>> asia: they're fascists? [ anthony laughs ] >> asia: if, uh, there's a little fascist inside in each one of you too. >> anthony: um, look, visit the states these days. it's, uh, it's coming back. it's big. >> asia: it's coming back in what sense? what is, uh -- >> anthony: i think we're looking, we're looking for a man on a horse to make everything better. >> asia: yes. but we always have. humans always have god figure, father figure that is going to tell you what to do. people, um, in italy, yeah, in rome, still love mussolini. >> anthony: what happened to mussolini again? as i recall, uh -- >> asia: oh, he got hanged upside down in milan, piazzale loreto, and everybody would go there and throw stones. >> anthony: what a turnaround. i mean, at one time is just so popular and then -- >> asia: that's what happens with all the idols. you know? you create them so you can destroy them. >> anthony: wow. ♪ >> asia: thank you for bringing me here. i don't think i've ever been or ever will come back. ♪ maybe for

but not so much in asia. tpp was the only topic asia was searching when it came to donald trump searches. fascinating. let's move on to south asia and india in particular, a really important year in terms of the economy, reflected in some of the economy, reflected in some of the search phrases that we saw. tell us more the search phrases that we saw. tell us more about this. this is a big yearfor india in terms of us more about this. this is a big year for india in terms of world financial markets. at the start of the year everyone was focused on the chinese stock markets when they had that incredible meltdown but beyond that incredible meltdown but beyond that indian stocks began to rise on the world stage and that was something people were searching for but that got thrown out of the window when they decided to do monetise and say you have to have certain cash in certain amount is. look at that figure, up until that moment, we start seeing those keywords being searched. -- amounts. they have to get their ca

actually lifted growth in asia? when it comes to trump's policies, protectionist views, a lot of asian nations are more reliant on chinese demand, not so much the u.s. is a very valid point. the market has reacted to a lot of promise in what donald trump has said. how much infrastructure will ,ome through and how much trade protectionism may be enacted. the time frames are much longer 2017we might see in and are more of a 2018 story. ingn we look at emerg markets before trump won the election, we saw them favorably. fundamentally, a much better position than last time. supporting all of that for us is the fact that valuations look relatively attractive compared to developed markets. commodity prices are moving higher. those are all positives about why markets could perform. we are cognizant that they are higher dollar, higher rates. it is a case of, let's wait and see what happens after january the new president. how many of those plans materialize. for thingsre looking that provide value in the market. strong you m

asia. no? >> fiore: yeah. >> anthony: really? where? >> fiore: singapore and bali. >> anthony: those are not bad places to live. >> fiore: yeah. not bad places to live. >> anthony: bali's nice. >> fiore: bali's nice, but, then, every time i'm -- when i'm away, i miss rome. when i'm in rome, i want to go away. >> anthony: so, do you take it for granted when you drive by this magnificent, like, the coliseum? >> asia: yeah, i don't even look at it. >> anthony: what about you? do you think, "wow, it's kind of awesome here?" >> ana: mm, yeah. i do, actually. i appreciate it a lot, but it's not like every time i drive by i'm like, "wow!" >> nicola: like, this year it's a bit better than the other years. >> asia: what? the coliseum? >> nicola: yeah, like -- >> asia: why is it better? it's been there for 2,000 plus years. >> nicola: yeah, but -- well, other year it was, um -- >> asia: dirty. >> nicola: dirty. and, and it was, uh, like, plastic somewhere. >> anthony: oh, they were -- when they were

and asia? an argument a lot, many investors looking at record levels on the s&p and getting a bit concerned. whenever we had a new record, people were concerned. the i would argue here is earnings also on record levels. that mitigates the picture also. if you look at trailing pe's. the s&p does not look by istorical standards, it slightly above what you would say. thinkn itself i do not that investors should leave the party. we have seen in previous cycles that you oftentimes see an overshooting specially on valuation levels in the s&p when the fed starts moving rates up. maybe have another 18 or 24 months here where the valuations themselves also pull up. i would be hasn't to say because we have reached the middle of the historical valuations, we need to get out at this point. ramy: let's look ahead to 2017 in terms of strategy. you are also looking into cyclicals, what sectors, what specific stocks do you like? guest: maybe if i can highlight one thing here coming back to the u.s.. it is not

