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Bloomberg Daybreak Asia: Fed Holds and Big Tech Beats; US-South Korea Trade Deal
Bloomberg Daybreak Asia: Fed Holds and Big Tech Beats; US-South Korea Trade Deal

Bloomberg

time31-07-2025

  • Business
  • Bloomberg

Bloomberg Daybreak Asia: Fed Holds and Big Tech Beats; US-South Korea Trade Deal

US equity-index futures climbed as strong earnings from megacap tech firms bolstered optimism that corporate profits remain resilient. The dollar steadied after gaining on Federal Reserve holding interest rates. Contracts for the Nasdaq 100 rose 1.2% and those for the S&P 500 advanced 0.8% as Microsoft and Meta Platforms surged in after-hours trading. We break down the day's market headlines with Dean Smith, Chief Strategist at FolioBeyond. Plus - US President Donald Trump announced late Wednesday that he had reached a trade deal with South Korea that would impose a 15% tariff on its exports to the US, and see Seoul agree to $350 billion in US investments. We get reaction from Naomi Fink, Chief Global Strategist at Nikko Asset Management. She speaks with Bloomberg's Shery Ahn and Haidi Stroud-Watts on The Asia Trade.

Hard to Find One Asset That's the Magic Bullet in This Market, Nikko AM Says
Hard to Find One Asset That's the Magic Bullet in This Market, Nikko AM Says

Bloomberg

time21-04-2025

  • Business
  • Bloomberg

Hard to Find One Asset That's the Magic Bullet in This Market, Nikko AM Says

Naomi Fink of Nikko Asset Management says it's "hard to find certainty" in the current environment since President Trump's trade negotiations could result in several possible outcomes. According to Fink, there's no "one asset that's just the magic bullet." She recommends portfolio diversification to insulate "from the worst of the declines," and suggests looking at Asian economies that can stimulate domestic demand. (Source: Bloomberg)

Bloomberg Daybreak Asia: More Trade Talks This Week
Bloomberg Daybreak Asia: More Trade Talks This Week

Bloomberg

time21-04-2025

  • Business
  • Bloomberg

Bloomberg Daybreak Asia: More Trade Talks This Week

Officials from Japan and South Korea are slated to begin trade negotiations with the United States this week. Early Monday, China's Ministry of Commerce said it firmly opposes any party reaching a deal at the expense of China's interests. Those comments came as China claims Washington is using tariffs to coerce other countries to restrict economic and trade exchanges with Beijing. We get more perspective from Naomi Fink, Chief Global Strategist at Nikko Asset Management. She speaks with Bloomberg's Shery Ahn and Paul Allen. Plus - Chicago Fed President Austan Goolsbee warned against efforts to curtail the central bank's independence, days after President Donald Trump expressed his displeasure with Fed Chair Jerome Powell. That's after Trump posted on Truth Social that Powell's 'termination cannot come fast enough!' He hasn't clarified whether that means he intends to find a way to fire the Fed chief, or is simply eager for Powell's term to end as scheduled in May 2026. We get reaction from Alicia Garcia Herrero, Chief APAC Economist at Natixis.

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