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Bloomberg Daybreak: Asia Edition
Musk's China Visit, Busy Week For Earnings
Apr 29, 2024
Mark Matthews shares his outlook for Asian markets, Danny Lee discusses Elon Musk's visit to China, David Daglio talks about economic outlook. Topics include Musk seeking approval for driver assistance software, US-China relations, Federal Reserve's struggle with inflation rates, AI impact on tech giants, and investment insights in Asian markets.
23:42
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Quick takeaways
- Tech shares rally aiding market correction; China's economic growth forecast uptick signals investment opportunities.
Deep dives
Economic Outlook on Tech Shares and Earnings Growth
Tech shares have shown a rally, aiding a correction down to 2.7%. Anticipation for Q1 2022 earnings growth was surpassed with a 4% rise, pointing towards a potential 6-8% growth. A positive outlook on the U.S. economy is fueled by strong market rates amidst decent first quarter GDP readings.
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