friday, .5%, but heading lower in tokyo today on the nikkei. keeping that defensive stance on the yen, extending three days of weakness. the boj facing pressure to strategy. exit it could be a slow day and asia with malaysia and philippines also closed on holiday. >> quite a few markets and closed indeed. let's get to first word news with tom mackenzie in beijing. tom: thanks. new opinion poll say half of u.k. voters think theresa may should resign after her election performance. she has vowed to stay on with the dup agreeing to work with her. michael gove is back in the cabinet less than the year after being fired by theresa may after the brexit vote. boris johnston led the campaign to take the u.k. out of europe. across the whole

the nikkei slump in nearly 1%.ang seng and shanghai have fractionally and close today. >> president trumpeted gop leaders meet at the white house today aiming for health care boat this summer and tax cuts by fall. is this timeline realistic? >> apple unveiling a news speaker for iphones called to not disturb while driving. >> the stanley cup finals now tied two games apiece after the predators beat the pittsburgh penguins last night. they won their 11th game in a row beating the kansas city royals. >> 5:31 a.m. in new york. tuesday, june 6. welcome to "fbn:am," your first look at morning markets and breaking news. is lauren: nsa contractor arrested after allegedly leaking a classified report that information to the russian hacking matters in the presidential election. tracee carrasco with our story now. >> 25-year-old in a u.s. district report to face one charge of removing classified material from a government facility and mailing it to news out that. arrested shortly after the website published a story how russia

japan's nikkei rose 0.1%. that's all from me for now.abeth will leave her dock at rosyth in scotland, where she's been built, to begin six weeks of sea trials. 0ur defence correspondent, jonathan beale, reports. the biggest warship ever built in britain is about to go to sea for the very first time. it has been one of the largest and most complex engineering products in the uk, it has taken years and cost more than £3 billion. but hms queen elizabeth is now ready to set sail. this is a significant move for the royal navy. it had been without an aircraft carrierfor it had been without an aircraft carrier for almost it had been without an aircraft carrierfor almost a decade. it had been without an aircraft carrier for almost a decadelj it had been without an aircraft carrier for almost a decade. i think there are very few capabilities by any country that are symbolic and titanic as a strike capability. these are very visible symbols of national power and projection. but first, they will have to carefully manoeuvre this massive ship out of

look at the nikkei 225 up over 1% rising for a third day.es are trading at the highest since august 2015. this is the dollar-yen session high. like the new york session, shares are waiting on what is going on in tokyo as well as see all. health care is taking a drag on the cost when it comes to the equity benchmark. we do have samsung electronics extending the rally in the korea chip makers. we have the asx 200 snapping into the red here. let's take a look at what is going on across the day as 51 index, it is down .01%. producers are following 1% here. property stocks are also falling in sydney. data is due out later this morning. in terms of points, look at this board, the big four banks are losing the most in sydney. moody's downgraded the lenders with sick -- concerns of rising risk and downgrades in the house grade -- house market. betty: thank you so much. property prices there isto skyrocket, a morning of the repeat of the post asian financial crisis. exclusive interview with themberg, it is said that system is far stronger now and it

nikkei futures slightly firmer, indicating we could see a 10 or 20 point gain at the open on the nikkei-yen not doing well the .47 theur sessions, 111 last sessions. this is "daybreak asia," i am yvonne man. betty: i am betty lou at the conrad hotel, kicking off the wharton global forum. who better to kick off our set of interviews then with the dean of the wharton school, geoffrey garrett. he has been at the school for three years? apropos you have this forum in hong kong. we are a week away from the big anniversary, the 20th anniversary in hong kong. what you think are the big takeaways you want to get out of this forum today and the next few days? cite three could topics. the first is, the incredible success of the 20 years since the handover of china -- to china, and the next 20 years, well things stay the same or change? second, i do not think we in the the appreciate enough dynamism of the innovation economy. we are across the street from shenzhen. we think about tencent, and amazing things happening on wechat. betty: are you on wechat? geoffrey: of course. someone was giving me a

cac and nikkei are down. there was a decent move yesterday.on the gmm this rmb is bouncing back. it is one of the notable takeaways. in terms of markets, you're not seeing very much. a very small movement equities. -- a very small move on equities. you see a similar thing on other charts. the bund yields. you see this range we have been in. we have yet to break above .5, and yet this move feels big of the last -- over the last few days. forecastsee be year in is for .6. that is the accurate forecasts. we could break above it. -- that is the aggregate forecast. we could break above it. this is the most fun chart i have seen a morning. this is the trump tweeted trade. trade.t it sounds frivolous, but i don't think it is. the market is continuing to price in the lower and lower probability of getting anything done on the hill. this is a distraction. this distracts anybody in washington from getting on. frivolous, but there is a reason behind it. you can see the reaction yesterday and the s&p futures. i think there is a reason for that, and i thin

