Bloomberg Daybreak: Asia Edition

Alex Wolf, Head of Asia Investment Strategy at JPMorgan Private Bank, shares insights on the impact of the Federal Reserve's steady interest rates on market dynamics. He discusses the S&P 500 rebound driven by chipmakers amidst the backdrop of U.S.-China trade talks. Wolf highlights currency fluctuations and their implications for Asian exports, while exploring the evolving landscape of investment rules with China. He also touches on the geopolitical factors affecting stock markets in the Asia-Pacific region, keeping listeners informed and engaged.

In a gripping conversation, Khawaja Muhammad Asif, Pakistan's Defense Minister, discusses the recent military strikes by India following a deadly Kashmir attack. He emphasizes Pakistan's defense actions, asserting that downing Indian airplanes was not hostile but a protective measure. The dialogue also tackles the significance of maintaining communication amidst rising tensions between the two nuclear nations. Additionally, insights into the U.S.-China trade talks add another layer of complexity, highlighting the intertwined nature of geopolitics and global economics.

Vandana Hari, Founder of Vanda Insights and an expert in oil market analysis, shares her insights on the current state of oil prices amidst OPEC's production increase. She addresses concerns about a potential global oil glut due to higher supply amid trade tensions. The discussion touches upon the impact on US and Chinese trade relations and internal compliance challenges within OPEC+. Hari also reflects on how these dynamics affect both the oil market and the broader economic landscape.

Kerry Craig, Global Market Strategist at J.P. Morgan Asset Management, shares insights on key developments shaping global markets. He discusses President Trump's openness to lowering tariffs on China as a way to boost trade, and how recent U.S. job data is lifting recession fears. The conversation also highlights Prime Minister Anthony Albanese's historic election win in Australia, marking a milestone for his party, and the potential impacts on the housing crisis and economic policies. Global investment opportunities amidst changing trade dynamics are also explored.

John Liu, Bloomberg's executive editor for Greater China, and James von Moltke, CFO of Deutsche Bank, dive into pressing global economic issues. They discuss the anticipated Federal Reserve policy meeting and its implications for interest rates amid a robust job market. Liu provides insights into challenges facing China’s economy amid U.S.-China tensions, while von Moltke highlights political hurdles for Germany's next Chancellor, Friedrich Merz, as he navigates a complex coalition and tariff impacts.

David Finnerty, a Bloomberg FX strategist, and Bill Adams, Chief Economist at Comerica Bank, dive into the recent optimism surrounding U.S.-China trade talks, with China's Commerce Ministry signaling potential negotiations. They discuss how this could alleviate tariff tensions and its positive impact on Asian and U.S. equity markets. The pair also analyze the implications of these discussions on currencies and investor sentiment, while also touching on the Federal Reserve’s role amidst economic fluctuations.

George Cipolloni, a savvy Portfolio Manager at Penn Mutual Asset Management, and Paul Allen, an insightful Bloomberg reporter covering the Australian election, dive into critical discussions. They dissect the upcoming Australian federal election, highlighting its potential market impact. Trump’s influence on local politics is examined, revealing shifting voter priorities amidst economic challenges. They also review strong earnings from Microsoft and Meta, suggesting resilience despite tariff fears, and share investment strategies for navigating market volatility.

As the S&P 500 closed higher for five consecutive sessions, the American equity benchmark posted its longest winning streak since November. Monday marked the fifth time in the past month the index fully wiped out an intraday gain or drop of 1% or more. The number of reversals already matches the total seen in the entire year of 2024. After the US close, President Donald Trump renewed criticism of Federal Reserve Chairman Jerome Powell as he championed his economic policies and tariff regime during a Tuesday event to mark his 100th day in office. We break down Trump's remarks with Joe Mathieu, Host of Bloomberg's Balance of Power. As uncertainty around US tariffs looms over global markets, investors in Asia are looking ahead to key economic data from China to get a sense of the macro environment. We speak with Mary Nicola, Bloomberg MLIV Strategist in Singapore. Plus - four of the so-called Magnificent Seven - Microsoft Corp., Apple Inc., Meta Platforms Inc. and Amazon.com Inc. - are due to report earnings this week. Analysts expect the group — which also includes Google-parent Alphabet, Tesla Inc. and Nvidia Corp. — to deliver an average of 15% profit growth in 2025, a forecast that's barely budged since the start of March despite the flareup in trade tensions. We preview the numbers with David Nicholson, Chief Research Officer at The Futurum Group.See omnystudio.com/listener for privacy information.

The Asian Development Bank has lowered its growth forecast for Asia further after the region found itself the hardest hit by tariffs from the US. The multilateral institution said those tariffs will shave growth in the region by a third of a percentage point in 2025 and a full percentage point in 2026. In its annual outlook report released Wednesday - numbers for which were calculated before the April 2 tariff announcements by President Donald Trump - ADB forecast growth in emerging Asia to moderate to 4.9% in 2025 and 4.7% in 2026. ADB President Masato Kanda speaks exclusively with Bloomberg's Shery Ahn in Tokyo.  Plus - a late-day wave of dip buying in the US erased losses in stocks, with Wall Street investors awaiting a slew of corporate earnings and economic data for insights on the impacts of President Donald Trump's tariff war. As the S&P 500 closed higher for five consecutive sessions, the American equity benchmark posted its longest winning streak since November. Monday marked the fifth time in the past month the index fully wiped out an intraday gain or drop of 1% or more. The number of reversals already matches the total seen in the entire year of 2024. We take a look at the US economy with Clayton Triick, Head of Portfolio Management at Angel Oak Capital Advisors.See omnystudio.com/listener for privacy information.

Peter McGuire, CEO at Trading.com Australia, shares insights on the cautious start of Asian markets amidst ongoing US trade negotiations and anticipated stimulus from China. He discusses the shifting landscape of currency markets and the implications for traders. Lawrence Werther, Chief U.S. Economist at Daiwa Capital Markets, highlights looming economic uncertainty and its effects on consumer sentiment, stressing the importance of upcoming data, like the US jobs report, in guiding market trends amidst tariff tensions.