details from beijing, shanghai, and shenzhen. beijing, house prices of 22 point 5% in april, year on year. for april, house prices in shanghai of 14.2% year on year for april. shenzhen, house prices for april up 6.7% year on year. monthly basis, house prices unchanged, so cooling in shenzhen, but beijing strong indeed. the overall number, prices in china in april rose in 58 cities of the 70 monitored, down from the 62 we saw in march. really that march number surprised many, much stronger. so prices rising and slightly fewer cities than the month before, but still showing relative strength. has been number explained because people said a rush as people sought to block him before more cap's were put into place. cities, the major cities come have put in regulations to make it more difficult, bigger deposits, harder to buy a second home. if you don't live in the city or are from the city, it becomes more difficult as well. on the flipside in the smaller cities and towns in the heartland of china, they are trying to move some of the

the shenzhen market up 1.3%. h-shares on the back foot ever so slightly. traders have a lot of catching up to do. today, the latest pmi figures better than expected, basically couldg china's economy give regulator some scope when it comes to tackling financial risks. we did see a reaction in the aussie, a slight pop, but now giving up gains. copper futures in the wake of this pmi number, bouncing, loving that data, but iron ore futures still around a seven month low. we did have the pboc set the fix for the yuan at the strongest level since may 18. today's reaction in focus given that on friday, china said it is considering changes to the fixing formula. on friday, we did have the yuan at the 6.85 level, the offshore rate today extending losses. ,n equity mover in hong kong lenovo shares jumping early in the premarket trade come up over 7%, now up 5%. this is as trading volume surges. since julyp the most 2015. much forank you so that. let's get first word news with rosalind chin in hong kong. z says threatsrbn to the system are receding. governor graham w

shenzhen upn .3%, by the same amount, hong kong flat at the moment. the big headline making story is this idea that perhaps beijing is willing to step in to support the hong kong markets. they have never had to do that ahead of that 20 year handover. beijing does not want ace talk market selloff as president xi jinping visits hong kong in his capacity as the chinese leader for the first time. perhaps in the mainland session, came back in just to support mainland markets, which had been struggling. elsewhere, declines when it comes to the japanese market, a stronger yen suggesting a string of yen weakness may be coming to a close, and that is weighing on exporters. also weakness from southeast asia, singapore, malaysia up .1%. you would expect some of these markets getting more boost from the stabilizing crude story. indications from saudi arabia and russia that opec could be willing to extend that supply deal on top of news that u.s. inventories are starting to fall. take a look at this chart. the aussie dollar has had a bad time of it lately. it fell

pretty shanghai composite declined by half of 1%, while shenzhen fell 1.5%. has accounted for one third of that advance your global news, 24 hours a day, powered by more than 2600 journalists and analysts in 120 countries. i am tom mackenzie and this is bloomberg. thanks for that. still ahead, moody's balancing act. jobs are floundering at home. set to reporty earnings. why some analysts are tracking sluggish growth ahead. that is next. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i am haidi lun in sydney. holdings is said to be cutting staff and shutting down offices in singapore in mumbai. currencies would withdraw almost completely from making goods in european etf's. g being is being -- kc bought. of the staff and relies more heavily on technology. it willfrom japan say really's profit forecasts through next march on friday. the news says the forecast of the company by a three-year business plan. the nikkei's backing a net income of the hundred $60 of $360in sales -- million. that could happen in july. end.st does not s&p global rating

shenzhen has accounted from us one third of that demand. global news, powered by more than 2600 journalists and analysts in more than 120 countries. i am nina melendez. this is bloomberg. betty: donald trump now in israel says there is a rare opportunity for peace in the middle east while on the second leg of his first foreign trip as u.s. president. ramy inocencio walking us through the event of the past when he four hours. it has been quite a trip so far. is there for 28 hours and it will be a whirlwind. he has already met prime minister benjamin netanyahu along with his wife ivanka trump. the prime minister and his wife were there to meet him. it is coming against the background in the context of one donald trump was full force for israel, and now in the past few months, walking back the promise or at least the pledge to move the u.s. embassy from tel aviv to jerusalem, so it is interesting to see what may come out of this, if anything. of course, mideast peace is the big goal, but this has also eluded presidents ever since the whole ent

sicily to meet with world leaders at the g7 summit, including a reunion with japan's prime minister shenzhen lobby. pres. trump: it is great to have prime minister abe, a friend of mine -- stephanie: after telling members of nato to pay up yesterday -- pres. trump: nations are still not paying what they should be paying them what they are supposed to be paying for their defense. this is not fair to the people and taxpayers of the united states. stephanie: for the next two days, talked at the g7 with -- will include the syrian civil war and the fight against isis, and russian aggression. russia consistent topic here in washington as well. sources tell abc news jared kushner, the president's son-in-law and senior advisor, is among the former campaign officials and white house staffers likely to be interviewed by the fbi in connection to the russian investigation. jared kushner's lawyer said the first son-in-law will cooperate, writing in a statement "mr. kushner previously volunteered to share with congress what he knows about the meetings. he will do the same if he is contacted in connection

