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Bloomberg

'No Signal For Resolution' As US Mulls Iran Military Options

Brent oil rallied to a four-year high after Axios reported that US President Donald Trump will receive a briefing on new military options for action in Iran, signaling the potential for fresh escalation in the Middle East. The global benchmark surged as much as 7.1% before paring gains to trade near $122. Warren Patterson, Head of Commodities Strategy at ING Joined Stephen Carroll and Caroline Hepker on Bloomberg Radio To discuss. He says the market is losing confidence in a swift resolution and is increasingly pricing in a prolonged disruption to oil flows through the Strait of Hormuz.

Read more: 'No Signal For Resolution' As US Mulls Iran Military Options
Bloomberg

Bailey: BOE Sees Inflation Little Over 3.5% by Year End

Bank of England Governor Andrew Bailey said inflation is expected to rise to "a little over 3.5% by the end of the year" as a direct consequence of the conflict in the Middle East. He was speaking during a press conference following the central bank's decision to keep interest rates on hold with several policymakers saying they might consider future hikes.

Read more: Bailey: BOE Sees Inflation Little Over 3.5% by Year End
Bloomberg

Kansas City Mayor on World Cup, US Politics

The mayor of Kansas City, Missouri, Quinton Lucas says he's trying to ensure that the upcoming World Cup, which is being jointly hosted by the United States, Mexico and Canada, leaves a lasting legacy. Kansas City is hosting six matches, including a quarter-final, and will also be the base for four teams, including both defending champions Argentina and England. On the political front, Lucas ruled out running for Congress for now, and said the Democrats should focus on "affordability and competent governance" in the next election cycle. He spoke with Bloomberg on the sidelines of the Bloomberg CityLab event in Madrid.

Read more: Kansas City Mayor on World Cup, US Politics
Bloomberg

Markets 'Recalibrating' to Energy Risks, Nuveen Says

Laura Cooper, global investment strategist at Nuveen, says markets are "recalibrating to the risk that we could see persistent energy prices come through." She adds that further pressure is expected in European earnings, as opposed to US earnings, which have surprised expectations. She speaks on Bloomberg Television.

Read more: Markets 'Recalibrating' to Energy Risks, Nuveen Says
Bloomberg

BNP Paribas CFO: Took Provisions Against Macro Uncertainty

The BNP Paribas CFO cited a 'wait-and-see' attitude from corporates in the first-quarter, and argued he took provisions against the macroeconomic uncertainties. That's after France's largest bank reported net income that beat estimates in the first quarter, driven by a strong performance in equities trading. The CFO Lars Machenil spoke exclusively to Bloomberg Television on the 'Opening Trade'.

Read more: BNP Paribas CFO: Took Provisions Against Macro Uncertainty