here is your kiwi board. the kiwi to the upside on the back of the rbnz decision. rates unchanged. the key takeaway was higher rates could be coming in the second half of next year. we are seeing when it comes to the kiwi dollar we are at two week highs. the aussie kiwi at 1.06. yields on the short end suring, up nine basis points for your two year. the 10 year yield at 1.87. we are looking to adrian, the head of the rbnz speaking on what this means. there could be more support for the kiwi dollar. plenty more to come. this is bloomberg. ♪ >> from the heart of where innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emily: i'm emily chang in san francisco, this is "bloomberg technology." coming up, the washington dc attorney general slaps amazon with an antitrust suit, accusing

annmarie: our mliv says rbnz met the kiwi out for a run.n the heels of bank of canada. that does it for us. this is bloomberg. ♪ (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that and more in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you to maintain comfortable, correct form. that means better results in less time. you can do an uncomfortable, old-fashioned crunch or an aerotrainer super crunch. turn regular planks into turbo planks without getting down on the floor. and there are over 20 exercises to choose from. incredible for improving flexibility and perfect for enhancing yoga and pilates. and safe for all fitness levels. get gym results at home in just 10 minutes a day. no expensive machines, no expensive memberships. get off the floor with aerotrainer. go to aerotrainer.com to get yours now. anna: good morning. welcome to "bloomberg markets: european open." i am anna edwards. mark cudmore joins me in

kiwi stocks are snapping a five-day gain. the kiwi dollar on the rise.jobs data. -- the beat in jobs data. they af 5200 coming online. keeping a close eye on raw materials given the upward pressure we have seen for earnings. jp morgan raising the year end target for the aussie benchmark. keeping a close eye on oil have brent trading -- a close eye on oil. the slow down and it will demand we are seeing in india. it is being priced into markets. flipping the board for a check on anz shares. cash profit coming in at $2.3 billion or seeing some upside moves. the second-best performer among australian financials so far this year. haidi: sophie in hong kong. as economies reopen, investors are looking for the biggest beneficiaries to park their cash. our next guest says pursuing dividends is a good idea when interest rates and inflation are going up. let's bring in the asia pacific investment strategist. you said hedging is the way to go. what is your favorite strategy as we straddled this position between a great deal of pandemic related uncertainty but the cl

stay there for a specified _ the kiwis do.e done. then they can be let out into society _ then they can be let out into society. otherwise, ithink then they can be let out into society. otherwise, i think we are constantly— society. otherwise, i think we are constantly going to get stories as we are _ constantly going to get stories as we are getting of variance coming in and then— we are getting of variance coming in and then afterwards we will have all this debate on whether they can be further— this debate on whether they can be further relaxation or not. very interesting that boris johnson further relaxation or not. very interesting that borisjohnson is still debating as to whether the june lifting of restrictions will take — june lifting of restrictions will take place and is under pressure from _ take place and is under pressure from his— take place and is under pressure from his advisers on science and members — from his advisers on science and members of the government not to do so. members of the government not to do

quibi gains -- kiwi gains still on the horizon. the aussie qb dollar --kiwi ahead of the meeting.rices are getting, brent above $69 eyeing that $70 a barrel mark with a crude set for another month again, the fourth 20 rise of this year. in the offshore yuan is had a stellar week as well. cnh back above 637 as we had the pboc cautioning against one-sided expectations, and capital flows to the mainland have felt was the csi 300 to a march after eight four taking with the index at for the best week since the winter new reopened and we are watching earnings due on friday and g date logistics making its debut in hong kong. shery: we have breaking news at the moment, the japanese government is seeking to extend the virus emergency in tokyo and other areas. remember this virus emergency has been extended across the country many different prefectures across japan as we continue to see the rise of infections as the vaccination rollout is quite slow across the country. we have seen a lot of controversy over the upcoming tokyo olympics in july, whether or not it should be held, japan seeking

