haidi: you are watching daybreak asia. shery: we are counting down to asia's major market open. haidi: asian stocks set for a cautious start, an central bank -- a central bank expected to deliver back-to-back hikes. saudi arabia raises oil prices more than expected as we expect to see more rating oil in the market. -- iranian oil in the market. achieving gender parity in management. shery: u.s. futures are trading, giving up earlier gains we saw in the asian open. we see futures are muted after at the index fell for another weekly fall. and a client, although volumes on friday -- low volumes. tesla stock fell more than 9%. we are watching energy shares because they continue to rally after rent gained ground for six consecutive weeks. not to mention that saudi arabia raise oil prices for its biggest market asia by more than expected. let us discuss all of this given how important it is in the inflationary context of things. oil prices continue to go up? >> it continues to be what of the tightest of markets that many who follow oil for decades have ever seen. let us drop into the

let's bring in the head of asia-pacific economics. i'm sure you will be watching this fed meeting very closely. it was the consensus call a few days ago, now there are talks of 75, even 100, where do you stand on this debate? >> it's definitely a very interesting meeting at we get the full set of communications that the press conference provides for the statement and so on. i believe still that they will hike by 50 basis points because the communications about this june meeting goes back to may fomc when jerome powell set the larger hike would be on the table for the june and july meeting. so the 75 basis point hike is not what was actually considered. of course there is a chance they hike by 75 basis points, but i think it's unlikely because it would take away the fed's ability to have its meeting by meeting guidance and controlling the narrative. therefore i think they will still do the 50 basis points, but potentially have guidance that the 75 basis points is on the table. rishaad: we are in uncharted waters here. we went into qe,

i british energy, welcome to d, w. news asia that you could join us. the u. s. and south korean military's have together launched each ballistic missiles into the sea. on monday, a response to north korean launch is a day earlier. it's the 2nd time in recent months that the u. s. and its allies, south korea have jointly responded to similar moves from north korea. many see it as representing a hardening of sales approach to pyongyang. ah, a fiery early morning display that took all of 10 minutes it's effects were meant to extend well into the future. the launches of 7 south korean missiles and one american missile in a live fire exercise, a tit for tat reply to north korea's launching of 8 missiles a day. earlier. the response came as south korea and its hawkish new president mark's memorial day commemorations. you and soc you'll saying more than ever, global powers must work to contain north korea. for connie ha, north korea's nuclear missile threats are getting sophisticated. 8 fired various ballistic missiles yesterday. it's programs are reaching the level th

w with this is the w news, asia coming up today. china and the us tried accusations at asia top security summit staging accuses washington of trying to turn asia pacific countries against it. the u waste is china is using coercion and the stabilizing the region. so where has the meeting left ties between the 2 nations? also on the show, it fiji makes another urgent appeal on climate change. it says it's the biggest threat isn't military conflict, but global warming are, it's called finally being heard. plus the stigma of being an unmarried mother in indonesia, we explain why many women are forced to give up their children of women always being stigmatized. but did the people forget who made them pregnant? in their view, it's always the woman's fault. this kind of stigma is the result of a centuries old, patriarchal culture for apple felony. ah, i'm jared raid. welcome to the dw news azure. thanks for joining us. tense relations between the us and china have dominated a security summit in singapore over the weekend. though the 2 sides did sit down to talk at chinese defense minister gener

slash asia. you can follow up to on facebook and twitter at dw news. i'm jared rate in berlin. thanks for watching c to mark. t w's crime fighters are back in africa's most successful radio drama series continues for them. all episodes are available online. and of course you can share and discuss on d. w, africa's facebook page and other social media platforms, crime fighters, tune in. now imagine how many portions of lunch are thrown out in the world right now. the climate change, very hot story. this is my place, the way from just one week. how much work can really get we still have time to go. i'm going on with foot 5th. hit subscribe all morning. was like a the latest squeeze on global supply chains. a strike by south korean truckers entered its 7th day with more companies in the country are cutting operations. we take a look at the global impacts also coming up for the 1st time in nearly 5 years. trade ministers are gathering at a meeting of the world trade organization. can they agree on fr

