Bloomberg Daybreak: Europe Edition Daybreak Weekend: Jobs Report, European Banking, China's Technology Battle
Aug 30, 2025
Join Michael McKee, Bloomberg's International Economics and Policy Correspondent, and Shuli Ren, a Hong Kong-based Bloomberg Opinion columnist, as they dissect the increasingly complex economic landscape. They delve into the upcoming US jobs report and its implications for the Federal Reserve amid inflation concerns. The duo further explores the resurgence of European banking, fueled by deregulation and geopolitical dynamics. Finally, they analyze China's tech stock rally and its interplay with global markets, highlighting the intense competition with the US.
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Inflation Clouds Rate-Cut Timing
- The July PCE shows core inflation creeping higher year-over-year, complicating Fed deliberations.
- Fed officials will wait for upcoming jobs and CPI data before deciding on a September cut.
Watch Jobs And CPI Before Betting On Cuts
- Watch this Friday's August jobs report and the September CPI as the decisive near-term data points.
- Use private-sector hiring and unemployment trends to gauge whether the Fed will move on cuts.
GDP Surprise Masks Pull-Forward Spending
- Q2 GDP growth surprised to the upside, driven partly by business investment and auto spending.
- Rising incomes owe much to auto purchases and companies pulling forward demand with price plans.