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Philadelphia. Welcome to daybreak asia. Lets go straight to the markets open now. Juliet, i think we are seeing asian follow wall street lower. That looks like what were seeing at very early trade. Been aough there has news. From the in ks it could be more than the market has been looking for, but we are seeing weakness coming through. Performerwas the best yesterday. Signs also pointing to the fact that nintendo is likely to have a tumble when it opens. We actually saw south koreas of 1 in the second quarter. T was a little bit of unexpected come up we are seeing weakness coming through after that fall on wall street. Australias market is opening down. In new zealand, looking flat. Better than it was about half an hour ago. It had some pretty impressive trade data coming out of new zealand today thanks to good exports. New zealands market yesterday hit an alltime high. Data for investors to get through in the region today. Weve also got the philippines reporting trade data in japan. J ....
U. S. Trading day. Lets check in with julie hyman at the markets desk. This is not the outcome that most people would have expected in terms of the markets. When we saw the news there was no agreement in market. Stocks rising to the highs of the session, particularly the s p and the dow. I just looked at an intraday chart. Here you have the s p 500 and here you have oil prices. We have had some analysts coming that someicipating investors would want to buy the dip today. There is also news that there is an oil strike in kuwait cutting that production by 60 . You can see it is climbing by the highs of the day. The movement in brent is even more remarkable because it briefly turned positive and is only down by a quarter of a percent. Energy is actually the best performing group. It is up more than 1 . Kind of an amazing turn of events as we see most of the groups actually turned green. If you take a look at some of the best performers within energy. You might want to call and selectively ....
The story there, the biggest acquisition by a Chinese Company. The Technology Grab as well. They are talking about gm products. Lets get more on these stories. Lets go to Caroline Hyde. Caroline chemchina has offered to buy syngenta for more than 43 billion. The plan to take over the swiss seed maker comes as the company extends its shopping spree. The allcash offer would be the biggest yet by a chinese firm. 30 crude is trading below a barrel again. Japanese shares plunged more than 3 in less than two weeks. Biggest twoday drop in almost seven years. U. S. Industry data shows crude stockpiles increased. Analysts are predicting oil prices will climb by around 50 by the end of the year. Crude will reach 46 a barrel 48 t will trade at 48 a barrel. Guy, back to you. Guy thank you very much. Less than half an hour ago until ....
Im on edwards. Mention this and i headlines, china has made an offer. Per share, that is in cash flow to that compares to a monsanto offer previously which not all ins francs cash. Not always comparing apples to apples. Remain a Global Company centered in switzerland. Thepany could management will stay in place. Perhaps the company will be delisted. We will wait for confirmation on that. Theyre saying that the existing management will continue to run the company. Were getting numbers out of them in terms of how they perform. 13. 4 billion against an estimate of 13. 5 billion. A 2. 7 7r coming in billion. A little bit above estimate on that. They are also saying the fullyear diluted is coming in at 17. 7. They enter into agreement on february the second. Theyre saying this morning at the syngenta offer is equivalent previously, the offer had been at 4070 for the month. That wasnt all in cash. This testing to be more cash. Getting c ....