Bloomberg Daybreak: Asia Edition

Asian shares posted a modest gain at the open, while Japanese equities extended their record-breaking run fueled by a weaker yen. For more on what is moving the markets in the region, we speak to Abhishek Vishnoi, Senior Reporter for Asia Equities. Plus - Japanese Prime Minister Sanae Takaichi's reported plan for a snap election fueled a rally in stocks while pushing down bonds and driving the yen deeper into the intervention-risk zone. For more on the outlook on Japanese markets, we heard from Zuhair Khan, Senior Portfolio Manager at UBP. He spoke to Bloomberg's Paul Allen and Avril Hong. See omnystudio.com/listener for privacy information.

Asian shares climbed to near a record, buoyed by optimism over earnings and regional economic growth as investors broadened their focus beyond US markets. Much of the early action was in Japan, where stock gauges jumped after returning from a holiday. The yen gained as much as 0.2% to 157.90 per dollar after Finance Minister Satsuki Katayama said she told US Treasury Secretary Scott Bessent that she's concerned about one-way yen moves. Japanese government bond yields surged amid speculation that Prime Minister Sanae Takaichi might dissolve the parliament as soon as next month. For more on what is moving the markets, we turn to Mark Cranfield, Bloomberg's Markets Live Strategist. Plus - UBS is hosting the 26th annual Greater China Conference. Bloomberg had the chance to catch up with CEO Sergio Ermotti. Ermotti spoke to Bloomberg's Stephen Engle and they discussed his outlook on UBS's business in China. See omnystudio.com/listener for privacy information.

Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration's attacks on the Fed. In a forceful written and video statement released Sunday evening, Powell said the action was related to his June congressional testimony on ongoing renovations of the Fed's headquarters. But he said the move "should be seen in the broader context of the administration's threats and ongoing pressure." For more on the broader market action and the moves in the Asia Pacific, we are joined by Lianting Tu, Bloomberg's Managing Editor for Asia Equities. Plus - Speculation that Japanese Prime Minister Sanae Takaichi will call for a snap election continues to rise as the leader of a partner in her party's coalition cited a shift to "a new stage." The Yomiuri newspaper reported that Takaichi may call for a vote on Feb. 8 or Feb. 15, citing unidentified government officials, and other Japanese media have published similar reports. We heard from Tobias Harris, Founder and Principal of Japan Foresight. He spoke to Bloomberg's Paul Allen and Avril Hong on the Asia Trade. See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S CPI data and bank earnings. In the UK – a look at what to expect from the UK’s property market moving forward. In Asia – a look ahead to China trade figures. See omnystudio.com/listener for privacy information.

Asian equities fell on Friday, led by technology shares, as investors braced for the US payrolls report and a possible Supreme Court ruling on President Donald Trump's tariffs. Investors rotated out of technology shares into consumer discretionary and energy stocks, following a similar pattern in US trading that saw selling in tech behemoths such as Nvidia Corp. For more on what's moving the markets, we turn to Winnie Hsu, Asia Equities Reporter in Hong Kong. Plus - America says its actions in Venezuela are about restoring order in its own backyard. To Beijing, they look like confirmation that Washington is sliding toward a world divided into spheres of influence. Bloomberg Opinion Columnist Karishma Vaswani writes that this is precisely the kind of global order China wants. Karishma explains to us why the idea of a world divided into spheres of influence is deeply appealing to Beijing.See omnystudio.com/listener for privacy information.