Italy Stock Bulls Are Set for Reality Check From Sovereign Risk
Italian stocks have been on a roll this year. But with bond yields rising, recession risks looming and new economic forecasts raising some eyebrows, that may not be able to continue for much longer. #press
Pax Volckeriana Is Done. Welcome to the New Order
The secular trend that led to ever-lower bond yields starting in the 1980s has ended. How long this new regime will last isn’t yet written. #press
Italy’s Cipollone Wins EU Lawmakers’ Backing for ECB Board Job
Piero Cipollone, who’s nominated to join the European Central Bank’s Executive Board, cleared a key hurdle in the process by winning the backing of lawmakers in the European Parliament. #press
Yield Surge to Hit US Growth But Still No Recession, Goldman Says
Goldman Sachs Group Inc. economists said the surge in US Treasury yields to historically high levels over the last several weeks will crimp economic growth and sow financial risks, though the bank is still not calling for a recession. #press
Celebrity Hotspot Cipriani Seeks €500 Million for Global Push
Cipriani, the operator of celebrity-packed restaurants and members’ clubs, is seeking to raise as much as €500 million ($526 million) for its global expansion, people with knowledge of the matter said. #press
Lagarde Confident ECB’s Policy Will Bring Inflation Back to Goal #press
Wall Street Stock Traders Refuse to Break in Week of Treasury Turmoil
Wall Street stock traders have absorbed every blow this week, from ever-surging Treasury yields, relentless Federal Reserve hawkishness, dramas in commodities, and more. For all that, it’s a wonder just how well the equity-investing landscape is holding up. #press
Bonds Backed by Subprime Auto Loans Shrug Off Soaring Delinquencies
Spreads on the lowest rated bonds backed by subprime auto loans have fallen to the lowest in a year, part of a broader tightening of risk assets that until recently had pulled the corporate bond market tighter as well. #press
Treasuries Tumble With US Payroll Growth Blowing Past Estimates #press
Global Food Prices Steady at Two-Year Low on Cheaper Oilseeds
Global food prices steadied at the lowest in more than two years as improving supplies of oilseeds and some grains countered sugar shortages. #press
Out-of-Favor Gold Looks Attractive as Risks Mount, Nikko AM Says
Gold’s recent tumble has made it more attractive in an environment in which elevated interest rates boost the odds of unexpected market ructions, according to Nikko Asset Management. #press
Argentina Peso Tumbles With Dollarization Rush Amping Up Before Vote
Argentina’s peso is tumbling as Argentines rush to exchange pesos for dollars ahead of presidential elections later this month, posting its worst losses since an August selloff. #press
Bloomberg Brief 10/05/2023
“Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.“Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. Marija Veitmane, State Street Senior Multi-Asset Strategist discusses the bond market and the higher-for-longer environment. Fmr. UBS Global Wealth Management co-President Tom... #press
https://www.bloomberg.com/news/videos/2023-10-05/bloomberg-brief-10-05-2023?utm_source=press.coop
ECB’s Kazimir “Strongly Believes’’ Interest Rates Hikes Are Over
European Central Bank Governing Council member Peter Kazimir reiterated that he hopes interest-rate increases have finished following September’s 10th straight move. #press
Golden Week Data Encouraging for China’s Economy: Zhi
“We are seeing more encouraging signs emerging for the Chinese economy.” Xiaojia Zhi, chief China economist at Credit Agricole, discusses China’s Golden Week Holiday, the travel and tourism data for the first 3-5 days of the holiday and its impact on the economy. She speaks on Bloomberg Television.... #press
Bloomberg Markets: The Close 10/04/2023
Romaine Bostick, Katie Greifeld & Scarlet Fu bring you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street and tackle the Sam Bankman-Fried trail, outlook for retail restricting and who might take over for Kevin McCarthy. Guests Today: Bill Gross of PIMCO, Brad... #press
Alphabet Bulls Undeterred By Biggest Antitrust Case in Decades
Alphabet Inc. is embroiled in one of the most serious antitrust cases to threaten Big Tech in decades. In the stock market, where other megacaps have started to buckle, traders seem unconcerned. #press
KKR Sees ‘Tougher Longer’ Private Equity Environment
Philipp Freise, co-head of European private equity at KKR, says the current environment is a “normalization” for private equity as he sees ‘a bit of thawing” in the leveraged loan market and expects fewer IPOs moving forward. He speaks on “Bloomberg Brief.” (Source: Bloomberg) #press
Saudis to Stick With 1 Million-Barrel Oil Supply Cut For Now
Saudi Arabia reaffirmed plans to curb oil production by 1 million barrels a day until the end of the year. #press
India State Lenders’ Gauge Hits Record
A gauge of stocks of state-owned Indian banks has rallied to a new all-time high and surpassed a previous peak of 13 years ago. Ashutosh Joshi reports on Bloomberg Television. (Source: Bloomberg) #press
