. >> the nikkei started in the positive. it's dipping into the negative. a lot of investors waiti inin i the u.s. jobs data. the nikkei dipping in the negative. it was up 100 points when it first opened. we're seeing a bit of a negative reaction here. the topix still many the positive for friday, may 6th. investors have been trading cautiously. we did see the dollar regain in ground after falling earlier in the week. that may boost exporters. many market players still on the sidelines. volume might be a little less than intended. commodity prices may also have a say as crude benchmarks really went through a bit of volatility in the three days that markets were closed. industrial metals saw volatility and negative price action as well. >> tell us about the dollar yen. it's really seen some swings. >> exactly. we did see volatility when markets were closed here. the green back hit a 18-month low. 105.50 on tuesday. it has obviously bounced back a touch. u.s. jobless claims data came in touch under expectations which puts the focus squarely on the main figure

the nikkei fell 1.4% closing at 16,412. the topix fell 1.3%. both opened in the positive but the dollar had been higher but soon came in for a bit of profit-taking. let's look at some of the main movers. pioneer, which was one of the biggest losers, tumbling 12%. that's on weak earnings reports for fiscal 2015, sales were down more than 10% on weak demand for car audio systems in emerging economies. net income also fell by 95%. now, as we have been covering all week on nhk "newsline," a lot of focus on nissan as well as mitsubishi motors. nissan rose 4%, not only because it took a 34% stake in mitsubishi motors but also it posted strong earnings and raised its dividend payout as a result. mitsubishi motors fell 1.7%, but only after it had been flooded with buy orders on thursday, so it wasn't too surprising that it came in for a bit of profit-taking. so looking at the week on the whole, the nikkei ended up 1.9%, thanks to strong gains earlier in the week. i am ramin mellegard from the tokyo stock exchange. >>> moving on to other markets in the

australia, just about every stock on the nikkei underwater at the moment.hen you take the losses back on thursday, we are down about 7.5% over just two trading days. let's break it down across sectors. down onngle sector is the nikkei. have a look at the nikkei volatility index. we are looking at a sharp jump. it up there? there we go -- 18% higher. that is something to watch. a lot of people are starting to downsize. when the yen starts jumping around, expect people to be risk-adverse. volatility is higher than usual. we are watching shares of takata.at -- u.s. authorities are looking to to all cars that use their airbags. nitrate.nium we understand based on the report that the plant is going to be announced sometime toward the end of the month. shares are on the way to record lows. let me wrap up with an update on the japanese yen. hear low, theto same levels as mid-october 2014. boj --are the rishaad: absolutely. yen -- the u.s. has put japan on a watchlist for foreign exchange practices. what is this all about? shery: japan's finance minister media he w

the nikkei tumbling more than 3%. japanese exporters sold off sharply as the yen hit a 18-month high against the dollar. and in europe, the ftse also

the nikkei up 1% in the first few minutes of trading. the nikkei kicking off positive on hopes of more stimulus measures by the government and also, a weaker yen after having hit 18-month highs last week. now the focus today will be on three sectors, if you will, the energy sector, the high tech sector and banking shares we've been covering that of course. we'll follow energy related shares. we saw brent futures rose to a six-month high above $49 a barrel as goldman sachs had the glut and oil supplies reduced earlier than expected. now, japanese tech sector and component makers may rise today. that's after apple shares jumped nearly 4% on the back of a massive steak of around $1 billion taken by investor warren buffet. also check on banking shares after japan's biggest bank said it's net profit fell 8% in the last fiscal year and central bank's january adoption of a negative interest policy will likely push down loan rates, thus squeezing profit margins. other banks are pretty much in the same boat there. ai? >> ramine, the dollar yen co

half percent gain in the nikkei the day before. 1.4% decline overnight. osses in hong kong down 1%. and shanghai down .3%. >> nikkei managed to eke out a slight gain on the week. keep that in mind. of course started the week better than it's ended it. >> also in earnings season a lot of even bottom line misses. i think about 60% of the companies that have reported in japan have missed. >> and toyota was jus -- over the last couple of years they have been benefitting from the weaker yen. oil prices have had a strong weak. we're off today. 47.8 for brent. the dollar the broader index is up today. weaker against the yen. the nikkei suffered in the face of the stronger yen today. not too much movement against the euro and the pound. also a quick look at gold prices. how is gold shaping up this morning? it is in the green and up half a percent, 1277. >> today's top corporate story. and this is a big deal. apple investing $1 billion in didi chew shiuxing the deal comd speculation. the company has hired automotive experts and although the firm says it is looking

