it was also a similar story injapan with the nikkei 245 similar story injapan with the nikkei 2115 finishinge shanghai composite index was up almost 2% but we have to point out that markets had a shorter session with the lunar new year holidays. i asked david from the motley four how he described the month of january. asked david from the motley four how he described the month ofjanuarylj think the month ofjanuary has been a fairly cautious month. what we saw towards the end of last year was the market was giving donald trump the benefit of the doubt, saying he could make america great again. what has happened is they don't want donald trump to make america wait again. they have said, show us what you are going to do. if you can do it, then of course the market could rally higher. if he doesn't, we could actually see most of the gains evaporate. so is this a sign, then, for asian investors to stay on the sidelines? i don't think so. i think you need to look at valuation. look at markets and say, are they keep more expensive? if they are cheap andi more expensive? if they are cheap and i thin

we've got the nikkei in yellow, ftse and purple.ftse have mileage in them in a relative basis to the other two. mike: we don't think necessarily europe outperforms, but we're thinking it is more trade of global equities outperforming global bonds and europe is no longer very likely to be underperforming. it makes sense to spread the overweight across the developed market equities. if you look at on a relative basis, euro relative to the u.s. is at extraordinarily cheap levels relative to history. you've got earnings growth finally coming through. you look at european earnings, the companies that have reported, growing about 8% year on year. anna: how much time do you spend and jpmorgan worrying about the potential grexit? we've got this back on the agenda. we have just now according to an e.u. official the greek finance minister and dijsselbloem meeting in brussels today. this is still ongoing in the background. it could set a dangerous precedent if we see more talk of leaving the euro. mike: i think the chance of greece leaving the

taking a look at movers on the nikkei 225, yahoo! up 14%, japanese banks a bright spot in japan.,enders like mitsubishi sumitomo mitsui advancing given robust earnings out of that sector. , trading atfj up 4% the highest level of the year after its earnings beat. a quick check on top performing in asia, the korean won at a three-month high, the taiwan dollar strongest since june 2015, but there is cautioned to be had. watch out for a reversal says goldman sachs, pointing out taiwan and korea are vulnerable to trump's protectionist stance. in the bond space, australian 10 year yields falling for the first time in four sessions, the benchmark falling one basis point. a pickup in japan 10 year yields above .1%, falling below that level following the offer to buy $4 billion of for your bonds and 10 year bonds. yousef: different parts of the market enjoying the trump jump. the latest sector was the financial sector, which made a lot of gains and friday trading in the united states, but economist taking a more long-term view as always. they are more skeptical for the most part. is the

that's why the nikkei has jumped 2.5%. and shanghai in positive territory coming off the back of strong chinese trade data. exports up 16% year on year. imports up 25%. also some easing of geopolitical concerns between the u.s. and china as it was reported that president trump and president xi jinping spoke on the phone and that donald trump agreed to respect the one china policy. >> we've got a move higher for oil after a 1.3% gain for it yesterday. oil spiking in the early hours after we did get a report from the iea saying that opec has made good on its promise to cut production, about 90% of those production cuts going through. that sent oil higher, up 1%. 53.51. brent, 56.26 saying it expects higher demand as well for the year. natural gas down about 3.5%. as for the ten-year treasury note yield, higher yields. turnaround midweek. you make the point we're not quite as high as we were last week? >> yeah. 2.49 we closed on friday. the net effect of the week is yields moving lower. >> we did get a sell ooff yesterday on

have a look at the nikkei. -- theally market, and australian market. slightly lower here on the mci. the boj was out with a summary of opinions. they will be continuing this new curve control. also, december. the current account entry numbers out of japan. than estimates. very quickly, earnings in focus today. today, we will be s ofhing for report card something -- softbank in japan. rishaad: we are looking at singapore airlines. showing no end to the gloomy outlook for the regional airlines. breakdown. full looking like they're not getting many breaks here. no light at the end of the tunnel. not yet, at least. stocks are up about 1.6% right now. it is still struggling with cutthroat prices. it is up against budgets. we need to highlight and brent, takata airline. they are squeezing singapore air. they are offering everything from fully designer suites and designer pjs. in 2017, it will be as challenging as before. passenger and cargo load, as well as healed -- yields will all come under pressure. anothero show you chart. it shows how singapore air has

the nikkei down 1.1%.n see, hong kong and shanghai flat. >>> as we look at broader markets, it's interesting to watch the price action in oil. the resilience in oil and the impact that has had on investor sentiment and stocks as well. today, slightly higher at $53.37. reversing a downward loss. we were looking at the first loss in four sessions for the price of oil. but holding on to gains. ice brent crude higher by 1%. nat gas lower by 0.8%. what is more in focus, the ten-year treasury note as the fed kicks off its focus, the impact of trump's fiscal growth and monetary policy. ten-year treasury just below 2.5%. >> that slip in yields that did hurt the dollar and with it partly some equities last week was temporary. we have rebounded pretty quickly. we are now back towards the 2.4, 2.5 range. either way, as rick santelli points out, the important range is 2.3 to 2.6. even with yesterday's loss, we were within that range. until we break one of those two levels, he feels we're range-bound. perhaps janet yel

