news.get first word juliette saly is in the singapore studio with that. ese president xi has hit back against protectionist trade practices advocated by donald trump in a speech in which he pledged to cut import tariffs and open his countries markets. speaking at the inaugural market, president xi said china would promote globalization and pledge to boost the must a consumption. -- domestic consumption. >> in the world of deep economic cooperation, practices like the law of the jungle and winner takes all only represents a dead-end. an inclusive growth for all is surely the right way forward. juliette: u.s. sanctions listed as part of the nuclear accord with iran has come back into force today as president trump on whatramp up pressure he calls maligned behavior in the middle east. secretary pompeo is set to release eight countries that will get temporary waivers to import iranian oil. more than 700 individuals, entities, and vessels will be sanctioned. contenders to succeed chancellor merkel as the leader of germany's cdu will crisscrossed the country to

with juliette saly -- in asia with juliette saly. we had some data out of china.uliette: a busy day. a little bit of a downturn on the msci-asia-pacific index. a bit of an attempt at the rally today. 1% in japan. third-quarter gdp contracting more than expected. you also have a weaker yen, pushing japanese stocks higher. this all has to do with oil. that is playing on the overall regional index. this has to do with a number of emerging markets like indonesia. oil prices have been the biggest draggers. santos is off by 5% on the close in sydney. price is affecting indian markets. this petroleum company is one of the best performers in the region, up by 8.5%. trendore is bucking the because it came through with an 81% drop in its profit. that is the biggest decline the airline has posted in seven years. >>. thank you -- thank you. annmarie hordern is standing by. numbers came in at ¥380 billion. a little bit softer on the dividends. the yen estimate was for ¥52. japan post up some 5% since beginning of the year. >> let's get the bloomberg first word news. : after mo

juliette saly in singapore has more. thin trading because of thanksgiving. : yes, very low volumes across the board in asia. in fact, volumes on the hang seng in hong kong off by almost 50%. coming under some pressure, consumer stocks being hit that elsewhere, fairly positive in the asia region. we have seen the msci asia-pacific index rise for the first time in three sessions, up .4%. that is thanks to strong buying and consumer stocks in japan. the nikkei up .7%. in australia, .9% up. indian and also a number of emerging markets doing a little better today, as well. in terms of currency markets, mark cranfield says you should be watching the aussie dollar. the aussie and kiwi are lower today due to shorter -- in the gilt curve. mark cranfield said if we see more of a truce coming through between the u.s. and china, we could see the aussie a beneficiary. is a littleupee stronger against the dollar today. that dollar weakness, lower oil prices helping the rupee and ruby bond. singapore, a miss with gdp coming in at 3% versus estimates of 4%. this is a currenc

juliette saly in singapore has more.see a rally on the msci asia-pacific index, but not quite with the strength we saw in the u.s. session. perhaps asian traders turning their attention to the g20? they certainly aren't you can see that reflected in the hang seng. elsewhere, it is a positive session -- they certainly are. you can see that reflected in the hang seng. elsewhere, it is a positive session. the msci pacific -- msci %.ia-pacific index up 0.4 0.6%.sx 200 up about a lot of the emerging markets doing quite well. you can see the jci up by 1.5%. is have a look at some of the stocks we are watching where you have seen the reaction -- let's have a look at some of the stocks we are watching. the australian banking stocks all looking good today. they all finished higher. that is because there is such an interest rate differential between the r.b.i. and defending on that tightening hike -- the fed being on that tightening hike. we are hearing that the ipo will be priced at ¥1500. a lot of weakness coming through in thes

juliette saly in singapore has more.e are seeing asian markets doing quite well thanks to gains in japan. you can see the nikkei on the close, up by 6/10 of 1%. see markets in korea being boosted by the carmakers they are. here.e carmakers ter you are still seeing weakness coming through in hong kong. the csi in chinatown down a quarter of 1%. -- in china, down a quarter of 1%. upon high in taipei down for tenths of 1%. the other apple suppliers are higher. we are hearing that a news conference is scheduled where they could announce payment with hong kong's tencent. and then weighing on the malaysian stock market is this casino maker. it is suing disney and fox for a billion dollars in damages. is due to fit -- to the fact that they pulled out of plans for its resort. manus: thank you. let's take you to our question of the day. really ought -- in the eye of the storm. apple's worst drop in a decade? what does it mean for global markets? let's get your first word news. debra: president trump has could the brexit deal jeop

