westpac in focus after its flat results. the bank sees the australian economy slowing in 2019 because and softd which growth housing market. softbank is in the spotlight as its relationship with saudi arabia is under scrutiny. looking at the agenda, the boj meeting minutes for october do later this morning. pmi data from china and gdp figures from indonesia and trade from malaysia. we will get numbers from hong kong, singapore and the philippines after a series of disappointing asian pmi. that could add to expectations we will see the world economy shifting into lower gear. a rethink told see the downside. haidi: taking a look at the asian hangover ride, event risks abounding this week. let's get you caught up with first word news here in singapore. haslinda: the u.s. army has begun building a new camp at the border between texas and mexico to house military and security personnel as thousands approach the country. more than 7000 active troops have been ordered to border areas in texas, arizona and california. they are not b

westpac were saying 1.32 could be the next target over the weekend.here do you see it going now that they have made progress in the but still with the house of commons? >> there are many steps ahead. to look at what is the market pricing, you need to look at long exposures short domestic u.k. place, which are still doing well. on, theis trade is market is pressing on. with some reversal in terms of the trade, and obviously the other way to look at it is the myo-pound, which finally move, and some pound strength. your ace -- manus: your base case is we don't end up with a hard brexit. that has consequences for the boe. the market at the moment i my by my reckoning is only pricing in two hikes over the next three years. ,f your base case plays out with the boe need to be more aggressive? powder inpt some dry case of not a deal happening. if the deal happens, they have some leeway. this will need to take place in the global picture. the monetary policy, there is a big question. either there is more global weakness coming in and they might say state dovis

australia's largest bank by assets commonwealth bank has levy as are other australian lenders like westpac and a z some lenders are moving to paris some to amsterdam and some to germany's financial center a frankfurt that's where swiss multinational bank u.b.s. is headed and to. and to help us out on brics that and the big loss for london we're pleased to once again be joined by the c.e.o. of straw mark henry ford which welcome hilary thank you good to be back ok so i my favorite and i should say this i guess the story was not the u.b.s. going to frankfurt but the city traders who are going to hold the center of they don't want to go to that i mean i think frankfurt but they want to go to paris that's right and i understood what you make of all well bank of america also they go to paris and i think that's rather interesting for american street leaving london to go to paris that's not only that all but i think a lot of it isn't new this is spain happening and the reason is i think we should take a big picture sort of back to you here which is theresa may if you remember was one of the remai

reaction to get westpac's disappointing result. taking a look at what is on the agenda, we have meeting minutes due out for october. we also get pmi services. later today, we will get gdp numbers from indonesia, along with trade figures from september around midday. thank you so much for that. let's get you the first word news. do you on dusty was army on the border between the u.s. and mexico -- the u.s. army was on the border between the u.s. and mexico. ordering era -- area in texas and arizona. sterling is seen as sharpening it the u.k. can reach a deal with the european union. rallied nearly 2% last week on reports of a financial services come even though officials denied it. recent election setbacks. berlin to plann finding a new leader when angela merkel steps down. she is giving up leadership and will not seek another term as chancellor. indonesia has ordered an official investigation as they -- the search enters an eight day. eighth day. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700

westpac abandoned their call here on sterling and credit agricole says, expect a lot of flows.le bit away from the start of the indian trading day. banks are under the spotlight. nifty projected to the of by 0.3%. yvonne: we were watching how this is going to fair when mumbai opens. moody's downgraded the lender to junk. you see the dollar bonds dropping by a record, almost two cents. dropping as low as 89 earlier. we will watch what happens. rishaad: also looking forward to a dinner party on saturday night in argentina. the first word news with paul allen. paul: sterling weekend as theresa may launched her brexit tour on signs it will be in the singlet difficult for the deal to pass the house of commons. the prime minister is said to have caved in to pressure from parliament. may had wanted a straightforward take it or leave it debate. new zealand central bank says it will relax mortgage lending restrictions as the housing market cools. banks will be allowed to make more loans. the required down payment will also be lowered. biannual financial stability report says it expects