Oil advanced as Iran-backed Houthi militants in Yemen entered the Middle East war and more US troops arrived in the region, raising fears the widening conflict will cause further chaos for energy markets. President Trump has ordered thousands of troops to the region, fanning fears of a risky ground invasion. The Opening Trade has everything you need to know as markets open across Europe. With anal...
Oil advanced as Iran-backed Houthi militants in Yemen entered the Middle East war and more US troops arrived in the region, raising fears the widening conflict will cause further chaos for energy markets. President Trump has ordered thousands of troops to the region, fanning fears of a risky ground invasion. 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)
Not everyone in the county game is optimistic but players should start the season believing performances will be noticed by the England setup Peter Moores could be forgiven for raising an eyebrow at England’s backing for Brendon McCullum after four years as head coach and that bleak Australian winter. Moores was afforded barely three across his two spells in the job, neither of which included an A...
Not everyone in the county game is optimistic but players should start the season believing performances will be noticed by the England setup Peter Moores could be forgiven for raising an eyebrow at England’s backing for Brendon McCullum after four years as head coach and that bleak Australian winter. Moores was afforded barely three across his two spells in the job, neither of which included an Ashes series. But as his Nottinghamshire side begin the defence of their County Championship title away at Somerset this Friday, Moores is keen to look forwards. During his Ashes mea culpa, the England team director, Rob Key, said he wanted better communication with the counties on selection – music to the ears of the leading domestic coach. Continue reading...
AndreyPopov/iStock via Getty Images Billionaire investor Bill Ackman took to X, describing the Middle East conflict as one-sided and bullish for equities, and urged investors to “buy quality” as some of the world’s leading companies trade at unusually low prices. "Ignore the MSM. One of the most one-sided wars in history that will end well for the U.S. and the world," Ackman said in his post . "An...
AndreyPopov/iStock via Getty Images Billionaire investor Bill Ackman took to X, describing the Middle East conflict as one-sided and bullish for equities, and urged investors to “buy quality” as some of the world’s leading companies trade at unusually low prices. "Ignore the MSM. One of the most one-sided wars in history that will end well for the U.S. and the world," Ackman said in his post . "And we have the potential for a large peace dividend. One of the best times in a long time to buy quality. Ignore the bears," he added. Ackman, who is returning to the IPO market with a combined offering for his hedge fund manager and a new closed-end fund, further noted that mortgage giants Fannie and Freddie "are stupidly cheap. Asymmetry at its best. They could be a 10X, and it could happen soon.” Famed "Big Short" investor Michael Burry responded directly to Ackman's post, saying, "Cannot emphasize enough how rare this is in this market." Both FNMA and FMCC shares have fallen more than 60% over the past six months, reaching their 52-week lows earlier this month. More on markets, etc. Pershing Square: 2 IPOs In One (I Would Avoid Both) Tracking Bill Ackman's Pershing Square 13F Portfolio - Q4 2025 Update Pershing Square Holdings H2 2025 Letter To Shareholders Michael Burry says Fannie Mae, Freddie Mac IPOs could come in 2027 'at best' Stocks to watch after market hours on Monday: EL, ZION, BRLXF
Paris’ new mayor aims to reach a deal to sell the longtime home stadium of Paris Saint-German to the football club by the summer to end years of uncertainty over the site. Emmanuel Gregoire said he’d expressed his support for a sale in a recent meeting with PSG President Nasser Al-Khelaifi . “We agreed with PSG’s shareholder that we want to conclude discussions by the end of the summer at the late...
Paris’ new mayor aims to reach a deal to sell the longtime home stadium of Paris Saint-German to the football club by the summer to end years of uncertainty over the site. Emmanuel Gregoire said he’d expressed his support for a sale in a recent meeting with PSG President Nasser Al-Khelaifi . “We agreed with PSG’s shareholder that we want to conclude discussions by the end of the summer at the latest,” Gregoire told Franceinfo radio on Monday. PSG has played at the Parc des Princes since 1974 but has been in a row with Paris authorities over the modernization of the stadium, which holds just 48,000 spectators. The club has considered quitting the site, including a potential move to the 80,000-capacity Stade de France national stadium. “We have an emotional attachment to our club, and we want it to remain in Paris, and we want to bring together the conditions for it to stay,” said Gregoire, who took over as mayor from Anne Hidalgo on Sunday. He added that he’ll seek a mandate for negotiations to sell the Parc des Princes during a special meeting of the Paris Council he plans to convene in mid-April.
Inflation expectations of euro-area consumers jumped in March — a warning sign for the European Central Bank as it assesses the danger of a renewed price spike due to the Iran war. An indicator of where people see prices in a year’s time increased to 43.4 from 26.2 in February, the European Commission said Monday in its monthly business and consumer survey. Managers’ selling-price expectations als...
Inflation expectations of euro-area consumers jumped in March — a warning sign for the European Central Bank as it assesses the danger of a renewed price spike due to the Iran war. An indicator of where people see prices in a year’s time increased to 43.4 from 26.2 in February, the European Commission said Monday in its monthly business and consumer survey. Managers’ selling-price expectations also rose “sharply,” particularly in industry. “Selling-price expectations moved further beyond their long-term average in all business sectors,” the commission said. ECB officials are scrutinizing inflation expectations as they asses whether the jolts in energy markets will spill over into consumer prices more broadly. Data on Tuesday are expected to show euro-zone inflation quickened this month by the most since Russia invaded Ukraine in 2022. President Christine Lagarde warned last week that memories of four years ago could mean firms and workers react faster this time. Vice President Luis de Guindos said that if expectations start to de-anchor from the 2% goal, the central bank “ will have to react .” The commission’s index is some way below the 64.3 peak reached in March 2022. A separate ECB survey published Friday showed expectations among consumers were falling as the war began. Prices were seen rising 2.5% over the next 12 months and the next three years — both down from the previous month. Market-based indicators have also reacted. Long-dated inflation swaps rose sharply in the early days of the war, before paring much of the move as traders started to price interest rate hikes. The 5y5y inflation swap , which represents the market’s expectation of five-year average inflation, starting in five years’ time, rose from 2.08% at the end of February to as high as 2.30%. It’s since declined back to about 2.16%. Shorter-dated swaps, which are particularly sensitive to commodity prices, have also climbed. The 1y1y swap is trading around 2.23%, the highest since mid-2024 and a...