
Bloomberg Daybreak Asia: Rally Wavers as Buyer Fatigue Kicks In
Stocks in Asia fell early Thursday for the first time in five sessions as the rally on Wall Street sparked by US-China trade talks showed signs of exhaustion, on speculation stocks have run too fast amid risks stemming from a trade war to an economic slowdown and sticky inflation. Japanese and Australian stocks edged lower, while a gauge of US-listed Chinese companies climbed 1.2% on Wednesday. Tencent Holdings Ltd.'s revenue grew at its fastest pace in more than three years. We get a look at the market landscape with Mark Konyn, Chief Investment Officer at AIA Group. Stateside, the S&P 500 edged up just 0.1%. Most sectors fell, but big tech climbed. Boeing Co. gained on its largest-ever deal, with Qatar Airways placing an order for long-range jets during a visit to Doha by Donald Trump. The dollar erased losses as Bloomberg News reported the US is not working to include currency policy pledges in trade accords. Bond yields rose as Federal Reserve rate-cut bets receded. We get the views of John Creekmur, Chief Investment Officer at Creekmur Wealth Advisors.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Upturn
11 minutes ago
- Business Upturn
Photowall Brings Scandinavian Wall Design to Japan
STOCKHOLM, June 10, 2025 (GLOBE NEWSWIRE) — Photowall , the Swedish interior design company renowned for its custom wall murals, wallpapers, and canvas prints, is proud to announce its official entry into the Japanese market. From now on, Japanese customers can explore and shop the full Photowall collection in their local language at , marking a major milestone in the company's ongoing global expansion. With a strong presence across Europe and North America, Photowall's move into Japan reflects the brand's commitment to making personalized interior design accessible to a wider international audience. The launch includes a comprehensive marketing campaign, local customer support, and tailored logistics to ensure a seamless experience for customers in Japan. 'We're thrilled to bring our products and design philosophy to Japan, a country that shares our appreciation for craftsmanship, aesthetics, and individuality,' a company spokesperson said. 'Japan's design culture is both rich and globally influential, making it a natural next step for us. We're excited to see how our wall art collections will inspire new creative spaces across the country.' Founded in 2006 in Sweden, Photowall offers a vast library of wall decor — from striking nature scenes and minimalist patterns to exclusive artwork by international designers. Customers can also upload their own images to create one-of-a-kind wallpaper or prints, making every product deeply personal. All items are made to order in Stockholm using eco-friendly materials and water-based inks, ensuring minimal environmental impact. Japanese customers will benefit from a fully localized shopping experience, which features local currency, language, customer service, and optimized shipping. The site will also feature local design inspiration and partnerships with Japanese influencers, artists, and interior design experts. Photowall's products are particularly well-suited to Japan's evolving interior design trends, which increasingly embrace customization, biophilic design, and sustainable materials. Whether decorating a small apartment in Tokyo or a traditional home in Kyoto, Japanese homeowners and businesses can now transform their walls with designs that reflect their personality and values. The Japanese launch builds on Photowall's strong global momentum, as the company now serves customers in over 25 international markets. With a growing reputation for quality, fast production, and highly customizable design options, Photowall continues to gain loyal customers around the world — particularly in the United States, where its dedicated storefront at has seen strong demand across both residential and commercial segments. For more information, visit: A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
18 minutes ago
- Yahoo
Small Business Owners Say Taxes Are Their Biggest Worry
Taxes were the biggest worry for small business owners in May, the monthly small business optimism survey showed. The survey results come as Congress continues to debate President Donald Trump's 'Big, Beautiful' budget bill, which has been criticized for adding to the deficit. Overall, the NFIB Small Business Optimism Index increased for the first time this year to reach 98.8, after declining on tariff Congress continues to debate President Donald Trump's signature legislative proposal, small business owners are becoming increasingly worried about the lack of clarity on taxes. The National Federation of Independent Business (NFIB) monthly survey on small business optimism showed that taxes are the top concern for many business owners, as inflation worries ebbed. It also found that uncertainty among small business owners rose as tariff and tax policies remained unclear. 'The economy will continue to stumble along until the major sources of uncertainty are resolved. It's hard to steer a ship in the fog,' the report said. Overall, the NFIB said small business optimism increased for the first time this year, coming in at 98.8 in May after declining in March and April amid ongoing concerns over U.S. tariffs. The report showed that tariffs didn't fuel as much inflation anxiety among business owners as they have for consumers. Instead, taxes were the top concern for 18% of business owners in May, outranking both inflation and labor quality. Inflation is frequently the top concern for small businesses, and remained the biggest worry for 14% of owners in May. Taxes haven't been the biggest concern for business owners since 2020, the report showed. 'This issue will likely remain top of mind for small firms over the next couple of months as Congress irons out the details of its tax and spending bill,' wrote Wells Fargo economists Jackie Benson and Ali Hajibeigi. The report comes as Congress considers Trump's 'Big, Beautiful' budget bill, which would extend many tax cuts that were first enacted in 2017. While the bill passed the House of Representatives by only one vote, some senators have raised questions about its spending cuts. Tesla CEO Elon Musk, once a Trump ally, has also criticized the legislation as an abomination due to projections that it will increase the budget deficit. 'Congress hasn't passed the Big Beautiful Bill yet, and Trump is still messing with tariffs; the uncertainty level is rising,' the report said. 'While tariffs might be a bumpy road while countries negotiate trade deals, Congress can do its part by passing the BBB sooner rather than later to take that piece of uncertainty off the table.' Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 minutes ago
- Yahoo
Boeing Just Pulled Off a 303-Plane Surprise -- And Airbus Should Be Worried
Boeing (NYSE:BA) just landed its biggest monthly win in over a year303 aircraft orders in Mayright as the Paris Air Show looms large. A big chunk of that momentum came during former President Donald Trump's Middle East visit, where Boeing's jets once again became a centerpiece in international dealmaking. The headline order? A massive 150-jet deal from Qatar Airways, including 120 Dreamliners and 30 777X widebodies. The company also sold 146 of its 737 Max jets, though most of those buyers weren't namedhinting that demand might be stronger beneath the surface than many expected. Warning! GuruFocus has detected 6 Warning Signs with BA. This spike in orders couldn't come at a more pivotal moment. Boeing is still climbing out of a crisis triggered by a near-disastrous 737 Max incident earlier this year. Regulators have capped production at 38 jets a monthand Boeing just hit that limit in May at its Renton plant. The company also delivered 45 jets last month, showing signs that operational recovery is underway. With the Paris Air Show around the cornera critical battleground for aircraft ordersBoeing's recent traction could give it a firmer footing against Airbus, especially as Middle Eastern carriers double down on widebody expansion. That said, Airbus isn't sitting still. The European rival delivered 51 aircraft in May and is expected to come out swinging in Paris. But its own supply chain headachesespecially around engines and key componentsare putting pressure on full-year targets. Both Boeing and Airbus are staring down order backlogs that stretch into the 2030s. The real question now is which one can convert that backlog into cash flows faster, as the post-pandemic recovery tests every link in the aviation supply chain. Investors won't have to wait longParis could set the tone for the rest of the year. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data