>> asia: they're fascists? [ anthony laughs ] >> asia: if, uh, there's a little fascist inside in each one of you too. >> anthony: um, look, visit the states these days. it's, uh, it's coming back. it's big. >> asia: it's coming back in what sense? what is, uh -- >> anthony: i think we're looking, we're looking for a man on a horse to make everything better. >> asia: yes. but we always have. humans always have god figure, father figure that is going to tell you what to do. people, um, in italy, yeah, in rome, still love mussolini. >> anthony: what happened to mussolini again? as i recall, uh -- >> asia: oh, he got hanged upside down in milan, piazzale loreto, and everybody would go there and throw stones. >> anthony: what a turnaround. i mean, at one time is just so popular and en -- >> asia: that's what happens with all the idols. you know? you create them so you can destroy them. >> anthony: wow. ♪ >> asia: thank you for bringing me here. i don't think i've ever been or ever will come back. ♪ maybe for mo

in asia the u. s. alliance with thailand remains in a freeze following that country's most recent military takeover while the president declared the philippines separation from the united states and the implication of the political crisis engulfing the administration in south korea is unclear. the partner between europe and the middle east and asia is also unclear. while israel and traditional allies in the middle east are alienated by the nuclear deal with iran. america's credibility so security gaurentor has been damaged by the failure of the red line and by the threat not to protect allies in europe and asia unless they pay more for their defense. there's a sense that the west is in retreat and the liberal international order is framed. this is the jumping off point to go back to the first principles and examine the relevance of alliances that date back to the earliest days of the cold war. whether the costs still offset the benefits today and how they can adapt to meet the very different challenges

in new york city. >> from bloomberg's asia headquarters in hong kong, this is "bloomberg market: asia." >> asia pacific markets build on wall street's record sharing reaching a one-month high ahead of the fed decision. >> that optimism comes from speculation the expected rate hike means the u.s. economy continues to strengt

good morning, asia. hello, world. glad you could join us for this tuesday edition of asia business report. uber is planning a new move after it was banned in taiwan. this is not the first time the firm has faced resista nce the first time the firm has faced resistance from local governments. from london to jakarta taxi drivers have gone on strike saying that uber‘s business model is not safe and has unfair competition. it needs to be signed into law. here is a response from their regional manager. we will cross that bridge when we get to it. at the moment we are working very hard to educate and communicate with the president in taiwan to make sure she knows that more than a million people in taiwan have downloaded the uber app. and they will be the ones who suffer if uber is not allowed. is this not just a formality? it has already been passed by the regulatory body and has been signed by the president. uber is something new. because it is innovative we have beenin because it is innovative we have been in sticky spo

to our top story here in asia this morning. the heads of some of south korea's biggest companies are facing a grilling in parliament over bribes allegedly paid in the widening political influence scandal. this is unpress denied. we are seeing this tycoons getting grilled in parliament and that being broadcast nationwide in a couple of hours. walk us through what happens today. >> yes. good morning. so in about an hour, nine of the biggest tycoons in korea will be summoned and speak in front of the national assembly to answer questions as to why their respective business groups gave away tens of millions of dollars to a couple by undations controlled someone at the center of a firestorm here in korea, a political stanley working the country for weeks now balls of her ties to the president, who is facing such unpopularity because of the scandal, she may be facing resignation or impeachment. >> and the biggest fish right now to be grilled is the vice chairman of samsung. what are the allegations around the company? >> right, the a

in asia, it is the last trading day. today, there is not a lot of his edition taking particularly ahead of the new year. mentioned of the dollar falling the most in two weeks. what has become a volatile year. ingles.o to david and david: i thought it was going to be quiet. things are getting fun. i have a dollar-yen chart. still digging deeper. because this could be japan is just opening. why do we have this up? it fell beneath that level briefly. 116.36. in other words, we have recovered that average. at the moment, as we get to the open in japan, we saw a dip in dollar-yen. on dollar-yen. the other one is the euro. we see the spike that right here. 1.5% over two days. above 106. our high happened 20 minutes back. 106.53. one centnt higher -- higher than current levels. you where trading has really taken place. that is when sort of japan takes the baton, if you well. that color coming out? light blue. it is only light blue, and a dark blue for me. 7:30. let's see where this takes us. there we go. not really anything the

we think you will see something strange in asia. asia, everyone talks about china. china has some pretty significant challenges at the moment and nobody has ever believed their growth of 6.5%/ evin prison is actually that, it's more around 4%. you will see their growth continuing to slow but you will see others grow faster —— 6.5%/ 7%. you will see others grow faster —— 6.596/ 7%. they you will see others grow faster —— 6.596/ 796. theyjust employed a book about the death of china. he is refusing to implement trade agreements that have yet to be fermented, so there can't be any effect going forward. there's the fear that he could brand the chinese as currency manipulators and impose massive tariffs on chinese products. there are parts of the chinese economy where he is likely to impose tariffs, although since he's changed his mind on almost everything he said on the campaign trail, we can't be certain about that. when he actually takes the time to listen those who understand the chinese economy, or should i say if, he will discover american and european