trading in shenzhen and shanghai. stocks doing well. we are counting you down to the start of the session. and we ared salamat broadcasting from bloomberg's asia headquarters. haidi: i am haidi lun in sydney. china markets trading per usual as it is much of southeast asia, but the two biggest movers in terms of price action, the yen going past 112, heading towards 115 according to some analysts, and the apple story, disappointing. apple falling in the after our session come up but not much of a reaction because apple suppliers listed in japan and korea, so it is the ones in taiwan seeing reaction to apple earnings. let's get a look at the shanghai and hong kong open. some retail investors are getting more fearful about how economic momentum is going. and drugs finding favor when it comes to defensive place in the chinese market. closed along with japan and south korea, but chinese stocks coming online lower. , the specter of that regulatory clampdown, which investors are hoping will be short term pain. commentary that china's stock mark

we had the shanghai, shenzhen come upetty modest about .1%. cause on thatg a $500 billion liquidity driven route as the government tries to clamp down on leverage, but has inadvertently created a misstep when it comes to sentiment in the markets, but we did see that producer price index fitting with the overall story that the best in terms of factory gate inflation has come and gone. rishaad: nice one there. a look at first word headlines. president moonn jae-in taking office with plenty on his plate. markets a muted response. he got 41% of the vote, but his predecessor is in jail and he is starting his single five-year term patient threats from kim jong-un's regime. in the united states, president trump has fired fbi director james comey on the recommendation of attorney general jeff sessions and his deputy. he becomes only the second fbi chief and the bureau's history to be dismissed. he had been leading an investigation into alleged russian meddling and moscow's links to trump aids and associates. rishaad: walmart to pay $300 million to res

in hong we are counting down to the hong kong, shanghai, and shenzhen open. of course oil dominating as a catalyst for help markets are trading. markets are trading. we have that tumble of 5% in the overnight session, losses extending into the friday session in asia. this chart does suggest with the markets are worried about. given that we did not get shock from opec countries, that this opec effort to drain the global glut will continue being undermined by u.s. output. the white line is u.s. crude, so drilling and countering cuts made by opec, that turquoise line. that is really concerning given that we had no deeper cuts announced overnight. saudi arabia saying the strategy is working. that confidence not reflected in the oil patch in this session. shanghai, hong kong markets getting started. thank you. let's look at the hang seng index, another day of gains for the hsi. it continues to rally, now the highs level since july 2015. we are seeing the 14 day relative strength index continued to be placed in overbought territory. when it comes to hong kong, keep

stocks in shanghai, shenzhen sliding a third of a percent. chinese markets starting off the month of may on a down note, adding to -- snapping a four-day advance as the government's anti-leverage campaign makes its mark. it has wiped out about $300 billion worth of stock market value, and set chinese bond yields to the highest in nearly two years. a quick comment on the cost be. isis -- coffee -- kospi rising since -- the highest since may 2011. it is up about 9.9% year to date. check out what is going on with financial stocks. down for tenths of a percent. we did see china's largest thanks enjoying better to the regulatory down. the outlook is looking more positive. in hong kong, we are seeing belle international jump over 16.5% on the privatization offer. that is the highest in the year for the women's shoe retailer. rishaad: thank you very much. let's get a check on the first word news headlines with bloomberg. several they banks have been subpoenaed as part of a criminal investigation as manipulation into the u.s. treasuries market. morga

we are counting down to the opening of trade in hong kong, shanghai, shenzhen. it is a beautiful sunny day after all that rain in hong kong i am haidi lun in sydney. they will be joining a mix to session. central bank activities, fed speak, also the opec meeting in vienna. the markets have priced in a nine-month extension for the deal, but take a look at this chart, in terms of the impact of any curb if it is extended into the rest of the year and next year. #8760, this is a historical chart that tracks the impact of opec's output cuts in comparison to the impact when it comes to prices. the last cut, you can see just how much more dramatic that cut was when you saw that correlating elevation when it comes to prices. the fact that even if opec comes through with the extension, it is not the shock needed to change the dynamics of the oil markets. it depends on compliance with producers like iran, which historically has not been compliant, and on the other side, u.s. production continuing to potentially undermine efforts of opec. let's get over to hsery. we are se