kiwi stocks off 10%.i adding 9/10 of 1% with names like gsc holding among the gainers today. we are seeing oil related names rise across the region. tracking gains we are seeing. u.s. gasoline futures nearing a two year high. that is lifting refiners across the region. fortescue shares rising for a fifth straight day, climbing to a february 25 hi. i want to pull up this chart on the terminal. you have the dollar back to square one after the jobs report on friday reinforced a dovish stance for the fed. pushing the dollar firmly below its 2021 uptrend appeared that is indicated by the line on this chart. there could be more stimulus ahead. biden is to host four congressional leaders at the white house on wednesday. now to check in on the korean yuan, which is leading gains in asia. also leading gains for em currencies with a gauge of the emerging market. forex hitting fresh highs once again given the focus we are seeing on that space. kathleen: let's stick with this whole look at korean assets. stocks have

kiwi stocks gaining some ground ahead of the rbnz decision.ooking for any tapering potentially from governors lady today. the dollar in focus. it has slipped to a january lowl , while trading at six year lows. that is why the yuan is trading at a three year high. we will watch the tolerance for that yuan strength. while we are seeing the dollar under pressure, turning up the board on the terminal, we are seeing gold gains. it reversed the year-to-date losses with trading at more than four month highs, holding around $1900. bmo capital saying we could see it test resistance level at $1960. looking at the chart on the terminal, yields on 10 and 30 year treasuries at the two week lows. pulling up the chart right now, as you can see, benchmark rates falling below 160. this as we saw the u.s. consumer outlook soft into a three year low. new home sales in the u.s. fell by more than expected in april. going forward, when it comes to the outlook for u.s. trade, our colleague alice andrus sees a test of $153 over the next few days. shery: rising u.s. i

kiwi bonds are extending. the are seeing it for global debt after we saw 30 year yields a fall to a two-week low. but a strong tear option adding to positive sentiment for later sales for the u.s. this week. check out spot gold holding steady. this after raising a year today losses. this putting it on course for the best month since july. capital markets are seeing the resistance at 1960 on the bond rally and teetering u.s. dollars. shery: still ahead, bitcoin resumed its line is the energy usage debate with investors will discuss the outlook with -- who has the largest digital asset exchange. legal trouble for amazon. the tech giant is hit with its first antitrust lawsuit ahead of an expected $9 billion deal for mgm. the details ahead. this is bloomberg. ♪ >> you're watching daybreak australia. the european union has moved to impose further sanctions on belarus after its forced landing of orion air jet over the weekend and arrest of the opposition journalist on board. the u.k. close iteris these -- closed its

we are seeing kiwi stocks under pressure a little bit right now as of course we have the new zealand retail sales numbers for the first quarter excluding inflation rising 2.5% quarter on quarter beating expectations. u.s. futures under pressure after stocks ending the week mixed. for the week we sought gains for the nasdaq 100. citibank futures under pressure alongside u.s. futures. brent gaining .25 of 1% after its worst week and almost one month as investors pricing potential impact of iran deal releasing new crude into the market. haidi: we are seeing movement when it comes to bitcoin this after another volatile weekend, bitcoin prices fluctuating just shy of 4%, pretty range bound but we are 50% below the high we reached in mid april. let's get more on this with ethereum, dogecoin, other all coins as well. take a look at that chart, 50% lower. the lights have fallen as much as 50%. let's look at what is driving this latest round of volatility. su keenan joins us now. >> the weekend fireworks in crypto could actually impact or increase in the uncertainty a lot of investors in more

for subsequent years, deficits were slower than previously forecast, falling to 2.3 billion kiwi dollars in 2025. in terms of treasury projection, it's returning to a budget surplus in 2027. so pretty optimistic view. new zealand forecasting faster economic growth. just to ep updated on sri lanka, it's keeping rates unchanged at 5.5%. pretty much in line with expectations. peak minute -- keeping it unchanged for the seventh straight meeting. keeping ammunition for later amid lingering concerns about the economy. of course it is opened up its borders and is hoping mood could help drive growth going forward. also interesting to note, it is not just a buyers bond that's a key challenge for the economy. also 3.7 debt repayments it's set to see this year. 3.7 billion dollars. let's dive deeper into what markets are showing. mark cranfield joins us here from the lion city. some fed officials open to discussion tapering bond purchases at upcoming meetings. which brings us to the question of the day, which assets won't suffer in a taper tantrum? mark: probably everybody would suffer in a real ta

