Fed Rate Hike Bets Ease After US CPI | Daybreak Europe 8/13/2026

Watch on YouTube ↗  |  August 13, 2026 at 07:37  |  47:04  |  Bloomberg Markets
Speakers
Winnie Hsu — Bloomberg Reporter (Asia Markets)
Abeer — Anchor, Bloomberg Horizons Middle East & Africa
Sam Bumstead — Bloomberg Reporter
Sanne — Bloomberg Reporter
Máximo Torero — UN Food & Agriculture Organization Chief Economist
Lizzy — Anchor, Bloomberg
Oliver Crook — Chief European Correspondent, Bloomberg

Summary

Global equities advanced as Asian tech strength pushed the KOSPI into bull-market territory after a soft US CPI print trimmed Fed rate-hike bets. Treasury yields remained elevated after a 10-year auction priced at the highest yield since 2007, driven by AI spending and oil inflation risks. Middle East tensions supported oil near $89, while Maersk benefited from higher freight rates. Europe's heatwave, low Rhine water levels, and supply disruptions added to food-commodity price pressures.

  • Asian equities rally, led by Korea and tech; KOSPI enters technical bull market, with Samsung and SK Hynix strong.
  • US CPI comes in line, leading traders to pare September Fed rate-hike bets; PPI is next.
  • The US 10-year Treasury auction prices at its highest yield since 2007; 30-year sale expected at highest financing rate in 25 years.
  • Iran shifts to a more offensive military posture as Strait of Hormuz talks stall, keeping Brent oil risk elevated.
  • Maersk earnings beat and guidance is raised on strong freight rates.
  • Cerebras and Cisco technology earnings fail to impress despite AI datacenter demand.
  • Europe's heatwave pushes Rhine water levels to record lows, threatening German industry and logistics.
  • FAO warns wheat, rice and soybean prices will transmit into consumer food inflation from October.
Ideas
Winnie Hsu Bloomberg Reporter (Asia Markets) 3:31
Soft CPI supports Asia tech rally.
Soft US CPI reduced Fed rate-hike bets, strong tech earnings and easing oil are supporting Asian risk assets, especially South Korea; the KOSPI is up about 4% and in a technical bull market, rebounding 23% from its July low, with Japan and Taiwan tech gauges also leading gains.
EWY MSCI Asia Pacific HIGH
Winnie Hsu Bloomberg Reporter (Asia Markets) 4:30
Tencent AI spend hurts free cash flow.
Hong Kong shares are losing momentum as Tencent's earnings show the company doubling AI spending while free cash flow turns negative, raising concerns about how that spending translates into AI monetization.
TCEHY MED
Winnie Hsu Bloomberg Reporter (Asia Markets) 4:57
BOJ hike bets support yen.
Japan's prime minister's government is supportive of a near-term BOJ rate hike as early as September or October, and markets price about 75% odds of a September hike. The yen is strengthening only modestly, with investors waiting for actual policy action.
FXY MED
Sam Bumstead Bloomberg Reporter 6:59
Oil and AI drive higher yields.
US CPI was benign and takes some pressure off the Fed, but long-end Treasury yields are at multi-year highs because AI hyperscaler spending is feeding into credit markets and oil prices remain an inflationary risk farther out.
10-Year U.S. Treasury Note MED
Abeer Anchor, Bloomberg Horizons Middle East & Africa 13:19
Brent may rebound toward $89.
Strait of Hormuz reopening talks remain unclear, Iran is reorganizing for more aggressive posture, and with Middle East risks escalating it would not be far-fetched for Brent crude to reverse early losses and move back toward $89 a barrel.
BNO MED
Sanne Bloomberg Reporter 18:58
Freight disruptions boost Maersk near term.
Middle East disruptions are boosting Maersk by forcing ships onto longer routes, tying up capacity and pushing up freight rates. Tariff frontloading may support near-term demand, though longer-term overcapacity is a risk.
MAERSK MED
Máximo Torero UN Food & Agriculture Organization Chief Economist 32:51
Supply shocks lift wheat, rice, soybeans.
Extreme heat, El Niño, and disruptions in the Strait of Hormuz, Red Sea, Black Sea and Panama Canal are reducing crop forecasts and pushing up commodity prices, especially wheat, rice and soybeans, with food-price transmission to consumers likely from October to December.
Rice SOYB WEAT HIGH
Up Next
25:48
If the crashed KOSPI breaks 6800, the Korean stock market will change / How far will KOSDAQ rebound? | Daishin Securities Department Head Lee Kyung-min
815 Money Talk (815머니톡) · Aug 13
1:10
Better New Car Satisfaction 8/13/26
CNBC · Aug 13
46:02
Oil Supply Risks Rise as Hormuz Talks Stall | Horizons Middle East & Africa 8/13/2026
Bloomberg Markets · Aug 13
47:24
AI Rally Regains Steam After Inflation Relief | Insight with Haslinda Amin 8/13/2026
Bloomberg Markets · Aug 13
3:24
Europe's Heat Wave Disrupts Key River Shipping Route
Bloomberg Markets · Aug 13

This Bloomberg Markets video, published August 13, 2026, features Winnie Hsu, Sam Bumstead, Abeer, Sanne, Máximo Torero discussing EWY, MSCI Asia Pacific, TCEHY, FXY, 10-Year U.S. Treasury Note, BNO, MAERSK, Rice, SOYB, WEAT. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Winnie Hsu, Sam Bumstead, Abeer, Sanne, Máximo Torero  · Tickers: EWY, MSCI Asia Pacific, TCEHY, FXY, 10-Year U.S. Treasury Note, BNO, MAERSK, Rice, SOYB, WEAT