here is shery ahn.vonne: the world bank has maintained its outlook for the global economy, forecasting a modest pickup in monetary policy and rising protectionism. it sees expansive mission of 2.7% desk expansion of 2.7%. manufacturing and trade are picking up, proving financing conditions could be coming back. china's biggest homemaker and one of the biggest coal-fired power generators are in talks of a merger. the talks are at an early stage and may not proceed. units have been notified by their parent company -- companies' significant matters. saysnn chairman terry google and amazon are supporting him for the stewardship of the toshiba memory chip unit. the out word -- they offered financial support. they had interest in buying the units. japanese authorities want a domestic better to step forward to prevent technology from going abroad. unitba's strictly nuclear has reached a two-week lockout in new hampshire. they had a three-year contract which would run through to may 2020. the deal covers 172 em

i'm shery ahn.ontinue our global tour of the week's top business stories with legislative elections in france. voters gave a boost to the new party led by president emmanuel macron. >> in france, macron's republic on the move and its allies have won 350 seats in the national assembly. that is the biggest majority in 15 years. >> it is a large majority. 350 seats. clearly out of 577, he will be able to pass reforms in the parliament. however, it is not as big as we expected. there were very tight races in some of the constituencies, especially against the republicans. they're actually not over yet. there are 137 seats in parliament, so they will be able to make their voices heard. national front. and you have the leader of the --and you have the leader of the national front. marine le pen elected for the third time after failing four times to get a seat at the national assembly. she managed to get one last night. and another leader elected for the first time ever in marseille. >> tesla is said to be

i am shery ahn. we are so used to seeing this dovish tilt and it comes to central banks, and now, they seem to be going the other way. shery: now, we have the boe revealing that they almost hiked rates. the big question, will the boj also turn hawkish? betty: you get the feeling that come 2018 and beyond, the question is not one to be how low is monetary policy going to go, but really, when are the others going to get in line with the fed? shery: yeah, that is a big question, and something that investors will be thinking about today as markets start trading. we have new zealand that has already got going. it is gaining ground for a fourth consecutive session. we are seeing it up .1%. the kiwi dollar is unchanged, but after falling yesterday by the most in more than one month, which was a very different story from what happened to the aussie, that got a pop the cause of really surprising to the upside jobs data. the asx 200 was a bad session. we are seeing futures pointing upwards. at japanese yen righ

this is bloomberg. ♪ shery: this is "daybreak asia," i am shery ahn in hong kong. i am betty liu in new york. plenty more to come with asia's first major market open moments away. shery: so much more. we have eco data, aussie jobs. let's get a check of how markets are expected to trade. sophie kamaruddin opening -- watching the opening. data, the fedco kicking off. looking to set asian stocks lower at the open. we saw treasuries rally and u.s. stocks falling overnight. continuing recent gains, u.s. tech stocks did resume downturn. watch for this affect in asia. taking a look at stocks we could be watching when markets open, we are taking a look at toshiba shares. the stock fell nearly 4% yesterday. the company was to decide on shipping sales today. asahi is reporting it will likely be delayed. it is said to have received the first round of offers from the likes of honeywell and others. plus, toshiba is manufacturing in july. nikkei, the reporting, they will demote toshiba to the second session as of august 1. for indianors, watch regulators penalizing its units ther

great round up there from shery ahn in hong kong.keve our bloomberg asia editor, edwin chan joining us now. you.morning to in terms of the ransom ware spread, what is the impact in your neck of the woods, in asia? edwin: so far, we haven't seen much impact, or i should say not much reported impact. maerskrd about the container terminal -- terminal in india and a cadbury plant in australia. mechanismsreporting are not as efficient in asia for cyberattacks, and that's why we haven't heard about anything, and on the other hand, also i think companies have stepped up their defenses. thes: in terms of proliferation of ransom ware, in terms of national health service , there was a big headline just a couple of weeks ago. why such proliferation in ransom where, is it because there is no one-off button? edwin: i think there are several factors at play here. branson where's considered pretty lucrative, now that banks and financial institutions have shored up their defenses against credit card theft, information that. so rants and where is bec

