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Australia’s Central Bank Holds Key Rate at 12-Year High as Expected

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Australia’s central bank kept its key interest at a 12-year high of 4.35% as forecast by all but one economist surveyed by Bloomberg. Haslinda Amin and Paul Dobson report on Bloomberg Television.
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3 Comments

3 Comments

  1. @docjoei2224

    December 16, 2023 at 4:18 pm

    and talks down the dollar so that they can import some more inflation to complement the immigration fueled inflation 😢

  2. @federalreservewolflegend3523

    December 16, 2023 at 4:18 pm

    In the 80's; Bankers who charged these rates were considered "loan sharks" and were tried criminally.
    Then they went to jail.
    Its a CON past 5%

  3. @sunseeker7099

    December 16, 2023 at 4:18 pm

    Boom times ahead for the Australian property market 😂

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How France Got Caught in a Debt Spiral

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Student protests in France are exposing a deeper crisis in the European Union’s second-largest economy, which is caught between political anger, mounting debt and nervous bond markets.

What the Student Protests Mean for France: It’s Not May ’68, Yet: https://bloom.bg/3VNcEbi

Lousy school conditions are the focus of the unrest, but untenable budget deficits and the soaring cost of borrowing are making solutions harder to find.

#France #Debt #Protests

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Freeland Warns US Alliances Are Fraying

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Former Canadian Deputy Prime Minister Chrystia Freeland tells Bloomberg This Weekend that Canada and other democracies must become less reliant on the US while remaining open to rebuilding the Western alliance. Speaking with hosts David Gura and Christina Ruffini, Freeland discusses Alberta’s separatist movement, President Donald Trump’s approach to Russia and Ukraine, and lessons from her negotiations with the US that inform her new book, Unreliable Boyfriend.
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JPMorgan’s Dimon on Bill Winters AI Job Comments

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“It was an inartful way to say something.”

JPMorgan’s Jamie Dimon addresses the backlash over Standard Chartered CEO Bill Winters’ remarks on AI replacing “lower-value human capital,” saying that AI will affect all jobs.
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Tesla Reveals Flying Roadster Built With SpaceX Tech

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Elon Musk reveals a new prototype of its Roadster sports car at a SpaceX facility in Texas. The car can launch into the air thanks to air thrusters. Musk showed off this capability at the event. It won’t go into production until 2028. Musk says this shows what can happen when his companies work together. Bloomberg’s Craig Trudell reports.
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US Borrowing Costs Soar to Highest Since 2007

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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

The 10-year US Treasury yield rose to the highest level in almost two decades, the latest milestone in a bruising global bond selloff driven by surging energy prices, mounting debt and inflation.

Japan is considering a new mid-term defense spending target of 3.5% of GDP in line with NATO and other US allies, a move that could send a shockwave through financial markets concerned about Prime Minister Sanae Takaichi’s spending plans.

And President Donald Trump’s opposition to guardrails on artificial intelligence puts him at odds with a growing number of lawmakers from both parties, with AI safety fears adding to voters’ misgivings about the technology heading into the midterm elections.

Today’s guest: Thomas Buberl, Axa CEO

Chapters:
00:00:00 – Daybreak Europe
00:01:08 – Global Stocks Fall on Inflation Fears
00:03:54 – Asia Stocks Trade Mixed Amid AI Slowdown Fears
00:06:25 – Ten-Year Treasury Yield Rises to Highest Since 2007 as Fed Looms
00:10:39 – Investors Rotate Out of US Semis
00:14:18 – Zelenskyy Says no Deal Yet on Energy Strikes Halt
00:16:42 – Japan is Said to Mull Raising Defense Spending to 3.5% of GDP
00:20:33 – Carney Courts World’s Top Investors at Toronto Summit
00:26:55 – Thomas Buberl, Axa CEO
00:40:13 – Barclays CEO: UK Surcharge Issue Could be Sword of Damocles
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