Im haidi lun. This is daybreak australia. We are one hour out from the open of asias major markets. It is 5 p. M. In new york. Im betty liu. It was a holiday today on wall street commemorating Martin Luther king it is 5 p. M. In new. Jr. So there were no equity bond trading at all. The dollar continues to trade in the Foreign Exchangethe dollar n the Foreign Exchange market. That is really what has dominated the trade today. We saw the dollar continue that slide coming off a five week decline. Talking to some analysts, not so much dollar weakness but it is more strength of its counterparts, right, as Central Banks are pulling back on stimulus all around the world. We are seeing a rise in many of these currencies. Haidi absolutely. Case in point, the extended gains we are seeing in the euro. As you say with the u. S. Markets closed, it was the weaker european close we saw that will lead things off in asia. Tepide seen more of a session setting up in asia. New zealand is trading underway
To tap into chinas 40 million on Offline Stores. With its new platform. Betty yvonne, no action here in the u. S. , of course because we are closed for the commemoration of Martin Luther king. Marketsties, the bond are all shot and the currency markets of course, continue to remain open. Shut for the day. It depends whether we will see a government shut down and how that will be priced into the equity markets when they open tomorrow morning. We are definitely watching commodities closely, and currencies, which continued to slide in the u. S. Dollar as well as well with five weeks of losses. Pretty remarkable, given that we are in a rate tightening timeframe here in the u. S. Area commodities, and currencies. We are watching those today. Yvonne yes, the dollar could be optimism for some of the asia traders here, but again, we are missing some fresh catalyst with the u. S. Markets closed. If we take a look at futures, it looks like we will be taking upons with the best we are looking at
The spotlight on chinese hip hop. Live from singapore and london, this is bbc world news. Its newsday. Good morning. Its 8am in singapore, midnight in london and 5 30am in bangladesh. Many thousands of Rohingya Muslims are spending the night without food and shelter after fleeing persecution in neighbouring myanmar. The Prime Minister of bangladesh has called for myanmar to take back the estimated 400,000 refugees that have poured across the border since an upsurge in violence at the end of august. The un will hold an urgent meeting later on wednesday to discuss the crisis. Justin rowlatt reports from teknaf near the border. Roshida is nine months pregnant. She is expecting any day. But this is where shes living with 15 other family members and it is almost certainly where shell have to give birth. Translation im worried. There is no help. Nobodys getting any food. Here, there is no rice, no vegetables, nothing. Im starving. I first met her a few days back. Shed hiked for seven days th
15. 8 . The expectation was 14. 5. Kind of a mixed picture. It seems like that export picture will be the same. Butct here in large part, asia demand will be the big question as that is expected betty the biggest is a good segue to ask you about some of the asian Tech Companies. , know we have got this chart talking about amazon with a nice comparison with amazon still huge in market cap against the big asian Tech Companies like alibaba and tencent. Do you see Companies Like that following the lead of amazon . Mark i can cover alibaba, they surprised the market two weeks ago giving and outlook for almost 50 . They are benefiting from some of the same growth amazon has in the past, different ways of facebook and google. They are doing it in a market where they have an unusually strong market share. Alibaba china is greater than amazon, and it can sustain at those levels. I dont think i think the valuation is good for both sides. The basic underlying driver is you have secular growth wit