UBS Chief Economist Arend Kapteyn discusses the Fed's rate outlook following hotter inflation data, the impact of AI investment and borrowing on bond yields, and why he believes AI fundamentals remain strong despite the recent market selloff. Kapteyn also weighs in on Europe's economic challenges, competition with China and France's fiscal outlook. He spoke on Bloomberg Brief.
As the EU weighs new measures to block Chinese imports, Shahin Vallée of the German Council on Foreign Relations and formerly of the French Ministry of the Economy and Finance, joins Bloomberg's Anna Edwards, Guy Johnson, and Tom Mackenzie on "The Opening Trade." "I think more than a measure to rebalance trade with China, it is a measure to try to rebalance the negotiations that are taking place."
Andrew Balls, global fixed income CIO at Pimco, says one to two further interest-rate hikes from the Federal Reserve "seems reasonable" as the central bank targets a return to 2% inflation. He also explains why he sees "good value" in the long end of the Treasury yield curve amid uncertainty around artificial intelligence. He speaks on "Bloomberg Surveillance."
Vale CEO Gustavo Pimenta says iron ore prices should be "a little higher" as surging energy and freight costs make about 10% of global seaborne supply unprofitable. Iron ore futures in Singapore fell below $90 a ton this week for the first time in two years and are down about 15% in 2026. Speaking on "The Pulse With Francine Lacqua", Pimenta discussed Chinese demand, rising mining costs and what Brazil's presidential election outcome could mean for the country's mining sector.
Taiwan plans to tighten export controls on AI chips in an effort to further align with US restrictions, joining a Trump administration clampdown on the smuggling of semiconductors to China. Neil Campling reports on Bloomberg Television.
After nearly two decades of discussions Uganda is preparing to become an oil producing nation before the end of its financial year in June 2027. This comes as East Africa works to become more energy self sufficient amid a disruption in oil flows from the Middle East conflict. Kristina Kasebayo, Head of Compliance at the Uganda National Oil Company explaind to Bloomberg Television Chief Africa Anchor and Correspondent Jennifer Zabasajja in a fireside chat at Africa Energy Week.
Ludovic Subran, chief investment officer and chief economist at Allianz, expects Federal Reserve Chairman Kevin Warsh to raise interest rates by as much as 75 basis points once the midterm elections are over. "The US is running hot, and I think he cannot ignore that," Subran tells Bloomberg Television. "I do expect the US will have to act decisively on inflation, both from energy, but also from AI," he adds.
CoreWeave has been become embroiled in a tug of war between investors who see rising bond yields as a rally-killer for the AI trade and those who think rising demand for computing power justifies the enthusiasm. Bloomberg's Neil Campling reports.
Romanian President says EU leaders need to show they will keep supporting Ukraine, as Russia has also been attacking ships in the Black Sea and the relation between President Zelenskiy and Trump has deteriorated over the past few days. Nicusor Dan sat down with Bloomberg's Oliver Crook on the sidelines on an EU leaders meeting in Brussels on Friday.
Neuberger Multi-Asset Strategies Co-CIO Maya Bhandari says the firm recently cut back its stance on global equities to "at target" for the first time in four years, with Europe still underweight due to its cyclical bias, heavy concentration in autos and banks, and limited AI exposure. She tells Bloomberg this is in contrast to Japan and China, with their stronger earnings and valuations.
Neuberger Berman CIO Maya Bhandari says the firm recently cut back on global equities to "target" for the first time in four years, with Europe underweight due to its cyclical bias, heavy concentration in autos and banks, and limited AI exposure. She tells Bloomberg this is in contrast to Japan and China, with their stronger earnings and valuations.
Latvian Prime Minister Andris Kulbergs says "Zelenskyy has only one ally now, it's actually the Europeans," as US-Ukraine tensions continue. He made the comments in an exclusive live interview with BTV's Oliver Crook on the second day of the European leaders summit in Brussels on Friday
