# Brent Holds Gain as Iran Tensions Flare Up Again

An episode of [Bloomberg Daybreak: Asia Edition](https://invisiblenetwork.ai/podcast/1663863437), 5 May 2026, 18 min.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/58e85be7-dbb5-4043-afed-af80014dc0b3/e3a41615-7253-41f3-a22b-b44100149ed2/audio.mp3?utm_source=Podcast&in_playlist=27143354-63aa-4ac5-965d-af80014dc0d3

Business and finance news from the Asia-Pacific. Crude oil held its gains as the US and Iran exchanged fire, jolting a four-week-old ceasefire and raising concerns that Middle East tensions could escalate again. Brent edged 0.5% lower to just under $114 a barrel at the open Tuesday as escalating tensions around the Strait of Hormuz raised fears about high energy prices and global inflation. Australian shares opened lower, with markets closed in Japan, South Korea and mainland China. US equity-index futures were little changed after the S&P 500 Index retreated from its record on Monday. We spoke to Paul Dobson, Bloomberg's Executive Editor for Asia Markets. And for more on the markets, we heard from Kyle Rodda, Senior Market Analyst at Capital.com speaking to Bloomberg TV hosts Paul Allen and Shery Ahn. See omnystudio.com/listener for privacy information.

## Transcript

[0:02] Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
[0:10] Speaker 2: Welcome to the Daybreak Asia podcast. I'm deg Krisner. We
[0:14] Speaker 2: have market holidays today in Japan, South Korea and mainland China.
[0:18] Speaker 2: Elsewhere across the Asia Pacific equity markets will be facing
[0:22] Speaker 2: some pressure today given a surge in oil prices. So
[0:25] Speaker 2: we have these escalating tensions around the straight ofform moves
[0:28] Speaker 2: and they have in turn raised fresh fears about sticky
[0:31] Speaker 2: global inflation. Earlier today, the American military fought off Iranian
[0:36] Speaker 2: drone attacks as the Navy attempted to facilitate the passage
[0:40] Speaker 2: of two US flagged merchant vessels through the Strait, and
[0:44] Speaker 2: at the same time, the UAE said and Iranian drone
[0:48] Speaker 2: struck a port in the city of Fujeria. Right now,
[0:52] Speaker 2: after rallying in New York trading by more than four percent,
[0:55] Speaker 2: WTI is actually down about one point four percent. We're
[0:58] Speaker 2: trading right around one hundred and five dollars the barrel
[1:01] Speaker 2: for a closer look at some of this price section.
[1:03] Speaker 2: I'm joined by Bloomberg's Paul Dobson. Paul is executive editor
[1:08] Speaker 2: for Asian Markets. Any joins from our studios in Singapore.
[1:11] Speaker 2: Thank you for being here, And I'm going to ask
[1:13] Speaker 2: you whether the market is more worried by the spike
[1:16] Speaker 2: in US treasury yields right across the curve, or whether
[1:20] Speaker 2: oil is dominating market psychology.
[1:24] Speaker 3: The two are very much connected. Of course, The reason
[1:27] Speaker 3: that the treasury yields a higher is primarily due to
[1:31] Speaker 3: the inflationary impacts of the higher oil and energy prices.
[1:34] Speaker 3: But I do think that we're at quite crucial levels
[1:37] Speaker 3: when you look at US government bonds again now the
[1:40] Speaker 3: thirty year yield back above five percent, which it hasn't
[1:44] Speaker 3: managed to hold onto for very long each time it's
[1:47] Speaker 3: risen above that previously. So the test will be whether
[1:51] Speaker 3: it can keep on going from here or whether it
[1:52] Speaker 3: turns around and starts to come down again. And that
[1:55] Speaker 3: really is going to be pretty heavily dependent on the
[1:58] Speaker 3: events that we see unfolding in the at least, and
[2:00] Speaker 3: what that means for crude oil prices as well.
[2:03] Speaker 2: It was very interesting that we had a piece on
[2:06] Speaker 2: the Bloomberg terminal earlier citing the odds on poly market
[2:10] Speaker 2: of a piece deal, and they seem to be collapsing
[2:13] Speaker 2: right now. So is there the risk that the market
[2:15] Speaker 2: has become maybe a little complacent that there's going to
[2:18] Speaker 2: be a conclusion here to this conflict in the near term.
