Front of the new congress. She hints at any rate hike in the next few months. And shares in toshiba nosedive yet again as the japanese conglomerate faces a 6 billion write down. It is Asia Business report. Good morning, asia. Hello, world. Markets have been buzzing overnight as the head of the Us Central Bank said an Interest Rate rise could come as early as next month. In the sme annual testimony to congress, janet yellen set of hawkish tone, saying it is unwise to wait too long to hike rates. Financial stocks in the us lifted. The broader s p index closing higher for a fourth consecutive session. This is how asian shares are trading in early trade on wednesday. All in positive territory. More analysis in a moment but that hear what she had to say. As i noted on previous occasions, waiting too long to remove accommodation would be unwise. Potentially requiring the fomc to raise rates rapidly which could risk disrupting Financial Markets and pushing the economy into recession. At our u
Player in the space race. And as always all the market action. It was another record setting day on wall street. Stay with us, well tell you why . Also in the programme, finding a Diamond In The Rough well meet the woman whose company is turning waste into energy. Lloyds of london is banning drinking during work hours. Today we want to know, is the liquid lunch a thing of the past . Is it ever acceptable to drink during the working day . Just use the hashtag bbcbizlive. Welcome to the programme. The eus top economist, pierre moscovici, is visiting greece today to talk about the countrys debt problem. Hes trying to break the deadlock over the release of a further bailout. Athens and its International Creditors have been wrangling for months over the issue, and failure to Reach Agreement has spooked the markets. Yesterday it was revealed that the Greek Economy unexpectedly shrank in the last three months of 2016. So what options does the country have . Greece is now under increased press
This is the second hour of daybreak asia coming to live from bloomberg. Im in hong kong where it is just after 8 00 a. M. We knew the fed may be a factor today, and it was in the markets. Janet yellen surprisingly not surprising the markets with anything different except she did not back away at all from rate rises this year. The markets as we talked earlier more hawkish that the rate rises might come earlier than expected. It was interesting. It was a different story anyway. It was a tell him that she delivered it. Trump or not we are going to raise rates. Much what has gone on here in the markets in asia, lets see how things are kicking off in tokyo and seoul. Know,pondent as you well it is not what you say, it is how you say it. This. Looking at these are the levels where we start off our trading session. 24. 44 you also have inflation coming in slightly below estimates. Dollaryen, 114. 50 was your high. One, a little higher than expectation. Fallingr cured see i am currency i am fo
Medical leave is weighing on stocks. Beatingand properties expectations, the largest stock showing that resilience despite weaker earnings. It is 4 00 a. M. In london. Bloombergcome to markets middle east. You mentioned those earnings in asia. We are seeing not just earnings, but what has happened in the u. S. The dollarmy index was a gaining before. It is sharing those gains in the asian session. We are seeing others gain as well. Crude losing 7 10 of 1 . U. S. Is showing expanding stockpiles. Treasuries in sovereign debt markets in asia following u. S. Treasuries lower come as saying singapore and new zealand, rising there. Yousef, we are bracing for round two of janet yellen on capitol hill. Yousef absolutely. We are seeing interesting movement in terms of expectations for Interest Rate entries. Lets show you our favorite function, which shall use those you thosehows expectations for a march hike. We were 24 . Now were at 34 . We will continue to carve out this fascinating conversat
Joints this program to talk about athens, the imf and the eu. Is his country headed for another crisis . And asian giants in crisis. Samsung toshiba thanks again. Risk on the companys profile. Matt, half an hour to the cash open in europe. Lets walk around the world to show you what is happening. Yen is softer. Showing a markets little dollar strength. Not a big move, it is in gray on my gmm. Youre not seeing a big move. The euro and the dollar index kind of on the flat line this morning. That tells you a lot about where risk is today. In terms of what we are watching in europe, another indicator. We are not really expecting much in the European Equity market open. Pricing that the stocks 50 will open up by less than 1 10 of 1 . What are we seeing in the bond market . D yield pickup. Nn it is an interesting trade, we will keep an i on it. Political risk running through todays session. Talking about Political Risk, matt is in munich. Matt, why are you in munich . Really, as we head to a