From the asiapacific to new zealand we are seeing losses this hour. Lower on that1 disappointing chinese data. Retail sales. Right now youre seeing a decline in about one third of 1 . Also counting down to the openings in australia. Futures are pointing to a slightly lower open. Plus including being in the second cut from the royal bank of australia. Dropping to record lows. After that chinese data over the weekend. Lets get over to japan tracking futures trading at chicago. We are seeing signals pointing to a lower opening on monday. Japanese yen is still range bound. Watching out for Producer Prices for april. We will break that to you when it comes. Is the story disappointing data from china over the weekend that highlights the challenge facing policymakers trying to reform the economy and cut overcapacity. How bad do things look . In march we saw a slew of positive data. Some would say this is a corner has been turned. The reality is that industrial output and production and retail
Salvog firing the latest in the smartphone wars, unveiling its galaxy s7. Virtua reality is the new growth partner. Follow me on twitter. Dont forget to include the hashtag as well. Stocks having a little bit of a bounce. Rally the biggest weekly in four years. Japan reversing declines. A lot going on. Heresnne yvonne. The nikkei off session highs. There could be boosted sentiment in equities. Overall, we are seeing, we are still down 5 this year despite the best week weve had since 2011. We have paired back from the losses, but we are closer to being flat on the regional benchmark. The big news, the head of the Securities Regulator in china, has been removed from his role. The government really taking action here after last months stock market rout, which did lead to that suspension of the Circuit Breaker system. Analysts say someone had to bear the responsibility. We will see how that reaction is. Bankormer chairman of as will now replace him. Hsbc earnings are out later on today. Lo
They. Hey or wont we are taking a look at where we are sitting ahead of that midday break. Hong kong shares sitting exactly flat caps on high gain back as shanghai gaining back earlier gains. We had the worst Weekly Performance last week or china. Take a look elsewhere around the region. Up 1. 5 . The nikkei up by 4 10 of a percent. Sales growth were the surprise on the upside. The 200 down by just about 3 10 of 1 on account of a bit of a selloff in commodities prices. We are seeing on this last trading day in november. Rishaad dollar, euro, pound, the yuan is heading to the top table. Yvonne has been watching this for us. Someone say it is a done deal it is a done deal that could be a surprise . Yvonne some are worried is a conditional yes and the pboc was the fourth to try to relax controls. Are they going to be widening that trading band by 3 4 . Weve also seen it coming in the past few months over how it ranks in terms of its share as an official reserve currency. It is ranked seve
Eu to thing president is on the move. But we are trying to think our teeth into the first full trading a week of the year. David ingles is discussing this further. It is going it is going to cost the index, so we are starting this new trading year slow, things are quite light. Just give you a picture of what is moving up, our top three, and our bottom three percentage gainers and losers, so that is what you have in australia, the nikkei is up and the 119, the 120, that is what we have in the top three quarter, and then taiwan, singapore, and malaysia has the bottom three, but again, i of fairly company in our data out of japan, out of china of course in china come you had those manufacturing leads and quickly checking in with the euro, it is below 119 when we opened up so this is the lowest level in give or take about nine years, since about 2005. The euro in 2014 had its worst year in nine years. We had some comments from mario draghi who says that we cannot rule out the risk of infla
Just a tad about the threshold of 50 there. What is leagiding decline . Manufacturing, the of Singapore Bank of singapore. The telcos are low. Shanghai is resuming where it left off. Obviously the 1. 3 another 1. 3 for the index. Quick check, i mentioned shanghai continuing oil is also continuing. Crude, about a dollar. We have bread 80s and slower . 80 lower. Production in russia. A postsoviet record. Direct exporting direct exporting 92 iraq exporting 92. 9 barrels a day. You are looking at 80 a barrel with a long list of brokerages that currently forecast have cap forecasts. Reduce the upside for longterm investors very do see upside for longterm investors. Checking in on futures, a change from friday, we were down four points. Back on track, 42,000 four the benchmark. A drop to the lowest it has been since 2006. Ecb will they wont they . It was flagged up for december but nothing happened. It caused a sharp in the markets that dr sure in the markets. We are clearly expecting a Big