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from the asia-pacific to new zealand we are seeing losses this hour. lower on that1% disappointing chinese data. retail sales. right now you re seeing a decline in about one third of 1%. also counting down to the openings in australia. futures are pointing to a slightly lower open. plus including being in the second cut from the royal bank of australia. dropping to record lows. after that chinese data over the weekend. let s get over to japan tracking futures trading at chicago. we are seeing signals pointing to a lower opening on monday. japanese yen is still range bound. watching out for producer prices for april. we will break that to you when it comes. is the story disappointing data from china over the weekend that highlights the challenge facing policymakers trying to reform the economy and cut overcapacity. how bad do things look? in march we saw a slew of positive data. some would say this is a corner has been turned. the reality is that industrial output and pr ....
faulty takata airbags. they missed estimates by 34%. alibaba is kicked off an anti-counterfeiting group, amid questions of the platforms and worries about a conflict of interest. alibaba says it must be part of the global fight against fake. to let us know what you think of top stories, you can follow me on twitter at @yvonnemantv and do not forget to include the hashtag #trendingbusiness. singapore and malaysia have just come on a line online. how are they digesting this data? juliette: yes, we were pointing to a next session. that is certainly what we are seeing with the ppi numbers coming through the japan, the yen is weakening so japanese stocks are higher and australia due to the fact that we see good movement in base metals on friday. elsewhere, there is data coming through across the board, singapore and malaysia coming down online, all down between .1% and 0.2%. the chinese economic data coming through on friday, affecting across the board. markets up without ....
a-share market in shanghai. we saw transit companies under pressure on friday. we are seeing export company sold off today as well. .2%. down doing better than the morning session, but it is a solid session in japan, up .8% as we see the yen weaken against the dollar on reports that shinzo may beales tax raise delayed. australia, pretty flat with a mixed bag in terms of commodities. the philippines up .6%. we have been watching these up .7%n the telco space, on the open. having a look at the offshore renminbi in terms of currency, the pboc has weakened the yuan fixation to its lowest level since february 2011. we can see a little weakness in the offshore renminbi, down by .2%. the weakness coming through in the yen as well. japanese equity is holding at its lowest level in a month. elsewhere, we are seeing the won and emerging-market currencies being sold off against the dollar. this is playing into the kospi, but really a story of dollar strength. the market is trying ....
consumer sales in japan showing slight improvement. shinzo abe considering postponing the sales tax rise. 0% growth, this is a beat. this is a beat when you are flat numbers on month. ago, we saw an optimistic message on abenomics. g7, he was grim when it came to the global economy, and these retail sales not looking good. we are still in negative territory for on year figures. flat, month figures economist expecting a 6/10 of 1% drop. now slightly back on the downside. more evidence about possibly another stimulus, a postponement in the sales tax hike. haidi: is that the only option remaining? what s going to happen? more people joining in this conversation, and aide saying japan needs to hold off to sustain its recovery. we have no other options, he said. this is after we heard that warning coming out of the prime minister. this is signaling that he is going to be possibly pose putting this tax hike. i hate decline in revenue that would threaten the goal of abenomic ....
retreated on friday from the seven-month high after data showed that u.s. hiring fell to the lowest in him a six years in may. the dow jones industrial and nasdaq also fell. we are counting down to the open in australia and japan. futures in australia looking like this, a slightly higher open. economists are expecting the rba to keep interest rates at 1.75%. , whereet over to japan the latest gdp numbers come out on wednesday. futures trading in chicago pointing to a lower open. 6.72, it is pretty strong against the u.s. dollar ahead of brexit. .wo markets to tell you about u.s. treasury secretary jack lew says china is moving in the right direction on the yuan, but needs to improve its monetary policy communication. he spoke to bloomberg in beijing where talks are due to start later today. tom mackenzie is there for us. what exactly did jack lew say? good morning. the u.s. and chinese side will be meeting in a few hours on the outskirts of beijing. it was a wide rangin ....