Bloomberg Daybreak: Asia Edition Daybreak Weekend: Nvidia Earnings, Medef Conference, BOK Decision
11 snips
Aug 22, 2025 The podcast discusses the impact of NVIDIA's upcoming earnings and its operational hurdles in China. It reviews the Federal Reserve's cautious monetary policy and the implications for interest rates. Attention is given to the MEDEF conference, highlighting France's financial challenges and investor concerns. The Bank of Korea's monetary decisions are analyzed alongside South Korea's economic struggles compared to Hong Kong's robust growth. The strategic importance of Hong Kong in global business expansions is also emphasized.
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Fed Opens Door To A Single Careful Cut
- Jerome Powell signaled the Fed may be ready for a single, cautious rate cut soon while warning against expecting a series of cuts.
- The Fed will move data-dependently and aim to cut slowly to avoid reigniting inflation risks.
Let Data Drive Rate Expectations
- Watch July's PCE and personal spending prints closely because they will guide Fed timing and messaging.
- Expect the Fed to prioritize signs of persistent inflation before committing to further easing.
NVIDIA Growth Hinges On China Narrative
- NVIDIA is likely to report another beat-and-raise but investors will focus on narrative, especially China access and timing.
- Geopolitical constraints, not demand, are the bigger limiter for China sales of NVIDIA GPUs.