For years, US stocks have faced relatively weak competition from bonds or Treasuries in investor portfolios. That period looks like it’s headed for a fast, and possibly painful, end, strategists at Wells Fargo say.
The sale of Portuguese water utility Indaqua has been delayed after potential bidders requested additional information before submitting their binding offers, according to people familiar with the matter.
PureGym is seeking to raise £1.4 billion ($1.9 billion) from the high-yield bond market to refinance outstanding debt that may cut the gym operator’s borrowing costs.
Two state-run Indian companies have withdrawn plans to raise $688 million through rupee bonds as an expected interest-rate increase and the central bank’s move to drain surplus cash drive borrowing costs higher.
Turkish comedian Deniz Goktas was released from prison on Monday after spending nearly three months in pretrial detention over remarks in a stand-up show that went viral on YouTube.
US equity futures and Treasuries fall as uncertainties around the conflict between the US and Iran push oil higher and lifts concerns around inflation. Tehran says it's sticking to its proposal to reopen the Strait of Hormuz that President Trump has rejected. The US and China release a detailed plan to cut tariffs on about $30 billion of imports from each nation. Nvidia introduces a new double-layered AI security system that will keep agents from going awry. Aneeka Gupta of Wisdomtree joins "Bloomberg Brief" to discuss the market pricing in long-term uncertainty. (Source: Bloomberg)
Aneeka Gupta, WisdomTree Director of Macroeconomic Research, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss expectations for higher and prolonged uncertainty reflected in the bond market. (Source: Bloomberg)
Saudi Arabia has restored about half the flows through its cross-country oil pipeline bypassing the Strait of Hormuz, after drone strikes halted the key export route earlier this month.
Anthony Di Paola, Fiona MacDonald and Salma El Wardany
Stocks declined on Monday as a stalemate between the US and Iran sparked concerns that inflation would persist because of higher energy prices, forcing the Federal Reserve to raise interest rates more aggressively.
Citigroup Inc. is advising investors to buy 30-year Chinese government bonds as it expects lingering weakness in the economy and tapering supply of longer-term debt to boost demand for the paper.
Of all the factors buffeting Chile’s bond market at the moment, it’s the Federal Reserve and the outlook for further rate hikes in the world’s largest economy that are capturing the most attention.
Bob Michele, global head of fixed income at JPMorgan Asset Management, expects the bond market to settle down after this week's US economic data and says, “if we see some stabilization here, we have our next buy level, we’ve got plenty of buying left to do.” He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today's guests: Seema Shah, Principal Asset Management Chief Global Strategist; Robin Niblett, Chatham House Distinguished Fellow; Wes Streeting, UK Defence Secretary; Chris O'Shea, Centrica CEO (Source: Bloomberg)
Key economic reports due this week are expected to add further evidence that the US economy is strengthening, bolstering arguments from several Federal Reserve officials that interest rates should be higher.
Technology stocks are set to regain some of the momentum they’ve lost since the end of the first half as reduced crowding, strong earnings and more realistic valuations pull investors back toward them, according to JPMorgan Chase & Co. strategists.
Traders piled into leveraged bets on Temasek-backed PB Fintech Ltd. as the stock lost $3.3 billion in market value on Thursday after India’s insurance regulator proposed caps on commissions and management expenses.