Markets Outlook Amid Continued US Strikes on Iran, China Eco Data
About this episode
The episode discusses the impact of US strikes on Iran and economic data from China on global markets.
Business and finance news from the Asia-Pacific. Oil rose for a third day as President Donald Trump threatened further strikes on Iran, hours after the US resumed its blockade on the Islamic Republic’s shipping through the Strait of Hormuz. Global benchmark Brent advanced 1.8% to above $86 a barrel after surging 11% in the previous two sessions. The weak US inflation numbers and a strong start to the earnings season have revived the AI trade, boosting technology stocks after a recent bout of volatility. While the data gives the Fed more room to keep rates on hold, escalating tensions in the Middle East continue to cloud the inflation outlook by threatening higher energy prices. We spoke to Paisley Nardini, Portfolio Manager at Simplify Asset Management. For a preview of the incoming economic data out of China, Bloomberg TV Host Avril Hong talked to Peiqian Liu, Asia Economist at Fidelity International. See omnystudio.com/listener for privacy information.
People in this episode
Host: Avril Hong
Guests: Paisley Nardini, Peiqian Liu
Topics covered
- markets outlook
- US strikes on Iran
- China economic data
- oil prices
- technology stocks
- inflation
- earnings season
Keywords
- oil prices
- US inflation
- technology stocks
- China economic data
- Middle East tensions
- earnings season
- Brent crude
Mentioned in this episode
Organizations: Simplify Asset Management, Fidelity International
Places: Iran, United States, Strait of Hormuz, Asia-Pacific
More episodes of Bloomberg Daybreak: Asia Edition
- Asia Markets React to China's Moonshot AI, ASEAN Foreign Ministers Meeting
- Moonshot AI Tells Investors IPO Plans, Oil Outlook Amid Continued US Strikes on Iran
- Daybreak Weekend: New Home Sales, UK Prime Minister, Japan Marine Day
- Market Analysis, US Trade Representative Jamieson Greer on US Trade Policy
- Oil Continues Gains as US Imposes New Blockade in Hormuz
- Oil Climbs as US Strikes on Iran, Eco Weekahead
Explore listener stats, chart rankings, contacts and more on the Bloomberg Daybreak: Asia Edition podcast page.