so he lecture that cameras in your college of asia and the pacific. mr. so how high is the threat of a chinese invasion of taiwan with a war going on in your grain? at the moment, a thing the common assessment is that it's on a low side, at least for this year. and the readings are a couple. first and foremost, it's straightforward, it's less than funder ukraine conflict. we can see fund that even for great power like russia. it's proven to be medically challenging and difficult to take down ukraine with ease. now, how one has the additional natural defense in terms of the power straight making any of asian a, necessarily. and phoebe as one which is much more complicated to maneuver in china, learning from that in china. i was thinking, i better make sure that i have everything prepared before i give it a try. so i think there is confidence at the moment that is for now. that will be stability and tell much great. what about taiwan preparations? what is taiwan strategy to counter a possible chinese invasion whenever it comes men of the chinese field, they

paul: you are watching daybreak asia from new york. shery: we are counting down to the major market open. asian stock and bond investors brace for a rough start to the week after a record high u.s. inflation which caused a fed to increase monetary tightening. jay powell faces a tough choice and may have to push the u.s. economy into recession to regain control of prices. china issues what are the strongest warnings hit on taiwan as beijing stand on the taiwan strait worries washington. we look ahead to the open in japan and maria, new zealand training, but of fed asking for the fed to add. japan futures are up 3.5%. this is a banking group in japan saying we could reach the ahead of the week. looking at the bonds market as well, we see the treasuries, particularly in the shorter duration, pulling out this morning. the q. week 10-year above 4 -- the kiwi 10 year above 10%. shery: that two year treasury yield popping through through percent level. we have the five year yield, the highest since 2008. burning and signaling that the economi

that's it from daybreak asia. our markets coverage continues as we look ahead to the start of trade in hong kong, shanghai and shenzhen. standby for bloomberg markets china open. this is bloomberg. ♪ (police radio call) (sirens) (news report) (sirens) (news report) >> institutions need to be very prudent, focusing on liquidity. it is time to prayer -- to

ah, i british manager, welcome to d, w. news asia that you could join us. the warden ukraine has forced i want to re focus on howard defends itself from a possible chinese envision in recent on speaching has stepped up military guns into ty, wants air defense identifications on raising a lot levels on the island. taipei is now thinking of improving training for it's nearly 2000000. reserve force investing in specialized weapons and civil defense. and there's also a greater willingness among people to be prepared to take up weapons. should the time come? ah, yes, they are taiwanese civilians with a new purpose beyond their day jobs. they are regulars at a combat skills training academy. oh, the weaponry looks and feels authentic with the hardware in a country with strict gun ownership laws fires 6 millimeter rounds made of non lethal hard plastic. as the war in ukraine has spurred debate about how taiwan should bolster its defences, including compulsory military service. people like suit chun want to get out front . so chun is a tattoo artist by trade. he ke

slash asia. you can follow us to on facebook and twitter at dw news. i'm jarred radian, berlin, thanks for watching. see to mark. and it's time for a change in perspective, innovative and playful. and all the way up in architecture. and what have corona virus was the start of something completely new. and it's time to rethink and redesign arch $21.00. and next on d w, they want to know what makes the germans do just in the german love via batting the for away from stuff. but i'm not even know how to work my own car and everyone with later holden every single day getting. are you ready to make the german and join me? rachel stuart on d. w. ah, ah smith. find your solution, especially with regard to a 2nd dispute to sure. hm. mm hm. the construction sector.

w. news asia. you've spoken out very thoughtfully on the conviction of these opposition party members in cambodia on twitter to day. you called it an outrageous violation of rights. could you run through exactly what you mean? while these people have been hit with trumped up charges and basically dragged in front of a court that is not independent is a kangaroo court that does the bidding of our, the ruling party and the prime minister of cambodia. and what we're seeing is no real evidence produced at these trials to prove the cases of incitement, ah, or conspiracy that these people are being accused and have now been convicted of again, it is just more of the same from cambodia. it's a single party state that is using unfair laws and unjust courts to go after the opposition and put them away for long prison terms. it is again an action by the cambodian government to try to wipe out what remains of the political opposition and further narrow political space in the country. now the u. s. cambodian l

