RBC's Calvasina Sees US as Global Safety Trade Amid Iran War
Lori Calvasina, head of US equity strategies at RBC, doesn't see the fallout of the conflict in the Middle East impacting the earnings of the AI and tech trade in the US.
Lori Calvasina, head of US equity strategies at RBC, doesn't see the fallout of the conflict in the Middle East impacting the earnings of the AI and tech trade in the US.
Dubai has become one of the world's top real estate markets post-pandemic thanks to expats and foreign investors. But the market has declined as a result of the regional conflict. Bloomberg's Zainab Fattah reports on Horizons Middle East and Africa
China has decided to block Meta's $2 billion acquisition of agentic AI startup Manus, in a surprise move to unwind a controversial deal. The decision is likely to send a chill through China's AI sector and emerged just weeks before a summit between US President Donald Trump and China's Xi Jinping. Bloomberg's Neil Campling reports.
Simon Dangoor, deputy CIO of fixed income at Goldman Sachs Asset Management, looks ahead to this week's interest-rate decisions, saying that a reopening of the Strait of Hormuz will present policymakers with a markedly different set of risks by the time they next meet in June. Dangoor speaks on Bloomberg Television.
Experts say quantum computing can reshape areas ranging from new drug discovery to machine learning and risk modeling in finance. But it's also thought to be still years away from offering many practical solutions. As a breakthrough proves elusive in the quest to deploy the nascent technology and boost earnings, global finance is divided on how to proceed. Bloomberg's William Shaw reports.
Anna Edwards, Guy Johnson, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV <GO>.
Mark Dowding, chief investment officer for fixed income at RBC BlueBay Asset Management, says markets appear to be complacent about the economic fallout from the Iran war. "It has the echoes of what we saw in the run-up to Covid actually landing on our shores," Dowding tells Bloomberg Television. "It was only when it disrupted our lives that it really had a greater disruption in financial markets. And I do worry that something similar like that could be true here."
The UAE's enquiry about a currency swap with the US is more about taking out an insurance policy rather than a sign of a fiscal crisis. That's according to Hasnain Malik, Managing Director for Emerging Market Equity & Geopolitical Strategy at Tellimer who spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the UAE's potential lifeline in case the Strait of Hormuz remains closed for longer.
Stocks advanced and oil pared gains following a report that Iran offered the US a proposal to reopen the Strait of Hormuz, easing concern that efforts to restart peace talks had stalled. Bloomberg's Stuart Livingstone-Wallace and Stephen Stapczynski have the latest.
Amova Asset Management's Naomi Fink tells Bloomberg Television that the "markets are pricing in a sooner rather than later end to the hostilities" in the Middle East.
China has been closing the gap with the US in biotech and pharmaceutical research, with the proportion of studies being conducted by Chinese scientists increasing. Rebecca Liang, a senior analyst focusing on the industry at Bernstein, explains how China's biotech and healthcare sector has been developing so quickly.
China's DeepSeek has rolled out preview versions of a new flagship artificial intelligence model, calling it its most powerful open-source platform. Bloomberg Intelligence's Robert Lea explains how the Chinese flagship system is hampered in some areas by a lack of access to Nvidia tech but playing to its strengths in others.