economic · economic
Senegal Starts Countdown to First African Default Since 2023
Senegal has been at the front of emerging-market bond investors’ minds since the government discovered billions of dollars of hidden debt two years ago.
5,922 events tracked
economic · economic
Senegal has been at the front of emerging-market bond investors’ minds since the government discovered billions of dollars of hidden debt two years ago.
economic · economic
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
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The Philippines is rethinking a plan to sell five-year jumbo bonds later this month as a falling peso and rising interest rates make borrowings more expensive.
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Currency falls under ¥157 to the dollar after sudden jump overnight
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U.S. President Donald Trump said on Wednesday that the renewed U.S. campaign against Iran would not continue for "too long". He said U.S. forces had targeted Iran's radar and missile systems.
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Vietnam posted a trade deficit for a ninth straight month as factories continue to bring in more machinery and materials to expand production as the country pursues its double-digit growth target this year.
economic · economic
Global bond markets are experiencing a selloff, though less severe than four years ago. Current yield increases are smaller, providing some market reassurance and new opportunities. Heavy government spending and AI financing are adding pressure to bond markets. Higher yields offer investors a better income cushion against falling prices. Bond yields may still rise due to inflation and debt issuance pressures.
economic · economic
The Indian rupee remained above 95 against the dollar for a second day. Traders attribute this performance to aggressive dollar sales by the central bank. The rupee closed at 94.97, showing little movement during trading. This stability contrasted with a significant slump in equity markets. State-run banks likely sold dollars to prevent further depreciation past the 95 mark.
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According to a consensus statement, AI technologies may help to streamline global trade
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The Dutch central bank said Wednesday it had moved 86 tonnes of its gold reserves out of the US and Canada to London, citing “increasing geopolitical unrest.” The DNB bank said gold reserves held in London could be traded more easily than those held in New York and Ottawa. “This makes it the quickest for DNB to deploy in a crisis situation,” the bank said in a statement. “With this step, we have improved the deployability of the gold reserves. We assume that we will never need to deploy the...
economic · economic
European stocks declined on nervousness around the outlook for inflation after renewed fighting in the Middle East kept oil prices and bond yields elevated.
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Azzas 2154 SA, one of Brazil’s largest apparel exporters, will split into two independent publicly traded companies as its main shareholders seek to end a months-long dispute over governance and strategy.
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A pullback in oil prices brought some relief to traders worried about inflation, with stocks and bonds bouncing after recent losses. Sebastien Page, CIO and Head: Global Multi-Asset at T. Rowe Price, discusses the markets and recent moves that have long bonds hovering at multi-year highs. (Source: Bloomberg)
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Convenience and gas station retailer Alimentation Couche-Tard Inc. reported record fuel sales as oil prices soared amid the Middle East conflict, but consumers are also tightening their budgets and visiting stores less often. Shares dropped the most in more than five months.
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Investors who had been holding out hope that Senegal could avoid a default are changing tack, selling its short-dated bonds as they expect losses ahead.
economic · economic
Global bond yields are surging as oil-driven inflation, rising debt, heavy AI borrowing and hawkish central-bank expectations unsettle markets. With US, Japanese and Indian yields climbing, the bond selloff is spilling into equities and emerging markets. For India, higher oil prices could add to imported inflation, pressure the rupee, lift borrowing costs and constrain monetary easing.
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US stocks flipped between small gains and losses on Wednesday after a three-day skid, as oil prices halted a sharp advance, easing inflation concerns as traders weigh the Federal Reserve’s potential path for interest-rate hikes.
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The conflict between the US and Iran escalated sharply, with American forces carrying out a fresh wave of strikes and Iran saying it had retaliated. Meanwhile President Donald Trump downplayed the chances of a deal, writing in a post on Truth Social that he’s “not trying to force Iran to the bargaining table.” The selloff sweeping global bond markets looks painful, but it’s nothing compared with the rout four years ago, when soaring inflation forced central banks into a series of rapid-fire interest-rate hikes. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Lizzy Burden. (Source: Bloomberg)
economic · economic
The bond selloff continued in Europe and the UK on Wednesday, as natural gas prices rose further and kept investors worried about inflation.
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Brazil’s global dominance in the beef trade is clashing with tougher European standards, threatening exports as suppliers struggle to certify cattle under new restrictions on growth-promoting drugs.
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Irish central bank governor Gabriel Makhlouf says combination of Eurozone inflation above 3% and robust growth makes him ‘uneasy’
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The dollar rose significantly on Wednesday due to climbing oil prices prompted by renewed conflicts in the Middle East, which rattled global markets. In addition, increasing Treasury yields fueled expectations of a potential rate hike by the Federal Reserve. Although recent economic reports underperformed, the market's outlook shifted positively towards monetary tightening. The Japanese yen remained weak against the dollar, despite hopes for strategic intervention.
economic · economic
Global bond markets are experiencing a significant selloff as inflation concerns grow. Government debt levels are increasing, impacting consumers and businesses worldwide. Japan's 10-year yield reached three percent, its highest since 1996. Wars and increased deficit spending are contributing to higher oil prices and interest rates. This situation puts pressure on borrowing costs for both public and private sectors.
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Gold held a decline as attacks in the Middle East and a global bond selloff ratcheted up bets the Federal Reserve may need to raise interest rates to rein in inflation.
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G20 finance leaders wrapped up two days of talks in Ashville, North Carolina, on Tuesday with broad backing for a final statement, despite tensions over Russia’s participation and divisions with China. US Treasury Secretary Scott Bessent said Moscow’s presence had not disrupted discussions, as ministers also grappled with the war in the Middle East, tariffs, global trade imbalances and continued support for Ukraine.
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US Treasury Secretary Bessent urges other G20 countries to do more to protect their economies from Chinese imports.
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Asian stocks were set to decline Wednesday as surging oil prices pushed bond yields higher and stoked fears that resurgent inflation will force central banks to tighten monetary policy.
Brent Crude Futures (BZ=F) price: 95.2200, change: +5.23%
Brent Crude Futures (BZ=F) price: 95.2200, change: +5.23%