Olam shares jumped by over 5% in Monday trading, following the announcement.
Germany’s Crunch Election Grips Market Wanting Higher Spending
(Bloomberg) -- Germany’s highest-stakes election in years is paving the way for a pivot to increased spending, with markets predicting the end of an era for constrained fiscal policy.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsNYC’s Congestion Pricing Pulls In $48.6 Million in Fir
Oil Speculators Turn Sour as Bullish Wagers Get Trimmed Back
(Bloomberg) -- Hedge funds are turning less optimistic on crude oil’s prospects, trimming net-bullish bets in a further sign of market softening.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsNet-long positions for US marker
German stocks and euro rise after conservatives win election
German stocks rallied on Monday and the euro reached a one-month high after Germany’s election result put centrist parties on track to form a coalition. Friedrich Merz was set to become Germany's next chancellor after his opposition conservatives won the national election on Sunday. Merz should be able to form a coalition to govern with the ruling centre-left Social Democrats, even though the party came third behind the far-right Alternative for Germany.
Five Key Charts to Watch in Global Commodity Markets This Week
(Bloomberg) -- Subdued oil traders will be looking for clues at a major energy conference in London this week. Gold continues to pour into the US as the market provides arbitrage opportunities. And the price of liquefied natural gas in Europe is showing signs of easing as supply concerns take a step back. Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminati
Repricing US gold reserves would be bullish for the market, signaling the precious metal is not a ‘barbarous relic,’ analyst says
If US gold reserves were priced at the current market rate, the value would top $750 billion.
One of the few bears on Wall Street worries stagflation could drive a 10% stock sell-off this year
Inflation probably isn't going back to 2% without a recession, according to Barry Bannister, Stifel's top stock strategist.
What election projections mean for Germany's ailing economy
BERLIN (Reuters) -Germany's opposition conservatives CDU/CSU won the national election on Sunday, putting leader Friedrich Merz on track to be the next chancellor while the far-right Alternative for Germany (AfD)came in second, its best ever result, projections showed. Germany's election results set the stage for protracted coalition talks.
Fed-Favored Inflation Gauge Is Set to Ease to Seven-Month Low
(Bloomberg) -- The Federal Reserve’s preferred inflation metric is expected to cool to the slowest pace since June, but glacial progress on taming price pressures overall will keep policymakers cautious about lowering interest rates further.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire Vic
How Trump's federal worker layoffs will hit beyond Washington
While federal workers are concentrated around Washington, D.C., there are thousands more in cities throughout the country. Laying them off will impact those local economies.