lift since lifting in 1983. okemon go at $7 billion to its market value in just a week. also warm up the war chest, pension funds prepare to become stock market players with $300 billion at their disposal. salley. illiette the strong jobs report friday giving investors reason to bet on equities. the regional index jumping the most in four months and great buying right across the board. japanese shares have had their best gains in about three months leading the surge. chinese stocks listed here at the most in seven weeks. and the shanghai composite increasing following the weekend

inflation. yvonne? >> the japanese prime minister has promised swift and bold economic measures after winning a convincing victory in the upper house election. t's go to our economy editor brad miller. does this election put the prime minister in a stronger position to move forward with the stimulus plan? >> it certainly does. the 2/3 majority certainly strengthens zabe. but the question remains how will he use that majority? we have to remember he's been in power since late in 2012. he's had a lot of time to implement his policies. we really want to see whether he uses his power for constitutional change, or changing the way the defense forces can be used or whether he doubles down on abe-nomics. he launched it three years ago with monetarily policy and reform. we saw a lot of the first era

with monetarily policy. we saw fiscal policy but we're waiting for more of the economic reform not just in governance that might affect stronger wages and increasing business spending. >> yeah, seems like the focus now has shifted to his economic policies. so, brett, are we going to see more physical -- fiscal policies from the prime minister. one of his advisors have recommended spending more than $20 million yrks en. estimates for tax receipts are down. we know that money have been affect bd the area of -- affected by the area of the earthquake. we dough know that abe will be spending more there. will be more fiscal spending but there will be more in the weeks

ahead. >> plenty of challenges when you see abe-nomics. you have the yen and inflation. what are the key issues that they still face? >> a stronger yen is one of the one of the ab -- things for abe. we do don't see a lot of changes in terms of inflation, consumer prices keep falling. we know that wages are pretty much stagnant and businesses ren't spending enough. that's another indication that businesses are not spend in the way that abe needs to lift the economy. >> all right. brett miller, thank you so much. joining us live from toke yo. the world's beggest tech i.b.o. makes its debut. we're talking about line which

tops out at the range. we count down to the biggest tech i.p.o. this year. what a turnaround. they went from delaying i.p.o. pricing to putting the range to even bringing up the range. >> they wanted to list about two years ago. they were expecting a $1 trillion yen valuation. but that being said -- >> very confident. >> yes, it's a sign of confidence when they price this at the top. and plus, of course, the green shoe option which they're selling more shares. we're looking at at least 1.1 billion. if you include the green shoe option, $1.3 billion which would value line i believe at just under $7 billion. and as you mentioned, one of the biggest tech i.p.o. this year. it should be nine or 10 times bigger than the other one that

we saw. $150 million u.s. >> we know that japan is kind of the biggest country that uses line. but how does line perform outside o that one country? >> right. so i mean if you look at japan, it's cornered the market there, over 90%. you look at thailand, it's urprising. now, all of this said, i think we're looking at this while you're looking at the market where is it's managed to gain traction and set its sights on the middle east and asia. you look at 3% in the u.k. 12% in the u.s. maybe not prioritizing those markets at the moment. our guys at bloomberg intelligence actually said that this valuation, it suggests line has now basically given up on user growth and instead has focused on sales. in other words spending your money not to gain useer bus getting them to spend more.

in other words, this valuation is looking at 32 bucks per user. 218 million of them. >> china is certainly not in there which is dominated by wi chat. what kind of financial performance could we see coming from the company? >> we could see a lot of growth from the company. we were up 40% until the end of last year. we're looking at a net loss which is typical when you look at these tech companies. but that being said sales is what we're going to be focused on really ahead. because from here on, it's not just messaging app. it's a winner take all market. when you look at the likes of snapchat, facebook they've become a one stop shop for all these services. all these other type of user interfaces which i'm not going to say it, i understand. >> thank you so much.

