• Jan 14, 2025

UK Pays Highest Real Yield in Decades After Market Selloff

(Bloomberg) -- The UK paid the most in decades to sell 30-year inflation-linked debt after a punishing selloff that’s seen investors dump British stocks, bonds and the pound.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesThe interest rate of 2.126% the government must pay on top of inflation for the £1 billion ($1.2 billion) of bonds sold at auction on Tuesday was the highest in data going back to 2006. The last time the so-call

  • Jan 14, 2025

Peru's niche Bretaña crude oil gains popularity in US

Peru's niche Bretaña crude oil is gaining popularity in the United States, with the first cargo discharging in the U.S. Gulf Coast this month as U.S. refiners seek alternatives for declining Mexican heavy crude. Bretaña, a rare heavy sweet crude with minimal metals, is produced in the Peruvian side of the Amazon rainforest. The vessel Radiant Pride transported about 300,000 barrels of Bretaña from Manaus, on the banks of the Negro river in Brazil, and discharged on Jan. 2 in Houston, ship tracking data from Kpler and LSEG showed.

  • Jan 14, 2025

Morning Bid: Markets catch a break before inflation, earnings

Thanks largely to a stabilisation of bond markets and an ebbing of the super-strong dollar, global stocks caught a rare new year bid on Tuesday with critical inflation and corporate earnings updates now in view. A slightly bizarre narrative developed behind Monday's bounce in stocks, with some citing a Bloomberg report claiming President-elect Donald Trump's team is studying gradual tariff hikes - using emergency legislation to boost import duties 2%-5% per month until they wreak concessions from trade partners. With December producer and consumer price reports due out today and Wednesday, respectively, 10-year benchmark Treasury yields have dialled back from 14-month highs above 4.8% hit on Monday and 30-year 'long bond' yields are balking at 5% for now.

  • Jan 14, 2025

Why rising bond yields are such a problem for stocks: Morning Brief

Rates are making investors nervous. Specifically, the 10-year Treasury yield. Climbing to 4.8% on Monday and a stone's throw from 5%, the 10-year Treasury yield is at a level that makes investors cautious. But why? We dive deep into a classic financial question.

  • Jan 14, 2025

Nio or Li Auto: Bernstein Selects the Superior EV Stock to Buy

Electric vehicles, EVs, have scooped up plenty of hype in recent years – and controversy. Debates on the technology are still ongoing, with many questions remaining on EV adoption. Can EVs match the range and all-weather performance of gasoline-powered vehicles? Can EV pricing come down, to broaden the potential customer base? Can charging networks be expanded sufficiently to support a true EV transition? For the near-term, we don’t have complete answers to these questions. We do know that the w

  • Jan 14, 2025

Reeves’ Vision for UK Faces Fresh Peril From Market Fallout

(Bloomberg) -- Chancellor of the Exchequer Rachel Reeves will speak in Parliament for the first time on Tuesday since the UK was rocked by market turbulence, one of several potential flash-points for the Labour leadership this week.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesReeves’ appearance in the House of Commons is officially to give a statement about the recent trip to China, yet allows opposition parties to quiz her on

  • Jan 14, 2025

Oil shipping rates surge after US sanctions hit availability

SINGAPORE (Reuters) -Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said. Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers designed to curb the world No. 2 oil exporter's revenue due to its war in Ukraine. Many of the newly-targeted vessels, part of a so-called shadow fleet that seeks to avoid Western restrictions, have been used to ship oil to India and China, which snapped up cheap Russian supply that was banned in Europe following Moscow's invasion of Ukraine.

  • Jan 14, 2025

Traders Brace for S&P 500’s Busiest CPI Day Since March 2023

(Bloomberg) -- Options traders whipsawed by the stock market’s recent gyrations are getting anxious that more bouts of volatility may arrive in the coming days, starting with Wednesday’s report on consumer prices.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesSoaring bond yields and robust jobs data have put extra focus on the next consumer price index report. The S&P 500 Index is expected to move 1% in either direction on Jan.