. >> this is "daybreak asia." i am ramy inocencio in new york. we're just at 6:00 p.m. >> it's just after 7:00 a.m. in hong kong. i am yvonne mayor. the fed in focus this week. the december rate hike, beaten this idea to death by now. what is janet yellen going to say when it comes to future hikes? we have a deal in vienna once again. past 24 hours or so, non-opec members came to a deal, the first in 15 years. nymex crude was up by 1.3 percent on friday. we are seeing it sky rocket right now in the early hours of trading, up 4% or so. we're expecting to see this potentially climb and be fairly volatile as we move ahead through the trading day. >> things kicking off in the region, that trump bull market, bringing new light on wall street on friday. new zealand, pretty much flat right now. erasing early gains in stocks after bill english confirmed new zealand's prime minister in the last half hour, the kiwi dollar 7120 right now. australia, touching the oil producers today. the saudi surprise. oil ministers willingaustralia,l producers today. the s

bloomberg's markets asia is up next, shery. shery: we're counting down to the open of shanghai and hong kong. ♪ ♪ 9:00 a.m. in singapore, midday in sydney, 8:00 p.m. in new york city. i am rishaad salamat. haidi: i am haidi lun. this is "bloomberg markets: asia." ♪ rishaad: renzi to resign, the euro sliding to 20 month lows as the italian prime minister loses his referendum. years john key says eight is enough, he

i am concerned that the relationship among and between the countries in northeast asia and also in asia totally have not been smooth. in all of this, there is a very concernsecurity brought about by the democratic people's republic of korea. particularly, they are continuing efforts to develop nuclear weapons and develop ballistic missile technologies. the security council has been engaged to stem, to deter this kind of north korean activities. the security council has met 10 times this year only. it is very rare that the security council engages so frequently, so heavily on any single subject. they have taken already five sanctions of resolutions, including more recently, which was taken on november 30. all of this kind of sanctions, also applications to northeast asian region and there has been some differences of opinion and positions on how to advance all of this, particularly in north korea nuclear issues. china, japan and korea and the united states and russia, all of these countries surrounding northeast asia have not been -- have not been consistent in their positions. i hope th

the brights, finding spots for investors in asia in 2017. ♪ "daybreak asia." yvonne: a quick check of the headlines. an insurer has increased its ipo. theold shares -- third-biggest u.s. offering of the year. 's shares will begin trading friday. betty: folks wagon officials set to face of further grilling from the u.s. federal trade commission over rigging emissions. they have already sued vw over the scandal. they are set to give and updates update on efforts to repair affected vehicles. the switch is due for release in march. nintendo is hoping the design well attract gamers. like an updated gameboy. how is the outlook for equities in the coming year? our guest joining us in the studio. great to see you in person. levels, yourecord do get nervous when you see this kind of rally. guest: we are clearly hitting a bit nervous. we are participating in this. there is still some potential the higher we are looking if we have to trim our position. let's talk about the ecb overnight. thati try to hammer it this is not tapering. how do you interpret this now question

from bloomberg headquarters in hong kong, this is "bloomberg markets: asia." ♪ rishaad: the asia-pacific built on wall street new highs as markets display increasing resilience to geopolitical events. >> malaysia will not introduce capital controls, despite the financial crisis. rishaad: a deal to buy back diesel will diesel will cost $1 billion. >> the curriculum in thailand -- rice now acceptable as payment for tuition. rishaad: and we have the yuan fix coming up in a few minutes. be unimpeded in your progress. amongting more bearish expectations that it will weaken even harder. -- even further, to beyond seven per dollar. it is moving that forecast ahead of that somewhat trump and titrate talk. -- and titrate talk. rishaad: anti-liquidity playing into this bearish sentiment with regards to the yuan. we will see what happens given the dollar strength overnight. haidi: we are 30 minutes away from the opening in hong kong markets. singapore, taiwan, malaysia, all coming online. let's go to the markets. >> it is interesting really. seven 15ith the note, by the end of next year. the drop w

america's interests and objectives in the asia-pacific have endured. we still want peace, stability and progress for all because the region has changed how we meet those had to change along with it. they've been operationalizing one after another we are not only ensuring that we remain the strongest military and primary provider but we are also connecting our allies and partners in a principle of the security network to allow all of us to see more come share more and do more to maintain security in the region. in the first phase which began five years ago they sought to make the regional posture more robust both on our allies, our own parts and partners geographically distributed, politically sustainable. they spend tens of thousands, committed to 60% in the asia-pacific anasiapacific and e the posture. the second phase we committed to sending some of our best people and most advanced capabilities. our newest aircraft and service vessels to the asia-pacific we also developed new and innovative strategies and concepts and put them into use in more compl

this is "daybreak asia." ended u.s. markets lower by the luxury handbag market was an exception. >> looking for suitors. reports say it is already in contact with an investment inc., looking at several potential suitors. i want you to jump into the bloomberg because i want to show you how big a jump we saw. line upittle, yellow 23%. the most in more than five years. tension foren consolidation in the industry. investors have been eager for something to happen. one investor group in particular who actually bought into kay spade is harris investors. they piled on the pressure, saying they think it should be doing what it is doing now. we strongly suggest the board consider this option as public investors have all but given up ade story.e sp also claiming they could have hit profit targets comparable to its peers. now kate is going shopping for buyers. is the timing right for a sale? >> it is well-known that there are four possible suitors. one is coach. another is michael kors. pop in trading. also, the parent committee o

