♪ haidi: emmanuel macron is the new president of france. his victory is seen as a boost for europe and a blow to populism. betty: marine le pen accepts defeat bethesda has been a huge step forward for the french far right. we are live in paris are you haidi: another boost for $2rastructure, getting billion for road and real improvement. betty: warren buffett looks to the future, say they will be fine after he is gone. hello from sydney where

it is just past 8:00 a.m. this is daybreak australia. we are two hours away from the open of the first major market. betty: it is after 6:00 p.m. in new york. we will be looking at how the french election, how that will play into the asian pacific trading day. we know for the euro, it is strengthening right now. a lot of the macron victory was already priced in to the european currency, so sophie has more on the market action so far. sophie: markets liking the defeat of le pen in the vote. we are seeing the euro climbed following that victory, signaling appetite for risk in the early trading station -- session. whenonly go up about $.01 it comes to the euro gains, but it is more than the two percent we saw in the first 15 minutes

of trading. this is a fairly muted again for today, traders largely priced in the macron win. and find to the boat, is that we should not expect fireworks. it is not the case today, but the exceptions -- elections are a positive for the eurozone, and macron will strengthen the common currency. they had concerns over rising populism which could be seen as a litmus test when it comes to the upcoming german elections. macron havenow, quite a task before him. does that feed into future expectations? sophie: that is exactly the case. he has parliamentary questions, wonder if the party can pull together an ability to push through an agenda which we have yet to see where the details are . further upside for the euro will be determined by what the ecb

may do. and morgan saying it will be difficult. we will look to french bonds when they start trading on monday, to engage market expectations. soon a gap between france and germany's 10-year yield leading to the vote. this is premium that investors have been telling french -- the overburdened fell. but this narrowing may slow. this couldshows how be in the offing after friday's close that brought the risk premium to 43 basis points. we are going to get the risk momentum, the tokyo opens. look at futures for asia, we have more liquidity into the picture, so we will see if this risk appetite is maintained. japanese markets are looking at a stronger start.

this is after a long break last week, stocks were off for the golden week holiday. we are seeing futures higher in australia, but in south korea, a weaker open. we have south korea going to the polls on tuesday, so a lot of may have been driven by politics. we are not quite done when it comes to geopolitics yet. thank you for that. there does it to be a feeling of optimism in the market if asia wakes up and gets ready to react. francel macron has told a new chapter begins now. it is a victory for the european union and a blow to the waves of populism building around the world in the past year. let's get to paris. it righthe polls got and we are seeing a sigh of relief across the markets. reporter: we certainly are. remember this is an

extraordinary defeat -- extraordinary feat or my cap -- emmanuel macron cure he was relatively unknown when he was picked from a high the scenes of the french presidential palace by the french president, francois hollande, to become economy minister, a post he held from august 2014 until last year. just over two years time. since then, his popularity has risen and risen, and this evening he was elected french of thent with around 90% votes counted. he has 60.3%, so this is a resounding victory for emmanuel macron. marine le pen is at 35.7%. betty: the big question in a lot of people's minds is after seeing brexit, after seeing trump elected, is this the end of the populist movement in europe? reporter: i would say that

definitely the national front party is probably disappointed this evening because the leadership of the national front, they were saying a good score for them would be about 40% or so of the vote for marine le pen. they did not get so, they did not get that vote or that result by quite a wide margin, so this is most likely a disappointment for the national front. that being said, marine le pen will get 11 million votes or so. that is something a few years ago the national front could only dream about, that kind of result, so they have made clear progress. they are hoping this is going to a certain extent open the floodgates for the next presidential election coming up in five years in 2022. they are looking ahead to the legislative agenda in june, june 11 and on june 18.

in two runs. marine le pen made it clear in her concession speech she would be around to find that election and to hold emmanuel macron's feet to the fire. betty: 11 million votes is nothing to sneeze at by any means. what about the ecb? does this give the ecb and all clear when it comes to political risk in europe? markus: i would not say it gives it an all clear. we have legislative inspections in france coming up. we also have the vote in germany coming up, the national election there. will angela merkel get another inm in power as chancellor germany? that is a big question for the european union and for the euro. then we have this italian elections and perhaps another greek election, so there is plenty of political risk after

this election. that being said, i would probably say the leadership around the you countries this -- the e.u., they are probably drawing a sigh of relief. this does remove and existential threat for the euro for instance. marine le pen had pledged to pull france out of the euro area. that did not happen, so we are probably seeing the european leadership drawing a sigh of relief this evening. haidi: the president-elect inherits in a lot of ways a deeply divided france, traumatized by the waves of terrorist attacks, economic issues as well. in terms of what he is saying is next, is it an uphill battle? how will he do in the parliamentary elections? hinges onwould say it these legislative elections, on the 11th and 18th of june.

