Bloomberg Daybreak: Asia Edition

French President Emmanuel Macron pushed for more Chinese investment during a meeting with Chinese leader Xi Jinping, as Paris looks to rebalance its economic ties with Beijing and narrow a persistent trade gap. Macron said Europe, including France, needs a clearer framework to attract more Chinese direct investment. He warned that China's growing trade surplus with the rest of the world is becoming unsustainable, while investment flowing into Europe remains too low. We heard from Bloomberg China Correspondent Minmin Low. Asian equities dropped in early trading following a lackluster session on Wall Street that weighed on tech stocks and bonds, with focus turning to the release of key US inflation data later on Friday. We get an outlook from Charu Chanana, Saxo Chief Investment Strategist. She spoke to Bloomberg's Avril Hong and Paul Allen. And in the states, markets struggled to gain traction ahead of the Federal Reserve's meeting next week. We spoke to James Thorne, Chief Market Strategist at Wellington-Altus Private Wealth. See omnystudio.com/listener for privacy information.

Asian stocks advanced at Thursday's open, tracking gains in US peers after more evidence of a slowing job market boosted the case for the Federal Reserve to lower interest rates next week. We speak to Mark Cranfield, Bloomberg MLIV Strategist. In the states, data on Wednesday showed US companies shed payrolls in November by the most since early 2023, reinforcing concerns about a more pronounced labor market weakening. Swaps pricing indicated rising expectations for a December cut Wednesday, with traders assigning more than a 90% chance to a 25-basis-point reduction. Separately, US services activity expanded at a slightly faster pace, while a measure of prices paid dropped to a seven-month low. We speak to Adam Turnquist, Chief Technical Strategist at LPL Financial. See omnystudio.com/listener for privacy information.

Asian stocks traded within tight ranges early Wednesday, mirroring similar moves on Wall Street amid a lack of fresh catalysts, while a rebound in cryptocurrencies lost steam. In South Korea, Today's outperformer is the South Korean equity market. Today, the Bank of Korea reported a revised GDP growth of 1.3% quarter on quarter. It's the fastest pace of growth in nearly four years. We heard from Frederic Neumann, HSBC Chief Asia Economist and Co-Head of Global Research. He spoke to Bloomberg's Paul Allen and Avril Hong on the Asia Trade. In the States - There was a cautious rebound in the US equity market. A portion of today's risk-taking was tied to a rebound in crypto currencies. We spoke to Chris Zaccarelli, Chief Investment Officer at Northlight Asset Management. See omnystudio.com/listener for privacy information.

Asian stocks staged a rebound on Tuesday following a selloff that saw cryptocurrencies lead declines in global risk assets. Japanese government bonds were in focus ahead of an auction of 10-year debt. For more on the outlook on emerging market opportunities in Asia, we spoke to Joy Yang, Head of Product Management and Marketing at MarketVector Indexes. Plus - Almost $1 billion of leveraged crypto positions were liquidated during another sharp drop in prices on Monday that brought fresh momentum to a wide-ranging selloff. For more on what this for the broader market, we spoke to Tim Pagliara, Founder, Chairman, and Chief Investment Officer at CapWealth. See omnystudio.com/listener for privacy information.

Asian stocks swung between gains and losses following modest US gains on Friday, with investors turning focus to a slew of economic data ahead of an expected Federal Reserve interest-rate cut this month. And over the weekend, China's factory activity improved but remained in contraction in November, extending its streak of declines to a record as the country's economic slowdown deepens. The official manufacturing purchasing managers' index was 49.2, remaining below the 50 mark that separates growth and contraction for an eighth month. The median estimate of economists surveyed by Bloomberg was 49.4. For more on the week ahead, we heard from Illiana Jain, Economist at Westpac International. She spoke to Bloomberg's Avril Hong and Shery Ahn on the Asia Trade. Plus - FII Priority Asia Summit is taking place in Tokyo and it brings together key leaders and policy makers from Saudi Arabia and Japan. The summit's focus will be on robotics, AI trade, and global supply chains. And we had the chance to hear from Rishi Kapoor, Vice Chair & CIO Investcorp. He spoke to Bloomberg's Shery Ahn and Avril Hong. See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. See omnystudio.com/listener for privacy information.

Tokyo's inflation held steady in November, keeping the Bank of Japan on track for an interest rate hike in coming months. Consumer prices excluding fresh food in the capital advanced 2.8% this month from a year earlier, according to the Ministry of Internal Affairs and Communications Friday, as gains in electricity costs accelerated while those for processed food slowed. That was a tad stronger than the median economist forecast of 2.7% and matched the result for the previous month. And - China's real estate sector suffered another blow after China Vanke Co. proposed delaying repayment on a local bond, sending some of its notes plunging to record lows and fueling concerns about Beijing's willingness to support even the largest distressed developers. For more on what is moving the markets in Asia, we spoke to Paul Dobson, Bloomberg's Executive Editor for Asia Markets. See omnystudio.com/listener for privacy information.

