be pretty firm first today. we are seeing a potential 180 for the nikkei 225 in tokyo today. dolla

♪ it is 9:00 a.m. in hong kong. i am haidi lun. rishaad: i am rishaad salamat coming to from bloomberg's asian headquarters in hong kong. this is "bloomberg markets: asia." ♪ haidi: the pound reaches a six month high as the u.k. faces a snap election, theresa may wants a strong mandate. rishaad: the decision coming three weeks after triggering the withdrawal. early opinion polls give her a 20 point lead. haidi: the imf sees an uptick in the global economy. rishaad: the motoring world is in shanghai. we are live with some of the industry's top players. well, violent moves on the markets, the sterling after that surprise call for a snap general election on thursday, june 8, hoping to shore up a position in the conservative party and her personal position by getting a mandate. she has never won an election to the office of prime minister. part of the price action was to hated by people getting out of sterling. week of news, but shows you the positions they were building up. not as much as october, but a significant amount of short positions on wound to the benefit of the pound

currencies can compete equally. the third pillar is that i watch offshore market. in hong kong and in europe, there are demands for offshore markets. and i think that is a group development and also, right now , we haveof generation cnh and cny. and how they work together. and also, in terms of the fixed income market overseas. the fixedlot of income products and also, in terms of equity markets and in terms of global wealth management, there are a lot of products in the offshore, oversee market. developmenthing the of the offshore market closely. and i think that by and large, there is a positive effect the offshore market and the onshore market, that is our policy intention. the last pillar is that we have monitoring and the balance of payments and logistics and cross-border transaction statistics and also, we have to do a better service transactionnbi across the border. like the infrastructure payment system and so on and so forth. as far as a central bank is concerned, they tried to do well with this service. of the as the statistics data. if we have the data, we have say that wil

after 7:00 a.m. in hong kong. i am yvonne man. betty: south korea come out we have a $.4 billion, the balance. that is a rise from the prior number of 5.2 billion. 10.5 billion, much higher than the 7.8 that we saw earlier. [noas been interesting audio] betty: north korea and south korea are dealing with geopolitical risks. yvonne: definitely a trend for the insurance industry to explore. this swelling surplus add to the case when it comes to the u.s.. the treasury reports come out sometime in the next two weeks. south korea actually meets two of those three criteria. there on the monitoring list when it comes to currency manipulation. this might just add to the case for the u.s. to slap that label. we will see in two weeks' time. new zealand, we see a little pressure, 2/10 of 1% down for stocks. wall street has modest gains, but it was an up-and-down session. sydney, futures quite firm here today. 76 aussie well below the u.s. handle. balancinghillip lowe the hawks in his statement. japan, we were struggling for direction on tuesday. down 9/10 of 1%. the dollar-yen 110.82. this could

and as eight plus will now ship without english voice controlled —— s8 and s8 plus. hong kong's flagship carrier cathay pacific has announced a change of leader. the current chief executive will be replaced by the chief operating officer, rupert hogg. a few weeks ago the airline reported a loss of $74 million for last year, the first annual loss since 2008. earlier i spoke with an industry a nalyst earlier i spoke with an industry analyst and asked why cathay pacific is struggling. there are a few key changes which have happened to cathay. you can say that their greatest advantage, being close to china, which drove their traffic throughout their history, has become a major disadvantage. you can see the chinese carrier is adding immense capacity so trainees passengers have options to bypass the hub in hong kong and fly direct from major chinese cities and in addition foreigners who might be travelling who used to fly with cathay and change at the hong kong hub can now fly direct. is this all symptomatically something all premium airlines are having to deal with, or is it specifically a pr

♪ it is 9:00 a.m. in hong kong, i love :00 a.m. in sydney, 9:00 p.m. in new york. i am haidi lun. rishaad: i am rishaad salamat. this is "bloomberg markets: asia." ♪ asia-pacific stocks are mixed, the yen trades flat after its biggest jump since january. rishaad: toshiba among the losers after warning it faces an uncertain future, delayed earnings without auditor approval. haidi: united under pressure amid a storm of anger at a passengers forcible removal. factory gate prices are due in half an hour. right, let's get to what has been happening with united airlines, the ceo under pressure after forcible removal of fat passenger from that united airlines flight. his deepestoffering apologies for what happened and said the airline would review its policies by the end of the month. let's look at the stock price. .nitially, a decline of 4.4% it did recover. he did apologize for having to re-accommodate passengers, but did call that passenger that was removed belligerent. well, that has been taken to task by experts. telling us it was probably the most tone than death response he had