g-20 trade ministers have warned hat investments could plunge 15%. they pledge to improve international trade as the u.k. is leaving the e.u. impacts business decisions. and they encouraged other to approve it. and they hold their next summit n september. the emerging market products with potential for fast growth. japanese life insurers brokerage banks and asset management. this moves comes as bill winters cuts cost and sell businesses trying to turn around the london-based bank which posted its first loss since 199. sources told bloomberg that agata may be reaching out to as many 20 possible buyers ncluding bane, p.a.g. asia and

a.a.r. have interest. tekata is working on restructuring due to recalls. get the rest of the day's news. you'll find indepartment reports and market data. you can watch some of the interviews. hat's on bloomberg.com/asia. >> jules, looks like things are looking better stockwise. >> absolutely. we have seen all of that volatility that has been in marks i guess subside a little bit as we've seen today. a little more risk on in terms of appetite for risks. on the enterprise index sort chinese stocks traded here in hong kong, they have risen the most in seven weeks so joining that global rally that we've seen coming through since friday

on the back of that u.s. payrolls numbers. we have seen a bit o a dip in the crude price and we're seeing some have solid movement coming through. on the china-asia markets we have the p.p.r. numbers through over the weekend. a little bit of deflationary pressures in terms of the gate prices coming through for that perform p.i. numbers -- p.p.i. numbers that were released. that's the biggest jump that we've seen in around three months. so every stock in the black apart from one on niike. and helping out korea by 1.2%. australia's market getting a boost. so quite a lot of buying coming through in a lot of those material players. you can see that coming through across southeast asia as well. i want to show you some of these emergencying market economies. e here up by 1.4% holding up

$1,145. and the fact that we've seen weakness in the yen holding that rise that we had over the past four sessions also giving strong sent development a lot of those export stocks. so a lot of great start to the training week. >> you mentioned crude prices. we have seen a decline. >> yes, we have. and that is as we start to see a lot more drilling resume in the u.s. we did have a numbers of rigs stopping production earlier in the year. but we are seeing that a number of active rigs is at its highest. so that is putting some downward pressure on the wrment t.i. price $44.98. it is worth noting that particularly turnover last six months we've had this huge surge. l traded between 44 and 52 dollars a barrel after doubling there from that 12-year low. you can see the big surge that

we've seen over the last six months. the weakness in the crude price not having an impact at all on the energy sector. you can see on the regional 12%., the oil and is up by led by a number of those players. i was showing you signer pick and the australian prireses looking very good in hong kong. a little bit of weakness coming through from that oil price, perhaps a little bit of easying after those solid gains over the past three months. >> julia, thank you so much. still ahead on "asia edge." we're going o see how sales will do for boeing an airbus at the air show. plus, the impact of brexit on asian exporters. we will discuss that and much more. this is bloomberg.

>> it's 11:13 here in hong kong. president obama has warned americans protesting against police violence to remain respectful or risk undermining their message. the president said rallies held in many u.s. cities over the weekend were legitimate but calls any violence against officer as reprehensible crime. last week's police killings were followed by the murder of five dallas police officers, a 25-year-old army veteran micah johnson -- by 25-year-old army veteran micah johnson. and serious and respectful tone is going to help bilize american society to bring about real change. and that is our ultimate

objective. >> south korea is planning a range of penalties on volkswagen over its emissions scandal. the paper says the punishment includes fine, recall orders, a les halt and a withdraw of certification. they accused v.w. of fabricating results on noise and pollution emissions. about to 150,000 vehicles could be affected. portugal are the football champ yobs after defeating france in paris. the visitors had to overcome the loss of cristiano ronaldo through a first half injury. goal from substitute eder in helped to win.

