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.
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)
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.
Gold swung as softer inflation data tempered bets on further Federal Reserve tightening, while elevated bond yields kept the precious metal vulnerable to renewed selling.
A fresh bout of volatility gripped Wall Street in the last hour of trading, with stocks erasing gains that were earlier fueled by slower-than-anticipated inflation data.
Kevin Hochman, CEO of Brinker International, the company behind Chili’s and Maggiano’s Little Italy, discusses restaurants navigating high prices and a stretched consumer. He speaks to Romaine Bostick on "The Close." (Source: Bloomberg)
Wall Street analysts and traders said oil flows through the Strait of Hormuz were closing in on pre-war levels, adding much-needed supply to a global market where crude swings around $100 a barrel.
A White House plan to cut hundreds of millions of dollars in federal funding approved by Congress using a controversial budgeting maneuver faces a legal challenge on the eve of the end of the fiscal year, when the money is set to expire.