[2:23] Speaker 3: I think that if you ask that question, a lot
[2:27] Speaker 3: of people will say that the market has been incredibly
[2:31] Speaker 3: complacent for a very long time already, Doug. You know,
[2:33] Speaker 3: given what we've seen there, which has not been any
[2:37] Speaker 3: move towards some kind of conclusion of a deal that
[2:41] Speaker 3: reopens the Straight of Homis anytime soon, but rather this
[2:45] Speaker 3: idea that Iran is digging in, playing for time a
[2:48] Speaker 3: little bit. The US is sort of laying siege to
[2:50] Speaker 3: it by putting in place its own blockade as well.
[2:54] Speaker 3: And every day you know that ticks by the oil
[2:57] Speaker 3: and then the energy markets get a little bit more squeezed,
[2:59] Speaker 3: and and we saw that sort of get to ward
[3:03] Speaker 3: panicky levels I think last week where we had the
[3:06] Speaker 3: spike midweek incrude oil prizes that set a new high
[3:09] Speaker 3: for the cycle for front month Brent, for example. But
[3:14] Speaker 3: on the other hand, you know, it depends what markets
[3:16] Speaker 3: you're talking about, where you're talking about. I think geographically
[3:19] Speaker 3: it is quite important. The US obviously is comfortable and
[3:22] Speaker 3: its energy situation and exporting as much as it possibly
[3:26] Speaker 3: can to the rest of the world, which is keeping
[3:28] Speaker 3: everything just about ticking over but getting tighter and tighter.
[3:32] Speaker 3: We hear the warnings from the oil executives in recent
[3:35] Speaker 3: days talking about how we're getting towards that breaking point,
[3:39] Speaker 3: and yeah, you know, so far, so far, we haven't
[3:42] Speaker 3: really seen that that moment where things really stop working altogether.
[3:47] Speaker 3: We have seen some flight cancelations. I think we've had
[3:49] Speaker 3: this conversation before. So the long term thing, I guess,
[3:52] Speaker 3: you know, to bring it back to the question. The
[3:54] Speaker 3: long term thing is the complacency is if this doesn't
[3:59] Speaker 3: get resolved any time time soon, or the consumption that
[4:02] Speaker 3: a piece deal would get done sometime soon. And I
[4:06] Speaker 3: think that that contrasts a little bit with the reality
[4:08] Speaker 3: on the ground, which is that people are still waiting
[4:10] Speaker 3: for that sort of wake up, cool moment where everybody
[4:13] Speaker 3: sort of looks around and thinks, oh boy, there really
[4:15] Speaker 3: isn't any oil anymore.
[4:17] Speaker 2: So you and I have also spoken in the past
[4:19] Speaker 2: about the dilemma that this creates for global central banks.
[4:22] Speaker 2: And I know we have a rate decision later in
[4:24] Speaker 2: the day from the Reserve Bank of Australia. Is it
[4:28] Speaker 2: a foregone conclusion that they are going to raise the policy.
[4:31] Speaker 3: Rate pretty much. I think that that's pretty much a
[4:35] Speaker 3: consensus for you and priced into the market as well.
[4:38] Speaker 3: The OBA is a little bit ahead of everybody else
[4:40] Speaker 3: in terms of tightening monetary policy, worrying about inflation, but
[4:44] Speaker 3: also had a pretty robust looking economy going into the
[4:49] Speaker 3: sort of energy crisis. But what will be telling was
[4:52] Speaker 3: the how it communicates the path forwards from here. Some
[4:56] Speaker 3: traders think that maybe it will start to sort of
[4:58] Speaker 3: pull back, like so it won't be a furry hawkish hike.
[5:02] Speaker 3: But if it doesn't deliver that, then we may see
[5:05] Speaker 3: Australian government bond yields continue to ratchet higher and that
[5:08] Speaker 3: in turn putting pressure back on the treasuries and the
[5:11] Speaker 3: rest of the global bond markets. And as I said,
[5:14] Speaker 3: I think that that's really crucial because we're getting to
[5:16] Speaker 3: yield levels that are really telling that are really going
[5:19] Speaker 3: to start hurting governments in terms of financing, that are
[5:21] Speaker 3: really going to start to sort of ripple back through
[5:24] Speaker 3: the economy and raise the costs of borrowing for the
[5:26] Speaker 3: consumer as well.