more than 26 journalist and analysts in more than 20 countries, this is bloomberg. angela merkel expects the next u.k. prime minister will honor the brexit vote. v.d. network 's she's experting it to be filed once the new p.m. is chones. merkel said there's no need for reform. the blank of england announces the first monetarily decision since brexit. and a majority of economicist believe they will cut rates to stabilize the economy. joining us now is andrew sullivan, managing director of sales trading with high tone international securities. well, andrew, really great to have you. we see the b.o.e. more pressure

for them to act. is this -- could we start to see things come into fruition, the realities of this brexit fallout. >> think brexit will take a long time. but what we did see immediately is the fact that this is about currencies -- >> and bonds, right? >> it's all relative value coming back into play. we haven't seen any real move on interest rates. and that's unlikely really to happen in the near future. but the currencies remain quite volatile as people trying to react when is article 50 going to get served? when are the negotiations go to start? and when do we get a picture of what sort of new relationship the u.k. is going to have with the rest of europe? whether it's going to loan or take part in one of the trade practices, what's going to happen? we just don't know. >> we just don't know. i want to throw in a tweet. talk about what we see in -- talking about what we see. he said, you know, what, markets seem to have accepted secular stagnation even if the fed

hasn't. i mean, do you agree with this statement because it seems that we have gotten recession that risk off the table potentially. but when it comes to -- you see a flat number it doesn't reflect the growth. >> it doesn't. people think are coming to the realization that the central banks no long ver any real ammunition to deal with the economies as we see it. to an extent the fact that the feds didn't raise rates the last time which would have been a small factor but at least it would have given them a moment degree to unwind again. and now we've had a very good jobs number. even's really questioning, you know, what's the long-term plan. and the reality is that we probably lived with low interest rays for too long. they do have to go up but that will mean that some companies fail. i think that's still a bitter pill for a lot of governments to really accept. >> what you do mick of this number? -- what you do expect of this

number? we still see job creation. developing. >> there's such a large reservoir of people that can move in and out of the job sector, whether it's students or people at 60. people are looking at whether wages are going up which we saw a slight increase and that's a very positive factor. but it's going to be difficult. and there will be a lot of here say when colleges ended last month or quite what caused it, we don't know. >> is that a good figure for the feds to increase rates? >> it's one number. just like may was one number. we need to see a more positive longer term trend for them to really take that seriously, i think. >> now, switching to the other central banks, i think the b.o.j. coming out of this election that we saw over the weekend, abe solidifying a

little bit of his position in the upper house with his party. is this buy time for them or do they both need to work here with fiscal and monetarily policy? >> there's always been a hope that they would work together in tandem. kuroda has done most of the heavy lifting. we haven't seen a lot of the abe changes this we were hoping for. now abe has a new, you know, agenda, a new support for what he was doing. it's a matter of pulling the trigger, facing the third hour that we've never seen. some of the most difficult choices that east going to affect employment and people's pensions. it's going to be the difficult one to grasp. >> is it cutting negative rates furtherer? >> people have accepted that negative rates aren't work. when the largest part of your money is old age pensionist, having that won't inspire them

to spend money because they're looking after their nest egg. we really have to get back to a more normal system where interest rates are positive and people get paid for saving money. >> let's talk about the fed . o.j. and the china and thank you. coming up, for a sixth straight month, is it a sign of falling prices or finally turning a corner? this is isberg.

>> welcome back. you're watching "asia edge." china's deflation has eased for a sixth month in a row while consumer price inflation remains benign. what are the implication of all this? >> yeah, it's an interesting set of numbers because of course we've been talk about deflation

for four-plus years. 52 consecutive months and that would normally be the headline. it was down 2.6%. so further deflation. but it's an improving situation because of the rising commodity price, oil prices have firmed. property sales have rebounded. o there's underlying inflationary pressures that's affecting p.p.i. we're not expecting it to be affected until 2018. but next year steadily will continue to improve. c.p.i., we can look at that well below the government's target of 3%. we did have a drop-off in prices in vegetable, fruit and eggs. pork prices still high. but it's benign at 1.% consumer price inflation. >> prices have normalized a little bit. when it comes to how this

