Bloomberg直播仅播报欧洲科技股和ASML等盘中走弱，无新增可交易AI算力催化

【实时直播转录 · Bloomberg TV+】
来源:Bloomberg TV+(bloomberg 直播间 btv_us) · 标题:Bloomberg TV+
时段:2026-07-17 15:00–15:30(Asia/Shanghai),共 208 段
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[15:00] Things off this Friday morning, we will see where the day takes us, but the stock 600 then waiting for that to open. and I see the first100 is flat to positive right now.
[15:00] But doesn't look to have got quite into its stride, although we are expecting that the Fie is maybe somewhat resilient to the negativity around tech and that seems to be the dominant.
[15:00] Coming to us from yes, the US session of yesterday and the Asian session. So we're down by 2 centss of 1% on the stock 600, but without many.
[15:00] These markets having opened up so we're waiting for opening prices on the DAX, the AEX, the catcarron, the Iexex, there we go, attack tech weakness themes.
[15:00] Certainly signaled by the fact that the AEex is downed by more than 1%. So we'll certainly keep an eye on Asml. Are we seeing any negativity there, And Tom, I know that this was one.
[15:00] The companies we've been focusing on a lot this week, with the numbers looking seemingly pretty good. the stock went higher than eventually selling off and then bouncing again on the yearT.
[15:00] SMC numbers which in themselves didn't go down very well with investors, so a lot of complex themes, it seems coming to us from the tech sector.
[15:01] certainly being felt in tech and SMmL is one of those names currently down a little over 4% som and that is a significant move.
[15:01] For a company with this kind of market weight, so across your sectors Esm is a drag on tech that is your biggest loser right now as a sector currently down one.
[15:01] 8%Basic resources which came under pressure yesterday as well with the worst performing sector yesterday, basic resources continues to sell off currently down 1..
[15:01] 5% we seen copper prices dropping, and that will be a factor at their geopolitics, of course, and what's happening in the Strrat of home moves continues arguably to.
[15:01] A factor food and beverage currently at the top of your list up 1.2% and so you're seeing about.
[15:01] five, six, six sectors in positive territory and a majority seeing losses and tech.
[15:01] biggest downside coming through for that sector right now. Yes, indeed, I'm just drawn to a red headline that picks up on a thing that we've been talking about earlier on in this.
[15:01] Of course, this is Japanese Prime Minister Takaichi talking about the GIF, the GF, the pension fund, investing in Japanese assets.
[15:02] Caing that a key initiative, so we'll be watching what this does to Japanese bond markets, seeing a bit of movement there but.😊
[15:02] See how that plays out we've been tracking this hadn't we all the way through the week, to and getting really interesting steers as to whether they were going to actually.
[15:02] think whether the GIF was going to invest or not, that was seen as something that could influence the yen as well, but this is taking us a little bit off topic of the European.
[15:02] ke but it just struck me it's interesting that that European, that red headline just dropped across these markets modest.
[15:02] en16222, so up a 10th cent versus the US dollar on the back of these comments we have, of course it is going to be.😊
[15:02] A holiday in Japan as well, so we have seen historically in recent history that holidays in Japan have been used for intervention.
[15:02] Invention has not been working so well, so we'll see if they actually intervened, but this has been a key part of the signaling is whether or not this giant pension fund.
[15:03] Have greater exposure to Japanese assets Yeah will there be more ability for this fund to buy?
[15:03] JGBWill it be incentivized more to buy JGB We're actually seeing some buying at the short end of the JGB curve.
[15:03] With let us turn back towards happening.
[15:03] ge the AEXWe see that in some of the sector movess that Tom was just taught European equity strategy head.
[15:03] at city with us on set this morning be nice to have you with us so yes, you join us on yet another down day but let's not let that put us off.😊
[15:03] Because I know that you are constructive, is this constructive on European stocks, constructive on stocks globally, you're constructive on stocks to some degree?😊
[15:03] It's really constructive on global equities, but not over the next week or two, but over the next six to 12 months.
[15:03] Right and really what is happening right now in the market, we have to put it in the context of what has happened in the past few months global.😊
[15:04] Aquiities are 10% up in the first half of the year, despite all the negative news flow that we.😊
[15:04] Heads and potential economic shock via higher energy. And yet, we are up right, major.
[15:04] around the world are hitting or close to all time highs, so some pose was really inevitable.😊
[15:04] And of course, as we've been coming out of this economic potential pressures via higher oil.
[15:04] Has started to hope for some broadening, the long awaited broadening. Now, for that to happen, you need to have some rotation.
