Wall Street’s Hot Options Come to Europe. Will They Take Off?
The zero-day options trade that has taken Wall Street by storm will finally arrive in Europe next week, in a fresh test for the region’s long-struggling capital markets. #press
Hong Kong’s Lee Plans Task Force to Boost Stock Market Liquidity
Hong Kong will set up a task force to look into ways to boost stock market liquidity, according to Chief Executive John Lee. #press
BOE’s Broadbent Warns UK Rates Need to Remain High for Some Time
The Bank of England will have to keep interest rates high for longer because inflation will not fade as quickly as it blew up despite recent drops in gas and producer prices, Deputy Governor Ben Broadbent said. #press
Saudi Arabia Signals Interest in Champions League Football Entry
Saudi Arabia is interested in discussions about joining Europe’s top football club tournament, the Champions League, as the kingdom spends hundreds of millions of dollars to attract some of the world’s best players and shake up the sport. #press
Saola Strengthens to Super Typhoon Before Turning Toward Taiwan
Typhoon Saola has intensified into a super typhoon northeast of the Philippines and will likely remain in that category until landfall in Taiwan, the Philippine national weather bureau said. #press
China’s Industrial Profits Drop Persists as Economy Weakens
The decline in China’s industrial profits eased in July, though the slowing economic recovery and deflation risks remain an overhang for the sector. #press
German Inflation Trauma of 1923 Strikes an Uneasy Chord Today
By late-1923, hyperinflation had rendered Germany’s currency so worthless that one woman used several billion marks of banknotes to fashion a dress for carnival. #press
China’s Travel Rebound Risks Super-Charging Jet Fuel Prices
After years of pent-up demand for leisure and business travel due to the ravages of Covid-19, millions of Chinese are taking to the skies again as the nation leads an aviation boom across Asia. #press
Slower US Job Growth to Support Fed Patience
Employment growth in the world’s largest economy probably cooled and wage increases moderated in August, suggesting a further tempering of inflation risks that reduces the urgency for another Federal Reserve interest-rate hike. #press
Powell Has Bond Traders Right Where He Wants Them: Full of Doubt
Jerome Powell has the bond market exactly where he wants it: lacking conviction as to the Federal Reserve’s next steps. #press
Junkiest Debt Rallies as Investors Brush Off Fed: Credit Weekly
Credit investors have decided that they’re more than willing to fight the Federal Reserve as the central bank vows to keep rates high. #press
This Is What We Just Learned In Jackson Hole
Watching the stars under cloudy skies. #press
Focused On Delivering Sustained, Profitable Growth: PropertyGuru Group CEO
PropertyGuru Group CEO and MD Hari V. Krishnan says despite the current macro-economic conditions in Southeast Asia, his company remains focused on delivering sustained, profitable growth. He speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia".... #press
China Remains Embedded in US Supply Chains: Jackson Hole Paper
China remains embedded in US supply chains even as American firms have taken steps to reduce direct imports from the Asian country, according to a paper presented at the Federal Reserve Bank of Kansas City’s annual Jackson Hole conference Saturday. #press
Fed Latest: China Still Embedded in US Supply Chain, Paper Finds
China remains embedded in US supply chains even as American firms have taken steps to reduce direct imports from the Asian country, according to a paper presented at the Federal Reserve’s conference in Jackson Hole, Wyoming. #press
Goolsbee: Fed's Job Not Done, Inflation Still Too High
Federal Reserve Bank of Chicago President Austan Goolsbee says the Fed still has more work to do in the fight against inflation during an interview with Mike McKee on the sidelines of the Federal Reserve Bank of Kansas City’s annual economic policy symposium in Jackson Hole, Wyoming. (Source: Bloomberg) #press
Affirm CEO on Transaction Volume Growth
Affirm surged after reporting an increase in transactions on the buy now, pay later firm’s platforms as deals with new merchants helped offset challenges from rising interest rates. Affirm CEO Max Levchin joins Caroline Hyde and Ed Ludlow to discuss his outlook for the company on "Bloomberg Technology." (Source: Bloomberg) #press
Bloomberg Surveillance 08/25/2023
Tom Keene, Jonathan Ferro and Lisa Abramowicz have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets. This show is simulcast worldwide on Bloomberg Television and Radio. (Source: Bloomberg) #press
Summers Says Fed Will Need to Raise Rates 'Once or More'
"My guess is that you may see the Fed funds rate have to go up once, or even more than that, over the next few months," former US Treasury Secretary Lawrence Summers says on Bloomberg Television’s Wall Street Week with David Westin. (Source: Bloomberg) #press
Evergrande Seeks to Resume Trading After Shares Were Halted in March 2022
Defaulted real estate giant China Evergrande Group applied to the Hong Kong stock exchange to resume trading after a 17-month halt, saying it has fulfilled all the listing requirements. #press
