the nikkei 120%.s, 1.596. biggest fall is the all ordinaries, 1.5%. thank you for investing your time with us. i'm rico hizon. goodbye for now. this is bbc news. the top stories this hour: the us house intelligence committee has released its impeachment inquiry report, which accuses president trump of putting personal gain ahead of the american national interest. the white house says there is no evidence of any wrongdoing. mr trump says the french president's depiction of nato as "strategically brain dead" was nasty. mr macron says he stands by his comment. the 12—year—old boy killed in a hit—and—run incident, outside a school in essex, has been named as harley watson. he was struck near debden park high school on monday afternoon. a 51—year—old man has been arrested on suspicion of murder, as well as the attempted murder of five other people injured in the crash. our correspondent, tolu adeoye, reports from loughton. harley watson has been described by his family as a good, kind, helpful and lovely b

up starting well this week, the nikkei up almost 1% and the hang seng up 0.5%.alks i was talking to stephen about it when china and the us are having a big impact, investors seeming optimistic about it this monday. that's it four asia business report. thank you for watching. —— that's it for a br. thank you for watching. —— asia business report. this is bbc news. the top stories this hour: with the global climate change summit about to get underway, the un secretary general has told the bbc governments need to stop subsidising fossil fuel industries. a political row has broken out in britain over why the perpetrator of the london bridge attack had been released early from prison. we will stay with that. borisjohnson has faced questions over why usman khan had been released early from prison. deputy political editor john pienaar reports. another terror attack. more familiar now, but still a shock to the country, and this time the focus of political controversy. and rapid election pledges and pointscoring from borisjohnson today, a promise of new minimum jail term

. >> the stock 600 opens in the red despite a surge in chinese stocks while the nikkei ends lower onts last trading day of 2019 but still up 18% for the year. >>> fraudulent activity thailand plant taking the shine off shares with the eye ware maker expecting a negative impact to be recorded in its 2019 results. >>> tesla starts deliveries of its china-made model 3 just a year after they broke ground >>> teheran condemns what it calls terrorist attacks on iran-allied militia. >> we continue to demand the islamic republic iran act consistent in a wi i laid back in may 2018 for what it is we expect iran to do so it can rejoin the community of nations. ♪ >>> so let's take a look at the european markets now that they had a bit of time to warm up, although warming up is the opposite of what's going on here because they are cooling down. nikkei down 2% ftse mib in italy down and germany down by 4.5% it's been a very good year for all of these markets year to date let's take a look at how the overnight action was while we were all fast c markets. i'm looking in the correct perspective now.

the nikkei is up by 2.5%, holding at october highs.kong's market having its best day in about a month. china's market getting a boost on the back of the surge of the yuan. you can see the risk on move reflected in the bond market. have a look at the yield on australia's two-year note. anna: a lot of risk on this evening. bring us up-to-date. >> here are my top three takeaways. we learned from the exit polls a few hours ago, all of those former labour seats are turning blue tonight as they stand behind brexit rather than their own allegiances. germany corbyn will standdown -- jeremy corbyn will stand down. he says he will not go into the next election as labour leader. the leader of the liberal democrats losing her seat. it has not been a good night for the liberal democrats who stood on that stop brexit message which does not seem to have cut through with the voting public. rishaad: thank you very much. these are the scenes at the moment. we have boris johnson on his way from west london into central london. going back to number 10 dow

nikkei futures looking kind of flat. we are of course waiting on numbers, cpi numbers for november, expecting to see a slight uptick mainly inspired by the sales tax. we also have futures just coming online, looking flat as well. let's check in on the first word news and get over to jessica summers. central banks made headlines with policymakers in swedenying on hold but swimming against the tide and ending half a decade of negative rates. bank indonesia kept its key rate unchanged for a second straight month, saying the economy and exports will rebound in 2020. the boj also held as expected, with the governor echoing the more optimistic tone of his colleagues at the fed and ecb. government'se economic policy and stimulus package is appropriate, and the synergy effects of the fiscal package and the bank of japan yield curve control are quite significant. i see this as a positive policy mix. jessica: the new governor of the bank of england is expected to be named later friday, with eft saying the current head of the finan