without a parliamentary majority in the national assembly, micron would be facing an uphill battle. but the latest polls are going in his way. his political movement, which ,ranslates to on the move according to opinion polls, they would get anywhere between 240 and 260 seats in the national assembly. they need roundabout 290 to get a majority, so they are not quite there yet. the political movement that has just gone about a year, that is tote an extraordinary feat get that many votes and that many seats. we will have to wait for the legislative elections. things are looking better than they did for emmanuel macron when it comes to the legislative elections about a month ago, but he still has to cobble together some sort of coalition, which

means either's has to lean to or theerate right-wing left wing mp's from the socialist party. that uphill challenge lies ahead for this youngest ever head of state. you see the attention of the euro markets. really appreciate that. let's get you caught up to date with first word news with rosalind chin in hong kong. rosalind: the first cash spotters of 400 billion aussie dollars. the bank also announced a dividend of $.94 a share in line with analyst forecasts. they say they see resilience and good prospects for the economy. they are expecting house price growth to slow. china's foreign exchange reserve increased for a third month as kaiser capital controls is easing currency pressure kept my

from flowing out. the pboc withheld $20 billion to end up $23.3 billion. -- trillion. they haven't stockpile. -- have a stockpile. the san francisco fed is looking for three or four rate hikes. he is showing signs of expanding beyond the available rate and operating above potential. employers added 211,000 new jobs in april and the jobless rate fell to 2.4%. >> the economic data the last few months has been consistent with a steadily improving economy, an economy in good shape. maybe we are a bit beyond maximum in terms of a sustainable level of unemployment and inflation indicators on a number are

moving in the right direction. rosalind: warren buffett has assured shareholders they will be fine after he has gone. if i died, the stock would go up tomorrow, and speculation about breakups would be a good story. investors are expected to see someone emerge as the next leader. but he hopes that person will be very rich. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. ♪ betty: all right. looking ahead, we are going to be live in seoul. the eve of their presidential election. billion play, one of australia's largest media companies. this is bloomberg. ♪

♪ betty: we are counting down to the sydney open, futures looking pretty strong in about two hours' time from now, up 1%. i am betty live in new york. haidi: i'm haidi lun in sydney. you are watching daybreak australia. looking at futures ahead of the citi open, asian futures are broadly higher in the wake of that collective sigh of relief appalling scenario with the french elections. look at how we close in , i risk offown 0.7% session. we had the plunging commodities, inching the index the most in one year, horrible selloff in iron ore, a little bit down for a couple days. taking a look at how things might be brighter in the start of trading. we have got the last of the big

banks coming out with their earnings, and westpac, many surprises. paul: westpac will be quite pleased with $4.2 billion, up 3%, net income $1.9 billion. the dividend is $.94. .he critical margin, 2.70% where we are seeing those, it is narrowing down in the past week and we had national australia bank. both of the banks shares sword. -- soared. we expect household credit growth to ease with the results as the house price is slow in australia. will be interesting to see that. haidi: and in the media sector we are seeing moves, announcing a pretty massive job cuts. it could be waiting in the wings. paul: tpg, not the internet

company, the other, is having a deep merger with fairfax, which would break up the media growth that has sold for tested for 176 years. the sydney morning newspaper, amalgam,alent of the and the domain name for fairfax, not showing much. streaming dentures and regional tapes. this will the bulk of their assets. saying playing it calls the review of the indicated proposal noting the values of the company at $.90 per share, fairfax trading at $1.06. they are saying there is no certainty this will result in an offer or what the temps might be. arey: more details trickling out about the budget to release on tuesday. what are the most exciting parts of this budget? paul: there is more about the

infrastructures which we have been hearing a lot about. , $2.3 billion rail and road project for west australia, the bulk of the money will go on future rail expansion and improvement. western australia has been struggling with a slowdown after the end of the mining infrastructure, the state most hardest hit. rising debt, rising unemployment. it is interesting. the prime minister previously this $2.3 most of billion what would be sent on. there was no more than a press release, but now plenty of money for it. the government is now popular in western australia. porkring if you smell some in the air. betty: possibly. not that great. haidi: thank you so much.

