Welcome from our asian headquarters here in hong kong. Japans economy looking slightly stronger for the First Quarter. that one point figure looking in the bit better at better than economists were expecting. We broke the numbers last week. It was rising 1. 4 in the First Quarter from the previous quarter. Suggesting here that the Business Sentiments were stronger than previously thought. Slightlynsumption rise in the quarter. Theres still a lot of headwinds coming through for the japanese economy. When we talk about this current account balance, it dear thierry it quite a bit. That is weighing on japan. Pointing to some positive growth even after you subtract the first percentage point contribution from this leap year affect that we did see. This probe has been mainly driven by the fact that we do see this rapid reduction in real imports. That is not necessarily a good sign of good growth. Of course, with this sales tax ite being postponed now, lowers japans growth trajectory in 2016,
Singapore, malaise yarks taiwan and the philippines looking quite good. Korea holding on to gains from yesterday. Weakness coming through on the nikkei 225. We had the First Quarter g. D. P. Numbers coming through in line with what the market was looking for. We have seen japanese stocks if you cant. That is due to the fabblingt that we are fact that we are still seeing some weakness. Down. 5 . Still an hour to go in the morning session. Weakness in australia. Down. 2 . Just want to do a quick check on the aussie dollar as we await these dollars coming through out of china. Leaving rates on hold yesterday and the yen continuing to strength playing into the equity market. Through 107, 106. 76, rish. Rishaad we have a survey, Bloomberg Survey expecting more signs of stability but perhaps indications of weakness. Still waiting for the numbers to cross. A little bit delayed today. But youre wait. Were going to see maybe a return to a little bit more weakness. Is that the right way to put i
At 50 plus per barrel. Angie were still waiting for the latest chain the latest trade date out of china which was expected an hour ago. Bloomberg is expecting a 4 decline. Nothing really to watch. Waiting for the customs administration. An hour ago, we were expecting the numbers. I am speculating a little bit here, but tomorrow and friday are holidays in china. This is not as absurd as the but waiting for godot, it is not uncommon for them to delay these numbers. Expecting a 4 decline, the second month in a row of declines, yearoveryear, after the march aberration, where exports suddenly leapt up. February was the lunar holiday the Lunar New Year holiday when many factories were closed. Get intoe starting to a more normalized trend. 4 down in u. S. Dollar terms, expected. We have to look at it in yuan terms as well. Expecting a third month in a row of increases. That is also moderated a bit. 1. 5 was the consensus estimate by economists surveyed by bloomberg. Lets see where imports are
Topic in the technicalities involved in the topics that people definitely recognized that this is a threat and this will only become an increasing threat as we move into a more interconnected digital age. We can talk about the internet of things or all of our devices Start Talking to one another, driverless cars. As we put more stuff into the cloud and are connected to each other that increases potential areas that can be attacked and we can continue to grow and Leverage Technology for good that we have to begin with security and how we protect that information. Guest another issue you have been active on congressman is something called the arrangement. Thereve been talks recently. Administration officials have gone to vienna and tried to list some of these export control restrictions for cybersecurity countries that have you done any update on how those talks went and is not what would you like to see as the ideal outcome . Will would be the final thing you would like to see happen to
I did emphasize its a uk decision but also the United Kingdom will want to listen very carefully to all of the constituent nations into these other ministers and parliaments in setting up negotiation we want to carry on. As for this issue of Free Movement of people that were before the next Prime Minister and government and parliament to decide but i in no doubt that this is a difficult issue. Its a difficult issue inside the eu were you of all the ability to change things. It will be even more difficult for outside if you want access to the Single Market to secure change. But nevertheless, thats the challenge. I explain that was my reasoning of the referendum. It was this coming together, concerned about Free Movement combined with a sense of control and sovereignty and i was reset as the result are i think economic case for state and was very strong but if we want to make this work whether out or and we are to listen to people and try and find a way through this. The Prime Minister,