Rising energy prices and uncertainty brought on by tariffs creates "heightened risk around consumer spending and growth," says former Kansas City Fed President Esther George. She speaks on Bloomberg Surveillance.
Kate Moore, CIO at Citi Wealth, says the resilience in equity markets amid the war with Iran is coming from the US large cap space.
Subadra Rajappa, head of research at Societe Generale Americas, says US Treasuries "are not a good flight to quality hedge in this environment."
The US State Department ordered non-emergency American employees and diplomats in Saudi Arabia to leave the country, citing safety risks. The move comes as Iranian attacks across the Gulf continued with fears of a broader conflict. Imad Al-Abdulqader, partner at DGA-Albright Stonebridge Group spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche about the likely impact on business decisions in the region due to the war.
Helen Jewell, CIO of fundamental equities at BlackRock, discusses the potential for dip buying opportunities as the war in the Middle East rattles global markets. Speaking on Bloomberg Television, she also says that investors shouldn't lose focus of macro data. "Couple of weeks ago we were talking about AI and the implications of AI. I think that's where we need to focus because we don't know when Hormuz is going to be reopened," Jewell says.
Anna Edwards, Lizzy Burden, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Israel continued its strikes in Lebanon, as it targeted Hezbollah. Hundreds of people have been killed and thousands displaced. Hilal Khashan, Political Science Professor at the American University of Beirut spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the likely end to the fighting between Israel and Hezbollah.
Israel says around 400 targets have been hit across western and central Iran in a day & targets include oil refineries and power stations. Meanwhile Iran's semi-official Fars news agency reported that Israeli jets have targeted oil depots in Tehran as well as the nearby city of Karaj. Miri Eisin, Retired Israeli Defense Forces Colonel spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on US-Israel cooperation.
Oil prices rose to above $100 a barrel as the conflict in the Middle East continues. Brent spiked as much as 29% to $119.50 a barrel. Prices pared gains after the Financial Times reported that Group of Seven finance ministers will discuss a possible joint release of oil from reserves co-ordinated with the International Energy Agency on Monday. Bloomberg's Stephen Stapczynski breaks down the situation.
Selling swept across regions and asset classes as the war in the Middle East added fresh stress to markets that are already under pressure from AI disruptions and worries about the potential for cracks in credit markets. The escalating crisis has left investors caught between the risk of renewed inflation stemming from elevated oil prices and signs of cooling in the US labor market. Bloomberg's Mark Cranfield has the latest.
Western Gold Resources (ASX:WGR) has announced an expansion of its flagship Gold Duke Project.
Battery Age Minerals (ASX:BM8) secured a evaluation licence with NTUitive, the innovation arm of Nanyang Technological University, Singapore.
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