Gains there. Also malaysia, taiwan. For december. Risinge u. S. Stocks are even though u. S. Jobs came in with a low forecast. You could blame the harsh winter and tapering. They may ease off the tapering plan. Story. Japan is the main more details on that and which stocks are reacting. The yen,t exporters, and more in a minute. Gpm, 2. 7 jam this year. We could be in for more swings when it comes to market rates in china. The source of the information couldnt be more credible. They are the only ones who have the tools to control where those rates go. It is the pboc, the central bank. For lack of a better word, putting on some sort of guidance to the market on these rates. Not only will they perhaps remain elevated but they will continue to be volatile. It is not necessarily a bad thing. They are trying to reduce the credit expansion or at least places where that liquidity goes. It has gone to fairly inefficient industries. They want wont step in as often as they did. February 8 was the date of the report. They say the market needs to tolerate reasonable rate changes so that they can be effective in allocating resources. Also, more discipline in terms of the behavior of market players. In other words, we wont be bankrolling these debt and investment growth. They do have a lot of tools at their disposal but there is obviously a limit to the f is busy of those tools. The efficacy of those tools. The specter of more defaults does manifest itself. What about that . Of take the argument the pay now or take the pain later but you dont know how much pain it will be. These trustot of funds for example. 570 billion worth of these trust products maturing in 2014. To put that in context, the one that caused a little bit of a scare in january was only half 1 billion. You have much more of these products maturing. Green, the economist we talked to says the interbank lending rates are where the the today. Wants them they know what they are doing. Right. We talk about these interbank lending rates for example. It is a natural symptom of the underlying liquidity conditions in china. It is probably good that it is coming from them. Usually they are very quiet about these things until the symptoms spike up. Should be good guidance ahead. David, thank you very much indeed. We will look at that deficit here again, widening again. John is having a look at the overall impact of all that. The yen weakening, key figures out this morning. We have Consumer Confidence out a few hours time from now. This is the main reaction, dollar yen. A slight change on that. Japanese Government Bonds, you can see a half percent difference. Lets go to the obvious ones reacting to this, the exporters. Soda, nisshin steel and jtekt, the obvious gainers. Other Companies Beating estimates. You have olympus rising the most in five months, beating forecasts. Ebara, ninemonth profit, up 26 . Meanwhile, acai glass shares falling the most in six months. They forecast net income to the below estimates. Stocks, all these Nuclear Reactor plants. Andbiggest decliners today the biggest decliners of the sector. They are falling. Tepco is down by 23 . China stepping up efforts to maintain incentives for electric cars. It is getting a Subsidy Program beyond its anticipated expiring time. Subsidies will also now be cut by five percent instead of the previously announced 10 . Wants local governments to help promote electric vehicles. U. S. Jobs data will not be persuading janet yellen from her vious decision to wind back the stimulus plan. Than the far less 180,000 that economists had been looking for. It is the weakest backtoback job gains in three years. One million indian Bank Employees are expected to stay away from work over a call for higher wages. They have been offered a 10 rise but once double that. Unions are protesting proposed reforms that would allow private companies into the Banking Sector. The strike is expected to continue tomorrow. Lets have a quick look at the futures session there, singapore starting off and the nifty there , 0. 4 higher. That is building on the friday game we saw. Still on the way, asian stocks gaining after jobs data from the u. S. Tim riddle will be telling us what it all means in emerging markets. We are back with on the move. Lets take a look at the evidence we are following for you. We have Quarterly Earnings from nissan. Toyota mazda reporting strong results last week. Analysts expect profits at nissan to be up 16 as 2013 wound to a close. Tuesday, sprint down with earnings. Softbank which owns sprint wants to buy tmobile. We will have a look at the chinese economy. On wednesday, exports expected to slow down, nearly grinding to a halt. Quarter forong sands china and wind macau. Analysts expect profit to be up to a record last year as millions of chinese gamblers were pouring into macau. Those numbers out on thursday. Getting back to what is going on as far as markets go and joining us now, tim riddle. Thank you very much indeed for joining us. Have thet theme, we followthrough from that jobs data on friday. What did you make of it all . Very mixed. Be headlines are going to seen as a disappointment for markets. The underlying data, especially the revision to the upside, we had the annual revision process come through. Also in the household survey, that showed quite a strong pickup in employment. Even though the Participation Rate increased, which is a surprise, the Unemployment Rate was lower. It is almost like the employments data is going well. It is not too hot. We are not going to get the fed accelerating its tapering or any talk of, when do they start to tighten rates . Assetsort of positive and it will allow the age and region asian region to focus on its own regional domestic issues. It takes away the weight of risk aversion that seems to be coming through late january into early february. For assets and for a region, it is positive. We are focusing on what is happening in our individual countries here. When we look at that 6. 