nikkei futures under a little pressure.ese yen holding steady after three sessions of declines against the u.s. dollar. the topics and the you -- nikkei dollar bought level. unchanged.the moment wall street finishing at a record high on the trade optimism after president trump u.s.-china trade deal will be finalized in the next two weeks. reporter: japan has widened its lead over tran as the largest foreign owner of u.s. treasuries and holdings rebounded while china's stake has not changed. to 1.1 $7ncreased trillion in october from 1.1 $5 trillion a month earlier. japan overtook china as the largest non-us holder of treasury in june. the bank of england calling for new restrictions on money managers. this comes after crises at multiple asset management funds this year exposing liquidity concerns in the multi trillion dollar industry. governor carney offered insights after the stress test. >> the worst case scenario is effectively a no deal disorderly brexit. the probability of that scenario has gone down because of the ele

nikkei futures rising in chicago. slight gains after the holiday shortened week you let's check in on bond markets. ozzie yields slightly higher. -- aussie yields slightly higher. traders hold out for more convictions. ggp -- there may be some cautious ahead of tuesday's auction. yen traders are in a wait and see mode. currency near a six-month low. shery: let's talk about one company in japan. the new ceo of nissan beginning his first week. he faces a number of challenges. he will start with a news conference on monday. what can we expect to hear from him? we can expect his main goal will be to set out a plan and leadershipn about at the top of the country, which is under pressure from different directions. they have already set out a plan that includes job cuts. there will probably me some more details about that. the extent of those and perhaps some details about where they will be. we would not expect him to be making major announcements in terms of vehicle lineups. he has just been named. the main goal will be fo

a nikkei currently in its lunch break, finishing the morning down a fraction.lly, a situation with euphoria from this partial u.s.-china trade deal sent you -- sent global equities into a bit of a breather. singapore's index is one that is the outlier. strong gains by 0.4%. evidence of a hong kong economy that is into recession. last month the unemployment rate rose to the highest level in two years. david: beneath the numbers, the survey out of manpower suggested employers in retail services, finance, property, if you see a negative number, they don't plan to add staff and the first quarter of next year. they don't intend to increase hiring. a closer look at the job market in financial services, joining us is a lane, -- is elaine. good morning. the first thing i have to ask is, have the protests affected hiring trends and people wanting to work in hong kong? >> many worry about a hong kong situation but in short term i think this will have an impact on the market. hopefully this has been a major drop [indiscernible] industries have been affected. secondly beca

. ♪ shery: take a look at nikkei futures at the moment unchanged.are seeing the energy sector leading the gains on the market. we continue to see financials and communication stocks weighing on the index. this of course as we see the japanese yen trading within a very tight range ahead of the christmas holiday week. stockkeep an eye on one moving in japan. sony working around the clock to manufacture its in demand image sensors. but even 24 hour operation has not been enough. for the second straight year, the japanese company will struggle to keep up with demand in the holiday season. our technology reporter joins us now. how does this demand for these sony image sensors square with the doom and gloom we are seeing in the mobile phone market? know, it is pretty much there is no phone that does not have a camera that faces inwards as well as afterwards but it continues to rise. and to high-end -- mid- to high-end models will have a camera on the back. some manufacturers like huawei and samsung are pushing even into more lenses, more cameras. everyone

that is the nikkei 225 itself.de has not done anything to lift equity spirits in japan. the topic, just about flat as you can see, a small loss. if we look at the currency, we've got this dollar-yen up about 0.2%. a little more weakness. not enough move to get the bank of japan spirits lifted. you can see in terms of japan's 10 year jgb, still stuck with the bank of japan wanting to see it around zero. it will probably happen where the tenure had a big rally on friday. the kospi is down a 10th of a percent. you can see that the korean won is just a little but stronger here. australia's market is finally moving up almost a full percent. the news on the budget was maybe not surprising. we will be speaking to the finance minister in a minute. new zealand, you can see that the entry day loss is 2/10 of a percent. let's check in on the first word news and get over to su keenan. su: we start in hong kong. hong kong protesters clashed with police in a mall and subway day of monday, amid a small-scale demonstrations. stand

the hang seng in hong kong is closed today the nikkei is up one half of 1%. markets in australia are closed in observance of boxing day. let's look at some other top stories today. new this morning, china says it is in close touch with the united states on signing a phase one trade deal according to the country's commerce ministry, both sides are going through the necessary procedures but added that despite progress, trade tensions remain on other issues like a defense bill this as the treasury secretary says the phase one trade deal is, quote, an enormous step in the right direction. soybean imports to china from the u.s. continue to soar as trade tensions ease. urging to 2.5 million tons from 1.15 million tons a month earlier. >>> in hong kong overnight, police fired pepper spray and tear gas to disperse crowds at christmas decorated malls. crowds shouting abuse as the unpopular officers accused of using excessive force. firing tear gas in a popular protest area hundreds dressed in black and wearing face masks, shouting popular slogans such as liberate hong