[5:27] Speaker 2: So in the US session we had shares in sand Disk, Micron,
[5:32] Speaker 2: Western Digital up in there as well, along with Amazon
[5:35] Speaker 2: and Tessel all finishing pretty strong. Is tech really the
[5:39] Speaker 2: place that you want to hide out right now? More
[5:42] Speaker 2: so than the bond market, given the fact that we
[5:45] Speaker 2: just discuss the fact that there is a lot of
[5:46] Speaker 2: upward pressure on yield and as a result of that,
[5:50] Speaker 2: maybe weaker treasury prices going forward.
[5:53] Speaker 3: Yeah, Yeah, I'm glad you tipped us in that direction,
[5:57] Speaker 3: because I think when you're talking about complacency, we were
[6:00] Speaker 3: talking about it in the energy market space. There's also
[6:02] Speaker 3: accusations that the equity market is complacent. But I think
[6:06] Speaker 3: that these kinds of earnings, the very positive earnings, very
[6:09] Speaker 3: you know, sort of decent forward pipeline as well for
[6:12] Speaker 3: the technology companies, does show you that at least parts
[6:15] Speaker 3: of the economy really are still firing and aren't at
[6:18] Speaker 3: all derailed by what's happening in the straightup hormes in
[6:21] Speaker 3: the Middle East. And so I wouldn't call tech a
[6:25] Speaker 3: haven because I think that the volatility and the two
[6:28] Speaker 3: way risk is too high. It's not a safe place
[6:30] Speaker 3: to park your money. But it does look to be
[6:33] Speaker 3: somewhere that is, you know, still offering investors hope and encouragement,
[6:38] Speaker 3: and why not, you know, we are going through a
[6:40] Speaker 3: technological revolution. After all, we do know that the you know,
[6:44] Speaker 3: some parts of the supply chain for the chip industry
[6:47] Speaker 3: are sold out or have humongous demand back clogs, or
[6:51] Speaker 3: have that pricing power or able to raise their prices
[6:54] Speaker 3: even in a relatively competitive space because there's so much
[6:58] Speaker 3: hunger for that build out and everything that we've heard
[7:02] Speaker 3: so far this earning season seems to back that up
[7:05] Speaker 3: as well for companies related to the supply chain, and
[7:10] Speaker 3: the hyperscaters themselves as well have come through their earnings
[7:14] Speaker 3: relatively unscathed, with admittedly a little bit of differentiation between
[7:18] Speaker 3: the favorites and the laggarts.
[7:20] Speaker 2: So when you meet with a team and you talk
[7:23] Speaker 2: about some enterprise reporting that some of the members may
[7:26] Speaker 2: be undertaken today, what are the stories that you're going
[7:29] Speaker 2: to be most focused on?
[7:31] Speaker 3: Great question. So I think that we are watching the
[7:33] Speaker 3: government bond space pretty closely, looking for those next levels.
[7:36] Speaker 3: I think we want to analyze some more, you know,
[7:38] Speaker 3: the inflation stream impacts, how convinced investors are that this
[7:42] Speaker 3: time will hold above that five percent level. While it's
[7:46] Speaker 3: a holiday in Japan still today, the events that we've
[7:51] Speaker 3: seen with the yen over the past few days with
[7:54] Speaker 3: clear signs that there was government intervention to stabilize the currency.
[7:58] Speaker 3: I think is also going to be something investors to
[8:00] Speaker 3: keep a very close watch on, Doug, because the renewed
[8:05] Speaker 3: tension in the Middle East, the higher oil prices just
[8:07] Speaker 3: puts that pressure right back onto Japan, right back onto
[8:11] Speaker 3: the yen, and right back onto the currencies of other
[8:14] Speaker 3: energy importers across Asia. You'd look at the Rapia, you'd
[8:17] Speaker 3: look at the Philippine peser, you look at Taiba, and
[8:20] Speaker 3: you'd look at the Indian rupee as well as as
[8:22] Speaker 3: weak spots. That are the ones where you know, if
[8:24] Speaker 3: there is places where there's more concerns showing rather than complacency,
[8:29] Speaker 3: that's really one of the places where the sort of
[8:32] Speaker 3: steam is starting to escape, as it were.
[8:34] Speaker 2: Okay, Paul, good stuff, We'll leave it there, Thank you
[8:36] Speaker 2: so very much. Paul Dobson is executive editor for Asia Markets,
[8:40] Speaker 2: joining from Singapore here on the Daybreak Asia podcast. Welcome
[8:51] Speaker 2: back to the Daybreak Asia Podcast. I'm Doug Krisner. So
[8:55] Speaker 2: we have renewed tensions in the Middle East and that's
[8:57] Speaker 2: helping to inject a bit of fresh volatility into markets.