the nikkei average finished up 1.1% closing at 16,652. the index closed higher two sessions in a row and the topix also gained more than one percent. oil developers followed strongly following rise in crude prices, rising more than 3%. apple suppliers are in demand after it was announced that investor warren buffett purchased a $1 billion take in the phone maker. on the flip side, one of the biggest losers was japan steel works. it shares were down nearly 8% after reporting a net loss of over $150 million for the fiscal year that ended in march. the nikkei gained but we saw a fair amount of caution by investors. includes japan's gdp figures on wednesday. >> phoebe, thanks very much for that. >>> moving on to other markets, the shanghai composite was off 25% closing at 2,843, lingering concerns over the country's economy continue to weigh on sentiment. taiex at 8,140. apple parts suppliers after buffet announced purchasing a $1 billion stake. singapore jumped 1.7%. indonesian shares dropped down a fraction following a weak earnings report f

the nikkei news say the many slump $45 each month. 51%.ing mitsubishi motors has lost half of its market value since the scandal emerged two weeks ago. the company says its very existence a be at stake. sharp is cutting 2000 jobs for management and battery operations. their new honor, fox,, is looking to change the company. they post an operating loss of 1.6 billion years -- dollars, but it could be as high as 2.3 billion. south korea got more than expected, shipping smartphones dropped 2.4%. imports are the same as last year. the traded ministries and says the global slowdown and lower oil prices will make export conditions difficult in may. and global port operators say they avoided a hard landing in china, but growth despite economic conditions. they rely a geographically diverse markets. they expect a return to growth in some european markets, and china remains a challenge. >> we are in china, many locations, jintao and others. you have to understand, china, china's biggest challenge in my opinion is cost. we are ranging 20% in labor.

just to show you the best performer on the nikkei, by 6%. is is after it went to $174 million, relating to the fuel testing scandal. investors seem appeased they are getting clarity on what this will cost the company. in shanghai, the market is down by 1%. that is actually a three-month low. reallyseeing crude price weigh on transportation companies, coming under pressure sending that market lower, hang seng coming after lunch break down one third of 1%. you can see the strong performer, up 2.5%. that is of course as we saw brent hit $50 a barrel for the first time since november. australia looking pretty good, up high one quarter of 1%. new zealand came through with a budget today, its stock index is up by 6/10 of 1%. we have seen the key we fall against the dollar, one third of 1%. you can see the regional index, weakness coming through from telcos, consumer, and tech stocks. the gas sector really supporting the overall half a percent gain as we see the crude price supporting. a lot of the energy players in the region also doing a lot of th

the nikkei fell .25% to close at 16,106. that makes for a weekly loss of more than 3% for the two days that the nikkei did trade this week. the broader topix lost.1% on friday. sharp was down 8.5% after media reports that the struggling electronics giant will likely post a $2.8 billion net loss for the fiscal year ending in march. olympus, the precision instruments maker lower by 4.6%. takata tumbled 8.6% on continuing fallout from its faulty air bags. takata is recalling an additional 35 million to 40 million air bag inflaters in the u.s. the nikkei's recent slump has been triggered by the dollar's rise. the yen's strength continues to weigh on investor sentiment. >> thank you for the report. >>> moving to other markets in the asia pacific. shanghai composite dropping 2.82%. 2913 for the closing number there, the sharpest one-day fall in more than two months. analysts say resource related shares fell on recent volatility in the country's commodity market. sydney advancing by .25%. 5292. hong kong's hang seng slipping by one

overnight in asia, the nikkei is managing to turn a little higher at the moment. the shanghai composite a little in the green. european equities, this one interesting to watch. a couple cross-currents to watch. german dax down 1%. france's cac, down almost 1%.

the nikkei in japan up about the same.g down and the cost in south korea down 1%. the cac is the worst of the bunch. down a quarter of 1%. lauren:.features some 47, s.b. work on the down 10. nicole: but they would only list doing. down 39 and gold is up about $9.5. a look at the latest from the world of sports. the oklahoma city thunder rallied in the fourth quarter to beat the san antonio spurs last night. take a three games to two lead in the western conference semifinals. russell westbrook had 35.11 rebounds and nine assists. westbrook's seal the victory with a three-point play with six seconds remaining. oklahoma city can close out the series thursday in game six at home. in the nhl playoffs, the leak would still be the washington capitals 43 overtime. when the series four games to two. played tampa bay in the eastern conference finals. in baseball, chicago cubs beat the san diego padres last night for their eighth straight wind x innings of three run ball. chicago improved to 25 to six for the best start by nature the

