the nikkei marked gains for the fifth year in a row. ramin mellegard has the details from our nhk studio. >> a ceremony was held to mark the end of this year's trading. and the start ofof a four-daday year's break. let's look at how the major indexes closed out the year for friday, december 30th. the nikkei 19,114 down 0.16%. the broader topic at 1,518, just up .01%. the nikkei ended higher than last year. marked the fifth straight year of gains. on to individual stocks, takata surged for two days in a row, on the hopes it may soon settle a criminal court case in the u.s. toshiba finally bounced back after seven days of declines, despite concerns of huge losses from its u.s. nuclear business. as t tokyo traders head off for their holiday, we asked an analyst at bank of america merrill lynch for his assessment of the year and his outlook for the year to come. >> at the beginning of this year, there was the risk of market environments driven by lower oil price, lower chinese currency. that led to stronger yen and risk of trading. then jap

the nikkei started more softly than that today. ended not too negative. down a little bit.hose are the returns for the year as a whole. interesting to see the different performance between the hong kong index and the nikkei in the fourth quarter. coming down to the effect of the stronger dollar. the nikkei surging, hong kong falling. >>> a big question facing markets like china, hong kong, emerging markets, especially asia. as we march into next year and we wonder about the trade policies from donald trump and how many rate hikes the fed does. both things could potentially be harmful for emerging markets. >> so far it's been -- the rate hikes and the dollar affected them. trade is the big question for next year. >>> broader markets here. let's show you oil. prices up more than 45% so far this year. heading for our first annual increase in the price of oirl. wti crude sitting bang on $54 a barrel. up 0.4%. brent, 56. it has climbed back as well. nat gas which has popped in the last few days over colder weather expectations is up another third of a percent. as for the u.s. do

the nikkei down by .2%. you are seeing support in the japanese equity market, export stocks, particularly carmakers, so some of the best performers. china dairy falling saying it will sustain a loss due to its infant milk formula. santos of big to kleiner in australia, down almost 10%, not a story about oil surprises -- oil prices. it said it completed the institutional part of that at an 8% discount. this surprised market because wasos, or the market thinking santos was getting its debt under control without having to raise more capital. the 10 year ons, the japanese note, a little bit of movement, down by two basis points, but certainly not a great day for equities today. much.: thank you so over to china, where general motors joint venture is under investigation. because ofis is possible antitrust file nation's. tom mackenzie has the details. what more do we know now? yes, in the cross hairs them's joint venture with shanghai auto corporation, and sources tell bloomberg news that they are investigating pr

nikkeie dow and japan's stock average is racing towards 20,000. it is uncharted territory for one, and the other, it is want to pass glory. both indices have been routing since donald trump november victory. joining us is jeremy siegel, professor at the wharton school of business of pennsylvania. he has been calling for the dow to reach $20,000 for some time. germany, thanks for joining us. the question is if the dow's overvalued as opposed to $20,000? germany: there is no question that stocks are not cheap. the s&p, which is a broader about 20 selling for times operating earnings. although i do not think that is out of line given the interest rates, interest rates are rising, but i think it will get to 20 and close over 20 before year-end. but i think the passer $21,000 is going to be a little tougher. show me the earnings, and show me some of the good things you are promising before we would really have another strong rally. the one upon the dow 10% in just a matter of six weeks. i don't think we are going to repeat that shortly. are youwhat mea

not for -- not so for the nikkei. it has been there before, back in 1987. history lesson from the bloomberg this morning. the 10 year yield up to 2.85%. increase in aest month. sophie joins us. china's leaders gather in beijing to map out economic plans and policies for next year, up to zip -- optimism is increasing. economists have raised first quarter growth estimates from 6.5%. by stimulus and a potential increase in global demand. -- according to people with knowledge of the matter who say the company is discussing a price of about $275 per share. bothsentatives from businesses did not respond for a request for comment outside of normal business hours. opec has applauded donald trump for its new secretary -- for his secretary of state choice. an outstanding oil technocrat. >> he is highly respected around the world and he is deeply knowledgeable. as i have told other colleagues, there is a then line between oil, diplomacy, and oil politics. i congratulate president-elect donald trump for making such an excellent choice. sophie: the coo of carlsberg has

. >> the nikkei average ended lower for the second day. we have more from the tokyo stock exchange. >> trading volume was low. let's look at the closing levels for thursday. the nikkei lost less than 1.5 of a percent. to pix alsoo fell. but over the week the nikkei ganted 0.1%. it's been gaining for seven weeks now. the dollar traited in a top rarange. trade volume is expected to taper off as investors go on year-end vacation. that's something to keep in mind as it may lead to some volatility. >> many other markets in the asia pacific region ended lower. hong kong's index was done, indonesia was dount by 1.3%. concerns over the italian banking system weighed on sentiment. shared in the philippines dropped to close at 6587. the central bank kept its key rate as widely expected. s&p asx 200 up over half a percent. financials continued their pull run. >>> u.s. president-elect donald trump is creating a new train to vamp a knew trade environment. the mood is seen as him following up on his promise during his campaign. the white house national

