Business
Market Not Convinced About China’s Recovery, Economist Hong Says
“I think bond investors are very happy. But then at the same time, if bond is doing well, that means the market is not convinced about the economic recovery.” Hao Hong, partner and chief economist at GROW Investment Group, discusses the state of China’s economy and financial markets. He speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.”
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.
President Donald Trump dismissed concerns that the conflict in Iran was draining American firepower as clashes resumed in the on-again off-again hostilities that have stretched more than six months, with neither side willing to restart negotiations to end the war.
Global bond yields climbed back to the highest level in almost two decades as rising oil prices fueled inflation concerns and investors ramped up expectations that the Federal Reserve will raise interest rates.
Plus, Anthropic agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia, part of an effort to quickly expand its AI capacity, according to a person familiar with the matter.
Today’s guest: Lale Akoner, eToro, Global Market Analyst.
Chapters:
00:00:00 – Daybreak Europe
00:01:23 – Japan’s 10-Year Bond Yield Hits 3% for First Time Since 1996
00:08:00 – Nvidia Mega-Deal Ushers MediaTek Into Top AI Chipmaker Club
00:11:55 – Trump Dismisses ‘Little War’ With Iran as Mideast Clashes Resume
00:14:26 – Bessent Meets With Finance Chiefs at G20 Gathering
00:17:05 – Modi Urges ‘Friend’ Putin to End Ukraine War
00:20:37 – Kaplan: Fed is Probably 50BP From Neutral
00:24:06 – Russia Faces Pushback
00:27:04 – Global Bond Selloff Sends Yields to the Highest Level Since 2008
00:30:02 – Lale Akoner, eToro, Global Market Analyst
00:34:23 – Europe Inflation Watch
00:39:22 – Shein’s Valuation Drops
00:41:42 – US Army Secretary Driscoll Resigns After Clash With Hegseth
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The US and Iran exchanged strikes for the first time in about a month as American forces hit an island in the Strait of Hormuz and the Islamic Republic responded by launching attacks on the United Arab Emirates and Jordan.
US Treasury yields ticked lower and stock futures were mixed as traders assessed the outlook for interest rates following Federal Reserve Chairman Kevin Warsh’s hawkish inflation comments at Jackson Hole.
John Ternus steps into his new role as Apple chief executive officer this week. Ternus won’t have much time before the company begins its annual fall product rollouts. This year the lineup will include an unusually ambitious slate of devices he’s been teasing for months internally.
Today’s guests: Bjoern Griesbach, Allianz Investment Management Head of Macroeconomic and Capital Market Research; James Kisner, Water Tower Research Technology Research Analyst.
—
“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse
00:00:23 – Stocks, gold drop on Fed rate-hike bets
00:01:13 – Bjoern Griesbach, Allianz Investment Management Head of Macroeconomic and Capital Market Research
00:09:17 – Oil gains as US hits Hormuz targets
00:11:14 – Trump’s Iran war exposes new challenge for Xi-Putin security bloc
00:14:04 – Germany’s Saxony-Anhalt holds elections Sept. 6
00:18:47 – Iceland votes to reject the European Union
00:21:41 – Monday top stories
00:23:02 – Monday headlines
00:23:25 – Apple’s Ternus takes CEO reins with AI first priority
00:26:22 – James Kisner, Water Tower Research Technology Research Analyst
00:33:58 – Lawmakers focus on compromise in UBS capital debate
00:36:08 – Shein falls in Hong Kong gray market
00:40:44 – BOE’s Bailey plays down inflation risk ahead of decision
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The Japanese yen is so weak that even the US has stepped in to prop up the currency.
The joint US-Japan action, the first in 15 years, underscores their unprecedented determination to defend the Asian currency. Mia Glass explains why.
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Warsh reiterated that policymakers have a “firm, fixed target” of 2% inflation at the 2026 Jackson Hole Economic Policy Symposium. Bloomberg’s Maria Eloisa Capurro explains.
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@josephtan4627
December 22, 2023 at 7:57 pm
Bloomberg is all doom and gloom on China. How's the Americans doing?
@RichardBrett899
December 22, 2023 at 7:57 pm
Real estate sectors throughout the world are not doing well. Just look at Canada and Australia, people are afraid to purchase houses due to the high interest rates, and high inflation. Or simply put, house purchases are beyond most peoples' reaches especially the younger generations, and this phenomenon is seen throughout the whole world.
@VL-inquisitor
December 22, 2023 at 7:57 pm
They will go long the market (China) that they say they are not convinced. They will go short the market (US regional markets) that they say they are under control. This is how smart money goes!
@lailaalfaddil7389
December 22, 2023 at 7:57 pm
The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.
@evelynramos445
December 22, 2023 at 7:57 pm
Still leans through
@evelynramos445
December 22, 2023 at 7:57 pm
It's the antithesis
@evelynramos445
December 22, 2023 at 7:57 pm
Unlike capital markets, making it or giving uncertainty.
@Quantitative_Teasing
December 22, 2023 at 7:57 pm
Exactly. If china is so strong why is crude oil sub $70?
@Y2KMillenniumBug
December 22, 2023 at 7:57 pm
How obvious can it be made? I already made it so explicitly clear. Hahaha 😵💫🧐 resurrection is in Malaysia ya don't get location wrong
@Y2KMillenniumBug
December 22, 2023 at 7:57 pm
Because if the left hand is passing to the right hand, it means it's done with money laundering 😂
@Y2KMillenniumBug
December 22, 2023 at 7:57 pm
We also can fix Y2K YONG YEW KUAN, THE millennium bug.. Arigato 😳
@Y2KMillenniumBug
December 22, 2023 at 7:57 pm
Wake Christ up! Resurrection of Christ 15th June 2023. It's BIBLICAL. EVERYONE should be excited! 🙏😇🀄
@Y2KMillenniumBug
December 22, 2023 at 7:57 pm
Why did FPX fail? Well simply because it's FREE!! HELLO! are you awake?
@alextran7680
December 22, 2023 at 7:57 pm
China recovery ? LOL … another joke of the day ? It's CCP Ponzi Scams and FAKE IN CHINA.
@deesus1085
December 22, 2023 at 7:57 pm
Let’s buy Chinese shell corps because communist china doesn’t allow foreigners to own anything in china.
@jackjhmc820
December 22, 2023 at 7:57 pm
let s remind folks that he was the guy employed by a big Chinese Bank for a decade and his social media presence in Mainland China was banned and he was fired because he dared to criticise the Chinese government lockdown in 2022.
@timyang9444
December 22, 2023 at 7:57 pm
纸上谈兵
@juanmartin1729
December 22, 2023 at 7:57 pm
Imagine trusting in countries such as Vietnàm and chína😮
@gskv3331
December 22, 2023 at 7:57 pm
what's with your hair hong
@lastChang
December 22, 2023 at 7:57 pm
Betting on China 🇨🇳 is a bad bet anyhow.
Basically, Chinese economy is very sick. There's no cure.