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and facebook, and china h and a on a looming cash crunch. the level of debt in china. yvonne: some breaking news right now, south korea inflation in january looking soft, we see a 1% year on year estimate month-to-month numbers edging lower at 4/10 of 1%, it seems the inflation looking to be getting more soft. inething we do get to see the fourth quarter because we start to see the base effect starting to unwind and the stock currency weakness it is certainly playing into that inflation picture and it is essentially confirms the analysis that that be ok should bok.on hold in the meantime, inflation here looks like it may be picking up pace. that that statement mentioned economic growth and economic conditions might mean further gradual rate increases and too many that meant interest rate hikes coming faster than expected. i want to pull up one of our favorite charts it is wirp, and it shows interest rate hikes near almost 100%. rate hike iner march, and cert ....
potatoes. this is bloomberg markets: asia . haidi: small potatoes. investors have been caught on the wrong side of the bed. a blogger saying it is like a horror movie that you just have to keep watching even though you know exactly what will happen. let s look at the steepening declines when it comes to japanese equities. korea taking the brunt of the selling. we are seeing selling across the board. the nikkei 225 down 0.7%. lower.ix 4.4% the s&p as you said, entering true correction territory. david: we are very close to that level here in the asia-pacific. we put everything together on the msci asian-pacific. take a look at my chart, g #btv 6180. the red line at the bottom is the threshold. we are getting very close to that. my gut is, once we get hong kong up and running, that will give more fuel to the downside. that. happens in about 30 minutes that happens in about 30 minutes. we have taiwan, singapore, asia. markets mays like be suffering from motion sickne ....
we have the brexit show coming up, brexit negotiations over last week. beopean stocks seem to pretty steady. there hasn t been that much move over the last five days. study after yesterday. concern that of the u.s. tax reform plan is encountering stumbling blocks. gains, asng back some there s not so much of a risk. you can see the vix index up 5%. here s nejra cehic with first word news. nejra: president trump has arrived in vietnam and delivered a speech. he said that washington will only make trade deals with countries that play by the rules. not formally will meet with vladimir putin. there has been speculation that the president and his russian counterpart what cost talks today. letident trump: will not the united states be taken advantage of anymore. put americagoing to first, the same way i expect all of you to put your countries first. the u.s. house ways and means committee has approved intervention of tax cut plans. bill costs have been trimmed, while adding l ....
welcome to the pulse live from bloomberg s european headquarters in london. manus: i m manus cranny. francine: and i m francine lacqua. manus: it is a big day. greece has shut the banks. this is an attempt to avoid a collapse of the financial system after a tumbled to as weekend. francine: the weekend saw talks with creditors break down and the european central bank freeze its lifetime to the country s banks. we are live in athens with guy johnson. elliott gotkine also is looking at the mood on the ground. hans nichols is in berlin. elliott, withdrawals are limited to 60 euros. that is the only amount that a greek person can withdraw from atms. elliott: that s right, francine. prime minister tsipras asked for the patience of the greek people. it seems pretty patient right now. over here, we have one branch of national bank of greece in the center of athens. the problem is not so much that greeks can only take 60 euros per day. the problem is that you can t even get in ....
devaluation was confusing. repeatingeading his claim to china south china sea. let us know what you think of our top stories. follow me on twitter @rishaadtv, include #trendingbusiness. shanghai, shenzhen, and hong kong reacting to that u.s. jobs report. here is juliet. what a disastrous number for that payrolls number. we are seeing weakness come through from a laser on the open. singapore opening higher. from malaysia on the open. singapore opening higher. most of the weakness coming through from the nikkei 225 as the yen holding near one-month highs. this is a story of dollar weakness. the likelihood of a june rate hike in response to that jobs number now only 4%, down from 30%. the likelihood of a july hike down from 50% to 27%. down 1.4% with the yen holding on to those highs. australia, up by a third of 1%. gains from gold players. that shows you how much there is in terms of risk off sentiment. investors flocked to that safe haven gold price. zealand closed tod ....