a.m. in hong kong. a new trading month, new quarter, could be an exciting one. data, but first a check of business confidence in japan at this hour. >> indeed, that will be key, the be tokyo toy in-swerv released at the end of this hour. we will be watching for a lot of data this week, the jobs report on friday, but before that, auto sales numbers will be out. consumer demand is so important in japan, but also extremely important in the u.s. meet in., rb a the biggest meeting of all with president trump and xi jinping and mar-a-lago. keep in mind that china and taiwan markets are closed for the next two days. new zealand, stocks under point 2%.down away,g in sydney an hour futures positive, could be a soft open with the start there. theing pretty flat against dollar for the aussie, the yen heading sideways as well. soft for thee start for equities this morning. let's get to our top story in asia, pboc tightening, raising rates for standing lending facility loans, small and medium-sized financial institutions. what is the rationale here? we have a stating of the economy, factory r

♪ 9:00 a.m. in hong kong, 9:00 p.m. in new york. i am peter elstrom . am david ingles this is "bloomberg markets: asia." ♪ japan leaving markets higher, the asia-pacific is the first region to react to the weak u.s. payroll number. but the have plateaued, bank has hit is goals, so says james bullard. president trump and president xi jinping hail some a success despite the threat of syria and north korea. a big week for markets as we get underway, not the best. a decenthaving session, but currencies commodities, a lot of event risks. have a look at my bloomberg. it is #7629 on your bloomberg. , the benchmark across asia, still close to 2015 highs, but the box top right, things starting to rollover. indicator, monetary conditions in china, something to watch, key inflation data out of china and new credit data as well. you have a rate decision out of south korea. let's look at south korea -- south africa. gr on your bloomberg. watch south africa very closely. downgrades,atings s&p and fitch, last week. they are saying you have to watch out for more outflows as people are

markets: middle east." david: i am david ingles in hong kong where just got past noon here. theets are just entering lunch break. i am looking at my bloomberg gmm . i will give you an update of what is happening across markets. we are seeing markets in china down by seven 8/10 of 1%. when you look at what is happening in the bond space, there we go. yields are on the way down across the board. here in the asia specific -- asia-pacific. we are seeing money coming back into the bond space. this very quickly. this is what i want to call this chart. is speaking by the oil story. normalized after friday. you have the aussie dollar and geopolitical risk being built in. south korean won is one dollar. there we go, 9848 is the normalized figure on that. reverberatingff, a cost asset market we are just under two hours away of the opening of the emirates market. and was the state of play the gcc benchmark index, down a 10th of 1%. you are looking at industrial and consumer key weak spots. and consumeres staples and utilities. when i look at volumes, i see them at the lowest level. the lowest lev

first time in hong kong for $86 million. sold for $86 million... an iconic andy warhol painting of chairman mao has been auctioned in hong kong. the bbc has seen evidence of so—called islamic state appearing to use children as human shields in the battle for mosul. it comes as the militants are all but surrounded in the old centre of iraq's second city and there's a growing concern over civilian casualties. bbc persian‘s nafiseh koohnavard and producerjoe inwood were given exclusive access to iraqi helicopter pilots flying over mosul‘s front line. here's their report. far below, a city that was once home to two million people. we are flying with the helicopters of the iraqi army as they fight the so—called islamic state. we are now over old mosul, where the battle is at its fiercest, as well as the last isis fighters, there are many civilians still trapped in the narrow alleys. and this footage, taken from our helicopter‘s camera, shows the challenges the pilots in mosulface. radio it shows armed men walking through a war zone with children. radio military sources have to

hong kong. betty: i am betty liu in new york area a 4.2% rise in quarterly profits, they expanded to internet-based services. it rose to $8 billion through march, fractionally below estimates. they're the biggest player in india's $110 billion tech outsourcing industry. they face lower demand from consumers with uncertain economic conditions. losing two directors this week, leaving them without a for them. a record 85% in just one day, like thing about $4 million from market value. it is still uncontacted bowl. hired someone to analyze their position. the stock remains suspended. noble group is pushing back with new guidelines on executive pay, saying closing salaries were fit at a disadvantage. noble has faced bad years, with asset sales. founder is preparing to quit coming he says many of his competitors are private and do not publish compensation details. let's get back to one of our top stories, the imf has raised its global growth forecast. could the rise of protectionism undermine the optimism? 3.5%, up from 3.4% in their january outlook. boy andeled by financial markets and fi

