Asia/GCC Market Update - Breaking News Russia-Saudi might agree to output cuts to be extended to 2018

Hang Seng up +106.08 (0.42%) to 25,262.42

Metals move to the highs of the session, DXY trading a tight range all day so far just down slightly -0.04% at 99.206

Japanese stocks edged down on Monday morning, pressured by a stronger yen, a widespread cyber attack, and North Korea's missile test over the weekend.

Nikkei 225 19,846.36 -37.54 (-0.19%)

Hang Seng 25,262.42 +106.08 (0.42%)

Australia ASX 5,863.80 -7.10 (-0.12%)

Shanghai A 3,235.34 +6.21 (0.19%)

Shanghai B 322.63 +0.70 (0.22%)

China - Inner Mongolia Yili Industrial, China's largest dairy company, is preparing a gut-busting $850 million bid for Danone's Stonyfield yogurt business. The French food group will need to marshal all the willpower it can to resist the temptation of this rich offer. Far too many Chinese buyers of U.S. assets have left sellers in the lurch. Yili itself was thwarted by regulators on a recent deal at home. Danone has bigger interests to consider here than cash.

DUBAI - Dubai's Emaar Properties , builder of the world's tallest tower, reported a 15 percent rise in first-quarter net profit on Sunday, broadly in line with analysts' expectations.

The developer, in which Dubai's government owns a minority stake, made a net profit of 1.384 billion dirhams ($376.9 million) in the three months to March 31, it said in a statement.

DUBAI - The Dubai government said on Sunday that it had secured $3 billion in long-term financing for the expansion of its airports.

The expansion is one of three multi-billion dollar infrastructure projects that the emirate is planning to fund through debt, together with the building of Dubai's World Expo 2020 exhibition site and an extension of Dubai's Metro system.

Current prices of widely held assets:

Dollar 99.199
Gold 1229.1
Silver 16.480
Palladium 807.95
Platinum 926.3
Copper 2.5330

Brent /BZ 50.90
Light /CL 47.87
Heating 1.4969