Bloomberg Daybreak: Asia Edition

Business and finance news from the Asia-Pacific.
Oil climbed to the highest level in more than a month and bonds fell as US and Iranian attacks escalated, renewing inflation concerns. Stocks stabilized after a technology-led selloff rattled markets last week.
Treasury 10-year futures slipped 7/32, with trading in the cash market shut during Asian hours Monday because of a holiday in Japan. Government bonds in Australia and New Zealand also declined on concern that higher oil prices will stoke inflation.
Equities were mixed. Nasdaq 100 futures rose 0.2% after Friday’s selloff, as Moonshot AI told investors it plans to go public within six months after its latest model challenged perceptions of US leadership in artificial intelligence. MSCI’s Asia Pacific equity index was little changed, while South Korea’s Kospi index fell 2.8% as traders returned following a holiday on Friday. For a look at the markets, Bloomberg TV Host Avril Hong spoke to Homin Lee, Senior Macro Strategist at Lombard Odier.
Brent rose as much as 3.8% to $91.42 a barrel, the highest level since June, with back-and-forth strikes that have expanded beyond military targets. For an outlook of how the oil story is impacting the Asia-Pacific, Bloomberg TV Host Paul ALlen spoke to Illiana Jain, International Ecnomist at Westpac Banking Corporation.
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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 new home sales data with a focus on three stocks for the week ahead.
In the UK – a look ahead to the UK preparing to usher in its 7th Prime Minister in 10 years.
In Asia – a look ahead to Japan Marine Day.
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Netflix forecast a second consecutive quarter of slowing sales growth, feeding investor anxiety about the streaming giant’s future.

The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations. The shares fell as much as 9% in after-hours trading.Second-quarter results were in line with Wall Street’s consensus, but most of the attention has been on future performance.

Shares in Netflix have declined more than 40% over the last year, as the company’s pursuit of Warner Bros. Discovery Inc. and subsequent financial results have caused investors to worry that the leader in streaming has lost momentum.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Tim Stenovec and Carol Massar speak with:
Felix Gillette, Bloomberg News Media and Entertainment Editor
Eric Clark, Portfolio Manager, LOGO ETF and CIO, Accuvest Global Advisors
Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst
Ed Ludlow, Bloomberg Tech Host
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Business and finance news from the Asia-Pacific.
West Texas Intermediate traded above $80 a barrel after adding more than 11% in the previous three sessions, as the US continued its attacks on Iran in a bid to secure shipping through the Strait of Hormuz. Gasoil prices, however, were a touch weaker in the previous session.
Equity-index futures pointed to declines in Japan and South Korea, while those for Hong Kong and Australia indicated gains. Earlier, the tech-heavy Nasdaq 100 fell 0.3%, while a US semiconductor gauge pared some of its losses to finish down more than 2%. For a look at the markets we spoke to Ross Mayfield, Investment Strategist at Baird.
For a look at trade across the world, we bring you a special interview, Bloomberg's David Gura sat down with US Trade Representative Jamieson Greer to discuss the section 301 investigation on Brazil, the trade surplus with Switzerland, and more.
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Business and finance news from the Asia-Pacific.
Oil rose for a third day as President Donald Trump threatened further strikes on Iran, hours after the US resumed its blockade on the Islamic Republic’s shipping through the Strait of Hormuz. Global benchmark Brent advanced 1.8% to above $86 a barrel after surging 11% in the previous two sessions.
The weak US inflation numbers and a strong start to the earnings season have revived the AI trade, boosting technology stocks after a recent bout of volatility. While the data gives the Fed more room to keep rates on hold, escalating tensions in the Middle East continue to cloud the inflation outlook by threatening higher energy prices. We spoke to Paisley Nardini, Portfolio Manager at Simplify Asset Management.
For a preview of the incoming economic data out of China, Bloomberg TV Host Avril Hong talked to Peiqian Liu, Asia Economist at Fidelity International.
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