more on emmanuel macron's victory pier 1 it all means, -- victory. what it all means we are joined by a currency strategist who is more bullish on the euro. have not changed his forecast. this is bloomberg. ♪

♪ betty: that was earlier with emmanuel macron greeting an have juliette crowd. crowd.liant it was widely expected but surprising that it was in fact, that it turned out the way it had expected. macron winning by a wide margin over the far right le pen and made several remarks earlier. can he carried the momentum into the legislative election and get

changed on -- change done in france? haidi: a commanding victory over the national front, marine le pen, but is a commanding enough as they go into the parliamentary elections? the majority to give you that mandate. and given the moves in the euro, 2017 highs in the friday session. if you look at this chart, technicals have been suggesting the dollar is not very good. the euro is. we are seeing reluctance to not go very much higher, and this is checking itself to see what can be achieved by this youngest ever elected head of state for france as he tries to really unite very divided country and of france but is facing economic issues as well, unemployment,

sluggish growth. sayingot of suggestions it is still down to central banks, where the ecb goes, whether mario draghi gives where qe goes next month. regardless, a cyber link for the markets. and we are seeing that in asia. betty: as you can imagine, there is plenty going into the euro and europe after the election results we can see that throughout the rest of this week. bloomberg terminal users, you can follow this story and all of the day's trading at the market live blog. that is mlb go. get it in one click. analysis. find out what is affecting your investment right now. according to the european investments. paul singer is said to have raised $5 billion in 24 hours

for his hedge fund last week, the biggest ever capital raising . he told investors he wants cash on hand to take advantage of market opportunities. sources tell us it is opening its doors to new capital on march 3, reached the goal next day. it is turning away requests from investors. has gottenubishi approval for the airlifts, also known as lou gehrig's disease. it is the first new drive in more than 20 years, and only the second for the sufferers. , makings control loss talking and eating difficult. 5000 americans are diagnosed with the each year. betty: china taking control of the internet, monitoring search engines, messaging tools, and apps. but they want websites to go public or the hope to speed up

the growth of online audiovisual content, multimedia, and technology. shenhua says china wants to develop cultures -- by 2020. haidi: the government is planning to scrap the current 50-50 joint venture requirement with foreign carmakers. they are seeing groups like the city spends and hyundai in chair -- in china. they said the reform of dave own enterprises is the biggest challenge. >> as one of china's leading auto companies, the biggest challenge for ba i see are the sme reforms. the chinese government has put reform high on the agenda, and the time is oppressing. as the chairman, my biggest pressure comes mostly from this front. about the 50-50 joint venture agreement, i think the policy will get changed. it will get scrapped for sure.

the door will be opened for sure. is not a huge challenge. maybe a few years ago, it would have been a big the faculty because at that time, china's homegrown brands were in their infancy. in light of the fast growth of the home auto brands, lifting the restrictions on the 50-50 joint venture will not be a threat for us. reporter: what do you have to do to stay ahead of planned or proposed or profitable changes to the ownership structure of joint ventures? do you have to be number one at autonomous driving vehicles? what needs to be the priority is the --50 our fee across fiat chrysler? what do you have to do if the landscape is changing. >> we encounter what is great with our strengths, leading

technology is our trump card. the global technology is investing in intelligence. autonomous driving, and activity, electric and lighter weight vehicles. china has absolute advantages with these trends. intelligence and internet. scrapping of the 50-50 arrangement will not happen overnight. soon domestic chinese cars will make up more than half of china's out of sales. -- auto sales. with strengths like these, why should i be afraid? i have heard lots of rumors in the market, and i will allow you to maybe address them if you want. can i talk to you about the possible ipo, and what is the progress? is there any progress? is there any truth about the fiat chrysler joint venture? >> the vehicle company has been developing soundly in recent years p.m. we completed a --

recent years. we completed a new round recently. that is all i'm going to say today. betty:

