Oil surged after the US struck Iran's three main nuclear sites and threatened further attacks, exacerbating a crisis in the Middle East and stoking concerns that energy supplies from the region could be disrupted. The US assault — which targeted sites at Fordow, Natanz, and Isfahan — dramatically raises the stakes in the confrontation by increasing the premium that traders are pricing into the global energy market. The extent of the gains will hinge on how Tehran opts to respond to the US moves....
Jun 23, 2025•19 min
Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S GDP and personal spending data and Nike earnings. In the UK – a look ahead to TheCityUK's annual conference. In Asia – a look ahead to Bloomberg’s China economic survey. ----------------------------------------------------------------- Guests: -Michael McKee, Bloomberg International Economics and Policy Correspondent, to preview next week's U.S GDP/p...
Jun 20, 2025•39 min
US equity futures moderated declines early Friday as President Donald Trump weighs whether to back Israel militarily in its conflict with Iran. Contracts for the S&P 500 were down around 0.3% from Wednesday's close in early Asia hours, compared with a 0.9% drop on Thursday when US markets were closed for the Juneteenth holiday. While traders were offered some short-term clarity as the White House said Trump will decide within two weeks whether to strike Iran, the remarks did little to resolv...
Jun 20, 2025•20 min
Senior US officials are preparing for the possibility of a strike on Iran in the coming days, according to people familiar with the matter, a sign that Washington is assembling the infrastructure to directly enter a conflict with Tehran. Meantime, there are a lot of unknowns about the outlook for the economy and interest rates, but Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming. Policymakers voted unanimously to hold interest rates steady ...
Jun 19, 2025•22 min
Oil climbed and most stocks in Asia followed losses on Wall Street as concerns mounted that an escalation of tensions in the Middle East will trigger a more direct US involvement. West Texas Intermediate crude rose as much as 1.1% in early trading Wednesday after settling at the highest in almost five months the previous day. US equity futures slipped, as did Australia’s benchmark index and Hong Kong futures. Staying with geopolitics, The White House's review of the Aukus pact — a security arran...
Jun 18, 2025•26 min
President Donald Trump called for the evacuation of Iran’s capital Tehran on Monday, hours after he urged the country’s leadership to sign a deal to limit its nuclear program and Israel signaled strikes would continue. It wasn’t clear if Trump knew of a fresh round of attacks Israel may have planned for the city, which has a population of more than 9 million people. Israel had earlier warned one Tehran neighborhood to evacuate and video showed massive traffic jams as people sought to escape. Soo...
Jun 17, 2025•17 min
Oil climbed early Monday with investors squarely focused on escalating geopolitical tensions as Israel and Iran continue to bombard each other with no sign of a pause. Brent crude rose as much as 5.5% in early Asian trading after Israel and Iran continued attacks on one another's territories over the weekend. Israel launched an attack on the giant South Pars gas field in the Persian Gulf, forcing the shut down of a production platform, after air strikes on Iran's nuclear sites and military leade...
Jun 15, 2025•16 min
Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to next week’s Fed decision. In the UK – a look ahead to next week’s Bank of England decision. In Asia – a look ahead to next week's Bank of Japan decision. See omnystudio.com/listener for privacy information.
Jun 13, 2025•39 min
Stocks fell along with equity-index futures and investors rushed to the safety of havens such as Treasuries after Israel attacked Iran's nuclear program sites. Crude oil jumped more than 9% while gold also rose. We get the latest on what's moving markets from Mary Nicola, Bloomberg MLIV Strategist in Singapore. Plus - Treasuries rallied across the curve on Thursday, bringing the 10-year yield six basis points lower to around 4.36%. The gains were supported by the second US inflation print in as ...
Jun 13, 2025•19 min
US equity-index futures dipped along with the dollar after President Donald Trump said he will set unilateral tariff rates within two weeks, dialing up trade tensions once again. The comments come a day after Chinese and US officials struck a positive tone following their talks to dial down trade tensions. Amid US talking with countries including India and Japan to lower the levies, some investors see Trump's comments as an effort to ramp up urgency in talks. We talk markets with Zachary Hill, H...
