Markets and investing
Oil prices fall more than 1% as talks continue over ending Iran war
Oil prices declined by more than 1% as negotiations continued on a possible end to the war in Iran. The available report provides no further market details.
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Markets and investing
China’s largest banks report strongest quarterly profit growth in years
China’s five biggest state-owned banks recorded quarterly profit increases of 6% to 11%, supported by stabilising net interest margins, steady asset quality and lower funding costs.
Markets and investing
Brent oil tests its 200-day average as bearish momentum intensifies
Brent crude was trading at USD 104.68, just below its 200-day simple moving average at USD 105.02, while several technical indicators pointed to continued downside risk. Oversold readings leave room for a rebound, but the bearish setup remains dominant.
Markets and investing
Tema’s Nardini Says Equal-Weighting Can Help Investors Manage Concentration Risk
Paisley Nardini, head of investment strategy at Tema ETFs, discussed Anthropic’s upcoming IPO and concentration risk with Bloomberg’s Scarlet Fu and Eric Balchunas on “Bloomberg ETF IQ.”