Bloomberg “Russian Markets Slide After U.S. Ups Ante With the Worst Sanctions Yet.” The most punitive U.S. sanctions yet to descend on Russian companies and oligarchs are battering the nation’s assets as the Kremlin scrambles to contain the damage. In the first trading day since dozens of Russian tycoons and companies were slapped with penalties,....
Bloomberg “U.S. Stocks Advance as Middle East War Talk Cools: Markets Wrap.” U.S. stocks rose and Treasuries retreated as investors speculated that tensions in the Middle East won’t escalate into a destabilizing conflict. Crude slid after climbing more than 7 percent this week and the dollar gained. The major equity benchmarks were all up at....
Bloomberg “Trump Blasts China, Russia for Devaluing Currencies as Fed Hikes.” President Donald Trump accused China and Russia of devaluing their currencies, opening a new front in his argument that foreign governments are taking advantage of the U.S. economy to support their own expansions. Just three days after the U.S. Treasury ruled no country is....
Bloomberg “U.S. Stocks Advance as Middle East War Talk Cools: Markets Wrap.” U.S. stocks fell for the first time in four days as trade tensions resurfaced amid mixed earnings reports. Oil and metals rallied, while Treasuries slipped. The S&P 500 Index dropped as Chinese regulators ratcheted up their scrutiny of a Qualcomm Inc. acquisition, increasing....
Bloomberg “Trump Slams OPEC as Cartel Pushes Harder for High Oil Prices.” U.S. President Donald Trump slammed OPEC for inflating oil prices after the cartel showed a willingness to further tighten crude markets. “Looks like OPEC is at it again,” Trump said on Twitter, not long after energy ministers finished their meeting in Jeddah, Saudi....
Bloomberg “U.S. Softens Stance on Rusal Sanctions; Aluminum Plunges.” The U.S. softened its position on sanctions against Russian metals giant United Co. Rusal, sparking a record plunge in aluminum prices. For the first time, the U.S. Treasury discussed a path for lifting the sanctions on Rusal, saying it would provide relief if Oleg Deripaska relinquished....
Bloomberg “U.S. Growth Cools to 2.3% While Compensation Costs Accelerate.” U.S. economic growth cooled last quarter as consumers pulled back following outsize spending in the prior period, though solid business investment cushioned some of the weakness and employee-compensation costs accelerated amid a tight job market. Gross domestic product, the value of all goods and services....
Bloomberg “Trump’s Tariff Relief Comes Down to the Wire Ahead of May 1 Deadline.” President Donald Trump hasn’t decided whether to extend allied nations relief from U.S. steel and aluminum tariffs, even though temporary exemptions are set to expire in less than 24 hours. “The president has not made any decision yet,” Treasury Secretary Steven....
Bloomberg “Argentina Raises Key Rate to 40% to Prop Up the Peso.” Argentina raised its key interest rate for a third time in a week, stepping up the fight against a selloff in its currency, after the peso posted its worst drop in more than two years on Thursday. Policymakers raised the rate by 675....
Bloomberg “Oil Faces a Month of Mayhem as Geopolitical Risks Proliferate.” Plunging Venezuelan crude production; sanctions disrupting Iranian oil exports; Saudi Arabia pushing for even higher prices; North Korea peace talks — the coming weeks bring an abundance of risks for the oil market. The geopolitical premium has already helped lift crude prices to a....
Bloomberg “EU Fights to Keep Iran Nuclear Deal Alive After Trump’s Exit.” Donald Trump didn’t kill the Iran nuclear deal. He just shrank its membership by one. That was the line taken by the European Union immediately after the U.S. president announced his withdrawal from the 2015 accord. Germany, France and the U.K. all said....
Bloomberg “Stocks Head for Weekly Advance as Dollar Slumps: Markets Wrap.” U.S. stocks were mixed Friday, with major benchmarks on track for the best week in two months amid growing conviction that inflation will remain tame and as trade tensions eased. The dollar slumped, leaving it poised for the first weekly decline in a month,....
Bloomberg “Dozens Killed as Gaza Erupts Over Jerusalem Embassy Move.” Forty-three Palestinians were killed in confrontations with Israeli troops after thousands converged on the Gaza Strip border in a protest marred by violence, casting a pall over President Donald Trump’s contentious inauguration of a U.S. embassy in Jerusalem. It was the deadliest day in Hamas-run....
Bloomberg “Ten-Year Tops 3.05%, Stocks Slide as Dollar Surges: Markets Wrap.” The 10-year Treasury yield topped 3.05 percent for the first time in four years, stocks slumped from two-month highs and the dollar rallied as speculation grew that signs of a firm American economy won’t derail the Federal Reserve from its rate path. The S&P....
Bloomberg “U.S. Stocks Mixed on Trade Angst, Treasuries Rise: Markets Wrap.” U.S. stocks opened slightly lower as investors awaited clarity over progress on trade talks between the world’s two largest economies. The dollar rose with Treasuries. The S&P 500 Index was little changed and on track for a weekly decline as traders assessed conflicting signals....