first word news with shery ahn. shery: thank you.d after softer than expected trade numbers. exports jumped 14.9% in may from one year earlier. aat was below estimates of 16% gain. imports grew more than expected, up 17.8%. ¥203 billion,t of the equivalent of 1.8 billion dollars purity economists had expected a surplus of 390 million. the rba governor says that the is perfectlyonomy capable of faster growth if parliament can overcome political gridlock. he said lawmakers must focus on reforms that can make a real difference to living standards. if not, he thinks australia will fall behind. enacted a has not significant reform since a conservative tatts was introduced in 2000. the finance ministers of china and south korea have held their first talks in half a year. they met at a summit over the weekend. they agreed to cooperate more closely, says one represented. >> that is what we hope for, but given that there are delicate diplomatic issues, it might be too early for us to hope that all the barriers will be used right away. -- be e

i am shery ahn. this is bloomberg. thank you very much. go to twitter right now and our guest, jeremy cook. this is them -- kind of comment that will grip the markets. need to like we might timeout on brexit negotiations. it is time for everyone to regroup. he is the former prime minister and finance minister of finland. he is very much a friend of bloomberg. from ams up the risk european perspective, a hung parliament. we do not know who is in charge. we may need a timeout. >> we may give them a sensation of hostility, if we can put it that way, but certainly the uncertainty around the u.k. election at the moment, this is not a good thing. this is not merkel and -- this macron-- merk anel and are not going to wake up and say, thank god it went terrible. things done ast quickly as possible as much as we do as well. in the grand scheme of things this is a box over both of our houses. we may need to take a timeout and reanalyze. up withremy, to keep the conversation, i have found another blog from markets live. he is talking oscar wilde. loo

let's get the latest on asian markets with shery ahn. rt to the week, but that maybe for today. we do have top-tier federal reserve speakers this week, including janet yellen. that is expected to add some pressure to the dollar. the dollar index, the line in blue, is headed for its second quarterly back-to-back decline in about three years. traders are now doubting inflation outlook as the fed continues to want to hike, but inflation not there. take a look at treasury yields. this is the inflation protected treasury yield. they continue to be subdued. societe generale saying this will hamper any further revival of the dollar index. we saw some revival in june, but again, it has been coming down. affect what is happening to emerging markets when it comes to the currency markets. we also saw last week that emerging markets were some of the biggest decliners when it came to currency. we have a slight dollar pop, but that is not being sustained. the south korean won gaining, .4 percent after being one of the biggest losers among emerging-mark

let's go to shery ahn. shery: we are seeing losses from disappointing u.s. data in durable goods.eversing against the japanese yen, we are seeing the dollar staying near a one-month high against the japanese yen. giving a boost to the stocks on the nikkei. we are seeing 171 stocks on the nikkei gaining ground. some of the stocks that 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

we do have southeast asia, singapore, malaysia coming online, so let's get it over to shery ahn.id see wall street falling the most in the six weeks. we are tracking goes losses in asia as well. also, dollar weakness, a plunge did nothing,llen well mario draghi striking a hawkish town, so some pressure on asian currencies, including the yen, gaining .2%. that is pressuring equity markets, the nikkei falling .2%, the kospi falling by as much, the korean won the losing ground after four sessions of strength. one equity market that is interesting is the taiex coming back down .8%. a stellarhas had 27 yeargain of 14%, a high, but now economists at bloomberg, nine out of 11 saying the taiex could be running out of steam, so ending around this level or lower. with a weaker dollar came to boost for the metals and oil, but oil a story i will get to later. steel gaining 2.7% in asian markets. we had some optimistic comments premier li ka-shing and china. the striking move in the dollar was against the euro, mario draghi more hawkish, and janet yellen not doing much to support the dollar.