♪ haidi: it is 12:30 a.m. in paris, 8:30 a.m. in sydney. we have futures showing the upstate -- upside close to 1%. shows -- these shares closing lower on friday. a lot of commodities. i am haidi lun in sydney. worried about the inflation trade. it is 6:30 p.m. in new york. you are watching daybreak australia through let's get to first word news with rosalind chin. rosalind: emmanuel macron is the new president of france after defeating marine le pen. he got 62% of the vote and was seen as a boost for the european union and a blow to the rising

nationalism. the party leaders accepted the loss but said it was a massive success to the far right. the parliamentary elections next month, macron prepares to name his government. tonight and in the next five , i will take on the responsibility with determination to serve the country on your behalf. long live the republic of france. people have chosen a president of the republic. they have spoken. i have gone to the cron to congratulate him -- emmanuel macron to congratulate him. i wish him well. isalind: western australia to benefit from a road and rail infrastructure boost, worth $2.3 billion australian.

half of the money goes into the metronet funding. western australia has been hard hit with the downside in mining. oil minister said the country will go along with whatever opec decides of a key meeting this month. he said all indications are that investors want an extension on the production curve the started in january. iran was allowed to increase its output. crude has lost all of its games and will cut them in november. goldman sachs and citigroup, both opportunities in the oil markets. goldman says oil will decline if opec extent production cuts beyond june. city said the oil prices slumped to a five-month low driven by technical trading. the company's head of commodities set oil is a buy.

>> i expect it is a great buying opportunity, but the market is pricing in. robust see even more inventory growth. there will be a shift in sentiment. that will boost the price going forward. they are acting a big jump in price by the end of the year. rosalind: the premiere of taiwan is eyeing opportunities in china even as they will boost trade links with the united states and southeast asia. the first meeting was almost a year ago. he is not against the economic links. he called china a big market that should not be pushed away. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. ♪ thanks for that. let's get more analysis on how the markets are going to interpret the results of the french presidential the -- election. emmanuel macron had a decisive victory, although rain the pen

said it was a success for the far right. our next guest said emmanuel macron's victory is good for the euro. we have the currency strategist at national australia bank. great to have you. a pretty simple chart. the euro has been sort of hit hard in the friday session, but in the wake of this result, it has been fairly muted. i like this comment from strategist saying the markets associated across the great enough for who he is but who he is not. he does not threaten the existential reality of the euro. went higher. does that go back to the ecb, what he is able to achieve as opposed to what he symbolizes? >> i think that is right. we have seen a lot about the market. that has become an elected

position with the speculative positioning. we have a short europe position. they have gone supportive for the euro. they will do a little bit of room from a perspective. we had some real money on the sidelines waiting for these french mists to dissipate, now they will breathe a sigh of relief and start focusing on the economic activity on the inflation outlook. they will talk about labor, which will be supportive of the euro. haidi: one of the most interesting pairs that has seen action is the euro-yen. do you see that going with a sigh of relief? >> there are two dynamics going on here. low momentum from a flood perspective, and the ecb will start supporting for taking away this ultra policy, so that

is strong for the euro. the yen is very much dependent on gold and out country yields. top 260es the 264 the two to 30 range. again, weakness for the yen. so the combination of yen weakness and euro strength makes it attractive. betty: is one of the big factors holding back the euro, the fact we are likely to raise interest rates come june? >> a little bit. i am not looking at a u.s. dollar story. we think the u.s. dollar has been weakening for the past few months. we think it will slowly surge. the second half of the year, they u.s. dollar will hike in june but also maybe september. the euro and a sense will have been battled her the ecb talking about the economy, the process

of putting this on paper, but we will see resurgence in the u.s. dollar. so the euro will perform better in the u.s.. betty: and if i may switch over from europe to asia and in particular the reserve numbers coming out on china, looks like these regulations, the capital outflow moves by the regulators in china seems to be working right now. are we going to bet on this yuan, andhere in the that will stay? rodrigo: yes. to some extent, the policy has it. china has been affected, but the caveat is they are increasing in reserves, that has occurred this year. so for us, the big test or the

real test will be have the reserves perform year-to-year against the background of what we expect to be a stronger u.s. dollar. betty: let me point you to this chart we are showing our viewers. this is 8389. the stability on one hand is a real sort of shout out so to speak with the regulators and what they have done so far, but it also could be seen the other way, which is the last time we had this instability, we were a sharpd -- devaluation. are we perhaps looking at a similar situation, or is that not even priced in? i don't think that is priced in. to some extent environments are trying to dissent. china has been talking about focus on on the stability of the

