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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 ....
i will have more on the market movers shortly. angie: president she jinping says china and united states should talk more often to build trust. he also said the pacific should not be a battlefield for competing views. we have our china correspondent standing by live. a mainly positive message from the president? not too much detail, you do not expect too much detail at events like this and opening addresses. the tone, the words about cooperation, greater can medication between the two sides when it comes communication between the two sides when it comes to the issues in the south china sea. a dialing down of some of the bellicose rhetoric you hear in some of the state media. it comes after some close calls jetsy between two chinese that intercepted a u.s. spy plane. building a great wall of isolation. president xi thanked peace and said peace the vast pacific should be a stage for inclusive cooperation, not an arena for competition. john kerry also addressed so ....
so, the regional benchmark still heading for a weekly loss. rise onaintains its fears of supply. threateningnes is to close down polluting mines. you can let us know what you think by following me on twitter. don t forget to include #trendingbusiness. that china and hong kong markets underway in 30 minutes, but singapore and malaysia have just come online. poised for a flat finish at best. that said, we are .5% away, flash session across asia. as the countryd shuts its markets. indonesia is also closed. you see the yen weakened a little bit. it is seeing the most pronounced move compared to where the trough was. it s all coming off a three-day slide, so there is value created over the last few days. flat comparedite to the 10 day average. the rest of asia, looking at cautious and tight trading ranges ahead of the u.s. jobs report. let s have a look at currency markets. the story is about a drop in the u.s. dollar. have a look at how it is doing against the pound, fallin ....
also we have some earnings. chevron, exxon mobile, murk. u.s. equity futures at this hour, little bit of a mixed picture. more the most part down. s&p 500 down 2.5 points. nasdaq is looking up. we re going to talk about some of the tech earnings last night. markets had trouble all week. remember the herald ham remember during that convention. right. just about the trump rally. just about seems like every day we went up. the more that comes out of phil philly, the more the market is running. maybe it s coincidence. there were earnings. they were good except for ford. other real things that happened in the world. the greatest thing about the market. the dacaterpillar. you can come up with any explanation you like. just not for nothing, but i don t know. what it s worth, it s raining out today. maybe that s it. i don t want this tournament to get rained out today. hate that when they have to play 36 holes on a saturday. maybe not. it s early. peop ....
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