japan is still weaker, the nikkei down by 1.3%. one of the big reasons we see that weakness coming through in japan. why barack obama has been on phone with the president elect. that story next and where the u.s. economy goes in 2017. this is bloomberg. ♪ >> president obama and donald trump spoke on the phone after the president-elect complained about roadblocks in the power transition process. opinions abound. policymakers released their three minutes with concerns over express yield targeting. and the inflation target. uncertainty is the new normal. a survey of -- sees optimism at the strongest in 18 months. caution remains the keyword. shares surged and the group said no decision has been made. this is its lumps again. again.t slumps welcome to daybreak europe. our flagship morning show. alongside and edwards in london. is given the handover we got from the session, a very mixed picture. if you take a look at what happened in european equity markets we're still missing a lot of the traditional volumes in terms -- you can see cal

nikkei down.01%. the broader topix, 1,536. before the markets opened, we saw new data out for australia production in japan, up 1.5% in november. with government officials crediting increased exports, as well as domestic demand. now, onto individual shares, toshiba fell to the dailily los limit, the result comes a day after the exexecutives acknowledged the firm may post billions of dollarars in losses from its nuclear business in the u.s. down 20.43%. now on the flip side, shares of industrial power tool maker hitachi kokiki, surged on repor of u.s. investment fund kkr in talks to buy the unit. we have two more trading days here in tokyo. we'll keep you updated on the latest moves as they happen. ramin mellegard, reporting from the tokyo stock exchange. >>> japanese labor authorities advevertising giant dentsu to prosecutors. theyey suspectct the company violated labor lawaws when employees were forced to work exceedingly long hours. officials of the tokyo labor bureau began a probe last month after

nikkei in japan four days in a row. one and a quarter percent to the upside and shanghai composite up one percent today. nicole: oil up 2% yesterday. thirty-one-cent. lauren: mortgage are climbing fast because of treasury yield 2.3%. nicole: transportation officials are reported weighing infliect phone calls. lauren: the its purring penguins take the florida panthers. nicole: the nation is mourning the loss of a true american hero john glenn ties at age 95. welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. nicole: trump was in iowa last night on the third stop of his thank you tour. he also brought stage the man topped to be embassador from china. trump criticizing china again saying the country is responsible for almost half of america's trade deficit. >> china is not a market economy, they have a lot of help, that's why we designate them of being a nonmarket economy, big thing. they haven't played by the rules and i know it's time that they are going to start. >> tod

hang seng up 1%, the nikkei down just about two tenths of one percent. dagen: take a look at stocks in europe that are trading right now all to the downside. you have losses across the board with the biggest loser there for the movement the ftse almost down a third of a percent. lauren: okay, here in the u.s. we have up arrows on the final day, dow futures up 34, s&p futures up about 5 and nasdaq taking up 10. dagen: we trade all day. oil and gold is up 23 cents a barrel, it's been a major one this year, up almost 50% on the year gold moving to the upside, 3.43 an ounce. lauren: it's suing amazon and wal-mart for trademark infringement. mcdaniels has called the brand valuable and suing for $50 million for infringement over clothing that bare the name. jet.com and various companies that sell products on amazon. mcdaniels claims consumers are being led to believe that run-dmc is endorsing these products and trading on the goo will of its name is a violation of federal trademark and unfair competition laws. dagen: twitter may soon allow you to edit your twe

small shot need nikkei products to get the people in the door.s in singapore. the politics which they highlight here, you actually have little shops there and they depend upon these brands because people go there to buy the big brand names. they are not fakes, it is proper staff. and they want to go there. if you start cutting them off and it is onlyjust going to the big rant companies, that is not fair. that is not proper trading. and, quite rightly, they should be banging the drum he'd make sure they get their access. i assume that when you play monopoly you must always be the banker, surely? controlthe money, of course. do you normally win as well? i'm going to keep quiet. of course i win. what is your strategy? buy the expensive properties? get the middle ones. i like the orange ones. green, yellow and dark blue. if you get a hotel under blue and someone lands on it you are bussed immediately. but i love this idea of having a number to call up to work out what the rules are. who mans the phones on christmas day is? is that the rules for parki

the nikkei down fractionally japan snapping the winning streak in japan. hong kong hang seng down three quarters of 1% increase cost me two tenths of 1%. lauren: nicole come you just gave us the news. down about 8% in italy. in germany you can see the dax is the one green arrow on the board of seven points. deutsche bank down 3%. see weakness in the banks. both the london and down 100 points. nicole: in europe there was a mixed bag. tech and telecom or higher. we'll see if the tech and telecom group will lead us today to the 20,000. dow futures up 33 after six weeks of gains. s&p futures up three. nasdaq up five. lauren: let's check in on commodities. 2% jump for crude propaganda path they% of $52. called up about $3 to $11.40 a troy ounce. train to sing again move to the upside to the up arrow for the japanese yen against the greenback euro also stronger. on the other hand the u.k. pound canadian dollar are weaker against the u.s. dollar. the 10 year treasury has been climbing 2.58%. five days after the central bank hiked interest rates for the second tim

