sinopec unchanged despite the jump in profit. cnooc down. petrochina up.are watching china banks out with earnings. thank of community -- bank of communications, back bank, others in play -- tag bank, all in play. it is down more than one person. spanking of banks, we are watching tbs, which had an outage. and in terms of the benchmarks for apac and financials, the index down 1.7%, the hang seng index also in negative territory. take a look at the s.a.p. asx 200 index in positive territory, up by more than 1% right now. rishaad: all right. coming up, digging in to what to expect from thanks out with figures later on. that is next. this is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network, with no line activation fees or term contracts... saving you up to 75% a year. and it's only available to comcast business internet custom

also looking here at sinopec. sinopec seeing a miss as well.just a couple of markets coming online the next few hours. on top of the next hour is thailand, a rate decision there on wednesday, and we are expecting them to hike based on forecasts. this is bloomberg. ♪ our dell technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you. haslinda: almost 11:00 a.m. in singapore and shanghai. welcome to "bloomberg markets: asia." i am haslinda amin. rishaad: i am rishaad salamat. first citizens is in talks for a takeover of silicon valley bank. fed president neel kashkari says there are boosting odds of a united states recession and getting the outlook from the gold demand in india from the world gold council after a recent sharp run-up in prices. haslinda: asia under pressure. the msci asia-pacific index expanding its decline to about 0.8%. volumes are light. trepidation in the markets given the banking crisis persisting, fears continue. several fed officials speaking this week and russia adding to

with sinopec, it is playing the demand in china.t more from oil prices in the 70 to 80 dollars per barrel range, benefiting from downstream volumes. you should certainly be -- encino, there is excellent value in that stock. investors are looking to be a little bit more cautious, a little bit more conservative, and sinopec does not depend on higher crude prices from here and benefits from that stronger china recovery that we see looking pretty good right now. haidi: always great to have you with us. be sure to tune into bloomberg radio to hear more from the days big newsmakers and get in-depth analysis from the daybreak team. broadcasting from our studio in hong kong. you can listen by the app and bloombergradio.com. this is bloomberg. ♪ >> 10 months after first defaulting on public dollar bonds. under the agreement, the holders will get new data maturing into 90 years. sunak may extend maturities on shorter dated new bonds. they will be able to swap debt into shares of sunak services. shares slide after david announces that lyft is

we are also watching sinopec on the back of those for year 2022 results.to watch out for as well. let's take a look at where we are heading when it comes to broader market sentiment. we did the an uptick in u.s. futures today, despite ongoing concerns about whether neel kashkari has said this ongoing banking turmoil heightens the risk of a u.s. recession being closer. futures up by 0.4%. we are looking at ftse china futures looking pretty flat at the moment. we will see whether there is more impetus when it comes to the pboc's easing measures. a big week when it comes to key earnings for the chinese markets. we are seeing broadly asian equities creeping higher. a very sensitive and cautious trading at the moment. let's take a look at european stock futures. we are seeing stocks ftse futures looking like this after what an end to the week. ftse 100 is also joining as these concerns over the banking turmoil were turned with a resurgent through the course of last friday's session. more equity strategists are coming around to the view that there on the upside

also some poor earnings from sin a pack -- sinopec. jack ma has been spotted in china.so saw deutsche bank tumble dramatically on friday. over news you normally perceived as a good thing, that they would be buying back debt this market is so fragile and it underscores the fragility of it. do you want to be buying the euro? our guest told us she would not want to be buying the euro. she is not positive the ecb could live up to its hawkish rhetoric. finally, selling coming back to the front end of the curve and remember this thing was at 5% two weeks before this drama started. the front end of the curve making big moves. president putin says russia is preparing to station tactical nuclear weapons neighboring belarus. let's get to bill faries in singapore. why is putin doing this now? bill: it comes at an interesting time. we are coming out of the winter. russia has tried but failed to make much progress on the ground and president putin has said he is calling up 400,000 people to join the military. these are not draftees, but he's trying to hire 400,000 contractors. becau