the nikkei up over 1% in japan and in china's shanghai composite down a 10th of 1%. train to the yield of the 10 year treasury back about the 2.5% mark. 2.47%. lauren: another busy dancing meets with israeli prime minister benjamin netanyahu. nicole: concerns about a controversial border attacks that could raise prices on import consumer goods. lauren: lebron james shines as the cavaliers hold up the minnesota timberwolves. over boston college. nicole: quÉbec and makes the 2017th "sports illustrated" swimsuit issue. can't wait to see it. lauren: one in the new york. welcome to "fbn:am," your first look at morning markets and breaking news. train to israeli prime minister benjamin netanyahu makes the first official visit to this president trump. >> alliance between israel and america has always been extremely strong. about to get even stronger. president trump and i see eye to eye on the opportunities and we'll talk about those as well as upgrading the relations between israel and the united states and many community fields. >> the two leaders are expected to discuss

you can see the nikkei down 1.1%. the shanghai composite index should eke out a very small gain korea's cost a dime a quarter 1%. euro zone gdp revised down to 4%. the dax down 6.8 cac at one point. but the london o train to cry to sleep set 3% financing over 6000 layoffs. we gave a better-than-expected outlook. a look at the dow right now. dow, nasdaq, s&p, a record close this. don't future sound team, s&p futures down to a two-year friend gina gallant today. lauren: day one of testimony before congress. oil at 41 cents at 53.34. opec saying that their members are green for the most part to this production cuts. she testified today before congress today and tomorrow. investors for any help that the next move. that expected that the fed's meeting in march. expect it to keep the options open. she may talk about the future of bank regulation. lauren: shares closing at a record high yesterday, continuing the rally that sent the stock soaring over 40% in the past year. kids continued right on free-market trading up anothe

all donors across the board picked the nikkei nikkei down 1.2%. korea surprised the 7%. lauren: the ftse is the one great arab el paso point. peeking out a small gain there. bank of england decision today monetary policies. the first decision since their prime minister said the u.k. will not stay in the european union. check in at the cac down three-point. dax 41 points. deutsche bank shares down 6%. they did report a full-year net loss of $1.5 billion. nicole: u.s. stock market futures this morning after succinct yet again yesterday. dow futures some 70, s&p futures to a nasdaq futures to 23. to my repair jobs report. lauren: a sharp rise in u.s. stockpiles. both of 27 cents. gold at $15. $12.23 an ounce. nicole: weakness for the u.s. dollar. canadian pound, japanese yen all stronger against the greenback this morning. lauren: deal stands at two points, hovering around 2.5%. 2.46 to be exact. nicole: face that continues impressive growth after the close yesterday. 30% per user. buster facebook added 270 million users. on track to hit 2 billion users this year, something

. >> the nikkei average was dragged down by the stronger yen. the yen rose against both the dollar and euro as concerns over worldwide political risks put the investors in a risk-often mood. the nikkei 225 lost .35% to close at 18,910. rhett's ta let's take a look at currency levels. the greenback was hit by speculation that the federal reserve may wait longer than expected to raise rates. turning to individual stocks, shares of toyota fell by 2.2%. it reported a lower profit. but it was a good day for chemicalomompany asahi kasei, they are projecting a record profit. ve market playeyers are keeping an eye on political issues in the u.s. and europe and the meeting of president trump and shinzo abe later this week. i'm reporting from the tokyo stock exchange. >>> moving on to other markets in the asia-pacific region. the shanghai slid by .12%. the groftovernment's recent mov weighed on sentiment. 5621 the closing number in australia. the reserve bank of australia kept its key interest rate unchanged. hong kong meanwhile, ending a touch lower. sin

nikkei in japan higher by sixpence 1%. hang seng in hong kong were by three tenths of 1% and the cost be higher by eight other%. lauren: best number in six years contributing to some of the games you are singing. in paris the cac at three points. dax up 48. the ftse off a third of 1% or 21 points. hsbc reported sharply lower profits and 62% in the quarter and hsbc shares london down 7%. trade to flipping it over to u.s. stockbroker features, dow futures higher by 47, s&p futures higher by five. nasdaq futures higher by 12. lauren: more record highs for your 401(k). oil 5399. gold.$9. 12.30 an ounce. lea: burger king may cash in on the pillow fight chicken. the home of the whopper is nearing a deal to acquire louisiana kitchen with a $1.7 billion. sources say a deal announced as early as this week at the companies discussed the takeover but no agreement was reached. popeye's testified, the parent of burger king has not issued common. >> that would be a nice tie up. huber has hired eric holder to look into sexual harassment

nikkei 225 lost nearly half a percent and the broader topics fell. fell below the 114 yen level in tokyo trading hours. earlier in the day 115 yen on solid u.s. inflation and retail data. and car makers all fell. toshiba losing 3.3%. media reports say the companies that could exceed in the current fi fiscal year. this could get toshiba removed from the first section of the tokyo stock exchange. >> moving on to other markets in the asia pacific region. in china, the shanghai composite ended up by .5%. investors are hoping ahead of the annual national conference in march. close at 97.71. profit taking weighed on the index following a five day rally. investors shrugged off the outlook for this year's gdp growth. it ended down a touch and inched higher after january. >> the heads of major u.s. retailers met with president trump to give push back on plans he has pledged to overhaul. >> we'll also reform our tax code to help middle income families and american businesses grow and thrive. >> yet one proposal is being considered which they say would raise th