the nikkei -- you can now 111 yen for your dollar. a hawkish bent as you had three dissenting votes on the governing council. you can see that the pound is a little bit stronger. your .1%. in the last few days, there has known -- 0.1%. in the last few days, there has been little change. lasthas been there for the few days. or four days ago, we were down below 1% and now we are back above 1%. only three basis points. the bank ofg -- england surprising many people with that 5-3 call. let us get the bloomberg business first word news. juliaette: the creditors from greece has agreed to release euros to athens. and the commitment has been reinforced to extend relief if needed but stops short of providing definitive steps. capping a key chapter of the country's bailout. the u k, anger is growing over the deadly blaze that devastated a tower block in west london. the tragedy has highlighted divisions in british society. the official death toll from the fire currently stands at 17 with the police morning that fatalities may reach triple figur

take a look at the nikkei 225, falling .25%, but still above the 20,000 mark, which the nikkei was able on friday. take a look at all see share snapping a four-day rise. we do have the south korean kospi swinging between gains and losses. the currency space, the aussie andar down .2%, very much focuses week given we do have the policy decision and first quarter gdp data due out this week. saying the currency will remain firm given that weaker u.s. dollar. we are seeing a drop in the aussie despite what we are seeing in iron ore. let's switch to the commodities panel, iron ore up 2.4% in singapore. we also have bonds climbing, matching that move in treasuries. happenedtory is what in london. checking in on the ftse 100 futures. it is a crucial week for the u.k. as they go through june 8. a weaker start when trading kicks off in london. now with the pound, it did drop .3%, but now paring that loss, so all in all, it looks like he has been reasonably muted. it looks like it will be more influenced by the upcoming thursday poll. the larger andg conservative majority, the more positive that

the nikkei up by six-tenths, hang seng up

mood, leadingbeat the charge on both the nikkei.es of cautioning some here given that the nikkei is at the 20,000 level. sayingave the hung headed for the best weekend since july 20 15. chinese stocks not joining the party. 600 and nifty in india closing in on record every take a look at some equity movers in asia, starting off with shangri-la, highest since may 2014, this after goldman sachs and deutsche bank upgraded the stock to buy optimism's about sales growth in hotel markets. kobe steel is one of the biggest a mixed bag for energy stocks. china's biggest maker of poly cynic on use. take a look at this. we did have the yuan reversing. we also saw moved in the offshore interbank rates in hong kong. we are seeing the overnight drop the most since january, down to 8.68%. manus? manus: thank you very much. you, theify for average price that they are going to get the market is 50.113, the closing price is 50.47. the bidding will start on that. let's talk about one of our business stories in the business community. donald's decision

the nikkei up about a half percent on that news hang seng slightly firmer.hanghai is down about a third of a percent the nikkei there, 19, 943. >> in europe, the imf agreeing to another greek bailout worth 8.5 billion euros. grea greece's stock index hitting the highest numbers in two years on the news europe mostly to the upside. german dax up about 0.4% ftse 100 was weaker earlier, now up 0.25% across the board a firmer opening in europe. >> the weakness in commodities has been a big story let's show you the broader market picture it looks firmer now this morning. wti crude is up more than half a percent. still below $45 a barrel 44.74. strength in brent as well up a percent, 47.36 nat gas higher by a half percent. as for the u.s. dollar, firmed up this week on the back of the hawkish fed. let's show you the action there. it's a bit weaker against the euro it is stronger against the yen that interest rate differential came into sharp focus when the fed maintained its hawkish stance and the bank of japan kept the rates unchanged and said it is not in a rush

that strong yen weighed on the japanese nikkei, which closed lower by a half percent.lowing in the u.s.'s footsteps, the shanghai comp closing lower, a half percent. south korea down 0.4%. as for europe, the early action now is indicating some weakness. the dax down 0.6%. ftse 100 resilient again, down 0.2% italy is outperforming the broader markets as well. >>> as for other markets outside of equities and bonds, look at oil. there was a bounce attempt yesterday, wti up a bit in the regular session. we did get a bearish api inventory report after the close. down towards $44 a share for wti crude. down a third of a percent now. natural gas is up 1% still some supply headline pressure on crude as it sits at the bottom end of the range. the u.s. dollar has been on a weakening path that's against the euro. 113.6. it has been weakening against the yen. 112 against the yen. roughly flat against the pound sterling gold has been a bit stuck, i would argue. now at 12.52 up $5 an houns today pretty much range bound. >>> on the agenda, first on the earnings front monsanto, genera

