Bloomberg Daybreak Weekend with Host John Tucker take a look at some of the stories we'll be tracking in the coming week.

• In the US – a look ahead to earnings from Nvidia and a focus on three stocks for the week ahead.
• In the UK – a look ahead to earnings from Europe’s largest low-cost airlines.
• In Asia – a look ahead to Japan GDP data.

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AI optimism, strong corporate earnings and a resilient economy have powered stocks to successive record highs, driven by bets that spending on artificial intelligence will continue to fuel growth. The rally has also overshadowed mounting concerns that crude oil above $100 a barrel could reignite inflation and cloud the outlook for central banks and the global economy. We speak to Mark Cudmore, Global Leader of the Markets Live Team at Bloomberg News.

Plus - Jamieson Greer, Trade Representative of the United States, signaled cautious optimism that US-China trade relations are stabilizing, with progress on agriculture purchases and rare earth supplies, though tariffs and supply chain issues remain. He speaks exclusively to Bloomberg's Annmarie Hordern, on the sidelines of the US-China summit in Beijing on "Bloomberg: The Asia Trade".

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US equity-index futures advanced as traders bet the record-breaking rally driven by enthusiasm for the artificial intelligence trade has further room to run. The gains in equities masked worries about inflation that have driven bets the Federal Reserve will raise interest rates next year. Treasuries broadly held their losses with yields on benchmark 10-year holding near the highest since July and 30-year yields trading above 5%. Investors have sold government bonds after back-to-back US inflation reports this week showed mounting price pressures. For more on the markets, we turn to Paul Dobson, Bloomberg's Executive Editor for Asia Markets.

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It should not be surprising that war in Iran is producing higher inflation in the US. There was higher gasoline in grocery prices sending headline CPI up last month at an annual rate of 3.8%, and that news in turn sent US treasury yields higher right across the curve. This fueled speculation that the Federal Reserve will raise interest rates next year, and bonds fell, with the 30-year yield rising to 5.03%. We heard from David Savage, Bloomberg's MLIV Strategist.

Plus - President Donald Trump is expecting economic deals and a "wild" welcome this week in China. He'll arrive facing an emboldened Xi Jinping, just as his own hand is constrained by the conflict in Iran. When the US president touches down in Beijing on Wednesday evening for a 36-hour summit, it'll mark his first overseas trip since waging war in the Middle East. Over talks at the Great Hall of the People and a state dinner, followed by morning tea, the leaders will discuss trade, tariffs and the self-ruled island of Taiwan. Another agenda item, of course, is Iran. For a preview, we heard from Henry Huiyao Wang, Center for China and Globalization Founder and President speaking to Bloomberg's Haidi Stroud-Watts.

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Asian stocks edged up 0.4% to near their record as traders stayed bullish on the AI trade. Meantime, crude oil gained and bonds dropped after President Donald Trump cast doubts over the ceasefire with Iran, prolonging the closure of the Strait of Hormuz and keeping energy prices elevated. We heard from Colin Purdie, Manulife Investment Management Global CIO of Public Markets. He spoke to Bloomberg's Paul Allen and Avril Hong.

Plus - Australian Treasurer Jim Chalmers aims to deliver a budget that tackles inflation, revives productivity and reins in deficits, a tough challenge at a time when fuel prices are soaring. Bloomberg's Paul Allen speaks to ANU Associate Professor Jill Sheppard for a preview.

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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, PPI, and Retail sales data, along with a focus on 3 stocks for the week ahead.
• In the UK – a look ahead to the annual Cannes film festival.
• In Asia – a look ahead to US Treasury Secretary Scott Bessent's Trip to Japan.

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Business and finance news from the Asia-Pacific.

Expectations surrounding the upcoming summit between Chinese President Xi Jinping and US President Donald Trump are intensifying as it approaches. Yet, despite the heightened geopolitical stakes tied to the ongoing conflict in the Middle East, analysts and markets largely anticipate a non-event — assuming the meeting takes place at all. The two leaders are slated to meet in Beijing from May 14-15 for what is being framed as a high-stakes summit, which was already delayed once because of the war. Discussions are expected to focus on the topic of Iran as they attempt to navigate key friction points in the relationship between the world's two largest economies, including sanctions and trade barriers. For a preview, we speak to Jenni Marsh, Managing Editor for North Asia EcoGov for Bloomberg News.

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Business and finance news from the Asia-Pacific.

Asian equities climbed to a record, powered by a rally in Japanese stocks on their return from a break, as optimism grew that the US and Iran were nearing a deal to end the conflict that had rattled markets and clouded the economic outlook. Easing tensions in the Middle East have helped global equities erase war-driven losses and push to fresh highs, as falling oil prices eased inflation concerns and revived momentum in the artificial intelligence trade. For more on the outlook on oil, we spoke to Steven Stapczynski, Bloomberg's Asia Energy Team Leader.

Plus - The US and Iran were circling around a fresh proposal to end the war on Wednesday, as President Donald Trump searches for an exit from a conflict that has elevated energy prices and damaged his political standing. Washington has presented a one-page memorandum of understanding that would gradually reopen the Strait of Hormuz and lift the American blockade on Iranian ports, according to a person familiar with the measure, who asked not to be identified discussing sensitive information. Detailed negotiations over Iran's nuclear program would come later in the process, the person said, adding that nothing has yet been agreed upon. We heard from Barbara Leaf, Senior International Policy Advisor at Arnold and Porter speaking to Bloomberg's Haidi Stoud-Watts and Shery Ahn.

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