juliette saly has more. we are seeing the impact from nvidia and concern around chipmakers. good day. juliette: we certainly are. the nikkei down by 0.6%. a lot of the chipmakers under pressure, closing at the session weaker. taiex down by 0.3%. elsewhere it is a tug-of-war. we have those comments from wilbur ross, essentially putting a hold on those u.s.-china trade talks. you have support for chinese real stocks in the csi 300 is up by 0.9%. a loss on the msci asia-pacific index, not that bad dude to this strength in chinese markets. we are on track for a second weekly loss of 0.5% on the regional index. with have a look at these chipmakers. softbank very much in focus because it's parent company owns a stake in nvidia. it is down by 3.4%. the biggest drag on the msci asia-pacific index today. we are also seeing a big slump coming through in chinese education stocks. this is after a regulatory clampdown. that follows clampdown is on the property and also pharmaceutical sectors. really just dimming prospects. china may believe down by 18%. down by 18%. nejra: more broadly, e

juliette saly has more. good to see you. juliette: volatility absent today, but the buyers are here. the msci asia-pacific index up for a third session. a positive commentary coming through from larry kudlow suggesting when we have that dinner date between presidents trump and xi, there may be a move toward a truce. the hang seng up by over 1%. a lot of buying coming through in china. the nikkei closing of the session further as well. we have a slightly weaker yen. weakness in australia despite bullish calls from goldman sachs on commodities. also saying the iron or correction to be over. jakarta's market is weaker as well. good buying in india today. overseas investors have returned. let's have a look at stocks. tech players leading gains across the region. particularly in hong kong. sunny optical and tencent among the front runners. also seeing good buying in solar players in china. speculation china could announce supportive green energy policies before the end of the year. the downside, yes bank is weaker in india. fallin

anna: thank you very much, juliette saly in singapore.ons clearly one of -- at across once at the market -- a cross winds that the markets are having to deal with. which assets will see the largest reaction to a u.s. trade surprise? and trumpesident xi to meet later on. what kind of market -- reaction could we get from markets? let's get the bloomberg first word news update in dubai with deadly humphreys. the anticipated revolt against u.k. prime minister theresa may appears to be running out of steam. with her opponents yet to reach that threshold for a leadership challenge. more than 20 tory lawmakers have declared they want made to go -- theresa may to go. meanwhile, bangkok england appears -- mark carney later today. nissan and mitsubishi motors shares have fallen in asia. there were allegedly violations of japanese financial lot. income wassays underreported and assets were misused. he also says a committee will look into the structure of nissan alliance with renault and mitsubishi. >> is too early to speak about the facts, since i d

let's check out the broader story around asian markets, juliette saly has that for us from singapore.eporter: it is a day in the red for the regional index, being led by these losses in hong kong and mainland china. mainland chinese equities seems to have missed out. they have been in the red every day so far this year. it is unprecedented move that we heard from authorities to set limits on what chinese banks can lend to the struggling financial private sector is weighing on investor sentiment. it is off by 2.5% on the trade. 200 also in the red, although not hit as hard as japan and china markets today. in terms of stocks we have been watching, chinese automakers in focus today. car sales slid for the fifth straight month. off by over 2% in hong kong. we are watching a lot of these tech players, especially in taipei. it's after that bendable phone from singsong, who is going to make that technology? they have targeted this country -- company. in australia, falling the most since 1987. it's given a figure to the market for its engineering provision of $250 million. that is after it s