the session just progressed around the day and the nikkei ends up .5%.a different story for the cost beat. .- for the kospi surging more than $280 million in the month of february. the shanghai composite unchanged , although the hang seng is gaining .4%. the rate decision in about three hours, the taiwan taiex down .2%. the new taiwan dollar weakening for a second consecutive session. there's been this narrative that weaker yen currency's last quarter helped pick up inflation or cpi prices across asia. take a look at the rupee in india, strengthening ahead of the r.b.i. rate decision. consensus is for a cut. that's not the issue right now. the issue is, is that the last cut in this cycle for the r.b.i.? that's what investors will be looking for in this session. manus: thank you very much, shery ahn. in the u.s., there's an hour-long hearing in the federal appeals court to examine arguments for and against president trump's travel ban. these details from new york. >> it was a contentious and fast-paced hour of oral arguments for department of justice and

the nikkei down 1%. shanghai composite index down three quarters of 1%.kong's hang seng down one 10th of 1% increase costs begun half of 1%. >> investors eyeing a new referendum. a mixed bag here. the 50th 14 points and mundane. 13 points in germany. >> the dow gained 11 days -- record closes 11 days in a row. hennessey nodded 30 years. price earnings ratio getting expensive. the highest level of 15 years. right now dow futures down for. s.b. futures than half of one point. nested features to fix. >> was not there this morning of more than half of 1% 5436. pull down slightly at 1257 announced. nicole: has the u.s. dollar. painted mixed bag of the mexican peso in europe are stronger. we are seen sterling dropping today with concerns about a possible second referendum for scotland. there's a look at canadian dollar and japanese yen down today. lauren: drop-in meal for four days at 2.34%. nicole: the bond yield is the lowest bidder. snape goes public this week. beginning to wonder that the nasa not to send disappearing pictures. up wants to be known as the c

shares lower after the nikkei newspaper said it would not be able to continue. two-month share decline has you were a $7 billion in market value. 6.9% inn china grew january, i had of economist thinking, but gains may slow in the coming months. rising,go, comparisons also beating the average estimate, some 2.5% in january. south korea's special prosecutor's office will decide soon whether to seek an arrest warrant for jay y. lee. he was questioned for 15 hours on monday over allegations, including bribery. two other samsung executives are facing questioning. samsung shares down 1.4%. president trump promised a tough response to north korea's latest ballistic missile tests during a press conference with justin trudeau, bowing to prevent pyongyang with the ability to strike the united states. has yet toion announce a detailed north korea problem. >> we have a lot of problems that people have no idea how bad they are, how serious they are, not only internationally, but right here. obviously north korea is a big, big problem, and we will deal with that very strongly

japan's nikkei up slightly. an export report there.s for the expert patients if we look at japan's exports in january. hang seng up half of 1%. cost is. cost in south korea up two tenths of 1%. lauren: finance ministers meeting to discuss the terms of his bailout program. here's a look right now. but cemented higher fractionally. the dax in germany higher by 70. lauren: like we noted, u.s. that markets and bond markets closed today. feature still trading. a record setting one. dow futures still higher at 44. expect more highs. s&p up 3.5. nasdaq up 6.5 today. lea: taking a look at key commodities. $53.30 a barrel. gold trading lower by $2. >> the ceo of a uber after a blog post by a former engineer describes systemic sexual harassment at the cub today. she wrote the shoe is open a proposition for sex micromanager during her first day on his team. she was told he would not be punished because of his first offense. some of her female coworkers reported the same experience and were given the same answer. that manager eventually left uber.

the nikkei down ever so slightly pitching had hasn't done a third of 1%.s. lauren: tesla sales jumped 90% of ceo elon musk is an aggressive production target for the new model three. lea: buys amazon.com a, plan for the good license? we will take a look. lauren: for college hoops, march madness with two big buzzer beater and insist syracuse takes down duke at number six oregon. >> by 31:00 a.m. in new york. welcome to "fbn:am," your first look at today's markets in the latest breaking news. lauren: president trump said to meet with manufacturing ceos. the president plans to discuss specific actions to remove carriers to job creation a day after the president focused on how to cut federal spending. like berman at the white house with laura. >> the white house wednesday with president trump calling it a mass. the president met throughout the day with top aides and advisers for budget discussions. the infrastructure spending to make the government smaller and equated back to a moral issue. the white house as tackling nobody care will have to come before a tax

that is dragging on the nikkei 225.s surging in tokyo today and leading gains on the index over 8%. i want to highlight toshiba gaining over 4.5% today. they are focused to begin the process for sale this friday. toshiba may select a buyer in may. semiconductor may be throwing their hat into the ring. toshiba has agreed to sell its 65% stake in toshiba's medical finance to canon. i want to take a look at another stock. kospi, aeing it on the electronics company up about .03% today. sent to bejay y. lee selling again by the special prosecutor this wednesday. he was arrested last friday. formal charges had that's have yet to follow. future, wesamsung's do have a newspaper reporting the company does plan to set a --0 million fund for an in a &a because samsung has been actively seeking a high makers in terms of what they want to buy in the future. personre, we do have a looking at australia. we have a bunch of earnings in that market. betty: we do indeed. we are on the lookout for china's property price numbers for january

