Moldova and Ukraine reached an informal agreement to keep natural gas flowing to the pro-Russian enclave of Transnistria after a transit contract with Gazprom PJSC expires at the end of the year. from Bloomberg Markets https://ift.tt/bkHeQ4U

The powerful rally in stocks this year is likely to fizzle out as a rise in bond yields coincides with higher valuations, according to Goldman Sachs Group Inc. strategist Peter Oppenheimer. from Bloomberg Markets https://ift.tt/AtjIB6S

Turkey’s economy likely grew faster to start the year, as consumers propel an expansion that’s so far been immune to a series of aggressive interest-rate increases meant to muffle domestic demand. from Bloomberg Markets https://ift.tt/5tpKF9w

Emirates is adding tools to help the airline prevent incidents of extreme turbulence, after two high-profile mishaps on other carriers left one dead and dozens injured. from Bloomberg Markets https://ift.tt/Ip9tONf

UBS AG has been fined 50,000 Swiss francs ($55,000) by Swiss authorities for failing to report cases of suspected money laundering linked to the ex-president of Yemen, Ali Abdullah Saleh. from Bloomberg Markets https://ift.tt/p9y3qBT

Copper extended its retreat from a record, and aluminum dropped from a two-year high, as investors looked to cash in after a blistering rally across industrial metals markets. from Bloomberg Markets https://ift.tt/4wGxNdn

S&P 500 companies are on track to be more profitable than they have been in over a decade, boosted by layoffs, lower commodity prices and continued pricing power. from Bloomberg Markets https://ift.tt/VyanXCu

Large US banks may be more exposed to commercial property than regulators appreciate because of credit lines and term loans they provide to real estate investment trusts, according to a new study. from Bloomberg Markets https://ift.tt/KmIsZAh

Rishi Sunak has claimed that a vote for his governing Conservative Party at the UK general election is a vote for interest rate cuts, drawing the Bank of England into a campaign it has been trying to avoid. Meanwhile, latest data from the British Retail Consortium shows price increases at UK shops are at the…

The Fed’s latest Beige book survey shows the US economy expanded at a “slight or modest” pace across most regions since early April and consumers pushed back against higher prices. In an wide-ranging exclusive conversation with Bloomberg, Societe Generale Chairman Lorenzo Bini Smaghi discusses the inflationary outlook facing central banks. He also tells Bloomberg why…