(Bloomberg) — The euro gained more than 1% and regional government bonds slumped as traders increased bets the European Central Bank will raise interest rates after officials hiked and signaled more to come.
Tesco Plc Chief Executive Officer Ken Murphy said he’s seeing signs that grocery inflation is starting to ease from its torrid pace amid political pressure on UK grocers to hold down prices.
Japan passed a landmark sex-crime bill on Friday, in a long fought-for bid to make a range of sexual offenses, including rape, photo voyeurism and online child-grooming, more easily punishable.
Morgan Stanley downgraded Singapore Airlines Ltd. after a peer-beating rally over the past month, saying positives such as strong fundamentals and favorable fuel prices have been priced in.
Economists see a greater chance that the European Central Bank will deliver two more interest-rate increases — extending what’s already an historic tightening cycle into September.
ITV Plc said it’s actively exploring a takeover of All3Media Holdings Ltd., the British TV producer that’s co-owned by Liberty Global Plc and Warner Bros Discovery Inc.
The S&P 500 may have entered a technical bull market last week, but Bank of America Corp.’s Michael Hartnett say it’s not the start of a new major rally in equities.
The European Commission is increasing the pressure on member-nations to stop using Huawei Technologies Co. and ZTE Corp. equipment in their most advanced mobile networks, explicitly labeling the companies for the first time as “high-risk” vendors.
The negative correlation between Asian equities and US bond yields has broken down, as optimism about artificial intelligence overtakes concerns about the Federal Reserve’s next move.
The Bank of Japan’s decision to stick with ultra-low rates looks set to pummel the yen and bolster the confidence of equity bulls, according to strategists.