the nikkei is not as high as the dow jones, roughly around 81 and 82.are pushing 81 last i checked. signal to some. raises a rally giving the in dollar yen. jeffries was out with an interesting note -- if you want outlook, ifjob, it pans out, they are saying rule of thumb low pe with companies with very high fixed costs that percentage. the thinking, when the economy improves, you can generate more profit without the proportion increasing variable cost. a complex. those at high cost of the moment, you do well. interesting note coming from jeffries. it will get more interesting when we get 15 -- get fixing out of the pboc. that sprint is widening between the u.s. and japan, close to a six year high. , roughly math -- 2.56 2.5%. as rish and haidi pointing out, this is what we will look with this morning. and of course brazil and then the seat. there we go. up into the holidays. guys? haidi: thanks for that david. rishaad: we are looking at closer ties in moscow and ankara. that is our first word have -- word headline. >> russia and turkey cooperate in the

japan's nikkei index of .74%.hame as you can see .71 game. >> here's a look at how oil is faring. 51 or two a barrel. >> the other the tenor treasury holdings steady right now. a pretty steady week for the ten-year period and lost on the basis points. chairman of at&t hats to the hot seat to defend his $85 billion deal to buy time warner. he plans to explain how customers will benefit from this deal. >> apple says the problems of batteries in the iphone six as larger than the company first thought. the faulty batteries cause the phone to abruptly shut down. nicole: sports commends san antonio keep their winning streak on the road allies. we will have the highlights. cheryl: it is 531 and in new york and went taken the december 7th in 75th anniversary of the devastating attack on pearl harbor. they led the united states into world war ii. welcome to "fbn:am," your first look at morning markets and breaking news. cheryl: a lot of breaking news to bring you. we started this. president-elect donald trump taking a than

we are seeing the nikkei underwater, down .2% into that lunch break.tle year and positioning ahead of the long weekend in japanese equity markets on tuesday, the nikkei and the topix reaching highs, so not too surprising to see a pullback. .25%, a fresh , but you are seeing a dip out of hong kong equities. only one stock on the hang seng is higher, and that is one of the stocks under selling pressure lately, so bargain-hunting coming through there. in terms of specific stocks, bellamy's still in that trading halt, trying to downplay how significant this is. suppliers to bellamy says it is still seeing upside in terms of its relationship and moving forward. bellamy' japan display down after confirming that it did get a source.from olympus under pressure, its shares dropping the most since november 9, and trade volumes double on that stock. currency market, dollar strength in terms of the emerging market currencies. down .1%, a 117 handle still. haidi: thank you for that. ban ki-moon has led the united nations for almost 10 years. his next gig puts them

the nikkei 225, japan machinery orders gaining month on month. energy-heavy stock surging ahead. energy space up by 2.5% in early trade. let's look at some of the movers, a 5% jump in crude prices, as well as talks between opec and non-opec members, russia getting on board. saudi arabia saying they are willing to do more pledged, oil gaining 15% since that supply cut deal was announced, going from strength to strength. exporters and domestic producers up 5% in some cases. if you want to look at the losers, it is the gold space. etf's seeing massive outflows, 20 days of contraction. 5.6%.te down this is the milk manufacturer that jumped 130% in two months now falling after flagging weaker revenue from china. it has been suspended pending a market moving announcement. macquarrie also up, suggesting it is making a bid for 200 more planes. thank you very much. let's get to first word news. english has been formally named the new prime minister of new zealand. unopposed after two rivals withdrew from the race, and will have paul bennett as his deputy.

the nikkei 225 currently trading in negative territory, 18,405. oil and gas shares are trading higher but major exporters are lower. some selling the dollar against the yen to take profits, that's after the pair hit a nine-month high on thursday. it's gone down from the upper 114 yen to the 113-yen level. u.s. currency may lack direction as traders wait for the american jobs report on friday. meanwhile the euro is stronger against the dollar. let's turn to markets open this hour in the asia pacific. we're seeing losses elsewhere too. kospi down by .75%. in australia, stocks are down by .4%. in china markets will open in just under a half an hour. >>> india's economy is slowing down an the reason is a cash shortage following the-the chaos could sh rain growth this year by around 1 percentage point. the government announced in november it would draw 5,000 500 rupee notes t counterfeiting. 1,000 rupees are worth about $15. the government is asking people to exchange the notes with newly printed ones at banks, but the new issish wangs is falling sho.

