Bloomberg: News

Bloomberg Markets
Bloomberg Markets
  • Oil plunged and other commodities from industrial metals to grains slipped as President Donald Trump’s tariff onslaught ratcheted up a trade war that threatens to hurt the global economy and demand for raw materials. Gold fell from a fresh record high.
  • The US and Democratic Republic of Congo are preparing a minerals and security partnership, President Donald Trump’s senior adviser for Africa said after meeting with President Felix Tshisekedi Thursday.
  • Denmark’s benchmark stock index has fallen 21% from its September high, making it the first major European index to enter a bear market as tariff-related risks and a slump for Novo Nordisk A/S weigh.
  • Kate Burke is set to take over as CEO of Allspring Global Investments in July. She joined Bloomberg Open Interest to talk about what she is telling investors as stock market reel from Trump's tariffs. Allspring is a global asset management firm with $605 billion in assets under advisement. (Source: Bloomberg)
  • British Columbia’s credit rating has been cut to A+ by S&P Global Ratings as lower immigration and trade uncertainty weigh on the Canadian province’s economic growth at the same time that governmental spending is increasing.