Jun 12, 2025•17 min
The US and China de-escalated trade tensions, agreeing to a preliminary deal on how to implement the consensus the two sides reached in Geneva, negotiators for both sides said. While the full details of their accord weren't immediately available, US negotiators said they "absolutely expect" that issues around shipments of rare earth minerals and magnets will be resolved with the framework implementation. We get reaction from George Schultze, Founder and CEO at Schultze Wealth Management. Financi...
Jun 11, 2025•16 min
Asian shares edged up, buoyed by expectations about the US-China trade talks as officials struck a positive tone after the first day of negotiations. While no significant breakthroughs were announced after the first day of talks and stocks pared some of their earlier gains, US officials sounded optimistic about the negotiations. With a key inflation read on tap Wednesday - and the Federal Reserve is entering a blackout period before its June 18 interest-rate decision - money managers are wrestli...
Jun 10, 2025•17 min
Asian stocks opened higher Monday with the US and China set to resume trade negotiations. Adding to the optimism in the stock market was the surprise in labor data. While US job growth moderated in May and prior months were revised lower, Friday's report narrowly exceeded forecasts. We get reaction from Chris Brigati, Chief Investment Officer at SWBC. Plus - trade tensions appeared to recede between President Donald Trump and China's Xi Jinping as an impasse on critical minerals was broken, pavi...
Jun 09, 2025•17 min
Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S CPI and PPI data and Tesla’s Robotaxi launch. In the UK – a look ahead to London’s Tech Summit. In Asia – a look ahead to readings on Chinese exports, as well industrial production and retail sales. See omnystudio.com/listener for privacy information.
Jun 06, 2025•39 min
Tesla shares slumped 14% on Thursday as President Donald Trump proposed ending Elon Musk's government contracts and subsidies after his onetime adviser attacked the Republican's tax-policy bill. Musk also said he would end the use of SpaceX's Dragon spacecraft and called for Trump's impeachment. The Tesla move weighed on US benchmarks Thursday that had earlier risen as Trump and China's President Xi Jinping agreed to further trade talks. Trump said talks would begin shortly at a location to be d...
Jun 06, 2025•20 min
Treasuries rallied as tepid US economic data reinforced expectations for Federal Reserve interest rate cuts this year. The 10-year Treasury yield fell 10 basis points to the lowest level in almost a month. Equity-index futures for Asia were mixed while an index of US-listed Chinese shares rose 2%. We get a read on markets from Willem Sels, Global Chief Investment Officer at HSBC Global Private Banking and Premier Wealth. Plus - economic activity declined slightly in the US in recent weeks, indic...
Jun 05, 2025•21 min
Left-leaning challenger Lee Jae-myung won South Korea's presidential election, ending three years of conservative rule in a race that was largely a verdict on his ousted predecessor's botched attempt to revive martial law in the longstanding US ally. Lee, a former labor activist, won Tuesday's election with 49.4% of the vote, a comfortable win over Kim Moon-soo of the incumbent People Power Party, according to the final count released by the National Election Commission. The agency, which said v...
Jun 04, 2025•18 min
Asian shares were off to a tepid start at the open Tuesday after a rebound in big tech drove US stocks higher. Bonds fell as the dollar hit its lowest since 2023. Wall Street kept a close eye on the latest twists in the trade war, with the US extending the exclusion of Section 301 tariffs on some Chinese goods until Aug. 31, according to a notice issued by the US Customs and Border Protection. Trump and Xi Jinping will "likely" speak this week, according to the White House. We talk markets with ...
Jun 03, 2025•16 min
Tariff headlines are once again dominating markets after a legal back-and-forth last week on the status of Trump’s century-high levies. On Friday, President Trump said he would double tariffs on steel and aluminum imports and accused China of violating an agreement with the US to ease levies. We got reaction from Carol Schleif, Chief Market Strategist at BMO Private Wealth. Plus- we go to New Zealand, where demand for 'golden visas' has increased under looser rules. The country has eased its rul...
Jun 02, 2025•21 min
Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the U.S jobs report. In the UK – a look ahead to the ECB’s monetary policy decision. In Asia – a look ahead to economic data in Vietnam. See omnystudio.com/listener for privacy information.
May 30, 2025•39 min
A federal appeals court offered President Donald Trump a temporary reprieve from a ruling threatening to throw out the bulk of his sweeping tariff agenda, giving at least some hope to a White House now facing substantial new restrictions on its effort to rewrite the global trading order. Meantime, Asian shares and US stock futures declined as uncertainties around President Trump’s tariffs whipsawed the markets. For more, we spoke to Mary Nicola, Bloomberg MLIV Strategist. Plus - the US equity ma...
