Bloomberg Intelligence

#FinancialModelFriday, earnings season addition: Bloomberg's MODL <GO> function is a great way to prepare for and analyze earnings by gauging expectations, comparing reported values to deep estimates ... … and activating the Bloomberg Interactive Calculator, a consensus-based #financialmodel, to test scenarios 💡 Bloomberg Intelligence.

Saudi Arabian companies have announced deals to acquire stakes in Chinese firms, such as Lenovo and Hengli Petrochemical, while #China is promising to build factories in the region. How will closer ties between China and the #GCC create investment opportunities? Can China help transform #SaudiArabia's economy through its ambitious 2030 vision? And how will US-China tension impact this relationship? Ziad Daoud, Chief EM Economist, and Edmond C., Senior Financials Analyst, at Bloomberg join host John Lee on the Asia Centric podcast. Listen on: Spotify: https://lnkd.in/gGpSbURF Apple Podcasts: https://lnkd.in/g3KCnqPs Bloomberg Terminal: https://lnkd.in/guisJzCj

The 100 year-old US Auto Dealership sector is facing some formidable challenges, with new vehicle inventory surging to 3 million units and pricing softening. Pure-play EV builders and foreign brands, are unlikely to save the profit pool according to Kevin Tynan, senior automobiles analyst. #autodealers #automotive #autonation

We at Bloomberg Intelligence are excited to announce our next "Votes and Verdicts" podcast where Elliott Stein and I spoke with Florida Bankers Association President and CEO -- and former CFPB Director -- Kathy Kraninger. Topics included the Basel III Endgame, CFPB independence and cryptocurrencies. Apple: https://lnkd.in/eCWbkQfj Spotify: https://lnkd.in/eA5E8Fns

The adoption of Portfolio Trading in corporate bond space continues at pace as it more than doubled in size over the past year. In six years, it went from a little-used trading protocol at the cross of #ETF and #corporatebonds to now nearly 10% of Investment Grade and 6% of High Yield trading in the US. It now turns about $100bn a month (see below) What's the average notional size? How many line items? For what uses? Read on the terminal - https://lnkd.in/eaq2HZ54 - and make sure to visit BI MKTSG <go> on the terminal for more Market Structure insights. #fixedincome #portfoliomanagement #bondtrading

Owner-operators continue to face a weak truckload market plagued by lower demand and freight rates, according to the latest Bloomberg Intelligence/Truckstop survey. We've seen increasing bearishness among respondents about demand and rates over the next 3-6 months. Lee Klaskow, senior transportation analyst, is more optimistic than the 66% of survey respondents who say the bottom is yet to come for the spot market. Tightening will likely continue on a combination of supply leaving the market and better demand dynamics. https://lnkd.in/eBicwpNa #trucks #transportation #freight

Great insights from Brian Egger, Head of Financial Modeling as we prepare for the kick-off of 2Q earnings season. The aggregated sellside analyst earnings projection for EPS to rise 12.4% over the next 12 months vs. BI's macro model's implied 1.9% gain, makes this an important earnings season. #earnings #reportingseason #financialmodeling

Our 2H24 US #Credit Outlooks lay out the Best- And Worst-Positioned Sectors. Its bottom-up and its comprehensive. They highlight our expectations for fundamentals, primary issuance and relative value for the next 6-12 months. From bank preferreds and BDCs, to stressed TMT, shareholder-rewarding tech and inventory-heavy automakers, amongst others. Each sector outlook includes a short video summary. If you have a terminal, feel free to reach out to the analysts to go deeper into detail, only an IB away. Read on the terminal here -https://lnkd.in/ezBTDzFc #fixedincome #portfoliomanagement #investmentgrade #highyield

📊 CAC 40 update 📊 French equities are likely to face pressure -- even in the case of a hung parliament -- after the Nouveau Front Populaire came out on top in a second round of parliamentary elections. Its fiscal expansion and anti-business program should push the French-German yield spread back toward 80-85 basis points and weigh on all companies with a large exposure to France. More on Bloomberg Intelligence at https://lnkd.in/eam3Wief #EquityStrategy #FinancialAnalysis #stocks #investing

💤🗳📈Predictability might play its role in reducing UK risk-premia across the board, especially considering "les alternatifs". A few charts and articles to mull on for the weekend: 🏧 Gilts: John Authers column this morning flags 4 historical examples of how debt markets exert decisive influence over voters choices and governments. Recency bias might be on our side. Read here - https://lnkd.in/ek9j6gq4 💷 FX: Combo of EU conciliatory approach, pledges of fiscal prudence and #stability should increase GBP's appeal. Economic performance as surprised and an August cut not likely to be a game-changer though feasible (~68%). Read here - https://lnkd.in/e8fBeGpV - and make sure to follow Audrey Childe-Freeman for G10 FX. 💳 Credit: Sterling spreads slower recovery in 1H should improve in the 2H with BOE cuts, #stability and a gilt rally. Has higher carry and duration and premium to gilts still comparably decent. Quality has been averaged down by rising stars. Read here - https://lnkd.in/enE2_7zy - and follow Mahesh Bhimalingam for Credit Strategy. ✌ Volatility: this chart comparing 2003 vs 2014 ISDA definitions of sovereign CDS as a way to measure Frexit risk does take me back. More lenses to measure exit-risk here - https://lnkd.in/ecDYrYw7 Ending the week with France 10y spreads in the 65bps, down from over 80bps at wides. We are hosting a Global Rates webinar on Wednesday 10th covering ECB, BoE, Fed and BoJ which should be useful. Register here - https://lnkd.in/eDGUx9iY Follow Bloomberg Intelligence for more. Have a good weekend, Renato #fixedincome #credit #fx #rates #gilts