Bloomberg Daybreak: Asia Edition

Business and finance news from the Asia-Pacific.
Brent crude traded above $112 per barrel as strikes between Iran and Israel on critical energy facilities — which also caused extensive damage to the world's largest liquefied natural gas export plant in Qatar — raised concerns of a more lasting impact from the conflict. We speak to Sing Yee Ong, Bloomberg's Asia Energy Reporter.
Plus - Federal Reserve officials left interest rates unchanged and continued to expect one rate cut this year as they acknowledged increased uncertainty due to war in the Middle East. Chair Jerome Powell emphasized that to resume lowering rates, officials would have to see progress in reducing inflation, especially goods inflation that has been boosted by tariffs. We speak to David Finnerty, Bloomberg's FX and Rates Strategist.
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Business and finance news from the Asia-Pacific.
Asian equities rose while oil edged lower, suggesting investors are trying to look past near-term geopolitical uncertainty and find a measure of stability in markets. We speak to Lianting Tu, Managing Editor for Asia Equities.
Plus - US President Donald Trump abandoned his effort to recruit partners for the war with Iran and scolded allies who openly rejected his appeals, even as he repeated claims the conflict would end soon. The US and Israel nonetheless kept up their attacks with little clarity on when operations would end, with Israel saying it had killed Iran's security chief, Ali Larijani, in an overnight operation. Trump threatened to expand strikes on Kharg Island, Iran's main export hub, while Gulf countries continued to face attacks from Iran-sent drones. We heard from Fred Fleitz, America First Policy Institute Vice Chair of American Security. He spoke to Bloomberg's Haidi Stroud-Watts and Shery Ahn.
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Business and finance news from the Asia-Pacific.
Asian equities rose at the open after optimism that more tankers would be able to pass through the crucial Strait of Hormuz lifted gauges on Wall Street. Risk appetite was also boosted by expectations that major economies could release petroleum reserves to offset potential supply disruptions, after President Donald Trump renewed calls for allies to help safeguard the Strait of Hormuz. Threats to flows through the vital shipping lane continued to fan inflation worries as investors brace for a slate of central-bank meetings this week. We speak to Paul Dobson, Executive Editor for Asia Markets.
Plus - President Donald Trump requested a delay to his summit with Chinese leader Xi Jinping for about a month, saying it was important for him to remain in Washington to oversee the Iran war. "We're working on that right now. We're speaking to China. I'd love to, but because of the war, I want to be here," Trump said Monday during a White House event when asked about potentially rescheduling the high-profile summit. The meeting between the leaders of the world's two largest economies is currently set to begin later this month. We heard from Mara Rudman, Practitioner Senior Fellow at University of Virginia's Miller Center. She spoke to Bloomberg's Haidi Stroud-Watts and Shery Ahn.
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Oil erased early gains as traders sought to gauge the impact to supply after US attacks on Iran's main export hub, another escalation in the war that's all but cut off global customers from the region's energy supplies for more than two weeks. We spoke to Steven Schoenfeld, CEO at MarketVector Indexes.
Plus - The world's top central banks convene this week facing a renewed inflation threat from the war in Iran and the possibility that they'll be forced to delay interest-rate cuts and in some cases consider hikes. Changes aren't imminent yet: The Federal Reserve, the European Central Bank and the Bank of England are all expected to keep borrowing costs steady as they assess how much surging energy costs will feed through to consumer prices and growth. But for them and the other 18 central banks that are about to set policy — overseeing about two-thirds of the global economy in total — the tone will turn more cautious as they acknowledge the risk of another inflation shock. We heard from Diana Mousina, Deputy Chief Economist at AMP. She spoke to Bloomberg's Haidi Stroud-Watts and Shery Ahn on the Asia Trade.
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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to next week’s monetary policy decision from the Federal Reserve and a focus on 3 stocks for the week ahead.
In the UK – a look ahead to the Bank of England and European Central Bank decisions.
In Asia – a look ahead to Japanese Prime Minister Sanae Takaichi’s meeting with President Donald Trump in Washington.
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