Bloomberg Daybreak: Asia Edition Dollar Dips After Fed Nomination; Modi, Lula Speak Amid Tariff Concerns
Aug 8, 2025
Ivy Ng, Chief Investment Officer for the Asia-Pacific at DWS, shares her insights on the evolving financial landscape. She discusses the implications of President Trump's Fed nominations, which could lead to lower interest rates and affect the dollar's recent slump. The conversation delves into rising trade tensions involving the U.S., India, and Brazil, especially as Modi and Lula seek to strengthen ties amid increasing tariffs. Ng also highlights the broader impact of these changes on Asia's trade dynamics and geopolitical relationships.
AI Snips
Chapters
Transcript
Episode notes
Fed Nominees Signal Rate Cuts
- Federal Reserve nominees Christopher Waller and Stephen Myron support lowering interest rates, which influenced the dollar's decline.
- Weak labor market data also pressures the Fed toward a dovish stance with potential rate cuts next year.
Europe's Growth Closing Gap
- Europe is likely to surpass the U.S. in GDP growth next year due to planned fiscal stimulus, narrowing the earnings gap.
- This suggests a shift in investment flow may favor Europe alongside the U.S.
Japan Property's Investment Appeal
- Japan's property sector offers attractive opportunities with significant discounts to NAV and strong buyback activity.
- Factors include construction shortages, aging population, and anticipated wage hikes supporting demand.