affects the feed, do you think it will change? >> likely to keep anna buys but unlikely to unleash a new stimulus because there are some underlying inflation there. an interesting point that bloomberg intelligence said that improving situation of p. it. p.p.i. lowers a 3.3% increase in p.p.i. the improvement the easing of inflation has done more to lower the borrowing cost than the entire regime of six interest rate cuts. we might get on friday a setting of policy of the p.p.c. after the g.d.p. numbers come out. we're expecting a growth this is what richard tsenga had to say about that. >> we're expecting more of a

slowdown than the 6.5% in china. so i think that's a bit softer than where most people are penciling their numbers. the casings for china while we don't subscribe to the view whether there's not an eminent or financial catastrophe brewing, growth will moderate over an extended period of time and data will likely show this week as well. >> keep a watch on food prices in the aftermath of the severe flooding. >> a lot of weather-related factors. steven engel, thank you so much. >> let's check in some market trading. looks like it's a very good day for stocks after we saw wall street flirting around those highs after the whopping jobs figure, 287,000. we're seeing shares in the city of about 1.8%. we do see oil trading down. the energy stocks and the

producers doing pretty well. we do see the one surging as well today. one of the bigger emerging markets currently that are leading the pack. 1.9% kospi. you guy's be good. i'll see you later

[ bark ] [ bark ] bye. see ya pal. ever wonder what your pets do when you leave home? [ laughing ] aw you cutie pie. aw. aw. aw. aw. [ barking ] [ washing machine running ]

party's on! know what your pets are up to with xfinity home. xfinity. the future of awesome. see the secret life of pets, in theaters july 8th. yvonne: asian stocks are having their best day since march with the regional benchmark hitting a one-month high. japan is leading gains as the yen fell for the first time in a week. election shinzo abe's win, a show of support for his policy. encouraging inflation data. feel pricing at the top of the range. shares will be offered at ¥3300. that would be japan's most popular instant messaging service raising more than $1.3 billion for a dual listing in tokyo and new york.

raised its ipo price range despite the brexit vote. nintendo is having its best day since going public in 1983 on the strength of mobile game "pokémon go." shares tested the daily limit of a 25% gain in tokyo. it rocketed to the top of the apple store in its first day of relief. shares added $7 billion to nintendo's market value. global news 24 hours a day, powered by journalists and analysts in more than 120 countries. this is bloomberg. let's get the latest for the markets now. let's go to juliet saly for more. start to theid trading week. investors taking the holiday leave from local markets on friday on the better-than-expected jobs report. we also had some consolidation in terms of elections in the region. looking like we are going to see some more stimulus coming through in japan.

the nikkei up by 3.6%. that is the best they we have seen since april. up by 1.8%. have a look at the regional index. for the much almost everything that it lost last week today. it is up by 2.4%. we are seeing every sector moving higher. this is the biggest one-day jump that we have seen since the second of march. we are at highest last seen at the beginning of june. all of that volatility has been wiped clean. 6.2 billion shares have changed hands on the regional index we have about 76% in terms of volume on the three-month moving average. basic materials leading the gains, up 2.8%. movement coming through in the oil and gas sector as well even though we have seen a decline coming through in the crude contract today. it is down by about 1%.

that is as we start to see drilling increase in the u.s. after that very solid game that we had seen in crude prices over the last three months or so. things looking good across the asian region. that is the picture at lunchtime. the wait is over for australia after a tight election. he will be sworn in as prime minister next week. turnbull claimed victory eight days after the polls closed despite votes still being counted. let's get to paul allen in sydney. shortenear bill concede, so how clear does the election result look now? paul: they have gone over the line, the coalition. turnbull's malcolm coalition. , ithe numbers do not change is likely they would change in the coalition's favor.

then they get to 77. there are already 150 seats in parliament, so that gives them a majority. malcolm turnbull will have to work very hard to make these for his own party as well. there is concern that a weak government is going to mean week policy and wider deficits. that could weigh on the aaa credit rating. yvonne: you mentioned the aaa credit rating. s&p putting that on negative watch next week. it made headlines, but markets just need to shrug it off. in political circles, a great deal of fuss. markets did not seem to care. a lot of things at play. low inflation, low wage growth, the prospect of a credit rating downgrade really seemed to rattle investors in australia's bond market. we take a look at the asx today. we are up nearly 2% there.