the kiwi dollar has given up the gains we saw yesterday, sparked by the rbnz's projections so the kiwi dollar back below 73. a head china's industrial profits due this thursday, the offshore yuan holding below 639, with activity showing traders are looking for a move below 635 potentially. shery: we are watching the trade front on negotiations could happen very soon with u.s. trade representative katherine tai expected to hold her first discussions with counterparts in beijing as early as tonight. the importance of tariff rollbacks as part of the next steps in trade talks. for more, let's bring in tom mackenzie in beijing. what is the u.s. hoping to achieve with these talks? tom: katherine tai has said previously that she wants to have policy continuity. she wants to build on this trade deal that was negotiated by the trump administration. she wants to use that as the platform to encourage more trade deals in china while acknowledging structural changes will continue to be challenging. she wants to check in on commitments that china has made around this deal and see that it is living u

high profile leaders of an anti-government protest movement products sure what arc and child born a kiwi born upon have spent weeks in pretrial detention on charges of insulting the king that bail was granted on the condition that they stay in thailand and don't participate in activities that quote create unrest china's population is growing at its slowest pace since the fifty's thanks to falling births a rapidly aging population the results of a once in a decade census also revealed that the population grew by more than 5 percent to 1410000000 people but as katrina reports now from beijing experts predict that will begin to decline within the next 5 years. one surely and is 44 and looks forward to retiring at the age of 50 but she may need to wait a little longer the chinese government is set to raise the age of retirement by at least 5 years just one of the policy changes expected in response to the country's rapidly aging society. i couldn't accept a my retirement have been delayed much longer i was very concerned why i heard this news according to the results of a once in a decade ce

kiwi stocks paring back, holding five sessions of decline.ressure for the rest of the market. sydney futures down .6%. this after we saw the big spending budget. we still see reaction to that with the 10 year yield trading higher. nikkei futures down. this extending the declines perhaps from the worst day since february. kospi futures under pressure, despite we have seen the unemployment figure coming lower than expected. let's get to vonnie quin with the first word headlines. >> president biden is expanding free rides from uber and lyft to entice more americans to get vaccinations. free shares to anyone going to get inoculated. the u.s. is administering about 2.1 million shots per day, down from about a month ago. domestic demands weakens and virus cases fall. biden has also promised more vaccine help for overseas. >> every country in the world is now looking to us to provide for their lack of capacity to produce and/or have vaccines. i'm not going to shortcut the united states of america. we will have enough vaccines for every single americ

we are seeing kiwi stocks losing round at the moment. down .1%.y futures pointing higher, a court or percent. we are watching japan. nikkei futures unchanged at the moment. this as we have the japanese yen at a three week low against the u.s. dollar. we do have labor cash earnings at the bottom of the hour. watch out for those. we also get pmi numbers out of japan as well. kospi futures pointing higher. .5%. all of this coming up on "daybreak: asia." this is bloomberg. ♪ g. ♪ >> we are just getting the latest japan wage growth numbers. that is better than the expected. it was expected to stay flat, essentially. when it comes to real cash earnings, we are seeing half a percent. we are also looking at the cash earnings year-to-year numbers. that is better than the contraction that was expected for the month of march. we are seeing some movement when it comes to wage growth in japan. but nowhere close to what the bank of japan have been targeting. shery: over here in the u.s., the federal reserve's latest report is waving a red flag on the vulnerabil

kiwi stocks bouncing back after hitting a correction on friday. posse stocks looking to extend gain at a press hide. continuing recovery for australia but warning of recovery -- turbulence ahead. analysts expect a 26% gain as markets way a potential hawkish be ok. pulling up the chart. indian stocks have been on a tear. clinching a fresh record high, not too far behind after capping a two gain. there was a question of a risk of a bubble at the rpi. some investors maintaining long-term optimism as well as earnings. we have seen india's new covid cases slowing down, although barclays morning the economic toll in india appears larger than expected. haidi: the u.s. has reported the fewest number of covid cases since the early days of the pandemic, but disease experts warned that the chinese government cooperation in tracing the origins of the coronavirus is crucial to preventing future pandemic threats. our deputy managing editor has the details. this comes at a time where a lot of analysts are returning to this idea of the lab leak theory. where are

