Bloomberg Daybreak: Asia Edition Daybreak Weekend: Tesla Earnings, ECB Decision, Japan Election
Jul 18, 2025
Explore the dynamics of the U.S. housing market amid rising prices and mortgage rates. Discover Tesla's evolving strategies and challenges with full self-driving technology. Dive into the political pressures surrounding the European Central Bank’s interest rate decisions and France’s budget plan. Uncover the landscape leading up to Japan's upper house election, influenced by inflation and youthful discontent. Insights from industry experts reveal cautious optimism for Japan’s economic future.
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Housing Market Mixed Signals
- The U.S. existing home resale market is slowly improving but remains low compared to historical norms.
- New home sales are declining with builders using price cuts and incentives to stimulate demand amid high inventories.
Mortgage Rate Stability Crucial
- High and volatile mortgage rates near 7% limit housing market recovery by increasing monthly payments.
- Stability in rates around mid-to-high 5% would encourage more confident home buying.
Tesla Focuses on Growth and Safety
- Tesla's Q2 earnings are expected in line with consensus, focusing on Elon Musk's future plans.
- The rollout of new models like the extended Model Y and robo-taxis show progress but with cautious ramp-up.