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markets in the asia-pacific, new zealand is falling fractionally, led down by materials and telecommunications. $.67.wi is at futures in australia looking like this. it is pointing to a slightly higher open, $.72, the aussie dollar level. let s get over to japan, wrapping up the finance ministers and policymakers for g7. futures in chicago pointing to a higher open. this could be helping a weaker yen. kicking off aa is weeklong trip to asia in hanoi. he is seeking closer economic and security ties with vietnam. we are traveling with the president right now. president obama want to accomplish on this trip? good morning. it is a significant trip for president obama, wrapping up his time as u.s. president. his event toement asia, which has been a top priority for his administration for trade in defense relationships. onwants to press vietnam human rights, a country he thinks that has made progress, but will be meeting with civil society leaders while here. he wants to sh ....
the bedding is on for an supplyl rally due to disruptions in canada and nigeria. president obama in asia, looking for stronger economic security s influenceith china in vietnam. let us know what you think. follow me on twitter @rishaadtv and use #trendingbusiness. we ve seen some swings between gains and losses, not a lot of conviction in this market. we had a little disappointment over the weekend with that failure of consensus from that g7 meeting of finance ministers and central bankers. we are waiting to hear from janet yellen. looking for signals as to whether the fed will be going in june. also, what the bank of japan will do. there is speculation that they could buy more bts next month. gains, deeperier in the red. japanese stocks extending losses. the yen is not doing much. that trade data certainly weighing on japanese equities. taiwan driven higher by apple suppliers. throughkness coming from southeast asia as the likelihood the fed will be , earlierates come ....
a-share market in shanghai. we saw transit companies under pressure on friday. we are seeing export company sold off today as well. .2%. down doing better than the morning session, but it is a solid session in japan, up .8% as we see the yen weaken against the dollar on reports that shinzo may beales tax raise delayed. australia, pretty flat with a mixed bag in terms of commodities. the philippines up .6%. we have been watching these up .7%n the telco space, on the open. having a look at the offshore renminbi in terms of currency, the pboc has weakened the yuan fixation to its lowest level since february 2011. we can see a little weakness in the offshore renminbi, down by .2%. the weakness coming through in the yen as well. japanese equity is holding at its lowest level in a month. elsewhere, we are seeing the won and emerging-market currencies being sold off against the dollar. this is playing into the kospi, but really a story of dollar strength. the market is trying ....
consumer sales in japan showing slight improvement. shinzo abe considering postponing the sales tax rise. 0% growth, this is a beat. this is a beat when you are flat numbers on month. ago, we saw an optimistic message on abenomics. g7, he was grim when it came to the global economy, and these retail sales not looking good. we are still in negative territory for on year figures. flat, month figures economist expecting a 6/10 of 1% drop. now slightly back on the downside. more evidence about possibly another stimulus, a postponement in the sales tax hike. haidi: is that the only option remaining? what s going to happen? more people joining in this conversation, and aide saying japan needs to hold off to sustain its recovery. we have no other options, he said. this is after we heard that warning coming out of the prime minister. this is signaling that he is going to be possibly pose putting this tax hike. i hate decline in revenue that would threaten the goal of abenomic ....
indicatere above 50 better conditions on the factory floor, below 50 indicates contraction or more pessimism. this is the third consecutive officialve 50 for the manufacturing pmi following seven consecutive months in negative territory below 50. what does this mean? in february and march, a bit of stabilization. up in a bump manufacturing and sentiment as the government talked up the economy. getting evidence that there has been a stabilization in manufacturing. 50.1, that is not a robust number, but it is staying relatively stable from the last couple of months. , we are also looking at services come in below expectations. pmi,is non-manufacturing an index that has never been in negative territory below 50, but is trending lower. the previous month was 53.5, so inittle bit of softening services, indicating property, telecom, banking, everything except traditional manufacturing , which tends to be more bullish in this new economy. nonmanufacturing pmi. rishaad: 30 minu ....