nicole: despite better-than-expected economic growth in japan, the nikkei index down fractionally. shanghai composite down 1.3%. nicole: oil prices holding steady overnight. right now down 11 cents. >> a massive fire outside of scranton central station causing major disruption for commuters. the latest on the situation and if you can get to work today. nicole: big retail results take center stage for investors if we will hear more from home improvement giant most of a big-box retailer target and we'll tell you what to expect. nicole: lauren: the cleveland cavaliers rolled over. major league baseball disciplined 14 players after the wild are all during sunday's texas and toronto game. nicole: at his 5:31 a.m. in new york.

they are leading the gains on the nikkei. we been talking about it all morning. th that it has raised its dividends, there are positive signs for its sprint division. it coming through for the auto mers as well. up 5.5%. you can see the gold players and energy players tracking high. all in all, a much needed asian. a rally for investors. we have seen the southeast asian index on its longest moving straight. actually down to 10 sessions in a row before today. taking that baton and rushing with it. rishaad: thank you. jumped, despite the consecutive losses. -- he saysing to they exceeded targets. eliminate 6000to jobs by the end of 2016. >> we have done 4500. so we are 50% into the target of the end of the first quarter. so we think that is progressing. we had a target of $1.4 billion for 2015 of the net savings. we believe we have done more than half of that. we are confident we will meet the target. they expect to see better revenue and targets from their south asia operations in the next year. bad loans a number of in india, but they have made the bulk of the cha

the nikkei. on the back of a stronger yen.nd word from g7 officials over the weekend that japan is not on board if it has to with the yen spooking. gaves in hong kong barely. declines in shanghai. commodities weak overnight. the dollar was stronger. that played into the trade. chinese stock playing down 0.75%. and we saw better gdp number. final read out of germany, faster on investment growth. germ german dak is up 0.5%. an perhaps lending support to u.s. futures in early action. waiting on german gew sentiment for government business due out any minute. >> exactly. we'll bring you that when we debt it. oil prices still pretty resilient. up near $50. but they are moving just south a little bit by 0.5%. 47.8. the dollar, of course, continues to be in focus. a little bit of divergence as to what it's doing, agency you cs . it was weaker against the yen earlier in trade. but that's flipped around in the last couple hours or so. 0.3% move higher. the pound showed strength again. 1.4540 at the moment. gold prices, less bring that

the rise in price was the nikkei. the dollar-yen rates so em to be steady and behaving themselves. so we broke a six or seven-day losing streak for the nikkei. not a great deal of conviction on the markets right now. underlying sentiment still fragile because of the external picture remaining sluggish. back to you now, guys. >> sri, thank you for the update. we'll look at the early european trade as well. europe in the green quite significantly as you can see. the dax up almost 2%. france up 1.25%. italy is in the red because the italian banks are underperforming after the bank of populare said it needed to do a capital raise. let's also have a look at the currency markets this morning. we saw the nikkei turn in a good performance because of the yen weakness. and it's broadly a u.s. dollar strength story today also, but the euro is moving down a little bit. the pound, however, getting some strength but not too significantly, 1.4452. >>> the massive wild near in canada has consumed 400,000 acres and continues to rage. b

that's after the nikkei said that u.s. regulators plan to push for an expansion of recalls that are already the biggest in automotive history. new reports of recalls were widened to all vehicles with air bags with the substance in order to stop deterioration. it would impact 100 million vehicles worldwide. a u.s. justice department criminal investigation into jpmorgan's hiring practices in asia. the bank admitted it is facing inquiry by the boj and fcc in a regulatory filing on friday. resources said in 2013 regulators were looking at whether jpmorgan violated antibribery laws in china. the bank hadn't named the agency until now. it is cooperating it says with the investigation. well, more stability has been seen at chinese factories. that implies further stimulus may not be needed at least for the time being. what do the latest pmi numbers tell sinus >> not exciting. 50.1. better than contraction. it shows the conditions or the sentiment is improving or is above 50. that means improving. below 50 more pessimistic. it had b

