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8/21
04:17
Bloomberg MLIV analysts and investors on "Bloomberg: The Opening Trade" discussed key themes, with the view that dollar depreciation is sustainable.
04:04
Sun notes that the AI industry, despite anxieties over job losses and rogue AI, was blindsided by the public's strong opposition to data center construction, a trend that was previously uncontroversial and even incentivized by local governments.
04:03
Bloomberg's "Odd Lots" podcast points out that AI industry insiders have been concerned for years about issues such as AI potentially leading to job losses and human extinction, yet they have overlooked the public's strong dissatisfaction with data center construction.
04:03
The record delivery underscores Hong Kong's ambition to become a global hub for precious metals, amidst widening trade restrictions imposed by the United States.
04:02
The European Central Bank's (ECB) Consumer Expectations Survey for July 2026 revealed that median expectations for inflation over the next 12 months decreased to 2.9% from 3.0% in June. Similarly, inflation expectations for three years ahead also fell to 2.7% from 2.8%, while five-year expectations remained unchanged at 2.4%. Perceived inflation over the previous 12 months also declined to 3.5% from 3.6%. Consumers' expectations for economic growth over the next 12 months rose to -1.2% from -1.4% in June, indicating a slight improvement in sentiment. Additionally, expectations for nominal income growth over the next 12 months decreased to 1.0% from 1.1%, and expectations for mortgage interest rates in 12 months' time declined to 4.9% from 5.0%.
03:53
Johannes Loefstrand, a fund manager at T. Rowe Price Group who oversees about $300 million in frontier market assets, is “excited” about the prospects for Africa’s most populous nation. Nigeria’s NGX All-Share Index has outperformed all but one of the 92 benchmark indexes tracked by Bloomberg this year in dollar terms, trailing only South Korea’s Kospi Index.
03:38
Blockchain analytics firm Lookonchain monitored that Garrett Jin's (@GarrettBullish) 1,268 BTC ($97 million) long position, held for over 3 months, is now back in profit. The position was previously down over $22 million and is currently showing an unrealized profit of over $500,000 as Bitcoin continues to rise.
03:19
South Korean shares closed higher on Friday, with the benchmark KOSPI rising 60.37 points to 6,912.95. Investors pinned their hopes on large-scale shareholder return programs from the country's two biggest chipmakers, Samsung Electronics and SK Hynix. Additionally, the Korean won strengthened against the U.S. dollar.
03:16
Goldman Sachs Group is entering the Indian government's equity sale arena, a domain long exclusive to local financial giants. This marks Goldman Sachs' first underwriting of a government deal since 2022, and since a new round of divestments began in December last year, Goldman Sachs has participated as an advisor in 5 out of 10 major transactions, including the $3.3 billion sale of Life Insurance Corporation of India, which was India's largest secondary offering via stock exchanges.
03:09
Foreign investors net sold 31.7 trillion won (approximately $22.9 billion) worth of listed stocks in July, marking the seventh consecutive month of net selling, according to data released by South Korea's Financial Supervisory Service on Friday. Among them, British investors were the main sellers, while American investors maintained net buying. The selling was primarily concentrated in South Korea's main board market, Kospi.
03:03
Investors observed a reduction in US government debt held by Beijing, alongside an increase in US government bond yields.
02:15
Nigeria's Dangote Group has offered East African countries a 30% equity stake in a planned giant refinery for the region, according to Kenyan President William Ruto’s top economic adviser.

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