kiwi stocks are gaining ground. we have aussie futures pointing to gains after the asx 200 fell to a one month low. pulling up the charter on the terminal, we have materials and tech weighing on chinese stocks, chinese benchmarks being put under pressure. kenny's equities entering a second bear market -- chinese equities entering a second bear market. shery: let's discuss the concerns with the ceo of the spotlight as that group. we continue to see this back and forth in the markets. i went to point your attention to the misery index in the u.s. because we are continuing to see it climb since the end of february and this index pointing to those inflation concerns, the unemployment rate as well. is this a risk for risk assets? >> i am not sure i would consider a risk. it is a short-term concern. the markets are dynamic. these are not new things happening. the market -- whether or not the market expected it to happen at this point and if not, it will absorb the information and we will move thread. in the short term, th

we are seeing these dollars reported, kiwi stock single longest moving streak since february, moversropping more than 5% at the moment. we saw record profits and that did not fail to impress markets because at the same time they announced another repurchased commitment so now we are seeing softbank taking a hit. also down on most 13%, they purchased about 100 million dollars in bitcoin earlier. following what tesla has done but today elon musk said they will stop accepting bitcoin on purchases for their cars. holdings rising at the moment, capital says its investment in the company. haidi: stick a look at taiwan shares, have been talking about -- let's take a look at taiwan shares, we been talking with the selloff as a focus. stocks in taiwan seeing the biggest one-day wrap since march of last year. take a look at how that tracks on this chart. -- one of asia's top performers of the year, we had trading that expanded from seven to 10%, you can look at the historical context of the plunge we saw yesterday. we heard from the financial supervisor that they would potentially intervene if

we have $274.00 kiwi does the left until the end we stay and stick to the outer banks or the highway because there is another route which is 6 minutes past that somehow it might not include the proper charging positions and you have to rely on them because even here out of 4 charges only one was working so i don't know what's wrong with these things so if you have bad luck and someone play this place in front of you then the whole thing is cool so we have to keep on going on these costs are just otherwise the plan will be destroyed 100 percent in the moment we have to fall behind so where our 40 minutes behind target time. was. right. guys we're getting closer to the next time you need to be conscious know where the charges and. he will be. ahead. it's. up from here to there now and then we need to know how much it is from there to the next not just yet so we're told it be to get us on stand weeks to find out if it might be about the next time i don't quite know what it is we are every end up there with my family does not probably detect it. so 46 minutes we charge here so it's quite

tom: exclusive interview with the ceo of zero, the kiwi software company, reporting earnings with profit jumping sixfold. yvonne: another selloff we are seeing in the region, but not as sizable as we saw yesterday and particular when it comes to taiwan. taipei down about 1%. it is the very tech heavy benchmarks that are falling, but u.s. futures and nasdaq futures still in the green. not as bad as yesterday, but we continue to see taiwan under pressure. we talked about how asian stocks today have erased all of the gains already. those inflation concerns once again reaffirmed with the u.s. cpi overnight, the fastest pace of growth and's 2009 for inflation in the u.s., but we did see yields picked up at one dollar 67. oil, seeing under a bit of pressure, but the colonial pipeline did open after the cyberattack, so a bit of a relief, but there is a lot of gas shortages out there. bitcoin is pretty volatile after elon musk's comments. here is the focus on taipei. you take a look at the semis, it is hitting once again, and the taiwan semi down 1.6%. and up about a quarter of 1%. if you take a