the nikkei is down by 19,063. shares of automaker toyota are trading lower after january data showed u.s. sales declined 11% from a year ago. let's check on currencies. the dollar rose on a strong sector jobs report and higher factory activity in the u.s. but the greenback trimmed gains after the fed announcement. analysts say some traders were hoping for a more hawkish stance on the rate hikes and took profit on the dollar. they are avoiding major moves before friday's u.s. jobs report. let's take a look at other markets across the asia-pacific. we are seeing seouls kospi trading higher up at 2,089. australian shares also in positive territory, up a tenth of a percent. hong kong's hang-sang opens in an hour. >>> india's government has unveiled its budget draft for fiscal 2017. it features more spending on infrastructure and rural areas. the government submitted the budget to parliament on wednesday. total expenditure is more than $300 billion. the draft allocates about $60 billion for roads, railways and other in

the nikkei 225 lost about .45%, finishing at 19,283. the nikkei has finished lower for the past three days, but it did manage to eke out a gain for the week of .25%. the broader topix fell 0.4%. the machinery and metal sectors were the worst performers. construction machinery maker komatsu fell 5.4%. mitsubishi materials is down 4.5%. toshiba has been swinging between up and down. on friday it ended up adding 4%. that's after the company said it will split off its flash memory chip business. and sell its majority stake. switching to currency markets, the dollar was hovering at the upper 112-yen level during tokyo trading after touching a two-week low overnight. investors are been waiting to hear more on trump's tax reform and spending plans, it may get a bit more clarity when he speaks to a joint session of congress on tuesday. >>> many other benchmarks in the asia-pacific region slipped as investors traded cautiously. seoul's kospi dropped for the first time in five days. down 0.6%. singapore retreated a.65%, after hitting an 18-month

the nikkei up i .5%, japan shares down in general. you're looking at the msci asia-pacific index ever so slightly weaker. you talked about a stronger bloomberg dollar index, the new zealand dollar, the qb falling after the reserve bank of new zealand cap rates on hold and signaled discomfort with the currency strength. losses amonging major currencies against the greenback. a weaker aussie dollar and the yen weaker as well, all by .3%. heading to washington meet with president donald trump. in the sovereign bond space, yields heading lower after the treasury 10 year yield hit a three-week low on wednesday after four days of declines, the longest stretch of losses since the run-up to brexit. i'll talk more on bonds in a minute but of uti crude is holding gains above $52 a barrel. terms of the dividend yield, the question is have asian stocks lost their edge? if you look at the vantage of global stock, that is pretty much evaporated this week. speaking about various spreads, i want to look at the 10 year treasury yield versus china's 10

one day after the nikkei showed robust gains. the dollar briefly went up to almost 115 yen after the release of uscpi and retail sales data but lost steam on profit taking. right now, back at 113. the dollar is trading at the highest level since the end of january, though, and that's as janet yellen did not rule out a rate hike at the next policy meeting in march. let's move on to the asia-pacific. kospi is down 2% as well and australian shares are down by just about the same margin china markets will open in half an hour. the chair of the u.s. federal reserve is concerned that president trump's immigration policies could slow growth. >> immigration has been an important part of labor force growth in the united states and immigration would certainly affect the potential of the economy to grow. >> yellen stressed the importance of immigrants in the labor force during her senate testimony the previous day. the chair has also been expressing concern that trump's proposed tax cuts and stepped-up spending plans could hurt the country'

that's all from the nikkei. back to you. >> makiko, thank you very much. >>> first quarter ebit before special items for metro. they confirmed full year 2017 guidance. on the subject of de-merger, metro said it is confident about the split. >>> the ceo of french oil giant total is set to post a full set of results. speaking to a radio station, he said his company's 12-month earnings would compare forgaavoy to those of other oil majors. >>> and the eu is set to approve chemchina's $43 billion takeover of syngenta. it's understood that conditional antitrust approval has been granted subject to chemchina making minor concessions to allay european concession worries. regulators expressed concern that the deal may lead to higher prices and fewer choices for farmers. the commission will announce formal approval next month, while the deal has already been approved by a u.s. national security panel. >>> we are live on the show on twitter, @louisabojesen is my twitter handle. we have a segment coming up on iran and the b

that hurt the nikkei's performance today.he y yesterday's clear vote in parliament that mps are carrying out the will of the people and invoking article 50. that sense of clarity that the government will have a strong negotiating position and not be ham strung by its own mps allowed the pound to rally yesterday adding 0.3% today. gold to round things off, flat yesterday. up about three quarters of a percent today. gained in the last half hour. now up 1.3%. 1.244. >>> the white house putting iran on notice an apparent threat in retaliation for ballistic missile tests. the launch went against u.s. security council resolutions. flynn pointed to president trump's disapproval of the obama administration's agreements with iran calling them weak and ineffective. president obama inked a deal with iran to lighten sanctions in exchange for not developing weapons. an uncertain outlook between president trump and angela merkel, very different than president obama and merkel. >> that's the big surprising one across europe. it's an odd fig