this is the second hour of daybreak asia coming to you live from bloomberg headquarters in asia where it's just after 8:00 a.m. it is just after 7:00 p.m. here in new york. as we were talking about last hour it's been this in the u.s. markets after being taken down because the of the expectation the fed is going to raise rates even faster than expected. now some nay-sayers are coming out and some people still very euphoric in trump and hi economic policies. evon: yes, quite a bit when it comes to comparing it here in the region. a yield differential when it comes to the bond market with the rising yields, not seeing the same effect in japan. we just broke earlier the 10-year bond arriving to 0.1%. how is the b.o.j. controlling that with the yield curve control now is the big question. let's go to the market open eal quick to see the reaction. >> it looks like we could be setting up for a reasonable session as we close out the trading week. we were expecting a pop at the open when it comes to japan and have indeed gotten that. nikkei up by 0.7% although already pulling back a little bi

. >> this is daybreak asia from bloomberg. i am ramy inocencio. 7:00 int is just after mourning, i am he's on man. -- man. lots to look out for this week after the fed as well as the boe . we are focusing on the boj with the two-day policy starting today. following this political storm over the weekend with the china seizure of a u.s. naval drone. ramy: we saw that lock on effect in on u.s. markets, all falling on friday. the dow pulling away from the 20,000 mark. gold also breaking three days of 0.6%.to rise higher there is skepticism over the truck rally if it is something -- trump rally is something you can buy into further. yvonne: and with the markets in wall street hit by geopolitical tensions, let us see how things are kicking off in the asia-pacific. it could be a rough start to the we do see right now. -- the political background we do see right now. there is a building permit for october, but the kiwi is holding ato three rough sessions 69.67. australia, we are expecting a midyear budget update, the so called me info

coming up next on "bloomberg markets: asia", we speak to bmws asia ahead and how growth is affecting sales later this hour. rishaad: next, china is better expected pmi numbers and what they really say about the economy. ♪ rishaad: a quick check of the latest business flash headlines. steve: agreeing to pay $135 million to pay investors to settle a major legal claim against the firm. the target of the biggest insider-trading investigation in u.s. history. haidi: china may have added new restrictions to contain capital outflows, not approving requests to transfer cash abroad unless there is a valid business reason. former bank of korea policy makers says he sees worrying echoes of the asian financial crisis two decades ago , warning household that could spark a similar crisis and says the president park influence scandal is adding to risk. is said toon of debt not pose a serious threat, at least yet. haidi: let's get back to our top story. the cage is coming out of china showing strength, maintaining that improvement. however, it reinforces that picture that it is the old economy dri

we are not going to see a nato in asia. we will ee a multilateral framework, i call it partnerships with a purpose. that is a natural, trilateral linkage between korea and the united states. there are countering extremists in southeast asia and natural grouping would be the u.s., malaysia, indonesia, maybe bangladesh and certainly the philippines. we should be going after these kinds of naturally forming multilateral organizations to get those advantages. then we have elsey on that exist not as a defense pact -- the of the regional orm, ars, and those things that are useful to go after, piracy, kidnapping for ransom and all of the issues we see. hat is how i view multilateral that is how i view multilateral defense instructors in asia. >> thank you, john, thank you to the reagan foundation, and hanks to all of you. [applause] c-span. the c-span video library is an easy way to search and view c-span programs and to help is doctor robert brown, executive director of the c-span archives. >> go to c-span.org, the main site, and

i'm haidi lun from bloomberg's asia headquarters in hong kong. this is "bloomberg markets: asia ." rishaad: terror in turkey. the russian ambassador is murdered by a killer, claiming revenge for aleppo. haidi: the u.s. condemns what may be another terrorist incident. rishaad: the bank of japan will its final policy meeting of the year. haidi: christine lagarde found guilty of negligence in france. the international monetary fund retains full confidence in her. day when itixed comes to the markets. we will have a look at that in a second. headlines coming through. one company pulling at ipo in hong kong. haidi: a muted reception to make, too. that was the biggest ipo tech wise in about a decade. rishaad: let us get a gauge of the sentiment out there. we have a lot of geopolitical issues. a lot to grapple with when it comes to digesting some of that geopolitical turmoil we are seeing in europe. little changed, asia, given what we were seeing earlier this morning, seeing australia following gains on wall street and shares down, the nikkei down about zero point 1%. the bank of japan's

