Vote. Reports suggest cyber monday in the u. S. , sales hit a new record, clipping 2 billion for the first time. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello. Welcome to todays program. Were just over an hour into the trading session here in europe. We are down once again. Decliners being outpaced by advancers by a ratio of around about 7 to the on the Dow Jones Stoxx 600. The if it is ft. Yesterday was down from 55 points. You can see at the moment, down 0. 3 . Take a look at where we stand on some of the individual sectors, as well. No sectors at the moment in positive territory. Basic resources once again. Its been a year of underperformance for the resource sector. Spot gold, bouncing off after hitting near those fivemonth lows at 1222. Copper is a little lower. The spread between west texas and brent now getting ever wider. There seems to be more u. S. Supply coming on board. The question is whether the weakness in the u. S. Prices will eventually target down brent or not. Well get into that as opec starteds. That spread certainly getting wider, as well. Lets bring in sixuan to see whats going on in the asian markets overnight. In thank you, ross. Asian markets are under pressure. The nikkei 225 ending at some 5 1 2 year high against the yens weakness. China markets reversed early weakness in todays trade. The shenzhen composite rebounded from yesterdays heavy losses. Meanwhile, south koreas kospi ended lower by over 11 is as automakers struggled on weak Sales Numbers putting the breaks on gains and pressure from the soft yen. Australias asx 200 ended lower by 0. 4 as miners take a beating over renewed set tapering fears. As for individual movers, investors favored japanese exporters, financialses and heavyweights. The nikkei has gained over 9 in last month alone helped by strong earnings and the weakening yen. Consumption related stocks rebounded strongly included some home appliances, automakers and producers. Keeping these sectors in the green is raising domestic demand and chinas structural reform. Back to you, ross. Sixuan, thank you for that. Thats whats happening in asia overnight. Lets bring you up to speed with where we stand on bond markets. 2. 79 , just below 2. 8 on the yield on the tenyear. Ism manufacturing yesterday up to a 2 1 2 year, 57. 3 would suggest the u. S. Economy is gradually regaining momentum. And on the currency markets, dollar yen now up to 103. 08, up to fresh sixmonth high on dollar yen. Euro dollar, just below the 1. 36 mark we were at on thursday and sterling just back from that 1. 64 of 11. 6 1. 6384. The aussie is the second worst performer after the g10 in the currencies. Australias Central Bank Says the countrys currency is still uncomfortably high. Those comments sending the yield down further. Little urgency for more rate cuts. Policymakers keeping them on hold. Earlier cuts are still taking effect once inflation is tamed. Joining us with his thoughts, may bank in singapore. Andy, thanks for joining us. Is the aussie dollar going to get weaker . I think generally if you look at the markets, you look at the options site, it looks like were probably going to see a bit of saturation on the short aussie. Youre probably going to see a limit about the 90 levels. But our view is tapering in the First Quarter, probably First Quarter of next year, it may go down to about 88 cents against the dollar. We have quite a few things. February may be the month to actually ease. That may weigh a bit on the aussie front. The aussie has also been something of a proxy, you know, over the last five years for what happens to the chinese economy. Is that influence waning . Theres quite a number of factors. I think if you look at it in terms of trade figures and you have forces against that, you have the yield seeking behavior, you have the differentiations given australia is a aaa rated currency. So there are defensive sectors affecting the aussie. So the china affect is affecting in terms of trade side of on things. At the same time, you have flows supporting the aussie. So you have over the next few months debt coming into play and some interest in terms of flows into the aussie asset prices. So it may stay up around these levels, about 92, 93, unless we see major policy shifts Going Forward. Lets talk about the yen. Were at sixmonth highs against the dollar. Theres now talk that we might get another stimulus package out of japan. Reuters is talking about this. What target have you got for dollar yen . For the end of the your, we were initially targeting 105. Towards 100, 105 towards the early part of next year. And end of the year, closer to the 105 levels. End of 2014 towards the 110 level. So if the policies of stimulus announcement comes out, i think the levels might start to sort of rise a bit earlier than expected. So essentially, the trajectory for dollar yen is an upward trajectory. Its the target levels that need to be shifted. Near fiveyear lows against the dollar and the pound, as well. Is the yen now back in as a Global Funding currency . Possibly. If you look at the central bank around the region, you see sort of different sort of trajectories Going Forward into 2014. The yen seems to be the one that probably instead of a more stimulus sort of approach whereas the rest seems to be cutting eu last week and the fed, the tapering and then the ecb with no stimulus at all. So it looks likely sort of funding story. Theres a differentiation there so it could be ricely so. Its interesting you talk about the ecb, because clearly they did cut rates the last time around. The most fascinating dilemma here is euro dollar, which has been absolutely stuck in a range for sort of lets call it 1. 30 to 1. 