this is the situation at the moment for the nikkei 225, off by 1/4 of 1%. a little flatness for the kospi. a mixed start to the trading day. most markets are shocked because of the christmas day and boxing becausedays -- are shut of the christmas day and boxing day holidays. the chinese economy shows no signs of faltering after three months of 6.7% growth. private service companies reported their momentum was the best since august, 2014. bloomberg intelligence says the expansion picked up to about 7% last month. toshiba may take a loss on its business in the u.s., but there are conflicting estimates of how much. this coming after the acquisition of a power services business by westinghouse last year. there is a dispute over the unit's values. the nikkei puts the expected loss at around $850 million. nha expects that to be $4.2 million. sony music has apologized to britney spears after its twitter account was hacked and falsely reported the popstar's death. it comes to have years after a major cyber attack rippled the company's film division. sony says the i

pushing theg in nikkei higher by .7% on the close. interesting to watch the bond market because it's been -- you were talking about those comments coming through from the boj. are seeing yields a little lower on the 10-year note in japan but similarly in australia, quite a bit of weakness coming through on the 10-year note. anna: thank you very much, juliet, in hong kong. a quick look at the markets there. the most influential 2016 event is taking place today in abu dhabi. we have a big name in the oil markets. : a lot of oil traders still catching their breath after that historic meeting on november 20. let's get some perspective on that with the minister of energy for the united arab emirates. thanks for joining us on the program. exciting times, i can see the positive energy. you were optimistic before the opec meeting. here tods to happen maintain the momentum? a what needs to happen is commitment from opec. we need as many countries as possible. this is not just an opec worry or concern. this is a concern by all of the producers

nikkei outperforming. let's show you what the dollar is doing now.aking a pause after a big move up in dollar/yen yesterday. still above 114. the europe is 1.0626. >> the broader dollar index had three days in a row of declines. it was down yesterday. yes, we have had the great strong runs in the course of november. as a whole up 3.2%. now three days in a row of general dollar profit taking. perhaps it shows a sign that december may not be more of the same. >> or we will have to see if we get clues from economic data. we're coming off a string of decent data. yesterday we got private sector jobs better than expected. income numbers better. chicago pmi. the beige book referenced across the regional economies. this on on top of the idea we're seeing a pro growth agenda for the first time in a long time. add it all up, and you could be looking at, as rick santelli says really, sustained period of growth in this economy. getting out of this 2% funk. we get a good gdp number and then it goes back. this could boost, as indicated by the two money men, the c

lauren: check out nikkei in japan. two-thirds of 14% at highest level all year and in china shanghai composite up two tenths of 1%. nicole: oil holding yesterday but still holding about $50 a barrel. lauren: have you seen the dollar, 14-year high against mayor currencies. let's go to europe, the stronger dollar is almost equal in value to the intur -- euro. nicole: 2.56%, hovering around the highest levels in two years. lauren: fbi now investigating yahoo's security hack and reports today that verizon may ditch their deal to buy yahoo as a result. nicole: facebook ceo unveiled effort to wipe out fake news but will it actually work, take a look at that. lauren: the force is with us as disney latest star wars movie rogue opens, we will have a sneak peek. nicole: the short-handed new york knicks actually fall to the golden state warriors, we will all the highlights. lauren: a lot going on. december 146th, welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. president-elect

it entered the bull market last month along with the nikkei.signals perhaps the topix has risen too far too fast. part of the gains in japanese stocks have been down to a weaker yen. the yen resuming its decline versus the dollar. if you look at the chart here we are seeing a pause in the dollar and treasuries off the 10 year yield. it had to 2.5% yesterday for the first time since september 2000 14. it did not rise above that resistance. we are at two point for the -- 2.47% right now. going into the fed meeting, will we see a correction and treasuries? anna: it is a question that has been well asked. u.k.-based banks. -- areuropean financial trying to lure them away. joining us now from paris for an exclusive interview is the chairman of the paris euro plast. thank you for coming to speak with us today on daybreak. put forward your pitch. what is it you think you can attracted to paris? what do you want to attract to paris? good morning. i consider that there is momentum today in europe and in france in particular. attractiveness of the paris

tokyo's nikkei stock index closed at a new high for the year. tracking gains our business reporter has the details from the tokyo stock exchange. >> the nikkei hit the year's peak on friday. inflation numbers and tokyo's benchmark briefly reached 19,000 for the first time in 11 months. added 1.2% closing just shy of 19,000 that brought a topix gain 1.8%. that's the fifth consecutive week of gagains. the strongest streak in more than a year. the energy sector gained ground following an overnight rise in oil prices. inpex, showa shell and jx holdings. opec will try to extend a deal limiting nonoopec oil producers. now on the flip side, shares of tokyo electric power company fell almost 3% after government officials nearly doubled their projections for cleanup and compensation costs following the fukushima nuclear disaster. next week all eyes are on the open monetary committee. giang nguyen reporting from the tokyo stock exchange. >>> inflation for november was this way up 2.3% from a year ago and producer prices jump 3.3%. the biggest rise in more

