Bloomberg Investigates spends a year following a group of lawyers as they sue the Department of Homeland Security and scramble to help free those arrested under Donald Trump’s immigration policies. (Source: Bloomberg)
It is hard to have a markets conversation that isn’t out of date within a minute or two. But we think this one, with Ozan Tarman and Aditya Singhal of Deutsche Bank, is basically evergreen. This conversation, recorded at our live show at Wilton’s Music Hall in London, is all about fundamentals: How Tarman, DB’s vice chair of global macro, and Singhal, the firm’s head of EM trading across rates, FX and Credit, make sense of conflicting headlines, whether the rally in tech stocks is to be believed
Global finance chiefs are coming to terms with the new economic reality that a consumer-price shock they had hopes of skirting is looking likely to endure.
Russia’s ruble has muscled its way to become the world’s best performer against the dollar so far this quarter, buoyed by a surge in foreign currency receipts from oil sales following the outbreak of war in the Middle East.
Monzo Bank Ltd. reported a 44% jump in profit in the year through March, as growth in lending lifted interest income.
Fosun International Ltd. has picked banks for a planned Hong Kong initial public offering of holiday resort operator Club Med SAS, according to people familiar with the matter.
The UK’s cap on household energy bills is set to jump 13% this summer as the war in Iran drives up wholesale gas and power costs, adding to broader inflationary pressures weighing on the economy.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
The amount of inflation priced into 10-year Treasury yields is a little hard to square with what the market is saying about price rises in the near term.
Either inflation is going to be high for a long time, and this is something that has changed in the past week or two, or 10-year yields have gone a little too far.
Yelena Shulyatyeva, Senior US Economist at The Conference Board, discusses inflation expectations and what happens if oil prices rise higher, for longer. (Source: Bloomberg)
