Higher fuel prices due to the war in Iran are weighing on American Airlines. The carrier lowered its full-year earnings target even after beating on earnings for the quarter. Bloomberg's Siddharth Phillip reports.
Applications for US unemployment benefits increased by 6,000 to 214,000 last week but remain at a level consistent with low layoffs. Michael McKee reports on Bloomberg Television.
Daan Struyven, global commodities research co-head at Goldman Sachs, says oil bottlenecks and supply chain logistics related to the Strait of Hormuz put the global oil market on track to reach the lowest-ever level for global visible inventories, which "implies some upside risks to our forecasts."
Business activity in the euro area unexpectedly shrank for the first time since late 2024 due to a steep drop in the services sector as the Iran war weighs on consumers. The Composite PMI compiled by S&P Global declined to 48.6 in April from 50.7 the previous month, dropping below the 50 threshold separating growth from contraction. In the UK PMI data showed that the private sector quickly bounced back from a slowdown caused by the Iran war as firms rushing to secure supplies and price pressures mounting. Hugh Gimber, Global Market Strategist, JP Morgan joined Stephen Carroll on Bloomberg Radio to discuss. he says business costs are 'rising sharply.'
Anna Edwards, Guy Johnson, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Business activity in the euro area unexpectedly shrank for the first time since late 2024 due to a steep drop in the services sector as the Iran war weighs on consumers. Bloomberg's Zoe Schneeweiss reports.
Sharon Bell, senior European equity strategist at Goldman Sachs, discusses the corporate earnings season, the artificial intelligence buildout and the potential impact of a drawn-out Middle East war on Europe's economies. She speaks on Bloomberg Television.
Woodside Energy's (ASX:WDS) CEO, Liz Westcott, underscored the critical tension between global energy security and the transition to a low-carbon future.
Barys Resources' (ASX:BRY) wholly-owned subsidiary, Steppe Rock Resources, has been granted an exploration licence in Kazakhstan.
The US and Iran remain locked in a standoff over the Strait of Hormuz, with both sides effectively choking off traffic during an extended ceasefire. President Donald Trump said the truce agreed to on April 7 would stay in place indefinitely while Tehran says it has no plans to take part in negotiations imminently. Julia Roknifard, Senior Lecturer at the School of Law & Governance at Taylor's University in Malaysia spoke to Bloomerg's Horizons Middle East and Africa anchor Joumanna Bercetche on the likely scenario.
Litchfield Minerals (ASX:LMS) confirmed the completion of its latest drilling campaign at the Oonagalabi Copper-Zinc Project.
The IMF's Middle East and Central Asia Director says a prolonged war and continued closure of the Strait of Hormuz could deepen economic disruptions well beyond oil and gas. Jihad Azour spoke to Joumanna Bercetche about how the shock is reverberating across the Gulf and broader global trade.
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