the kiwi on a 16 week high against the aussie dollar. we are seeing pressure amid some of these lockdowns out of victoria. the offshore bremen be -- offshore remimbi still holding. we see a cooldown when it comes to the asset class, but a lot of focus on china. first it was the clampdown on iron ore, copper, corn. the next victim as we talk about import clampdown's, it seems like a negotiating tactic out of china, but we did see movement in these core markets rebounding. it seems like those u.s. cargoes that were canceled there, not that big enough to shift the outlook. haslinda: top u.s. and chinese trade officials have just finished their first discussion. talks between the vice premier and a u.s. trade representative were constructive. let's bring in our china correspondent, tom mackenzie in beijing. it's constructive and very important. tom: as you say, this is the first set of talks between the sides since the biden administration took over. they said these conversations were constructive, candid, and will be continued. they both ag

aussie is flying high against the kiwi as well.ll keep an eye on that rate decision and bring you that decision tomorrow morning. currencies very much in focus from the yuan to the aussie. let's reset the agenda with your "first word news." leigh-ann gerrans is with me in london. leigh-ann: iran and global powers have begun the latest round of talks to revise the 2015 nuclear agreement. 's russia envoy to the discussions in vienna says there is an understanding the current round should indeed be the last one. iran does want the u.s. to lift sanctions if it agrees to again follow the terms of the deal. president biden plans to tell vladimir putin the u.s. will not stand by and let russia abuse human rights. the leaders are set to meet on june 15 and 16th, speaking in delaware the president said he also told chinese president xi jinping that the u.s. does not tolerate human rights abuses. the summer olympics in tokyo faces a shortage of doctors because of the coronavirus pandemic. organizers have initially planned to have about 10,00

we saw the kiwi and the aussie dollar is the biggest laggards overnight. we had the rbnz in its report saying it could potentially increase restrictions on lending conditions. we will speak with the ceos about those results on the outlook. >> in the u.s., president biden set a target of 70% of u.s. adults receiving at least one dose of covid-19 vaccine by july 4. he said he is aiming for 160 million adults vaccinated by independence day. for a look at one u.s. state, our colleague david westin is standing by with a special guest. david: david: we want to welcome radio listeners as well. we are joined by new jersey governor phil murphy. you are redefining a beer chaser in new jersey, not on the side of vodka or whiskey, but following a vaccine. >> it is good to be with you. that is part of our proactive outreach to get 4.7 million citizens vaccinated by the end of june. we had a supply-demand in balance for many months, far more demand than supply, and we knew it would come to this moment, and we are here. that balance started to move in the other direction

kiwi stocks are up. we get the delivery of the budget today.ooking at the nikkei futures, it is up. holding pretty steady, trading lower in hong kong. aussie futures signaling positive futures. fomc is tapering bond purchases. our editor kathleen is here for more. are they now ready to talk about talking about tapering? >> clearly, they have talked a bit about tapering. i feel like i'm doing a comedy routine here. they wrote at the very end of the minutes, just like a throwaway line. a number of participants suggested that the economy continued to make rapid progress toward the committee's goal, it might be appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases. a number of participants, how many? upcoming meetings. this is definitely somewhat different from the boilerplate line you heard. almost every bank president saying yes we could get there but it's too early to do so. it's too early to talk about. remember the interview that i did recently on the show where they said i don't wa

the kiwi dollar above 73, following the rb and z'-- following the rbnz.e may see tightening by the middle to late next year. we are seeing the korean won ahead of the ok decision. we will see if they raise the growth and inflation targets. while we may see improving outlooks, korea and japan cut their assessment for consumption and business conditions. profits are due this thursday. checking on the renminbi, the offshore rate below that 640 handle after breaching the level with the onshore yuan yesterday. seeing a move toward 630 for the currency. the pboc will likely mitigate the rally on china's exports. i do not see the renminbi moving far from that 640 level. dollar depreciation will moderate. the u.s. is seeing the tightening shift globally. haidi: let's get back to one of our top stories. the u.s. trade representative expecting to hold discussions with her chinese counterpart in the coming hours. china is stressing the importance of tariff rollbacks. our white house reporter in washington, and our markets coanchor, tom mackenzie. what do we know abo

it is kiwi build that capacity out be nibble testing capacity, noble administrative capacity to make sure that we have these miracles of the vaccine because they really are medical miracles and marbles they are not wasted because of bureaucratic bottlenecks or ill preparedness or lack capacity in the field. and so as we look at the u.s. loand the uk which are two of the largest players in international development i think we have not only a special responsibility but a special opportunity to foster that so that doess not become what sets us all back. the final point i keep coming back with is what i really like about this report it is a long-term roadmap. i'm worried right now in the u.s. because we are seeing somee positive numbers we have a tendency to stop looking at -- we take our eye off the ball proving to be thinking about what is down the line because that is a real risk. we could see everything come undone. you could argue that we need to -- some criticize vaccine nationalism. i do not criticize vaccine nationalism. it's in our self-interest i do criticize vaccine populism.

