Risks. Xi jinping isdent firmly in control, the message. Haidi a rate rise seems all but week, janet yellen warning danger if the fed acts too late. Risk aversion in this first trading session in asia. 30 minutes away from the open in china and hong kong. Looking at how those markets are digesting policy announcements from the npc. Rishaad the first time asia has had a chance to react to what janet yellen is saying. Sophie kamaruddin is having a look at the movers. Sophie quite a bit today. Korean stocks, the rosalind the kospi falling, Consumer Services falling over 1. 6 . A number of players falling today. Rising upperks are 1 . The kospi is asias worstperforming index and asia this year, falling nearly 5 . Hanjin we do havehanjin shipping on the decline over 21 . Hanjin shippings u. S. Creditors sellin given the nod to stateside containers. The judge overseeing the hearing rejected hanjins claim that it still had equity in the containers. In tokyo, the nikkei 225 slipping as the yen
John cryan will speak to us at 8 15. Car consolidation. Psa is said to purchase gms european operation for 2 billion euros. And passive aggressive. Standard life is to purchase Aberdeen Asset management as the etf industry drives fees lower and lower. Howdy will because cuts have to be to make these businesses competitive . Matt we are less than 30 minutes away from the european open and take a look at futures, down across the board. You saw u. S. Markets down as well, the cash trade there, asian stocks as well. European futures are following suit. I think more interesting is the bund trade right now, maybe it is a rebound. We saw such a huge spike in yields on friday, up to 0. 356 . But now yields are coming back down and investors are getting back into european debt, 0. 343 on the bunds. Guy lets take you to the gmm. I want to focus on the second column. I want to show you the japanese yen. It is up this morning. This is because of what is happening in north korea and there is a safe