the diversions between u.s. rates and hong kong rates. #8081,ring up this chart the cap the highest since 2008, a widening gap, putting pressure on the hong kong dollar, and as result this is what we have going back a year and a half. band and don't forget the 7.75-7.85, weakening here as we have pressure coming rate not being passed bor not reflected. haidi: it always reacts on any move out of the fed, but relief rallyreall turning into this global reflationary rally. we are waiting on the tax plan from president trump, giving optimism to u.s. markets, close to record highs overnight, trickling through when it comes to risk appetite in asia. 30 minutes away from that crucial open. chinese markets in the green yesterday, but trading to four-month lows. singapore, taiwan, and malaysia coming online. sophie, buoyancy from tokyo equities and the yen. sophie: risk appetite, look at 7036, the global stock rally continuing. we are looking towards chinese markets to see whether that could spur e.m. investors to take profits. looking markets resilient. a measure of risk aversion among emerg

minutes away from that open in shanghai. hong kong as well which was often yesterday. singapore, taiwan, and malaysia is just coming online. sydney where it was not as sunny as it was in hong kong. we do have taiwanese stocks coming online. they're up .7% here. australian stocks resuming monday's gains after a surplus number on tuesday. we have a weaker yen in support object and dass -- japanese equities. widening current account surplus, but stocks in wellington are down by .1% and a mixed picture in southeast asia. malaysian markets are coming back online a little weaker. we are looking at what is going on in the commodity spaces. copper is falling 1.6%. recently, gains although we might see some response given what a company has to say regarding the assessment of the chilly -- ch ile coppermine. oil is sticking around $51. that is adding to tuesday's advance. it is adding to the performance of energy stocks by .4%. minors leading gains in asia. banks falling by .2%. ono following what we saw drops in international stocks on wall street. let's look at what is going on with the open in

inocencio in new york. in hong'm shery ahn kong. janet in hong kong. janet yellen says the fed is moving towards a gradual rate hike -- with a wrap up. kathleen, the fed, pretty determined to move ahead with rate hikes. kathleen: a boiled it down to a simple formula. janet yellen was speaking at the university of michigan, interviewed by a susan collins from the business school and students asked questions but bottom line, she stuck to her story and she calling for gradual rate hikes, and here is why. number one, the economy is near full employment. she thinks it may have started to go to low on the unemployment side. inflation, the 2% goal. fallinghas to avoid behind the curve. if they fall behind the curve, later, they had to hike rates quickly and could push the economy into a recession. it was a couple interesting things she said along the way. unemployment might be a misleading indicator. in other words, maybe it does not give us a true picture of the economy and there could be more slack. when asked about inflation, she talked about inflation expectations as being an important dete

is "bloomberg markets: middle east." >> it is midday in hong kong. we are seeing some markets in the red. take a look at the go function. although markets are in the red, we have some strong players. with forceming back from its today holiday. yuanouth korean won -- declining. we're seeing a pretty good session or strength for price on time. the taiwan dollar continues to rise. the japanese yen has climbed for four days against the dollar. we are seeing copper following 8/10 of 1%. keep an eye on jp morgan and goldman sachs. that is the picture in asia in trading. what do you have for us? yousef: as part of the world, a two-hour delay on the emirates markets. this was the state of play. the benchmark index up half of 1%. we're seeing strength in materials and industrials. as we got best performer in this part of the world. if you take a look at the technical, that broke through three moving averages in one goal. also watch out for first abu dhabi bank, driving a lot of those gains. we're seeing some interesting moves in qatar, up one half of 1%. also egypt, a lot of foreign buyin

have the world covered here. in hong kong,e tokyo, and sydney to preview a trading week. we cross over to melbourne, joined by james bullard. gainsnew york, payroll that slowed in march, but actually there is a silver lining, much more than a silver lining in fact. asia." "daybreak it is just after 7:00 a.m. in hong kong. silver lining, you are talking about the unemployment rate, the lowest level in a must a decade. i'm glad it is the start of a new week. , payrollch a wild ride data disappointing, not to mention syrian air strikes and we have to factor in the meeting that just wrapped up. that's right. it was so interesting to be so close to these leaders deciding the fate of 2 billion people. pretty much no deal actually came out of it, no deal on trade, currency manipulation, .orth korea it was a short trip. president xi jinping was in and out, and now we are unpacking this. an invitemp accepting to go to beijing in the future. i was expecting something of a gift from the xi jinping, like prime minister shinzo abe bay did. let's get a check of the markets in play. , stocks falling