one expects that is less to do with the end of political turmoil and more to do with what happened in the u.s. on friday. it goes to prove that what happens domestically is only a small piece of a large puzzle. you are quite right. the markets shrugging off that warning. yvonne: thank you so much. tosion funds are about become multibillion dollar stock market players. that is part of a plan to boost yields for a pension system that has been suffering low returns. justine.to she joins us now. what size of investment are we talking about? >> the chinese pension funds are going to hand over ¥2 trillion to the national council for social fund, which will help them invest. up to 30% of that can be put into equities. you are talking about ¥600 billion here. china: we have seen

pensions steer away from these kinds of investments. why are they jumping in now? >> chinese pensions have been suffering low returns for a long time, limiting their investments to bank deposits and government funds. as everyone knows, china is facing a rapidly aging population. those low returns are certainly not helping. as some analysts have told us, this is not a bad time to enter, either, after the significant market correction we saw last year. yvonne: is this going to have an impact on stocks? >> the 600 billion yuan could exit equities. it is a fraction of the shanghai stock market. the chinese stock market has been dominated by retail investors. it is good from a structural point of view to get an injection of some of this long-term cash. as one analyst told us, the national council for social security fund, which is going to

be managing these investments, has been a very effective value investor. you could see this as a bullish .ignal to buy the state fund as one strategist said, it is like warren buffett buying the stock. yvonne: thank you so much. a look at some of the other stories making headlines now. deutsche borst is said to lower the threshold for shareholder approval on its london stock exchange acquisition. the decision will be reached monday after parties involved examine a technical issue. deutsche force says investors have until tuesday to tender their shares. hewlett-packard enterprises is continuing -- considering a sale of some software assets as part of a plan to streamline operations. sources say the company is looking to divest acquisitions made over the last decade, including autonomy, mercury interactive. they are said to be in the early

stages and may not result in a deal. films continue to dominate the north american box office as "the secret life of pets took the top spot in its opening weekend. the family features raised more than $100 million. five of the 10 top movies this year have been animated. universal is hosting -- hoping to cash in on the trend by buying dreamworks animation for $3.8 billion. its head back to china now. companies have been on a spending spree in everything from health-care, hotels, and tech. many are making a massive play for soccer, as much as $1.7 billion into a sport that, until recently, attracted zero investment. let's go to jonathan browning. he is with us now. why the surge? >> it comes down to china's

position in global football being pretty lowly. they are ranked in the 80's. the president has made this a priority, that he wants chinese football to be something that becomes far more competitive and ultimately win the world cup in 2050. that is what is driving this investment. yvonne: what has the responsibility terms of international players and teams? >> they are welcoming that money. there is an interesting case where ac milan, the famous italian soccer team, are waiting for the chinese investment to close. in the meantime, they cannot sign off on any deals. they cannot transfer their players until the final happens. so they want it, but it is a bit frustrating, the process. yvonne: where is the trend going to be heading? >> much more of the same. we are hearing of chinese investment in potentially many other soccer teams around your -- around europe and even in the u.k.

yvonne: thank you so much. let's check out some big events we're following this week tuesday will bring arbitration on disputed waters in the south china sea. the international court in the hague is to rule on the philippines claim to the islands that are also claimed by china. also on tuesday, leaders of the eu and china meet in beijing for their 18th bilateral summit the premier is the host representing the eu. the two-day talks will focus on political and economic relations with a fallout from the brexit decision set to dominate. the bank of korea announces its latest rate decision on thursday. it is expected to hold at the record low of 1.25%. that is after the cut last month with the central bank governor signaling the chance of further easing to come. on friday, the latest economic data coming out from china. it could be slowing even

further. economists expect gdp to have risen 6.6% last quarter. that is compared with 6.7% in the previous three months. lots to digest this week. coming up, the latest news that show germany's economy is stabilizing. is it out of the woods just yet? that more in our group discussion. this is bloomberg. ♪

