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Bloomberg Markets
European stocks posted muted moves as investors prepared for key US jobs numbers that will provide clues on the chances of a Federal Reserve interest-rate hike this month. Volkswagen AG shares jumped on plans for a sweeping restructuring at the carmaker.
Bloomberg Markets
Some of the world’s biggest money managers have rebuilt their gold holdings after prices dropped, betting that long-term drivers of the precious metal will endure even as the US Federal Reserve takes a more assertive stance on inflation.
Bloomberg Markets
US retail diesel rose to a record, threatening to further spike energy-driven inflation as wars in Iran and Russia roil the market.
Yahoo Finance
Yahoo Finance
Bloomberg Markets
The yen held most of its gains Friday after advancing more than 2% on Thursday. A rush to unwind yen-funded carry trades helped send the currency to a one-month high against the dollar as traders ramped up bets on further Bank of Japan rate hikes. Bloomberg's David Savage reports. (Source: Bloomberg)
Bloomberg Markets
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)
Bloomberg Markets
A top-performing fund manager at Pacific Investment Management Co. is betting the next winners of the AI boom will be found outside of crowded US Big Tech firms, turning instead to Asian equipment suppliers, Chinese financials and healthcare stocks.
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Bloomberg Markets
A fresh flare up in tit-for-tat attacks between the US and Iran put the Strait of Hormuz back in focus as gas, oil and other commodity prices rallied this week. With negotiations between the two sides grinding to a halt and Europe nearing the end of summer, dwindling gas storage levels are threatening to intensify a global fight for supply. The Opening Trade spoke with guests about the outlook as governments and consumers face the prospect of higher prices heading into winter.
(Source: Bloomber