[15:04] And rotations tend to happen in quite a violent way sometimes and this is what we are seeing right now.😊
[15:04] Stepping away from the near term volatility, the question is over the next six to 12 months, do you want to own stocks?
[15:05] And the answer is most likely, yes, okay, and so to see broadening them be, we have to see some reasons to be.
[15:05] Excied about things other than tech. But do we also have to see tech underperform then, Is that a feature of broadening, And we shouldn't necessarily see that as a.
[15:05] Has a huge negative then yes, in theory yes, so you should have two conditions number one, you need to see signs that.😊
[15:05] From macro fundamental perspective, this broadening to other sectors is plausible, we are seeing a lot of that right now.
[15:05] And the other one is, of course, you want to, you should see tag being on pause, but not really.
[15:05] Telling off too much not to drag the market down. right So there is still a question mark how this is going to resolve in the very short term, but.
[15:05] In terms of the science of broadening, city economic surprise indices picking up everywhere in Europe, actually, the strongest deltas.
[15:05] toricallyThat correlates quite well with the relative outperformance of Europe, and that has been happening in the past few weeks for.😊
[15:06] Other reasons as well, and then what is the most encouraging and that's the most encouraging, especially in Europe but is happening around the world.😊
[15:06] Is the dynamics, the latest dynamics in the earnings revisions. So the direction of the analyst forecast.
[15:06] Upgrading or they downgrading. So earnings provisions actually have been picking up for a few weeks, but they've been picking up until.
[15:06] Recently, by just agreed to tech our commodities. So what we are seeing right now is interesting. So we have three dimensions.😊
[15:06] Of positivity, number one, the levels actually European area on Monday has hit almost all time highs.😊
[15:06] 30% only a handful of times Was it around these levels or higher from that perspective.😊
[15:06] You could say, well, maybe it's not going to go much higher as we are almost there, but there comes the second dimension, which is breath.
[15:07] So 80% of sectors in Europe are seeing upgrades right now, and this broadening we are seeing in other sectors.
[15:07] the world, and it tends to be a good lead on outperformance of cyclicality over the next three to six months. and the final.
[15:07] All of these upgrades have been happening against seasonal trends So in pre reporting season.
[15:07] Into the reporting season, you should start seeing downgrades, we've been seeing big upgrades and again that's a good lead on upgrades continuing.😊
[15:07] If what we're seeing in the Strait of Homs becomes the new normal, how does that change what we're seeing in terms of the earnings?
[15:07] the macro data that is supporting that it really depends what's the level of oil we are going to stabilize on, right?
[15:07] It's still a surplus market when it comes to oil around the world, so clearly this right?😊
[15:07] Now the market has other problems to worry, if O states around 1890, it's going to have some drug on.😊
[15:08] The economic variables, right, So perhaps this city economicomic surprise inices are not going to go much higher. This is why the market.
[15:08] Its worried, but the question is also, how long is' going to last. So what do you mean by new normal, right.
[15:08] That happening forever, what is happening right now So Yeah, that's, so 8590.
[15:08] It's not great, but corporates can live through that, they have that resilience.
[15:08] Which parts of the European equity space do you expect to see the most aggressive upgrades on earnings, given what you're seeing right now?
[15:08] So the interesting thing is 80% of them are seeing upgrades, right still the biggest upgrades are.😊
[15:08] ing in tech also around the world. This is also the reason why I am not convinced that the way forward is completely.
[15:09] You just come back from tech, right, because perhaps tech becomes part of the.😊
[15:09] To have in your portfolio. but it's part of cyclity that you want to own and in Europe financials.
[15:09] Continue to see very, very strong upgrades. And to us, it continues to be an overweight European banks. And it is one of these more.
[15:09] Interesting and well anti EI trade, right, so it has reasons to move higher on its own.
[15:09] Yourre what is happening in the AI trade. You don't feel quite so positive about UK stocks or at least you before this recent.
[15:09] oil prices absolutely put off, but partly because they've done so well because of the commodity exposure. So one thing they've done so well.
[15:09] So it's not a downgrade on its own, right it's what we've done in the global portfolio, we've swapped the UK for Japan.
[15:09] Which if you over the next six months, if you see signs of broadening, broadening happens into cyclicality, and Japan has many.
[15:10] cyclical drivers that could push it higher. The UK will do well in this type of environment, but because it has so many.
[15:10] Fensive weighting is's not going to outperform the other regions that are more cyclical, that's it simple as that bad.😊
[15:10] Within the UK, we definitely like the cyclicality right so the UK banks, the basic resources, which I know are getting a bit of a boost.😊
[15:10] Right it is anothering that potentially will start picking up again pleasure. Thank you for.