we se asia is a priority for my government. we will appoint i dedicated high level roving regional envoy. we will also establish an office of south east asia in the department of foreign affairs and trade and jeremy for more from ma jakarta is i aisha, pacific bureau chief guild matters guild and australian commitment to battling climate change. is this what indonesia has been looking for here, let me give you an example of only a couple of days back. basically the giant seawall in semerano, the capital city of central java a gave way and basically though, having parts of the entire city flooded. so the issue of global warming of rising sea level is a very much on the agenda, off indonesian politicians, but also the o population in indonesia. so the offered by the australian prime minister are to us with, but offer technical support for building an environmentally more stable, more friendly, new capital in indonesia was something was very much welcome. and then of course, you have the issue off, you cia, solar potential in indo

see asia adding weekly this month and also available on demand for more information. you can head to the website ever dot com forward slash odd c asia to tomorrow, but ah, ah marks v e n i c e r klemmer's guide. mm hm. singapore. and how do artists work with different identities with on d w? ah, we got some hot tips for your bucket list ah magic corner hotspot for food and some great cultural memorials to boot w travel off. we go, ah, who hang up or if a city of dwelling identities, east and west o n. u, traditional and contemporary as a young artist navigating these 2 isn't always easy. so for the next.

asia. a perfect guest to have, ayaz ebrahim merging markets portfolio manager at j.p. morgan. it has been a long time. ayaz: lovely to be here. yvonne: i would you say how your funds are doing given how the volatility is? ayaz: needless to say most of our funds are in negative territory, but we are long only, we are not long short. we have had a good run for a few years. but where do we go now, i guess? that is a question i am sure i will be asked now. david: let's do that. [laughter] where do you think we go second-half? ayaz: world is definitely still uncertain. there is volatility. risk is still there. the two key things still, the conflict in europe, there are still covid restrictions in the asia. so the risks are still out there. having said that, if we look at the covid restrictions, they have got to start using. china -- to start easing. we are starting to see investors are looking at good value in stocks in these areas. the valuations in china today, even though a lot of earnings re

and if you like asia and ot, you can watch t w program ot c asia, adding weekly this month and also available on demand for more information. you can head to the website over dot com, forward slash odd c asia to tomorrow, but ah, she's got he, she, she thought they will grade, he will be the 175 years ago. the young start up entrepreneur at a specific goal. 1 build the best article instruments in the world. indeed, his wish has become a reality. 175 years of science starts june 19th on d. w. ah, getting grain out of ukraine brushes, foreign minister says his country is ready to ensure the safety of ship leaving ukrainian ports. also on the show, we shine a light on europe's dependence on china solar industry. this is the w business. i'm janelle dumas on russian foreign minister, sergei la rob says moscow will allow ukrainian food exports to leave ukraine. after talks with his turkish counterpart in ankara, he said russia agreed not to exploit the situation surrounding ukrainian grain shipments. ukraine is one of the world's largest exporters of wheat horn and sunflower oil. but the war and ru

haidi: watching "daybreak: asia." annabelle: we are counting down to asia's market opens. shery: markets are betting the fed is sector of london gradualism -- set to abandon gradualism and move more forcefully toward a bigger rate hike. the selloff in stocks and bonds intensifies, the dollar rallying, and the yanda sinking to a 24 year low. class hong kong's chief executive admits that covid policies weakened the city's status and cost lives. >> had we adopted more aggressive measures at the very beginning and protected the elderly better, especially the elderly homes, perhaps we would see a lower number of deaths. haidi: we are getting south korean jobs numbers. the unemployment rate seasonally adjusted for may coming in at 2.8% higher than expectations of 2.7% and higher from the previous april reading of 2.7%. we are looking at the 935,000 jobs added in may from a year earlier so, missing expectations a little bit, but overall, the jobless rate remaining low in what is seen as a sign of resilience in the economy. the government is seen to be holding up in the face of ac