nikkei 225 lower by .6% going into that lunch break.rs, toshiba in forecast, lower for a fourth day, still feeling the heavy rulingshi out a rescue of its ailing nuclear operations. you can see the drop in the share price, now almost 10% lower. this comes on top of reports that toshiba will be delaying the sale of its chip unit. this, a third of the $30 billion memory chip market, toshibaamsung, second. company climbing for a second day as shares of rival samsung fall following the s jay y. lee.sung' with speculation that his sister place.ke his no more upgrading that stock on the tailwinds of chinese tourism benefits. a deeper loss for samsung life in the fourth quarter, korea's against life insurance company, shares down almost 1% as it grapples over a lack of profit growth. thank you for that. singapore's economy grew at a faster rate in the fourth quarter than initially thought. 2.9 percent compared with that thinking amongst economists of 2.5%. us the breakdown here. >> we have put these numbers in context. ew 12% in the fourth qua

not much action when it comes to nikkei, a weak yen pushing up the nikkei 225.at shanghai and hong kong market open, here is david ingles. david: a lot to consider here. at some point today, new credit data out of the pboc. the reason i bring that up is because we had a report that they might actually, we might actually see that surged to a record for january. at some point, it might come out. .5%.ave h-shares, is it getting overheated is the question really. the function at that gets you market risks, and it shows you a substantial portion of the index, depending on which moving average you are looking at, is above it. every single one is above the 50 lastrsi above 70 are the time those two things happen, we saw a healthy correction. is that a sign of things to come, maybe, likely. csi 300.00% up for the philippines, let's wait for that to get warmed up. changes in the, composition of these indices in hong kong. index, i don't have to tell you which one is coming in and which one is being said goodbye to. status,ng its blue-chip a reallocation or adjustment an

the nikkei 225 gained a fraction to choice at 18,918. the broader topix added 0.3%. the yield touched a one-year high in the morning on government bonds, but fell back after the bank of japan stepped in with a special fixed-rate bond-buying operation. the dollar rebounded against the yen as investors sold the japanese currency when jgb yields dropped. on to individual stocks, sony jumped 5% on robust earnings in its semiconductor business. murata manufacturing added 4.5% after reports that it is in talks with samsung to supply batteries for the south korean giant new smartphone. next week shinzo abe will meet with the u.s. president, and investors are bracing for trump's comments on the japanese currency and on trade. i'm gian nguyen reporting from the tokyo stock exchange. >>> let's move to other markets in the asia-pacific region. the shanghai composite was down, finishing at 3140. china's central bank raised short-term interest rates, dampening sentiment. concerns about moves by beijing to tighten monetary policy cast a shadow over other benchmarks in the region.

the nikkei says the loss will probably wipe out shareholder equities.rabia has told opec it cut oil production by the most in more than eight years going beyond its obligations under a deal to reduce supply. however, opec's only analysts estimate saudi arabia made a smaller reduction though still in line with the agreement. oil prices rallied in the weeks after the output deal but have since faltered on concern over the increase in u.s. shale production. the water level at the tallest dam in the u.s. dropped monday. easing fears after collapse that saw 200,000 people ordered to leave their homes. california officials may use helicopters to drop loads of rock on the eroded spillway at the lake, 240 kilometers northeast of san francisco. heavy, recent rain forced the use of the dam's emergency stow away for the first time in almost 50 years. taiwan's capital has seen 32 people killed and several injured. the bus flipped off an entrance ramp in eastern taipei tuesday night. most on board were senior citizens who had been on a trip to view cherry blossoms.

in japan, the nikkei 225, lower for a third day, but toshiba, 8%, thisgains of coming from news thatt is weighing a westinghouse chapter 11 bankruptcy as an option. toshiba shares, certainly in focus given the story around not only its westinghouse unit but it's chip stake sale. we also have the kospi snapping a four-day advance. extending theg, 8%, drop. it is due to be listed march 7. in australia, the a sx 200, being dragged -- a six 200, being dragged by copper and iron ore prices slumping. both gold and crude hold gains. take a closer look at the petroleum share price performance. peter coleman has said that the company is considering expanding its lng operations and does see a midyear start for the project. hasgovernor philip lowe said a pickup in lng production will boost australia's gdp and of course, he was giving a testimony to parliament extending the morning when he weighed in on the aussie. morning when he weighed in on the aussie. >> certainly, we are all watching that commodity rally and what this means for commodities and currencies. on the campaign trail, donald trum

the nikkei reporting that toshiba plans to pullout of its nikkei to reactor project in texas. .3 percenttoshiba of its intentions to sell its stake in westinghouse. , up 1.4%,n on samsung some notes from moody's and fitch. moody saying it does not expect disruption to samsung operations from these arrests. and fidgets saying the rating would not be affected by these developments. >> japanese stocks also reacting negatively. sophie: i want to check on with the yen as well. 112 .95, weaker than the start of the day. about guys were talking with a guest earlier today, we have not seen much reaction given that it is one month worth of trade data. even january exports came in well below estimates. with exports growing, there is some growth there, some buying of japanese products p at on that in a short while. >> thank you so much. sophie kamaruddin with how markets are reacting. let's get to those trade figures out of japan. brian fowler is here with more. brought takeaways with the numbers? numbers, it is always strange in january because you have the fact that the chinese new year can push