quarter of expansion strong consumer demand and higher capital investment are driving that growth the nikkei index in tokyo gained not point 3 percent on the news. so from a and d. to be a business team here in bed and if you want more you can check out our website www dot com slash business by. 80 percent of americans. will experience hardship. you can sleep. carefully. if you want to do give. him a. discovered. subscribe to. documentaries. they drop down to their eyeballs and there embroidering do you want to know arco era says project creates fashion with people who are usually surrounded by prostitution crack and chaos going to brussels there was this project is about healing and to heal people have to work together. because. this is talk of tom the capital of colombia and more specifically the sense of family home to a rough unconventional fashion show. doesn't like getting up early she's agreed to make an exception for us because otherwise it's difficult to get her on her own. it syndrome which i hand there's always a lot of people here there's always someone ringing at the door i love

sources tell nikkei last week that sharp was also on the talks. telling the news outlet that parties hope to reach a deal by march next year. japan display up about 7%. sharp up about half a percent and apple about a quarter a percent up in the extended hours. shares of amazon and out with numbers from the holiday season describing it as record breaking and that tens of millions of amazon devices were sold some of the best selling products were echo dot, fire tv stick and the echo show devices. up about 5% in the last week alone. getting back to the milestone. the nasdaq closing about the 9,000 mark for the first time ever check out the long road the index has traveled over the last 20 years and especially since the financial crisis it took the nasdaq 335 trading days to go from 8,000 to 9,000. look at the semiconductors and chip moves up 82% universal display up 71% as well software performing great. the biggest gains in that sector coupa and trade desk up around 90%. software, semis, key joining me now, chairman at p palisade asset management. l

the nikkei off by a third of 1%. holding, outlining an etf lending program to be held today.t from "bloomberg markets: asia." daybreak: middle " is coming next. this is bloomberg. ♪ here, it all starts with a simple... hello! hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! wifi up there? uhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your local xfinity store today. taylor: i'm taylor riggs in san francisco. this is "bloomberg tech." hour, up in the next chipmaker rally. micron sockets the highest price in 18 months after the company reports earnings. we will break down the numbers. plus, a culture of recklessness. new allegations of a lack of regard for consequences, harassment, and more at

of expansion strong consumer demand and higher capital investment are powering the development the nikkei index in tokyo gained 0.3 percent on the. german exports rose unexpectedly in october despite ongoing trade conflicts and a slowdown in the global economy goods sold abroad went up 1.2 percent to almost $120000000000.00 euros cars and machines made in germany were among the top sellers worldwide. these cars produced in germany will soon be sold at dealerships in the united states. despite falling out of favor with u.s. president donald trump b.m.w. mercedes and folks in automobiles are selling well across the atlantic. since 2017 germany's trade surplus with the u.s. has actually widened. exports to china have also risen all of which means germany exported goods worth almost $120000000000.00 euros in october that's an increase of 1.2 percent month on month. imports on the other hand decreased slightly to 98000000000 euros that means that goods sold abroad weighed imports by more than 20000000000 euros. but all is not rosy exports to the united kingdom for example fell in october compa

[laughter] ink: -- the nikkei topped 1990 at 13,000. -- at 30,000.24,000 now, so it has plenty of room to go. plenty of room to go in the jacket when he's -- in the japanese equity market. alix: how much of that is value, buybacks starting to catch hold versus on the technical basis? rick: i think it is a combination of both. i think there's pent-up demand. japan is always been a defensive market. japan in there, it is a place that really has some upside. alix: how about you, mark? mark:mark: the one i have been following very closely is vietnam. the proximate into china, it has become very clear that you have to diversify and make sure your supply chain can weather any type of new issues that might arise. vietnam has a ton of low hanging fruit. they've been building a significant amount of structure on the port, wire lines to get power into the main cities, and you have a very intelligent workforce. they are hungry, and they really want to earn some of this work coming out of china. i think, on a logistical level, vietnam mix a lot of sense. they ha