they withdrew from the event in shenzhen after jared kushner's sister made a pitch last weekend. she told potential investors that buying and could help them win residency visas. the bank of england is taking it for granted the u.k. will negotiate in orchid -- an orderly brexit. they may have to raise rates sooner than expected. forecastsso based on about a smooth adjustment with the european union. traders question the likelihood of such a nap -- outlook. have assumed at the european union would be a smooth one. what does that mean? there will be an agreement about future trading relations, and there will be a transition for an implementation period from the negotiation to the new agreement. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. >> checking the markets this friday in asia. this rally has dissipated after we saw that weak link from wall street. asx 200 down 1%. weakness from the emerging markets. philippines down over 1%. china is stronger, it is not had a good week but it is up half of 1%. in

shenzhen has become the silicon valley. china is clearly emerging step by step as a single player in the technology field as well. guy: you're just back from china. what did you learn? what was the surprise? >> the surprise was that everything is on a standstill. the congress is always -- but this is worse than that. this is clearly something else. that every business person you talk to is saying come talk to me early next year. no imports from china or new deals. china continues to work on the reform side. i'm very optimistic about the reformability of xi and what he is going to use the conference for in october, to build his platforms and reforms. i think he will emphasize technology, productivity. when you have an economy of 1.2 billion people, you need productivity. you cannot continue to be an exporter to the rest of the world. you need to invest in productivity which comes courtesy of high education and innovation levels. guy: thank you very much for sharing some so much of your time here on bloomberg on bloomberg tel

and while shenzhen, my job in washington, i noticed in some meetings of a political party i will not name, a sharp disagreement between the privately expressed motivation and the publicly expressed in moderation and i should say i observed that between both political parties with a kind of poignant plea. if it were the case that the privately expressed moderation of publicly expressed with not cost us our jobs. the extent to which people are complaining about th risks are o complaining of the affect of the social media on the capacity to retain their jobs if they have moderation. so this is very visible to them. now i'm going to tell you about three empirical studies which are not involving the internet precisely that which are replicating i think in an experimental setting with what is happening every hour of every day on twitter and facebook. the first experiment comes from colorado if the first is left of center, together to discuss climate change, affirmative action and same-sex unions. to get people from colorado springs that is right of center to do the same thing. we did a rea

it would be the first big acquisition since regulators eased the limit on tv shenzhen ownership in the u.s.. according to people familiar with the talks, sinclair would pay about $4 billion. tribune would get sinclair stations in big media markets. that would give it leverage in talks with pay-tv distributors and the broadcast network. akzonobel has rejected a third takeover offer from ppg industries. $29.5mpany says ppg's billion offer undervalues the company. akzo is defying pressure from shareholders to engage in talks with pbg. is largest economy in europe picking up speed. german factory orders expanded for a second month in a row. they were up 1% in march. orders were bolstered by demand from the euro area. that is your bloomberg business flash. tom, guy? guy: thank you very much indeed. we getting some understanding how the timeline is going to work with the appointment of the administration. we are learning from an advisor that we're going to see a new prime minister, a critical appointment, announced on the 15th. mr. macron has indicated that he already knows who that person i

be due to start in about three weeks‘ time, she wants to talk about who is going to lead those ago shenzhen is for britain, saying it‘s a choice between either her orjeremy corbyn. so trying very hard to get back onto the subject of leadership to focus people‘s minds on choosing their next prime minister. she is under some pressure on policy on social ca re some pressure on policy on social care will stop unveiled in the tory ma nifesto. care will stop unveiled in the tory manifesto. and speaking to tory candidates including activists here in this seat in wrexham, there are a acknowledgement that there are problems on the doorstep with this. people are raising it, we had someone raising it was the prime minister at the weekend. these activists say it is a good policy but it needs some explaining because it‘s quite conjugated. they say it‘s right that if you can afford to, if you have the assets including your house which mean that you can afford to pay for your care, then you should do so instead of general taxes being put up and poorer taxpayers being made to pay the burden. tories

there are many countries which are not part of the shenzhen agreement which have had terrorist attacks in spite of closing their borders. since november 2015, we have restored border patrols to fight and overerrorism 20,000 people have been arrested. what you are proposing is power in the eyes. we have to identify all those people who are a threat. -- ourre people intelligence service -- we have to cooperate also with other states. we need greater cooperation between member states of the european union. there has been some progress. the passenger data control -- we can have passenger information. terrorists live. many terrorists. you voted against the passenger information system. there have been attacks in airports. you voted against all reforms by the european union to fight against terrorism. >> pointless. >> so you propose nothing? >> what are you going to put at the border seattle more guards? are you serious? officers --stoms customs officers are remarkable -- civilervants servants. they are not trained to fight terrorists. it is not their job. terrorists work on the internet and