May 30, 2025•19 min
Nvidia Corp. Chief Executive Officer Jensen Huang soothed investor fears about a China slowdown by delivering a solid sales forecast, saying that the AI computing market is still poised for “exponential growth.” The company expects revenue of about $45 billion in the second fiscal quarter, which runs through July. New export restrictions will cost Nvidia about $8 billion in Chinese revenue during the period, but the forecast still met analysts’ estimates. We got reaction from Daniel Newman, CEO ...
May 29, 2025•21 min
Wall Street kicked off the week with a rally in stocks as consumer confidence rebounded sharply while the US and the European Union sped up trade talks. A global surge in bonds also helped sentiment. We got reaction from Clark Geranen, Chief Market Strategist at CalBay Investments. Plus - Eastspring Investments just released their mid-year market outlook and said that they see greater upside potential for Asian and emerging markets as the dollar weakens and investors looking to diversify their p...
May 28, 2025•19 min
BYD Co. led Chinese electric vehicle stocks lower in Hong Kong on Monday, as investors digested the auto giant’s sweeping price cuts of as much as 34% late last week. We got reaction from Bloomberg's Asia Transport Reporter Danny Lee. Top trade officials from the European Union and China are planning to meet again early next month, another sign that both sides are stepping up engagements as they try to push back against tariff pressure from Donald Trump. News of the sit-down comes as President T...
May 27, 2025•20 min
At the end of last week, President Donald Trump threatened to impose a 50% tariff on the European Union starting June 1st after complaining the bloc was slow-walking negotiations and unfairly targeting US companies with lawsuits and regulations. Now today, President Trump said he would extend the deadline for the EU to face 50% tariffs until July 9 after a phone call with Commission President Ursula von der Leyen. We get market perspective from Stephanie Leung, Chief Investment Officer at StashA...
May 26, 2025•20 min
Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to GDP and personal spending data, and Nvidia earnings. In the UK – a look ahead to Poland's Presidential run off election. In Asia – a look ahead to the upcoming Bank of Korea decision. See omnystudio.com/listener for privacy information.
May 23, 2025•39 min
Asian shares posted a modest gain early Friday, after a rebound in Treasuries and the dollar eased some concerns about US fiscal policy. A regional stock gauge advanced 0.4% on gains in Japan, Australia and South Korea. US equity-index futures fluctuated in early Asian trading after the S&P 500 ended fractionally lower for its third daily decline. Treasuries steadied after rallying across the curve Thursday on moderating US fiscal concerns. We get market perspective from Eric Sterner, Chief ...
May 23, 2025•21 min
Asian shares were mixed and Treasuries continued their slide at the open Thursday following losses in Wall Street on concerns about the US's ballooning deficit. Treasuries fell across the curve Wednesday with long-term debt bearing the brunt as the 30-year yield rose 12 basis points. Tepid demand for a $16 billion sale of 20-year bonds rekindled fears over US government borrowing and budget deficit. That sapped sentiment after a sharp rebound in risk assets over the past month and revealed struc...
May 22, 2025•23 min
Benchmarks in Australia, South Korea and Japan all climbed in early trading Wednesday, pushing a gauge of Asian shares 0.4% higher. Geopolitical tensions may add headwinds to the markets, which had calmed recently after a month of turmoil from the tariff blitz unleashed by US President Donald Trump. We look at how the tariff story is resonating through the Asia-Pacific with Helen Zhu, Managing Partner and Chief Investment Officer at NF Trinity. Plus - oil rose after CNN reported that US intellig...
May 21, 2025•19 min
Asian shares rose for the first time in four days, mirroring gains in the US that placed the S&P 500 index on the brink of a bull market. A regional stock gauge gained 0.5% after the S&P 500 index climbed for a sixth straight day. Shares in Hong Kong advanced 0.3%, with Contemporary Amperex Technology Co. Ltd. jumping 13% in its local debut. Treasuries were steady after whipsawing on Monday with the downgrading of US debt by Moody's Ratings. US equity-index futures edged down while gold ...
May 20, 2025•19 min