>> we are investing in southeast asia, india and southeast asia, where we see consumption to be strong. china itself, although the headlines are always about the celebrating growth -- decelerating growth. e-commerce, mobile, internet , education. >> when it comes to regions -- going out of asia -- have about the emerging middle east? -- how about the emerging middle east? >> the emerging middle east faces some challenges. if you look at countries with flexible exchange rates, it allows them to make the adjustment in the economy. it is going to be challenging for quite a while. angie: coming up, the middle east's largest listed property company is continuing a push to target luxury consumers. that is next. this is bloomberg. ♪ angie: welcome back. formed aed tycoon has joint venture. they are looking to profit from increased luxury spending in the middle east. spending in the middle east is worth about 10 million euros and it is one of the fastest growing luxury spending markets in the world. a lot of that gets lost to the offshore companies and the international brands. by creating t

we have focused in southeast asia but we have ambition to go beyond asia. it is a very asia-pacific play. the product and the technology and the value added services we provide our catered toward asian companies, expanding regionally. i am talking about freelancers and sme's. across different industries as well. emily: describe the state of the start up landscape in singapore and southeast asia. guest: it is definitely a good time to be in southeast asia especially in singapore right now. when i first started on my company it was very difficult to raise funds. but nowadays, i think the funding amount that is available to startups across the region has raised from $500 million to more than $1 billion in the last 12 months. you see a lot of startups coming in and you see a lot of startups getting more mature and we have been seeing a few unicorns coming out of southeast asia alone. >> the new funding, what do you intend to use it for? guest: the funding is to allow us to expand aggressively and quickly across asia-pacific. it is for us to invest back into our

our review of the year 2016 in business across asia. volatility caused by global uncertainty was a consistent theme for investors during the past year, and along with brexit referendum and the u.s. presidential election, concerns over growth in china regularly rattling the market. we spoke with business and political leaders and got expert perspectives on the world's second-biggest economy. here is a sampling of those conversations. >> china recently had its national people's congress. there was some concern that the chinese government is too focused on stimulus and growth at the expense of reforms. what is your take on that? >> we believe china will continue to grow, number one, and our assessment at the moment is 6.3%. we have to assess the decisions that have just been made by the chinese authorities to factor in those decisions, and see whether we forecast a little more growth, possibly. >> how concerned are you on china right now given what the government has set in terms of reiterating its commitment to 6.5%? are you confident the

. >> from bloomberg's asia headquarters in hong kong, this is "bloomberg market: asia." >> asia pacific markets build on wall street's record sharing reaching a one-month high ahead of the fed decision. >> that optimism comes from speculation the expected rate hike means the u.s. economy continues to strengthen. >> japan's business image improved in the first quarter for the first time, but economics continue to struggle. >> and hsbc chairman says china is managing change extraordinarily well. he tells us what he thinks of trump policies. >> indeed, that's going to be tracking markets, front and center, we have the whole federal reserve issue to be dealt with in the next 24 hours. >> there's a 100% expectation that there will be a rate hike, it's about what is going to happen in 2017. they say two rate hikes coming up. >> we can dive into it and see what we've got right now. the next rate hike possibly being as soon as february there as well. 86% chance of that happening after this one which is nearly a 100% probability of the high taking place there. fed pretty much front and center. >

not see the latest from our southeast asia -- let's see the latest from our southeast asia correspondent. the banker we're talking about, 34 years old, he five years.or the court found him guilty for extracting justice. he was found to try to temper with witnesses. what we know as well as that he tried to hide his illicit wealth. a reported $18 million, u.s. dollars that he received in secret profits from transactions. we're told that he downplayed his trade. this is a man at the heart of all investigations better known low.e the charges but the court described him as unreliable, not a credible witness. the obstruction of justice carries a jail sentence of up to six years and a fine as well. -- has he faced other charges? sevenda: he faces separate charges but the trial will happen in april. prosecutors say he could face even more charges. singapore as you can understand, nt is clamping down on errab bankers. this is the third conviction. allegedly misappropriated thousands. the biggest money laundering case to hit singapore. ubs, standard charter, falcon bank crowd to have committed bre

--from bloomberg's head is asia headquarters, this is daybreak asia. ♪ rishaad: for the dollar dominates the trade as they shun safety, gold slumps again, they got -- the yen turns positive. sophie: the willingness of the yuan. rishaad: yahoo! is great -- latest breach from verizon. tokyo, and territory in abe and prudent talk about territory. -- putin talk about territory. rishaad: the dollar is surging over levels haven't seen in 14 years. we might be even weaker than that. .ophie: the dollar-yen was high i did look at jgb, 10 year highest since january. rishaad: gold also slumping, so this is what we have. sophie: let's take a look at how markets are doing today. haidi: the big ones are china, when we get the yuan today. look at the bond market, the 10 year yield in china spiking the most on record. there are pretty significant moves in income, the 10 year yield on the japanese government bonds surging 0.2%. that was the highest yield we have seen since january when they went into territory -- negative territory. the 16 is continuing to play out across asian markets. this is what we a

