Bloomberg Daybreak: Asia Edition Asian Shares Rise on Valuations, UBS CEO Sergio Ermotti on China
Jan 13, 2026
Mark Cranfield, a Bloomberg Markets Live strategist, discusses the recent surge in Asian shares, fueled by optimism in earnings and economic growth, especially in Japan. He highlights Japan's market rally and the potential political moves affecting the yen. Sergio Ermotti, CEO of UBS, shares insights on the bank's strategy in China, emphasizing increased interest from overseas investors and the trends in M&A activity. He also stresses the importance of innovation as China shifts focus, alongside UBS's plans for growth in the region.
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Japan Rally Fueled By Election And AI Momentum
- Japan's equity surge combines election-driven stimulus hopes with tech/AI sector strength.
- Investors benefit from a weak yen and domestic policies supporting growth.
BOJ Meeting Likely A Non-Event
- The Bank of Japan is unlikely to change policy at its next meeting despite inflation dynamics.
- Falling inflation could reduce political support for raising rates toward neutral.
Fed Investigation Raises Rate-Call Uncertainty
- The Fed grand jury news complicates rate-cut expectations and raises uncertainty for markets.
- Fed officials may push back, making rate cuts less likely at the next meeting.