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Business activity in the euro area unexpectedly shrank for the first time since late 2024 due to a steep drop in the services sector as the Iran war weighs on consumers. Bloomberg's Zoe Schneeweiss reports. (Source: Bloomberg)
Source
Bloomberg Markets
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Gulf oil and gas producers are scrambling to explore alternative routes to get their energy exports out of the Middle East.
Blackstone Inc. reported a larger-than-expected jump in distributable earnings, boosted by a robust start to dealmaking before the war in Iran rattled investors. With US markets rising and AI ventures preparing to go public, President Jon Gray predicted the firm’s “best year ever” for stock listings.
Milton Berg offers plenty of reasons why the stock market continues to build on the bottom it saw a year ago.
Arnault warned of "very serious" economic consequences of the Iran war after the conflict hit the luxury conglomerates first-quarter sales last week.