is 11:42 in hong kong and 9:12 in mumbai. the latest headlines. searching for a partner in europe after culinary talks with firms over a possible joint venture. ta is reviewinga u.k. assets after four companies pulled out after the referendum. the u.k. government said it will help with the sale as it looks to protect it in thousand jobs that may be at stake. chinese hedge funds are turning

more bullish after the brexit vote. about 76% of funds plan to add holdings this month, which is a jump from 50% in june. the managers said attractive valuations saw the benchmark down more than 40% from its 2015 peak. north korea fired a missile on saturday one day after south korea and the u.s. agreed to deploy an antimissile system in the korean peninsula by the end of the year. north korea has described new u.s. sanctions targeting leader tim john kuhn as a declaration -jong un as a declaration of war. global news 24 hours a day powered by journalists and analysts in more than 120 countries. this is bloomberg. a check on the markets in play across the region. in sydney, asian stocks in

general with the best performance we have seen in about a month. rose to a one-month high after we got that blowout number in u.s. jobs. we do see crude a little bit down today. gold rising slightly. let's go to singapore. acrossseeing this trend the board in the asia-pacific region. the jobs figure up about 1% right now. hong kong, one of the big leaders after japan. shares of about 1.75%. tokyo, we are dealing with a weaker yen today as march machine orders did disappoint. stocks up today after prime minister shinzo abe solidifying his position. welcome back. andrew.me are david and this brexitbout

fallout. has much changed in your portfolios since then? >> we saw an initial change. the whole downside was the fact newsit was open when the was out for europe. it very quickly recovered pick the companies in the u.k. are not backed companies. just the currency has changed. for investors that were not invested properly, they are now 25% cheaper. there are a lot of attractive opportunities. we have seen talk of the u.s. big property hedge fund looking to buy assets from some of these u.k. insurers who want to dispose of them. they suddenly have a 25% discount for owning u.s. dollars. it is not all one way. david: is it going to continue or do i wait for the pound to fall further? andrew: at the moment, we just do not know. i would think that the trend in the uncertainty, not knowing

with -- what is happening with the timing, how the u.k. will approach its trade relationship not only with europe, but the rest of the world -- it came out of the commonwealth to go into europe. what is going to be best for europe? we just don't know. there will be that uncertainty and markets do not like uncertainty. abe probably getting a super majority in the house. what does that indicate? hopefully it means we see the fabled third arrow come out. we have not seen it before. the bank of japan is limited now and what it can do. it has very little it can play with. now it has got to come down to abe bringing policy changes that will drive the economy. in thely, this vote

support that he has got is another pat on the back for abenomics. yvonne: what was the alternative life if they were to vote not for abe? andrew: the whole point would have been that it would have been a very unsettled situation in japan. it would be left in a hung parliament which would not have done anyone any good. grasp thet to see abe opportunity and do something with it. we saw that last time. he started with upside and it just teetered away. i think they were looking forward to maybe seeing some stronger action. you were just telling the story about chinese hedge fund diving into the market even more now. what is your view on that? where are we on the shanghai composite? 3000? about that level?

are you more bullish on china now? andrew: there are good opportunities. there are two things. the yuan continues to drift lower. for people with assets that can move them offshore, opportunities like brexit give them a very good opportunity to load up on international assets. there will be that side of it. data thatd the ppi came out, there is some encouragement there. factory prices are continuing to ease. we will start to see a real tinderbox of recovery coming through. it is going to take time. yvonne: at least another year. andrew: we have a government that is keen to try to drive things forward. he still wants to change the economy. all the building blocks that were there beforehand are still there. the problem is addressing the bad debt situation and lack of competitiveness. there is still upside.