we are focusing on the nikkei today. started to see the yen rebound and australia coming off of those eyes that it saw yesterday driven down by the a number we have had of commodity players fall even that crudeave seen price higher. just checking out what is driving that shanghai market down by 1.1% on the open. features were suggesting a selloff but not that tune. we will continue to monitor that in the next hours. just want to share some of the stocks that we are watching today. we are talking about takata searching. haveard and bridgestone disappointing -- driving the nikkei down. bridgestone has fallen the most vittorio to has forecasted 35% net drop after a fourth quarter is also looking of course and mitsubishi -- waiting for mitsubishi -- casio computer, the biggest drop on the broader after forecasting a profit below estimates just looking at some of the australian stocks. has surgedleisure after bumping up his profit forecast. myer coming forward. and westpac -- dividend. a lot of movers coming through in the re

for now, the nikkei and the topix trading in the positive. back to you. >> thanks for that update. >>> a japanese government survey shows that employees at one in five companies are working unreasonable hours. their amount of overtime exceeds government set criteria and that indicates possible health risks. the labor ministry conducted the research in december and january. more than 1,700 companies responded. it shows that 22.7% of the firm said some of their workers put in more than 80 hours of overtime a month. the government sets that number as criteria when it determines cases of death caused by over work. big companies with more than 1,000 workers nearly 57% said they have employees exceeding the guideline. by industry, telecom show the highest rate at more than 44%. research and technology service companies 40.5% and the transport industry over 38%. ministry officials say they will conduct more surveys and tighten supervision over the i.t. transport and other industries where the number of cases is particularly high. that's the latest i

the nikkei dipped below the 16,000 level for the first time in three weeks. for the details we go to our business reporter at the tokyo stock exchange. >> reporter: the nikkei fell 1%. it was the fifth straight session in the negative. the index more than a thousand points. broader topix fell more than 3%. it touched the highest level against the dollar since 2004. the exporter toyota lost 3.8% and murata tumbled more than 13%. the company projected softer earnings for the current fiscal year citing a higher yen shares fell 7% at panasonic. sonny down 4% after it reported an annual loss. but ana holdings doored 2.5%. tokyo will be on a holiday for the next three days. returning to trading on friday. >> giang, thank you. >>> moving on to other markets. let's take a look at south korea. declining.80%. manufacturing data out of china on sunday was weaker than expected. dragging down shares in south korea. let's take a look at australia sp 200. 5242 the final number. many other markets in the region were closed for holidays, including shanghai, hong kong, taiwan

this is a gauge of expected swings in the nikkei. n there and it has increased the gap between the nikkei volatility and the vix index in the u.s. the yen driving a lot. look at the yen. 106, the as much to strongest level since october of 2014. it has a raised the day's advance now. 106.47. still, the yen has strength. currenciesong g 10 here meanwhile, we are seeing dollar weakness. it weakens to its lowest level in almost a year, falling for third straight session p look at the impact it has had on gold. the dollar just drives, boosting gold. gold holding near its highest level in about 15 months, closing in on the psychological $1300 level. hedge funds have been missing the party somewhat because they have been cutting their holding by the most since they turned bullish in january. guy: thanks ray much feared let's turn our attention to a deal that will not be done, halliburton and baker hughes calling off the merger. we have more on this story. slumping oil prices, probably not helping the situation, either. >> they haven't. situ

tuesday's closing levels, the nikkei added more than 2% to finish at 16,565. the broader topix gained more than 2%. shares of exporters were higher on the weaker yen, they included toyota and panasonic. some earnings figures also pushed up stock prices. mitts beeshi motors was up almost 2%. the company plans to compensate customers for possible losses due to the automaker's fuel efficiency data scandal. takata's shares tumbled more than 7% on the possibility of an additional recall of air bags that it sold in japan. tokyo shares outperformed the rest of the asian region. >>> thank you. moving to other markets of the asia-pacific region. the shanghai ended a fraction higher. 2832 the closing number. many investors still concerned about china's slowing economy. share prices in the philippines. meanwhile, advanced one day after the election there. up 2.6%. a wide range of shares were higher following news reports that rodrigo duterte will be the next president. the hang sang up .4%. as x200 gaining by .4%. banks saw gains but resource related shares ended lower on

that's helped the nikkei. panese stock market rebound just a bit higher. .4%. >> and towards the bottom of the nikkei toyota reported disappointing results. of course the stronger yen has been weighing on losses. now 2.5% in the red. >>> broader markets. the international energy agency said global oil supply rose to 96.2 million barrels in april. the iaea expects something. oil is up again following strong gains yesterday. 3.5% yesterday and do keep that in mind because we had strong oil yesterday. we had weak dollar yesterday and yet we had stocks off significantly. so usually those things have not all occurred. ed to the collar little more mix. you can see the strength against the yen. the dollar a little softer against the pound -- no i'm sorry. stronger against the pound and against the euro but not too significantly. basically flat. good look at gold as well. a new report from the world gold counsel found global demand soared during the first quarter. gold is off a little today. big factors yesterday we me