. >> nikkei above 20,000.roader market picture, ten-year treasury note yield ahead of the jobs report, 2.21. it take ace lot to move treasuries higher. even that better adp report, 253,000 added, didn't get much of a move in treasuries. as for the u.s. dollar, it did have a boost yesterday on the back of that better news. again like treasuries, it's taking a lot. dollar firmer against the yen, 1.1155. it is weaker against the euro at 1.122. the pound 1.2853. gold prices on the back of a mixed picture on the u.s. dollar. gold down about half a percent. >> on the dollar, for the week as a hole down 0.2%. still negative but pausing from its recent slide. for the month of may, down 2%. this week, down 0.2%. >> the big question for the markets is what's fueling this leg up from already record levels? can it sustain itself enough to have confidence to bring buyers back? jim cramer on "mad money," he's been giving us shout-outs on squa squawk on the street, he calls us swilf, but he says the ledge lative le i legisla

tdktronics component maker today adding 4% and over 11 points to the nikkei 225.at doubled up 30 day average for the stock. it was raised to a buy at city. shares trading at the highest level since august 2008, oasis management saying the stock has an upside potential of 49%, pointing out good corporate governance at the company. toshiba climbing for a third day as it tussles with western digital. take a look at what is happening in seoul. we have the kospi deepening the days losses, down about .33%, set for a third day of declines. energy stocks, the biggest drag, down 1.2%. cosmetics movers, we have a cosmetics maker contributing to the drop in terms of points. that perhaps could be related to some of the news out of south korea, reportedly looking to suspend the claimants of the u.s. thaad missile system. stocks with exposure to china such as amorepacific getting hit , given some of the lash out we have seen from china regarding the missile system. betty: thank you so much, sophie kamaruddin on all the factors playing into the asian markets. what about the euro

2250.4%, closer -- nikkei 225 up .4%.head of the china open, i want to show this chart, #31. we will hear from msci on whether on sure chinese stocks will be added to global indices after denied three times. investors are piling into a u.s. exchange traded fund invested into a-shares, about $138 million total assets. that is from less than $20 million in february. rishaad: right, in congress, the latest and first word news with paul allen. thanks. attorney general jeff sessions has denied speaking to russian any interference with the twin 16 election campaign, calling suggestions of collusion and "appalling and lie."able he said while it appears russia did metal in the election come what he nothing but has read in the papers. >> i have no recollection of meeting are talking to the ambassador or any other russian officials. if any conversation occurred in passing during that reception, i do not remember it. anbanghinese insurer said the chairman can no longer perform his duties to personal reasons. he was detained on frida

. $9 billion is the estimated cost according to japan's nikkei newspaper.he firm key safety systems has now bought all of takata's assets except those relating to the faulty airbags for almost $1.6 billion. we have been following the story from our asia business hub in singapore. there was a press conference today. what did takata have to say? the ceo has come under criticism for how he has handled this scandal. indeed. he is the grandson of the company's founders. as you mentioned, the first accident causing an injury happened in 2004, and the company has been accused of covering that up and not doing anything about it. it took them in fa ct a anything about it. it took them in fact a decade before the new york times reported on it, and then the company finally admitted full responsibility. he has been criticised repeatedly for mishandling the crisis. he promised that he would step down once the new management takes over. i think the big question among drivers who might be concerned that their cars and airbags might be affected is whether they can continue

we're expecting a 90 point gain in tokyo on the nikkei 225.e are inching closer, 50 points away from 20,000 on the nikkei. china could be a potential source spot. see the manufacturing and pmi in china contracting for the first time in some time. on allwe will get more of that. let's get the first word news with courtney collins. >> local media in the philippines reporting police have killed a suspected gunman after reports of shooting inside the resorts world casino in manila. all guests have been accounted for. around 25 were injured, but none from gunshot. it comes after president rodrigo duterte issued martial law in the southern island of mindanao. but they say robbery was the most likely motive. the u.s. has new sanctions on individuals and countries with a links to north korea. the treasury department is adding two agencies in pyongyang. washington is also urging china to rein in its ally and says they are behind the scenes -- there are behind the scenes moves underway. comeyfbi director james will testify to congress next thursday, jun

giving a boost to the stocks on the nikkei. we are seeing 171 stocks on the nikkei gaining ground.hat are gaining ground are the new japanese banks. remember the popularity of the banks in the u.s. -- facebook, amazon, and so on. pinpointed fast retailing and holdings at softbank. they are gaining ground in today's session. a department store in japan losing more than 2%. income still net rose. that is something you have to keep an eye on. and south korea, we did see consumer confidence get to the highest level in six years. take a look at this blue line on this chart you can only find on our website. it is now soaring. the korean consumer discretionary index tracking those gains. we could see further upside for those stocks. right now there is a lot of optimism over the south korean market. there's a new president coming to power. his vision for job creation is inspiring many. but the fact remains that his new fiscal stimulus package of around $10 billion has not moved at all in parliament for almost three weeks. that could be a risk factor there. we are going deeper into the kosp

