ramin is still here as well.ood morning, they agreed on nothing but this meeting at insignificant anyway, did it? tone of the meeting was remarkable he differed from six months ago when he couldn't agree on anything. oil minister,audi he was determined to make his first meeting a success. push to get people on his side. he saw the new secretary-general, the fact they could appoint a secretary-general is a minute haven't managed to do it for years. that shows there getting on better. they are united in their opinion that the market will keep improving post-up the thing to take away is markedly improved sentiment. anna: the bar was set pretty low about what they could agree on. be theit seemed to iranians that were scuffling any plans to get to the production ceiling. this time around, did you send anything different? page. still on the same the around the minister was making it very clear that a cap wasn't good for iran, or the other producers for the think other producers agreed. if not, then what is the point of

here in tokyo, good morning, ramin, what do you see over there? >> reporter: good morning. a little bit of a calm in the markets as you touched on. european and u.s. markets ending higher. however, proceedings in brussels, talks between eu and uk leaders still overhanging the markets. let's have a look at how the topics are kicking off for wednesday, june 29th. as you can see, they're pretty positive, the nikkei and the topix up 1%. a reminder, on tuesday the nikkei managed to hold on to gains it made on monday and now is on a rebound after the 8% fall we saw last friday. let's not forget that. and fears have reseatceded on t to offset the impact of brexit. however, with brexit concerns still dominating, an awkward reversion of gdp went unnoticed in the markets. federal reserve has remained very concerned over the full impact of the british referendum on the eu. that's really playing into central bank mood right now. there are some signs of calm in the markets. the yield on the ten-year u.s. treasury note rose as investors bought riskier settings like stocks. wti regained a

we go to ramin mellegard at the tokyo stock exchange. good morning, tell us what you're seeing so far. >> good morning to you, ai. definitely volatility has receded somewhat but traders and analysts still urging a little bit of caution ahead of possible central bank action and still they point to the disjointed political landscape in britain as some headwinds there. let's have a look at how the nikkei and topix are kicking off thursday june 30th and we're continuing that upward momentum or a rebound, the nikkei up 1.15%, broader topix higher as well. the nikkei managed to close higher in the last three trading days, in fact, banking in export related shares which had been battered, have in fact seen most of the buying, we'll see if that continues today. analysts still suggest a stronger yen and other factors may severely dent japan's economy. we just saw some data that you just mentioned regarding the industrial production output levels, tomorrow's quarterly business sentiment survey, the tankan survey, will be widely watched for any fur

we'll go to ramine. what are you sieeing over there? >> a lot of traders also taking yell yellen's speech and suggesting rates wouldn't really go up until the economic outlook becomes a little clearer. so let's have a look at how all of that is hitting tokyo stocks this tuesday morning, june 7th. both indexes in the positive. now just a reminder, yesterday the nikkei fell 0.4% on a stronger yen or weaker dollar after the weak u.s. jobs data on friday however we're seeing a slight pop higher in the dollar and really the focus is squarely on what the fed may do in the next couple of months. >> ramine, you mentioned the dollar. how the dollar currencies, as well as bond yields, how are they reacting? >> we did see a reaction there especially dollar yen. 107 spot, that was trading at the 106 yen levels this time yesterday. the dollar popped higher after a star retreat on friday. let's not forget that following the may employment data in the u.s. analysts say the reason for the dollar's gains was that yellen's words were essentially still co

let's get all the latest from ramin. he's been following the moves. get us the update on what's been happening here? >> volatility is the keyword there. you just touched on it. you've seen that in currency swings. that's what a lot of traders are looking at. you mentioned pound sterling against the dollar. that's a key pair that many are watching out for and there's a note of caution definitely. let's have a look at the reaction for stock markets. the first key major index here to kick off the nikkei. many assets had been sold off. that helped to drive the nikkei up on thursday. let me go through a few of them. conoco. nissan and hitashi and many others that are heavily invested in the uk economy because of its membership in the eu. mazda has about a fifth of its sales in europe. a big focus there. investors looking to the currency markets, as i mentioned there. we're seeing some wild swings even right now. >> i bet. get us an update. tell us what's happening with is your honor -- currencies right now. >> the pound against dollar, 1.4554. sterling had

