Waste of time and he is going to do what must be done. And even though some of the major markets are closed, investors are going to keep eyes on simmering tensions in north korea. We are going to get the Hong Kong Survey for the Fourth Quarter out of japan. Theyll get a glimpse of how businesses are feeling about the economy. You were just mentioning the top of the headline about shinzo abe and his prospect. Represented by the blue line here. That certainly has benefited exporters. Recentlyn see, as of we have seen that. With thehat has to do Dollar Strength we have been witnessing. We are going to look at how businesses field. Sincest monthly gain february. Losing a it of speed wrapping up the Fourth Quarter on friday area we see record profits from japan. Here is how we are faring so far in asia. Not a whole lot of action with markets in new zealand kicking things off. Down a fifth of 1 . Strength easing on this monday. We are seeing up a fifth of 1 . Looking for a slight improvement
We had these purchasing managers indices out of china. Gauge, fiveyear highs the unofficial passion days,n manufacture slipping to 51. 6. The prithe deficit that has from the official one. We have some of these large firms distorting things. Large firms are feeling bullish. So. L firms less tailored toa move shore up the economy. Pboc announcing it will reduce the amount of cash the banks must hold in reserve. The economy where it has been scarce. Its not the only pmis we have had. The few places in asisa, asia, the markets are trading. Most closed for a public holiday. Pmi in japan. Haidi we had the pmi data from the nikkei business morning. We had japanese stocks building on gains. Boding well for corporate warnings in Japan Corporate earnings in japan. We we ending higher and sellingng for seleign for chinese stock g for ringgit stocks down. Is sliding except for the hong kong dollar. They could be under pressure given the retreat we are seeing in oil. Falling after setting the two
One china policy should be tied to trade. Prices, this Historic Deal to cut output. Oil jumping over 4 . Jumping to the highest since july 2015. Saudi arabia signaling it is ready to cut output more than agreed, while a nonopec countries including russia agreeing to pump less. Sophie we will have more about that deal in a bit, 30 minutes away from the open in china and hong kong. Singapore, taiwan, and malaysia coming online. What is going on in the oil patch . Game inhere is only one town, and it is demolishing every other safe haven. Gold retreating, bonds falling, all on the account of renewed Risk Appetite after the meeting between opec and nonopec members. Saudi arabias surprising the markets, saying it is willing to cut more than pledged. Russia and other noncartel members coming on board as well. Stocks, oil Energy Stocks leading the gains. Energyheavy markets like a straight up, the nikkei 225 getting that double boost, oil majors leading gains, but the impact of a weaker yen,
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.
And this is part of it. We sent airmen, marines to deploy our notice ends they want to take care of their families. We are going to have to cut some programs. We i him him him him him him. This is a fantastic question. When we get together come our conversations dont start, we are talking about our plans and we talk about soldiers and airmen, marines, guardsmen, we talk about the impact on the families all the things that are important to our people. A the problem is that 31. 5 million manhours overload workforce is awfully tough to mitigate. That is where we need help. We cannot control that. Now, the other thing that i mentioned is that the workforce is someone else we should have been keeping track of. They havent had pay raises. Now we are going to take 20 of the fiscal payraise. This is an important part of what we do, not just in this active department, but in the guard and reserve as well. I have been to a number of air force installations and there have been air force calls up