
Bloomberg Daybreak: Asia Edition Markets Slip as Tariff Sentiment Cools
Jul 29, 2025
Mark Franklin, Managing Director & Senior Portfolio Manager at Manulife Investment Management, shares insights on market dynamics in Asia amid evolving trade negotiations between the U.S. and China. He discusses the impact of tariff policies on inflation and corporate earnings, alongside the stability seen in the energy sector and major tech firms benefiting from AI advancements. Franklin also touches on investment strategies within the treasury market and the implications of recent trade deals, providing a comprehensive view of the current economic landscape.
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Episode notes
Energy Sector Stability Noted
- The energy sector is stable and less volatile recently, providing a secure environment for energy industries.
- Large acquisitions, like Baker Hughes potentially buying Chart Industries, reflect confidence in the energy market.
Fed Should Cut Rates Soon
- The recent market recovery has been slow and unbelieved despite steady gains.
- Federal Reserve should start cutting interest rates soon if guided by economic data.
Opportunity in Convertibles and Treasuries
- Convertible bonds are an attractive investment alternative with strong performance.
- Long-term treasuries are volatile and require caution for trading.