nikkei futures pointing lower ahead of that.verall, looking like a soft start of the session after asian shares closed at a high, with fresh eyes across the region including india. right.l ll let's check in with the first word news with jessica summers. jessica: sterling slumped the most since january as fx traders gave a thumbs down to boris johnson's plan to enshrine next december's brexit that led into law. the renewed prospect of a hard split lost all of the gains since last week's conservative election win. money markets waited with the probability of a bank of england rate cut before may, falling back to 50% as before the election. anger continues across india as the government defends a controversial law. it bars undocumented muslims from seeking citizenship while allowing migrants from other religions to do so. a minister help to move the bill through parliament and told business leaders there is no chance it will be repealed. police clashed with students in new delhi and protest also flared in mumbai. is thee former dic

and p. 500 on friday hit a record high for the 7th straight trading session nikkei didn't get the memo however its shares did it despite a strong earnings report revenue for the 2nd quarter beat analyst expectations although gross margins didn't nike posted higher revenues from china despite being hit by u.s. tariffs as part of the trade dispute notably the company's air jordan brand hit its own milestone raking in $1000000000.00 in quarterly revenues. let's bring in our financial correspondent in new york ian's korda yes let's start with this milestone with the u.s. economy a decade without a recession how much longer can this go on. well what we say at least on wall street is bull markets don't die of old age so just because we were on the rise for 10 years with the us economy does not necessarily mean that it's going to come to an end 2020 but certainly the longer the expansion takes the more likely it gets that at some point there will be a turning point but at least for now most economists here on wall street do not expect a recession for 2020 and well there is some debate going o

nikkei coming back to business after the hour long lunch break.estors shrugging off the bad news on machine orders, which were way worse than had been anticipated. the australian market is under pressure. the prospects of the indian adding day, we could be to the near half percent gain we saw in the session wednesday. the rupee has been appreciating against the dollar which has been depreciating across all major currencies. yields, six and three quarters of 1%. -- theyre than likely see what happens with the last round of interest rate cuts. over in india, we have lawmakers approving a controversial bill that will determine citizenship based on religion. values ofconcerns the the country secular constitution. thank you very much for joining us. this is hugely controversial and really goes to, some would argue, the fabric of the indian constitution. what are critics saying about the new law? >> basically, critics say it goes against the constitution because the constitution is a and treats all of its citizens on par. citizenship would be excluded f

and china stocks and japan's nikkei and the shanghai composite advance around half a percent each on wednesday both u.s. president donald trump and a spokesman for the chinese government signaled the 2 nations trade deal was ready for signing a so-called phase one agreement is expected to ease the friction that has roiled markets over the past year. now it was one of the biggest stories in europe this past year rising rents investors desperate for yield in europe 0 interest markets plough their money instead into urban real estate but property markets in big cities have tightened pushing up rents and threatening to push out middle class families the counter-reaction is now intense berlin is preparing to freeze rents for 5 years beginning in january and some are calling for even tougher measures. tenants in berlin have been fighting for their rights last summer he led an initiative calling for the nationalisation of some of the property owned by real estate companies they wanted city to hold a referendum on the issue that 1st began that seem a referendum question is based on article 1

sophie: futures marginally higher for the nikkei. stocks treading water.a check on stocks to watch in tokyo, keeping an eye on retailers after retail sales data from japan, also watching retailing trade operations. just a look, we are watching at the head of the opening of tokyo and seoul. this is bloomberg. ♪ paul: good morning. i am paul allen in sydney. shery: good evening. i am shery ahn. i'm sophie kamaruddin in kuala lumpur. you are watching "daybreak asia ." paul: our top stories this friday, asian investors are hoping for gains as christmas cheer gives u.s. markets a bump and boost. it is mixed for japanese eco-data. factory output fell again. retail

. $500.00 was up 29 percent one of its best years ever the stocks europe 600 nikkei 225 key indices for europe and asia were also up big time. and let's go to our financial correspondent in new york korda yens good to see you on this last program i guess before 2020 a year of supro terms for markets why have global markets been surging so much this year despite a world economy that's often been struggling at a time. and who would have guessed last year around the same time december of 2018 if i remember correctly was the worst december since 1931 and now we are surpassing one record after another well i guess what does help is that the u.s. economy all decade long by the way could avoid a recession that is unheard of but then also money got even a bit cheaper in the past couple of months with 3 interest rate cuts that was also not to be expected this time last year but then there's also a bit of a lack of alternatives bonds are not really attractive at this level and it's not the stocks on the rise but it's also gold oil stocks up so wherever you look we see this turn to the upside ther

