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cover of episode Markets Edge Higher With US-China Trade Talks Set to Continue

Markets Edge Higher With US-China Trade Talks Set to Continue

2025/6/10
logo of podcast Bloomberg Daybreak: Asia Edition

Bloomberg Daybreak: Asia Edition
AI Deep Dive AI Chapters Transcript
People
A
Anne-Marie Hordern
J
Jennifer Dlouhy
J
Jim Worden
K
Kevin Hassett
S
Stephen Engle
Topics
Anne-Marie Hordern: 美国希望加快关键矿物进口许可，特别是稀土和磁铁，而中国则希望获得半导体。出口管制问题在日内瓦会谈后被提上议程。 Jim Worden: 我对美中达成贸易协议持乐观态度，认为问题会逐渐解决。股市将继续上涨，宏观利好消息是股市的福音，即使关税方面进展不大，人工智能的繁荣也将持续。我们最近对债券更加谨慎，因为债券的技术面、美元走势和资金从美元资产撤离。我们继续看好高质量信贷，总体上对债券市场比对股市更谨慎。我认为“抛售美国”的主题对债券市场和美元的影响大于对股市的影响。 Jennifer Dlouhy: 美中官员面对面会谈超过六小时，并继续进行，这是一个好兆头，表明贸易紧张关系可能缓和。可能的结果是放宽美国对技术出口的限制，以及中国对稀土材料的限制。如果中国保证放宽对用于智能手机和战斗机等设备的稀土材料的限制，美国已明确表示愿意取消对喷气发动机零件、核电站设备、化学品和其他技术的出口限制。联邦上诉法院可能随时就继续暂停特朗普的大部分关税做出裁决。 Stephen Engle: 中国对美国试图从会谈和贸易战中获得什么非常怀疑。中国希望减少甚至取消关税，并希望在与美国进行对话时保持一致性。出口管制可能是美国减少在日内瓦休战后增加的限制的筹码。中国试图衡量白宫试图获得的意图和最终结果，而不仅仅是对美国单方面有利。中国日报表示，压力和胁迫不会对中国起作用，中国已准备好坚决反击美国的任何恶意举动。中国对美国非常怀疑，但愿意进行谈判。中国正在使其出口目的地和可用市场多样化，但这还不足以抵消跨太平洋地区的贸易。中国面临经济压力，工厂出厂价格的通货紧缩已经持续了32个月，下降了3%以上。

Deep Dive

Chapters
The US and China trade talks focused on critical minerals and semiconductors. The US wants quicker access to rare earth minerals from China, while China seeks access to US semiconductors. The US is considering restrictions on the export of advanced AI chips.
  • US seeks faster access to rare earth minerals
  • China wants access to US semiconductors
  • US may restrict exports of advanced AI chips

Shownotes Transcript

Asian shares edged up, buoyed by expectations about the US-China trade talks as officials struck a positive tone after the first day of negotiations. While no significant breakthroughs were announced after the first day of talks and stocks pared some of their earlier gains, US officials sounded optimistic about the negotiations. With a key inflation read on tap Wednesday - and the Federal Reserve is entering a blackout period before its June 18 interest-rate decision - money managers are wrestling with what could propel the S&P 500 back to a record after the index soared 20% from its April lows. For a look at how the talks are impacting market action, we hear from Jim Worden, Chief Investment Strategist at the Wealth Consulting Group.

Talks will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. The advisers will meet again Tuesday at 10 a.m. in London, the official said. US Commerce Secretary Howard Lutnick said discussions between Washington and Beijing were "fruitful" and Treasury Secretary Scott Bessent cited a "good meeting." Talks will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. The advisers will meet again Tuesday at 10 a.m. in London, the official said. For a closer look, we hear from Bloomberg's Jennifer Dlouhy in Washington and Stephen Engle in Hong Kong. They speak with Bloomberg's Shery Ahn and Haidi Stroud-Watts.

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