back to you. >> ramine, thanks a lot.ll touch base in a few hours time. >> german prosecutors have launched an investigation into the former ceo of volkswagon. he's accused of manipulating share prices by delaying the announcement of the share scandal. they launched the probe in another former board member at the request of germany's financial watchdog. it requires businesses to promptly release information and expect to the have a big impact on share prices. the scandal involved illegal software installed on diesel vehicles designed to e limit pollution. prosecutors have been investigating volkswagon for alleged fraud and say they have enough evidence to prove the two executives knew about the software before the scandal was revealed in september of last year. >>> young japanese workers are showing less loyalty to the companies than previous generations. about one in three university graduates leave their first job within three years of being hired. the ratio is 1-2 for recent high school grads. managers are taking note

ramin mellegard joins us from the tokyo stock exchange. what is the open looking like? >> well, ai, very good morning to you. it's looking pretty negative. we saw that rebound on monday but we're back to the negative. investor uncertainty over brexit still playing into the market. a lot of investors still don't know the timeline for the uk's withdrawal. and again, that is playing into the markets. the nikkei down 1.5%. broader topix down 1.43% for this tuesday, june 28th. now, after plummeting 8% on friday, just a reminder, of course, the nikkei did manage to rebound more than 2% on monday, but again now we're down 260 pounds right now. and that's after prime minister shinzo abe on monday tried to calm markets. now, overnight the yen moved without clear direction against major peers, but the risk off mode is clear to see and analysts suggesting that may lead to continued yen buying as many consider -- many traders consider a safe haven in times of volatility. so the bank of japan, of course, is a big focus, and it's now having to deal with it. a stronger yen, of course,

ramin is standing by. tell us what you're seeing so far. >> very good morning to you. you talked about the uk referendum. markets really on a cautious tone ahead of that on the eve of the uk referendum with the latest polls showing both camps are pretty much neck and neck and markets, however, do seem to be discounting a leave vote as we have seen stocks rising and also the dollar rising. let's have a look at how the nikkei and topix are kicking off. a stronger dollar may help today as it's edged higher after the fed. now, she offered some words of optimism on the u.s. economy reignited the prospects of another rate rise as early as this summer according to analysts. here at home, the big news will be focusing on the resignation of softbank's president and former google executive. it sold its entire stake in finished game maker super cell to china's ten cent holdings as up to $10 billion worth of shares in allibaba, the chinese online shopping mall. >> we'll be following that softbank story a little later on the show. i also want to ask you about currencies. we did see

we're going to go to ramin. tell us what's going on. >> the negative sentiment translated. they switched to safer assets. pushing yields to record lows and in some cases into the negative. let's have a look at how the nikkei and topix are kicking off june 15th. you can see both indexes this the negative. just a reminder that the nikkei ended down. the uncertainty and instability are reflected in bond yields. the yield on the benchmark ten-year german fell below 0% for the first time ever. the yields on the benchmark japanese government bond post an all time low yet again on tuesday. in fact, the yield went down to minus 0.175%. now, even u.s. data was sidestepped by investors. retail sales rose 0.5% in may pointing to solid consumer spending in the second quarter in the u.s. that was pretty much ignored. >> all this uncertainty in the bond market, in equity, looks like we're seeing something in currency as well. tell us what's going on there. >> we've seen the reaction in bonds as you clearly mentioned there. look at the currency. stubbornly strong. i'm talking about the ye

for that we're going to go to ramin. good morning. what can you tell us? what are you seeing over there? >> you just mentioned the frb, the feds decision coming in pretty much as most analysts had expected giving the slowing growth, jobs data we had from last month and policy makers taking into account global uncertainties including the possibilities of britain's exit from the eu. let's have a look at the nikkei and the topix. the nikkei ended higher yesterday. that was mostly on short covering moves after the steep declines we saw earlier in the week. we're seeing persistently strong yen buying. that's not going to help overall sentiment. no doubt the boj is watching closely as it will wrap up its policy meeting later today. the negative sentiment seems to overshadowing and inflation data that showed price index data coming in at plus 0.4. many expected 0.3. that was overshadowed as well. >> looks like the dollar keeps getting lit. >> it's getting hammered. the dollar yen 105.76. over a couple of weeks ago it was trading at 111. the dollar fell as the fed

