Bloomberg’s New Economy Forum returns to Singapore Nov. 8-10 as the world’s most influential leaders gather to address critical issues facing the global economy. This year’s theme, “Embracing Instability,” focuses on underlying economic issues such as persistent inflation, geopolitical tensions, the rise of AI and the climate crisis. Request an invitation here. In the tit-for-tat … Read more
Markets have grown more pessimistic about the outlook for US economic growth, and if that continues in a substantial way it may offer a chance to buy stocks, according to Goldman Sachs Group Inc. The under-performance of cyclical equities this month signals concern that the recent tightening of financial conditions will stymie economic growth, Goldman … Read more
I’m Chris Anstey, a senior editor in Boston, and today we’re looking at why some argue that “higher for longer rates” might be tolerable. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you … Read more
The US stock selloff is spreading panic among volatility traders at a scale unseen since the regional bank crisis in March. In perverse Wall Street logic, that’s raising hopes that the equity rout is on its last legs. As stock losses gathered pace Tuesday on still-surging Treasury yields, derivatives pros priced in more turbulence in … Read more
Wall Street Strategists Turn Ever Bullish Just as Stocks Slump Bloomberg Source link
Bank of England policy makers will decide on Thursday whether to call a halt to a string of 14 consecutive interest-rate increases, with investors and handful of economists raising doubts about another hike. Investors have still fully priced in one more quarter-point increase this year in the UK central bank’s base rate, which is now … Read more
Hi, I’m Lucy White, a UK economics reporter in London. Here’s today’s Readout. Just a few days ago, markets thought a 15th consecutive hike in UK interest rates was pretty much nailed on. After a surprisingly sanguine inflation print this morning, those forecasts are now all up in the air. Source link
For currency speculators around the world, the trade has long been a no-brainer: simply borrow yen, which costs nothing because of sub-zero interest rates in Japan, and then park the money anywhere yields are higher, earning a tidy profit from the difference. But now, a surprising low-cost alternative to the Japanese currency has started to … Read more
I’m Malcolm Scott, international economics enterprise editor in Sydney. Today, Vlad Savov and Debby Wu from our tech team look at what Huawei’s new phone tell us about China’s economic ascent. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet … Read more
All through the pandemic era and its aftermath, Jerome Powell lived rent-free in the heads of Wall Street stock traders. As he cut interest rates to historic lows and then again when he ramped them up to decade highs, money managers sweated over his every word and deed – buying or selling shares in line … Read more