Israel has launched airstrikes targeting central and western Iran in response to missile fire. Iranian state television has reported the sound of explosions being heard in Isfahan, Tabriz and Tehran. (Image credit: Ohad Zwigenberg)
Israel has launched airstrikes targeting central and western Iran in response to missile fire. Iranian state television has reported the sound of explosions being heard in Isfahan, Tabriz and Tehran. (Image credit: Ohad Zwigenberg)
The Indian rupee’s slide may be nearing a floor after authorities unveiled measures to boost foreign inflows, according to Goldman Sachs Group Inc. The steps taken by the Reserve Bank of India and the government “should limit the depreciation pressure on the rupee,” Goldman analysts including Kamakshya Trivedi wrote in a note. “We envisage a plateau in the dollar/rupee cross rate.” Friday’s measur...
The Indian rupee’s slide may be nearing a floor after authorities unveiled measures to boost foreign inflows, according to Goldman Sachs Group Inc. The steps taken by the Reserve Bank of India and the government “should limit the depreciation pressure on the rupee,” Goldman analysts including Kamakshya Trivedi wrote in a note. “We envisage a plateau in the dollar/rupee cross rate.” Friday’s measures include tax exemption on foreign investments in government securities, opening up more debt categories for full foreign investor access, and exemptions for banks raising foreign-currency bonds and deposits. The steps may draw as much as $50 billion in inflows, according to some analysts. Goldman’s comments hold significance as the rupee fell to a new low of 96.9650 per dollar last month amid a surge in global crude prices and record overseas outflows from equities. The weakness has led some analysts to speculate that the currency may decline further to 100 per dollar. The Wall Street bank now sees the dollar/rupee cross at 96 in three months, from 97 previously. It kept its six-month forecast unchanged at 96, while seeing the currency at 97 in 12 months, from 96 previously. The rupee fell as much as 0.4% to 95.36 Monday, after gaining the most in over two months Friday. “To be clear, we do not expect substantial spot appreciation either,” Trivedi said. “The rupee depreciation is not out of line with other key energy importing currencies in the region, and we expect that any renewed capital inflows should and will be used to rebuild the reserve buffer and unwind the short forward book.” The rupee’s carry has increased since the outbreak of the Iran conflict and is higher than other Asian high-yielders, including the Indonesian rupiah and Philippine peso, according to Goldman. The currency is now among the more undervalued emerging market currencies versus the dollar among the higher carry complex, it said, adding that there is a growing case for adding rupee back into div...
Monday morning, Tim Cook walks onto the WWDC 2026 stage carrying more weight than any keynote of his tenure. Apple (NASDAQ:AAPL) trades at $307.34, up 53.8% over the past year, and Cook has confirmed he will step into the role of executive chairman on September 1, handing the CEO seat to John Ternus. This is ... Tim Cook’s Legacy Is on the Line Tomorrow. Here’s What He Needs to Announce
Monday morning, Tim Cook walks onto the WWDC 2026 stage carrying more weight than any keynote of his tenure. Apple (NASDAQ:AAPL) trades at $307.34, up 53.8% over the past year, and Cook has confirmed he will step into the role of executive chairman on September 1, handing the CEO seat to John Ternus. This is ... Tim Cook’s Legacy Is on the Line Tomorrow. Here’s What He Needs to Announce
"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)
"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)
格隆汇6月8日｜投资者仍在评估上周五强劲的美国就业报告，该数据超出所有预期，并强化了市场对美联储主席凯文·沃什任内将需要加息以抑制通胀的看法。与此同时，以色列对伊朗展开新一轮打击也推高了油价，并可能加剧世界最大经济体的通胀压力。交易员已经重新预期美联储将在12月前加息25个基点，第二次加息的可能性约为16%。上周四，市场押注美联储最早要到2027年3月才会加息25个基点。自今年3月触及低点以来，2年期和5年期美债收益率已上涨超过80个基点，目前分别触及4.19%和4.31%。基准10年期美债收益率已上涨超过60个基点，至4.56%。高盛集团的经济学家表示，由于劳动力市场强于预期，不再预计美联储今年将降息。摩根大通预计，10年期国债收益率年底将升至4.70%。交易员也在押注本周CPI数据将出现近几年来最大幅度的上涨，将进一步增加升息的理由。特朗普在接受NBC的Meet the Press节目采访时试图压制市场对加息的预期，他表示美联储“没有理由”加息，提高基准利率“是错误的做法”，“我们实际上应该降低利率”。
The European Central Bank ’s resolve to uphold its inflation-quashing reputation risks luring it into a damaging error when it meets this week, economists warn. After holding off since the Iran war erupted, officials now look convinced that an interest-rate hike is needed to stop soaring energy prices igniting a broader inflation surge. Yet the case for caution remains strong, with the euro-zone e...
The European Central Bank ’s resolve to uphold its inflation-quashing reputation risks luring it into a damaging error when it meets this week, economists warn. After holding off since the Iran war erupted, officials now look convinced that an interest-rate hike is needed to stop soaring energy prices igniting a broader inflation surge. Yet the case for caution remains strong, with the euro-zone economy wobbling and investors in danger of interpreting any move as the first in a series . That dilemma has some analysts arguing that the ECB can bide its time further to assess how persistent the shock will be, particularly as the US and Iran work toward a peace accord. They caution that a premature move could echo widely criticized rate increases 15 years ago that were later reversed as Europe’s debt crisis deepened. “The ECB seems hellbent to prove its credibility,” said TS Lombard’s Davide Oneglia . “The 2011 hikes were a clear policy mistake and repeating it is one of the highest risks we’re facing with the ECB so focused on inflation expectations and the scars left behind by the 2022 experience.” Policymakers from hawkish Executive Board member Isabel Schnabel to dovish Greek central-bank chief Yannis Stournaras suggest they can no longer “look through” the energy shock and must preserve trust in the ECB’s commitment to keep inflation at 2%. The latest reading for the 21-nation bloc already hit 3.2%, with further acceleration likely. Even stripping out energy and food costs, underlying pressures have shifted sharply higher. Firms’ plans for price increases, meanwhile, are elevated. Households’ views on where inflation will go from here are too. “The risk of de-anchoring inflation expectations is rising,” Schnabel cautioned last week. Not everyone’s so concerned. Some analysts say faster core inflation may be due to factors beyond energy pass-through. Others see little sign of undue upward forces on things like wages just yet. “When the ECB hikes before there’s firm ...