Bloomberg Daybreak: Asia Edition
Asian Markets Decline Ahead of Central Bank Decisions, Big Tech Earnings
Jul 30, 2024
Bob Savage, Head of Markets Strategy and Insights at BNY, and Jing Liu, Greater China Chief Economist at HSBC, are joined by Mark Cranfield, a Bloomberg M-LIV Strategist in Singapore. They discuss the cautious decline of Asian markets influenced by upcoming central bank decisions and major tech earnings. The trio explores China's $50 trillion financial landscape, regulatory hurdles, and strategies for economic recovery. They also analyze potential shifts in Japanese monetary policy and the impact of tech earnings on market sentiments.
19:34
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Quick takeaways
- Investors exhibit caution due to market volatility and the influence of major tech earnings on overall sentiment.
- China's economy struggles with deflation and mixed consumer sentiment, prompting discussions on effective government interventions and reforms.
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