Market Trends & Geopolitical Risks - Asia is expected to open cautiously due to fatigue in Wall Street's rally and ongoing geopolitical risks [1] - The market is closely watching Asia tech, especially NVIDIA's suppliers, after NVIDIA's all-time highs [2] - The Hong Kong Monetary Authority intervened by buying $1.2 billion of local currency to defend the currency peg [3][13] - President Trump is considering naming the next Fed Chair early, potentially undermining Chair Powell [3][4] - The U S will hold a meeting with Iran next week, but the extent of damage to Iranian nuclear facilities remains uncertain [5][24][25] - Trade truce deadlines are approaching, creating uncertainty about the impact of unresolved tariff issues on inflation [35] Monetary Policy & Currency Dynamics - Markets anticipate that Trump naming a Fed Chair successor earlier could undermine Fed autonomy and lead to a dovish chair, impacting the U S dollar [18][35] - The broader dollar trajectory is for dollar weakness [14] - The Hong Kong dollar is at risk of falling out of its peg against the U S dollar, necessitating intervention [15] - The PBOC is helping to drive down benchmark borrowing costs in Hong Kong, creating an arbitrage opportunity that is pushing down the Hong Kong dollar against the U S dollar [16][17] Company Specific News - CATL is prioritizing overseas expansion due to irrational competition and price wars in China's EV market [1][35] - Zero acquired Melio, a payments platform, for $2.5 billion to bolster its U S offering and capture more market share [37][38] - Xiaomi is launching its first electric SUV, the YU7, and investors are closely watching the pricing and initial consumer reactions [56][57][58]

A major focus of our conversations at the summit was the need for other NATO members to take up the burden of the defense of Europe, and that includes the financial burden. As you know, it was a 2% and we got it up to 5%. And they said a couple of them came up to me.One in particular said, Sir, we've been trying to get it up to 3% for 20 years and we haven't been able and you got it up to 5%. So they're going to be most of them, I guess almost all of them are going to be contributing now 5%, a number that. ...

very historic milestone. This week, the NATO allies committed to dramatically increase their defense spending to that 5% of GDP. Something that no one really thought possible.And they said, "You did it, sir. You did it." Well, I don't know if I did it, but I think I did. This will be known as the HEG Defense Commitment, which is pretty good, pretty appropriate. When the allies reach this number, it will add more than $1 trillion a year.Think of that 1 trillion per year to our common defense. And this is a m ...

As we await President Trump's news conference at the NATO summit, let's get over to Megan Cassellar for more. Megan, hey guys, good morning. So, this is a news conference that will wrap up a very quick trip by the president to the Netherlands, spending less than 24 hours there for the NATO summit, but we do expect him any moment.He's had a series of pull aides this morning with the head of NATO, uh, the leader of the Netherlands. Ukrainian President Vladimir Zalinsky was meant to be on his bilateral schedul ...

President Donald Trump holds a press conference at the NATO summit in The Hague. The alliance just reached a deal to increase defense spending to 5% of GDP and leaders renewed their commitment to mutual defense in an historic move that comes at the time of an increasingly belligerent Russia. ...

President Donald Trump delivers remarks at NATO summit on Wednesday. NATO will show on Wednesday whether it can unite on a defense spending hike. Allies have been wrangling over a joint statement that will be released at the end of the summit on. The coalition’s members have been pressured to commit to spending 5% of GDP on defense. Some have pushed back. Trump doubled down on the success of Washington’s strikes on Iran, dubbing an American intelligence assessment of the offensives as “inconclusive.” The in ...

We're with them all the way. If you take a look at the numbers, we're with them. And they're very big things to announce.And I don't know if you've taken the vote or you're going to take the vote, but I've been asking them to go up to 5% for a number of years and they're going up to 5%. That's a big from 2%. And a lot of people didn't even pay the 2%.So I think it's going to be very big news that it is going to become very strong with us. And I appreciate doing it. Perhaps you want to jump.Yeah, absolutely. ...

US President Donald Trump expressed support for NATO, praising its moves to bolster defense spending. Trump and NATO Secretary General Mark Rutte were speaking to reporters in The Hague. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect wi ...

I'd like to get your reaction from what we got over the weekend from Donald Trump air strikes over Iran. I would like to get an idea if you have an appraisal of how imminent the threat from the Iranian nuclear program was. Was it was the American action in violation of international law as a matter of a consequence.Well, the international law says, you know, gives you good to reasons where you can use force. One is self-defense and the other one is by the mandate of the Security Council. So those who use fo ...

Spain’s Economy Minister Carlos Cuerpo discusses the country's defense spending plans as NATO leaders meet in The Hague for a summit expected to endorse the new investment targets. He tells Bloomberg Television that Spain has estimated what it needs to spend and that this amounts to 2.1% of output and that it will remain a "responsible NATO ally." He also comments on the decision by the Spanish government regarding BBVA's bid for Banco Sabadell. 00:00 - Spanish Economy Minister on NATO spending, 2.1% of GDP ...