Edwards. We will be joined by manus cranny from dubai. Let us get to the risk radar can the last 24 hours or so. Todays show brought you by the city of vienna. On the opec front and the ecb. Putting aside for one moment, let us have a look at the asian session. The nikkei to do five down by 1. 9 . It was down at one point by more than 2 , looking for the biggest drop around a month. And that is amid the wildly expected stimulus package by abe. Level, towards that 109 perhaps more again strengthening this morning. A host of factors in here. Here, boj,ax news in resident risk, all of that working its way to the japanese currency. And we have about her index in there for you. Down two cents, and the page veryovernight, a keyword, often used in that report, 23 times mentioned in just six pages. Setting up the jobs report tomorrow and the meeting on the 15th of june. Let us to the bloomberg first word news. Here is Rishaad Salamat. Trading for a fifth day, opec ministers meet in vienna to d
Dubai. Breaking news. Anna from the clothing retail sector, lets get straight to those numbers. Better than estimates the best way to summarize in terms of q1, 705 million euros, better than the estimate of net profit, firstquarter sales just a touch ahead of the estimate for the first quarter. They are saying that sales in 1 to juneose 15 may 13. And looking at the number, that is coming above estimate as well. Many, thene of the Global Presence is perhaps insulating the company from tougher sales backdrops that they might been seeing in various individual countries. But i would not stop some negative fx implication, we performance of weak performance that they cannot but better numbers, than estimated. Let us turn to the brexit question, manus. The Eu Referendum on the 23rd is just eight days away, marking them off as my calendar goes. We have a series of charts illustrate how the market is looking at the story right now. Manus we have. Look, no doubt about it. Let us talk about a po
Let us get to the state of the overall markets right now. Despite the dreadful attack in turkey, the markets are focusing elsewhere it seems. It seems amoment, relief rally we saw yesterday seems to be broadly intact. Let us have a look at that. We will have more on turkey later in the show. In terms with the market is doing right now, volatility has pulled back as the clock continues to tick on the brexit story. This is the s p 500 and the nikkei volatility indices, both taking down. Yesterday, slightly more risk entre in the market. Are we expecting too much, for a little bit too much in terms of what they can deliver in the wake of the brexit result . We will have a look at that as the weeks and months unfold. Looking at the risk radar, underlying we are in markets right now, the msci asiapacific bouncing very strongly, 1. 7 higher. It has now recovered almost half of what lost in friday, which is interesting. The gold price is also up. Do not be under the impression that everything
The best bull market as investors await the doj decision. Declinestraight month in exports. We were looking at 11 . The most all is report asked for 9 . Its better than every single report out there. Is the ninth straight month of decline. Japan is not exporting to its Major Trading partners. How really it is a global wide problem as well for japan. Japan at the bottom of the heap here. You just look across the region. Its almost a global wide problem. You have everything but the u. S. , emerging markets, not running on all cylinders. When you look at the import , we have a graphic that goes along with this. The price of oil has contributed. A lot of this has to do with the drop in oil. The orange line takes you from 110 at the left side of your screen down to 40 at the bottom and right about 45. Of course, japan is importing a lot of its energy needs. Which is why we hope that this too shall pass. If the price continues to fall from here, it will not pass for a while. Angie yeah. Repo
Todays yuantching facing after a report questioning its status as a safe haven currency. At todays top stories and tell me all about it. Follow me on twitter rishaadtv, and include trendingbusiness. Hong kong, shanghai opening in 30 minutes. Others coming online. Starting things off with a record highs. Lets go to the new zealand market, up by. 50 , a solid session last week, no holding on to alltime records. Kathmandu up by 2 . Out there. G a switch session,lia, a solid 8 10 of 1 on the asx 200 despite volatility and weakness in some of the commodity contracts. stocks leading the way, whitehaven up by 5 . A boost as iting announces its shots 500 stores. Weve had the japan trade data better than expected, the nikkei 225 by. 50 . Theyen weakening to 106 to dollar. Adding. 2 5 kospi after a lackluster session on friday. Taiwan, singapore, and malaysia joining in the buying as well. Certainly looking like the risk on rally in asia is continuing, even though analysts have been saying the r