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Swedish Election Race Tightens Ahead of Sunday's Vote

As Swedish voters head to the polls on Sunday, Prime Minister Ulf Kristersson of the Moderates is seeking a second term for his center-right government in a race that has tightened sharply in the final weeks. The four-party opposition led by Social Democrat Magdalena Andersson has 50.7% support against 48.1% for the ruling bloc, according to the latest poll for broadcaster TV4. Charles Daly reports from Stockholm.

Read more: Swedish Election Race Tightens Ahead of Sunday's Vote
Bloomberg
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Political, Inflationary Risks On Europe's Horizon: Market Snapshot

The European Central Bank gathered to deliver an interest rate hike this week against a back drop of rising global bond yields, spiralling energy prices and growing political risk. Following a state election win for German's far-right AfD party in Saxony-Anhalt, attention now turns to an array of elections across multiple European countries in 2027. France in particular stand out as an area for concern for investors as the country navigates political divide and a shaky fiscal outlook. The Opening Trade spoke to guests about the biggest challenges facing European nations at a time of heavy pressure on public finances.

Read more: Political, Inflationary Risks On Europe's Horizon: Market Snapshot
Bloomberg
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India-China Set For Bilateral Talks At BRICS Summit

Chinese President Xi Jinping will visit India this weekend to attend the BRICS summit, marking his first trip to the country since 2019. But Observer Research Foundation's Antara Ghosal Singh says while progress has been made on the India-China border issues, economic ties between both sides remain challenging. She spoke with Bloomberg's Insight with Haslinda Amin.

Read more: India-China Set For Bilateral Talks At BRICS Summit
Bloomberg
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How LV Lost Millions by Winning a Trademark Dispute in China

A trademark fight with a local tea maker sparked a patriotic backlash that exacerbated a demand slump for LVMH's most profitable label. While the broader downturn in the Asian powerhouse has slammed all luxury brands, LVMH Moët Hennessy Louis Vuitton SE's flagship label was the worst hit in July and August, people familiar with the matter said.

Read more: How LV Lost Millions by Winning a Trademark Dispute in China
Bloomberg
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Iran and US Brace for Long War

Iran and the US are digging in for a protracted war, with little sign of a near-term ceasefire or return to normal Middle East energy flows even if hostilities remain at a low intensity. The conflict has entered a form of stalemate, with critical issues including control of the Strait of Hormuz and Iran's nuclear program still unresolved. Bloomberg's Stuart Livingstone-Wallace breaks down the situation.

Read more: Iran and US Brace for Long War
Bloomberg
Financial

Fanatics' King on Sports Betting and Prediction Markets

Fanatics' Betting and Gaming CEO Matt King discusses the company's newly launched all-in-one app, which combines sports betting, casino, and prediction markets. King discusses Fanatics' position in a market long dominated by DraftKings and FanDuel, and asked King how much share Fanatics has gained so far. He speaks with Romaine Bostick on "The Close."

Read more: Fanatics' King on Sports Betting and Prediction Markets