you can focus on south east asia. is it correct to say that all eyes are on us and china this weekend? would you say that? i think a lot of the meetings that you'll see take place will be through the prism of us china relations. so the 2 defense ministers just met, but there are a lot of other meetings happening that where that will be a topic of conversation the us trying to relationship. the thing important prime minister least in long when he's asked what singapore it's most important bilateral relationship. it says that the us, china, bilateral relationship effect all the other countries in the region as well. the developments in the asia pacific pacifically relating to security specifically pacific countries like the solomon islands. but also more recently, cambodia that has caught the attention of defense officials around the world. what comments you have on the white page really has united states on the back, but they're developing these agreements with for example, and also with the solomon islands, both of wh

kathleen: this is "bloomberg daybreak asia." we are counting down to asia's major market opens. asian stocks had their best move in a month yesterday, but with stocks falling out of in the u.s., bond yields rising, what day will asian stocks have today? haidi: this bear market loses steam pretty quickly. we see rising crude prices, the return of fear when it comes to treasury markets as well, the push as to whether we see the end of the bear market or whether any of the pricing moves are just a pause. kathleen: let's take a look. we have about eight seconds counting down. the big question is, does the rally fomenting yesterday continue or stall out? investors around the world are asking as the mark critz -- markets are opening in asia and korea. let me take a look, we have the nikkei actually opening a bit lower, one quarter of a percent. u.s. stocks did manage to rally earlier in the day. we have u.s. futures actually starting a little higher now. we can see the japanese yen -- actually the dollar yen is rising. mostly staying in a range here. a lot of expectations it will cont

then you go over to asia and here in asia, the big focus is on china. china has been opening up. we are seeing shanghai fully open up, businesses open up. these are small steps but they add confidence to the market. there are some analysts saying we could hit prices we have not seen since then as well. potentially hitting and all to -- a new all-time high. there are a lot of bullish element pushing up prices and they could for the next several months. >> i thought it was interesting what you said about geopolitics. that is to not going to be enough. >> we have seen some reports come out about the u.s. alone i ran into the market. there has not been a nuclear deal. this could be added back to the market if the u.s. consented to shift to other areas. there are a lot of possibilities on that front. russia is the noise producer, and enormous exporter. he could be asking for saudi arabia template more. that could be one of the areas that could add a lot more balance to the market. let's see what happens on that front. >> and whether they are willing to isolate. we are washing the pass

let's look at asia. there's no doubt one of the things besides supply chain and commodity prices due to the war in ukraine, the world bank is worried about global growth, but the gdp forecast and weak demand is all there. when we look at east asia pacific excluding china, gdp forecast was higher. indonesia, philippines, malaysia all expected to rebound. south asia, even india having the big meeting today will have its forecast revised to 7.5%. that is still pretty strong with the headwinds. east asian nations are facing. haidi: we are still reeling from the size of the rba hike yesterday. people we have spoken to are expecting more 50 basis points moves to come. the market reaction, could that indicate how much pain lies ahead? garfield: the market reaction was more about surprise than pain. it seemed relatively a calm response for markets and may be equities. when you look at the currency which soared for a minute and came back down, it ultimately end up being the best but not by a huge amount. it was o

south asia has been suffering unseasonably hot weather in recent months. in april, some places in india recorded their highest temperatures ever for the time of year . international researchers say such heat waves are 30 times more likely to happen because of climate change. greenpeace india says global heating is not only causing more illness and deaths. it is also leading to crop failures and food insecurity. d, w many are chaudhry has been speaking to farmers in my russia state in western india. they told her they have never experienced weather patterns as extreme as they are now. most stretches of land in with arbour, a region in the western state of my russia looked like this during the summer months. several districts here are categorized as climate change, hotspots, soaring temperatures, and the shortage of water makes life difficult for the millions of farmers who live here bonded unc garvey says, this is heat wave is terrible and it's almost impossible to work in these conditions. he says it's not just bombers productivity, but also how much they