the nikkei index sliding a quarter a 12:45%. in china the shanghai composite sliding 2.7%. lauren: after two days of gains let's check oil, $44.27 down 0.1%. nicole: the raging fire in canada burning an area the size of new york city as canadian officials begin airlifting people to safety. lauren: the shares rocket after charlie gasparino reported the government is close to ending its investigation. nicole: a triple overtime thriller in the hockey playoffs, the game ended a few hours ago. find out who came out on top at the kentucky derby. we have the odds on favorite to win. nicole: it is 5:01 am, friday, may 6th. your first look at what is moving into the markets, the latest breaking news, what to expect for the day ahead. >> paul ryan is not ready to support donald from. >> not ready to do that at this point. i hope to. what is required is we unify the party. the bulk of the burden on unifying the party comes from our presumptive nominee. nicole: republican national committee chairman rights priebus has a meeting with paul ryan. >> donald trump and paul ryan our meeting

but for now the nikkei and topix trading in the negative. back to you. >> ramin, thanks for that update. we'll touch base with you in a few hours. >>> the race is on to develop driverless vehicles, including buses and taxis. japanese government officials say they are going to give the green light to public transport operators aiming to go driverless by 2020. that's the year tokyo hosts the olympic games. the officials say operators will be obliged to take full responsibility in the event of accidents. the companies will also need to have systems that monitor their unmanned vehicles remotely and stop them when problems arise. the officials plan to amend the road traffic law and study other measures. they'll also call on would-be operators to start test runs on roads in special zones designated by the government. >>> virtual reality may be the next big thing in video games. vr technology uses computer graphics to immerse the user in a virtual space. analysts say the market could top $10 billion by the end of the decade. and japanese companies

it was the fifth session in the row the nikkei average gained ground. for the details we go to giang nguyen at the tokyo stock exchange. >> shares in tokyo got off to a bit of a wobbly start. as the dollar rebounded many investors picked up export-related stocks and the nikkei climbed almost 1% to close at 17234. the five days of gains made for the longest winning streak since last november. index reached a five-week high. for the month of may it posted a 3.4% increase. the dollar has gained more than 4% in one month. fed chair janet yellen suggested that u.s. interest r rates coul be increased in the coming months by helped boost the greenback. the relativelyy w weaker yenen boon for export-heavy shares. toyota and mazda both higher 1.8% and 2.7%. panasonic rose on the shift away from making lcd panels for tvs. shares down 3.6% to hit the highest level in a month. inpex g gained for another day oil prices climbed. many market players are watching for the latest manufacturing index for china due out wednesday and an opec meeting thursday. they will be lo

. >> the nikkei is higher away from a near one month low topping a six session losing streak. it supported investor sentiment. the nikkei added about 0.7% finishing at 16,216. the broader topix gained .64%. ihi climbed 3.8%. toshiba added 1.35% as a conglomerate announced a top management shake up in a bid to shore up public confidence after an accounting scandal. seven & i holdings is up the president wants to outgoing chairman as an advisor. investors welcome the decision. >>> the china's worse than expected trade figures brings fresh concerns over the country's economic slowdown. we'll get more how they're doing with china's inflations numbers on tuesday. >> thank you. >>> moving on in china the shanghai tumbling closing at 2832. worries over state of the country commodity. looking at hong kong index up by a fraction. despite a plunge in shanghai. >>> look at the markets singapore advancing by 1.3% finally snapping the ten-day losing streak. sydney ending in gains. investors picked up related shares in higher fuel prices. >>> here is a look at some of the other business sto

the nikkei fell more than 0.9% to close at 16,498. the broader topix lost .9%. the dollar-yen pair was at a one-week low at one stage. they weighed on exporters. kubota underperformed 4.3%. toyota and mazda were lower and toyota was hit by the recall of an additional 1.6 million vehicles in the u.s. equipped with faulty takata air bags. meanwhile there are reports that nissan is considering selling its 40% stake in auto parts maker to fund research and development of electctric vehics anand other technology. the news sent shares of calsonic tanking. this week investors will watch revised gdp and the speech by janet yellen on friday. >>> thanks very much for that. many investors throughout the region traded cautiously following the comments from some u.s.-fed officials. seoul's kospi index pell by .9%, closing at its lowest in nearly three months. singapore also declining by .6%. in china the shanghai composite declined by .8%, 2821, snapping two days of gains. lower commodity prices hit resource related stocks. the hang seng gained by a fraction, 19,830 as the c