[9:01] Speaker 2: Until now we have seen a month long rally in
[9:04] Speaker 2: many equity markets, and those gains have helped to recover
[9:07] Speaker 2: some more related losses. We've also had strong earnings from
[9:11] Speaker 2: megacap tech companies in the States, and that's where we
[9:14] Speaker 2: begin our conversation with Kyle Rada. Kyle is senior market
[9:18] Speaker 2: analyst at Capital dot Com, and he spoke with Bloomberg
[9:21] Speaker 2: TV host Paul Allen and Sherry on.
[9:23] Speaker 1: Given, of course where we're at, does this surprise you
[9:27] Speaker 1: that we're not seeing bigger moves, especially in the equity space,
[9:30] Speaker 1: when you have the tenuere you'll pass four forty, you
[9:32] Speaker 1: have oil pass one hundred dollars from barrel.
[9:36] Speaker 4: Perhaps not surprising, because you know, I think the narrative
[9:39] Speaker 4: has quite rightfully focused on such strong earnings growth in
[9:42] Speaker 4: the United States, and that's had that kind of proverbial
[9:44] Speaker 4: effect of lifting all boats. But what I think canby
[9:47] Speaker 4: said is that the market is very sensitive here to
[9:50] Speaker 4: downside surprises, specifically because the markets have taken this class
[9:55] Speaker 4: half ull approach to the conflict in the Middle East,
[9:58] Speaker 4: which could easily escalate in the worst case scenario, or
[10:01] Speaker 4: if nothing else, even in the best case scenario. At
[10:03] Speaker 4: the moment, still see the straight up home moves shut
[10:05] Speaker 4: and energy markets remain very very tight, and of course
[10:09] Speaker 4: we're heading to that proverbial supply cliff that could see
[10:12] Speaker 4: things get a lot worse from here. So I think
[10:14] Speaker 4: in the short term there's a risk that we see
[10:16] Speaker 4: the narrative shift now back to the war, that markets
[10:18] Speaker 4: are in a position where confidence is pretty high after
[10:22] Speaker 4: such a strong earning season, and you know, we might
[10:24] Speaker 4: be poised for a bit of a pullback inequities as
[10:26] Speaker 4: a result, especially especially cyclicals, and then you know, a
[10:29] Speaker 4: bit of a bounce in the US dollar, a drop gold,
[10:31] Speaker 4: basically a reassertion of those war trades from back in March.
[10:36] Speaker 1: Yeah, and Kyle, what happens when the narrative shifts towards
[10:39] Speaker 1: a hockeysh bias from central banks? Even when it comes
[10:42] Speaker 1: to the Federal reserve. Markets now pricing in a seventy
[10:45] Speaker 1: percent chance of a FED rate hike by April next
[10:48] Speaker 1: year instead of a cut. So what would this mean
[10:51] Speaker 1: for the markets?
[10:54] Speaker 4: It would be really negative. And I think again, if
[10:57] Speaker 4: you look at the situation last week, which I think
[10:59] Speaker 4: offers a really great microcosm for where we are at
[11:01] Speaker 4: the market. At the moment in the markets, we had
[11:04] Speaker 4: policy makers making decisions, we had earnings, and we had
[11:09] Speaker 4: geopolitical risk. Really, geopolitical risks got worse. Policy uncertainty probably
[11:14] Speaker 4: picked up at the margins, although I do think that
[11:16] Speaker 4: the reassurances from a lot of central bank is that
[11:18] Speaker 4: they're in clients look through. This supply shock has had
[11:21] Speaker 4: an influence on maybe settling nerves and maybe supporting our
[11:25] Speaker 4: sentiment at different stages of the last six weeks. But
[11:28] Speaker 4: really held it all together, is this extraordinary earning his
[11:30] Speaker 4: growth in the United States, this sort of twenty seven
[11:32] Speaker 4: percent earnings growth that we're expecting for the s and
[11:35] Speaker 4: p five hundred for the court. Really holding it all together.