. >>> the benchmark nikkei closed lower as many investors notified lock in profits. here's more from the tokyo stock exchange. >>> the nikkei rose in the morning session reaching new highs for the year. gains on wall street combined with the weaker yen to help boost investor sentiment. later in the afternoon profit taking kicked in and sent a range of shares lower. let's take a look at the closing levels for wednesday, december 21. nicky closed at 19,444, the broader topics shed half a percent. manufacturers led the loss. 0 olympus fell almost 4% and any kcon -- nikon fell 0.11%. turning to currency markets the dollar pared back against the yen following the drop in stocks. it hit the 118 yen level after the boj governor said the recent decline of the japanese currency isn't a problem. overall volume was relatively low here in tokyo with few economic tradie ing cues as we d towards the year end holidays. >>> moving on to other markets in the asia-pacific region. shanghai gained by 1.11%. 3137 is the closing number there. share prices in thailand inched down to close

the nikkei 225 fell 0.5% 18,426. topix lost 0.3%. after rising more than 8% during the past three weeks since donald trump's election. some of the major exporters were lower as the yen strengthened a touch. semi conductor companies like tokyo electron and alps electric were both down. the financial sector charged ahead. banks like mitsubishi, sumitomo and nomura holdings. investors will watch italy's referendum on constitutional reform on sunday. both stock and currencies could move on the outcome. i'm giang nguyen reporting from the toque joe stock exchange. >>> dominated by profit taking. sydney down 1%. hong kong slipping by 1.4% finishing at 22,564. shares of casino operators were heavily sold on media reports authority plan to regulate the amount of cash visitors bring into the territory. indonesia up almost 1%. 5,245 the closing number there. energy shares remain bullish after the opec deal boosted prices. >>> japanese cosmetic firm 24,000 customers may have been hacked byy a shopping website rn by its subsidiary. shiseido name

looking at the closing level the nikkei ended slightly up at 19,253. the highest closing level in 12 months. but the broader topix 0.1%. let's see how individual stocks faired when investors played it safe and companies usually benefit was no different on wednesday with utilities such as osaka gas and tokyo electric power company making strong gains.s. mitsubishi motors lost 1.1% after they approved a new management lineup for the struggling automaker. asahi group holdings fell 1.4% after beer brands from anheuser-busch the price tag about $7.8 billion was m much higher than expected. the focus is now on asian markets and how they will react on thursday to the fed's decision i'm giang nguyen. >>> the sense of caution prevailed on other markets across the asia pacific region. hong kong ended flat and the shanghai comp zt slid nearly 1.5% to finish at 3,140. weaker commodity prices. sydney outperformed the rest of the region and s&p gaining by 0.7%. 5,584 for the closing number there. gains in financials and utility shares boosted the index to a four-mon

the nikkei losing about .2%.es up, of what the thinking was by analysts who expected a $14 billion buyback plan. boeing says it expects to produce fewer aircrafts. they have slowed alpa 25 planes a month. to company -- slowed output five planes a month. the yield on boeing at 3.5%. >> china life will pay $2.9 billion for 44% of the pipeline stick. the stake. -- stake. the chief executive is scrapping merger talks with cbs after 30 years with the company. sumner redstone and his have scrapped a proposed deal with cbs. on thes check back in markets. we are joined by the director of a wealth management company. we saw a reversal in the fortune of asian markets yesterday following the rally by oil. what do you make of the fed decision? make of the markets moving ahead of the fed decision? >> there is clearly quite a bit of momentum. i think the markets in the short-term are ahead of themselves. we certainly expect to see markets down quite a bit. datau know, we have china coming up later today. to reinforce ae fairly

nikkei finished at a one-year high. here's more from the tokyo stock exchange. >> market sentiment was already rising high rising to new records last week. the news of the oil output there was well-received. the nikkei added 2.8% closing at 19,155. the index extended gains to a fifth day to end add a one-year high. the topix was up 0.4%. the dollar rose above 11115 ye its highest level since february. rate hike by the u.s. federal reserve later this week. turning to individual stocks jumped at the open. up 3.8% for oil refiner idemitsu kosan lost nearly 1%. demand driven stocks in later trading including the retail and food sectors. seven & i holdings, aeon and kkoman performed well. i'm phoebe amorosa reporting from the tokyo stock exchange. >>> the shanghai comp zt closed to juan-month low. investors were wary after authorities moved to crack down on speculative trading. hong kong fell by 1.44%. 22,433 the closing number there. the lowest in three weeks. some investors stayed on the sidelines and seoul, singapore and

the nikkei surged more than 1%. 18,513. broader topix 1,483. that followed a strong gain for november. looking at currencies the dollar rallied against the yen. the pair touched a more than nine-month high in the 114 yen level as investors unloaded the safe haven japanese currency. the energy sector advanced by leaps and bounds. japan petroleum was more than 12% and inpex gained more than 10%. jx holdings added more than 7%. means the cost of fuel is rising and airline companies trade at lower. but japan airlines and ana holdings lost about 2.5%. now that the opec meeting has passed, the focus will be on t e u.s. november employment report due out on friday. many analysts are expecting stronger job growth than in october. i'm giang nguyen. >>> moving on to china, the latest purchasing index beat marketing expectations. came in at 51.7, its highest since july 2014. a reading about 50 indicates expansion. the strong data lifted sentiment among chinese investors. 3,273 the closing number. range of shares were higher with the energy sector leading

