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cover of episode APAC Stocks, US Futures Edge Higher After US-China Trade Talks

APAC Stocks, US Futures Edge Higher After US-China Trade Talks

2025/5/12
logo of podcast Bloomberg Daybreak: Asia Edition

Bloomberg Daybreak: Asia Edition

AI Deep Dive Transcript
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A
Alicia Garcia Herrero
J
Jameson Greer
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Jean-Erik Salata
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Jameson Greer: 作为美国贸易代表,我认为这次谈判能够迅速达成协议,表明我们之间的分歧可能并没有之前想象的那么大。当然,为了这两天的会谈,我们已经做了大量的准备工作。 Alicia Garcia Herrero: 作为Natixis的首席亚太经济学家,我认为任何关于中美贸易谈判的声明都会是好消息,因为之前的局势非常糟糕。事实上,市场已经提前反映了这些利好消息,比如美国取消了对某些关键行业的出口管制,这对市场产生了积极影响。我认为他们希望通过定期发布消息来保持市场的乐观情绪,因为我们即将面临通货膨胀等负面消息。不过,除了中美贸易之外,还有许多其他因素影响着市场,尤其是在欧洲。美国经济正在减速,世界经济的状况也比特朗普时期更加糟糕。中国目前正面临通货紧缩的挑战,这影响了企业的利润率。高关税对中国的GDP增长产生了显著的负面影响,因此中国需要采取强有力的措施来刺激经济增长。从长远来看,美国和中国都在寻求减少对彼此的依赖,世界经济可能会走向分裂。我认为双方都有兴趣尽可能地减少对自身的损害,以使这一转变过程不那么痛苦。

Deep Dive

Shownotes Transcript

The US and China both reported "substantial progress" after two days of talks in Switzerland aimed at de-escalating a trade war, marking what Chinese Vice Premier He Lifeng called "an important first step" toward resolving differences. While neither side immediately announced specific measures on Sunday, He said the world's two biggest economies agreed to create a mechanism for further talks, led by US Treasury Secretary Scott Bessent and himself. Bessent said the US would share details on Monday and He promised a joint statement. We get analysis from Alicia Garcia Herrero, Chief APAC Economist at Natixis. She speaks with Bloomberg's Shery Ahn and Haidi Stroud-Watts.

Plus - Japanese stock futures rose on optimism the US-China trade tension may begin to de-escalate after those talks.  The Nikkei 225 has climbed 5% through Friday since US President Donald Trump announced so-called reciprocal tariffs on April 2nd, among the best performing major markets. Japan last month was one of the first countries to formally engage in talks with the US, though an agreement is yet to be made. For more on Japan's outlook, we hear from Jean Eric Salata, Chairman and Head of Private Credit at EQT Asia.

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