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Bloomberg
Financial

Apollo's Slok Expects 'Hawkish Flavor' From Warsh on Economic Outlook

Torsten Slok, chief economist at Apollo, expects Federal Reserve Chairman Kevin Warsh to deliver "framework guidance" instead of forward guidance and have a "hawkish flavor" to his economic outlook during his speech on Friday at the Jackson Hole Economic Symposium.

Leia mais: Apollo's Slok Expects 'Hawkish Flavor' From Warsh on Economic Outlook
Bloomberg
Financial

Fed's Schmid Talks Policy, Inflation, Credibility, Communication

Federal Reserve Bank of Kansas City President Jeff Schmid said monetary policy may be accommodative rather than restrictive, citing underlying demand pressures that could justify a rate hike as soon as September 16. Schmid rejected the idea that the October 28 meeting is off the table due to the midterm election. Speaking with Bloomberg's Michael McKee on the sidelines of the Jackson Hole Economic Symposium, he also addresses the future of the central bank's communications and meeting schedules.

Leia mais: Fed's Schmid Talks Policy, Inflation, Credibility, Communication
Bloomberg
Financial

Shein Set to Raise $1.7 Billion in Hong Kong IPO

Shein is on track to raise about HK$13.6 billion ($1.7 billion) in its Hong Kong initial public offering. The company is telling prospective investors it is likely to price the IPO at just above the midpoint of the marketed range, valuing the fast-fashion retailer at just above $26 billion, compared with a roughly $100 billion price tag it commanded four years ago. Anthony Stephens reports on Bloomberg Television.

Leia mais: Shein Set to Raise $1.7 Billion in Hong Kong IPO
Bloomberg
Financial

How Much Hyperscaler Debt Can the Markets Absorb? Top JPMorgan Bond Banker Responds.

Following NVIDIA's earnings, JPMorgan's European Investment Grade Finance Head Matthias Reschke joins Bloomberg's Tom Mackenzie and Anna Edwards on The Opening Trade to discuss the major hyperscalers growing issuance volumes as the AI infrastructure giants race for funding.

Leia mais: How Much Hyperscaler Debt Can the Markets Absorb? Top JPMorgan Bond Banker Responds.
Bloomberg
Financial

Deutsche Bank Says Stakes Are High Amid Risk of US 'Truss Moment'

Ozan Tarman, vice chair of global macro at Deutsche Bank, discusses the outlook for bonds and equities amid concern over US Treasury Secretary Scott Bessent's recent debt-management tactics and ahead of Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole Economic Symposium. Concern over rising US borrowing costs has led to comparisons with the collapse of former UK Prime Minister Liz Truss' government in 2022, following a disorderly bond-market selloff. Tarman speaks on Bloomberg Television.

Leia mais: Deutsche Bank Says Stakes Are High Amid Risk of US 'Truss Moment'
Bloomberg
Financial

AI Demand Is Squeezing Germany's Data Centers, Minister Says

"The reality is we are running short of compute capacity, that means demand will rise," German Digital Minister Karsten Wildberger tells Bloomberg Television. "Europe needs to wake up and use the talents we have," Wildberger says, adding that German authorities will seek to expedite approval processes for data centers.

Leia mais: AI Demand Is Squeezing Germany's Data Centers, Minister Says