nejra: juliette saly in singapore, thank you.t the first word news with desley humphrey in dubai. theresa may is claiming victory in her fight to win a brexit deal, saying she had one thing cabinet backing for her eu divorce plan. after five hours of talks, the senior ministers, may described the draft deal. at least two senior ministers are considering whether to quit while scores of lawmakers from the conservative party are lining up to vote against the agreement. >> these documents were the result of thousands of hours of hard negotiation by u.k. officials and many meetings, which i and other ministers held with our eu counterparts. edfirmly believe the draft agreement is the best that can be negotiated and it is the cabinet's decision to decide whether to move forward with the talks. desley: jay powell says the u.s. economy is strong but could face headwinds next year. policymakers wait how far and fast to raise interest rates. challenges include slowing growth abroad, fading fiscal stimulus, and the effect on the economy of

let's get a check on the markets in asia with juliette saly. good to see you again.e: treasuries are closed. we are expecting a very quiet day. the csi closing at the lows of the day. the u.s. is trying to convince other countries to avoid using technology from china. ons has specifically weighed tech stocks. market is up by 4/10 of 1%. movementetty flat coming through from a lot of the emerging markets. have a look at some of the currencies you mentioned. treasuries closed in the japan session. anything that people could trade today had a lot of close. we had a little bit of movement coming through on the safe haven buying. a weaker fix coming through from the pboc. we have seen this falling against the dollar. pboculd actually see the get the market toward a dollar level. we were looking at the rope yet a little bit stronger. let's get the first word news kong.ebra mao in hong reiteratedan has support with renault despite the firing of their ceo. they also told press stabilizing the current structure is the best way forward. nissan found a way to dismiss carlos. we

juliette saly, good morning, how are your futures? ette: good morning, good afternoon from sweaty singapore. , nore looking for that matter what you hear, we are seeing futures of across the board. a bit of a choppy session coming through in the asian market, china markets under pressure, the focus will be on the u.s. midterm elections but at the moment, when you look at the europe futures, they are pointing higher. let's have a look at breaking from the consumer company that sells cigarettes, cigars, pipe and smokeless tobacco. has come through with numbers in operating profit of 3.77 of 3.77 british pounds, that is a beat on an estimate of 3.71 british pounds, getting some numbers coming through on imperial and looking at what we were expecting from our bloomberg intelligence group, imperial brenton it will offset in the second half to deliver it profit growth and we felt in a slightly lower adjusted operating profit to the first inf and it sees investment bloom by one hundred million pounds in the first half, also expecting revenue

juliette saly has that for us. russia has fired on ukrainian warships, capturing three and injuring some of their crew. this marks the dramatic renewal of tensions between the ex-soviet neighbors. the incident occurred off crimea, the peninsula russia annexed four years ago. it has earlier cut off access to the straight for security reasons. the united nations security council will hold an emergency meeting later today in new york. saudi aramco says it remains committed to an ipo and the only question now is timing. speaking exclusively to bloomberg, the ceo said the saudi oil giant is committed to an oil stake and the two cannot happen at the same time. aramco has been hurt by falling oil prices, but a listing is deemed essential to attempts to diversify its economy. >> these two cannot go concurrently. you cannot list while you're going through a major acquisition. the acquisition makes a lot of sense for us and we need to do it right now because we've got a strategy of shifting from 2 million to 3 million barrels

let's check in on the markets in asia and juliette saly in singapore has more.king quite so bad as we were at the beginning of the session, but we are still in the red. the msci we are on asia-pacific index, but you can see this rebound coming three in chinese and hong kong equities. the cfi 300 closing. garfield saying is this a bounce? you put it in a more interesting term. the india market coming under ofssure despite you saw some the oil refiners rally. we have seen a lot of the energy sox being hit hard by the fall in crude prices in the u.s. session. a lot of the em's also hit hard by that fall in crude such as malaysia's market, off by iran 1%. japan's index closed off the session weaker. having a look at some of the other market movers, you have seen not only major risk off in terms of equities and commodities, but also in terms of asian dollar bonds, particularly the commodity dollar bonds. was a little bit mixed against asian currencies, but the asian currencies are a much hit hard. the malaysian ringgit down .25% against the dollar. he saw the u.s. do

