Bloomberg Daybreak: Asia Edition Daybreak Weekend: Tech Earnings, UK Elections, China PMI Preview
Apr 25, 2025
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US Jobs Market Resilient But Cautious
- The April U.S. Jobs Report may show slowing hiring but not a sharp drop.
- Tariff-related uncertainty is causing companies to delay layoffs, maintaining labor market resilience.
Big Tech Faces Tariff Uncertainty
- Big Tech earnings face impacts from tariff uncertainty and possible ad spending pullbacks.
- Companies with hardware exposure like Apple are most vulnerable and relocating supply chains.
UK Growth Outlook Is Mixed
- UK's economic growth forecasts have been significantly downgraded amid tariff uncertainties.
- Both inflationary and disinflationary pressures affect the UK, with exchange rates playing a complex role.