Hong Kong's worst residential fire in more than half a century has killed at least 44 people and left hundreds missing, as rescue workers race to extinguish the blaze and Chinese President Xi Jinping urges all-out efforts to reduce casualties. Rescue efforts continued overnight after a fire that began around 3 p.m. Wednesday turned an eight-tower housing block in northern Hong Kong into an inferno, sending thick black smoke billowing into the sky. Officials said the blaze began on a section of the bamboo scaffolding encasing the complex, which is still widely used in the city. Bloomberg's Minmin Low is on site. Investors continue to keep an eye on the increasing probability of a December interest rate cut. What does that mean for Asian Markets? We heard from Hartmut Issel, UBS Wealth Management Head of APAC Equities and Credit. He spoke to Bloomberg's Avril Hong and Shery Ahn on the Asia Trade. Plus - Wall Street extended its rally on Wednesday. Tech stocks led the climb in US equities as rising expectations for interest-rate cuts helped carry traders' newfound optimism into the Thanksgiving break. Also, the latest Fed survey showed little change in US economic activity during recent weeks. The so-called Beige Book also found employment declined slightly -- and prices rose moderately. We spoke to Patrick Kennedy, Founding Partner at All Source Investment Management. See omnystudio.com/listener for privacy information.

Asian stocks extended their gains into a third day, tracking advances on Wall Street as weak US consumer data lifted bets on a Federal Reserve interest-rate cut next month. MSCI's regional stock gauge rose 1.2%. Almost all of the 11 industry groups in the index advanced, with as many as three stocks gaining for every one that fell. That came after US benchmarks posted their third day of gains. Chinese equities opened steady as Alibaba Group Holding Ltd. shares fell as much as 2.8% in Hong Kong trading after its earnings. For more outlook on the markets, we spoke to William Bratton, Head of Cash Equity Research for the Asia Pacific at BNP Paribas. Plus - US consumer confidence slid in November by the most in seven months on growing anxiety about the labor market and the economy. The Conference Board's gauge decreased 6.8 points to 88.7, data out Tuesday showed. The figure was weaker than all estimates in a Bloomberg survey of economists. A gauge of expectations for the next six months declined to the lowest level since April, while a measure of present conditions slumped to a more than one-year low. And in regards to individual stock movers, Alphabet Inc. came off session highs that had driven the search giant closer to a $4 trillion valuation, after The Information reported that Meta Platforms Inc. is in talks to use Google's AI chips. Shares of Nvidia Corp., Advanced Micro Devices Inc. and Oracle Corp. remained lower. We get perspective from Jim Worden, CIO, The Wealth Consulting Group. See omnystudio.com/listener for privacy information.

US President Donald Trump and Chinese President Xi Jinping on Monday held their first talks since agreeing to a tariff truce last month, discussing trade, Taiwan and Russia's invasion of Ukraine. Trump said the telephone call was "very good" and that the leaders spoke about purchases of soybeans and other farm products as well as curbing shipments of illegal fentanyl. The US president said he agreed to visit Beijing in April, and that he had invited Xi for a state visit next year. "Our relationship with China is extremely strong!" Trump posted on social media. "There has been significant progress on both sides in keeping our agreements current and accurate. Now we can set our sights on the big picture." But the US president's readout of the call sidestepped one issue — the self-governing island of Taiwan — that was a central focus for Xi. The Chinese leader told Trump that the return of Taiwan to China is a key part of the post-World War II international order, according to a Chinese Foreign Ministry statement. Xi also said the two countries should keep the positive momentum generated during their meeting last month in South Korea and expand cooperation, the statement said. There is a lot to be said about artificial intelligence. Nvidia reported earnings last week that beat analyst expectations. Also, the White House says President Trump is weighing whether to allow Nvidia Corp. to sell advanced artificial intelligence chips to China and will be the one to make a final decision on the matter. For more on the AI trade, we speak to Ritesh Ganeriwal, Syfe's Head of Investment and Advisory. Plus: Investors are boosting bets on the Federal Reserve cutting rates next month. For more, we spoke to Rob Haworth, Senior Investment Strategy Director, U.S. Bank Asset Management Group. See omnystudio.com/listener for privacy information.

US officials are having early discussions on whether to let Nvidia sell its H200 artificial intelligence chips to China, according to people familiar with the matter. Helen Zhu, Managing Partner and CIO at NF Trinity, recaps last week in the AI trade, and the current the appetite for risk assets. Plus, markets are looking ahead to more shutdown-delayed data and the Fed's Beige Book survey. Grace Glockner, Director of National Accounts & Investment Team Member at Scharf Investments, discusses the AI trade, the recent consumer sentiment data, and how "Steady Eddie" companies are shaping her outlook for the New Year. See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager takes a look at some of the stories we'll be tracking in the coming week. See omnystudio.com/listener for privacy information.

Japan's inflation ticked up in October, and the BOJ may be on track for a rate hike. Masa Takeda, Portfolio Manager at the Hennessy Japan Fund, discusses how Prime Minister Sanae Takaichi's economic package could address inflation. Plus, the S&P closed lower with morning gains from Nvidia earnings evaporating. Adam Coons, CO-CIO at Winthrop Capital Management, talks today's trading. See omnystudio.com/listener for privacy information.