[15:10] This Fridayday, B tomante City European equity strategy head talking of individual equities or names to focus in onsbbury.
[15:10] The Co six right now, there's a movement in the defense space, there's a movement, of course in luxury, so my eye is drawn to what's happening with rhine Mattel currently.
[15:10] 1% it's a different picture for other players within defense today, luxury is a little softer, at least for LVMH, down 1.2%.
[15:11] No an auditicing the drug space just off by 2 cents percent, but the biggest name that really stands out is ASML, given its market weight, the most valuable.😊
[15:11] Eopan company carried down 3.9% and that is despite of course earlier this week coming through with some very strong earnings, so some caution again for ASML.😊
[15:11] And the impact being felt for that company as a result of the risk of sentiment around semiconductors, let's get a check on some of the other individual stocks on the.
[15:11] This Fridayday Chloe by chloe good morning tom so yeah, as you were mentioning, asml is seeing a lot of weakness this morning and it's really.😊
[15:11] The same across that semiconductor sector as we are seeing this broader chip sell off as investors are really questioning whether there's lofty.😊
[15:11] Still make sense for those semiconductor companies and so we are seeing ASM down the most more than4.6%.😊
[15:11] The ASmLB semi infinian, we are very much in the red and quite deeply in the red across that semiconductor sector this morning.😊
[15:11] ssingly we're also in the red for Burberry down almost a 4% despite actually having quite a positive update this morning.😊
[15:12] In particular strength in the US market, but perhaps the investors were expecting sales growth to come in ahead of expectations rather than just.😊
[15:12] In line and perhaps some of that cautious outlook around the geopolitical environment is also weighing on sentiment a little bit, and so we're down quite a bit actually.😊
[15:12] There were also in the red for Volvo cars, which has flagged that there was weakening demand, very weakening demand in China.😊
[15:12] And that it scrapped its sales growth target as a result of that it doesn't bode well, of course, for the rest of that car making sector which has been dealing with those.😊
[15:12] Cos and that higher competition from Chinese car makers as well analysts have said that this is going to be the lowest point for this latest quarter.😊
[15:12] Volvo so things might start to get better moving forward, moving on to Nordic banks. and we are also in the red.😊
[15:12] After Swweat Bank actually reported net interest income that was below expectations and then Danski bank interestingly.😊
[15:13] boostoot its guidance, but we are also in the red there and finally, let's end with one positive mover and we've got subab in the defense.😊
[15:13] A sector moving up being in the green this morning after second quarter operating profit came in ahead of estimates and it has really benefited.😊
[15:13] From this continued demand for military capabilities and sore up almost 3% this morning forsab.😊
[15:13] Chloe, thank you Chloe mely with those stocks that aren't moving this morning coming up something else that has been moving this week, oil is heading for its biggest weekly advance since8.
[15:13] As energy supplies continue to be disrupted by the Iran war, we will look at the outlook for crude next, this is.
[15:14] I'm Davidd Westton.
[15:14] week on Wall Street for stories of capitalism this week, former Cleveland F president Loretta messster takes us through the new c number.
[15:14] 🎼's Fron explains what the rush to AI means the corporate sea suite. what building President Trump's golden.
[15:14] And refunding that $160 billion in trump tariffs is not as easy as it looks how much of that have you realized?
[15:14] 🎼Watch Wall Street Week more than what you need to know. It's what you need to think about bringing you up to the minute geopoliical news whenever.
[15:15] Where itI'm jennifer aja in the la to highland and this is bloomberg to bloomberg this weekend.
[15:15] News today from wall street to washington earnings season is underway we're going to get some key reports everything you need to know before the markets open on monday bloom this week.
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[15:16] 🎼BloombergNext week on leaders with me Fran Na I speak to Vialcapur, the chief executive of.
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[15:16] Bringing you up to the minute global news whenever and wherever it happens, I'm Joanna Versace in Ela, Saudidi Arabia.
[15:16] And this is Bberg.
[15:16] 🎼Welcome back to the Every Trade, we are 16 minutes into today's session.
[15:17] Across the European stocks 60, you're seeing losses of six tenths of8 percent the most acute selling coming through for the tech sector and we've seen that over in8.
[15:17] and the U.S overnight as well, and the handoff of course to Europe negative, so tech is selling off pretty aggressively, currently down 2.2% Annana.😊
[15:17] Let's talk about the luxury sector because we've had some numbers out from the luxury space Burberry, specifically shares are lower after the British luxury fashion brand.😊
[15:17] Reported growing sales across all of the ranges for the first time in three years with robust demand coming from the U.
