Hello from sydney where it is past 8 00 a. M. We are two hours away from the open of asias first major market, reacting with the remarkable developments in the French Elections. Betty that is right, setting up the Runoff Election in a few weeks. It is just after 6 00 p. M. In new york. We will be looking at how all the action on wall street is going to play into the asiapacific trading day. The top story today, we mentioned and time zero, immigrant Leader Marine Le Pen is against the untested Emmanuel Macron for the presidency of france. Earning20 with macron 22 . Withois fillon came third another up forth. The markets, quite a dramatic day. Gaininghere was lots of out of different scenarios, what would be worst to the market, manageable. How would you describe this result . I would say it is manageable for the market, especially the reaction from the euro, reaching a fivemonth high against the u. S. Dollar. Remember results are still being counted, so we could see Emmanuel Macron taki
Coming to an end, partial deal with abu dhabi could be announced later. Rishaad reaching for the stars preciousraces on for resources in space. Lets get to the here and now. Its all about that French Election. Having a look at the reaction to this, 10year treasury yields screaming higher, 2. 3 , the euro moving above a 200 Day Moving Average against the yen. Asdo have more clarity perhaps not a populist leader coming through in france. That could allow mario draghi to do something with his tapering program. ,urther momentum for the euro bullish gaps from a technical standpoint that need to be filled at some stage. Also looking better when it comes to the boj as they head into their policy meeting alongside the ecb this week, governor kuroda getting rest fight respite with pressure , driving asian equities higher in terms of price action in japan. A sigh of relief for the markets that we have this progrowth, proglobalist options going into the election in france. The pboc governor has s
High. Peugot is lining up candidates to replace its ceo. And shares are down 4 in shanghai after fridays pipeline explosion and the death toll climbs to 52 people. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. A warm welcome to the program. Were one hour and one minute into the trading day in europe. The up side as you can see. Nine to one advancers outpasz decliners and a little bit more on the dow jones stocks 600. Weve had seven weeks of gains in the United States. Low oil prices are benefitting risk asset a little bit. Nikkei 2. 25. Up 1. 5 . Shanghai composite down a little bit. Hang seng is fairly flat. The ftse last week was down 19 points,. 3 over the course of the week. This morning were up half of 1 . Zet tre dax is up threequarters. Fresh high. Currently trading at 9,000. French car maker is doing well. Prospect of changes as we say at peugot. French car makers were the significant share in iran. If theres a chance of restricti
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