dagen: looking to asia, stocks in rally mode in japan the nikkei gaining almost 1%. mix markets at the cost me ever so slowly. lauren: deal for the ten-year treasury had been above 2.5%. the quote for the ten-year treasury yields. the decision on interest rates this wednesday. dagen: in the meantime, snow and frigid cold hits the northern parts of the united states prompting the cancellation of 1000 sites in chicago. and up to it in the winter weather forecasts. lauren: donald trump for a tech conference. we'll tell you is coming and you is coming and who's not. trade to the dallas cowboys winning streak in the green bay packers blowing away seattle seahawks. lauren: good to see you. 5:01 a.m. in new york. christmas is two weeks away. welcome to "fbn:am," and your first look at morning markets and breaking news. president-elect donald trump would have reached a decision for his choice as secretary of state. fox news has learned that rex tyler sang will be the country's top diplomatic job or trump speak in an exclusive interview on fox news sunday praised taylor since

that gave some support to the nikkei earlier. sterling off just slightly against the dollar and the dollar just making begins against the canadian dollar of 0.2%. >>> politics had a christmas. >> amazingly we avoided it. i had my american family with british in-laws. you don't want to go there. >> very interesting. in political news be aspect donald trump claimed credit for text market rally stateside in a boxing day tweet. he wrote the world was glaeming before i won. there was no hope. now the market is up nearly 10% and christmas spending is over a trillion dollars. total post-election gains with dow jones industrials average is 8.7% and 5.8% respectively. donald trump also took to twitter to defend his charitable giving. the aspect wrote he had given millions of dollars to the trump foundation as well as raising millions more for charitable causes. his comments come after an investigation by the new york attorney general into alleged inpropry ti acts at the foundation. >>> meanwhile a war of words is raging between president

the nikkei down 1%. in china at the index 1.2%. cheryl: european stock markets opened slightly lower. look at these numbers right now because they are at the they are up as well. they are at the cell. the ftse in london of 64. the president would appoint some would appoint some announcer in this government to go to receive the administration at least a few months ago. budget next year to study the shift until 2010 the next election is to appear trade to chris, right now people are surprised and expected more selling. we did see italian banks down 4%, 5%. overall markets have reacted quite indifferently and even to the upside. that came somewhat as a surprise. they picture there is still so much uncertainty about the italian banks in the euro in particular which is only 21 month low. reporter: there really is a concern about what happens at the recapitalization plan. really the major issues they haven't yet found. the ecb does step in. there's not that much they can do. we get more color when they made for their december policy meet

tokyo's benchmark nikkei snapped two days of losses. the nikkei 225 added almost half a percent this tuesday, december 6th, closing at 18,360. the broader topix gained 0.7%. financial shares were sold off on monday. they were being bought backck o tuesday. nomura holdings advanced nearly 3%. mizuho financial group advanced around 2%. tokyo electric power traded higher on a report it is looking for partners in the industry to cut costs on nuclear power generation and electricity transmission. looking at currencies, the euro has bounced back against the dollar after plunged to the 105 level in the immediate aftermath of italy's referendum. investors are now looking ahead to thursday when the european central bank convened and could possibly extend its quantitative easing program beyond march. we'll see if the gains in the euro will hold. >>> the bullish mood spread to much of the asia pacific region. seoul's cospi climbed 1.3%. hong kong advanced 0.75%, led by banking shares. australia rising half of 1%. high commodity prices supported th

the shanghai market in very late trade, the nikkei closing off today, lows down by .10%.ou did see a little bit of buying coming three-on-two that rally but remember the nikkei will be closed for the next few days. it has a long weekend ahead of the holiday break and the nikkei and topics trading at 26 day highs earlier this week. australia's market had a good session, hitting a fresh 26 day high. bottoms low across all these markets and new zealand have a strong and is, up by .7%. those markets will close early tomorrow ahead of the christmas break. quite a bit of weakness coming through in the equity markets in hong kong, down .7% but there's been more of a pickup in some of the development stocks that have been under significant pressure. 18,000 newowing that flats were sold in hong kong in 2016, so some upside therefore development stocks. most of southeast asia being sold off on the weakness in currency, philippines up by 1.7%. a mixed day in equities and also in bonds. thanks a lot for that update. let's stay in asia with the story coming out of japan. a record budg

the nikkei in japan down a quarter of 1%.ost the loss of ground in korea and hong kong hang seng up one third of 1%. lauren: in germany the dax is that not even a not even appointed as the not even a point as authorities the reduced vote for the suspect in the attack on the christmas market monday. in paris, the cac is down the third of 1%. "financial times" reported six banks are suing the bank over capital requirements. and monday, down about five points come a 10th of 1%. it could run out of cash. now they say in just four. that is creating some jitters in europe today. is today the dow 20,000? the dow futures this morning are a beloved. there's certainly some optimism on this market. looking to the downside and the nasdaq down a half of one point. we got the shortest session because 10,000 to 11,024 days. we're only 19 session since we had 19,000. maybe another record overall. lauren: a lot of energy behind the move upward. toilets up getting 2.5%. that again today getting half of 1%. 53.57 a barrel. gold at $2.1135 an ou