Nvidia Corp. delivered a surprisingly strong revenue forecast and pushed back on the idea that the AI industry is in a bubble, easing concerns that had spread across the tech sector. The world's most valuable company expects sales of about $65 billion in the January quarter — roughly $3 billion more than analysts predicted. Nvidia also said that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated. The outlook signals that demand remains robust for Nvidia's artificial intelligence accelerators, the pricey and powerful chips used to develop AI models. Nvidia had faced growing fears in recent weeks that the runaway spending on such equipment wasn't sustainable. And we heard from CEO Jensen Huang. He spoke to Bloomberg's Ed Ludlow. Plus - Many Federal Reserve officials said it would likely be appropriate to keep interest rates steady for the remainder of 2025, according to minutes of the Federal Open Market Committee's October 28-29 meeting. The record of the meeting, released Wednesday in Washington, also showed "several" policymakers were against lowering the Fed's benchmark rate at that gathering. "Many participants suggested that, under their economic outlooks, it would likely be appropriate to keep the target range unchanged for the rest of the year," the minutes said. Still, "several participants" said another cut "could well be appropriate in December if the economy evolved about as they expected" before the next meeting. For his perspective, we spoke to Clayton Triick, Head of Portfolio Management: Public Strategies, Angel Oak Capital Advisors. See omnystudio.com/listener for privacy information.

Nvidia, the world's most valuable company, is set to deliver a quarterly report Wednesday that could assure Wall Street that the AI computing boom continues apace — or fuel fears that the tech industry is in a bubble. Chief Executive Officer Jensen Huang said late last month that he has orders that will deliver $500 billion of revenue over the next few quarters and that spending on new equipment is increasingly paying off for customers. Still, the bubble fears have contributed to a recent stock selloff, with investors fretting that capital spending on artificial intelligence infrastructure will create a glut. For a preview, we speak to Jed Ellerbroek, Portfolio Manager at Argent Capital Management. Plus - the New Economy Forum in Singapore has begun. Bloomberg had the chance to catch up with top business names. That includes Bob Diamond, Atlas Mechant Capital founding partner and CEO and former Barclays CEO. He spoke to Bloomberg's Shery Ahn and Avril Hong. See omnystudio.com/listener for privacy information.

US equities retreated ahead of Nvidia earnings. Matt Sallee, Executive Vice President, Head of Investments at Tortoise Capital shares what he's expecting across the AI trade. Bitcoin drops sharply from its October high. Kelvin Tay, Regional CIO for UBS Global Wealth Management, discusses what's driving the price action of markets in the Asia Pacifc. Plus, 'Baby Shark' creator Pinkfong's IPO in South Korea. Shares jumped as much as 62% on their trading debut as investors snapped up the studio behind YouTube’s most-viewed jingle. See omnystudio.com/listener for privacy information.

Crucial data will arrive for investors this week. Nvidia will report earnings, with the chipmaker seen as a bellwether for the AI trade. US weekly jobless claims data and September payrolls are set to release on Thursday. Chris Maxey, Managing Director and Chief Market Strategist at Wealthspire Advisors, discusses how these reports will impact the markets. Plus, Japan's 3Q GDP saw its the first decline in six quarters. Trinh Nguyen, Natixis Emerging Markets Asia Economist, provides a cautious outlook for emerging markets in 2026. See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. See omnystudio.com/listener for privacy information.

Asian stocks fell after uncertainty over Federal Reserve interest-rate cuts and stretched valuations in technology shares dragged Wall Street lower. Gauges in Japan, South Korea and Australia all opened weaker, even as an index of the region was poised for its third gain in four weeks. We then take you to the Citi China Conference in Shanghai, where Citi CEO Jane Fraser spoke to Bloomberg's Stephen Engle. They discussed Citi's growing presence in China, the current state of the US economy, and her views on how to deploy AI in the financial sector. In the states, investors are bracing for a flurry of economic data now that the government shut-down is over. Stocks fell, led by a decline in tech stocks was met by concern that the Federal Reserve's plans for a December rate cut maybe in doubt. For a closer look, we spoke to Mike Green, Chief Strategist and Portfolio Manager for Simplify Asset Management. See omnystudio.com/listener for privacy information.

Global shares held a three-day gain that took them to within touching distance of a record high as the US House passed a bill to end the longest-ever government shutdown. Asian shares and the MSCI All Country World Index fluctuated between small gains and losses as investors stayed cautious with limited economic data clouding the outlook for Federal Reserve policy. Yifan Hu, Chief Investment Officer and Head of APAC Macroeconomics at UBS Wealth Management spoke to Bloomberg's Annabelle Droulers and Yvonne Man and she gave her outlook on the Chinese economy. Plus - The Dow Jones Industrial Average climbed for a fourth straight day in anticipation ahead of the end of the record breaking US government shutdown. For more on the markets, we spoke to Mike Dickson, Head of Research & Quantitative Strategies at Horizon Investments. See omnystudio.com/listener for privacy information.