at nikkei to is up now 2.5%. here, the dollar strengthening and is now at 113.96 against the yen. perhaps there is no downside surprise here. we will be back. ♪ >> japan is still struggling to revive its economy, fourth-quarter gdp numbers below as to men's. >> north korea called its foristic missile test success as president trump and shinzo of a reinforcing their alliance. facing allegations on bribery. >> australia's biggest gold mine are reaping rewards on higher prices and volumes. >> this is the second hour of "daybreak: asia" live from bloomberg's u.s. and asian headquarters. is just after 7:00 p.m. in new york. i am betty liu. we just had japan fourth-quarter gdp numbers, a slowdown as expected for the fourth quarter, but in line with what economists had estimated. we will have a bunch of economic numbers in the u.s., at sales, inflation, the fed speaking, so the direction of the markets could move any which way at this point. from janettimony yellen will be crucial to see if she's trying to manage rate e

nikkei 225 going into the break about 30% -- a third of a percent lower.oing on with the kospi, a day of swings itself are given what we have seen with hanjin shipping shares. 66 stock plunging as much as percent earlier today. it has been a bit of a rough ride for hedges. it was declared bankrupt. over the course of the past year, the share has dropped substantially despite climbing somewhat in january, and on march 7, the shares will be delisted. this is compared to how global shipping stocks have been faring . the shares are trapped by bloomberg intelligence, up 18% year, but the drop in hands and weighing on the gauge this thursday. falling today after surging some 10% on wednesday. chinese shipping stock has been climbing with expectations there the be profit recovery for sector and other shipping equities and focus. we have mitsui engineering advancing for a fifth day in tokyo. this company builds and repairs ships and over in singapore, sembcorp marine jumping 13% after jump into the black. it is the world's second-biggest bigger of oil rigs. it has

the nikkei pushed down 7/10 of 1%. not a lot of conviction in equity markets.ot of weakness in commodity players. australia is down. singapore is also a player. india has turned negative. commodityuick look at and dollar spot index. crude coming under pressure in the futures market after a 2% rally during wednesday's session. dollar under pressure. gold snapping the recent downward trend, resuming a rally. thatis one of the points we are seeing safe havens back in play. let's continue our conversation with the chief economist for asia x japan at nomura. one of the biggest movers is the korean yuan. we saw south korea's inflation levels of the highest in more than four years. how does this complicate matters for the bank of korea? the economy there is not doing great. rob: that is very true. inflation surprised me on the upside. i would add that the main driver is commodity prices, which is more cost-push inflation. it is not because the economy is growing strongly. domestic demand is very weak. for korea, outside mexico, it is one of the most exposed emerging m

all down arrows, shanghai composite index down 3 quarters of 1%, nikkei down 1/2%. correia's cosby also to the downside and the rest of sam's chief on bribery charges, good news from singapore's gdp. >> the down arrow theme continues, the ftse in london down four points, the cac in paris down 48, the dax in germany down 55. >> the buyback of $3 billion in the winner today. dow futures down 56. s&p futures down 6, nasdaq down 9 and a winning week on wall street. >> fear is coming back, the victim index climbed a bit. we look at commodities, oil trading at 5321, gold up 8% this year, $12.43 an ounce. >> out of south korea, has approved the arrest of the samsung electronic air who was accused of bribery. the vice chairman of samsung and lower than 7 hours. the arrest warrant in connection with the corruption scandal that has shaken south korea, led to the impeachment of the country's president. thousands of protesters opposing and supposedly demonstrating outside the courthouse. samsung has united offered bribes to the president. >> the top wireless carriers trying to

declines at the nikkei open. to the downside.outh korea is down 2.5 points, not bad, waiting for it to get warmed up, as well. just about every single industry group, if you will, is on the way down, with the exception, of gold. with the charts, a look at some of the big names we are following today. andook at macquarrie financials over in sydney. and nothing much to know to, in fact, when you look at earnings. roughly in line with their guidance that last year's number. this could be down to the fact this is selling after-the-fact. the stock is still up 40% over the past 12 months or so. resolute mining. and there is a report today. let me just read that to you. let me just find it for you here. out of the south korean economic -- here we go. here we go. the company has submitted a bid chip stake in the toshiba business, but no number was given. more than 3 trillion yuan. of course, takata down after it fell. not quite enough. comment david, you are watching -- and, david, you are watching a lot of data. yes, certainly, betty. w

the nikkei is trading on the downside after we saw that game against the u.s.ollar although the dollar index is gaining right now against the yuan. the be ok leaving its key rate decision unchanged. we also heard from the governor there's a low possibility the u.s. will name korea a currency manipulator. this is a snapshot of what is happening across markets in asia , but it has more to do with the amongd more uncertainty investors. >> especially the terminology. fairly soon is how they described the possibility of further rate hikes. let's see how the market is looking at all of this. very interesting. what you're looking at here is how the market was positioned hikedime around the fed rates in december. three weeks out from the ,ecision, that straight line that's 100%, the expectation for the rate hike. if you look at the blue line, aat is the expectation for march hike. we are back down here a little bit over 33%. very different set up and lead up than what we had back in december. this part of the world, we are edited of hours away from the opening of the e