asia of tomorrow. how worried are you about potential war? >> the point that he makes is that the rules-based order is important everywhere. what we are seeing in ukraine is a challenge. the behavior by russia in a completely unprovoked way, seeking to invade ukraine and other sovereign state totally contests the rules based order and undermines it. it is totally unacceptable in 2022. it is important that we stand with ukraine. paul: that is richard speaking with bloomberg. we are speaking with the director of research at an institute. let us start with the remarks from china's defense minister about china vowing to fight to the very end if i want to secede. should we expect any other message? >> they made a similar point in 2019, the last time that the shangri-la dialogue was held. they are reiterating a long-standing position. it does not mean that the tensions have not risen. we have seen the liberation army intimidate taiwan with india on the himalayan borders, and the sovereignty claims in the sea

they raised oil prices for asia by more than expected and this is being done as asia eases its covid-19 restrictions, helping boost man. it also resumes a streak of price hikes that started in february. the streak was only broken when aramco cut prices a month ago. prices soaring on this, brent crude, by the way, had hit, closed below 120. so they have already soared up to their highs. over the past year, we've seen oil prices well up over 50 percent as there has been less oil on the markets because of the sanctions on russia after it invaded ukraine. there've been the restrictions that have reduced demand in asia and those are just starting to come out. there's a big focus on price and as one trader said, there's never been a wider expectation of where prices could go from here. one top analyst saying prices remained important as energy traders have what they are calling in opec-plus hangover. there was an expectation that they would hike by a little more than expected and continued with their modest increases, so the market remained very tight. haidi: let's check in on the first wor

any one of us, ah, ah, this is d w 's asia coming up to day jostens of opposition activists convicted of, treason in cambodia. the us and rights groups condemned the guilty verdicts as politically motivated, designed to cement the hold on power of cambodia as well for terry and leda will speak to human rights watch. shortly. clos, carry lam, gives her final press conference as leader of hong kong will look back at heard, complicated, controversial legacy. ah, i'm jared raid. welcome. thanks for joining us. it's being cold. the death of cambodia is democracy. a court in the capital opened on pan has jail dozens of opposition figures they were convicted of conspiring to commit treason rights group, say the entire process was a sham accusing. long time leader who insane of using the mass trial to crack down on descent and hold on to power in the trial aimed at suppressing dissenting voices . terry sang, one of the accused made it clear she had come to defend liberty ay all across the road in a court room sang and 60 other dissidence. many of them already in exile were being tried for tre

then there is tourism, china's tourist metaphor asia a lot -- matter for asia a lot. that being zero or pretty close to zero this year will not be a major source of drag. if anything will have a continuation of the reopening dynamic. american tourist, european tourist, we'll all hold up we are seeing that in terms of demand in booking and prices and airline fares. i think that tourism, capital slow volatility, all those things will be problems for asia, but not because of china, in spite of china. >> give to a -- give that to us in the form of a trade, the favorite currency in the favorite rate trade. >> you have to go with the commodities. we are not looking at oil coming down in a inning the way independent of the narrative we are hearing from -- in a meaningful way independent of the narrative we are hearing from saudi arabia in regards to russia, for crude oil the demand stays up. unless there is a major slowdown in china. i think from the malaysian and the aussie dollar we see that the commodity upside of this currency and giving a window of relief, it if you wil

plenty more to come on "daybreak: asia." this is bloomberg. ♪ shery: er watching "bloomberg markets: asia." we are tracking the fallout of the market crunch. the port of los angeles chief says he does not foresee strikes at 30 west coast maritime herbs, even of the labor contract for 22,000 dog walkers is set to lapse on friday. the deal with the union and 70 employers started in may and will likely go past that july 1 expiration date. one of the worlds busiest ports is backing ambitious modernization plans. singapore is forging ahead with a $14 billion project to the world's biggest automated port. in one of the biggest carmaker says the industry is doomed unless electric vehicle making becomes less expensive. stellantis says the cost needs to come down 40% by 2030. haidi: delivery times are changing, significant delays since the start of the pandemic. president xi jinping has reaffirmed his support for the covid zero strategy which has seen major cities locking down for mass testing. bloomberg users can read more about t

haidi: you are watching "daybreak: asia." annabelle: we are coaching -- we are counting down to asia's market open. shery: bond yields and the dollar again ahead of friday's crucial u.s. cpi numbers. ashli babbitt u.s. listed shares tumble after chinese regulators did not a bloomberg report of talks to revive the ant group ipo. plus public hearings on the january 6 i talk begin assuming, with the house committee promising -- of the january 6 capitol attack begin soon, with the house committee promising new evidence. haidi: south korea's april current account deficit at $79.3 million. the april goods trade, falling to a surplus of 2.98 billion dollars. we are also hearing from the bank of korea governor, delivering a speech at an event on the 72nd anniversary of the central bank. he is talking about the economic damage from the inflation correct, saying damage to the economy will be greater if they may set the timing on the rate hikes. we did hear from the bank of korea's deputy governor saying that it is not appropriate to hi