is one of the biggest losers in hong kong, but you will also see the nikkei and mainland chinese indexes down. take a look at treasuries. we will be talking about janet yellen a lot. you'll hear from her on bloomberg television and bloomberg radio, and we are paying close attention to the yield. right now investors are buying treasuries, pushing the yield down 2.34%, but still hanging out in a range. speaking of a range, it's at a six-month high. gold is holding around that level as well, 1256.24. this is what you want to watch when you are looking at risk, especially coming out of syria, as we follow rex tillerson from italy to moscow. obviously the events are focused around the attack last week in syria. we are going to want to watch gold, treasuries. now let's get the bloomberg first word news, for that we go back to hong kong with deborah mao. deborah: thank you. in the u.s., said share janet yellen says the central banks changed to holding on to progress made. she and her colleagues are looking to ease back significantly on the support the fed is providing on the u.s. econom

haidi: 9:00 a.m. in hong kong, 11:00 em in sydney, 9:00 p.m. in new york. i am haidi lun. am rishaad salamat from bloomberg's asian headquarters. this is "bloomberg markets: asia." ♪ france kicks out the establishment with le pen and macron winning round one. to aad: pushing the euro five-month high, threatening to ship politics for years to come. b soccer could be coming to an end, partial deal with abu dhabi could be announced later. rishaad: reaching for the stars preciousraces on for resources in space. let's get to the here and now. it's all about that french election. having a look at the reaction to this, 10-year treasury yields screaming higher, 2.3%, the euro moving above a 200 day moving average against the yen. asdo have more clarity perhaps not a populist leader coming through in france. that could allow mario draghi to do something with his tapering program. ,urther momentum for the euro bullish gaps from a technical standpoint that need to be filled at some stage. also looking better when it comes to the boj as they head into their policy meeting alongside the

was in a good position. we have world coverage here on daybreak asia, we will be live in hong kong and sydney to preview what is ahead for markets in this region. >> here in new york we will talk about trump's plan for fed chair janet yellen and a look ahead to singapore's banks. this is daybreak asia live from our u.s. and asian headquarters. i am ramy inocencio in new york. just after 7:00 here in hong kong, i am shery ahn. we do have central-bank decisions out of korea, singapore, chinese trade data, and the often unpredictable australian jobs numbers. on top of that, we have to digest what happened in the u.s. with president trump's comments. ramy: it is interesting, just as markets were closing, donald trump came out with a that one-two punch, china not labeled a currency manipulator. the 10 year yield and treasuries here, we will be looking ahead to see how it has an impact on asian trading. shery: let's take a look at the market and new zealand. is the only one trading at the moment. we see it falling for a second consecutive session, down to 3/10 of 1%. kiwi dollar has not move

loophole in hong kong have sent property shares reeling. sarah toms is in singapore. well, as you said hong kong, the hong kong government slapped a 15% tax on first time homeowners who are purchasing more than one flat at a time. so, what was happening was investors were coming in, snapping up investors were coming in, snapping up multiple units in one go to qualify for lower tax rates. these buyers were using one legal contract and they only had to pay 4% tax duty so now and they only had to pay 4% tax duty so now they are being charged the same 15% as someone buying a second property. there has been a lot of chinese capital snapping up some of the hong kong's best plots of land and at record—breaking prices and it has pushed home ownership out of the reach of many people who live there and the government hopes that closing this loophole will help the average buyer, but of course, hong kong is one of the most expensive real estate markets in the world. sarah, thank you very much indeed. investors ducked for cover on wednesday as a drumbeat of alarming geo—political news sent