the nikkei down half of a percent. the shanghai composite down .6% or so. lauren: the company's chief business may be residing in the board reportedly considering a leave of absence for a ceo travis on next. cheryl: the first time in 20 years a repeat champion for the stanley cup. a big victory last night. lauren: they were partying in the streets. title 1:00 a.m. welcome to "fbn:am," your first look at morning markets and breaking news. cheryl: a lot of breaking news this morning. attorney general jeff sessions has offered to testify before the senate intelligence company tomorrow days after fbi or comey's explosive testimony. not sure whether it will be public or close. jack reid on "fox news sunday" talked about what he wants to hear from the attorney general. >> you dirty recused himself and suddenly he is the one apparently recommended to the president that comey be fired in the president has suggested, all about the russian investigation. the attorney general participated in any way shape or form. cheryl: lindsey graham weighed in on this upcoming hea

elsewhere, gains when it comes -- kospi.the cost be the nikkei is marginally lower.ghai, the shanghai, extending a drop for a third day. there are signs u.s. investors are turning more bearish on china. perhaps that is weighing on mainland markets. the hang seng gaining 4/10 of a percent, extending its gain for a second day after a two-day drop. we are seeing mainland buying of hong kong shares cooling, given that strengthening of the yuan of late. we did have the hang seng's leading by the most in two months on monday. taking a look at what's going on when it comes to sectors in the region, haidi, earlier in the show you were talking about value trading emerging in asia. here, asolidifying energy and finance lead gainers in the region, whereas the slide nit shares has certainly subsided. just marginal losses for the i.t. sector. let's check movers in hong kong. great wall motor after a jumped over a 21% on monday.that is the biggest rally since 2008. interest great wall, the highest in five years. other hong kong listed chinese carmakers, china says it will limit in

have a look at the equity column. ,ou have the nikkei, australia trading at these levels for the most the morning session. singapore open, down, a sizable move when you look at the shade of the red. bottom of the heap, have a look, this gives you a sense of the risk aversion today when you're best-performing market is still down .1%. dollar back down, strong fixing from the pboc today. 6.77 is your exchange rate now. aussie dollar above $.77, a late-term push from data out of china today. right, so, hong kong, down about 1%. that may get that up. there we go. we have erased all of the canes for this month. also a decline across equity futures in the region and the spike in yield we are seeing from new zealand all the way up to japan. right, so, here we are. volatility, a big pop overnight in the vix. a little adjustment up, but the nikkei 225, a lot of this has to fairly heavy weighting when it comes to the tech place. -- plays. getting there. ishaad: right, this president xi jinping doing the troop inspection of the china pla barracks and the hong kong regimen. regiment. it is his fi

the nikkei has been losing ground. the boj could be be calibrated in their medication to it knowledge exiting stimulus. that hit the bond markets. whenll see what happens the boj does come out today and the trading continues in japan. that is an early look on what we can expect in the region, but the big news in wall street has been the tech selloff just continuing. betty: it did indeed. it did cause the u.s. stocks to fall for the fourth ti in five days. those benchmarks creeping back from the record levels. su keenan has more with the tech selloff today. su: the slide continues, although what we are seeing is stocks off their lows by the end of the session. look at the red on the screen. it is almost unchanged. it does not give us an idea that it is a heavy selloff, but it has been persistent. let us go into the big movers. this is a big grocery chain. there is a price were going on with its major competitors and a lot of its rivals. jabil circuits reversing. was caught in the downdraft of the regular session. clearl

the nikkei has begun fractionally. thanks a number 31% in shanghai composite down half of 1%. the ftse open up a tiny bit higher. the market in one and down about 21 points. that's just a quarter of a percent. the is down a fraction. 150 points to the upside. one and a quarter% on that one. transfer the record in the u.s. could be in trouble with the news coming out this week. thursday we have jim comey testified in the u.k. election on thursday an ecb monetary policy meeting. balzac and the in the dow futures down seven, nasdaq downside. transfer the rest jobs report like that on friday. 47.81 following gold as well about three bucks in change. looking at apple. this could be a stock to watch. apple may be the new voice and deck top smart speakers. apple needs to compete with amazon to add going to go home may announce to the device at the conference happening in san jose california today. an apple device, if you've got your iphone, you know who's serious. apple's loyal fans could help it gain a sizable share of the smart speaker marca. oversupply concerns about the iso date

as you can see, the nikkei is already open for trading and up.lower due to a fall in oil prices overnight. nevertheless not much of an imam. gains in the us stocks with investors are looking ahead to the testimony of james comey, investors are looking ahead to the testimony ofjames comey, the uk election and the central bank announcement. thank you for your time. — now. the top stories this hour. former fbi directorjames comey has said donald trump asked him to drop an investigation into a top white house official‘s links with russia. an anxious wait on the ground, after a burmese military plane with more than 100 people onboard crashes. friends and admirers of ronnie corbett gathered at westminster abbey to remember the entertainer who died last year at the age of 85. he was best known for his partnership with ronnie barker in the two ronnies. 0ur arts correspondent david sillito was at the service. we are here to celebrate the life of ronnie corbett. name, ronald goliath corbett. laughter. westminster abbey is a place for solemn state occasions

