Bloomberg Daybreak: Asia Edition

Daybreak Weekend: US Bank Earnings, New Energy Summit, Gold’s Future

15 snips
Oct 10, 2025
Ken Griffin, the Founder and CEO of Citadel, shares insights on the recent surge in gold prices and the implications of high inflation and dollar depreciation. He suggests gold is increasingly seen as a safe-haven asset rather than the dollar itself. Griffin also discusses the potential consequences of the U.S. government's fiscal policy and criticizes the political dysfunction impacting the Federal Reserve's decisions. He advocates for economic growth through deregulation and cautious tax policies while warning against the risks of large deficits.
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INSIGHT

Markets Driving Big-Bank Outperformance

  • Strong markets and record capital-markets activity should boost big-bank revenue and profits this quarter.
  • Trading results may beat conservative analyst estimates, creating upside to 2025-26 forecasts.
INSIGHT

Interest Income And Loan Growth Tailwinds

  • Improving interest income and pickup in commercial loan growth are tailwinds for bank earnings.
  • Credit remains solid so reserve building should be modest, not a major drag.
INSIGHT

Prime Brokerage And Broad Trading Strength

  • Equity prime brokerage and record trading volumes are supporting banks' equities businesses.
  • Fixed-income strength in rates and spread trading should make the quarter broadly strong across banks.
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