that overall trajectfully ozzie dollar.ou begin to understand the momentum with which it's beginning to break down below the .80 level. >> u.s. president and indian prime minister say the two nations have achieved a break through on civilian nuclear projects. the agreement should speed up progress towards implemented a deal to provide india with american nuclear fuel and reactor components. >> the u.s. and e.u. have warned russia may face further repercussions. rocket fired from rebel held territory killed 30 people saturday. in a sunday phone call german chancellor urged vladimir pute tony exert influence on the separate rios to adhere to the september ceasefire. >> the u.k. party predicted his party will win more than three or four seats in the general election. u.k. is unlikely to join a coalition government after the election but he was open to negotiation on a referendum. >> we couldn't do any deal all the while he's turning his back on a referendum on the european union. we could potentially do a deal with mr. cameron

now if you want to see a currency that voices the ozzy dollar--- aussie dollar -dollar. that is incredibly important because that would be 15% below where we are and the bloomberg consensus stands at $.79. there is a big differential. >> i love when you play with fancy technology. the smoke this this morning is very much on china. 7.4% growth. let's bring in built lane, a friend of the show. thank you for coming in. >> 7.4%, pretty much as the government had intended. >> exactly. >> one of those things it comes up often when we talk about china. does that mean more stimulus or the same amount of stimulus? >> you have to be observant about what is going on in china. the big theme is how do they maintain growth at a sufficient level to keep the economy happy. that is the keyword. to keep the economy happy so we don't get pressure and defensive and all things like that there is -- things like that. we are likely to get a default in the residential construction sector. i don't know if everyone has been watching this copper trading scandal but it is interesting and going on a

nevertheless, ozzy dollar-dollar rising slightly.t is your moves. >> these are the bloomberg top headlines. asian stocks fell the most in seven weeks. that extends a global selloff on the decline in the price of crude oil. the lowest level since 2009. rolls-royce reporting record sales delivering more cars in 2014 than any year in history. the global sales had more than quadrupled since 2009. the u.s. is rolls-royce biggest market but the chief executive remains cautious about prospects in russia. >> we are watching russia carefully, early days and too early to make a forecast for what happens in this market. >> the russian opposition leader has taken to twitter to declare an end to his 10 months of house arrest. he tweeted he has removed the electronic bracelet but says he has no plans to travel except for going to work. he violated the terms of his house arrest last week to defend -- attend an anti-kremlin protest. >> you remember we were speaking on christmas eve and we said one date to pay attention to was january 15 which is whe

we are seeing weakness in the ozzy dollar and the kiwi as well.hethis play out against potential stimulus? >> where you are seeing the -- the pmi in china, u.s., and europe all have been week. i would be cautious. given the falling commodity prices, if i was a purchasing manager i would be waiting to see how much commodity prices will get to fall further before i actually committed to buying infantry's, lying inputs, etc. -- buying inventories, buying inputs, etc. to be sure there is a weakness coming through from china. we are expecting growth around 6.8% this year. the key question for 2015 for asia, for australia, for new zealand, is will the recovery in the u.s. be sufficient to offset the slowdown in china? i would be quietly confident that would be the case. it is an unambiguous positive for asia in 2015. rune have the longest bull in recent history. we have the bloomberg global commodity index falling to a fresh five-year low on friday. could this be one of the four horsemen of our impending apocalypse? >> i don't think so. i'm reading the

against the ozzy dollar and the yen it lost a bit of ground. let's, in fact check on markets in asia. we are standing by in singapore. >> good morning. very sluggish session out here in asia. remember though volumes that much more on the ground today because the japanese markets are closed for a national holiday. so in volume terms we're a little bit thin on the ground. elsewhere we're seeing the shanghai off the worst level of the day at the close. but still the rank under performer, the property the utility, and the energy all lower leading the market lower. another is more than 20 new listings come to market. that's drawing some attention. drawing liquidity away from the listings on the main boards. the hang seng has been prop top single handlely by asia's richest man. he restructured his business empire. investors applauded that news sending the holdings up by as much as 20%. the family also $2.5 billion richer as well as a result of the overall of the business empire. elsewhere it's a fairly sluggish session because of the lead we got post