6 figure and we have the fed drawing this figure of 6. 5 , how closely is janet yellen watching that . There have been a whole bunch of said reports coming out from regionals, research departments, saying that we need to be careful about pinning ourselves to precise levels of unemployment because there are so many structural changes in the u. S. Labor market. Yellen is a labor economist. She will be fully aware of this. I think she will use the congressional statements this week to address that. She is bound to be asked about it. She is going to get quizzed and she will be pushed hard as to what the labor data really means and what the fed is going to do about what seem to be very mixed reports. I think it is going to be an interesting week. Strengthll show her and credentials this week, i suspect. Asia. s also focus in on what are the implications of fed policy right now when it comes to the way you advise your clients . Something that is very relevant. Our corporate client base especially as saying, when do they have to start fixing term funding . They have been rolling their funding needs on very low rate structure in the short term. Do they suddenly have to say, i need to lock in term funding . It is predominantly geared towards the u. S. A lot of regional rates are very closely aligned to the u. S. Rates. A lot of corporates in the through u. S. Dollars or proxy u. S. Dollars. It is going to be important how they position their funding over the next two or three years. How they may be focus on nearterm funding. They need to get the sort of fiveyear 10 year funding over the next month in place. It is hugely important. Looking at what has been going on in the u. S. Bond market , looking at 10 year yields, up 2. 8 right now, what does that price and . Are you surprised it is that low at the moment . Not massively surprised it is so low. Awould suggest that we are in 2. 5, 3. 0 range. Going out to our client base and saying, if you are doing 10 years, this is the time to lock in. It is telling us that the market got overly buoyant on the back into the endrowth of last quarter. It would have been extra ordinary if we had seen that momentum growth continue in the u. S. Ned and thee market has taken a risk aversion profile which we consider to be too great. The u. S. Is doing a solid growth pickup. It looks like it is going to be sustainable. You should lock in rates in the 10 years in the u. S. We still see right through this 3. 5. Up towards to us, this is an opportunity, not a dangerous look at markets. That is the point, isnt it . We get up to 3. 5, 3. 3 75 alarm bell forn you . No. We are talking about the u. S. Having growth pushing towards 3 and inflation well above 1. 5 . Trying to lock in the perception of Interest Rates pushing towards 2 . Of 3. 5 is still pretty benign. It needs to be. The u. S. Economy and the developed World Economy is still in recovery mode but it is in recovery. Getting yields back up towards 3. 5 to may is no big shake. It is just painful for everyone who has been relying on remarkably accommodative policy over the last three or four years. It is necessary and we have to move towards that. That is what were going to get. Great talking to you as ever. Tim riddell from singapore. How lego is building for the future. Brick by brick. Back with on the move a former Health Minister and the new governor of turkey defeated to rival candidates in an election fought on economy, jobs as well as Nuclear Power. We can get over to tokyo and join our asia columnist there. Tell me something, is this result actually surprising . It is not a surprise. It was fully expected. It has been more complicated because a turnout was so bad. We have the biggest snowstorm over the weekend in 45 years. I am still shoveling my way out of it. It was difficult to get to work this morning. That really depressed turnout to a certain extent. Still, the result is a good result for shinzo abe, the Prime Minister. Youre looking for continuity. His guy won the tokyo governorship. Many would argue that the governorship is the second or third most important job in japan. It is a very powerful bully pulpit. To have always to have all his political stars aligned, someone who is focused on restarting Nuclear Power plants the way that the Prime Minister is focused on the olympics as well. He is focused on supporting abenomics and the different reforms that shinzo abe has promised. It really is good news for the Prime Minister. It is not a surprise but it certainly is a bit of relief. Walk us through you say that he is the man there. How closely aligned are his policies with the Prime Minister , given his nationalistic tendencies . Hadnt seen a lot of daylight with regard to the domestic policies, the social policies, the welfare policies. They are very similar to what the Prime Minister has talking about. The Foreign Policy is a bit of a wild card. Governorwho was tokyo had a tendency to really say a lot of things that set the chinese and the koreans. Government into buying the islands which precipitated a lot of the tension between japan and china. What the tokyo governor does and says means a great deal. He is a bit of a wild card. We are not sure how closely aligned he is with the Prime Ministers nationalistic tendencies. We are not sure what he will be saying. We will be paying close attention. Anything the new governor says to inflame tensions in the region is not going to help. I think he will be focused more so on domestic policies. Restarting Nuclear Power plants, making sure the business of the city is getting done. It hasnt got done in some time because the previous governor had to resign. And focusing on the olympics in 2020. Absolutely. The olympics is the major deal for tokyo. Governor manage it . The previous governor had to quit, didnt he . In many