Business
Japan Latest: Are Bets Off That BOJ Will End Minus Rate?
Yen bulls are in for “more disappointment,” according to Jane Foley, head of FX strategy at Rabobank. She spoke on Bloomberg Television after the Bank of Japan poured cold water on market speculation that they could scrap the world’s last negative interest rate at a two-day policy meeting ending Dec. 19. Officials are yet to see enough evidence on wage growth to warrant a change, people familiar said.
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Business
Fed Signals Fewer Rate Hikes, Aramco HQ Hit in Houthi Attack
“Bloomberg: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.
Chapters:
00:00:00 – Bloomberg: The Asia Trade Begins
00:00:52 – Fed’s Williams: See no need for rate hike in 2027
00:08:08 – Big US banks set record for lending income
00:10:53 – BofA fined more than $1.21B for money-laundering, sanctions violations
00:13:07 – Saudi Arabia intercepted Houthi missile attacks Tuesday
00:14:56 – Federal Reserve Governor Christopher Waller on rising yields
00:19:52 – EXCLUSIVE: Blackstone President and COO Jonathan Gray on opportunities in India
00:24:49 – Pepperstone’s Dilin Wu on market strategy
00:34:24 – Kospi futures’ horrible day looks like capitulation event
00:38:25 – EXCLUSIVE: Indian Finance Minister Nirmala Sitharaman on capital outflows
00:43:27 – Glencore targets super funds with ASX debut
00:46:58 – Markets open in Japan, South Korea
00:49:30 – BREAKING: Singapore MAS maintains slope, width, center of currency band
00:52:20 – BREAKING: MAS sees 2027 CPI-all items inflation at 1.5%-2.5%
00:53:36 – OCBC Bank’s Vasu Menon on investment outlook
00:58:16 – Federal Reserve Governor Christopher Waller on AI impact on global economy
01:02:16 – US bank bond traders hand crown to equities
01:07:21 – EXCLUSIVE: Indian Foreign Minister Subrahmanyam Jaishankar on US talks
01:12:17 – Bear market looms for China as policy hopes wane
01:15:13 – Hong Kong investigates IPO rigging
01:21:36 – EXCLUSIVE: Blackstone President and COO Jonathan Gray on investing in India
01:27:35 – China takes early lead in humanoid hardware
01:30:44 – BREAKING: Trump: Taiwan to buy 30% of gas from Alaska project over 20 years
01:31:53 – Infosys Chairman Nandan Nilekani on AI impact on jobs
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Business
Starbucks Says It’s Not Buying Chipotle, Dousing Deal Rumors
Starbucks Corp. said it’s not buying Chipotle Mexican Grill Inc., tamping down speculation about what could have been one of the restaurant sector’s largest-ever deals. Bloomberg’s Redd Brown joins to discuss this as well as his recent piece about how California vintners are experimenting with making an American version of tequila due to a drop in wine consumption and state-imposed water restrictions.
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Business
In Full: Blackstone’s Gray on India’s Modi, AI Buildout
Blackstone President Jonathan Gray discusses the firm’s investments in India, his views on Prime Minister Narendra Modi and why he’s confident about the artificial intelligence infrastructure buildout. “We think focusing on the AI infrastructure here in India and around the world is the right place to be,” Gray says in an interview with Yvonne Man on the sidelines of the Bloomberg New Economy Forum in New Delhi.
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Business
Riyadh Airport Attack Kills 12 as Conflict Escalates
Bloomberg Middle East reporter Dan Williams tells Bloomberg This Weekend that an attack on Riyadh’s international airport that killed at least 12 people and injured more than 300 marks a significant escalation in fighting between Saudi Arabia and Yemen’s Iran-backed Houthis. Speaking with hosts David Gura and Christina Ruffini, Williams discusses the possibility of US military intervention, the threat to Saudi Arabia’s investment ambitions and Iran’s efforts to rebuild its missile arsenal amid uncertainty over renewed hostilities.
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Business
Saudi Arabia Reports Fresh Attacks as Wider Conflict Could Push Oil to $120
Saudi Arabia reports fresh missile and drone attacks, with the Saudi-led coalition saying it intercepted threats aimed at the kingdom. The latest escalation comes after deadly attacks over the weekend and raises concerns that the conflict could widen further.
Oil remains in focus, with some analysts warning prices could reach $120 a barrel if fighting expands and disrupts additional supply routes.
Asian stocks extend losses as the AI trade comes under pressure, while global bond markets remain volatile. The IMF warns that surging yields are now a major risk to the financial system and says weaker banks could come under increasing strain if the AI boom reverses sharply.
The UK says Iran’s Revolutionary Guard directed activity at an airbase used by the US, adding to regional security concerns.
Donald Trump says Vladimir Putin and Volodymyr Zelensky need to come together to end the war, while Jared Kushner says a diesel-related initiative is aimed at softening Russia’s position.
In technology, Meta unveils its Muse Wonder model as competition in artificial intelligence intensifies. BYD plans a major hiring push in Europe, aiming to expand its regional workforce to around 40,000.
Elsewhere, India’s opposition marches over a voter dispute, while Egyptian Foreign Minister Badr Abdelatty discusses efforts to reduce tensions across the Middle East. Guests includes Yves Bonzon, Julius Baer Group CIO.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:05:27 – Saudi Arabia Reports Further Attacks Monday
00:10:47 – Yves Bonzon, Julius Baer Group CIO
00:16:37 – Badr Abdelatty, Egyptian Foreign Minister
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@deepnurmom1737
December 20, 2023 at 2:57 am
If boj raises rates we will see euro m dollar slump hard
Euro will b worse off