let show you the market before we go because the nikkei injapan is open higher and the hang seng indexl street, which closed at records on friday, but now we have china announcing it will cut ta riffs have china announcing it will cut tariffs on some imports from the first of january, so we will see how that announcement might affect markets later this morning. that's it for this edition, thank you so much. this is bbc news. the top stories this hour: firefighters in australia are struggling to control raging bushfires. more than 100 are still burning in new south wales. the premier league match between chelsea and tottenham has been marred by alleged racist behaviour. chelsea defender antonio rudiger says he was targeted by monkey chanting. the home secretary has met the father of harry dunn, the 19—year—old who died in a car crash outside an raf base in northamptonshire in august. priti patel said she wanted to reassure the family, who want to see the driver charged over the crash, anne sacoolas, to be extradited from the united states. duncan kennedy reports the home secretary arriv

of the week with a hung song in the shanghai composite both gaining close to one percent and the nikkei in tokyo up by just a 10th of a percent tech stocks were the big winners on wall street in the wake of strong christmas spending amazon jumping almost 5 percent after boasting of another record holiday season while apple alphabet and facebook were also moving up. now german industry however is on a different track it sees its problems continuing into the new year nearly half of industry lobby groups surveyed by the german economic institute expected growth to stagnate and more expected business to decline and to increase in 2020 a period of normalization after years of growth is coupling with international trade disputes to dampen business that according to survey respondents hardest hit are the car and manufacturing branches the bright spots the construction and service sectors both of which could see more growth in the coming year. now as mention the past year was an especially difficult one for german carmakers call between declining sales and the need to invest massive sums for ne

we are going to see it looks like a modest rise on the nikkei futures traded out of chicago. kospi futures a little weaker. risk on for the asx futures pointing higher by little more than .5%. new zealand currently flat. we are seeing movement on the bond markets, though. the aussie 10 year yields dropping eight basis points at the open. the three year yield also easing. seeing something similar for new zealand's 10 year. an important day here in australia as well. we are going to have the midyear fiscal outlook from the government. we may see the size of the forecast budget surface edge down a little. revenues have been crimped. that is something to keep an eye on. we should have news on that in about a half-hour. but now let's get the first word news with su keenan. where start in hong kong, protesters clashed with police at a mall and a subway station, amid a day of small-scale demonstrations. standoffs continued into the night. protesters blocked roads and police fired tear gas to disperse crowds. the violence came as chief executive carrie lam visited beijing to give pre

nikkei news says ministers will discuss the plan with the ruling ldp this week.he economy is stuck in low gear and inflation start really weak -- stubbornly weak. asales tax increase and string of natural disasters. opec's oil strategy has been upset with one leading member stepping away from the general agreed plan. the cartel and independent contracts are considered deeper curves on per structure -- destructive. the opec plus groups meet this week and are suspected to prolong restrictions be long -- beyond the expiring match. australia setting up a task for foreign interference and with continued speculation china has been meddling in its political affairs. the government is putting aside $60 million u.s. for a panel headed by a senior officer from australian intelligence. it will draw on support from the federal police, financial crimes agency, and cyber intelligence experts. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm paul allen. this is bloomberg. shery: thank y

nikkei futures slightly higher this morning. the kospi potentially building on gains after posting a high on friday amid signs of overheating for the index. we will watch for korean exports data later this morning, another weak print is coming. a nikkei news report japan decided to use export controls on south korea. the president is to meet with xi jinping this monday in beijing. paul: first word news, this is su keenan. hong kong is back to business as usual monday morning after tense scuffles side police officer draw his gun and pointed at protesters. .o shots were fired the incident escalated during a rally in the city center. demonstrators gathered to show support to china's uighur minority. in -- a government is defending a controversial citizenship law in india. asked -- accused opponents of spreading laws. -- lies. violence increasing with at least 17 people killed, while four have died in another area. bush fires are burning out of control in new south wales. a are devastating properly -- property and farmland. at least

let's look at those markets, because in asia, the nikkei 225 gaining and the all ordinaries is up, thes up, the hang seng hasjust opened. they the all ordinaries is up, the hang seng has just opened. they are taking comfort in president donald trump's rhetoric, saying essentially the talks between the us and china are moving along. that's it for the show. thanks for watching. this is bbc news. the top stories this hour: donald trump has hit back at democrats in the house of representatives, who have announced articles of impeachment against him. he says he will win a trial in the senate. the us says it's charged leaders of an alleged cybercriminal group based in russia with links to moscow's intelligence services. the organisation, known as evil corp, is alleged to have stolen tens of millions of dollars worldwide. mental health patients in england desperate for help are being left in limbo even after they have started treatment that's according to research carried out by the bbc. dominic hughes reports. from day to day, most of my governing thoughts were around about whether i should

