A near $100 billion rout in September has left South Africa’s benchmark stock index at its most oversold level in 17 months, according to a momentum indicator that measures the speed and magnitude of recent price moves.
Federal Reserve Bank of Minneapolis President Neel Kashkari sees the US economy growing and is surprised by its resilience “in the face of tariffs and the conflict in Iran." He says on “Bloomberg Surveillance” that the central bank “will do what we need to do to get inflation back down to our target.” (Source: Bloomberg)
Anastasia Amoroso, Chief Investment Strategist of Partners Group, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the US Challenger September job cuts data along with the rise of yields. (Source: Bloomberg)
Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, discusses recent changes in the bond market selloff, saying it now feels “very technically-driven, very momentum-driven.” Berro says on “Bloomberg Surveillance” that she expects investors to refocus soon on the fundamentals and valuations of the market. (Source: Bloomberg)
A move higher in oil is putting even more pressure on bonds, with yields hitting new milestones in a number of markets including the UK and the US. The UK’s long-term borrowing costs hit 6% for the first time in almost three decades whilst the 10-year Treasury note climbed to the highest since 2002. It comes as government debt has been flailing around the world as uncertainty — tied to the war in the Middle East — ripples through the global economy, pushing investors to bet central banks will further raise interest rates. But bond veteran Jim Bianco, President and Founder of Bianco Research, is bullish on US sovereign debt on the basis of value generation. He discusses the reasoning behind his position with Caroline Hepker and Nathan Hager. (Source: Bloomberg)
Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, explains why he expects volatility in stocks in the fourth quarter and frames rising bond yields as “a new normal.” (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: Jim Bianco, Bianco Research President and Macro Strategist; Leo Barincou, Oxford Economics Senior Economist; Benedetta Berti, NATO Parliamentary Assembly Secretary General (Source: Bloomberg)
Indian stocks tumbled as a global bond rout gathered momentum and oil prices remained elevated, deepening concerns over the outlook for the crude-importing nation.
Fintech unicorn MNT Halan is proceeding with a long-anticipated initial public offering in Egypt, seeking to capitalize on a stock-market rally and booming consumer lending in the Middle East’s most populous nation.
President Donald Trump said former Federal Reserve Chair Jerome Powell “should be forced to resign” from the Fed’s Board of Governors over findings the central bank mismanaged the renovation of its headquarters. Rachel Schilke of Bloomberg Government has more. (Source: Bloomberg)
Persian Gulf oil producers are shifting critical cargo transfer operations even farther out of the war-hit region as waters just outside the Strait of Hormuz become congested with tankers.
Higher bond yields are justified by stronger nominal economic growth and rising inflation, making them a strong investment choice, says Jim Bianco, president and macro strategist at Bianco Research. Bianco tells Bloomberg Television that he has invested in bonds for the first time in six years and suggested the US 10-year Treasury note could rise toward 5.50% to 5.75%, but said yields around 5.25% are already attractive enough. (Source: Bloomberg)
US companies announced the fewest number of job cuts for any September since 2022, according to data from outplacement firm Challenger, Gray & Christmas Inc.
Russia is responding to Ukraine’s Black Sea attacks by seeking to reroute its grain exports, but so far the efforts are falling short — only about 1/10th of the volumes are being shipped through the key alternative ports, data show.
Kenya needs to lower the cost of electricity, create a more stable tax environment and undertake other reforms to attract private-sector investment and create jobs, according to the World Bank.
A French battery maker backed by Renault SA is planning to ask creditors for more flexibility with the terms of its debt after its production ramp-up fell behind schedule, in the latest example of the challenges facing Europe’s electric vehicle manufacturing industry.
Giulia Morpurgo, Claudia Cohen and Albertina Torsoli
Zimbabwe said that compensation to White farmers for land seized 26 years ago has now reached $508 million, as the southern African nation seeks to restore access to international capital markets.
