A bad April for the yuan has turned into a worse May, with its failure to rebound amid broad dollar weakness a warning sign that bearish sentiment risks snowballing. from Bloomberg Markets https://ift.tt/Ho8ZDdY
HSBC Holdings Plc is courting private bankers as it seeks to expand its business of catering to the growing number of millionaires and billionaires moving to the Middle East. from Bloomberg Markets https://ift.tt/uzdckAt
Oil was steady after retreating on Wednesday, with broader risk-off sentiment offsetting heightened tensions in the Middle East before an OPEC+ supply meeting on Sunday. from Bloomberg Markets https://ift.tt/DrHeZmE
The yen fell through a level that prompted the latest round of suspected action by Japan to prop up the currency, underscoring the limited impact of intervening in the market. from Bloomberg Markets https://ift.tt/XPbsOtQ
Good morning. Bond swoon drags on US stocks. Dimon warns about retail traders dipping into private credit. Meta removes accounts linked to covert influence campaigns. Here’s what’s moving markets. — Isabelle Lee from Bloomberg Markets https://ift.tt/QpKbP6y
Morgan Stanley Investment Management is increasing exposure to Chinese stocks on cautious optimism that share buybacks spurred by the government will help boost prices. from Bloomberg Markets https://ift.tt/WcvuJP6
Five major Australian beef producers banned from exporting meat to China will be allowed to resume trade immediately, Agriculture Minister Murray Watt said, the latest move by Beijing to normalize economic ties with Canberra. from Bloomberg Markets https://ift.tt/eMHUkKw
Asian stocks are set to fall after bonds and shares fell in the US, as another weak sale of Treasuries boosted concern that funding the US deficit will drive up yields at a time when the Federal Reserve is in no rush to cut rates. from Bloomberg Markets https://ift.tt/vpty3ER
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern have the economy and global markets “under surveillance”. Their daily conversations with leaders and decision makers from Wall Street to Washington and beyond cover the latest in business, investment, and geopolitics. No other program better positions investors and executives for the trading day. (Source: Bloomberg) from Bloomberg Markets…
Activist investor Nelson Peltz has sold his entire stake in Walt Disney Co., CNBC reported, citing a person with knowledge of the matter. from Bloomberg Markets https://ift.tt/mrJIn2s