[11:38] Speaker 4: But again, if we see the narrative change when it
[11:41] Speaker 4: comes to this situation in the Middle East, that complacency
[11:43] Speaker 4: giving way, and that all of a sudden, this realization
[11:45] Speaker 4: perhaps from policymakers and therefore the market participants too, that
[11:49] Speaker 4: maybe there might be rate hikes coming down the line,
[11:52] Speaker 4: and even if they aren't necessarily assured, that the possibility
[11:55] Speaker 4: means that uncertainty picks up. It is that kind of
[11:58] Speaker 4: atmosphere where you start to see a little bit of
[12:00] Speaker 4: a rerating in the markets, especially after such an aggressive
[12:03] Speaker 4: move higher and risk assets and this kind of narrative
[12:05] Speaker 4: that's re emerged in this kind of teflon market that
[12:07] Speaker 4: can kind of, you know, shrug off these things just
[12:09] Speaker 4: because of strong profit growth. So it's just a precarious situation,
[12:12] Speaker 4: where again, from a tactical perspective, I think there's downside
[12:15] Speaker 4: risk and risk.
[12:15] Speaker 2: Assets, Kyle.
[12:19] Speaker 5: From a political perspective, there's certainly motivation to get the
[12:22] Speaker 5: straight of horn moves open because we're six months away
[12:25] Speaker 5: exactly from the midterms in the United States. So can
[12:28] Speaker 5: we assume that it's probably going to happen within those
[12:30] Speaker 5: six months, And when it does, what sort of reaction
[12:33] Speaker 5: would you anticipate from equity markets considering they're already looking
[12:36] Speaker 5: through the risk anyway.
[12:39] Speaker 4: Well, I think that's the problem is that the markets
[12:41] Speaker 4: are making that bet that it's in the United States
[12:44] Speaker 4: best interest because of the domestic political situation to make
[12:47] Speaker 4: a deal, that it's in the best interests of some
[12:50] Speaker 4: in the Iranian regime to make a deal. But the
[12:52] Speaker 4: problem is is that there is often in these situations
[12:54] Speaker 4: inertia that drags even the most best, the best intentions
[12:59] Speaker 4: actors in in a crisis towards potential conflict, especially now
[13:03] Speaker 4: that we see that there's significant differences in terms of
[13:06] Speaker 4: the Uran enrichment program, the significant differences around the straight
[13:09] Speaker 4: orfour moves, you can end up in this kind of
[13:11] Speaker 4: race to the bottom. Another thing that is worth noting
[13:13] Speaker 4: too is that the domestic political situation in Iran, I
[13:16] Speaker 4: think is being underappreciated, especially the real strong desire as
[13:20] Speaker 4: is typical historically typical of the hardline is in Iran
[13:22] Speaker 4: to try and continue to fight this war and effectively
[13:25] Speaker 4: assert its dominance in the region. So it all means
[13:27] Speaker 4: that despite the fact that clearly there is strong political
[13:31] Speaker 4: incentives in both Iran and the United States to resolve things,
[13:34] Speaker 4: and that's what the markets are betting on, that isn't
[13:36] Speaker 4: rest assured. And the fact that again the markets have
[13:39] Speaker 4: pretty much placed their bets that this is going to
[13:41] Speaker 4: be the outcome, it raises the risk of a fairly
[13:43] Speaker 4: significant downside move if the worst case scenario emerges and
[13:47] Speaker 4: we see an escalation, which again is possible and might
[13:50] Speaker 4: be just a matter of effectively strategic inertia, military inertia
[13:54] Speaker 4: dragging us to that point.
[13:57] Speaker 5: Can you also share with us your thoughts on what
[13:59] Speaker 5: we've seen on currency markets recently, particularly regards the yen
[14:04] Speaker 5: pretty obviously well, and there's a lot of speculation that
[14:06] Speaker 5: we've seen intervention from the Ministry of Finance, but it's
[14:09] Speaker 5: becoming pretty clear to you where the thresholds are and
[14:12] Speaker 5: the sorts of things the government, the Ministry of Finance
[14:16] Speaker 5: is willing to do to protect the end.
[14:19] Speaker 4: Without a doubt, one sixty is a level I think,
[14:21] Speaker 4: you know, everyone sort of knew that before this, and
[14:23] Speaker 4: you know, when we did see that level breached at
[14:25] Speaker 4: the back end of last week as a maybe slightly
[14:27] Speaker 4: more hawkish fed oil prices creeping higher, all these things
[14:29] Speaker 4: that were weighing on the end, you know, probably slightly
[14:32] Speaker 4: you know, dubbish boog relatives a BOJ relatives are fed.
[14:35] Speaker 4: One sixty got breach and everyone was waiting for that intervention.