to extend his powers. >> in hong kong, just made a good this is bloomberg markets: middle east. the end strengthening further as geopolitical tensions weigh on markets. the u.s. reviews its plans for north korea after a pyongyang show of force. calm.g version for chinese investment picking up. let's check the markets. those trading figures out of china are being felt across the markets. the australian dollar is mostly affected by chinese tray numbers. the china gdp figure pretty good. the australian dollars saw a jump. it is up 0.1%. if you look at the function on bloomberg, the south korean won is spiking 3/10 of 1%. we are seeing iron ore feeling the pressure, pressured since entering a bear market. the sovereign bonds, mixed a little bit. we are seeing the u.s. treasury yields continuing to slump. the australian markets are closed for the holiday. gdp numbers, china but also geopolitical tensions. north korea and turkey. plenty to digest. if you look at what happened to the turkish rea, the first gauge of their result and what a rally we saw, as much as 2.4% strengthening. vote.e

the crucible. this man has had a successful season, the hong kong man w011 successful season, the hong kong man won the scottish open and was a semifinalist at the uk championship and the masters. but he made a poor start to this match while the belgian player scored heavily when he got the chance. it was not looking good for fu. after the midsession interval, the belgian made another big break to go 5—0 up. fu then responded to finally win a frame. the belgian took the next or stories five frame lead. but fu kept his hopes alive with a centre in the last frame of the session to trail 7-2. last frame of the session to trail 7—2. ken is the target for victory when play resumes. —— ten. two—time olympic champion kristina vogel retained her keirin title on sunday, winning her ninth world title on the final day at the track cycling world championships in hong kong on sunday. the german finished 0.061 seconds quicker than colombia's martha bayona while nicky degrendele of belgium won bronze. in the men's 1km time trial, france's world record holder francois pervis won the eve

:00 a.m. in hong kong, i am yvonne man. a confusing session on wall street. to earnings, commodities, a tough day for traders in asia to find any direction. betty: you cannot blame them. you have stanley fischer and the fed is saying there is a right to be the about the u.s. economy and then someone like the big heavyweight, of black rock, saying we see something very wrong in the u.s. economy, yields falling below 2% in the u.s. no wonder investors are so confused. yvonne: he was giving a 50-50 chance for yields to go lower. oil looks like the biggest drag that we saw overnight, that jump in gas inventories in the u.s. let's see how things are in asian pacific. new zealand on the inflation beat. of 1%.it up 1/2 now at a five-year high. stocks seeing a little pressure, down 1/10 of 1%. its month, g10n currencies selling off, the aussie. we continue to see resilience in the currency and not really tracking the fall and the industrial metals. legacy stocks heading lower according to futures, 1/5 of 1%. the dollar-yen coming down. could be a better day for stocks. very marginal after th

was steve angle in hong kong. andrew barton joining us live in dubai. a key official in the saudi arabia effort to diversify the economy away for the alliance in oil. corrects the key risks facing the global economy. digging deeper into the geopolitical elements to the conversation and how it will affect the markets going forward. >> the political uncertainty around the world differently in the european region. it is also high on our agenda. flows moving for from emerging market economies as the result of the reinforcement of the dollar is the third one. that are the three risks apply to a situation. it is quite positive at the moment. >> that was the imf chief talking about the risks she is watching. president trump talking about currency. have thoughtould that that was over with. a couple of months since he was last able to effectively do that. below the 200 moving day average. that is in addition to what has been happening with the treasury yields. the same thing right here, you can see highlighted in yellow. comments sentmp them lower. let's get some extra insight. the head of

iconic depiction of chairman mao is auctioned in hong kong. fantastic federer — the swiss maestro becomes the oldest miami master. the accident that happened here was of the sort that can at worst produce a meltdown. in this case the precautions worked, but they didn't work quite well enough to prevent some old fears about the safety features of these stations from resurfacing. the republic of ireland has become the first country in the world to ban smoking in the workplace. from today, anyone lighting up in offices, businesses, pubs and restaurants will face a heavy fine. the president was on his way out of the washington hilton hotel, where he had been addressing a trade union conference. the small crowd outside included his assailant. it has become a symbol of paris. 100 years ago, many parisians wished it had never been built. the eiffel tower's birthday is being marked by a re—enactment of the first ascent by gustave eiffel. this is bbc world news. i'm chris rogers. a reminder of our top story: rescue teams in colombia are continuing to search for survivors after devastatin

and it is after 7:00 p.m. yvonne: it is just after 7:00 a.m. here in hong kong, i am in unmanned. ,reliminary numbers coming in 2.7% growth in the first quarter. better than what economists were expecting, they were expecting 2.6%. quarter,an the fourth that 2.4%. lot of positive signals coming off the fourth quarter when it came to industrial production, investment, and consumer sentiment. they were quite strong. we watch the reaction out of seoul here in an hours time. this was up 0.9%. how things play out here. here are how things look in the asia-pacific. we did see this selling the last part of the trading session on wall street, flat. 5896.wi holding on at a tough week for the currency. we have been holding at the three-month lows after inflation disappointed yesterday. 7478 in futures. ecb, theht before the yen was heading lower, 111.18. comfortable above that handle. caution into those decisions in terms of wall street. the news from washington came in and full course. tax reformeveal on a plan, markets shifting toward the ecb and boj. betty: all of the above, that is exa