there are still problems, though. bigger, better, stronger. david: is it going back in time? andrew: i think it is. letting the boards of these companies running the companies and make the decisions was a good one. going back to having party control worries you that the government is not quite as stable as one might hope and that there is a lot more infighting going on. >> the government says they are going to try to go higher with the markets. andrew: that is what these companies need. the ironic thing is, in the west, we criticize the soe's for not making proper decisions. here we are having central banks giving money away and not making proper decisions. the whole world is doing the same thing now and it is not working. toid: what looks attractive

you when you look at hong kong? we have seen the market come down a little bit. some of these names have held up quite well. what looks attractive? andrew: on the basis that the fed is not going to change its attitude on interest rates in the short-term, a lot of those interest rates think stocks are still going to be attractive to they are still doing well. they are getting it off their own country and selling it evil. that is good for their investors. they may get a benefit from the brexit. assets,ecoms, water things like that. yes, they are going to get hurt as far as currency investments, but they would be looking for new investments and opportunities. you still have to look at companies on a company-company basis. there are no easy answers. , bute moment, it is gold you have to be quite fleet-footed and taking

opportunities, because they run both ways. yvonne: it seems like the brexit overshadows some of the things we have seen in china recently. once the dust settles, do you think we could see capital outflows from stabilization ramping up once again? andrew: it is always possible. china is in a lovely position where no one is going to hold of their hands because we are seeing such a huge desire was in sterling. there are some days when it sets the rate slightly higher. it is moving towards a basket of currencies. it is not going to make a sharp devaluation. it has got to be much more managed. yvonne: andrew sullivan, thank you so much. always great to have you. makers sayaircraft the sky is the limit when it

comes to new orders. we check out the multibillion-dollar deals set for takeoff. ♪

yvonne: welcome back. you are watching "asia edge." boeing and airbus are both set to weigh 100 -- two way billion dollar deals. they look to ease concerns about a slowdown. we are expecting these multibillion-dollar deals, but it seems like it is an industry racing for smaller deals or fewer deals, i should say. >> at the moment, industry watchers are watching. it is a big event for the industry. they will be looking to see what kind of orders come in. there is concern that there is a slowdown, especially in the

white-bodied planes -- the wide-bodied planes. merrill lynch has said that they are expecting a quiet airshow, perhaps seeing orders deferred to the next six months. bloomberg intelligence saying that local airfare is under extreme pressure. asia, the middle east, south america seeing downward pressure on their prices. and they are declining by double with the worsening global economic situation. concerns that the larger aircraft could see a bit of a hit. yvonne: so could see a quiet airshow. what type of orders could be in the cards? >> for example, the workforce type planes are still doing well. we are expected to see orders coming in from those. ,ources are saying that airbus

and indian airline could be newly 17 of those, which is a huge order. that order could be worth about $7.5 billion. boeing is said to be talking to air europa and also tui. so there are still orders coming in, but maybe fewer for the bigger planes, while the smaller planes may still see some demand. yvonne: thank you so much. keep it here. we will be talking to some big guests on the air show later today. ceo joins us live on bloomberg at about five: 10:00 p.m. hong kong and singapore time. 10:10 p.m. if you are in london. ceolater, qatar airways' will join us.

bloomberg markets middle east is coming up at the top of the hour. yousef, what do you have for us today? >> good morning. we have another jampacked show in store or you. egyptian stocks have been soaring in the last trading session. we will get you the reasons why do a lot of it has to do with the devaluation. happenaders say it could tuesday. then we will continue our conversation with the chief executive at intermarket strategy. we will talk sterling and take a look at some of the commodity plays in other foreign currencies. then we are joined by the chief asia economist at standard chartered he maintains a positive outlook and sticking with big calls on china and the fed as well. plenty to look forward to. yvonne: we look forward to that. thank you so much. that is it for us on this edition of "asia edge."

foray, a pretty good day stocks after we saw the wall street session on friday end close to those record highs. we will see how things go here.

yousef: egyptian stocks lead gains across the middle east as traders bet on a devalue mission of the pound as early as tuesday. >> cutter more than tripled its on sale underwriting fees. more delays. iran says it is not done yet in tinkering with its oilfield contracts.