bitcoin doesn't -- the dollar bouncing off a three year low and the kiwi moving aggressively higher thisusually is a big lag in the u.s. market. let's talk about the markets, because we've been waiting for the opportunity to see what's in the minutes from the fed's april meeting. michelle, what do you reckon the hints from the fed are going to be? annmarie called it a snooze fest. is it? michelle: it's hard to get too excited about minutes in any context at any time, but right now, of course we want to watch for inflation, that will take center stage again. keep in mind the minutes or reflection of the official conversations from three weeks ago. it does give us a window on their thinking. we will have to read between the lines and compare to what we've heard recently. we want expect to see any surprises around their views that it's transitory and will not immediately affect policy. one thing the fed will increasingly be pressured on is a discussion of what transitory means in terms of timelines. it's not been entirely clear if it runs out at the end of this year or the start of 2022 are

in new zealand we are seeing kiwi stocks lose ground, 82 milk under pressure dropping 16% here this,after it lowered annual earnings forecast for the fourth time since september. check out the aussie dollar the 78 handle. net logs rising for the currency a meta-commodity boom adding for the future for the rebound in australia that has td securities seeing at tightening happening sooner than expected and austria. in the em space we will get inflation reports for brazil, china and india. ahead of that we had the msi emerging currency index at fresh all-time highs. a lot of focus than on energy specifically within the commodities space. haidi: yes, and let's get back to the top story, the ransomware attack on the operator of america's largest pipeline, it is threatening to destabilize supply. it has given no timetable yet for restart seeing they will bring back systems when it is safe to do so. let's cross to our securities reporter from new york. william, what we know about it, what is the latest? and we have an idea of the next steps? >> thank you for having me, right now, we know ver

. ♪ shery: checking on markets right now, we are seeing kiwi stocks under a little bit of pressure right for the jobless rates out of new zealand on wednesday. sydney futures under pressure. we do have april housing prices out today. u.s. futures gaining ground but watch out for the kospi because we have that short spelling ban being lifted. more news just ahead. this is bloomberg. ♪ bloomberg. ♪ >> let's get you caught up on the first word headlines. data accorded covid deaths in india hit 3689 on sunday while the number of daily cases slightly -- dipped slightly. the crisis may have cost the prime minister a key election. his party conceding. he was criticized for holding mass rallies and the opposition-controlled state as infections of sword. the u.k. foreign secretary said the

the dollar-yen story one o 9.89 and kiwi weakness after touching big milestones this week, given whatfrom the rbc. austria 10-year old -- 10-year yield taking higher at 1.69. jd logistics in hong kong up close to 12%, another company earnings out later today and next digital down 7% after it surged 50% yesterday after it resumed trading. hong kong warning hsbc and citibank of jail time over jimmy li's accounts, the next development in this saga. and south32 gold minders up 6%. haslinda: coming up, inflation a different beast today than it was in the 1970's. find out why central banks can't wait to react to price pressures. plus, our guest from coalition for epidemic preparedness innovation is parts of asia see resurgence in covid cases. keep it here with us. this is bloomberg. ♪ (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain

dollar situation really played out and it came to the aussie and kiwi dollars. the aussie was the biggest decliner after long positions were cut. shery: let's discuss how inflation will fit into the broader markets. our next guest expects strong growth over the coming quarters. earnings beating expectations in the discretionary sector hitting new highs. victoria fernandez's chief market strategist at crossmark and joins us now. great to have you as always. do you change the rotation to cyclicals from growth? because it has been going back and forth during the earnings season, hasn't it? victoria: it sure has, and that's exactly why you don't want to be chasing it. you get that whipsaw effect if you try and time the market exactly, try to take the highs and the lows in each sector. for us, we think is more important to really take that longer-term view. don't try to chase each rotation and longer-term we think there are some trends, even within the tech space. we have seen the tech space come back and we saw today. we think that is where some of the greater trend

