Bloomberg Daybreak: Asia Edition Asia Stocks Higher on Fed Cut Bets
9 snips
Dec 4, 2025 Mark Cranfield, a Bloomberg Markets Live strategist, shares insights on the dollar's potential weakening as global yield differentials narrow. He also highlights South Korea's robust market driven by policy shifts and AI advancements. Adam Turnquist, Chief Technical Strategist at LPL Financial, discusses the implications of recent ISM and PCE data against the backdrop of expected Fed rate cuts. He emphasizes a bullish outlook for 2026 and the importance of focusing on ROI in AI investments, particularly in emerging markets.
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BOJ Hikes Won't Fix The Yen Quickly
- Even with a likely BOJ rate hike, Japan's real rates remain deeply negative and limit yen strength.
- Markets expect a slow, spread-narrowing process rather than a rapid yen rebound.
Surging JGB Yields Rattle Markets
- Japanese government bond yields are at multi-decade highs and causing global market unease.
- Investors are watching whether 10-year JGBs find support near 2% before returning to Japan.
Korea's Turnaround After Political Tension
- Mark links South Korea's market turnaround to political change and policy shifts after a tense period last year.
- He credits aggressive government support and tech leadership for Korea's exceptional performance this year.