currently in negative territory for the nikkei 225, albeit just slightly, 0.2% down, the all ordinariesex hasjust open for trade lower, by 0.4%, after wall street stocks retreated overnight and the start of a news jam week which includes british elections and the federal reserve deciding on monetary policy. the dow, the broader s&p and the nasdaq all in the red overnight. thank you for investing your time with us. i am rico hizon. sport today is coming up next. this is bbc news. the top stories this hour: as many as 13 people are now believed to have died in new zealand after a volcanic eruption on white island. the on white island. country's prime minister says questions the country's prime minister says questions will need to be answered about what happened. myanmar‘s aung san suu kyi prepares to defend her country against genocide charges over the treatment of its muslim rohingya minority. one of the last surviving raf pilots who fought in the battle of britain during the second world war has died at the age of 101. maurice mounsdon was one of only four remaining members of what chur

the nikkei 225 is up to 0.9%, together with the hang seng index of hong kong, which is open for trade index way past 1% at 1.2% higher. this is after wall street stocks rose overnight after president trump said trade talks with china were going very well and a news report suggested key differences were being ironed out. thank you so much for investing your time with us. i am rico hizon. sport todayis time with us. i am rico hizon. sport today is coming up next. this is bbc news. the top stories this hour: the impeachment inquiry against us president donald trump enters a new phase, as us constitutional experts argue whether there are grounds to remove him from office. nato has celebrated the alliance's 70th anniversary in london, but divisions have emerged after some of the leaders were caught gossiping about the us president. official figures show that more than half of people aged 16 or older in england gambled at some point during the last year. it is the first time gambling data has been highlighted by the nhs digital report, which is based on a poll of more than 8,000 adults and

and stocks soared all over asia this morning in tokyo the nikkei index jumped more than 2.4 percent while in hong kong a hung saying index surged on reports that china and the u.s. have reached a trade agreement boarding to media reports the u.s. will cancel new terrorists at the weekend and roll back previous measures china will ramp up its purchases of u.s. goods. as interesting as bring in our financial correspondent chelsea dear lady in frankfurt for more chelsea again a tweet by donald trump moves the markets is the optimism justified this time. well in addition to the tweet there have also been several as you mentioned media reports confirming the story but there are a lot of reasons to remain skeptical at this point in the past we've seen this happen several times where the u.s. has announced that they're getting very close to a deal only for it to fall apart quite quickly there's also still no text of this deal u.s. and china officials have not confirmed it so there's really nothing on paper and i think after all of this back and forth investors and traders watchers are going to w

we are seeing stocks date after a three-day drop in the topix in nikkei.lipping the board, checking in on bonds. i want to highlight tenured jgb's. , treasuries just opening on change right here with the 10 year yield. bonds arechmark offering 5th street sessions. aussie shares are sliding for a third straight session led lower by resource players. this morning. we are seeing gains for the korean benchmark. yuan holding steady against the greenback. shery: let's discuss those numbers out of south korea because we saw experts in the first 20 days of september falling only 2%. exports with china rose 5.3% year on year. we had a little bit of weakness with chip exports falling 16.7%. also, imports falling only half a percent year on year, this is after double-digit declines in the previous two months. we are starting to see some signs of stabilization in the south korean trade numbers. let's bring in our asia economics reporter. a pretty strong numbers of for south korea. still contracting, but clear signs of stabilization given the south korea is a bellwethe

if you look at the japanese market, lowering the kospi, the if you like, nikkei as well. is a little higher right now but the nikkei is down after the central bank in japan p kept moneyly policy steady. lauren: the ftse is up 15 point, cac slightly higher, dax down two-tenths of 1%. nancy pelosi is considering bypass aing a senate trial after the historic house vote to impeach president trump. >> th it is not letting the te president is not letting it stop him, rallying in michigan. >> reporter: the night fell down party lines, speaker pelosi making history with the gavel and struggling to quiet her fellow democrats when they cheered when they wanted her to be solemn, serious and sad. >> present is one. article one is adopted. >> reporter: here's how things broke down. on article one, aabuse of power, the he vote was 230-197, two democrats defected, jeff van drew and collin peterson, tulsi gabbard voted present. not a single republican voted for either article. in the partisan divide, abundantly clear during the debate leading up to the vote. >> for the last couple of wee

