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Japan’s two-year government bond auction on Thursday drew the strongest demand since August 2024, supported by higher yields and expectations that the Bank of Japan may not rush into further interest rate hikes.
Source
Bloomberg Markets
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The results come as top European original equipment manufacturers (OEMs) navigate several industry headwinds.
The war in the Middle East has left Asian buyers grappling with a two-speed diesel economy, as poorer states face acute shortfalls, while wealthier nations with large refining industries enjoy sizable buffers.
The BNP Paribas CFO cited a ‘wait-and-see’ attitude from corporates in the first-quarter, and argued he took provisions against the macroeconomic uncertainties. That’s after France’s largest bank reported net income that beat estimates in the first quarter, driven by a strong performance in equities trading. The CFO Lars Machenil spoke exclusively to Bloomberg Television on the ‘Opening Trade’. (Source: Bloomberg)
Unilever Plc’s sales rose more than expected as consumers in emerging markets including India snapped up its cleaning products and Dove soap, offsetting lackluster demand in the US.
