Bloomberg Daybreak: Asia Edition Xi-Macron Meeting, Asia Snaps Gains
Dec 5, 2025
James Thorne, Chief Market Strategist at Wellington-Altus Private Wealth, shares insights on the Federal Reserve's policy expectations and its implications for the markets. He discusses the persistent inflation driven by services and shelter, while arguing that the broader inflation situation isn't dire. Thorne also emphasizes the need for Canada to enhance its resource processing capabilities to improve competitiveness. Moreover, he touches on Canada's relationship with China and the strategic importance of pipeline exports.
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Macron Seeks More Chinese Investment
- Emmanuel Macron urged China to increase direct investment into Europe to correct a widening trade imbalance.
- Min Min Lo said France faces about a $50 billion goods trade deficit in 2024 and seeks clearer investment frameworks.
Fed Cuts Plus AI Capex Boost Asia
- Charu Chanana said Fed rate cuts plus sustained AI capex create a favorable backdrop for Asian tech exporters.
- She highlighted Asia's role as the hardware backbone benefiting from hyperscaler spending.
Dollar Likely To Weaken Marginally
- Charu expects dollar weakness as Fed cuts and US fiscal expansion weigh on the currency at the margin.
- She warns the dollar will remain dominant globally despite potential gradual weakening.