>> you are watching "daybreak: asia." >> counting down to asia's major market open. shery: cryptocurrency swings highlighting the fragile sentiment in markets. central banks tighten to tim inflation. a cautious start to the week for asian investors with stock futures next as oil climbs. the biden administration set to reject china's claims that the taiwan strait is not an international waterway. annabelle: we are setting up for a cautious start to the week in asia, first with australian futures pointing to the downside, a rough week in the previous sense and -- previous session. the housing market has been weighing on the banking sector. new zealand doing well, still in the red, though. japanese features also a little higher this morning. yen weakness could be a factor. checking the boy for fx moves. we are seeing the dollar trade in a tight range. a focus on where we are seeing the yen trade. one for five is what we are heading toward. -- 145 is what we are heading toward. we are keeping an eye on the aussie dollar, a little higher against the green back. not really

, a financial technology, research and consulting firm focused on asia. welcome to the program name. according to the economist, the market value of crypt occurrences was almost 3 trillion dollars in november. then it fell to 2 trillion in april. now it's at 1.2 trillion. could this be the beginning of the end for the crew to currency? so i mean, i think it is a bold statement because character, different beast based office on columns. because left corner corner issue over the last 10 years, one being becomes very prominent. bitcoin is capable of come about a full baseline can retrace more than 50 to 75 percent and it is capable of recovering those losses within quarter's if not months. in fact, we have a history making, you know, what invested entry is the when it comes to bitcoin important factors from a price perspective in the, the knows for each year. and if we look at the trend for the last 10 years, you see higher nurse form and each and every single year. so that gives a currently keisha. this is an upward trend. number 2 is the dr ability are mor

welcome to "bloomberg markets: asia." rishaad: we have stocks, futures and bombs falling as rising inflation that's sentiment and raises hawkish pressure on the federal reserve. haslinda: the yen. touching the level of 135. the japanese monetary easing policy increasingly stands at odds with developed peers. rishaad: last chinese authorities are imposing covid restrictions, raising concern over a return to stricter lockdowns. let's look at the market action. treasuries in focus. bonds under pressure. some parts of the treasury yield curve inversion. we also have bitcoin in their midst. the island central bank governor talking about interest rates. here is annabelle droulers having a look at what is going on market wise. annabelle: it is right across the screen. the thailand central bank governors saying that too slow rate are not a good thing. korea is selling off the most since november 2020. india is the next major market we're are seeing coming online, futures went into a weaker start at the start of trade. in the fx s

asia down 2% right now. take a look at gmm, you are seeing risk off move, there is a bid for treasuries here as well as bond markets in asia. the dollar is firmer and we continue to see commodities deep in the red. this is bloomberg. ♪ >> in silicon valley and beyond, this is bloomberg

>> a lot of countries in asia do feel that. they don't want a bipolar world where they have to choose. i think the issue between the u.s. and china, he looked at the ukraine crisis, they are not really acting in a way that is honest and forthright with each other. most of the time they are not talking to one another and when they do, they don't really trust what each other are saying. >> given this meeting, i am wondering if there is anyone that could take more of a security role in the region? >> i think it would be interesting to watch japan. we have the prime minister giving the keynote. japan is now quite an extrovert presence in the region. i think countries in southeast asia look to japan and the adults in the room. they know japan is an ally of the united states. they know that japan is a sensitive legal ground. i think asia will be watching prime minister she and seeing how he threads the needle between the two giant. could you write the communique given the entrenchment of these sides? because we don't have one which i

that is it for daybreak asia. we take a look at the start of trading in hong kong, shanghai and shenzhen. this is bloomberg. ♪ ♪ david: this is my kitchen table and also my filing system.