. —— nike —— nikkei. thank you forjoining us.d for the party's defeat in thursday's election, which saw them lose 59 seats. jeremy corbyn said he was sorry they "came up short" — and john mcdonnell said he "owns this disaster". nick eardley reports. thejeremy corbyn era is coming to an end, but what will that mean for the labour party? how much does it need to change after its disastrous election result? this morning, mr corbyn said he took his responsibility. his right—hand man went further. it's on me. let's take it on the chin. i own this disaster. so i apologise. i apologise to all those wonderful labour mps who've lost their seats who worked so hard. i apologise to all our campaigners. the battle for the labour leadership is likely to be bruising. because there are vastly different interpretations of what went wrong. some want a leader who will continue with mr corbyn's message, butjust find a better way of selling it. others want a leader who will drag the party back to the political centre. others still want a leader who c

take a look at where we are on the nikkei 225, also higher.ng an eye on technology stocks. . big tex stocks they're under pressure to be more transparent in terms of ipo further units. taking a look at where we are, the dollar is trading, back in play. dollar index currently flat, heading for the biggest weekly drop since october, the head of the jobs report on the back of optimism. the greenback gets pretty choppy this time of year. yvonne: everyone talking about the dollar heading down. we'll see if that place through. had the decision to keep rates on hold. it was a sticker shock when it came to the markets. we saw the brief drop, the policy position, and then things recovered. some say perhaps they are pricing in the prospect of further combination down the road that the pause is just a stall at the moment. they might remain accommodative and a fiscal stimulus could play for 2020. that's fresh on the minds if we extend the declines, despite things pairing of at the get go yesterday. futures were still slightly dealing with the aftermath of

the nikkei firm or by 4.4%.ms of third-quarter gdp rising 1.8% on an annualized basis in japan, versus estimates of .61% gain. announced,opec deal and that has forced goldman sachs to come through, upgrading forecasts for 2020 vibrant and a pta. -- wti. they say it's up $58 a barrel and $63 from brent. you've got brent at $64.22. and they are saying you should be looking at gold and diversifying in terms of long-term' bond holding with gold. they say the trade dispute is making gold and attractive place to put your capital. tracy: amongst the movers you're watching today, is a type a lcd maker, what is going on there? juliette: morgan stanley raising their price targets for both electronics, leading those gains, and also lg display, up 8.5%. there will be an upturn in lcd panel prices, which should help profit turnaround for companies in the second quarter. to the downside, we've been talking about this impact to the chinese growth -- chinese drugmakers in hong kong. your seeing weakness in the region, the gover

the nikkei to 25 adding 0.7 pipe -- 0.7%. 225 economy -- the nikkei adding 0.7%. the economy grew. jesper sees a payoff in 2020 with likely massive boom in productivity. checking on the yen, holding at about mid-108 levels. we are seeing the kospi gain ground, up 0.4%. the korean won is also looking stronger. we are seeing gains for the asx 200. there was a surprise resignation. we are seeing futures marginally lower this morning early in the asian session. a quick check on bonds. keeping a close eye on 10 year jgb's to reach that 0% level for the first time this march. we are seeing dwindling demand on the short end as expectations fall for more boj stimulus in light of shinzo abe's spending package. we are seeing aussie 10-year yields rising for a third straight session. are holding steady ahead of a sale later monday with the supply frontloaded. you have a u.s. 10-year yield holding at 1.84% this morning. paul: sophie, checking on the first word news now. >> we start with the latest opinion polls in the u.k.. all of them give boris johnson's conservative party the lead, just fou

nikkei futures holding steady. we're expecting a mixed session in asia as we have plenty of rate decisions on tap from indonesia, taiwan, hong kong, along with the boj meeting under japanese as we see stocks perhaps getting a little more love from investors, but not to be loved just yet. investor view on japan is improving slightly with net 6% of global investors. paul: thanks for that. let's check in on the first word news now with ritika gupta. proposed budget for the next fiscal year will approach the equivalent of $1 trillion for a second straight year. expenditure will rise more than 1%, almost $940 billion with social security thought -- costs about 1/3 of that. it highlights the drive to curb spending and a country with the developed world. the decision to hold the policy rate at 1.25 percent was unanimous after two cuts earlier this year. thailand has struggled to rein in the back, which climbed about 8% against the dollar over the past year. slowdown may be over and the central bank may not have to keep cu