. >> welcome, i am shery ahn. this is bloomberg best.t's week marks the one-year anniversary of the brexit referendum. on monday, the u.k. and eu finally began talks to emerald the divorce. brexit talks have finally begun in brussels, amid confusion guest -- what the u.k. government wants. this on the backdrop of a mounting domestic crisis in the united kingdom. a mood shaken by several deadly tragedies. >> the clock is ticking, the window is narrowing. ,hey have decided to go ahead even of the u.k. position hasn't been recently if i do few will. >> today marks the start of a journey of the united kingdom and the european union. >> there's a long way to go but we are off to a promising start. >> the key negotiator on behalf of the eu said -- in the statement after the press conference, but he was not in the mood for making any sort of concession. interestingly, the consequences of the decision are substantial. it doesn't seem that they were trying to talk about the positive being the tracking of this. early deal is what both of them is s

let's get over to shery ahn. should be seeing markets in malaysia and singapore open, but they are on holidays with india, indonesia, and philippines. this session looks positive, the regional benchmark gaining with australia leading gains. do keep an eye on commodities. we are hearing competition over rio's coal assets intensifies, it could be upping its bid to match glencore. when it comes to commodities, keep an eye on copper, gaining .5%. hearing that the downward trend line has been broken. brokers on the shanghai futures exchange turning less bearish, meaning cutting net short positions. when it comes to the currency markets, the south korean won leading gains after seeing one of the biggest losses last week. u.s. dollar. have top-tier fed speakers coming out, including janet yellen, so we could see some more pressure for the dollar. when it comes to the bond yarkets, chinese equit markets close, but the five-year losing ground. market's yieldd curve has corrected after being inverted for the longest time o

but the shery ahn. theresa may will seek new anti-terror powers if he wins in this week's elections. she said there has been too much tolerance of extremism in the u.k. it left seven people dead and 21 critically ill. the campaign has been suspended for a second time. it was halted after the manchester attack as well. they are trying to counter the growing threat of terrorism, linked to the so-called islamic state militant group, the need terrorist activity was high on the dialogue at the shangri-la singapore dialogue. tradering commodity noble pieces another tough -- faces another tough day after its shares plunged working percent friday. -- 14% friday. they wanted to extend their credit facility to the end of the year. the listing in singapore, shares are at the lowest in 17 years. the oecd said quotas for promoting women is something japan could consider. gives shinzo abe the credit for trying to raise the status of women in the workforce, but more needs to be done especially in the private sector. j

let's get the latest with shery ahn.d not dispute that his comments were misinterpreted. that said a lot. yes, it is the central banks. the major banks have spoken about the global economy and that will set the tone for markets in asia. u.s. stocks gaining the most in thateeks, so we are saying come into the asian trading session. gaine seeing the kospi wound is even at an all-time high. gainingh korean won after losing ground in the last session. brent crude continues to rise .2%, past $47 a barrel. central banks and seem webe turning more hawkish, could see fields continuing to sayingnd our colleague 2.25% is a key number to watch on the 10 year treasury, now resuming their trade in the asian session. that would be where the 50 day that key00 day and down trendline from march meet, passing this level for the 10 year yield and could mean we are leaving the bond market rallied behind us for a short while and could see yields continue to rise or the bear market in bonds , i should say. are seeing this yield continuing to

boss speaking to shery ahn in hong kong. updating us on the big stories of the day.e gcc. angie: definitely following that story, also some big names, the ceo of fortescue, j.p. morgan china, an exclusive one-on-one, and commits the collapse of , how is he powering through. also out of beijing, another exclusive. china's one belt, one road helping to move that along, and a possible tie up between the andest coal miner in china one of china's largest coal-fired power generators. this is bloomberg. ♪ angie: i am angie lau. david: we are in the middle of the first trading session of the week. welcome to "bloomberg markets: asia." ♪ angie: the arab world is facing a historic split with saudi arabia, egypt, and bahrain all cutting ties with qatar. morgan stanley has raised its 12 month forecast for the index. among the days winners, rising for a seventh day, building on a 23 year high. generators top power and coal miner discussing a $267 billion merger. it is breaking news out of the middle east as the united arab immigrants now joining along with saudi arabia and bahrai