40. Is that going to change in 2014 . Are we going to see a difference between the ecb, lower for longer than the fed which on the margin which theoretically should weaken the euro . I think weve been hearing in the market in terms of flows coming in, even out ott japan into europe, moving away from the aussie front. There are risks to the aussie weakness sort of trajectory. Sort of the yen coming into the similar side of japan, there could be outflows, for example, into assets or there could be further flows into the european side. So there could be further support on this. Its linked with some of the japan policy measures if you get introduced by the end of the year. Okay. Thanks very much, joining us from may bank in singapore. Every week, cnbc is asking you to talk the trend, as well, by taking part in our online support. Are you banking on a santa claus rally for the s p . Perhaps you dont believe in santa. But u. S. Equities are up 80 . Head to traderpoll. Cnbc. Com. Cast your vote. You can have your say of course on twitter using traderpoll and let us know your thoughts by emailing us worldwide cnbc. Com. The ukrainian president is decided to go ahead with a visit to china despite protests occurring today. Prowestern protesters block aadd the building overnight. The white house has criticized the use of force and the president has admitted Security Forces acted excessively. Meanwhile, the Opposition Leader has been hospitalized following the eighth day of her hunger strike. Shes refused food since the start of the protests. Theres a new tax by thailands government to diffusion tensions in bangkok. Allowing protesters inside, tear gas and rubber bullets have given away to calmer demonstrations. The protest leader says the fight will continue. Meanwhile, Consumer Confidence has been hit dropping to a twoyear low because of the unrest. The National Transportation safety board says the new york commuter train that derails sunday was traveling at 82 Miles Per Hour when it entered a curve where the speed limit was just 30 Miles Per Hour. Four people were killed and more than 60 injured. The ntsb says the trains brakes were working properly but were applied just seconds before the crash. And pointing and clicking is becoming the preferred way to shop. Adobe says u. S. Cyber monday sales topped 2 billion for the first time, up 16 to 2. 9 billion. Adobe tracks visits to 2,000 websites. A record 18 came from mobile devices. Other trackers report even higher numbers. Ibm dish analytics, sales rose and amazon sales were up 44 as of 6 00 p. M. Eastern and ebays were up 32 . Gloo global pc shipments could be set for the most severe yearly contraction on record. The group said shipments are expected to fall by 10. 1 this year, procedure than previously projects. Ibc pointed to the increasing life spans of pcs. It added total shimts weed tohi set to decline 3. 8 in 2014. A mystery customer has been dropping tips of 11,000 some reaching at high as 10,000. The tipper is placing photos of the receipt owes an instagram page. Has tipping got out of control . Does a Tipping Culture improve services . Do you think wages and bar staff now just expect the cash . Theres big difference between u. S. And the u. S. Where in europe staff are paid and sometimes the service is automatically included on the bill. Get in touch with us. Worldwide cnbc. Com, tweet cnbcwex or direct to me rosswestga rosswestgate. Meet bitcoin jesus. Head to cnbc. Com to find out how he got his special title. Still to come, is the british Prime MinisterDavid Cameron getting any chip necessary china and fostering a new eu china trade agreement . Stephane has details for us on Insider Trading allegations on daimler. When does this relate to . What is the period . 2006 is the time. The main shareholders decided to sell a part of their eads shares. But they had access to privileged information before doing so. They knew at the time that the 380 program was facing technical problems and would be delayed. The information, when it was made public, led to a 26 decline in eads share price. Thats the reason why the investigating magistrates decided yesterday, legarde and daimler, would face trial on charges of Insider Trading and a group of former executives, the current head of sales and former ceo would face trial. Its quite a surprising decision because four years ago, ross, the french stock market regulator cleared 17 people in a separate probe. Thats what legarde and the eads said yesterday. They were surprised the case was still being play in court after the different parties were cleared by the french stock market regulators four years ago. Under the french law, they could face sentences of up to two years in jail and the maximum fine of 1. 5 million euros, which for a company the size of legarde is quite limited. Ross. Well see what happens. Stepha stephane, for now, thank you. The british Prime Minister is traveling to shanghai on day two of his visit. His comments are seen as paving the way to ensure successful business meetings with chinese investors. Andrew leung is founder of Andrew Leung International consultants joining us now. What is the perception of British Government in china compared with, say, germany or france . Well, i think the impression is quite positive. You can see whats happening on chinas twitter. David cameron is very, very popular and, of course, the uk and london hold special attraction for the chinas middle class. This is the middle class as far as investment from europe and the uk. Thats the interesting area in china. Where things are changing so rapidly. So the press has been talking about China Investment in the uk, in infrastructure, in power, but the bigger story is whats happening after the third plenum in china. The whole country is on a different trajectory, opening up all sorts of opportunities for british businesses. Its interesting. Weve got this article today apparently in one of the chinese newspapers in the global times which