“Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. Oil rallied following a CNN report that new US intelligence suggests Israel is preparing for a potential strike on Iranian nuclear facilities.
Brent crude rose above $66 a barrel. It wasn’t clear that Israeli leaders have made a final decision on whether to carry out the strikes, CNN said, citing unidentified officials.
Oil has been volatile since last week on mixed headlines about the fate of Iran-US nuclear talks, which could pave the way for more barrels to return to a market that’s expected to be oversupplied later in the year. An attack by Israel would hinder any progress in those negotiations and add to unrest in the Middle East, which supplies about a third of the world’s crude.
Today’s guests: Abigail Watt, UBS US Economist, Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, Mark Coombs, Ashmore Group CEO.
Chapters:
00:00:00 – Intro
00:01:38 – Oil Surges on Report Israel Set to Hit Iran
00:07:31 – US Dollar Weakens Amid Tax Bill Snag
00:11:05 – Abigail Watt, UBS US Economist
00:14:17 – Nvidia Urges US to Ease AI Curbs
00:19:43 – IMF Urges US to Cur Deficits
00:22:24 – Lori Calvasina, RBC Capital Markets Head of US Equity Strategy
00:24:20 – Markets Bet on Two Fed Cuts for 2025
00:31:09 – UK Inflation Surge Prompts Traders to Pare Bets on BOE Cuts
00:34:33 – Mark Coombs, Ashmore Group CEO
00:40:58 – Gulf Investment in Focus at QEF
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