it is time for asia to act. david: there is that big gap between, in the eyes of your employer and in the eyes of the law, in terms of partnership recognition. so since last time we spoke, i think it was late last year, what progress has been made as far as your conversations with policymakers, if any? masa: yeah, so i the time we spoke, only 25 percent of the total population in japan when it comes to partnership, what took introducing same-sex partners certificates in november this year, it is going to be covered. the majority of the population is going to be covered. the number is around 60 to 70% of the populace. so again, it started from a very small number and now spread across japan. and now what is happening is that this is a time for the government to move. june is pride month, but also june is an important month for japan. osaka is giving another on the 20th of june and we see that the second judgment from the district court. that is a big milestone for us. yvonne: for a lot of banks like goldman and m

inflation concerns still way on asia stocks -- still weigh on asia stocks. dani: that to get a bit of reprieve this morning. that trade coming in stronger than expected. asia stocks down .25%. hong kong tech done more than one point 4%. it has done better in recent days given hopefulness around regulation. s&p 500 futures, not too much to talk about here. same goes for nasdaq futures, which are underperforming. inflation is going to turn to inventories building up. following through to the european future session. tom: currently down .4% after two days of losses. looking ahead to that key decision for the ecb. expected to end the purchase program. we will leave it there for now. in terms of what is happening on asset classes, euros up a 10th of a percent,. close to do basis points higher this morning. watching those euros on peripherals today on the back of that decision. brent 124, gaining .4%. china and that demand from china as the restrictions continue to ease, it is clearly going to be a factor in terms of demand for brent. dani: let's get back to the t

that is a balancing act particularly acute in asia. juliette: james, we're going to have more with you. staying with me here on the singapore set. let's head to sydney now and get the first word news with paul allen. paul: rba governor philip lowe says he expect the central bank board to discuss a rate increase of 25 or 50 basis points at their july meeting, but he told an audience in sydney that market pricing for a cash rate near 4% by year's end is not particularly likely. he says inflation may inflate to 7% in the final quarter and will only ease early in 2023. >> in that meeting, in the minutes you will see we discussed the possibility of a 25 basis point increase or a 50. in the end, we decided on a 50 basis point increase. i would expect we would have the same discussion again at the next meeting. paul: ukrainian president volodymyr zelenskyy says his nation is facing an historic week as the european union's 27 member states decide whether to approve its bid to become a candidate. all member states must agree. they'll reach a de

celia hatton, asia—pacific editor for bbc world service. these are difficult days in many parts of the world, and the news can seem really relentless at the moment. still, we've heard from two bbc experts earlier on in this programme, justin rowlatt, talking about the efforts to cope with climate change, and steph hegarty, who was discussing food supplies for a hungry world, and they were both, perhaps surprisingly, optimistic that human ingenuity and scientific progress will be able to see us successfully through these immense challenges to our very existence as a species. a noisy, destructive, quarrelsome species, true, but a remarkably inventive one as well. that is it from this week's unspun world. i hope to see you again soon. until then, goodbye. hello again. of course, the heatwave is well and truly over and temperatures have been tumbling, a reminder on friday in suffolk the hottest day of the year so far where we had temperatures reach 33 celsius. compare friday afternoon with saturday afternoon, the same location was 19 celsius co

were 3 quarters in asia. so we cover 18 regions of rational federation, the cause of one being woman's, which speaks a lot about our mandate, the fathers to on the corsica, which is 9 times zones away. so i spent quite a bit of time in their place. now, there is a stereotype. governance in russia is extremely centralized, but if one looks deeply into the administrative history of russia, it tends to be the remote regions suffer from the shortage of governance rather than excess of a due to remove the lack of logistics infrastructure. sometimes the resentment of the, of the local population. you've been minister for less than 2 years. what would you say are some of the biggest challenges that you have to face? well ahead quite the long preparatory period. the chief executive officer is development funds. so i put count almost 9 years of very close, deep involvement in for eastern and those are the aspects. and the key fact i would like to say is we have a total new breed of governors. very important. those peo