kiwi stocks, watching keenly this week. we see really going into the rate decision, knowing that it could change the policy. certainly look at the slowdown in bond rushers. the inflation will growth outlook. the start of trading in sydney, seeing a little bit of a decline when it comes asian interest. still, that market is trading close to a record high chicago nikkei futures, downside going to the start of trading in tokyo. a big week in asia, number of central bank watching the bank of korea as well as indonesia. also, a final note on gold, saying where that goes after the third straight week with again. inflation moves in the u.s. dollar as well, concerns with virus flaring up in some places of the world. the demand for precious metals. let's dive into more details on the wild weekend. crypto, bitcoin funding on saturday. plunging is much is 18% on sunday. the digital coin, meanwhile crypto exchange is scaling back or suspending some of its services. 18% moving bitcoin, just another day for bitcoin, what are we seeing an

sophie: seeing downside moves for kiwi stocks. hong kong is off-line. we are seeing the potential for losses of more than 1% in tokyo and sydney. pandemic concerns also loom large over asia. philippians cutting the economic outlook. helping shore up the economy in the face of the outbreak. optimism may wane further while europe's rebound -- that sentiment is gathering pace. the euro area is the most overweight region globally, and investors are long u.k. stocks for the first time since 2012. the euro trading at a high with sights to a fresh year-to-date high. gold miners also might track bouillon higher as prices hit a three month high in the u.s. session with investors turning net buyers. looking ahead, morgan stanley seeing gold potentially saying -- staying, even as it expects the to taper ahead of the fed update wednesday. with inflation top of mind, still tops the list of biggest risks in a survey. of note, bitcoin in the survey, bitcoin long position, the most crowded trade in the world. shery: we have breaking news. we are getting the latest earn

shery: we have seen recently the aussie dollar, kiwi dollar really outperforming.are analysts saying about their preferred plays? sophie: bank of america is looking at the short-term outlook being favorable for the norwegian krone, given the caucus position of the central bank they are, while in the long run, the aussie dollar is benefiting from green energy and digital trends, as well as copper, lithium and cobalt. commodity currencies are only tentatively factoring in higher commodity prices, as commodities pickup post pandemic. shery: we will be watching those fx markets. plenty more ahead on daybreak. this is bloomberg. ♪ ♪ haidi: we are getting numbers at the moment, united overseas bank reporting first-quarter net fee and commission income of six under $38 million singapore. they headlined, just over one billion singapore dollars, beating expectations of 108. we are looking at the impairment charge number for the first quarter at $201 million singapore. it is southeast asia's second largest lenders seeing a big rise in income march 31, that was expected, but

when it comes to kiwi stocks at the moment, they are under pressure. down .1%.ss futures gaining a quarter of a percent. we do have the aussie dollar supported, given very high iron ore prices at the moment. we are getting some more data in the next couple of hours including japan march labor cash earnings, not to mention south korea's balance of payment trade numbers. we are a walk -- we are watching out for that. haidi: coming up in the next hour, we will discuss the risk and the fed's latest financial stability report, bearing trip global strategist. we get insights into gender inequality and demographics that is facing china. eva chung is with us. ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, take the savings challenge at xfinitymobile.com/mysavings. or

richard clarida's of the world can continue their kiwi experiment. -- their qe experiment. guy: i guess if the fed in canada was a dog it would be a newfoundland. alix: a german shepherd? michael: a lot to work on. alix: you should see what guy and i did on radio. we are comparing bitcoin to dating? it was a fun one. michael: i adopt dogecoin because it has a dog on it. guy: if the fed were a dog i guess it would be the biggest dog. we will continue the coverage ahead of those co's giving testimony. they're are about to do so in d.c.. the hearings have started. when we get to the co's we will bring you that live right here on bloomberg. this is bloomberg. ♪ ♪ guy: i'm guy johnson. i like steel over in new york -- alix steel over in new york. senator patrick toomey is speaking right now. senior banks analyst on the line with us as well. arrange of topics -- a range of topics will be discussed today. >> the bingo card has china on it, compensation, diversity, mean stocks -- there is a wide range of issues. those are the things people may expected to hear about. there are matt