nikkei, hang seng, shanghai trading to the downside.d 40, cac down 35. docs in germany than 45. cheryl: here we go again with u.s. features playing to the slightly negative open this morning when the bell rings at 9:30 a.m. eastern time. >> i've been following this oil story because oilers captain of the market is in team games this week. the largest plunge the first half of this year for crude since 1997. another of right now. 42.74. cheryl: were talking about the $30 range pretty close right now. on the story of oil again at the 2017 low hit on the contract. oil down within 2% yesterday. let's bring in on johnson, founder and author we should say. let's get your perspective on that. are we going to get to the $30 range for oil? about effect on energy stocks in particular. >> this is a wonderful thing. we can crack the code on oil supply thanks to all the shell for missions around the world. he needs opec is no longer relevant. for a while we were saying when the price of oil goes down somehow than negative thing for the economy sugges

stopped as the nikkei is down a fraction. all trading higher 1% for each of those. >> in europe and london, ftse 100 up by 15 points. theresa may talking with the northern ireland party to try to form a majority in parliament. the cac f. 23 points. the exit 68. lauren: different story today from what we have friday and yesterday. are they going to set the losing streak. delhi every 30 points. s&p and the nasdaq closely today up 13 and change peer to feel real good. tried to oil up 18 cents. gold giving up five bucks to 12.63 amounts. dream to let stay with technology stocks. let's bring in paul teacher can a ceo investment officer at fairfax global markets. we see the nasdaq higher this morning. analysts keep same technology stocks are overvalued. do you agree with that? >> sound technology stocks are overvalued. you have to understand that five stocks, apple, amazon, facebook, microsoft and google have made a basically 40% of their performance to date of the s&p 500 and 55% of the nasdaq. these stocks have very, very high pe

softbank leading gains on the japanese markets, pushing the nikkei 225 up over 1%.ter yen is lending support with dollar-yen at 111.71. look at the asx 200 in sydney, down 1/10 of a percent, lowered by ex -- energy stocks along with property prices. westpac is leading the drop among all the banks following the moody's downgrade of the core lenders in australia. kospi splitting between gains and losses. we are seeing dollar strength on 'se back of fed chief hawkish comments. we have the aussie down about a 10th of a percent, drifting lower before we get the latest rba meeting minutes for june. in the commodities space, we are seeing aluminum rise almost 1%. reports that a region in china is checking on illegal smelters, and iron or prices are up. investors may libya's output against forecasts for a drop in u.s. inventories. we check out movers elsewhere in the region. noble group shares in singapore, after soaring almost 46%, the biggest jump since 1999, shares are now dying over -- down over -- perhaps profiting prompting a tale. it has been a wild ride for noble sh

falling, japan also nikkei 225 falling over half a percent.ot of bright spots to be seen in asia. we have the shanghai markets and shenzhen as well, hong kong coming online. we have stocks in shanghai falling for a second day along with hong kong equities falling around 8/10 of a percent. this morning we got the pboc said the daily you want to fix a 6.7934.hanged at industry and focus in chinese stocks is the auto space, given regulators on the mainland are looking to adjust the elected vehicle policy. let's pull it up on the board, one stock here. it has been trading in hong kong pending inside information announcement. around 3.6% at monday's closing. it focuses on selling mid and high end ranted cars -- branded cars. turninge in the region, to our attention in singapore. noble group is plunging to a 2000 low. shares falling for a six day in seven, retreating below 30 singapore cents. noble could face a harder time negotiating with creditors and made that concerns. now a check on what's going on in sydney. looking at all the lenders. inking

the nikkei is up. the weaker yen propelling exporters.m sharanjit markets are lower, as you can see. i am shara njit leyl. markets are lower, as you can see. i am sharanjit leyl. thank you for watching. this is bbc news. we will bring you up—to—date with the stories this hour. the death toll in the london tower block fire rises to 17, but is expected to increase further. a day after a shooting that targeted members of us congress, democrats and republicans take to the field for a charity baseball match. more than 200 firefighters tackled the fire in west london entering the building when it was still burning as they tried to help those who were trapped. and their work isn't over. they're now involved in the recovery operation. our correspondent, sarah campbell, reports on the firefighters and the impact this fire has had on them. hero, this guy, look at that, hero! it is impossible to imagine how anyone would willingly run into this, but that is exactly what more than 200 firefighters did. the main thing with this building on the night wa

you can see the nikkei went down by 70 points at the open.to higher at 57.15. the british pound is ata higher at 57.15. the british pound is at a seven—week low after the shock of the election. it is driving us equities lower. and everyone is watching out for whether the federal reserve will raise the cost of borrowing for the second time this year. as for the us markets, let us ta ke year. as for the us markets, let us take a look at it. the dowjones is on your screen. thank you for investing your time with us. i am rico hizon. sport today is up next. you are watching bbc news. i am babita sharma. the headlines. the prime minister insists she will drive brexit despite her party having lost the majority in parliament. exit polls suggest france's president emmanuel macron is set for a landslide majority in his election, with some predictions saying he will get three quarters of the seats. police have released new images of the manchester arena bomber, saying they now fully understand the movements of salman abedi almost hour by hour in the wee

