A selloff in global debt has fueled a rout that’s hitting harder and faster in France than anyone expected, with nerves fraying about missed deficit targets and policy gridlock.
The US jobs report is set be a macro highlight at a time when resilient data are supporting riskier assets while giving the Federal Reserve room to tighten policy to fight inflation. Economists estimate the reading will show nonfarm payrolls rose 90,000 last month after climbing in August by the most since March.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
Bolivia quiere aprovechar la fiebre global por los minerales críticos, pero Paz enfrenta un obstáculo formidable: unos 500.000 mineros que pueden complicar sus planes para transformar el sector. (Source: Bloomberg)
A Kenyan consumer-rights group filed a petition challenging billionaire Aliko Dangote’s oil refinery planned for the port city of Lamu, the second such legal hurdle for the $16 billion project.
South Africa delayed by six months a request for proposals from private companies to build transmission lines, further slowing the expansion of the country’s electricity infrastructure.
The pilots who fought in the cockpit of a FlyDubai jet during an apparent murder-suicide mission were moved to the United Arab Emirates for further questioning while investigators seek additional information from the plane’s voice and data recorders to replay the fateful final hour of the flight.
The UK government is battling entrenched skepticism about its finances that is adding billions to borrowing costs and amplifying the pain of a global bond selloff.
Kim Crawford, global fixed income portfolio manager at JPMorgan Asset Management, discusses the outlook for French bond yields and why her firm is getting "more constructive" on longer-term debt. "Bonds typically sell off until something breaks, and something has broken," Crawford tells Bloomberg Television. (Source: Bloomberg)
Commodities trader Gunvor Group renamed itself Centalion Group Ltd. and plans to redomicile its corporate headquarters to Singapore, a shift for the firm’s new owners after historic ties to Russia drew the ire of the US Treasury last year.
French government bonds deepened this week’s slump, with investors demanding the biggest yield premium to hold the bonds over safer German debt since the region’s debt crisis.
Investors are set to shun riskier trades until the dollar’s recent surge shows signs of peaking, according to Bank of America Corp.’s Michael Hartnett.
France proposed that European countries and members of the International Energy Agency release 100 million barrels of diesel and crude oil, as Europe comes under mounting pressure from the Trump administration to help bring down fuel prices.
Fuel is a huge expense for airlines, and even on a good day, jet fuel prices are pretty volatile. Throw in two major wars now effecting energy infrastructure, and fuel prices across the board are higher and higher. Airlines have long tried to manage this expense through fuel hedging, using things like swaps and options to hedge against future increases in the price of jet fuel. David Kang, former group treasurer at Qatar Airways, has firsthand experience hedging for a large carrier, and he tells
Surging capital demand from hyperscalers and the artificial intelligence ecosystem — rather than inflation expectations — is the primary force pushing real rates and bond yields higher, Pacific Investment Management Co. President Christian Stracke said.
Bain Capital is exploring a potential investment in Hong Kong’s New World Development Co. as the embattled property company looks at ways to pay down its heavy debt burden, people with knowledge of the matter said.
Dong Cao, Shirley Zhao, Lulu Yilun Chen and Cathy Chan
IG Group Holdings Plc shares plunged the most in almost a decade as the retail trading firm reported a surprise slump in third-quarter revenue, months after upgrading its outlook.
Chinese couples are swapping conventional wedding shoots for starring roles in their own romance dramas, with film crews, scripts and costumes. Tiffany Ap explains a rare bright spot in the country’s shrinking marriage market. (Source: Bloomberg)