: middle east. i'm yousef gamal el-din in to buy. >> i'm shery ahn in hong kong. yousef, all in the red right now when it comes to markets across asia. virtually all falling. not surprising if you take a look at the gmm and go function on the bloomberg. actually asian stocks are now trading at a three-week low. surprising, the s&p 500 was devastated. it's all the day guest intraday reversal in 14 months. we also had the japanese yen just continuing to strengthen for five consecutive stinks -- or five consecutive sessions. this being felt across markets in asia. southern that markets gaining across the board. the is. treasury reeled, gaining. what are you watching? yousef: in this part of the world, just two hours away from the opening of the markets. the uae specifically and to buy and be. this was the state of play. aking gains up the back of group sentiment on the back of improved oil prices. we are seeing some interesting moves when it comes to anything related to utilities. a weak spot compared to the gains. the best performer has been dubai. six consecutive sessions. the last t

is just after a.m. here in hong kong. this is on a positive note. steve mnuchin said tax reform could be coming soon. but no real details. this: it is just words at point. how many times have you heard people in washington say this will get done and then it does not get done? however, at least today it was enough to get the markets to this day rally. at least on the asia side, the u.s. is ending the week for you on a positive note. yvonne: let's see how things are in new zealand. the index firm, up 1/5 of 1% on the index 50. take a look at the kiwi. yesterday there was better than expected inflation data. a lot of dollar strength coming in. .7525 for the aussie. take a look at the dollar-yen. a little bit of the mnuchin affect. 10ing the kiwi continuing 9.36. i am surprised, given how strong those comments were from both men, that we have not broken the dollar-yen. wall street overcame the curse of the late the selling, looks pretty good. stocks endingd, in the green on those tax cut that's. you mentioned those comments from them treasury secretary and earnings helping things along. a

." david: i am david ingles here in hong kong. click check of the business headlines. highest level since 2008, the company reporting record profit in the first quarter. rose 13 in one and a quarter billion. that is compared with a year back. ambitiouselping the in areas such as telco next weekend. yousef: saudi aramco has chosen an adviser for its much-anticipated ipo. the ceo made the announcement at a shareholder meeting in hong kong. last month bloomberg was told jpmorgan and morgan stanley were also working on placement for what is the world's oil company. looking for 5% and could raise as much as $100 billion. david: first quarter profit at 20%,habi's pink rose coming ahead of expectations for money set aside for bad debt, selling for a quarter of 1% for conservative lending. signs of recovering in this ua economy. bettert had reported earnings due to a wider economy turnaround. qatar's finance manager says they are performing to expectations. that is despite the drop we are seeing in global oil prices. told bloomberg that taking a long-term approach and teaming up with local

. ♪ ♪ yvonne: this is daybreak asia, i am yvonne man in hong kong. betty: i am betty liu in new york. saturday marks trump's 100th day in office. american voters remain unfulfilled, including a new health bill and comprehensive tax plan. let's discuss it progress and a fall from grace. great to have you with us. >> thank you for having me. he says twotrump things. it does not matter what i do, it is a fake deadline, the first 100 days. and in the first 100 days he tried to do as much as possible. let's take tax reform first because we will hear some details tomorrow. what do you think they will be? one day be as positive for business as it seems the investors are indicating right now? >> the president has indicated it will be a 15% corporate tax rate, coming down from a 35% rate. it raises questions as to how this will be funded. he has discussed this with secretary mnuchin as well. so we will hear more on that tomorrow. with regards to the 100 day deadline it is important to say we're still in an education phase with the new administration. that always takes time. we remember that f

