we are seeing the asx 200 gaining ground.ue to see the leaders being tech and materials, at a two week high. gaining for a second consecutive session. we see the aussie dollar around a five-week high against the u.s. dollar. commodity currencies doing well. the kiwi dollar was one of top performers among the g10 currencies. kiwi stocks rallying for a third consecutive session. when it comes to nikkei futures, we are seeing some upside. we could see an extension of those gains we saw in the last session. the japanese yen one of the worst performers among the g10, at the 113 level against the u.s. dollar we see this negative japanese yen trend getting more intense, given not only the divergence between the fed and boj, but a powerful commodities rally. kospi futures up more than 1% at the moment. we have seen two sessions of gains this week already. we might see some more gains at the open. this as we saw the korean won finally bouncing back against the u.s. dollar for the last two sessions. we had seen a lot of weakness agains

the asx is still down more than 2%. it does seem like the investors are trying to figure out how this is all going to work out. >> a lot of uncertainties. the prime minister really spoke to a few broader themes. one of them was logistic. it would happen once each state hits 80%. the closest state to achieving that is new south wales. then we get into the questions of how the quarantine system works. then comes the questions of which countries you open up to. the prime minister spoke about new zealand being one of the first candidates for quarantine free travel but that is where it gets interesting. new zealand has eliminated this. it is the situation we are seeing within australia as well. western australia and queensland. the idea of opening up or a spiking cases. they are not politically appealing to them. we will have to see how the internal debates shakes out in australia. airlines have been making noises about opening bookings for december. some issues to be sorted out around the recognition of vaccines but the pri

asx 200 in weaker territory as well up by about 0.5%.ks like a mixed picture across the asia-pacific today as we look ahead to trade getting underway. let's have a look at the first word headlines. vonnie quinn is standing by. vonnie: pfizer and beyond tech say a booster shot of their covid vaccine stores for protection. the study of 10,000 people indicated a booster was almost 96% effective against systematic covid. the fast spreading delta variant was the predominant strain during the trial. the u.s. and five european governments have resolved a dispute over digital taxes with tech giants. the deal was reached over a broader agreement. under the deal, the european countries will retain so-called digital services taxes on companies like facebook and amazon once a global tax deal come into effect, they will refund any levies in excess of the agreed rate. evergrande's offshore creditors may seek debt talks if it fails to make a payment by saturday. the bondholders are not planning to demand immediate repayment in hopes evergrande will dis

asx up by just 1/10 of 1%.ng the likes of crown casino ahead of that key report due out on friday. new zealand paring some of those earlier gains to about 1/10 of 1%. we had the announcement of the new zealand u.k. trade deal to benefit exporters in both sides. u.k. futures down by just about 0.5%. a steady start expected to trading there. futures in hong kong are a little bit unchanged. coffee futures down by 5/10 of 1%. s&p futures also a little bit weaker after almost reaching another record high and a sixth straight day of gains for wall street. shery: we have continue to see the search when it comes to the commodity assets. natural gas, given the shortage around the world, about the five dollar level. we continue to see a little bit of pressure, given that we might see some milder weather later in the year. aluminum causing its rally as we saw china moving to tame energy. the energy crisis ongoing there. coal futures sank from a record high. authorities wanting to intervene in the cold market in order to e

the asx down more than 2%. futures pointing lower as well after a good session -- a grim session across asia. futures all pointing lower. the yuan remains stable. the chinese currency in a tight trading range over the last few months. let's switch focus to a major corporate story. shareholders will vote today on spinning off the sprawling truck division from the mercedes-benz luxury car operation. it is designed to make the businesses react faster to specific trends. like autonomous driving and what is happening, the changes bringing -- the changes. a big, historic day for the company. why does the spinoff make sense? >> yesterday is a historic day for our company. we are asking shareholders to vote on a split to turn this company into two strong innovative industry leaders. we are in the age of transformation in the automotive industry. now is the time for 100% focus on a different customer group. entrepreneurial freedom, speed, and agility, decision-making, which is key in transformation, and the ability to c

the asx 200 gaining ground by .2% after capping a four-week drop. energy also higher this morning. yossi share market has exposure to sectors that are vulnerable to the slowdown but we have seen energy names gaining ground. whitehaven is one of the best performers this year. on that, flipping the board, oil rising for a third straight session ahead to monday's virtual opec-plus meeting. we have pressure coming through when it comes to brand above that 79.20 six level. jp morgan does seem -- ca -- see a climb higher because of the jump in gas prices. treasury futures little changed this morning after they pared recent gains for the 10 year, moving back down to 1.6 on friday but socgen and ubs are bracing for a climb higher in yields. china markets are closed this week until thursday so we have the offshore yuan likely to trade within the tight range that has been established in september, haidi. haidi: markets continue to nervously watch the latest developments when it comes to evergrande as we see the due date essentially this monday, given it fell on sunday. we will wait to see if

the asx 200 gaining ground by nearly 1%, minors and tech stocks, although energy shares are being weighediders intervening in the market. refiners are falling in tokyo, switching out the board, has been weighing on its game this morning. tech stocks are gaining with tokyo electron rising 1.5%, among the biggest boosts in the sector, local media reporting micron plans and memory chip lead. nintendo shares falling 3%, the stock was cut to underperforming. the sony ps5 overtook the switch. we are seeing metal players under pressure, aluminum under pressure in london. check out auto stocks gaining ground in tokyo, even after pulling out the chart, september trade this you can see the ongoing slowdown in trade data for japan. this as we have supply chains weighing on growth. china's moderating growth is likely to drag on japan as well. shery: not surprisingly imf has cut its growth forecast for the asia-pacific, blaming the delta variant. however, it sees the region at the rose fastest-growing area. china's forecast was trimmed to 8%. for more on that, let's bring into kathleen hays. kathleen:

also downside for the asx 200 and stocks.et the outlook for china's real estate sector amid fears of evergrande contagion with the head of property research. haidi: that is it from daybreak asia. markets coverage continues. we are looking ahead to the start of trading in hong kong pretty stay with us. bloomberg markets the chinese open is almost without. this is bloomberg. ♪ s bloomberg. ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) and you're stretching your lower b

australia's asx 300 represents over a third of -- a significant role. >> thank you so much for your timeay. breaking news on the bloomberg right now. we are getting japan's industrial production numbers. these are preliminary numbers for the month of september. a contraction of 5.4% month on month, much larger than was expected. the expectation was a contraction of 2.7%. this will be the third consecutive month of contractions when it comes to the industrial production numbers. you're on your we are in contraction territory. the estimate was for a slight gain. that is perhaps given we have seen the extent of virus containment measures. not to mention the shortages of chips and other devices affecting production. south korea as well will miss expectations. perhaps a broader trend we are starting to see across asia again. industrial production in japan, a month on month contraction much bigger than expected of 5.4%. but let's go back a little bit to that climate crisis, and of course the preview to cop 26. that is making headlines right now, just days away for that. really interesting, fin

than a percent, but also after entering correction territory and falling from the august peak, the asxme of that playing out as to what is going on in your side of the world as we get potentially, at least a short-term resolution to the debt ceiling debacle. next, more market analysis from a chief economist at the top of the hour. there also speaking with cambridge associates regional had for asia. that's happening at the opening of trading hong kong. this is it for daybreak asia. this is bloomberg. ♪ >> this is my kitchen table and also my filing system. over much of the past three decades, i have been an investor. the highest calling of mankind i often thought was private equity and then i started interviewing. i have learned from doing my interviews how leaders make it to the top. >> i asked him how much he wanted and he said 250. i said fine. i did not negotiate with him. i did no due diligence. >>

we do have the asx 200 up, now looking little changed.ivergence, and energy names are mixed with some pressure on oil. shery? shery: let's not get to vonnie quinn with the first word headlines. vonnie: one company has applied for emergency use authorization in the u.s., with treating mild to moderate cases for the risk of developing severe disease and that may need hospital care. the first oral antiviral treatment for covid-19. southwest airlines has apologized for canceling more than 3000 flights over four days. storms and an air traffic control disruption. they denied that pilots were staging it. and some academics winning the nobel prize for economics. david card, joshua angrist, and guido imbens, demonstrating that many of society's big questions can be answered. >> putting too much faith in it. they have been developing and trying to get away from it, trying to make it more robust. vonnie: global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2,700 journalists and analysts in more than 120 countries. i a

the asx 200 up 7/10 of 1%.lso gaining ground. -- kiwi stocks are also getting ground. paul: still to come, our guest things inflation pressure will not abate quickly. an economist will explain why you have a grand crisis is the result -- why the evergrande is the result of an unsustainable model. our coverage continues as we look ahead to the start of trade in hong kong and shenzhen. china's markets returning to trade after the golden week holiday. we will have the energy crisis, news of the biden and xi jinping summit. the china open is coming up next. stay with us for that. this is bloomberg. ♪ the comfortable way to work out. -that looks fun actually. -looks like a paisley. -hey, a paisley, we'll take it. -yeah. oh my god, i could do this and watch tv at the same time. -exactly! -fantastic. oh yeah, i can do this. this is easy. and definitely better than the floor. -it feels sexy. -it feels good. i want this in my house. (host) wondering if the aerotrainer is tough? (engine revving) ♪ avon: 9:00 a.m. in beij

when it comes to the stock story, take a look at the asx i 200. minors we are seeing under pressure after a three-day event. this on the back of a trading update. iron ore shipments missing estimates 5% on a yearly basis. do impart to the covid impact on labor. checking in on the owsley dollar. slightly under pressure above the 74 level. we are seeing shorts scaled back filled for rba tightening, which could push the rba back to the peak we saw in july. sticking to the bond story, let's check out what's going on with kiwi yields this morning. we are seeing events continue with two-year yields above 172 at this morning at the asian session following the repricing they need from the rbn thread. check out futures continuing to -- to decline. it has strategists like barclays abandoning their short treasury. when it comes to chinese bonds that have joined the global bond selloff, they see the 10 year yield threat -- rising to 3.2% for reversing the move to come back toward 3% or lower. the gdp growth has several forecasters back to the drawing board. t

the asx 200 at the weakest in about a week, tech and consumer discretionary stocks leading the declinesutures down 0.4% after the japanese yen hit a two year low. we have korean markets away on holiday but we are watching the korean wan after a decline. u.s. futures down 0.5%. we have the market open in tokyo next. this is bloomberg. ♪ this halloween, xfinity rewards is offering up some spooky-good perks. like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. shery: welcome to "bloomberg markets asia." haidi: asia has major markets just open for trade. asian trade is having headwinds to start the week. hawkish signals from the bank of england. they're working on contingency plans as interest comes in on more of their dollar bonds. anchor: i will speak live and exclusively with hong kong chief