our review of the year 2016 in business across asia. volatility caused by global uncertainty was a consistent theme for investors during the presidential election, concerns over growth in china regularly rattling the market. bloomberg television spoke with business and political leaders and got expert perspectives on the world's second-biggest economy. here is a sampling of those conversations. >> china recently had its national people's congress. there was some concern that the chinese government is too focused on stimulus and growth at the expense of reforms. what is your take on that? >> we believe china will continue to grow, number one, and our assessment at the moment is 6.3%. we have to assess the decisions that have just been made by the chinese authorities to factor in those decisions, and see whether we forecast a little more growth, possibly. >> how concerned are you on china right now given what the government has said in terms of reiterating its commitment to 6.5%? are you confident they can? >> i think they will be able to

asia loves for bill. if new democratic burma is the most popular footballing location for african players, it is because the country is hungry for freedom and the consumption that goes with it. the rapid liberalization of the economy has made it easier to whitewash dirty money and it is thought a lot of the money is being invested in football. we football together. >> in burma, african players already have a lot of fans. leader isr guerrilla now an owner of gold mines. yes, they are very hospitable, it is true. it is different than other countries because they have no problem accepting foreigners. >> freedom fighter is a very strong brother. they take the power. we are a football team and together we fight the government again. warlord turned entrepreneur clearly has a plan to build his own football team. >> i have a goal. when you have time, we will go together to see football and then he literally showed me the way. can --ve many people who >> hold on, man. ♪ >> we are a few hours away from the burma

southeast asia, east asia. airlines,oard, qantas so forth. i won't go through this, but fairly substantial gains through a lot of these regions. let's see how far this actually holds. these are extreme gains we are seeing in this space. host: let's explore this a little bit more with craig mcmahon, asia-pacific head of research at wood mackenzie, one of the biggest energy analyst firms. we get good insight into how the oil prices going back to their glory days. does this really mean? -- what does this really made? not the glory days, that is for sure. i think what it does mean is we are going to see the balancing in doing oil markets between supply and demand really being accelerated. oil demand is forecasted next year at about 1.4 million barrels per day. local oil supply is forecasted to grow prior to yesterday's announcement by about 600 thousand barrels per day. demand is outstripping supply. the balance is coming, but it was taking time. opec's introduction into the story and desire and agreement to cut, we see that equilibrium being est

"bloomberg markets: asia". as tokyo heads towards lunch, other things we are looking at, not in the least trade data. juliette: yes, and japan going red,at lunch break in the down .2% as we continue to see the yen way into this, and also japan posting that trade surplus for a third straight month in november. in courts continuing to fall faster than exports. having a look at the hong kong market, chinese stocks listed in hong kong are on track for their lowest close in a month, the , concernedown by .6% about construction firms, and insurers coming under pressure amid speculation that the government could step up efforts andontain property bubbles curb outflows. above $52 a barrel. petrochina the top performer on the hang seng. kospi mixed. a boost from australia, treasurer scott morrison talking today about mefo, energy players leading gains. goodealand also having a start to the week, up by .6%. some stocks we are keeping our eye on. this is one we were watching on friday, up by 2% as it resumes trade. a prom

and how the election of donald trump has already had an impact on asia. up next, influential leaders share their thoughts on doing business in asia in 2016. >> china welcomes foreign investments. so other countries should also welcome chinese investors. >> this is bloomberg. ♪ ♪ rishaad: welcome back to this special edition of "bloomberg best." china. is playing this is the highest since at least april of 2014. up 51% from the first 11 months of the year. itsyuan is heading for steepest annual slum. government funds should be a last resort and measures should be with lenders that are healthy. he might need as much as $9.2 billion. that is based on a couple of stress tests. the board meeting later today discussed the assessments. oil related products grossed in a positive performance. meanwhile, agricultural goods sold by 13%. analysts.ecasted by this is the positioning right now. 19,451. the taiwan index has been down for much of the morning and that remains the 1%., up by 1/5 of global news 24 hours a day, powered by 2600 journalists and analysts in

saut asia. so far, while afghanistan is the crucial middle piece for some of the networks, china has been wary of really putting its belt and road into stability and the major compromise seven years ago in afghanistan still has not borne fruit for a variety of reasons but fundamentally the lack of security and the lack of development has inhibited that, so i think that they're cautious on that but they present overall a potential boost to regional stability. and finally, on reconciliation with china, they have involved in quadrilateral talks so-called between the u.s., pakistan, afghanistan and china on the taliban issues. they've discussed with taliban interlocutores. seems like initial enthusiasm to get engaged, it's another useful potential voice not to be relied on too much, but to be engaged as a new player that can potentially push things in the right direction. let me finally just talk about russia and iran, and while different countries of course, i think that they play a somewhat simila

brands to asia. we have seen a local scene of upcoming designers looking for some help in order to set up a pop-up store. it has been hard for european transparency in terms of price. an easy way for them to target retail spaces. on top of that, we are providing insurance for each booking and making their lives easier. tell us about the physicalnce of a pop-up store, a brick and mortar store, when you have this surge in e-commerce. many of these brands just go to an alibaba website and can generate $17 billion in sales. square that when it comes to the rise in online sales? rise of online sales will never be perfect until they find a way to connect with their clients, their users, in the off-line world. we have seen even amazon aiming the next-up stores in 12 months. google set up a pop-up store in new york. even the almighty online players need physical space. retail what about the sector in hong kong, it has been gloomy. what is your outlook? >> we have seen a change of outlook from the landlords.