that said nikkei reports there may be questions around it. stocks as you can see there down. noble group 11.7% down to this report and it is now confirming it is in talks for a possible investment. no agreement has been made. an earlier media report said was he other party simeull cam. noble is not confirming that. it is confirming possible talks for an investment. no agreement or binding agreement has yet been made. there is no assurance that the deal or transaction may go through. that said it doesn't matter. markets buying up the stock, 11.5%. biggest jump here in the stock since november 10 of last year when we showed the stock close at 12.6% higher. rish? rish: thank you very much indeed for that. one thing chinese policy makers haven't had to worry about too much about is inflation. but consumer prices may have risen last month at the fastest rate since 2014. while producer prices probably continue their recent acceleration. what are we looking at? steve: we're looking at a rising inflationary environment after all those four straight years of course of deflation at the

if you look at the nikkei, trading higher, the yen retreating, up by .7%. been a couple of calls about the yen today, the imf saying it will weekend to around 120 before rallying. bloomberg daybreak: asia radio saying we could see the yen go to 125, but down .5% at the moment. thanks. has slipped to second place in the global ranking of oil producers. my next guest says change in oil markets is structural, not cyclical, and $100 a barrel will not be seen again. .oining me now is fouad attar congratulations on the new business. let's kick off with crude oil, the lubricant of much of the economic activity. in terms of where you stand on oil prices, you say $100 long gone, will not happen. what is your call on oil prices? this push and pull war between opec and non-opec and shale producers? >> the general consensus is around the $40 to $60 mark, but structural change is about technology. the cost is always falling, and it is a losing game to bet against it. with u.s. shale having had a , they haveamp emerged stronger, leaner, and fitter. i think that is someth

the nikkei gaining almost half of 1%. relatively favorable meeting between donald trump and the prime minister of japan over the weekend. economic activity expanded. in south korea, a modest gain of two tenths of 1% despite provocations from the north or the hong kong hang seng up half of 1% today. nicole: in europe, most of the sector higher. the cac and france have half a percent. german dax up half a percent. london's ftse just fractionally higher. everybody's talking about iron, or in copper this morning at commodities job. lauren: about the u.s. stock market futures are at record highs on friday continued today. duff pictures of 33, nasdaq up 2.5. >> key commodities including oil and gold. both of those pulling back here. or that 5345 a barrel. gold down 41 cents end quote is down for 601231 entrance after both of those games recently. lauren: brison showing competition in today's offering unlimited data plan. verizon long resisted the plan while competitors, t-mobile and sprint have attracted customers with unlimite

this is what is happening in japan right now, down, in terms of the nikkei.rgy down the most by about 2.4%. you are watching bloomberg. ♪ ♪ it is 1120 nine in singapore, 1229 in tokyo. sources in washington tell us that president trump is proposing major defense spending increases and cuts to the epa and the state department in his first budget. two white house officials tell today,outline could come with the president to address congress tuesday evening. steven mnuchin says the budget want touch program such as some security or medicare. u.s. governors have been told that millions of americans could lose their health coverage under republican plans to replace obamacare. consulting firms brief leaders at the weekend. around 20 million people gained coverage around the aca, channeling billions of dollars to the state. the white house says dumb trump once nobody to lose coverage. the french presidential as onete emmanuel macron a third endorsement this week. macron is seen challenging prime llon, with marine le pen expected to win the first ballot, but seen los

over on the nikkei 225, with a yen over doing around one dollar 13, we are seeing -- orbiting around $1.13, we can see bond waiting for their 20 year options, and next week, the boj will be releasing their information around the timing of those purposes does purchases. that impacts of over 2%, and toshiba is back in the red, falling over 4% today. we will be keeping an eye on nissan, as far as going undisturbed from able onward -- april onward. we have those slow earnings but he was mentioning out of australia. we will get more on that with paul later in the show. >> in australia, bears are gathering down under as investors are searching for the next big thing. how are stocks shaping up in australia? >> we have materials leading the drag on the asx today, and just a note that on the shortselling, we have seen average short interest at double what we are seeing in hong kong. check out the story today on the toomberg 10,000 mile journey short australia. we have commodities here as well as banks in the crosshairs here given the broader picture. we have the likes of skynet falling in syd

cost in south korea up at quarter of 1% in the nikkei in japan dumps lately.ixed bag in a very wait-and-see mode here at london's up two points. cac at one point in france. german dax both than a 10th of 1% down. nicole: consumer confidence in the latest read on gdp today. the president speaking tonight before a joint session of congress. the doubtful record closes in a row. could today be number 13. tough issues of 12 points. nasdaq teachers don't fractionally. s&p unchanged, very much sitting on your hand-painted date waiting for the details of what the president will say tonight. nicole: let's check out oil as they talk about energy. 5397 a barrel. gold than six bucks at 1252 triads. the south korean company south korean company saint-saens and other officials indicted today. prosecutors announced e.j. dionne and the others today. february 17th, charged with bribery, bustamante, perjury and concealing profit gains from criminal acts. he could face years in jail. he's accused of being deeply involved in a corruption scandal that led to the impeachment of sou

