Oil Rally Fuels Inflation Fears; Canada’s US Tariffs Kick In
US equity futures waver and global stocks slide as brent crude inches closer to $100 a barrel, adding to inflation concerns. Saudi Arabia halts some energy operations after attacks. Canada’s retaliatory levies of up to 50% on US goods take effect. ASML wins TSMC and Samsung’s commitment to use its latest chip production gear. Marija Veitmane of State Street joins “Bloomberg Brief” to discuss market risks ahead of the CPI report later in the week.
Chapters:
00:00:00 – Bloomberg Brief Begins
00:00:18 – Markets, Oil and Global Headlines
00:00:44 – Global Market Check: Yen Strengthens Ahead of U.S. CPI and BOJ Decision
00:01:51 – European Stocks Weaken as Oil and Bond Yields Rise
00:03:09 – US Markets Brace for CPI and a Potential Fed Hike
00:04:44 – Yen Rally Raises Volatility Concerns
00:07:57 – Brent Nears $100 After Attacks on Saudi Energy Facilities, Iran and Oman Work Toward Reopening the Strait of Hormuz
00:11:43 – Canada’s Retaliatory Tariffs Escalate US Trade Tensions
00:14:04 – Trending on the Terminal
00:15:23 – Novartis Hit by Third Clinical Trial Setback in a Week
00:19:00 – Front Page News
00:23:28 – Marija Veitmane, State Street Senior Multi-Asset Strategist, on Inflation Risks & the Fed Outlook, Investor Flows, Risk Appetite and Treasury Selling
00:29:35 – Trending on the Terminal
00:31:55 – US-Canada Trade War and Bombardier Tariff Threats, US Election Outlook and Key Senate Races
00:36:20 – European Gas Crunch and the Global Oil Market
00:38:57 – ASML Wins Commitments From Samsung and TSMC, Anthropic Walks Away From $6 Billion Acquisition
00:42:01 – What to Watch
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