Moonshot AI Tells Investors IPO Plans, Oil Outlook Amid Continued US Strikes on Iran
About this episode
The episode discusses the impact of rising oil prices and US-Iran tensions on the Asia-Pacific economy, featuring insights from financial experts.
Business and finance news from the Asia-Pacific. Oil climbed to the highest level in more than a month and bonds fell as US and Iranian attacks escalated, renewing inflation concerns. Stocks stabilized after a technology-led selloff rattled markets last week. Treasury 10-year futures slipped 7/32, with trading in the cash market shut during Asian hours Monday because of a holiday in Japan. Government bonds in Australia and New Zealand also declined on concern that higher oil prices will stoke inflation. Equities were mixed. Nasdaq 100 futures rose 0.2% after Friday’s selloff, as Moonshot AI told investors it plans to go public within six months after its latest model challenged perceptions of US leadership in artificial intelligence. MSCI’s Asia Pacific equity index was little changed, while South Korea’s Kospi index fell 2.8% as traders returned following a holiday on Friday. For a look at the markets, Bloomberg TV Host Avril Hong spoke to Homin Lee, Senior Macro Strategist at Lombard Odier. Brent rose as much as 3.8% to $91.42 a barrel, the highest level since June, with back-and-forth strikes that have expanded beyond military targets. For an outlook of how…
People in this episode
Hosts: Avril Hong, Paul Allen
Guests: Homin Lee, Illiana Jain
Topics covered
- oil prices
- US-Iran conflict
- stock market
- inflation concerns
- artificial intelligence
- Asia-Pacific economy
Keywords
- oil outlook
- IPO plans
- inflation
- stock market
- artificial intelligence
- Asia-Pacific
Mentioned in this episode
Organizations: Moonshot AI, Lombard Odier, Westpac Banking Corporation
Places: US, Iran, Asia-Pacific, Australia, New Zealand, Japan
More episodes of Bloomberg Daybreak: Asia Edition
- Asia Markets React to China's Moonshot AI, ASEAN Foreign Ministers Meeting
- Daybreak Weekend: New Home Sales, UK Prime Minister, Japan Marine Day
- Market Analysis, US Trade Representative Jamieson Greer on US Trade Policy
- Markets Outlook Amid Continued US Strikes on Iran, China Eco Data
- 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.