[14:38] Speaker 4: The problem is, at least for policy makers over there,
[14:40] Speaker 4: is that they want to run effectively a run at
[14:43] Speaker 4: hot policy with both fiscal fairly loose monetary policy remaining
[14:47] Speaker 4: behind the curve and by the boj's own logic in
[14:49] Speaker 4: accommodative territory. So the problem is is that a little
[14:52] Speaker 4: bit like the you know, the beach balloon being held
[14:54] Speaker 4: underneath the water. The end's going to continue to appreciate.
[14:57] Speaker 4: The US dollars going to continue to rise anyw for
[15:00] Speaker 4: fundamentals completely separate from Japan, and that means that you know,
[15:04] Speaker 4: there is going to have to be very strong interventions
[15:06] Speaker 4: periodically from the Ministry of Finance until the BOJ strengthens
[15:10] Speaker 4: its line and gets a little bit more muscular with
[15:12] Speaker 4: monetary policy. So it's a very very difficult market to trade.
[15:16] Speaker 4: But I suspect that we'll continue with everything, assuming everything
[15:19] Speaker 4: remains the same at the moment, with the political situation
[15:22] Speaker 4: in the Middle East, monetary policy in the United States,
[15:24] Speaker 4: economic conditions in Japan, that the end will err towards
[15:27] Speaker 4: downside pressure and all that means that one sixty level
[15:30] Speaker 4: is absolutely crucial, and we'll probably see on any breach
[15:33] Speaker 4: of that level, especially if it's rapid, an intervention from
[15:36] Speaker 4: the Ministry of Finance.
[15:39] Speaker 1: Yeah, the yen definitely not acting as I see I
[15:41] Speaker 1: have even aw said these seas. But one about gold.
[15:43] Speaker 1: I mean, we had seen the geopolitical risks really support
[15:48] Speaker 1: the bullion, but we are now seeing inflation risks.
[15:51] Speaker 4: Perhaps you roll that, Yeah, it's a mechanical issue here,
[15:56] Speaker 4: and that's you know, of a high US dollar. You know,
[15:58] Speaker 4: there's a number of reasons, you know, interest rate differentials,
[16:01] Speaker 4: the trade situation, and US energy independence. And then obviously
[16:04] Speaker 4: when oil prices rise, their barrel of oil requires a
[16:07] Speaker 4: few more dollars to be able to purchase all those things.
[16:10] Speaker 4: Plus the inflation shot coming through lifting yields is going
[16:13] Speaker 4: to have the impact of weighing on goal prices. So
[16:16] Speaker 4: I think in the short term, especially where we are
[16:18] Speaker 4: now with how things are positioned, you know, gold could
[16:20] Speaker 4: be looking at another potential spill back towards those sort
[16:23] Speaker 4: of low four thousands, maybe high three thousands, I think
[16:25] Speaker 4: in the long run, and if gold gets to those levels,
[16:28] Speaker 4: it should be well supported because if we look at
[16:30] Speaker 4: this from a structural perspective, this is this conflict in
[16:32] Speaker 4: the Middle East is another example of the kind of
[16:34] Speaker 4: multipole the world and the sort of debradation in global
[16:38] Speaker 4: institutions and systems that is going to lead to that
[16:41] Speaker 4: kind of further deed dollarization trade and that sort of
[16:43] Speaker 4: demand for gold as a safe haven in the bigger picture,
[16:46] Speaker 4: but once more, in the short term, it's a war trade.
[16:48] Speaker 4: It will trade as a function of a stronger dollar
[16:51] Speaker 4: and a higher global yields, and that puts downward pressure
[16:54] Speaker 4: on the goal price inevitably.
[16:57] Speaker 2: That was Kyle Rada, senior market analyst Atcapital dot Com,
[17:01] Speaker 2: speaking with Bloomberg TV host Sherry On and Paul Allen,
[17:05] Speaker 2: bringing you their conversation here on the Daybreak Asia Podcast.
[17:11] Speaker 2: Thanks for listening to today's episode of the Bloomberg Daybreak
[17:14] Speaker 2: Asia Edition podcast. Each weekday, we look at the story
[17:18] Speaker 2: shaping markets, finance, and geopolitics in the Asia Pacific. You
[17:22] Speaker 2: can find us on Apple, Spotify, the Bloomberg Podcast YouTube channel,
[17:26] Speaker 2: or anywhere else you listen. Join us again tomorrow for
[17:30] Speaker 2: insight on the market moves from Hong Kong to Singapore
[17:34] Speaker 2: and Australia. I'm Doug Chrisner, and this is Bloomberg

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