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Bloomberg

Private Credit Default Rates in Software Sector

Strategists at Morgan Stanley note that defaults are concentrated in software, which constitutes a significant portion of private credit. The sector had been supported by alternative asset managers for a decade due to perceived reliable revenue streams, but emerging AI disruptions have cast doubt on this stability. Bloomberg credit reporter Emily Graffeo discussed recent research highlighting rising default rates in the private credit sector, particularly within software.

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Bloomberg

Julian Emanuel Explains Why Markets Can Still Move Higher

Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, says that the reaction of equity markets to the Iran war, coupled with double-digital earnings expectations, "speaks to the resilience of the market, it speaks to the resilience of the economy," and "speaks to the fact that markets can move higher."

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Bloomberg

Israel Says Iran's Security Chief Ali Larijani Has Been Killed

Israel said it killed Iran's security chief, Ali Larijani, in an overnight strike. Defense Minister Israel Katz said Larijani, the secretary of the Supreme National Security Council, was "eliminated" alongside the commander of Iran's paramilitary Basij unit. Iran is yet to comment on the claim. Bloomberg's Joumanna Bercetche has the latest.

Leia mais: Israel Says Iran's Security Chief Ali Larijani Has Been Killed
Bloomberg

Weak Peso and High Costs Pressure Philippine Firms

The Philippines faces softer consumer demand as high prices, costly imports and a weak peso weigh on margins across retail, logistics and property. Despite pressures, expansion continues and AI adoption advances slowly. Teresita Sy Coson, Vice Chairperson of SM Investments Corp., joins Haslinda Amin to discuss the outlook.

Leia mais: Weak Peso and High Costs Pressure Philippine Firms