Bloomberg Daybreak: Asia Edition

Business and finance news from the Asia-Pacific.
Asian bonds followed Treasuries lower as concerns over government finances mounted, while higher oil prices added to fears that inflation will quicken. Treasury 30-year yields rose to 5.32%, a level last seen in June 2007. Oil prices advanced as prospects for peace in the Middle East dimmed, reviving concern that prolonged geopolitical tensions will threaten supplies and keep energy costs elevated. Global benchmark Brent rose 0.3% to $91.10 a barrel after President Donald Trump said he wasn't interested in extending the expiring agreement with Iran and fighting flared anew in Lebanon. Bloomberg's Executive Editor for Asia Markets Paul Dobson breaks down the markets.
Plus - in earnings news, BHP Group's full-year profit rose by almost a third, thanks to improved copper and iron ore prices that helped the world's largest miner beat forecasts, just as new boss Brandon Craig takes the helm. Craig, who started as chief executive officer in July, is focused on delivering a major pipeline of growth including expansions in South American and Australian copper — as well as its push into potash, a mineral used in fertilizer. BHP says it is targeting 3% to 4% copper equivalent growth per year up to 2035 — roughly double consensus expectations. Julia Lee, Investment Director at Shaw and Partners Asset Management spoke to Bloomberg TV host Paul Allen.
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Business and finance news from the Asia-Pacific.
Japan saw economic growth slow down unexpectedly in the second quarter with Real GDP growing at an annual rate of only 1.1%.
The weakness reflects a slump in capital spending, given uncertainties stemming from the conflict in the Middle East. This potentially complicates the Bank of Japan's policy communications as it weighs the timing of its next rate increase. For more, Bloomberg TV hosts Paul Allen and Haidi Stroud-Watts spoke with Homin Lee, senior macro strategist at Lombard Odier on the Asia Trade.
The AI race in China is making a shift towards cyber defense. Z.ai has announced that its latest model, GLM-5.3, is designed with cyber defense in mind. For a deeper look at the AI race in China, Bloomberg TV hosts David Ingles and Yvonne Man spoke with Bloomberg Strategist Anthony Stephens and Bloomberg Analyst Robert Lea.
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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 S housing data, along with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to Europe inflation and PMI data.
In Asia – a look ahead to why the persistent weakness of the yen is a troubling issue for Japan’s policymakers.
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Business and finance news from the Asia-Pacific.

Asian stocks rose, adding to a fourth week of gains, as moderating US inflation reinforced bets that the Federal Reserve will refrain from raising interest rates next month. Technology stocks extended their rebound. In Asia, the yen remained within striking distance of 160 per dollar, even after Prime Minister Sanae Takaichi’s government was said to support an interest-rate increase. The Japanese currency was little changed Friday, near 159.43 per dollar. We get reaction from David Finnerty, Bloomberg News FX & Rates Strategist.
Plus - even as Treasuries rallied Thursday, the US sold 30-year bonds at the highest yield in a quarter century, underscoring the premium investors are demanding to finance the nation’s deficits. Meantime, back-to-back benign inflation prints, following last week’s softer-than-expected jobs report and a pullback in oil prices, are easing pressure on the Fed to tighten policy at its meeting next month. For more on the broader market backdrop, we hear from Tim Waterer, Chief Market Analyst at KCM Trade Global.
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Business and finance news from the Asia-Pacific.
Asian stocks rose as technology shares rallied and a subdued US inflation report eased concerns about an imminent interest-rate hike by the Federal Reserve. Brent crude snapped a six-day rally, while attention was also on the yen as it traded around the key level of 160 per dollar, keeping investors on the lookout for more intervention by officials in the foreign-exchange market. We speak with Mark Cranfield, Bloomberg News MLIV Strategist.
Plus - caution prevailed after Cisco Systems’ earnings failed to impress, sending its shares lower in extended trading. Cerebras Systems tumbled 17% after sales declined at its hardware business. For more on the state of the AI trade, we hear from Arun Sai, Senior Multi Asset Strategist at Pictet Asset Management.
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