Marieke Blom, chief economist and global head of research at ING, discusses the outlook for tomorrow’s European Central Bank decision on interest rates. “If you look at core inflation, services, wages, and so forth, we don’t see that much inflationary pressure,” Blom tells Bloomberg Television. “We believe that one rate hike could be enough.” (Source: Bloomberg)
While nearly all observers anticipate a rate hike today, there is dissent among bond markets about the terminal rate for this tightening cycle from the ECB. Much depends on events in the Middle East and their impact on energy prices and inflation.
The dollar neared its lowest in nearly seven months as the yen rallied, with traders looking ahead to the US Treasury’s buyback announcement and inflation data later this week.
JPMorgan Chase & Co. is expanding its global corporate banking business to Greece, broadening the services that the bank provides in the country, according to an internal memo seen by Bloomberg.
Anna Edwards, Tom Mackenzie and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Dubai-based Majid Al Futtaim, which owns shopping malls, residential communities and retail businesses, reported record first-half EBITDA of 2.5 billion dirhams ($681 million). CEO Ahmed Galal Ismail told Bloomberg’s Abeer Abu Omar that the conglomerate is navigating a “challenging operating environment,” particularly in hospitality and non-food retail. (Source: Bloomberg)
Backwardation, basis, open interest, roll yield: a plain-English commodity trading glossary with 30+ terms beginners meet in news, platforms and fund documents.
