Author name: Commodities Market Writer

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.

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)

EQT AB has won the mandate to manage a new European Union fund for investing in quantum computing, artificial intelligence and other deep tech companies, people familiar with the matter said.