we're going to go to ramin for that. good morning. >> you mentioned u.s. stocks ending higher. if you look at the dollar, it hasn't moved that much higher. that may be a bit of a head wind for major exporters here. let's have a look at the opening levels for the nikkei and the broader topix. both indexes there trading in the negative. just a reminder, the nikkei rose in the energy sector. we did see oil prices going higher. inspect, let's have a look at the graphs and charts here. brent was up nearly 52%. we also need to watch metal and related shares. chinese imports jumped in may. the bank of tokyo is thinking about opting out of his role as a primary dealer of japanese government bonds. the bank sees little benefit in holding the debt given the low yields that we're seeing now. also, big focus on shares of n panasonic that rose on wednesday. tesla is working to supply batteries for its first mass market car. >> what about the thing about the weaker dollar causing head winds for japanese exporters. what can you tell us about that and the key levels right now? >> exactly. talk

good morning, ramin. tell us what you're seeing. >> looks like investors pretty much ignored that expression of sell in may and go away. a lot of the stock markets gained significantly over the month of may. it was pretty good for japanese equities as well. the stronger dollar also happening. a little bit of a negative start. we're still above that 17,000 level. a reminder on tuesday, the nikkei rose for a fifth straight session ending may up. not bad. sentiment in tokyo was also boosted by the prospect of a delay in the consumption tax hike from 8% to 10% by over two years. many investors eyes will be glued to the job numbers. we may see at the againing of every month is data on manufacturing and services which investors will look at very keenly. in this region of the world, there's still some head winds as weakness in china's currency is a cause for concern among investors with many waiting to see if the bank of china may take steps to intervene. the yuan weakness has not been held by anticipation of u.

we're going to go to ramin for that. he's at the tokyo stock exchange. tell us what you're seeing over there. >> very good morning to you. stock traders are watching currency moves very closely especially swings in the british pound which is already seen some volatile swings in the week leading up to the referendum which is going to be later today. let's have a look at allow the nikkei and the topix are reacting this thursday, june 23rd. the nikkei has been swinging in and out of negative and positive. still no major moves. investors have gone through some profit taking trying to square up their positions ahead of the uk vote. japanese banks also have to make sure they have ample liquidity or funds as they are looking to safety guard against any further volatility. if britain chooses to exit the eu and many investors rushing to buy the dollar, the euro and the yen just to keep funds in shape just in case sterling does crash and foreign exchange platforms have halted or really slowed down some of the fx or trading volume that they have seen so far. now, t

we're going to go to ramin. good morning. tell us what we're seeing over there. >> really uncertainty still continuing to play through the global financial markets. we still have questions about central bank policy. the price of oil that you touched on and britain's membership of the eu. that's playing into markets in the coming weeks as well. the index has been subject to those swings in the dollar yen right now. energy shares on wall street fell following a dip in crude oil prices. many investors parking their money in safer assets. the concerns remain over the state of the global economy and many central bankers keeping their rates at very low rates. another interesting point is how japanese companies will fair if britain were to leave the eu. many firms have voiced concerned about a possible bragzit. the primary reasons for basing their operations in the uk was because of its eu membership. a lot of concern building up there. >> get us updated on some key currency. >> the dollar yen a big one. it has been stubbornly stron

we're going to go to ramin at the tokyo stock exchange. tell us what you're seeing over there. investigators they remain a little bit cautious. that's a bit of a head wind here. we saw the plunge in the nikkei on thursday. today we're seeing a slight rebound. topix is also higher. just a reminder. yesterday the nikkei fell. its worse day in a month. it's down more than 12% so far this year. also we had next year's consumption tax will be postponed until 2019. crude fell below $49 a barrel. >> the european central bank held a policy meeting on thursday, tell us what happened to currencies. >> exactly. bit of a focus on the euro there. let's have a look at some of the pairs there. euro/dollar 1.1148. in the u.s. suggested a robust pace of job hiring as a prelude to the may numbers which are due out layer todter today. seoul's kospi is trading higher. china markets open in an hour and a half. many will be watching how some of the key indexes there trade. the shanghai composite has been a bit volatile this week as well. for now the nikkei and the positive. back to you. >> thank you