but the nikkei down 0.9%. and europe has lost some of that positive impetus.rance lower, jump germany and the uk slightly higher. >>> let's show you what's happening on oil. big pull back reverses this morning. we have a nice rally wti crude. and 56.67. nat gas continues to tank. and as for the u.s. dollar, let's show you what happened after less than half a percent sell off last week. one of 584, but we'll see which direction that moves in. a lot has to do with yields there. lower. >> yields falling last week. 112.23. the pound down 1/3 of a percent. the scottish are preparing their referendum reports. >> and also talk of another weak pound led take over deal potentially falling through over the weekend. so the pound a little bit soft and the dollar for the most part a little bit softer but higher against the pound. the bigger move for the dollar is against the em currencies. and it's been much more the emerging currencies that have bounced back than in fact the major currency pairs. >> i would say a sign of overall risk appetite is going to be tested this we

it has been a day of swings by the nikkei 22 marginally higher.ts longest losing streak of the year. kospi up .5%. climb inyields, a rates, one basis point up for the u.s. 10 year. this after falling four basis points on tuesday. we are seeing the aussie 10 year yield rise one basis point today. therisk radar, we do have the dollar rattled this week amid political concerns. we did have the dollar-yen breach 113 on the back of trump's nomination of neil gorsuch for the supreme court, and gold holding its biggest gain in four weeks, about $1200. bullion has been up 5.5% for january, it's best monthly advance since june. as below $53 in new york rising u.s. supplies are offsetting the cuts out of opec. plus, weaker earnings from big on companies weighing sentiment. exxon mobil reported its worst yearly results since 1996. rishaad: thank you very much indeed for that. sophie kamaruddin there. first word news headlines, haidi lun. u.k. lawmakers have begun debating whether to get the government permission to leaving the european union. david davistary

also, the japanese yen losing ground, .6%, helping the nikkei topix get a boost.opper leading the gains and metals, up 4.8%. stillopper mine in chile closed as bhp workers go on strike. you are looking at treasuries in the u.s.? yousef: yes, specifically foreign holdings of u.s. treasuries. we have seen some interesting trends, investors getting second thoughts about financing u.s. plans and u.s. projects. take a look at this for the 5937.ctive, #btv you can see the selling has been going down on an annual basis for some time. net outflows in 2016 putting pressure on the yield curve, but why are investors moving in this way? is it the prospect of inflation under president trump or higher rates from the federal reserve? a lot to take into consideration. let's cross over to this part of the world, two hours away from the opening of markets. you're looking at a mixed picture, although trading to the upside. up, oil prices firming sentiment. sidegypt, we saw down pressure, israeli stocks rising the most in two months. plenty to look out for their. the key pairs are th

the nikkei half of 1%. shanghai composite index half of 1%. >> gop support in the senate disintegrates. we will tell you who will be the new labor nominee, not your nicole: boeing workers report about to unionize. >> can you do not as much as $300 million off the price type for the internet business. nicole: in sports and the golden state warriors legend sacramento kings with the welfare quarter. her super bowl bet to go on a date with a random fan. >> welcome to "fbn:am," your first look at today's markets in the latest breaking news. trained u.s. intelligence agencies have reportedly have without sensitive information and president try. "the wall street journal" says intelligence officials are concerned it could be later compromised. official decision shows the deep mistrust between the intelligence community and the president. the report comes as many critics plan the nation's intel community. >> intelligence agencies are more powerful than the president himself. the american people centrist are subverte

looking at asian markets, the nikkei just about flat.ang seng and the shanghai lower again on the first day back after that long holiday. still a lot of attention being paid to what's happening here in the united states both out of washington as well as the jobs report and rhetoric out of washington with those ceos this afternoon. >> to pause on that chinese monetary policy, a big surprise they tightened policy very slightly. that's important to watch. is that the start of a new trend? is it something we should take positively or negatively? growth in china in the past few years has been credit growth led. will this derail growth? or is this something that shows the central bank and government are encouraged by the fundamentals of the economy that they are able to do it. it was a surprise when it came out. it has not derailed markets. down 0.6%. if this is a start of a more pronounced trend from the bank of china something to watch. at the moment, just a small move. >>> the europe final composite pmi reading coming in at 54.4. it beat fo

we saw the nikkei 225 down 1.2%.lso we got disappointing earnings from the likes of mitsubishi heavy and mitsubishi electric. the kospi ended down by a half of a percent. inflation rose 2% in the month of january, which is the fastest pace in almost four years. what does this mean? it was driven largely by food prices. the bank of korea will have to look deeply into this. they did reduce their target range. now it's at the target range of inflation, but also the bank of korea may sit on its hands for interest rates which are already at a record low. the apex 200 ended down as well. it was trading higher earlier off strong export numbers, but couldn't hold on to the gains. exports for december up 5%, which pushed australia's trade surplus to a record high. that's a look at the markets here this thursday evening. back to you. >> thursday evening. we'll be right behind you in a second. still thursday morning here. thank you very much. pauline joining us out of singapore. >>> swatch shares moving lower after the group's