sg >> the nikkei average edged higher. the gains were capped as some investors moved to lock in profits. let's look agent the closing levels on wednesday, may 11. the neat okay added 0.08%. the broader topic lost 0.04%. toyota announced results after the markets closed. its shares fluctuated before ending down. suzuki climbed 4% at its net profit increased 20% on strong sales in india. sumitomo soared after it posted a rise from profits. softbank group was up as it saw a profit of more than $9 billion. they had strong domestic operations and cost savings at its u.s. subsidiary sprint. japan display had a loss of $290 million for the year that ended in march. the supplier saw sales dented by sluggish demands for iphone. as we continue, investors will keep their focus on company results and as well as the movements in the japanese currency. >> thanks very much for that. moving on to other markets in the asia-pacific region. the shanghai composite was up. the food and pharmaceuticals sector saw gains. analysts say many market

the nikkei gained 200 points but later on profit-taking kicked in. looking at the closing levels on thursday, may 19th. the nikkei 2225 finished plat at 16,646 and the topix fell .14%. on to individual reports. suzuki motor admitted on wednesday that it didn't use a government-authorized method for gauging fuel economies of its vehicles. the company stock fell sharply after the story broke but on thursday went up 3.5%. over on the energy sector reports in the rise of crude prices took a toll on sentiment. oil developer impacts fell 6%. commodities took a hit as the dollar gained strength. overall investors remained cautious in trading. they will turn to the g7 meeting of finance chiefs starting on friday where currencies will be a major topic. >>> phoebe, thanks very much for that. >>> most other markets in the asia-pacific region ended lower. hang seng down by .7%. singapore declining 1.3%. soured by the minutes from the federal reserve's april meeting suggesting a rate hike may come in june. into china, the shanghai composite declining by a fraction

in general, because of a good move for the nikkei. ad the japanese finance minister once again saying that he's willing to intervene if the yen strength continues. after saw the yen fall. and you can see hong kong and shanghai basically flat. europe has seen positive tiffity. despite disappointing output data from germany. markets have some rugged that off. we're looking at 1% gains for most of the markets. banking sector is doing well after credit suisse reported a gain. shares up 5.5%. albeit still down 40% over the last year. the bond yields falling over 10% over six months today after they get near to a payment of existing bailout deals. at 7.1%. >> debt relief until 2018 with greece with terms as a somewhat bridge compromise wean the imf and germany on opposite sides of the issue. looks like we've got resolution. greek bonds are rallying. and rebound with the storm can it last? dennis gartman, founder of the gartman lett wti is still below 44. you would think, with some of the supply concerns out of canada and wildfires, i heard a

the nikkei up .4. hong kong having a good session ending a decent week in asia. europe more mixed today but coming to the end of a very very strong week in europe. so taking some profit. not too much of a surprise. particularly that we are awaiting that speech from janet yellen. over the week the stoxx europe 50 is up 3.6%. so those declines of about a quarter percent in perspective this morning. >> the broader markets we just mentioned the dollar. strength in the dollars part of the reason for the slight pullback in the oil markets. we are seeing dollar's strength against the euro as well as the against the yen. against the euro 111. against the yen 109. against the pound 146. >> treasuries look at interest rates this morning. the 10 year seeing a yield of 1.82%. of course, we'll see how duffyish or hawkish her tone this issen afternoon in light of recent hawkish fed speak and look at gold. a slight pullback this week. although today for gold it is up just slightly at $12.23 an ounce. >>> wrapping up the week with a pair of public reports and more. we get the fin

let's look how the nikkei and topix is topping off. the nikkei ended down half a percent due to a firmer yen. they took in the surplus as well as verbal disagreements following the g 7. another negative is the slump in iron or prices which hit ten-week lows. australia or for delivery to china for example was down $3 a ton or around 5.4% rising u.s. dollar also weighing on commodity prices. a strong dollar makes commodities more expensive if you're holding other currenciec. cautious mood seems to be holding a pattern over global markets. we'll see how it develops so far. >> ramin, you mentioned the dollar. tell us where some of the currencies are trading now. >> the dollar yen has come back a bit. let's look at the levels now. you can see what i'm talking about. 109.31. janet yellen will speak on friday, which also coincides with a second reading for u.s. first quarter gdp. now anything above the first reading of 0.5% growth would increase investors' expectations for a rake hike sooner rather than later. oil, prices have been a major dr