. >> pretty good nikkei 25, 52-week high. >> world is rallying. >> risk back on. high bet, take exposure is what near term investors want from the market laggards are really rallying right now. i would argue when you look at the laggers, the ones that have limited growth opportunities and that's why it has not been a premium paid for them during the year, i want to look at the laggards from early in the year that began to recover early in the quarter. i think that's financial i think that is health care. i think there's nor sustainability going into 2020 in their performance i'm not sure these recent laggards, but let's focus on health care. >> boeing obviously is a help on that why are we rallying? because money, as bank of america says today, the bulls are alive, cash now is at lowest level since march 2013 this long awaited money is coming off the sidelines and going into equities. >> at luke capital we're seeing the flow, not just in the u.s. where we've seen rallies this year, we are seeing it globally. we're seeing tremendous buying in japan you talked about

the nikkei and shanghai composite up three quarters of a percent.e overnight including investments in new technology and upgrading of infrastructure. all those stories coming up this thursday morning. our top story this half hour, joe biden's tax plan, he is out with it. the former vice president and 2020 hopeful unveiled a tax proposal aimed at a raising 3 and a quarter trillion dollars, including raising the corporate tax rate 28%, the individual tax rate to 39.6% and it includes doubling a tax on offshore corporate income to 21%. biden takes aim at capital gains for those making more than $1 million a year. we've got all the details on joe biden's tax proposeals, we want to compare it to others. first off, dagen, what's your reaction. dagen: nearly 1 trillion in new corporate taxes on wednesday, why do you thinker the economy s in such great shape it's because of the permanent tax cut that was signed into law by president trump. one of the taxes goes after amazon.com. amazon's business actually helps lower consumer prices and make other businesse

the hang seng flat nikkei in japan flat on the day. more mixed trade in the european markets.e ftse 100 in the uk up by one third of 1% and cac in france hovering around flat, little movement in the big french benchmark there. >>> a look at some of the other top stories we are following today. boeing starliner spacecraft returned to earth yesterday. yes, it did return to earth, landing in new mexico. that's the good news the bad news, it never reached the international space station as it was supposed to for that big rendezvous the issue resulted in the clock the spacecraft failing to fire its rockets at the right time. at least some video of it returning safely to earth. >>> uber founder is on pace to sell his entire stake in the ride sharing company he's already shed more than $2.5 billion worth of shares since a lock up period expired last month. he now has less than 10% of his holings left in uber. >>> the force has been with disney at the box office all this year. in its latest star wars movie, the rise of sky walker, topped the weekend movie box office with $176 million

nikkei 225 ending the year down 0.6%.evel, they are -- recovering 50% of its slide since 2009. expecting japanese stocks to rise in 2020. the kospi, flat at this point. david: that is it from us. we are headed for the lunch break. bloomberg markets middle east is next. this is bloomberg. ♪ rg. ♪ yousef: this is "bloomberg daybreak: middle east." a close withng to every major asset class a winner. we examine some of the years best performers and a look ahead to 2020. on bases of used by an iranian backed militia. we have the latest. milestone,es a major delivering its first batch of china built cars to its employees and multibillion-dollar plants in shanghai. and spending is set to surge in dubai ahead of world experts 2020. can the evans turnaround the fortune of the struggling emirates? it's 8:00 a.m. across the emirates, this is "bloomberg daybreak: middle east." i am in dubai. added ton has been equities. investors picking up where we left off last week. s&p 500 can't hire at 2/10 of 1%. quite a bit of focus on what's

the topix hitting ground along with the nikkei 225. today, stocks are trading ex-dividend today. let's check in on the open in seoul. we are seeing downside moves for the kospi. we will see what the index can crack 2200 points. switching it now to check in on the mood in sydney, the asx 200 gaining some ground with gold miners among the biggest advancers. resolute leading the pack, jumping 7.5 percent earlier with spot gold on course for the best year since 2010. jumping into the terminal, that momentum could make for a solid 2020 for gold as traders make attempts to carve out a higher trading range after bully and has added 18% this year and goldman is among the bulls. prices climbing to $1600 an ounce. guys. paul: thanks, sophie. let's check in on the first word news with korea mitchell. japan's national broadcaster issued a hasty retraction after mistakenly issuing a nationwide alert of a north korean missile launch heading over the country. it said it accidentally issued a practice alert morning a north korean missile had fallen in 2000 kilometers east of hokkaido. it is the