Signs of labor-market strength drove stocks to all-time highs, bolstering speculation that the world’s largest economy remains resilient in the face of an energy shock triggered by the Iran war.
Bets that solid growth will keep powering earnings sent the S&P 500 to its sixth straight weekly advance. A revival of the artificial-intelligence trade fueled an 11% jump in a gauge of chipmakers since last Friday. Oil notched a slide for the week. The US and Iran are working with mediators to formulate a memorandum of understanding that would set the parameters for a month of talks to end the war, the Wall Street Journal reported. Christel Rendu de Lint, co-CEO at Vontobel joins to discuss.
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Bets that solid growth will keep powering earnings sent the S&P 500 to its sixth straight weekly advance. A revival of the artificial-intelligence trade fueled an 11% jump in a gauge of chipmakers since last Friday. Oil notched a slide for the week. The US and Iran are working with mediators to formulate a memorandum of understanding that would set the parameters for a month of talks to end the war, the Wall Street Journal reported. Christel Rendu de Lint, co-CEO at Vontobel joins to discuss.
--------
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
Saturday & Sunday 7am-10am ET
WATCH HERE: http://bit.ly/3vTiACF
Follow us on X: https://twitter.com/BloombergRadio
Subscribe to our Podcasts:
Bloomberg Daybreak: http://bit.ly/3DWYoAN
Bloomberg Surveillance: http://bit.ly/3OPtReI
Bloomberg Intelligence: http://bit.ly/3YrBfOi
Balance of Power: http://bit.ly/3OO8eLC
Bloomberg Businessweek: http://bit.ly/3IPl60i
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay: https://apple.co/486mghI
Android Auto: https://bit.ly/49benZy
Visit our YouTube channels:
Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts
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Bloomberg Originals: https://www.youtube.com/bloomberg
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