we will see if investors like westpac's report.ian equity futures, all higher on friday's rallies in the u.s. in europe -- and europe and reaction from macron's win. asian traders get a first chance to react to the trade data. gainat japanese futures, a of over 1% as the thing is trading the lowest in seven weeks, but signaling weakness on the eve of the presidential elections in korea. looks like a positive monday for aussie stocks after the commodity story fell. pick up in the week of a brutal selloff and oil coming back above $46 a barrel after dropping to a near six-month low last week, $44. that helped push the bloomberg index higher by the most in a month. that reflects. we are watching australia, japan, and korea. moments from now, a lot to look at monday morning as we kick it off this week. a lot of elections to look out ♪ >> a new era starts now, macron wins the french election and promises to heal divisions. defeat butxcepts says the vote was a success for the far right. muted reaction in the markets, traders had already

paul: westpac will be quite pleased with $4.2 billion, up 3%, net income $1.9 billion.idend is $.94. .he critical margin, 2.70% where we are seeing those, it is narrowing down in the past week and we had national australia bank. both of the banks shares sword. -- soared. we expect household credit growth to ease with the results as the house price is slow in australia. will be interesting to see that. haidi: and in the media sector we are seeing moves, announcing a pretty massive job cuts. it could be waiting in the wings. paul: tpg, not the internet company, the other, is having a deep merger with fairfax, which would break up the media growth that has sold for tested for 176 years. the sydney morning newspaper, amalgam,alent of the and the domain name for fairfax, not showing much. streaming dentures and regional tapes. this will the bulk of their assets. saying playing it calls the review of the indicated proposal noting the values of the company at $.90 per share, fairfax trading at $1.06. they are saying there is no certainty this will result in an offer or what th

westpac would say the market is not prepared for any possible outcome. ooh-pooing thisp poll.wrote it is based a unsafe policy. this is causing quite a stir. guest: we know it is much closer than people thought a month ago. it is looking as though conservative leaders are, that creates uncertainty and if you get people saying that could be a hung parliament, i would have thought we go straight to 120 if we do end up with a hung parliament back to the worst brexit type fears that we saw a few months ago. manus: just for a moment let's just challenge that. the worst possible scenario for possible the softest scenario, one has to deliver for a coalition in a hung parliament. which it not lead us to the hardest of brexits. guest: it leads to uncertainty and how honors would we negotiate if you have a hung parliament where you cannot form a proper majority? mp andsumably have the brokers in that parliament, i do not know. once there is uncertainty that has to be negative for investment conditions that has to be negative. manus: one of the stories was the rise of the ftse 100 in ter

westpac advising clients to sell the dollar against the basket comprising the euro, yen, and loony. not just political turmoil, we also have weaker economic data, both those elements somewhat punishing for u.s. assets. curve,falling across the the 10 year yield the lowest in two weeks. attract the 10 year treasury yield against the bloomberg. the u.s. economic surprise index has been falling. i talked about the dollar versus other currencies. ,ake a look at the euro political risk is being priced into the u.s. and out of europe. surge, still above 111. the highest since the u.s. election and this is where it is versus the market forecast for the year in. a new edition of daybreak is available on your bloomberg and on your mobile. let's look at timeout -- some of the top stories that it made it into today's edition. president trump's controversy, according to a memo from former fbi director james comey, donald trump ask him to shut down the probe into michael flynn. market reaction to the news, u.s. equity futures are lower this morning. treasury yields also tumbled. the yen and gold

see a move in the euro and we understand the deeper implications of that, something we pick up with westpacof the world, there is a growing gulf emerging between qatar and saudi arabia. this is bloomberg. ♪ >> the following program is a paid advertisement. that are out there driving recklessly, causing accidents and driving up your insurance rates this is a show about car accidents. classic cars, and the hd mirror cam. personal security camera for your car. accidents caught on

westpac says it sees resilience and good prospects for the australian economy and expects house pricewth in the biggest cities to slow. groupd: china's hna behind the sale of a $500 million stake in standard chartered. omura dispose of the one point 6% stake after the conglomerate increased its position in deutsche bank. is the biggest shareholder and europe's largest investment bank. numbers wouldshi reflect a 30% sales drop in its rating scandal. the nikkei reported revenue may have fallen 15% on global vehicle sales. south korea alexa new president tuesday with the kospi resilient in the face of rising regional tensions and corporate scandals at home. the vote and how it will affect the outlook for korea and a sense of the mood on the street there as well. it is less than 24 hours away for south koreans to head to the polls at 6:00 a.m. on tuesday. the mood on the streets is optimistic. was the epicenter of months and months of protest for the ouster of president park. supporters of the candidates have been around this area effortning, their last to gain support. i saw earlier the