We will look at chinas been on north korea and coal. We breakdown chinas trade data as soon as it comes in. And singapore looking ahead with budget announcement to do later on. From sydney we break down the latest attorneys from the minors in australia. In new york world we will be discussing krafts surprise withdraw from a merger with unilever. And a deal for bank of americas boss. 20 million for Brian Moynihan. Coming daybreak asia from the u. S. And asian headquarters, im betty liu in new york where it is just after 6 p. M. It is just after 7 a. M. In hong kong. A pretty mixed day for markets it seems on this monday. Japan trades will be the one to watch at this hour. And they will be focusing on global trade in the next two hours today. With two former trade negotiators joining us. Betty it is interesting we are talking about all of this at a time when trumps lieutenants call them are out and about in europe and asia trying to appease everyones concerns about what exactly the u. S.
In four months, Accounting Practices are coming under scrutiny. An informationof request should not be seen as an indication that laws have been broken. Think onow what you twitter rishaadtv, dont forget to include trendingbusiness. China markets under way in 30 minutes. Singapore, taiwan, and malaysia coming online. We have a look at what is happening so far. Sevenweek lows, now two week highs. It is a lot more positive momentum coming through across most markets in our region. Malaysia down by a 10th of 1 . The ringgit stronger against the dollar. Singapore, up by 7 10 of 1 . The regional index supported by gains in japan despite a rebound from the yen. The regional Index Holding a twoweek high. Back of the fed expectations that we could see a rate hike early as next month. Members all can assure overnight, signaling we could see 23 rate hikes later this year. Australia down to tens of 1 . New zealand up by a third of 1 . I want to show you a story weighing on sentiment in new zealan
Is that the market board. How is the start of the week is shaking up . We could be looking at the start of another rally in asia. The s p 500 ending at its since november, a correlation between that rally and oil and that rally in energy stocks, pushing up u. S. Equities for another week. Lets take a look at how things are shaping up in asia, strong gains from the aussie dollar, asx 200 up. Servicesomes to oil firms, badly beaten down. Online,e, just coming upanese stocks, nikkei 225 by one and 3 10 of 1 . Strong out of the gates. Some sense ofing up lifting sentiment when it comes to Capital Spending in japan. Kospi also up by 7 10 of 1 . It is the oil story we are keeping an eye on. These currencies up by 1 , for example the aussie dollar. 0. 7561 at thethe moment. Lets take a look at the move in crude oil in the asian session. That trading at just over 40 a barrel mark. In january, we were hitting 12year lows. We have seen crude rally some 40 since then on these expectations that we
Fireworks expected, but having said that, tokyo up by 2 . It is sitting around 113. Pretty good gains from exports, as well as the banks. Shanghai up i went and six cents and six tenths. Just taking you through some of the movers we are seeing this session. We are looking at banks when it comes to the china session. We are seeing a little bit of weakness, pressure coming. Reports to the pboc, chinese regulators are encouraging inks to pick up banks to pick up debt. We are seeing gains coming through from energy services. Parsons in sydney, of by seven and 3 10 of 1 . Of at 31seas, news billion purchase of property assets. That stock is up by 3 . Kansai electric down, 1. 75 . Just taking you through the aussie dollar, training at. 75 at the moment. This is the highest point we have seen from the dollar from july of last year. Rishaad thank you very much. A heat of pressure on the leadership in china as they try to meet this years growth target, which is at least 6. 5 7 . And retailsales
Beefed up in october. Their they saw their biggest gain in three year. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Plenty to get through on todays program. Well continue to travel through eastern europe. Karen is today in budapest where she speaks to the government about return to growth. Well find out why a village is hungarys solution to its subprime crisis. Shipping, selling potatoes, potatoes, its all in the speculation for samsung. Well discuss that at 10 40 cet. And what does matt davis, voters in india, the carrot and a socalled tech lash all have in common . Its the world in 2014, of course. Well speak to the editor of the economist about what he thinks is in store at 10 45. Finally, jcpenney is the latest retail giant to report numbers today. Well find out if holiday discounts will show up in the shortterm and end up in tears in the long run. Join us for that at 11 45 cet. If you have any thoughts, questions, comments, anythin