Morocco plans to start derivatives trading this year as the kingdom expands its capital markets to help finance a surge in infrastructure spending and preparations to co-host the football World Cup in 2030. from Bloomberg Markets https://ift.tt/Sv7imto
Get up to speed with what the markets are monitoring from Bloomberg Markets https://ift.tt/ja3efdt
China accused the European Union of working to “suppress” Chinese companies and said it will take action to safeguard its interests, as the bloc moves closer to imposing tariffs on Chinese electric vehicles. from Bloomberg Markets https://ift.tt/AMlrSqJ
Feroze Azeez, deputy CEO of Anand Rathi Wealth, looks at how the election outcome in India might affect the economy and financial assets. Indian stocks, bonds and the rupee are surging after exit polls indicated a resounding victory for Prime Minister Narendra Modi’s ruling party in general elections. Azeez speaks on “Bloomberg Markets: Asia.” (Source: Bloomberg)…
A wave of Chinese banks, asset managers and hedge funds are ramping up in the Middle East, jostling with Wall Street firms who are making their own expansion push in a region flush with oil wealth. from Bloomberg Markets https://ift.tt/icE2KfA
South Korean oil and gas shares surged in early trade on Monday after President Yoon Suk Yeol approved a plan to develop a deposit of the fossil fuels discovered off the country’s southeastern coast. from Bloomberg Markets https://ift.tt/8yUWRBD
Iron ore dropped to the lowest level in more than six weeks on worries over the outlook for Chinese demand, which has been hammered by the protracted property crisis. from Bloomberg Markets https://ift.tt/pQ7i5ra
Naomi Fink, Global Strategist for Nikko Asset Management, discusses her outlook for Asia markets and says she is still constructive on Japan equities. She speaks with with Shery Ahn and Haidi Stroud-Watts on “Bloomberg: The Asia Trade”. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/cTHb4px
China should issue much more central government debt to make up for the inability of cash-strapped local authorities to spend money and drive growth, according to one of the country’s leading economists. from Bloomberg Markets https://ift.tt/D97jmNJ
Price cuts and new models helped Chinese electric vehicle makers, including BYD Co. and Nio Inc., continue to grow sales in May even as the overall market for passenger cars is expected to see deliveries shrink, industry data showed. from Bloomberg Markets https://ift.tt/4l7Pv8z