let's go to ramin. good morning. what are you seeing especially following japan's revised gdp numbers? >> it's interesting because the nikkei and topix opened in the positive. we saw a slight dip into the negative. that could be as investors are a bit confused or sitting on the sideline. the dollar seeing a slight bit of weakness as well. one area which is bullish is the energy sector. you're looking at brent. brent rose above $51 a barrel for the first time since october. further disruptions continue to suede sentiment. we also need to keep an eye on industrial metals that took another hit. copper prices fell just over two and a half percent. that sector will also be a focus. >> tell us where some of the key levels are at now. >> exactly. having a look at that right now. 107.08, it was trading bit higher than that level before stocks opened. that's going to affect sentiment. greenback a touch softer. not any major moves. there's also focus on the australian dollar. it was boosted after the central bank left interest

we'll go to ramin. good morning. tell us what you're seeing this friday morning. >> very good morning to you. >> the theme is dominated by the whole news about britain's possible exit from the eu and the caution really being played into by central banks. we saw the fed policy meeting wrapping up. the bank of japan meeting wrapping up. some showing concerns. we're seeing a bit of a bounce here. we'll see how that develops. it fell to a four-month low on thursday after a dramatic fall in the dollar and reaction to the bank of japan leaving the policy unchanged. that was on concerns. >> tell us how the yen is trading. >> exactly. we saw the move. dollar yen 104.68. that said, analysts still say they expect the fed will at some point raise rates this year. yields are still higher compared to german or japanese government bonds. the sudden move in currency markets have surprised japanese government officials and boj policy makers. they worry that storing yen could delay their goal of beating deflation here in japan. talk

now let's get all the details from ramine. >> we saw the nike breaking below the key level there. it's popped a little bit higher but again, uncertainty in the global market over the exit you mentioned and key central bank meetings this week, as well. look at that now. the nikkei back in the positive up but as you mentioned, it did dip below the 16,000 level albeit briefly. it's back there now. tuesday, june 14th. just a reminder on monday the nikkei fell 3.5% highlighted really by the flight to safety by investors as they rushed to buy the yen bonds as well as precious medals. meanwhile, no major moves expected by the bank of japan and u.s. federal research, the bank of england as well as the swiss national bank have policy meetings this week. investors unlikely really to take any unnecessary risks before those key events. now here in japan, long-term investors are showing concerns over lack of structural reforms needed really too to boost growth and analysts are saying the financial sectors are having egative rates ter the by the bank of japan and the bank of tokyo and will drop

for that we will go to ramin. good morning. tell us what you're seeing over there. >> good morning. not too many cues from the u.s. market. pretty much flat on the day. investors may be a little bit risk off because of the slightly stronger yen. let's have a look at how all of that is playing into the nikkei and the topix. we had the weaker pmi manufacturing data out of china yesterday. markets a bit lower here at the moment. let's not forget the nikkei fell and snapped five days of gain on wednesday and the stronger yen pushed many to book profits after the winning streak. prime minister abe postponed a consumption tax hike set for next april. it's scheduled for 2019. some analysts suggest it's a bit of a setback for prime minister's abe policy agenda as deflection enforces really remain stuck in place. others say the delay may affect the plans for japan's balancing of its budget. some factors there. we need to keep watch for oil and energy stocks. overnight major crude oil futures dipping a touch. you're looking at wti there. analysts suggesting the current price around $50 really

let's can jump to speed with what you need to know, here's haslinda ramin -- amen.a: policy support -- it is medium prospects have become one certain. -- uncertain. in terms of -- is imperative to avoid serious problems down the road. the fund says while china is positioning to a sustainable growth path, argus has been uneven. -- progress has been uneven. president obama says the orlando nightclub killing -- nightclub shooter was inspired by propaganda. omar mateen was the kind of homegrown terrorists that authorities have long feared. he was interviewed twice by the fbi but was able to buy an assault rifle legally because he had no criminal record. he has -- it is now known that 49 people were killed in the nightclub shooting. >> at the last minute, he announced allegiance to isolate. wase is no evidence that he directed. there is no direct evidence that he was a part of a larger plot. haslinda: french authorities have started investigating into the killing of a police man and his partner in northern france. the attacker was killed by police and the couple's three-