suggests the uk is not a big power in the eyes of the chinese, its a country to kind of travel and study. You talked about london is a great place for chinese to travel and shop. Will people view it as a place to invest . Well, i think those remarks are unlike the remarks of chinas tourist. But i think the businessmen know where the sweet spots are. The length of the uk at this point in time matches while china is trying to achieve in terms of the rise of the middle class, this shift of the countrys economy towards internal consumption, but putting emphasis on the development of financial services. For example, the internationalization and eventual compatible of the renminbi and that lends itself to learning more from the financial expertise in london. And also things like energy, environment, thats also uk is very, very strong. So i think both sides are looking at opportunities both for investments of chinas capital in the uk, but also how the uk businesses could share a bigger size of the cake. Because the uk investment is minuscule compared with other European Countries in china. Yeah. And do you think this will help london become the major offshore Trading Center for the renminbi . I think london is very well positioned, indeed, because after all, london is the leading Financial Center in the world and, of course, the chinas bands also are already being welcomed in london and, in fact, recently, the China Businesses consortium has bought a sizable chunk of the area next to the city of london. So that gives the China Business an opportunity to be near the Financial Center, bring in chinas businesses to london. But, of course, london is a launching plat for chinas businesses all around europe. So i think london is very well positioned, indeed, in terms of financial services. Boris johnson will hear you be delighted, actually, to hear you suggest london is the Financial Center of the world particularly as youre sitting there in hong kong. Which brings us on to how america feels about cameron out there trying to beat, drum up a trade agreement between china and the eu. How does that pitch against u. S. Relationship wes japan and that asian pivot . Well, of course, this is a we are seeing whats happening in this part of the world over the south china sea. It is a great power play between two world powers, the United States as the existing super power and china as an emerging challenger. So you can see the asian pivot and all these problems arising over the territorial disputes have been accentuated. And the recent launch of this air defense identification is a typical example. But over in europe, america is trying to build a massive Free Trade Agreement with the eu. Now, the eu, of course, is chinas biggest trading partner. So china is well positioned to sign a deal with the eu and the uk sees itself as a very effective booker. And thats why David Cameron is trying to leverage that to build better relationship with a riding china. Andrew, always good to talk to you. Thanks for that. Have a good evening in hong kong, andrew leung. The World Trade Organization is kicking off its meeting today. It will center on efforts to salvage a proposal for a landmark impact more than a decade ago. Whats at stake in this key conference . The World Trade Organizations dohar round turned 12 this year. But years of setbacks have eroded confidence in the wto. Now the body has given up on ever passing the deal in its original form, opting for a watered down version instead. Some say it is now bahli or bust for the global trade organization. But the wtos new chief, roberto asavito, who took over in september is determined to push the new dohar plan forward. The world will not wait for the wto indefinitely. It will move on. And it will move on with choices that will not be as inclusive or as efficient as the deals negotiated within these walls. But despite ten weeks of marathon talks, diplomates failed to seal a deal in geneva. Now a deal focuses on whether they can work out differences in bahli. Of course, many still believe in what the wto stands for. You cannot solve issues only to the bilateral or regional trade. The second one, to the best of my knowledge, is always about wto plan. And wto is the lowest common denom iter. So if you cannot have an agreement on this lowest common denominator, then you dont have any benchmark any more. Theres plenty at stake in bahli, and many are wondering if the wto will be able to profits still relevant. And lisa will be live from that wto meeting throughout the day on cnbc tomorrow. We have a press release from Johnson Controls and hi tashy. Theyre announce ago global airconditioning venture. There you go. I dont know whether that story leaves you cold, but that deal has just been announced. The email address is worldwide cnbc. Com. Still to come, the mark in north korea, the u. S. Is tied with uruguay. What are earth are we talking about . Its the corruptions index. More after this. How naughty was he . Oh boy. [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliability of fedex. Stacys mom has got it goin on stacys mom has got it goin on stacys mom has got it goin on [ male announcer ] the beautifully practical and practically beautiful cadillac srx. Get the best offers of the season now. Lease this 2014 srx for around 369 a month with premium Care Maintenance included. You can fill that box and pay one flat rate. How naughty was he . Oh boy. [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliability of fedex. Thai government and Security Forces takes a softer approach on protesters, hoping the lack of heavy handed intervention will defuse tension. In ukraine, opposition is calling for a no confidence vote. U. S. Cyber monday sales hit a new record, topping 2 billion for the first time. Were an hour and a half into the european trading day. Equi