and if you like asia and ot, you can watch the w's new program off. see asia adding weekly this month, and also available on demand for more information. you can head to the website, did ever dot com forward slash odd c h ship you tomorrow, but ah, imagine how many pushes lunch us her out in the world. climate change very often story. this is my plan, the way from just one week. how much work can really get we still have time to go. i'm going with what happened to 175 years ago. the young start up entrepreneur at a specific goal. 1 build the article instruments in the world. good size. do you wish has become a reality? 175 years of the size starts june 19th on w. ah, getting grain out of ukraine brushes, foreign minister says his country is ready to ensure the safety of ship leaving ukrainian ports. also on the show, we shine a light on europe dependence on china, solar industry. this is d w. a business. i'm janelle dumas on russian foreign minister, sergei la rob says moscow will allow ukrainian food exports to leave ukraine. after talks with his tur

asia year to date. msci asia-pacific index down 19% thereabouts. if we stripped japan out, a decline of 17%. the world index meanwhile so far down 22.5%. if you take out the u.s., about 20 and a half percent. the biggest fall for energy. infotech the biggest industry group down. the best one is energy, up nearly 7%. yvonne: you have to wonder if china is a big part of that. three straight weeks now where they have done better than what you are seeing in the u.s.. everyone is dealing in the u.s. with inflation. we heard the comments from janet yellen. let's take a listen. >> we have had high inflation in the first half of this year. that locks in high inflation for the entire year. i do expect in the months ahead pace of inflation is likely to come down although remember there are some the uncertainties relating to global development. rishaad: chief asia correspondent -- economics correspondent enda curran is with us. somewhere suggesting 12% plus if he took the basket we had in the 1970's when jimmy carter was president. >> several experts came out

asia has -- 300 million people. asia has over 4 billion people. ultimately, a valuation is a valuation. it's a proxy for the impact we want the platform to make. the mission of the company is to unleash real-life superheroes. it is not to be the richest company, the most valuable company. we want to, you know, make impact in a big way. that valuation is really a proxy for how we think about the impact. >> we are and qatar, and qia is one of your investors. hua fung: they are. martial arts travels very well in the middle east is no different. with qia's investment in december of last year, we are making very deliberate plans to expand in the middle east. we should be expecting very interesting announcements in the very immediate future. manus: what is it that the sovereign wealth fund wants? do they want you to be a walking global replica of ufc? hua fung: oh, no, no. we are hardly a replica of the ufc. we are based in asia, where martial arts is from. . its thousands of years of history -- it is thousands of years of history. very successful, not

why is crypto currency so popular in asia, particularly in vietnam? >> i think for many of the reasons brian mentioned. it is a speculative asset, and when you look at the various jurisdictions across asia, directly china runoffs and the stock market. people see crypto currency and speculative asset classes as a way to make a lot of money. whether that be real estate or the stock market or now crypto currency. and so i think a lot of investors or retail speculators are treating it like that, so that is why we are seeing a lot of adoption. there are certain use cases though. when you are trying to move money around the world there are a lot of fees involved in making transactions. so cryptocurrencies can see these niche use cases in many emerging markets were oftentimes moving money cross-border is cheaper than using traditional currencies. and so i think outside of the speculative asset, there are some use cases, but as was hinted at before in places like el salvador, spending on a day-to-day basis, we really do not see that adoption at this point. ha

, asia, to be unto told, al jazeera, his country and many others. don't want to take sides. the united states health help us many, many times. over in our own critical moments. but china also, china is also help us diagnose also defended us. thank you very much for officials from the 5 power defense arrangements packed, also met on the summit side lines. the defense ministers of malaysia, singapore new zealand, australia, and the u. k. say the historic packed has modern relevance in the face of tensions in the region. a world where either pre complex strategic challenges, china's defense minister will address the summit on sunday in a speech that's expected to outline bay chinks vision for meeting those challenges . ok. let's bring in jessica washington. now he joins us from that singapore. hello there, jess, what are we expecting on this last day of the conference? ah, and we, as you mentioned, it is the last day of the shangri la dialogue is 3 day security summit that takes place here in singapore has been rather remarkable to witness this flurry