basket. they will keep aiming for that. and the challenge will be to deal with searching for output in the year. haidi: thank you so much for joining us. the strategy -- currency front list for australia bank. let's get back to u.s. equities, joining us is su keenan with more on u.s. markets will fall before the election, but a lot of data to come this week. su: we have a lot of economic data. first of all, let's go to the bloomberg and look at the coalition just correlation between oil and stocks. the left-hand side is pretty much moving hand in hand. the right-hand side now, they are more in order, far apart. we are seeing oil and stocks the least correlated since 2007. let's go to the oil chart,

$44 on oil fell below friday, rebounded. that was a correction to a condition here. u.s. ise rebound in the erasing the views that opec or eat away atf the surplus. so question on where do we go, so let's go into the chart. onre is a record again friday, the growth in the job market. industrials,om, pushing that higher. that is a big question as well. betty: let's recap the jobs numbers. unemployment falling 4.4%. su: that is surprising. you asked around our there are some people that are out of work, it could be the unemployment benefits only go for six months now. is like the data, but

great news, employers added 211,000 new workers. haven't heard his tax cut base, or the claim is made to push growth. do need revenue growth for the government at risk? trump in his budget will be cutting many departments in washington, looking at a 95% cut in the drug enforcement division, raising a lot of eyebrows. as we look at earnings coming out, we will get to those in a bit, they are overshadowed by cpidata for retail and cpi, having a slight boost, retail sales a little bit. 8385. retail sales are expected to rise. that is the line you are seeing coming off of the weak data we a bigad, but it will be

number. any disappointment that shows uncertainty in the market. haidi: as you mentioned, earning seasons continues. what are you watching? su: marriott will be out monday after the bell. there have been strong reports from some of the hotel group. the hotel industry, lobbying appointees to put people on the ftc, pushing back on online companies like expedia, priceline. had a good year, they were in a record early in may. they are expected to come in at 97 -- $97 a share. tuesday,ter the bell they are up 7.5% year to date. and going into friday. guardians of the galaxy is their new movie. it was number one at the box office. it will not be in the earnings, but it is a big franchise, so

they will pull in big numbers. then alliance, mixed numbers, people raising questions. they will have numbers on friday, up 7%. and we have a very interesting mix of companies from entertainment to finance that will be out. right, thank you for that. a look ahead on the earnings of all of the in dallas week. the french election results will be felt across the world. we will look at key events coming up in asia. ♪

♪ i am haidi lun in sydney. betty: i am betty liu in new york. quick check of the latest business flash headlines, warren buffett said his ill-fated bet on ibm should not discourage

future tech investment. ibm shares dropped as he said, he cut about a third of his stake. speaking at the annual meeting over the weekend, he said he blew it by not investing early on in google. berkshire holds more than $19 million of apple shares, but they say they are more of a products company than tech. has fxppg capital meetings. their top three newspapers. shareholders will get $.95 per share in the company including the new zealand is this regional newspaper, and a stake in radio and streaming ventures. it is reviewing the proposal which may not boost shareholder value. wants qatar airways to sponsor the next several world cups. it will be the official partner inthe tournament in russia

2022. the ceo said fee for embodies the power of football hilarity and is a natural partner for the airline. get one more what we should be watching with trading underway in asia. adam is with us we look at weekend events. we had the 2017 high, maybe that is all we get until the next cut off. >> it is muted reaction really. macronexpected emmanuel to win, and investors price to that in from earlier, eight weeks ago. and there is still concerned that he needs legislative support to get through his reform agenda, so plenty still to get through. not surprising we are not seeing a bigger move in the euro. the way everybody will look at it, the sentiment they had off of the back of friday and the

jobs report in the u.s., asian traders have not had a chance to react. we are getting uncertainty showing in the australian futures, which are looking higher. the firstrading for time since tuesday, so they have plenty of catch-up here there has been a move higher in stocks over the course of those days across the japanese markets being closed, the yen has not strengthened in any meaningful way. there may be room to buy a little bit in the japanese market. the big news for the day is the trade data assuming we get the chinese trade data today. as we look for the rest of the week, that will be a key thing that investors can get the latest update on how it is developing. week.e saw last it will be an interesting stock. betty: interesting indeed. that is the word to describe it.