the nikkei did lose 1% after big selloff which normally see a lot o. the change high composite bucking the trend and kospi in korea also lower as well. i wanted to get that to you. i want to bring in david nelson, chief strategists at bell point, certainly there's 2006 a lot oh talk about the markets. a lot of republicans including ted cruz of texas said, wait a minute, that's not what we promised our constituents and this is bad for the economics of the country, correct? >> look, it's an onerous tax, understand, this is washington and washington compromises so i'm not surprised that senators, million that is would save over decade and earmark that for the low end and this is an investment income tax and a lot of that resides in the top 1% of the nation. so going into an election year, i think a lot of senators think, this is what they have to do. you're right, senator ted cruz and others are going to look at this and point to it as another example of obamacare-like and they are going push hard. lauren: long holiday weekend for traders, the holiday bei

the nikkei and australia having just opened. that is it for asia business report.s. the top stories this hour. a boat packed with holidaymakers sinks in a reservoir in colombia. at least nine people have died — dozens are reported missing. pakistan's prime minister nawaz sharif has cut short a visit to london, after the oil tanker disaster in punjab which left at least 150 dead. it's more than ten days since the devastating fire at grenfell tower in west london. many of the residents affected by the disaster, have come together to mark eid al fitr, at the end of ramadan. but what should be a time for celebration, has left many reflecting on their loss, as frankie mccamley reports. spilling out onto the of this mosque to pray at on a day of celebration for muslims across the country but here in west london, it is tainted with sadness. for us at the centre and the wider community, sorry, sorry about this... some people would be able to see their relatives for a long time. and even for those trying to help, it's been tough. and we also know the tower block had hundred

the nikkei holding on to a loss of a half percent.ata out overnight from japan, core machinery orders falling 3.1% in april from the previous month. a bigger drop than expected. red across the screen with the hang seng being the big loser there, down 1.2% >>> in europe politics still the big talker there central bankers will be in the spotlight. we have a federal reserve meeting on wednesday, a bank of england meeting on thursday. inflation has been a big talker there. lastly to round things off, central bank meetings in russia and japan on friday. the ftse 100 down 0.3% the real center of focus was the pound and the volatility in the uk currency. >> the pound fall on friday allowed the ftse 100 to have a positive return. markets didn't see a big fallout. the other interesting thing in europe over the weekend, the french parliamentary results and also in italy, elections in the five star movement failing to make the second round in seven out of eight local regions perhaps you would have expected european markets to do better. all in a

the nikkei half a percent to the upside. korea up as well. >> the ftse in london up 42 points. ta x in germany at 47. cheryl: again following u.s. markets. right now the dow despite what we see in london higher in the market by 66. s&p, nasdaq as well pointing to the upside. lauren: by the way, friday we saw heavy volume. when you see the dow at an all-time high, conviction behind that. a look into it then sends a 44.83. oil's been down for weeks now. >> another big market day. following this story because its technology. youtube ramping up efforts to restrict the amount of extremist content. the parent company google is working to remove all videos that violate community guidelines such as those that promote terrorism, videos that don't make rounds for removal will come with a warning and they will not be able to be recommended come endorser commented on by users not to support a few changes reports one of the suspects became radicalized after he watched per oasis videos on youtube. >> they are hoping they are less common i

in fact, this week, the nikkei has touched heights it has not seen since 2015. this bear market, it has come up a little and perhaps stabilise. let's move on. we can see how america closed last night. not a great session on the rack and markets. the dow and the snp are down. keep an eye on that healthcare bill next week. any turmoil can affect the markets. —— the american markets. there's a warning the government's deal for a new nuclear power plant at hinkley point is "risky and expensive". the national audit office has questioned whether the project will be good value for money. energy customers will eventually pay subsidies to help foot the bill for the hinkley point c reactor. rob young has more. it will be written‘s new nuclear plant for a generation. hinkley point c has been plagued by delays. —— written‘s. but building workers are ready started. when it is up and running, it should produce 7% of written‘s power, replacing older planes which have gone off—line. hinkley has been given a guaranteed price for its electricity, which could cost bill payers as m