the fruit and i cut it all u and take all the fruit and i put it in a cup ♪ ♪ there's bananas some kiwis it wasn't me ♪ [ cheers and applause >> jimmy: no music to that >> steve: it's just a cappella >> jimmy: it's just a cappella >> steve: yeah, a cappella shaggy, man. >> jimmy: oh, my gosh. >> steve: like in the mystery van. >> jimmy: yeah >> steve: how does shaggy do it >> jimmy: i don't know, how would shaggy do it >> steve: i don't know it wasn't me [ light laughter ] >> jimmy: i know oh, this one is interesting. i can't believe this is at the bottom of the charts this is one of my favorites. at 98, it's "i will always love you" by whitney houston. apparently this is an earlier, slightly longer version of the song >> steve: oh >> jimmy: let's listen to clip ♪ i wish you love and i ♪ [ cheers and applause >> jimmy: wow! i've never heard that version. >> steve: wow. now i understand why so many i's. >> jimmy: base >> steve: yeah >> jimmy: next at 99, there is "buddy holly" by wheezer >> steve: wait, wheezer? not weezer >> jimmy: no, it's wheezer with an "h. >> steve: wheezer. >> jimmy

the asx under pressure, after the aussie dollar keeps trading at the range, with kiwi stocks fallinge on "daybreak: asia." this is bloomberg. ♪ >> a quick check of the business flash headlines. investors are underestimating the ability of the industry to grow, barracks gold making that statement in this time of rising environmental status. >> our industry has always been floated by the rising gold price, since the turn-of-the-century, so it is an important time. the real tension is between fund managers wanting to get more from investments in the industry generally, and the importance of reinvesting in a consumptive industry, and begin balancing that pie. >> southeast asia's third biggest bank by assessments beat with lower impairments in a jump in fee income, reporting profits rising 18% from the last report last year. it is the second of singapore's major banks report this quarter. profit doubled for the bank as there is a strengthening recovery in the economy, cash earnings through march, and the bank doubling its dividend from a year ago. don't miss our exclusive interview coming

midweek in asia, this after the selloff in the u.s., kiwi stocks under pressure.nting to losses of more than 1% for sydney stocks. we are watching miners, given the focus on commodities. nikkei futures pointing to downside moves. this is the region broadly speaking looking to the rising case count in india, which could be a headwind for the recovery, given that countries may be too complacent when it comes to the pandemic at large. shery: right. so take a look at these commodities. we continue to get that inflation narrative, as these commodities keep gaining ground. we have seen that incredible rally. something real interesting happening, argentina trying to control runaway inflation, bee f inflation approaching 50%, so they're attempting to ban the exports of beef, and a lot has to do with china consuming so much of the world supply. argentina supplies 22% of china's beef imports. that appetite continues to grow. haidi: yes, as cattle herds dwindle in australia. lots of concerns that the ability and concerns over food security as prices continue to skyrocket. co

and that talk from new zealand more hawkish than we have heard from other central banks, sending the kiwiill looking at years under 0.6%. anna: the markets not joining the dots between the taper talk, the hawkish commentary from the new zealand central bank and treasuries and the dollar just yet. those links not yet forged. thanks very much to dani burger. the oil giant exxon faces a showdown at its annual meeting today as an activist investors as the company is not moving fast enough on i'm a change -- on climate change. the boardroom battle comes amid what a guest calls a defining moment. eleanor taylor jolidon, union bancaire privÉe cohead of swiss and global equity, stays with us -- still with us. you say that climate risks can significant impact on a company's cash flow. obviously, that is why we have seen a big push to have further climate disclosure from businesses. how are you thinking about this sector at this point? i am thinking about oil majors. do you exclude sectors or do you buy into stocks and try and encourage management to change, as we are seeing from one activist inves