[15:17] increasing the industry as a whole has seen a major downturn and exacerbated by the war in Iran, of course let's talk to our luxury reporter.
[15:17] You rescuescue who has more details for us here, so there's sort of the war related story here, there's the Burlberry specifics, and there's a lot of interesting.😊
[15:17] gs let's start with the latter then Angelina what's driving the stronger performance coming out of the U?😊
[15:17] Hi Annana, indeed, I mean, basically all regions grew except for the Europe and the Middle East.😊
[15:18] But it was led by the US, the US., and we've seen yesterday with Hishmo, definitely the strongest region.
[15:18] When it comes to luxury spending, you also have to look at equity markets and if equity markets are strong, the US consumers.
[15:18] Tend to spend more because they feel good about the future, about their savings, their investments, and therefore they spend more.
[15:18] So yeah, 12% that was very strong for Burberry, however, on the flip side and that's what's maybe driving.
[15:18] The share to be down 4% now east down the region overall was down 3%.
[15:18] It would have been down 1%, that's what they said, so it's not only impacting sales in the Middle East which is a relative.😊
[15:18] tiny region for them, the Gulf and in Europe, so maybe that's what's.
[15:19] Investors wanted something stronger from that side so that yeah, they cited geopolitics.
[15:19] dn't, is there a broader read across for the luxury sector from that geopolitical hangover from the constraints and the impact?😊
[15:19] We're seeing in the Middle East and what this means for luxury I mean, yesterday we got results from Kshmon.😊
[15:19] Were very good, but it mices in a different category because they sell essentially, you know Kaatti and Benley, they sell hard lung.😊
[15:19] And typically in times of volatility, of uncertainty, we have a war four years ago. also we also had a war in Europe.
[15:19] Have a war in Europe, so people seem to appreciate putting their money and spending in gold products.
[15:19] So actually Richhmond did okay in the Middle East, Burberry, as we're seeing from the numbers is still.😊
[15:19] A drive from the lack of spend or the lower spend from that region and those consumers so we'll have to see for the rest of the sector but also.
[15:20] We have to remind ourselves that Burber' and a turnaround phase appointed the CEO, Joshua Sulman two years ago.
[15:20] He's modifying the strategy, he's putting front and center, the alerward category, and actually they did.
[15:20] Relatively good, well, with a rainware, they launched a campaign about portraits of an icon about the trench code, you beautiful portraits.
[15:20] blck and white with celebrities, British celebrities like Kate Moss so that seems to have attracted customers, so he's doing he seems like he's doing the right things.
[15:20] But maybe the st will take longer than expecting amid all this volatility and uncertaintybergs Angelina.
[15:20] Thank you for that update on the Burberry earnings and the broader Read Cross as well let's switch focus from luxury to oil now oil is headed for its biggest.😊
[15:20] Weekly advance since April, as the escalating conflict between the U and Iran disrupts supply chain flows from the Middle East investors.😊
[15:21] Now looking then to how a persistent disruption on oil supply will impact global energy markets, let's get more from Bomberg Asia energy reporter Stephen.😊
[15:21] Stopinsky, Stephen, we were talking to Biato Mante from city earlier and she said, look, it's all about in terms of the impacts on court.😊
[15:21] It's all about the timing, how long this persists and if we stay between 85 and 90, that's manageable, if this is the new normal.😊
[15:21] Sthen,What should we expect in terms of what we see in terms of oil flows and prices, is this still an oversupplied market?
[15:21] You know, I think it depends on how you describe oversupplied because I think if you look at it.
[15:21] Different regions in different fuels. It paints a more nuanced picture. So in Asia, yeah, right now, Asia is.
[15:21] At least for crude somewhat oversupplied, buyers had been preparing for this since March and they had found replacements.
[15:21] For the next few months, so they're basically covered and when you look at what the Middle East has been offering, they've been having to offer their.
[15:22] At a deep discount. So that oversupply for crude barrels isn't really going away. There are fears that it.
[15:22] Could get tighter. There are different parts of the world that are tighter. but I think you also have to look at different parts of the barrel because.
[15:22] Oil is not just crude oil when you refine it, it's jet fuel, diesel, gasoline, and that's where you see a tighter market.
[15:22] Prices and some of the fears, because there is refining capacity within the Persian Gulf, and that could be squeezed to a.
[15:22] I think one other thing that's being closely monitored is what happens with the baab Elmandeb Str, which is that small waterway that gets through the.