let's check in on markets in asia and juliette saly has more. good to see you. 're seeing asia in the green. juliette: we are. good to see you. i know what you meant. we are seeing stocks move higher, asia index up .33%, the nikkei leading these games coming back after the public holiday friday and a weaker yen. also, hong kong's real estate stocks looking solid. you're seeing weakness in india, some of the banks like yes bank under pressure. let's look at the other stock movers. taiwan shares moving strongly following an election debt where pro-china party scored a big win, and the market, according to analyst, seems to like it when it looks like they are taking victory. i mentioned the downturn in commodities, particularly in the iron ore space. the singapore contract futures lowest since july. the metals group in sydney down 4%. we're awaiting a board meeting from mitsubishi motors to decide on the future, that is of course call is going, -- carlos ghosn, who remains under arrest in japan. manus: thank you for the latest on the markets. let's get first word ne

juliette saly in singapore has more. >> we are seeing some take on some risk.e have the msci asia-pacific index virtually flat. you see the nikkei close, higher by 4/10 of 1%. this does not seem to have taken a dent to hong kong and chinese equities. some of the emerging markets did well yesterday. it has been a great november for asian investors. that's the first monthly gain for the msci asia-pacific index. let's look at some of the stocks we are watching. they are really trying to stabilize the share price. there is a very popular selfie app. have is concern it may taken too much. from its consumers. it has -- data from its consumers. lost $480 million in market cap over the last two sessions. >> thank you. today we are asking the question on mliv. what asset will move most on a trade ceasefire? you can join the debate and reach out to us. now let's get the bloomberg first word news. : federal reserve officials have signaled a more flexible in their interest rate increases after a hike. said their language regarding expectations for gradual increases may nee

. >> but first let's get over to the market with juliette saly. what's the latest?rading week. most of the major markets we track are higher after holidays, and we got the msci asia-pacific with communication and real estate stocks leading the way. -- it is up by the most in about a month. iron ore futures have fallen quite substantially, the lowest since july, really weakening profitability and you can see it up by .9%. and bitcoin is continuing its tumble back below $4000 the worst ever bear market, down about 79% from its peak nearly a year ago. >> an amazing fall. let's head over to the indian markets. what's the story? a fall in crude bodes well for indian markets. we have seen some positive skews coming in. the nifty is flat, after they gave up some games. they are also advancing despite the fact that some private sector banks are looking at weakness. the highlight will be the indian rupee which continues to strengthen against the u.s. dollar, and that is going to be the talking point. all eyes will remain on technology stocks, and those companies which are ex

let's get the first word news update with juliette saly.ttorney general jeff sessions has resigned at the request of president trump after becoming a target of the president's contempt for ceding control of the russian investigation. he will be succeeded by chief of staff matt whittaker, a critic of the mueller inquiry and has the power to determine -- its scope. president trump is calling for a new spirit of bipartisan politics after democrats won control of the house. the also warned of a "warlike posture" if opponents use their position to launch investigations into his administration. the president unexpectedly reversed his antagonism toward the new majority leader nancy pelosi, saying she should be speaker again. >> hopefully, we can all work together next year to continue delivering for the american people, including on economic growth, infrastructure, trade, lowering the cost of prescription drugs. these are some of the things democrats do want to work on. >> it is not about what you have done. it is about what you can do. what you h

the particular ricky is italy -- the juliette saly is that -- the peculiarity is that italy has beenon't have spain and greece going with italy, but rather staying with the core, the view of brussels. francine: talking about oil, one of the biggest movers today, if you look at wti falling for seven straight weeks. we saw brent at a psychological level, preaching that level. ching that brea level. does lower oil helped the economies or does it make the ecb transaction possible because they are not seeing inflation? christian: the supply and demand question is never fully solved. you have models by the imf, models by new york. that what wet now had believed earlier when we talked about oil going to 100, there would be a massive lack of supply and that has turned out to be not the case because the iran sanctions, exemptions and a lot of the other supply coming through. i think oil pricing general for europe and lower prices to help. we looked at models that show good growth at 17 -- in 2017 was the effect of the fall in oil prices. it makes it different for the ecb, but oil is headline