his is bloomberg markets: asia. is bloomberg markets: asia. ♪ rishaad: italy uproots a bailout for banks struggling. but it might be too little too late. raising the stakes. australia's betting drama.

>> asia has been on the back foot the last year or two. with rates rising, you will see further liquidity coming out of the markets. there isure accelerated growth in asia relative to what is going on in the u.s.. with that said, we are long-term buyers, if you will, of china. we have a terminus operation here in china and across hong kong and the rest of the region. so morgan stanley is here to stay. gc project streamlining where you're bringing costs out of the entire system globally? how do you see that affecting asia where 15% globally you have cut in 2015? project streamlined was born in the simple premise that we are a much less complicated company than the one that we were during the financial crisis and turns of business structure. shut our hedge fund. purchase.ted we've made tremendous changes. but area for a structure has not reflected that. project streamlined to say things like, look at all of our legal entities around the world. how do we simply by that? so we run as a more efficient and noble institution. >> there have been r

this is the second hour of daybreak asia. i am yvonne man in hong kong where it is just past 8:00 a.m.. liu.r: i am betty we have come back from hour-long christmas break on the markets are delivering a little bit of a gift to the bowls. we saw technology stairs -- shares giving their list, but no cigar on that doubt 20,000. yvonne: industrial outlook looking pretty healthy right now. close to two years. we will see how this plays in the japan open. david buss has more. gles has more. trade to bexpect thin. we are looking at gains as we wrap up this year. let me give you an indication of what is happening in australia. australia is very much a risk appetite sort of story. if you look at the things that have been bought up in this market, six out of the last is the mining stocks and energy, to a lesser extent. some group right here is really leading the gains basically. some of these at names, 2.7%. you go through the list, these are the biggest mining companies . some of these guys basically, in the world. gold also in play,

bloomberg's asia headquarters in hong kong, this is bloomberg markets asia. >> retail sales in china and suggest more stability. andressure on currency equities. >> donald trump delaying his presidential business conference. launched aing has trade complaint and has concerns about his one china remarks. away from thetes open in hong kong. singapore just coming on line. how are the markets looking? >> we are looking at a pretty mixed picture, trending out a bit lower. we really had the wind taken out of the sails of the oil driven rally yesterday. bit.ulling back a still seeing gains in the session. ofare seeing that come out the equities market as well. of a modestle bit up.hen it comes to sydney we are seeing weakness coming through from the nikkei 225. we have actually managed to come back from steeper losses we saw a earlier on. we do have the yen which is starting to weaken. that is giving a little headwind to the japanese exporters. still, japanese stocks have come back from their losses as we go into that fed meeting. things are looking pretty good when it comes to japanese equ

good morning, asia, hello world, it's a wednesday. glad you could join us for this mid—week edition of asia business report. i'm rico hizon. we start off with india and a very public boardroom battle will be the top of the agenda at a number of meatings being held this week by companies belonging to the con gam rat tata. the meetings were originally called to remove the director. but he resigned from six companies on monday. we have the details from mumbai. by details from mumbai. by resigning in the remaining six posts, the director no longer holds any executive position in the tata group, but tata firms are still going ahead with the respective extraordinary general meetings which we re extraordinary general meetings which were originally called to remove the director. the sons, the main promoter of the con gom rat, wanted to use the meetings to justify his decision to sack the chairman in october. the corporate battle has damaged the group's reputation. it has also raised serious questions regarding corporate governments, somethi

what does the research then tell us about the cases of sarcoma in asia? why are there so much more here than in other parts of the world, as you've just been saying? clearly that's an area of interest for us to investigate. it is, indeed a higher incidents. what we found was a higher proportion of sarcoma, particularly in angiosarcomas. so to that answer, we're uncertain and certainly more research needs to be done in that area to look at factors that may account for it. in terms of angiosarcomas, what did you find in terms of how they translate into some of the common cancers we know about? what can you tell us about that? in our study, we had 423 patients and that makes it the largest internationally. and that was the first in asia. we found two very interesting findings. number one is that chemotherapy did help patients. but interestingly, only half of the patients received chemotherapy and led us to think — why is that the case? what happened to the other half? and that would be the subject of the next research interest to find out what exactly is h