. is quiet in australia, and hong kong still close for the easter holiday, but japan futures, we could see a soft open on tokyo this morning. 108.60, watch out for that. the five-month low for the yen right now -- dollar-yen after that inflation data we have been talking about. currency traders focusing on that geopolitical risk in north korea. much to watch out for on this monday morning. let's get to our top stories. president trump tying the decision not to bring china a currency manipulator to beijing in bracing for your trade and working with the u.s. to deal with north korea. our global in economics policy editor kathleen hays for more on this treasury report. what did we learn? we were expecting china would get a pass up to those comments we saw from trump last week. >> he said he was not going to brand china a currency manipulator, but the report does not let china off the hook. country a no major currency manipulator, but several on the watchlist. it is south korea, japan, taiwan, germany, and switzerland. it is not just asian nations, europe as well. here are the criteria for

♪ it is 90 4 a.m. in hong kong, 11:00 in sydney, 9:00 p.m. in new york. i am haidi lun. rishaad: i am rishaad salamat coming to you from bloomberg's asian headquarters in hong kong. this is "bloomberg markets: asia." ♪ haidi: mixed messages for asian markets, trading in japan the kospi forging ahead. extending the growth seen in the preceding four months. haidi: the u.s. rebukes plans for north korea following the weekend show of force. china urging coma on both sides. the lira jumping as president erdogan claims sweeping new powers, the biggest changes in turkey. dump in ans data hour, looking at first quarter growth, 6.8%. let's bring up this chart, #6839 showing the potential for further gdp growth looking ahead, the blue line indicating that target the government put andlace, anticipating 6.5% 2019, a six .8% handle, but the data dump continues and we have industrial output, retail sales, and fixed asset investment, all of that out in 60 minutes. not exactly the most surprising of indicators. we were expecting that 6.8% for a second quarter, but the question is whether it is

a.m. in hong kong. the fed seriously taking this topic into a question about reducing the balance sheet. we will see if it has lasting impact in asia. betty: it was interesting, even though it has people wondering when the fed will raise rates, it did not move the markets in terms of where they see. rate hikes they seem unconvinced we will see more than one this year. we will dive deeper into that. it did cause turbulence in the equity markets. we saw that nosedive before. how is that setting us up for asia? seems that things, sentiment-wise, our firm after president xi and trump are meeting. let's check new zealand. down 1/5in equities, of 1%. the kiwi dollar at 6977. open,counting down to the in sydney, tokyo and seoul. 200. for the asx 7521 for the aussie right now. quite a move when it comes to the dollar-yen. .52.-- 110 slow for chicago today. that was a look at what to expect in the region this morning. it was not just the fed minutes that moved markets. house speaker paul ryan talking about how we could see more delays and tax reform. betty: that uncertainty is never great

: the chinese and hong kong markets remain closed within a pixel in 1%. also lead to the downside by a week auto sector. nicole: tesla passes as the second biggest automaker. lauren: verizon says it will combine the two companies and call them oats. nicole: and sports, weather game. north carolina scratches and calls their way to their sixth title over gonzaga. >> because of the density. lester relaxed on a last-second shot. we need to prove we're the best in the country. nicole: will have the highlights. lauren: big mac and a big one. five of 1:00 a.m. in new york. welcome to "fbn:am," your first look at today's markets in the latest breaking news. nicole: former president upon a national security adviser susan rice wasn't the one who requested they be en masse in intelligence reports. local analysts are a few on the o'reilly last night. >> weekend safely assume there's something to this. susan rice asked for comment parent hasn't responded. one senses she probably would be quick to say so. we can't conclude definitely this is the real deal, but there is real evidence. it certainly

am betty liu in new york. yvonne: i am yvonne man in hong kong. japan's biggest brokers returned to the black. they posted a profit of $551 million compared to $170 million lost a year ago thanks to a drop in trading income. nomura overseas businesses became profitable as well. looking at a base for european operations. they're also looking at units in frankfurt. we are aware of the concerns of the sustainability of recovery in our overseas operation. but our customer base is not only strong, but expanding. we hope to generate stable profits by maintaining control of risks and costs. bank: china construction posting crude first quarter profits. that income rose to more than $10 billion through march. 3.4% better than a year earlier. china's big lenders had been struggling with narrowing margins. their economic growth accelerating for two straight quarters. sales: alphabet beat projections, ending a four-year streak of missing post-holiday estimates. it rose $20 billion as google shifted its focus toward handset and a surge in clicks on ads in mobile. ads runningut offensive videos.