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cover of episode Australia Election Preview, Microsoft and Meta Earnings Beat

Australia Election Preview, Microsoft and Meta Earnings Beat

2025/5/1
logo of podcast Bloomberg Daybreak: Asia Edition

Bloomberg Daybreak: Asia Edition
AI Deep Dive Transcript
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Dan Morgan: 微软和Meta的业绩好于预期，这为科技板块的反弹带来了希望。如果苹果和亚马逊也能交出亮眼的财报，科技股有望进一步反弹。 Paul Allen: 澳大利亚大选受到特朗普的影响，反对党领袖最初的政策借鉴了特朗普，但在美国对澳大利亚征收关税后被迅速放弃。澳大利亚总理试图联系特朗普但未果，这表明澳大利亚在与美国进行贸易谈判方面可能排在其他国家之后。澳大利亚经济面临生活成本上升、住房危机和高利率等问题，这些问题也影响着大选。工党政府拥有微弱多数席位，反对党联盟需要赢得超过20个选区才能执政。“Teal”独立候选人的兴起侵蚀了联盟党的支持基础，年轻选民对住房问题感到沮丧。澳大利亚政府和央行之间保持着良好的独立性关系，政治势力不会干涉货币政策。 George Cipolloni: 微软和Meta的强劲业绩，特别是Azure业务的强劲增长，为市场注入了活力。美国第一季度GDP下降部分原因是企业在关税生效前抢购商品。美国政府的关税政策具有历史性，最大的担忧是可能引发贸易战，从而缩小全球经济规模。消费者通胀预期上升，而消费者信心下降，这可能导致滞胀风险。美国和中国都面临着贸易战带来的痛苦，需要通过对话解决问题。市场预期美联储可能在6月份降息。Penn Mutual采取了杠铃策略，在短期债券和长期债券上进行投资，并利用市场波动进行投资。在高收益债券投资中，应关注高质量的高收益公司，避免垃圾债券。在股市投资中，可以关注不受关税影响的公司和可能从积极的关税消息中受益的公司。

Deep Dive

Shownotes Transcript

US equity futures rallied Thursday on stronger-than-expected tech earnings and signs the Trump administration may be close to announcing the first round of trade deals to reduce planned tariffs. The advance for US futures came after the S&P 500 erased an intraday drop of more than 2% Wednesday to close 0.2% higher. Shares in Japan and Australia both edged lower Thursday. A number of markets are shut for holidays across Asia including Mainland China, Hong Kong, Singapore and India.

Meantime, the outcome of Australia's tight federal election could be the next catalyst for local assets as a tariff standoff between the US and China continues to rattle markets. We preview Saturday's federal election with Bloomberg's Paul Allen in Sydney.

Plus - contracts for the S&P 500 and Nasdaq 100 both gained at least 0.9%, helped by a post-market rally for Microsoft Corp. and Meta Platforms Inc. following their bullish corporate results. Microsoft posted better-than-expected sales, while Meta also exceeded analysts' sales forecasts, suggesting customer demand hasn't been rattled by tariffs. We discuss the day's Mag Seven earnings and the latest eco data out of the US with George Cipolloni, Portfolio Manager at Penn Mutual Asset Management.

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