[15:22] Into Asia, and that's how Saudidi a has been able to reroute a lot of its oil through the eastwet pipeline out of the Persian Gulf and into the.
[15:22] Red say to its customers about 7 million barrels per day now if that were to be disrupted, which there are reports that.
[15:23] Iranian officials have asked Houthhi rebels to do so if their power infrastructure were hit in US.. attacks, then you start to see a bigger fear.
[15:23] The market has been able to digest the Horu's disruption to a degree because of the work rounds. You take away one of the work rounds.
[15:23] It is a much tougher situation later in the year for crude very much thanks for the update.
[15:23] Stepheneven Sapchinsky keeping across all of the energy related stories and what the developments in the Middle East and indeed in Russia mean for those.
[15:23] Let's pivot to some US politics Tucker Carlson was once one of Donald Trump's most prominent allies the US Israel War.
[15:23] With Iran, however, marked a decisive split between the conservative commentator and the president Carlson now argues Trump has ban.
[15:23] And his America first agenda and allowed Israel to drive U.S. foreign policy he spoke to Michelle Hussein on the Michelle Hussein show.
[15:23] I'm seen as disloyal disloyal first of all, loyalty goes two ways second.
[15:24] That matters is the loyalty of our leaders to the country they represent and they're disloyal. Trump has been disloyal to the United States.
[15:24] y cheated on the United States with a foreign power, so I'm not the one who's been disloyal.
[15:24] himself, without Benjamin Netanyahu by his side, has said the ceasefire is over, isn't the more honest and direct thing to.
[15:24] old him fully accountable for his actions as the most powerful man in the world he's the most powerful.
[15:24] I have held him directly accountable. It's his fault. He's the US president, he was elected. That's his job.
[15:24] A huge part of the job is resisting pressure from outside forces, I mean, and many presidents have to varying degrees resisted.
[15:24] You know attempts to control them from outside and he didn't, so he's weak.
[15:25] Now, a white House official said no country or leader pressures President Trump to do anything and he makes decisions based on what serves Americaica.
[15:25] , you can watch the full episode of the Michelle Hussein show on Bloomberg dot com forward slash videos or listen wherever you get your podcast.
[15:25] For added context and to read mile's notes visitag.com.
[15:25] Be doing and has made a decision on is number one accusing China of interfering in the 2020 elections of which.
[15:25] The US intelligence agencies say that there is little to no evidence at all of that and also restricting visas for China.
[15:25] Journalists in the U. and we've had a response from the Chinese Foreign Ministry to part of those decisions saying.
[15:25] It may take countermeasures and we know that China does see reity reciprocity I forget my other words out.
[15:25] To things like journalists visas and we've seen that in the past, so the Chinese journalists will be restricted on these decisions in the US to 90 days.
[15:26] You can imagine that China will reciprocate then because that is typically what they have done, China rejecting the new US rules on.😊
[15:26] Journal visas, according to this briefing from the Chinese For Ministry, saying that the U. should cancel the changes, also saying that the China has.
[15:26] Ind in U elections Com up on this program, we will discuss defense. We'll talk about defense tech, in fact.
[15:26] With the CEO of a European Def startup Cken technology group now highly valued here in the UK.
[15:26] 🎼The future of defense spending in the UK in Europe and beyond this is Bigbeag.
[15:27] In case you missed it on Bloomberg crypto, we've just launched the first regulated perpetual futures product here in the United States.
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[15:27] There's a lot of both retail and institutional interest in perpetual futures, and we're likely to see that continue to grow How do distinguish between.
[15:28] 🎼Informed trading versus insider trading. And we know there's also talks with Congress like are you going to ban people who may have special knowledge.
[15:28] The public does not know so we prohibit members of Congress from trading on our platform U law already prohibits members of the U.S government.
[15:28] And from insider trading on information that they have, it has been exciting to watch Congress explore legislating in this space, and we're largely supportive of legislation.
[15:28] Efforts to target those contracts where they may have insider information and we do that work on the exchange to prohibit and detect that activity already.
[15:28] Don't miss bloomloberg crypto live Tuesdayes.
[15:28] 🎼Stories of capitalism this week, former Cleveland Fed President Loretta Mester takes us through the new CP numbers and chairir Warsh's congressional testimony.
[15:28] Lare Eron explains what the rush to AI means to the corporate sea suite, what building President Trump's golden fleet will require and refunding that 10.
[15:29] 🎼6 billion in Trumps isnt as easy as it looks how much of that have you realized watch Wall Street week more you.
[15:29] To know it's what you need to think about.
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