bloomberg reporters have been examining how much china's deleveraging is costing investors. so with chinese leaders, how much more pain can they stomach? adam: the numbers are getting pretty big. you just bring up the bloomberg chart, we can show the extent of the route we have been seeing in the equity and bond markets. we are now up to about 453 billion with the chinese stocks over this time of crackdown by the regulators are also seeing $24 billion worth of canceled debt sales and of course $48 billion has been ejected from but -- from the pboc into money markets. these are big numbers, and the expectation really is the regulators are happy with how it is playing out, and they are prepared to continue that. they are not thinking about any change of tack.

j.p. morgan asset management is saying we would need another 10% decline in either the equity market or the yuan to see any change of policy. so for the foreseeable future, we can expect more of the big moves from the regulators in china. betty: thank you so much, adam haigh with the setup for the markets this week. the markets are shrugging off south korea's last presidential election. is this one going to be any different? what are the polls saying? we are live in seoul next. this is bloomberg. ♪

♪ i am haidi lun in sydney. betty: i am betty liu in new york. you are watching daybreak australia. south korea electing a new president on tuesday. the kospi remaining resilient in

the rising regional tensions, corporate scandals. this is a country that just weeks ago southern president impeached. shery ahn is in seoul for the elections. rebellion is one way to describe what is going on in south korea. how will this vote affect the outlook for the country? this is a very closely watched election to say the least. you mentioned the historic out, of park geun-hye. that authority 26% voted in early voting thursday on friday. that was about 11 million of the 42 million that are eligible to vote. now this is to decide the fate of the conglomerate. they own about 20% here in south korea. depending on who wins, reform a

change. also north korea. geopolitical tensions are high. how do you deal with a growing china? and the u.s. administration, all of that will depend on who takes the reins are in the race has been dominated by a liberal of the democratic party. also a centrist of the people's party and another person of the conservative liberated korea party. you can see behind me supporters of the conservative candidate are campaigning still outside. this is a time of very high tensions within the south korean economy. this is the epicenter of months and months of protest both for and against the ousted president park geun-hye. as you here already, there are protests going on. the government has many people endeavored here -- gathered here

for one or another cause. they are asking for the economy to be improved and for people to be able to survive in this environment, haidi. haidi: you went through that and of many downside risks challenges for the next government, but the markets have not been reacting. why are investors positive about korea? it is like teflon. , closing at a record high on friday. they have been gaining ground, 10% year to date if i am not mistaken. the reason is because korean stocks are still cheap. they are a bargain. if you look at this chart on the bloomberg, that was a 305. the 12 month p/e ratio is the lowest five-year average. you can compare them to the shanghai composite, the hang seng index. this is relatively cheap, not to mention you have to consider the optimism of the korea discount

may dissipate. that has been the conglomerate -- tradingreating at at lower than their peers in the u.s., japan and europe. now there is more optimism about reforms, people are wondering if these stocks will get a further boost. betty: speaking about that reform, what has been done so far resort seems like it is always lipservice about korea. shery: yeah, decades and decades of lipservice to say the least. doesn't reform proposals are still sitting in parliament. the lawmakers are saying just the easy ones may pass after the election, but what will happen to the reform bills that are out there, for example one of them would be enhancing governance like preventing large shareholders from rolling a

friendly. --ple could be on allowed disallowed to use treasury shares to consolidate their power, but in these reform bills , it is sitting in parliament, and they need to be passed. several people have tried to clarify their shareholding. they have tried to implement reform, but samsung for example, the de facto head is facing allegations of corruption, so there is a lot that needs to be done. betty: thank you so much. you will be staying with us throughout this morning leading up to the election tomorrow. we have more on the election and what it means for reform in korea on daybreak asia. we are joined by the seould financial chairman. it is a: 50 in new york. stay tuned for that. haidi: that is it for daybreak

australia. yvonne and betty will be next with daybreak asia. we will see what this means for extraordinary development in the

♪ macron sews a new chapter begins now. >> marine le pen accepts defeat. we will be live in paris. >> the euro picks of strength, a boost for the european union, a blow for populism. >> asia-pacific market set to rise on the election to japan gets back to business after a three-day break.