nikkei., >> we have seen at fort stocks boost the nikkei up 1.2% on the close.opic reached that milestone. it has been a positive session somes asia apart from weaknesses coming through in these emerging markets and in hong kong. juliette: we have been talking about this story on about the fact -- all morning that china is likely to clamp down. you have seen weakness coming through from the players hang on the hang seng index. jenna had a good index. the shamshanghai up. overall, a pretty good week for asian equities. in fact, they are on track for their best weekly gains and september. -- gain since september. won,so much as the korean also afflicted by this president impeachment vote. two-weekming off high. down -- the won down. coming off a two week low. high . joe: factory gate inflation rose. helping sustain the prices around the world. consumer prices picked up on raising food costs. bloomberg china correspondent tom mackenzie has the details. these producer prices adding to evidence of a dear shift in china's manufacturing sector following strong exports

the nikkei has closed pretty flat. remember the nikkei is still trading at that 2016 high and it's been a fluctuating day in terms of shanghai equities. in late trade were seeing some upside on the shanghai composite. there's been a fair bit of , with then australia renewed takeover bid from macquarie group. falling in the sydney session. just quickly having a look at some of the currencies, you mentioned the dollar, fairly steady ahead of the fed decision. we're seeing a bit of upside from emergent market currencies, leaving those gains of about .3% against the greenback. anna: let's talk more about the fed. investors are -- are expecting janet yellen to deliver the central bank's rate hike of the year today. appears a foregone conclusion with markets perhaps more keen to hear the fomc 2017 forecast in a press conference at follows the statement. outlook for fiscal policy remains a big issue. spokene lacqua exclusively with the hsbc chairman and got his view on the impact of stimulus in the united states. there are so

phoeoebe amoroso has more from e tokyo stock exchange. >> the nikkei 225 added half a percent. the index reached a one-year high, but the gains were capped by profit taking on the recent rally. the broader topix climbed nearly 0.6%. let's now look at some individual stocks. companies relying on domestic demands such as pharmaceuticals, telecocoms, and utilities were e strongest performers. these include sumitom sumitomo dainippon pharma, tepco, and ntt. there was a selloff in the financial sector. traders sold shares of banks and brokerages to book profits after recent rallies. sumitomo mitsui, mitsubishi ufj ended lower. the federal reserve kicks off its two-day policy meeting. we may see a relatively calm day on wednesday. i'm phoebe amoroso. >>> investors across the asia pacific region traded cautiously ahead of the meeting. seoul closed the day down 0.3%. in china, the shanghai composite ended flat at 3155. investors remained wary of a crackdown on speculative stock trading by insurance firms. over in sydney, the s&p asx 200 index was down for the first time in six days, fa

the nikkei 225 closed slightly. 19,391. the broader topix sled 1%. looking at individual stocks, financial shares traded lower as investors took profits from the recent rally. nomura holdings and shinsei bank closed lower. apple supplier alps electric and pioneer were also down. a pause in the tokyo rally. investors are watching the baj for a decision on tuesday and analysts largely expect the bank to maintain its current monitoring easing. i'm phoebe amoroso. >>> most benchmarks ended lower. the index slid to 0.85% extending its losses since the u.s. rate hike. shares in the philippines slipped nearly 2% to the lowest in more than nine months. over in china, the shanghai compozt by almost 0.2%. property shares fell after the country's leader said they'll curb the real estate bubble next year. sydney outperformed the rest of the region to finish at 5,562. and some investors were cheered as major ratings agency kept australia's s sovereign bond triple a rating following thupidate thu the update on the budget. >>> new figures show government efforts to

that's a look at the picture right now as the nikkei continues to climb higher. that's a look at the markets here on this tuesday. back to you. >> thank you very much. >>> the golden globe nominations have been made now. best performance by an actor in a motion picture, musical or comedy, colin farrell was nominated. just weird in a wonderful way. why people get-together and things they have in common. anyway get it on netflix or itunes. >>> the incoming prime minister, gentiloni revealed his cabinet. economy minister was reconfirmed as he grapples with italy's looming banking crisis. the decision to retain much of the lineup of the government drew criticism from opposition parties. gentiloni facing his first defection losing the liberal popular alliance. >>> european commission is willing to work with the italian government to address problems in the banking sector after italian treasury source said they are considering several openings. without directly referencing italy's third largest bank the commission is ready to discuss different solutions within our lega

look at the nikkei, it hit a high for 2016, above 18,765 handle with the nikkei 225 up 1.5%. but q3 gdp was revised lower to 1.83%, when there had been expectation of a rise of 2.2%. that's because capex and inventories dried up. the yen strengthened during the asian session, yet the nikkei kept riding higher. let's look at the nifty. its erasing losses from yesterday after the rbi surprise about keeping rates on hold. today financials are gaining, as we're seeing the nifty up by 1.7%. this is after the rbi said yesterday that it would end its requirement for banks to park their excess liquidity from the demonetization drive from the central banks. so they're pulling that requirement off the table. now financials are leading the way. we got some better than expected trade data out of china. but that didn't impact the shanghai composite which ended down 0.2% it did have a positive effect on the asx 200, with iron ore, big miners, coal miners as well, asx up 1.2%. iron ore imports up 13.8% for the month of november. some of the highest volumes we've seen so far. back to you. >>