the nikkei is a little bit low. rebounding today.ng well because of the energy—related stocks and resource related shares doing better with the rising oil prices. we will be telling you about that. that is it for this edition of asia business report. thank you for watching. goodbye for now. hello, you are watching bbc news. these are the main story this hour. —— main stories. a new offensive is under way to take raqqa, the capital of the caliphate of the so—called islamic state in syria. thousands attend the funeral for american student otto warmbier, who was held for 15 months in a north korean prison before being returned to the us in a coma. makram ali, the only person who died in the finsbury park attack earlier this week, had suffered "multiple injuries" according to a post—mortem examination. he was formally named by police and his family said they were devastated by their loss. his daughter said he was a quiet man with no enemies. our home affairs correspondent, daniel sandford, reports. it now seems clear that makram ali was

the nikkei 225 up, the all ordinaries down.ng volatile with defensive sectors emerging as the best performers. thank you so much for investing your time with us. iam rico much for investing your time with us. i am rico hizon. much for investing your time with us. iam rico hizon. sport much for investing your time with us. i am rico hizon. sport today is coming up next. the top stories this hour: president trump and the indian prime minister, narendra modi, have been holding their first meeting at the white house. mr trump has said the us relationship with india has never been stronger. the us supreme court has ruled that parts of donald trump's controversial travel ban can go ahead. the state department says it will keep travellers airlines informed of any changes. an inquest has opened in hastings into the deaths of five friends who drowned on a trip to camber sands, in east sussex, last august. the men, aged between 18 and 27, all lived in the london area and were of sri lankan origin. the circumstances surrounding the deaths

in asia we have the nikkei up 4/10 of a percent after a two-day drop. rate improved slightly to 3.6%. aussie stocks joining the regional uptick. take a look at the aussie dollar. little changed here. data" jobthat numbers. that may test all the support. the pound is holding on to some gains here. inflation in the u.k. rose to a four-year high in may. i want to point out with the canadian dollar, tracking higher. the yen is looking steady ahead of u.s. inflation data which is key to market sentiment. betty. >> betty: thank you. let's get to the first word news. >> the attorney general has denied speaking to russian type ofs about any interference with the 2016 election campaign calling suggestions of collusion a detestable lie. he told the senate intelligence committee while russia did metal in the election he knows nothing but what he has read in the papers. >> i did not have any recollection of meeting or talking to the russian ambassador or any other russian officials. if any brief interaction occurred with the russian ambassador during that reception

and on the market put screens, asian markets are in negative territory, the nikkei is down 216 points much for investing your time with us, have a productive friday! i'm rico hizon, goodbye for now. hallow, you're watching bbc news. women from northern ireland will no longer have to pay for abortions provided by the nhs in england. the concession was made by ministers to avoid a conservative rebellion in votes on the queen's speech. some campaign groups in northern ireland have welcomed the decision. among them are many women who've travelled to other parts of the uk in the past, where they've had to pay for terminations. 0ur ireland correspondent chris page has more on today's reaction. we said pro—choice, they say no choice! abortion may be an intensely personal issue, but in northern ireland, it's also highly controversial. strong campaign groups push for the law to be changed, and others passionately defend the status quo. every week, women go across the irish sea to have their pregnancies terminated. four years ago, the bbc filmed sarah as she went to england to have an abortion.

let's have a look at the markets and you can see the nikkei is flat, following on from wall street.hanks for watching. you're watching bbc news. our main story this: at least twelve people are now known to have died in a huge fire which engulfed a residential tower block in west london. the number of dead is expected to rise as fire crews carry out a complex recovery operation. tim farron has resigned as leader of the liberal democrats. he'd been in charge sincejuly 2015. earlier the party's home affairs spokesman lord paddick stepped down, saying he was unhappy about views expressed by mr farron during the election campaign. our political correspondent vicky young reports. applause. thanks all of you. he's been leader of the liberal democrats for just two years. today, surrounded by colleagues, tim farron announced he was stepping down because of the focus there'd been on his christian faith. i have found myself torn between living as a faithful christian and serving as a political leader. reporter: could you tell us whether it's ok to be gay, mr farron? he said he felt guilty that

nikkei futures carrying the rally today.shares and financials in the u.s. -- this is "daybreak asia," i am betty liu in hong kong. -- in new york. yvonne: i am yvonne man in hong kong. scott minerd, it is good to see you. i know you have a different take on what the ecb did the last 48 hours. a lot of people are asking if this will be the pivot for the markets. do you see this as an inflection point? last 48moves in the hours sustainable in your eyes? scott: i do not think this is the inflection point. one thing i have been talking about is, the vulnerability of markets to a surprise announcement of some kind. given where volatility is, where the market, when it gets to this characteristic, is typically vulnerable to some piece of bad news that comes out of the blue. i am not ruling out the possibility that as we go through the summer, and the federal reserve i think in september or october will start reducing their balance sheet, should another central bank in the world all of a sudden come out and say, it is time to start

