Bloomberg Daybreak: Asia Edition

Business and finance news from the Asia-Pacific.
Asian stocks rose after US technology shares advanced on Friday. Oil climbed after the US and Iran traded tanker attacks in the Strait of Hormuz. Bloomberg's Paul Allen spoke to Daan Struyven, Goldman Sachs Co-head of Global Commodities Research.
And - in the US last Friday, yields were marginlly higher, more so at the front-end of the Treasury curve, given a very strong employment report for August. The American economy added 162,000 jobs last month. The data sparked a re-rating of expectations on a Fed rate hike later this month. Up next for investors is this weeks US CPI data. The Fed's September rate decision hinges in part of the data. Bloomberg's Avril Hong spoke to Deepali Bhargava, ING Head of Research and Chief Economist for APAC.
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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 the U.S CPI and PPI reports and a focus on 3 stocks for the week ahead.
In the UK – a look ahead to the next decision from the European Central Bank.
In Asia – a look ahead to the 18th BRICS Summit in India.
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US job growth surged in August and the unemployment rate held steady, suggesting the labor market has more momentum than previously thought. Nonfarm payrolls increased 162,000 last month and July’s job losses were revised away, according to Bureau of Labor Statistics data out Friday. The August increase topped all estimates in a Bloomberg survey. The unemployment rate remained at 4.1%.
Bloomberg's Tom Keene and Damian Sassower get reaction from:
Claudia Sahm, Chief Economist at New Century Advisors, brings us into the jobs report
Amy Wu Silverman, Head: Derivatives Strategy at RBC, reacts to today's jobs report
Kristina Campmany, Senior Portfolio Manager at Invesco, talks about the bond market's reaction to jobs
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Business and finance news from the Asia-Pacific.
Asian stocks and currencies rose as investors pared bets on a Federal Reserve interest-rate hike this month, weakening the dollar. The yen strengthened, with traders lifting bets on Bank of Japan rate hikes and remaining vigilant to the risk of official action to further boost the currency.
Fed Governor Christopher Waller said he'd be willing to support holding rates steady if price pressures continue to show signs of easing. Waller said his next decision on rates will be "heavily influenced" by August inflation data due next week. Waller's remarks helped weaken the dollar, but the yen rallied, strengthening against the dollar by 1.9%.
For more, Bloomberg TV Host Shery Ahn spoke with Yujio Goto, head of Japan FX strategy at Nomura and Bloomberg TV Host Haidi Stroud-Watts spoke with Suresh Tantia, CIO of Asia Equity Strategy UBS Global Wealth Management.
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Business and finance news from the Asia-Pacific.
Asian stocks rose and oil paused a three-day rally after President Donald Trump played down the prospect of a prolonged conflict with Iran. The yen strengthened, gaining for a second session to trade around 158.44 per dollar, and keeping traders on alert for further intervention by authorities. Gains in Japan and South Korea helped MSCI’s Asia Pacific equities gauge advance 0.7%, with technology shares drawing attention after Broadcom Inc. predicted a boom in artificial intelligence chip sales. For more, we talked to Phil Palumbo, Founder, CEO & CIO of Palumbo Wealth Management.
On Wednesday, President Trump said renewed US attacks on Iran would likely be short-lived and reiterated his claim that the US controls the Strait of Hormuz. Nonetheless, the return to a hot war between the US and Iran has jeopardized shipping through the Strait and continues to impact the global shipping industry for a closer look, Bloomberg TV host Shery Ahn spoke with President and CEO of Mitsui OSK Lines Jotaro Tamura.
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