Israel-Gaza Peace Plan Faces New Pressure | Horizons Middle East & Africa 8/4/2026

Watch on YouTube ↗  |  August 04, 2026 at 06:35  |  46:04  |  Bloomberg Markets
Speakers
Deepak Mehra — Chief Economist, Commercial Bank of Dubai
Mathieu Savary — Chief Strategist, PCA Research
Tomasz — Senior Bank Analyst, Bloomberg Intelligence
Winnie Hsu — Bloomberg Reporter (Asia Markets)

Summary

The episode covers renewed US-Iran tensions over the Strait of Hormuz and Israel stepping up strikes in Gaza, keeping oil prices elevated. Asian equities decline amid persistent AI-trade volatility, with the KOSPI falling but the KOSDAQ rising on rotation. The yen remains volatile after suspected intervention. An economist recommends QQQ for retail AI exposure and sees sustained yen weakness, while a strategist favors gold and the yen as geopolitical hedges. HSBC posts strong earnings and a $1 billion buyback.

  • US-Iran talks over Hormuz create mixed signals for oil markets.
  • Israeli strikes pressure Gaza peace plan, adding regional risk.
  • S&P 500 near record but Asian equities weaken on tech losses.
  • KOSPI falls on chip losses; KOSDAQ gains indicate small-cap rotation.
  • Yen volatility persists after suspected US-Japan intervention.
  • Economist Deepak recommends QQQ for AI exposure and sees yen staying weak.
  • Strategist Mathieu Savary favors gold and yen as safe havens amid geopolitics.
  • HSBC beats estimates, announces $1B buyback; Palantir raises outlook.
Ideas
Deepak Mehra Economist, Commercial Bank of Dubai 17:02
Buy QQQ for broad AI exposure.
The AI trade is in a disruptive value discovery phase. Institutional investors find it difficult to navigate, but non-professional retail investors can simply buy a broad technology ETF such as QQQ (triple Q) to capture eventual value as AI investments pay off, evidenced by Microsoft and Amazon results.
QQQ HIGH
Deepak Mehra Economist, Commercial Bank of Dubai 18:58
Yen weakness to persist.
Pressure on the yen is likely to sustain because Japan's fiscal spending and the Bank of Japan's reluctance to raise interest rates keep rate differentials wide. Intervention is only a band-aid solution that cannot reverse the carry-driven weakness.
JPY MED
Mathieu Savary Chief Strategist, PCA Research 38:12
Gold gains from dollar diversification.
Gold is increasingly attractive as a geopolitical hedge. Structurally, it benefits from global diversification away from the dollar, and we anticipate a peak in U.S. real rates, which will be positive for gold prices.
GLD HIGH
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This Bloomberg Markets video, published August 04, 2026, features Deepak Mehra, Mathieu Savary discussing QQQ, JPY, GLD. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Deepak Mehra, Mathieu Savary  · Tickers: QQQ, JPY, GLD