the nikkei average managed to snap two days of losses after overnight gains on wall street. et's go to giang nguyen at the tokyo stock exchange. >> following robust housing data out of the u.s., gave a boost to shares in tokyo. the nikkei added more than 1.5%, finishing at 16,757. that's the highest close in four weeks. the broader topix was up 1.2%. sony soared more than 6% despite a weaker than expected earnings outlook. investors chalked it up to one-time losses from the kumamoto earthquake and focused on the company's long-term growth prospects. energy sector shares are advancing after benchmark wti and brent crude futures jumped above $49 a barrel. two companies were up both more than 1%. companies related to domestic consumption also gained. furniture retailer nitori rose 5% on strong sales in may. the operate of of the emoji brand jumped 2%. and fast retailing was up 3.9%. now, the focus will be on the g7 summit. we'll see if any coordinated action comes out of the meeting to keep the rally going. the summit starts on thursday. i'm giang nguyen reporting from the tokyo

idea.ave no the nikkei does not look like it withstand much more. ion, it is more by the macro economy than the exchange rates. it makes exporting a little less competitive. back, andiving japan it must go there, is a shortage domestic savings. fthe cover-up deficit is so big, they have to do some interesting. as the population gets older, they are joined down tom: -- -- trying down there savings. say, 5-6 days ago on the yen. there is dollar strength in the recent rollover with the dollar, weakness, and recent strength we have seen. is this a currency war? >> it is not strictly speaking a currency war. we have right now a lot of people blaming the currency for other things that are happening. people in europe like to see a cheaper euro. there withoutis regard to the currency. the currency is facing on the cake. tom: quickly, dx why, are you longer short dollar? >> more short than not. i actually like cold. tom: what is your target on m cold chuckle >> you are talking something close to 1500 easily. tom: we will talk about that here. coming up, we co

in your headlines, the german pmi, and the nikkei slumps 3% in asia. depressed demand. italian banks tumble. forcing the country's rescue funds to step in. >>> deutsch bank is in the spotlight as controversial documents warn of failings in the money laundering processes. >>> and a merger abandoned. amid opposition from regulators concerned about competition. >>> hi, everybody. good morning. happy holiday here in the u.k. and it's a bank holiday today but stuff is still going on, nevertheless. we have data hitting the wires right now. the eurozone factory growth. 51.7 versus 51.5 in the flash estimate, 51.6 on the march final reading. the march final pmi and the eurozone march output prices 47.4 versus 47.7 on the flash estimate, the second lowest reading since 2010. so the manufacturing pmi edging up to51.7%. they're cutting their prices to the second deepest rate since 2010. factory growth weakening in april despite the fact that we've had pretty heavy discounting going on. the euro dollar 1.14. we were looking at a much lower euro dollar. we have a guest in a half hour

you touched on it but the nikkei on monday broke six straight days of losses, which had actually seen it fall around 8.5% in that period. however, with the rise in dollar it helped sentiment among key exporters but an analyst pointed out the dollar remains stubbornly at low levels against the dollar and yen and that may eat into a lot of the profits or earnings reports from japanese companies coming up with earnings reports this week, especially and that may even offset some of the strong sales that we've seen so that's going to be a big focus. >> so taking that into consideration, tell us where the dollar yen and key currency pairs are at right now. >> the dollar yen is interesting. in fact, it's retraced around almost 3% from the 18-month lows set last week. if you remember it was trading around the mid 105 yen levels. look now 108 spot 42. i want to touch on oil prices, as well. crude had risen on disruptions in canada's oil sands region but we saw it reverse and slip around 3.5%. now wti is also suffering so will definitely keep track of energy and oil related shares today. now li

this morning, over in asia, we got a slight gain for the nikkei, just barely. ed like we were going to continue the rally that we saw in yesterday's session but asian shares did close smaller. shankly closing up fractionally. as for the early action in europe, we've been watching the banks and resource companies very closely as they're closely correlated. we are seeing declines, 0.5% in germany, more than 1% in italy. and in spain, we're watching the price of oil very closely. that seems to be the driver of yesterday's trading action, that bullish action that we saw in the u.s. with all factors closing higher. >> yes, jc deceaux, the advertising company down. let's look at markets as well. oil prices, again that correlation very much remain, yesterday, that was strong, up 2% as it were equities. today it's down as u.s. equity futures. wti 44.13. down 1.2%. a little talk that oil entered its golden cross when it goes above the 100 to 200. we'll discuss that later in the show. does it mean anything for equities. the u.s. ten-year at the moment, moving around a lit

you'll see that the nikkei was up 1% as well. similar gain for the hang peng. by a quarter point. biggest gainer looks to be the ftse up by .75%.

