Yen Falls After BOJ Rate Hike as Oil Extends Slide
The Bank of Japan raised its benchmark interest rate in a split decision showing dissent within the board. The yen extended its drop against the dollar after BOJ Governor Kazuo Ueda gave mixed signals about future rate hikes.
Oil dropped for a third day, with traders looking to the next round of diplomacy that’ll shape the US-Iran war as supply concerns eased. In the Middle East, Saudi Arabia has moved to restore the damaged East-West pipeline to its Red Sea coast, aiming to return about half its capacity within days.
Russia took control of the local businesses of Swiss food giant Nestlé and French supermarket chain Auchan in the Kremlin’s largest takeover of foreign corporate assets since at least 2024 amid rising tensions with Europe.
Today’s guests: Carlos Cuerpo, Spanish Minister of Economy, Trade & Enterprise & Deputy Prime Minister; Alessia Berardi, Amundi Investment Institute, Head of Global Macroeconomics and Emerging Markets Strategy; Sayuri Shirai, Keio University Economics Professor & former Bank of Japan Policy Board Member; Martijn Rats, Morgan Stanley, Chief Commodities Strategist
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“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:25 – European finance minister, central bankers in Dublin
00:00:46 – EXCLUSIVE: Carlos Cuerpo, Spanish Minister of Economy, Trade & Enterprise & Deputy Prime Minister
00:10:37 – Alessia Berardi, Amundi Investment Institute, Head of Global Macroeconomics and Emerging Markets Strategy
00:16:29 – Sayuri Shirai, Keio University Economics Professor & former Bank of Japan Policy Board Member
00:23:50 – Friday headlines
00:24:52 – Martijn Rats, Morgan Stanley, Chief Commodities Strategist
00:31:48 – Nestle assesses options after Russia decree
00:34:36 – Merz wins backing from German Premier
00:38:21 – How China is changing the AI game
00:40:19 – Trump turns focus to midterms
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More on Bloomberg Television and Markets
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