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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 ....
interesting. we saw a lot of volatility after thoses :00 p.m. 2:00 p.m. minutes. and you ll rose. in the equity, really a push and pull with equity and banks. you had the bank index at one point up the most since march. this started way before the minutes even came out. you saw the yield curve deepening slightly today, so if you have higher yields, basically better interest margins, and that helps banks, and within the s&p, you had goldman and jpmorgan adding something like 36 points to the dow, so really helping to offset losses,es, and the guys, came from retail. it was truly an ugly day, target and the retail etf dragging lower. target down the most since 2008. it is like a repeat of last week. joe: ok, ethical look at what happened in the government bond market. putting june on the table as a possibility for a rate hike, increases in rates across the board, the tw-year yield up, the 10-year yield up, and let s talk about the spread between those two security level ....
in dubai. let us kick it off with what is going on. we are trying to absorb everything from janet yellen. the treasury market returned aggressively with pace yesterday. i want to show you the dollar. take a look back here over the years. go back to 2009, selling in mae and going away. that is not the case. the dollar has climbed 3.4%. best performance in may since 2012. this is relative to some of the other asset classes. the aussie and the yen are the biggest casualties to dollar strength. we are going to pick up on all of these greenback gains against the major currencies. i love the irony. except for the good old british pound. if history is anything to show itself by, selling in mae is not the trade of the day when it comes to the dollar. nejra: we are also going to talk about china. i have a chart that shows a little bit of jitters possibly. looking at csi 300 futures. we solve the stock index futures plunge. you saw the line drop for the daily limit. it snapped ba ....
and the problem with loose monetary policy. we will break down the ecb decision on rates, and the entire mario druggie news conference draghi news conference. we count down to the ecb decision. the opec meeting in vienna. wall street awaits the latest jobs data. kick it off, less than 45 minutes away from their decision. let s check in with the team leader, i am told the news coverage will be watched closely to get the forecast. interesting,ing is whether there today, no fresh stimulus probably, likely to show the inflation has not changed since the last projections in march and that is something of a disappointment because the last forecast did not include the ramp up of monetary stimulus, extra bond buying, negative loans and another cut in interest rates. a signal the ecb is starting to struggle. it will always say it can do more but it wants governments to play their part in helping the euro recovery. investors will look for more detail. nots past june, 20 ....
let s get straight to the pound story. we have seen a great deal of volatility which we need to communicate to you. one month volatility getting a seven-week high. the panel itself hitting a three-week low. ,his is implied volatility bracing for the eu referendum which will take place on june 23. we have had a couple of polls over the weekend that seem to have put some moves into currency markets. 45% leave, 41% remain. poll, 41% believe, 41% remain. we have to be a bit careful of the polls were the field work was done during periods of school holidays. thought people who were younger and more affluent could be away during that period. it doesn t change the fact that the currency markets have been reacting to these polls. let s move on to all risk radar. the nonfarm payrolls number the lowest in almost six years. we have got the malaysian ringgit surging the most in nine weeks. a move of more than 1% against the u.s. dollar. have the dollar against the chinese currency ....