to peer lauren: today, the japanese nikkei up 1.1%. the shanghai composite in china and that the session slightly lower. nicole: oil prices ignite the stock rally with crude oil back above $48 a barrel. this is the first time this year. 4779, up 7 cents. lauren: news that the canadian oil sands have been evacuated as strong when stoked a huge wildfire in alberta. we will have an update for you. train to a site to watch day, definitely home depot. we'll find out how the home improvement is faring. lauren: the golden state warriors beaten by the oklahoma state and run their own quarter. in the msl playoff from pittsburgh penguin msl playoff comebacks for penguins tied with tampa bay at one game each. highlights coming up. nicole: 5:01 a.m. in new york. we welcome you to "fbn:am," the

g7e disappointment after the failed to yield any sort of accord. picture, nikkei 225 down by over 1%. strength creeping up and that is weighing on sentiment. hong kong up by about 4/10 of 1%. the banking sector all doing quite well. elsewhere around the region, we have inflation numbers coming through from singapore a little bit later on. australia and new zealand off their session lows. weakness coming through from oil and gas. oil continues its retreat on the back of those comments from iran saying they would not participate. we are seeing weakness across basic materials, led lower by the iron ore miners. outperforming.ks this is a tie one story. -- taiwan story. angie: we have some breaking news coming out of vietnam. that is where president obama is making his three-day visit. we have a trade deal to tell you about. boeing said to be nearing a multibillion-dollar jet order from thvietjet. we will track president obama's visit here in the region. over to japan were exports fell for a seventh consecutive month due to the stronger yen. imports also down. the larg

and in japan the nikkei was up sharply earlier in the session. the weaker japanese yen, some talk of fiscal stimulus there but it sort of sold off into the close and managed to close higher by a third of 1%. >> the point to add with china is that the steady firm data the last couple of weeks has been a little softer. something to keep it on. yes, shanghai is up. over the market the shanghai market is down 8%. something to keep an eye on today. but steadily get iting lower there. >>> the german dax is down 1%. in france down three quarters a percent despite oil higher. >> the dax is closed with the spanish market down 1%. europe not following suit. thankfully, the u.s. futures are bucking the european trade. a mixed performance for the dollar today, nothing too significant. the euro is up about .10%. the yen is down .10%. and the pound is basically flat, 1.4353. we'll look at gold prices quickly, also gold currently in the green today up .80%. >>> oil is the big story right now with prices rising. long-time bear goldman sachs now says the market h

the nikkei, the yen driving the nikkei up by .8%. to show you some of the energy players in hong kong as well. morgan stanley downgrading cnook and petrol china. they are coming under pressure in the early session, but we will keep watching those. we are seeing the share market pierre back a little on that. here are some of the other oil producers we are watching in the region with the oil price at a two-week low. on the off shore, we have seen risen. has ut the offshore chinese up slightly. a pick-and-pop up coming through in the aussie dollar and chinese equities on though those numbers. back to you. >> thank you for that. rishaad: a 2.3% read when it came to the consumer price index. that was bang in line, and produced a negative consumer price index for the 50th consecutive month. just slightly better than expected, looking for a negative 3.7% and actually getting one of 3.4%. that is what we had there as well. 10:34 a.m. in pyongyang, north korea. michael kim -- jean-claude this r -- this is the scene in pyongyang. he has been l

the nikkei 225. for mitsubishi to start training. it probably won't. e's so many buys in the system on that stock. keeping the daily limit there. elsewhere we've seen those earnings from toyota and bridgestone disappointing. a little bit of the which have coming out from new zealand. basic materials also firmer. having a quick look at the yen it is somewhat's weaker against the dollar. manus: you can get everything you need for the rest of the day's news at our brand-new digital destination. tailor-made for the middle east. our reportsh all of and interviews and special content. only available online. rishaad: singapore airlines feeling the heat. carrierson from gulf hurting it. dhabitional bank of abu to talk about the issues it is facing with funding. ♪ manus: welcome back. national bank of other david is the largest lender in the united arab emirates. that missed analysts estimates. higher provisions and lower investment gains. let's talk about the bank the dhabi.ges for a bugatti you have escaped a little bit of a major blow. is can you to you reall