Bloomberg Daybreak

Inox Clean Energy Ltd. has filed a draft prospectus for an initial public offering to raise up to 100 billion rupees ($1 billion).

Japan’s two-year government bond auction Wednesday saw stronger demand than the 12-month average as elevated yields underpinned buying.

IIF Deputy Chief Economist Ashok Bhundia argues that dwindling oil and diesel inventories around the Strait of Hormuz present a more urgent global risk than US-China strategic competition. He warns that elevated crack spreads are driving cost-push inflation and could trigger a sudden market shock. (Source: Bloomberg)

Singapore’s sovereign wealth fund GIC Pte. has acquired 16 hotels in Japan operated by Marriott International Inc. for about ¥125 billion ($800 million), according to people familiar with the matter.

Overseas investors are turning sellers of Indian assets again as surging oil prices and rising global yields threaten to derail a recent revival in demand.

Chinese lithium futures have shed a quarter of their value this month, pummeled by concerns over flagging demand.

China’s effort to help global investors borrow against their 3.2 trillion yuan ($477 billion) in domestic bond holdings is gaining traction, even as legal friction and low yields limit broader participation.

The yen outperformed all its Group-of-10 peers on Wednesday as a series of government warnings on the currency and quarter-end flows provided support.

China’s longstanding two-speed economy is creating ever greater divergence in its financial markets, with stocks and bond yields sinking to more than one-year lows this month while the yuan has powered higher.

Listing proceeds have topped $9 billion in the July-September quarter.

China vowed to retaliate if the European Union adopts broad tariffs on Chinese goods modeled on previous US measures, warning that such action could undermine trade negotiations with the bloc.

Metrics Credit Partners stopped investors from accessing some of its funds and delayed the release of its audited financial reports for the portfolios after the Australian private credit manager cut the valuations of the funds earlier this week.

India’s initial public offering market is heading toward a third consecutive blockbuster year, with a packed pipeline to build on its third-quarter momentum, punctuated by blockbuster deals.

China's latest economic stimulus package is designed to keep economic growth on target rather than deliver a broad revival, leaving the country's underlying demand weakness largely unaddressed. Bloomberg's Minmin Low breaks down the measures. (Source: Bloomberg)

A rare hiring boom for equity analysts is emerging in India as brokerages race to increase coverage of soaring small-cap stocks.

Investors are starting to snap up Australian bonds, betting that the Reserve Bank is nearing the end of its rate-hike cycle after lifting borrowing costs to a 15-year high.

BlackRock’s Evy Hambro argues that commodities are entering a new cycle driven by AI, electrification, and years of supply underinvestment. He believes tight supply will keep prices supported over the long term. (Source: Bloomberg)

Bloomberg MLIV strategist Mark Cranfield warns 10-year Treasury yields could climb to 6% as Federal Reserve policy, elevated oil prices, and geopolitical tensions maintain upward pressure. (Source: Bloomberg)

The dollar wrapped up its best month since March after the Federal Reserve’s renewed focus on taming inflation pushed interest-rate expectations and US bond yields higher.

Mongolian stocks led the world last quarter as a commodity boom insulated the landlocked North Asian country from the volatile AI trade.