Market News

US equity-index futures pared earlier gains after Iranian state TV said part of the giant South Pars gas field was hit in an airstrike. S&P 500 Index futures are up 0.4% at 7:45 a.m. in New York.

Prices for the fuel have surged faster than most other petroleum-based products.

It’s been a volatile stretch for US equities as Wall Street tries to wrap its arms around the war in Iran. But with the fighting now in its third week, investors are becoming more sanguine about the stock market as signs emerge that the worst may be over.

Edward Yardeni, president at Yardeni Research, explains why he doesn’t see many indicators of a buying opportunity as markets take a “pretty optimistic” view on the length of the Iran war. (Source: Bloomberg)

Sweden’s central bank is set to confirm that war-induced inflation risks have derailed any prospect of an imminent interest-rate cut, when its latest decision is revealed this week.

Bonds around the world are rallying this week, recovering from a big hit since US-Israeli strikes on Iran began, as oil prices calm down.

ETG Group, which operates agricultural businesses across Africa, is sounding out investors for its first international bond sale, testing demand at a tumultuous time for the sector.

Andre Kelleners, co-head of EMEA investment banking at Goldman Sachs, discusses the impact of the war in Iran on markets and M&A deals, saying clients "remain quiet forward leaning," while the majority of them "expects to do more this year than last year in M&A." Kelleners also discusses the pipeline of potential initial public offerings in Europe this year. "The pipeline for IPOs in Europe remains strong and remains robust." (Source: Bloomberg)

MiniMax, Zhipu soar after Nvidia CEO touts AI agent tool.

A growing cash crunch is forcing Nigerian power producers out of business. Bloomberg's Chief Africa Correspondent Jennifer Zabasajja joins Horizons Middle East and Africa Anchor Joumanna Bercetche to talk about the impact on Nigerians. (Source: Bloomberg)

BHP Group Ltd. is sending a cargo of Jimblebar fines — a type of iron ore that’s restricted by China’s state buyer — to India, according to people familiar with the matter, the latest sign that the world’s biggest miner is diverting shipments to other markets.

Tom Mackenzie, Anna Edwards, Lizzy Burden and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)

The US now has the production capacity to supply 100% of its energy-storage systems domestically, a key milestone in the push to boost American battery manufacturing and decrease the nation’s reliance on Chinese imports.

Sophie Huynh, portfolio manager and strategist at BNP Paribas Asset Management, discusses the impact of the ongoing conflict in the Middle East on markets. Speaking on Bloomberg Television, she warns about the risks of a protracted closure of the Strait of Hormuz, saying the longer the waterway stays closed, "the more likely we could have an energy shock." (Source: Bloomberg)

Arabian Dyar, a Saudi developer building thousands of properties across the kingdom, and Al Rajhi Capital have agreed to form a 4.5 billion riyals ($1.2 billion) real estate fund to develop new real estate projects in the holy cities of Mecca and Madinah.

Ares Management Corp. is leading a continuation fund for frozen baked goods firm Europastry SA, owned by MCH Private Equity.

Renew Energy Global Plc is set to secure an about $800 million foreign-currency loan, according to people familiar with the matter, in what would be India’s largest offshore financing so far this year.

Goldman Sachs Group Inc. sees a double-digit pipeline of potential initial public offerings in Europe this year, even as geopolitical tension in the Middle East overshadows sentiment for now.

The Reserve Bank of India’s recent defense of the rupee is weighing on the nation’s foreign exchange reserves, prompting calls from some analysts to scale back future intervention.

China has been noticeably quiet about the conflict in the Middle East, even as it engulfs a major Chinese friend, Iran. The silence, though, is deliberate. Rebecca Choong Wilkins explains. (Source: Bloomberg)