The personal consumption expenditures price index, the Federal Reserve’s preferred measure of inflation, increased 0.3% from a month earlier. Excluding food and energy, the PCE price index rose 0.2%. US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
Long-dated Treasury yields rose to fresh multi-decade highs as resilient US spending bolstered expectations that the US economy can handle higher interest rates.
Germany is considering blocking a bid by Chinese container giant Cosco Shipping Holdings Co. from buying a majority stake in a small Hamburg-based freight company over security concerns.
US private payrolls rose by 90,000 in September, the most in three months, and above economists’ estimates of 75,000. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
A powerful El Niño has left India with its weakest monsoon in more than a decade, threatening crops, draining reservoirs and raising food-price risks in the world’s most populous nation.
India has finalized sweeping new fuel-efficiency rules that will require automakers to cut emissions across their fleets from 2027, while giving them flexibility to use electric vehicles, hybrids and more efficient gasoline-powered cars to get there.
US equity futures waver ahead of PCE inflation data and Micron earnings. Oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to JPMorgan and Goldman Sachs. President Trump endorses independent audits of AI systems through an accord with tech executives. Mads Pedersen of Human Edge Investment Technology joins "Bloomberg Brief" to discuss bond market risks ahead of key economic data. (Source: Bloomberg)
Emerging-market borrowers are stepping up bond sales in Swiss francs, many of them venturing into the market for the first time as they diversify funding and tap demand for yield in a country where the policy rate is zero.
Slovakia approved €189 million ($214 million) in funding to buy out CEZ AS’s 49% stake in Jadrová energetická spoločnosť Slovenska, the company set up to build the country’s new nuclear reactor, the government said.
Francisco Blanch, commodities and derivatives research head at BofA Securities, explains what a US diesel export ban could mean to domestic prices and the global market. Blanch says there are three considerations the Trump administration needs to weigh before enacting a ban. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
Deutsche Bank AG is working on a significant risk transfer tied to fund financing as the lender widens the range of assets it hedges via the booming securitization trade.
Matthew Miskin, co-chief investment strategist at Manulife JH Investments, says at the moment “every stock on the planet is loved, every bond on the planet is disliked,” and sees PCE data as a potential catalyst for bond investors to step back into the market. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
Iraq’s state oil marketer offered buyers contractual crude supplies for October at discounts of as much as $37 a barrel to regional benchmarks, according to a document obtained by Bloomberg.
Crude oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to separate estimates from JPMorgan Chase & Co. and Goldman Sachs Group Inc.
US stocks and Treasuries rose with the Federal Reserve’s favored inflation gauge and earnings from Micron Technology Inc. due, updates that are key respectively to interest rates and the artificial-intelligence trade.
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)
Mads Pedersen, CIO of Human Edge Investment Technology, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to look ahead to the PCE data. (Source: Bloomberg)