>> we're really looking at almost every country in asia right now because the picture in asia looks very good. for two very good reasons. one, the growth in china continues to be very, very high. 6% or 7%. the growth in india seems to be empb higher. 7% or 8%. we expect that kind of growth in the two largest countries in asia are going to be beneficial to all of the asian countries. vietnam is one of our hottest frontier markets. thailand where we've been for many, many years continues to do well. malaysia is slowing down a little bit. again, the opportunities there will be good as commodity prices begin to come up again. >> let me go down that list and start off with china. we're seeing some slowdowns in the country, the past few years. how concerned are you about the data that's coming out right now? >> there's no question that the velocity of the economy is slowing down. in other words, you're seeing a deceleration. however, the current growth in dollar terms is greater than it was when it was 10% in 2010. so in looking at the totality of what's happening in china, you must realize th

asia, i'm quite confident and our alliances will be part of that. but we've hit fundamental questions here that merit addressing in terms of political support at home and how do we make alliances more effective than they've been. >> thanks, mike, that's really brought us full circle and reminds me to thank everyone for coming today. if you like to follow the project, you can do that on our web page and finally i'd like you to join me, please in thanking the admiral for his speech today and also the panel. [ applause ] >>> later today on c-span 2, israeli and egyptian foreign ministers talk about the middle east and the incoming trump administration, live at 6:30. and at 8:00 on c-span 2, supreme court oral argument on immigration detention. the court will decide if detained immigrants facing deportation can be held for longer than six months without a bail hearing. a lower court ruled that the government must provide individualized bond hearings to determine their danger and flight risk. the justices heard the case this week. >> republican senator t

our asia commodities managing editor in singapore. let's cross over and stay with this story -- ecb holds its last fall as a decision of the year on thursday with the italian referendum sure to be on the agenda. next week we are looking ahead with the rates rise with some meat on the bones in these big events. crystal rule is the chief economist at the abu dhabi investment authority -- great to have you. with the italian referendum out of the way, we talked about the volatility -- your topline thoughts on this rise of populism and has taken over the u.s. and is now still very strong in europe? usi think it will be with for a while and what concerns me is the economic consequences. it's interesting what we see emerging now in the u.s., the first ideas of what the president will be doing and how it is perceived by the markets. there is at least for the moment some optimism. my best guess is that governments will do what governments usually try to do, to go for fiscal stimulus, which will put pressure on the fiscal system. it happens in

you are watching "daybreak asia" . let's get to first word news. >> president putin has called for a crackdown on terrorism after the russian ambassador to turkey was shot dead. andrey karlov was assassinated at an art ambition. initially his death has been linked to bombing in syria and aleppo. the gunman was killed by turkish security forces. on the run insert after worshipers were shot at an islamic center near the main train station. three men were wounded as they were shot while praying. the shooter is still at large. police say the body of another person was found later. it is unclear if the two episodes are linked. attempted fraud and abuse of authority on the opening day of her trial in seoul, korea. ledrelationship with park to park being impeached. the court is reviewing the evidence and will rule on whether the impeachment is legal. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. thanks. breaking news crossing the bloomberg, the rba

. >>> the sense of caution prevailed on other markets across the asia pacific region. hong kong ended flat and the shanghai comp zt slid nearly 1.5% to finish at 3,140. weaker commodity prices. sydney outperformed the rest of the region and s&p gaining by 0.7%. 5,584 for the closing number there. gains in financials and utility shares boosted the index to a four-month high. here's a look at some of the other business stories s we're following. officials in japan's government are expecting the economy to improve in fiscal 2017. they're work on a forecast for the annual budget that takes effect in april. a draft version is predicting gdp growth and lift earnings at exporting companies. they also expect higher salaries and more jobs leading to personal consumption. a japanese consortium for crude oil production in eastern siberia. japan oil gas and metals corporation is working with trading house and oil developer inpex. it will start tapping as early as this month. it will be supplied to russia and other asian markets. >>> this week we start our three-part series on how

japan leads the asia-pacific higher. rishaad: a change of the guard in new zealand, bill english must face the voters. donald trump says the one china policy should be tied to trade. prices, this historic deal to cut output. oil jumping over 4%. jumping to the highest since july 2015. saudi arabia signaling it is ready to cut output more than agreed, while a non-opec countries including russia agreeing to pump less. sophie: we will have more about that deal in a bit, 30 minutes away from the open in china and hong kong. singapore, taiwan, and malaysia coming online. what is going on in the oil patch? game inhere is only one town, and it is demolishing every other safe haven. gold retreating, bonds falling, all on the account of renewed risk appetite after the meeting between opec and non-opec members. saudi arabia's surprising the markets, saying it is willing to cut more than pledged. russia and other non-cartel members coming on board as well. stocks, oil energy stocks leading the gains. energy-heavy markets like a str