ways, i think the infrastructure of the olympic planning has been going on even without a governor. This is not so much tokyos olympics as japans. Shinzo abe flute and when osiris to make the case flew to aires to make the case. For shinzo abe, these olympics are a very interesting book and. Brought the 1964 olympics in tokyo. For the family, this is a nice end. It is more of a National Affair than a city affair. Great talking to you. Ok, we are going to turn to something completely different. The most popular childrens toy, number one at the box office as well. Taking 69ovie million in its first weekend in north america. The animated film is based on legos famous Building Blocks. It edged out George Clooneys monuments men. In Enormous Growth in recent years, building brick by brick to become the secondbiggest toy maker in the world. Lego is probably the most popular toy in the world. More than 560 billion pieces have been produced since the first were made in denmark in 1949. This has made lego the worlds second largest toy company. Only mattel is larger. Unlike mattel, lego is still owned by the family of christiansen, the companys founder and creator of the brand name lego, a contraction which means play well in danish. After carving wooden planes and buses for children, he bought the first lasting Injection Molding machine in denmark and began making small talk i colored bricks that snaps together. The design was an enduring success. In fact any lego brick made after 1958 will still work with pieces sold today. Legos prime customer was a nineyearold boy. After suffering a major loss in 1990 eight and teetering dangerously close to bankruptcy, the company bounced back in part by appealing to girls and afols , adult fans of lego. Their profit grew faster than apple between 2007 and 2011. I20 19, there will be more lego beces by 2019, there will more lego people than real people on earth. In a moment, the latest round in the battle for aircraft orders. Garuda, will it be boeing or airbus . We have the market open in hong kong and shanghai. A rebound in the asiapacific, stocks on the way straight weekly the client. Olympus private coming in ahead of estimates helped by a weaker yen. Dont expect stability. A warning from the chinese central bank. Shanghai is just about to start off the trading day. The Hong Kong Open kicking off too. The regional benchmark index is reporting its first advance. Japan is leading things as well. Lets have a look at how hong kong is looking at the start of the trading day. Youre going to cnn herding start in hong kong. The reason for that, u. S. Stocks rose even though we had the jobs figure weaker than forecast the second month and a road. In a row. That means the chance of tapering is a bit less than it was before. The new fed chair addresses congress twice. Her words will be closely scrutinized. That could explain why u. S. Stocks rose. They felt stocks were falling again today. Lets get you three examples on the screen right now. Stocks, Chinese New Year sales again rising more than forecast. Im going to show you the Hong Kong Open. This is the impact. Jewelry sales are jumping the most. China mobile also downgraded. Look at the mature stocks today. Mining is you that there. Look at the stocks that are rising. China coal is also rising as well. The openingou see slightly high. Tech, services there. One stock is currently rising, . 10 ten cent . Lenovo is on the rise. Volumes are quite low. Keep your eyes on those. Right out lets have a look at what we can expect out of china this week. We have Economic Data in the form of consumer and price news. Lets get more on this as we go over to beijing. Coming out of the Lunar New Year holiday, china is showing some signs of living losing momentum . That is right, rish. At the beginning of the year, there was an expectation that we would see a strong first half of 2014 for china. So far the data is not supporting that thesis. We have had weak Manufacturing Survey data from china. At chinese ports have been falling. The Service Sector is also selling signs of losing momentum. It has been a pretty inauspicious start to 2014. Have we seen a sharp shift in Investor Sentiment away from the emerging markets . How do china play into that . Mind ishing to keep in that this is a hard landing in china causing the shift in sentiment of emerging markets. About emerging markets are increasing. Another thing to bear in mind is that all emerging markets are not created equal. Emerging markets with a current account deficit which are more reliant on external funding have been suffering more. China of course has a current account surplus. That means it is not reliant on external funding. As the fed papers, other emerging markets should be suffering more than china does. Tell us about the data we have got out this week. Inflation, export figures as well. I think the two focuses for this week should be the new loan data. We are expecting that any day this week. The central bank has been trying to raise Interest Rates to cut off the sort of surging growth in credit in china. All the fines are that we have seen very robust growth in lending in china in january. That raises questions about whether the central bank will have to do even more in terms of raising rates. The second thing which people are going to be paying attention to is the export data. There was a white red expect widespread expectation that we would see increasing Global Demand this year. So far it has been difficult to see that in the numbers. We will be looking for more signs of that when the data comes out on wednesday. Thanks very much indeed, tom in beijing. Lets get you up to speed with some of the stories which are making headlines as our. Barclays is looking into the possible theft of client information. An initial inquiry suggests details of up to 27,000 customers were taken. It is unclear how the files were