it is thursday, the 8th of april. welcome to worldwide exchange. the headlines today, here in asia, as the u.s. treasury secretary tim geithner heads to beijing, china warns of the pit falls of a stronger yuan. in europe, ba confirms the merger of the biggest airline. and maybe the third time is a charm. us airways and united are reportedly in merger talks. hello. i m christine tan in asia together with ross westgate and nicole lapin. it is 4:00 p.m. here in singapore. let s get a quick view of where asian markets are trading or have closed the session today. a bit of a correction going on, as you can see. some fears of high interest rates in the u.s. prompted profit taking. some investors cashed in on some of those efforts. the stronger yen is really hurting the exporters. the shanghai composite down 0.9%. the hang seng is off 0.3%. elsewhere, in south korea, the picture is looking brielter. the bombay sensex down 0.8% and the aussie market down 0.5%. i want to take
rates. in europe, we have a plan but we just can t share it yet. the eu finance ministers say they agree on how to help greece if need ed, but they re keeping the details to themselves. and here in asia, china vows to keep its currency stable and says the u.n. is not responsible for the trade surplus with the yuan. very good morning to you. welcome to worldwide exchange. i m nicole lapin in the united states where it s just after 5:00 a.m. in the morning in the i d. the dow and the s&p turned around earlier yesterday with the losses in the beginning part of the day to eek out some modest gains. dow futures are up about 6 above fair value right now. s&p 500 futures are basically flat but, of course, louisa, all eyes are on the fed today. i would absolutely agree with that. nicole, good morning, by the way, here in europe, it s just past 10:00 a.m. in london, excuse me, 9:00 a.m. in london. 10:00 a.m. on the continent markets. let s check out and see how the european
welcome to worldwide exchange. china tells president barack obama not to make an issue out of the yen. meanwhile. and in the state, the autopsy is complete, the cause of death determined, a startling new report out about how lehman brothers hit its woes as the walls came tumbling down. hello. welcome to today s program. we just got news out of the iea. they see 2010 oil demand resuming trend growth. they ve slightly revised up the growth on oil demand on china, as well. we have seen nymex up to 89.22. matt, we were talking in a meeting. you ve been down at nymex all week. and the traders, of course, have been surprised by the strength. why are they surprised about this? well, i would say it two ways. one, they re surprised only because the underpinnings of the economy don t feel as strong as they might think. but as traders, they use their heads and they say, well, you know, we can for technical reasons push the thing higher and they re willing to do that trade. but
welcome to worldwide exchange on cnbc. in the headlines, in asia, the sensex jumping after india s finance minister promises to bring the widening budget under control at today s budget speech. here in uch, the eu tells europe they must cut its budget by 4% this year. and experts say don t cut on growth to carry this year. happy friday, everybody. i m nicole lapin in the united states and also in the uk. let s get a quick check off where the asian markets are wrapping up their day. mostly positive. you have to remember that a lot of these markets have been heavily told down in the past two sessions. the shanghai composite off 10.3%. did bound higher, but didn t meet the expectations of the brokerage over there in china. the hang seng getting a little bit of a record, i should say, on the back of earnings news on the likes of china unicom. a small rally, i should say, investors getting a little bit of a relief on the back of that late session rally we saw on wall stre
and welcome to the show. the headlines today, a friday in asia, shanghai stocks have their first weekly gain in four weeks ahead of the week long new year lunar holidays. here in europe, the german economy fails to accelerate in the fourth quarter, but france shows better than expected growth. in the united states, investors will be hit by a blizzard of economic data today ahead of the retail sales ahead of a long holiday weekend. and welcome to worldwide exchange. i m christine tan here in singapore. it s 5:00 p.m. here in the city. let s get a quick view of where asian markets are trading. we know taiwan and india are closed for public holidays. to trade is a little thin. a lot of people are light ahead of their positions because of the week long lunar holidays coming up in china. the nikkei 225 up 1.3%. the kospi closing marginally lower, 0.3%. the hang seng at 0.1% lower. the shanghai market up 1.1%. a lot of optimism there ahead of the lunar new year holidays. t