left in asia s once a dominant commodities trade off. kong markets are getting set to come back online after the lunar new year long weekend. chinese markets are still away until thursday. we take a look at what is going on in the hong kong stock exchange. in terms of a handover, not much of one after that stellar performance by asia shares on a monday driven largely by japanese equities that had their second best day of the year. we saw a little bit of a failure to extend those gains in the european session. we are also seeing u.s. futures trading down as well. let s take a look at where we are moving in terms of markets. a big week when it comes to markets. it over to sophie for a look at how things are going. ie: as you pointed out, u.s. futures are declining. taiwan and a vietnam also closed for the extended holiday. the nikkei and topics snap a topix snap amb three-day climb. seoul, and for decline. in kuala lumpur, stocks are sliding after a five-day bend. we will see
this is the second largest market in the world. obviously when the president of the united states says something, everybody listens. francine: and building bridges. theresa may prepares for her first meeting with the incoming u.s. president. what will the so-called special relationship look like in 2017? this is bloomberg surveillance . i m francine lacqua. with me this morning, hsbc s global chief economist, janet henry, and stephen isaacs, head of the investment at alvin capital management. we will speak to one of the city of london s is known economists, roger bootle. that is in half an hour. first to your markets. china s offshore yuan falling the most in a year to pair a weekly rally. mexican peso climbing after the central bank sold dollars. european shares falling a touch. asian equities next. the all-important monthly u.s. jobs report and oil declining a touch. straight to the bloomberg first word news. here s sebastian salek. sebastian: the offshore yuan has paired
let s spend a couple of seconds thinking about the beautifully written speech that president obama said it was an historic speech and it really important one. tom: and some controversy on both sides. did you see the headline come across the bloomberg from prime minister abbé? many young americans died in the war. that is an extraordinary headline to see the president and the prime minister with the memorial behind them. this is deeply emotional from my childhood. that is not a church. although it has bordered on a religious moment. hiroshima hall, arguably one of the great world heritage site. just extraordinary to see this moment. i was caught by the president speaking of a terrible force. we know he will meet with for survivors of that 1945 bombing. get to the bloomberg first word news. ine of president obama hiroshima. historydent obama made moments ago in japan, the first sitting president to visit hiroshima. the president placed a wreath at ground zero. he said the bom
francine the clot in london, tom keene in new york. francine lacqua in london, tom keene in new york. this is a pretty punchy move because we have a new central bank governor. i do not know whether you will have a rupee board that it is extending gains. it will be interesting to see the global disinflation and deflation. this will be a back story at the imf meetings coming up today. francine: this is my repeat chart. it is going to be one of the stories we will be following very closely. this is the date date chart for the rupee. 6.475, gainingt 0.5%. more on that rate cut but let s get to the bloomberg first word news. taylor: theresa may wants to change the relationship between the government and london s financial services industry. according to senior officials see will just she will refuse to give priority to banks after the u.k. leaves the european union. the have dismissed demands for an interim deal. things have gone from bad to worse in u.s.-russia relations. the
in new york. time in five days, we are in the green. and jim glassman joining us at 8:30. where are we now? it is a good question to ask on a thursday. francine: it is, and we will look at emerging markets. here is natural. nejra: britain is going to the polls, london will elect a new mayor. financed his own race through the republican presidential primaries. now that he is the presumptive nominee, that will stop. they will raise money for the general election by supporting two people familiar with the plan. top aides suggest trump may need a billion dollars. in turkey, resident erdogan has won a power struggle that sent financial markets plunging. the prime minister is expected to step down this month. the two clashes between have undermined confidence in turkey s market. russians will create three new divisions, about 30,000 soldiers that will be stationed in the western and southern military districts. nato is expected to send troops to poland and the baltic state. forced