take a look at the nikkei right now. it is trading just ever so slightly in the positive. basically flat at 19,395. energy-related and financials are dragging down the index. major exporters are also lower on the stronger yen. later on tuesday, the bank of japan will wrap up its policy meeting. many analysts are expecting no change in its monetary easing. the focus will be what the statement says about recent moves in currencies and bond yields. take a look at couraurrenciecur. the dollar briefly fell below 117 yen but has recovered a bit of ground at 117.3. traders are buying safe haven assets like the yen on geopolitical concerns after the killing of russia's ambassador in turkey and the deadly incident in berlin. let's turn to markets open now across the asia-pacific. we are seeing gains elsewhere. seoul's kospi is up by .25%. and in sydney the benchmark index is trading higher by .6%. china markets will open in just under half an hour. >>> cars, trains, boats, and planes. these are the transportation modes that we are most familiar with. now a company in the u.s. is wo

it's why the nikkei has erased 2016 losses and is up for nine days in a row.he british pound also has remained strong in the face of the dollar strength. >> the broader dollar strength yesterday was a big talking point. the broader index up 1.4%. the euro hitting a low against the dollar not seen since 2003. the takeaway from that is that people are believing the dot plots this time. last year we were promised four hikes, we got one. this time around promising three. people bought into that. the 25 basis point hike was expected. yet the dollar response has been super strong. that's because people are believing we will see this increase in hikes next year. >> the difference is that the dollar strengthened on the back of the trump election, the republican congress. the dollar rose about 5% since the election alone. you have that one-two punch of stronger fiscal policy, better growth outlook because of some of the pro-growth policies, lower taxes, more infrastructure, rolling back regulations, meaning the fed might be able to hike next year because the growth out

investors here in tokyo are are riding the higher oil prices and nikkei average surged straight from the open. the index is now trading up by 1.7%, a jump at the nikkei trading at the highest level since january 4th. investors are buying a wide range of shares. oil developers and distributors in particular are soaring. major exporters are higher on a weaker yen. let's take a look at currencies now. the dollar has topped 114 yen for the first time in more than eight months. analysts say investors regained their risk appetite on the opec agreement and are selling safer assets like the yen. the size of opec production limit was a positive surprise for traders. solid economic data out of the u.s. is driving the dollar higher. the adp private payroll report in november came in stronger than expected. all right. let's take a look at other markets open at this hour. we are seeing a mixed picture. seoul just a touch in the negative. australia higher by half a percent. china will open in just under half an hour. >>> the u.s. federal reserve says in a report the economy has continued to expand

tokyo's nikkei average finished at its highest level in a year. here's more from the tokyo stock exchange. >> the boj's decision to stick with monetary easing came as no surprise to many, but investors were encouraged by the boj's economic assessment. so let's take a look at the closing levels for this tuesday, december 20th. the nikkei 225 was up more than half a percent to finish at 19,494. the broader topix gained 0.2%. looking at individual stocks, domestic demand related shares led the gains this tuesday. asahi group holdings, west japan railway, and s heroic ionogi all showed strong gains. softbank announced it will invest $1 billion in a u.s. venture that plans to launch satellites to provide global internet access. so with the boj saying the japanese economy is on a moderate road to recovery, investors are keen to see how things will progress from here. i'm phoebe amoroso reporting from the tokyo stock exchange. >>> on the currency markets, the boj's announcement boosted the dollar. the greenback moved back up to the 118 yen level followin

that has helped push the nikkei higher at the close.quick look at the japanese yen in late trading, still weakening further against the greenback. down by around 1/6 of 1%. a lot of weakness we have been seeing in equity markets is year and positioning as well. manus: thank you very much. now, head of us multi-asset solutions. 119 billion swiss franc. great to have you on the program. stressful news flow we are covering this morning, of course. investors in the european story, when we witness attacks like the one that seems to have taken place in berlin last night and others, this strengthens the hands of populist parties. something on investors radar at the moment. the rise of populism in europe. how has that risen? >> i don't think it is quite the problem everyone makes out. the lesson this year is political risks seem to behind and a lot of investors are cautious around that. but what drives the market is actually global growth and political risk is a very temporary setback in all of this. if you look at the events we have had this y

nikkei on the way down.t'sext guest says that time to take profit now that the trump rally is phasing out. the reflation has been driving the market thus far, so i the prospect of it. thisre suggesting that market is fizzling out. can say that the economic activities are improving. the u.s. economy is operating at full capacity. and inflation is increasing across the board. and inflation is going to be a big thing for 2017. does this also mean that the centrality, the importance of central banks in politics and economics in countries will receive as a result of this? we are moving from monetary to more fiscal orientated reform. >> i think him a the past six years, we have lived in a steady and slow and predictable growth. whenever growth falters, banks would come in and backstop any risks. monetary policy is losing its effectiveness. with trump, we can see the fiscal policy and the regular -- real tory changes will be taking center stage. that will be a big change for 2017. a little bit more uncertainty. pol