the japan nikkei up by a half percent.up by 1% the early action in europe, it was mixed 20 minutes, a half hour ago we are seeing a bit of strength coming out of the ftse 100 delivdeli driven mostly by the banks in the uk we'll watch european markets to see if they get a boost from the financials >> what's helping the stock market is a rally back in oil prices after inventories yesterday, we're seeing strength in oil, but not like a half hour ago. we're up 0.4%. wti falls back below 45 brent crude up a third of a percent. 47. 47.47. the dollar index has been super weak soaring to 114 we're at the highest levels in over a year for the euro the dollar is firmer against the yen. and the pound continues to flex its muscles against the dollar 1.29 9 go gold prices under pressure down 0.2%. >>> back to the morning's top story. the fed clearing capital plans for 34 of america's biggest financial institutions the move prompting many of them to immediately announce new dividend increases and buyback announcements. citi doubling its

you did see gains across the rest of asia, including the nikkei which jumped 1%.he chinese currency, a seven-month high after the peoples bank of china set the mid point. it's been on a bit of a surge the last few sessions. at least the off shore chinese yuan which is a statement of strength and the fact that china may want to push away speculators. either way that's seen as good it jibes with a stronger manufacturing number outyesterday. >> the private survey of manufacturing was softer this morning. that's always closely watched. that comes always a day after the public survey, and paints a different picture. that's something worth noting. on currency, i think the issue is pretty clear. over the past three, four months we had seen reserves tick up. we had seen the central bank not have to intervene, which was a positive compared to a year ago. what's happened clearly over the last week, if you look at the interbank rates in hong kong and china, which is there is a lot of government intervention. yes, the currency has risen, but it's because of state intervention

the nikkei closing flat.saw gains in south korea and shanghai the ftse 100 towards the flat line giving back some earlier gains. a nearly 1% move higher for italy. >>> oil prices which have been important, offset to the tech slide, they were down 3.5% last week but rebounded on friday they rebounded again yesterday oil up a half percent. it is up another 0.4% today. 46.27. energy market -- energy sector within the s&p has done well off the back of that friday and monday ten-year treasury note for you, all eyes on this, if we get a rate hike today -- tomorrow, very much expected 25 basis points. the question for the market is what is forecast moving forward. more tightening and in what format balance sheet reduction or more hikes. dollar board for you treading water a bit of a mixed picture ahead of the fed meeting today a bit of dollar strength against the yen. flat against the euro. the pound rebounding, back above 1.27 up a bit before this morning before inflation data. inflation data coming in and raising

we recently saw the nikkei two to five beyond the 20,000 level for the first time in roughly 20 years that market priced for perfection? >> oh, i wouldn't say so at all at this point. it's started from such a low level, particularly if you think about the returns the companies are making currently. i'd say that we're on a reasonable valuation to a cheap valuation based upon an earnings level that itself has plenty of room to grow. so i wouldn't say that market is priced for perfection at all. >> we have seen though that the yen has strengthened against the u.s. dollar. this doesn't usually benefit the exporters so what sort of stocks do you want to be long in that market if you say it's got further room to run? is it actually the domestically focused companies or do you still want to still side with some of the exporters? >> well, so i've been investing in japan for a long time. you know, i'd say before i answer that i need to give the disclaimer that, japan, you're right, is a market that depends on being impacted by the yen. as an investor you can sometimes get a little too fancy an

that's all from the nikkei, back to you >> makiko, thank you very much for that. >>> investors await a decision on whether china's mainland stocks will be included in the msci benchmark emerging markets index. this is the fourth year the company has decided on whether including the shares chery kang is more hopeful as she files this report. >> reporter: it seems to be getting harder for msci to say no to shine that's "a" shares. a couple factors why the odds are higher this year the significant reduction in the number of stocks under review that can potentially increase the chance of an inclusion this time around. only 169 "a" share stocks are being considered this will just have 0.5% weighting to the index two, the recently launched stock connect between shenzhen and hong kong could be helpful observers point out the lack of adjustments on repatriation rules for foreign investorsand daily quota for stock connects among many others as potential stumbling blocks they add it may not mean much about chinese equity markets openness even if the country gets the nod back to you. >> that's

. >>> the global market rally moves on with the nikkei closing above the 20,000 mark for the first time since 2015. >>> and european auto stocks driving higher on hopes that trump's withdrawal from the paris accord will ease the regulatory burden on carmakers. >>> good morning. it's friday. glad you're with us once again. let's continue with our top story. germany, france and italy hit back at donald trump saying the paris climate agreement is not up for renegotiation. their joint message follows the news that president trump will withdraw the united states from the 2015 climate accord. speaking in the white house rose garden trump says the u.s. will begin negotiations to reenter the agreement with you warned he would only accept a deal fair to americans. >> the business world hit out at the move. goldman sachs's ceo lloyd blankfein used his first ever tweet to slam the decision. elon musk also confirmed he would depart the presidential council saying leaving the paris accord is not good for america or the world. >>> in st. petersburg, geoff spoke to the ceo of schneider electric and as

the nikkei was by 0.11 points.ing we have been looking at higher prices for european markets right now the dax is down by a half percentage point.