Most Read on Bloomberg: Blackrock, Stocks, Pimco Adviser, Trumpby
The most-read Bloomberg News reports from the past week are listed below.
The rankings below are based on daily statistics through Feb. 26.
See NI READSUMS for previous lists.
1. BlackRock Warns Bond Traders They’re Underestimating the Fed
(Bloomberg) -- BlackRock Inc., the world’s biggest money manager, is warning bond investors they’re not prepared for the Federal Reserve to raise interest rates.
2. U.S. Stocks Reverse Losses as Oil Stabilizes; Treasuries Decline
(Bloomberg) -- Equities in the U.S. rose, with indexes recovering from drops of more than 1 percent as crude oil prices steadied around $32 a barrel, while Treasuries reversed gains as demand for some haven assets abated.
3. Global Shares Rally With Crude While ‘Brexit’ Tussle Hits Pound
(Bloomberg) -- Stocks across the globe rallied, with the Standard & Poor’s 500 Index extending gains following its best week of 2016, as oil and metals advanced. Treasuries, gold and the yen declined amid reduced demand for haven assets.
4. U.S. Stocks Fuel Global Retreat on Oil Slump, China; Gold Climbs
(Bloomberg) -- Investors got a reminder on Tuesday of their vulnerability to old threats, as China’s management of its currency and a selloff in oil jarred equity markets and spurred demand for haven assets.
5. Pimco Adviser Sees ‘Trade of a Decade’ in Emerging Markets
(Bloomberg) -- Emerging-market assets are so cheap that they may be “the trade of a decade,” according to Research Affiliates LLC, a sub-adviser to Pacific Investment Management Co., one of the world’s biggest money managers.
6. U.S. Stocks Rally to January Levels Amid Oil Bounce; Bonds Climb
(Bloomberg) -- U.S. stocks rose, pushing the Standard & Poor’s 500 Index to levels last seen at the start of the year, amid speculation anxiety in global financial markets is abating after a rout in China failed to spread. Oil climbed above $33 a barrel, while Treasuries also rose.
7. Ex-Deutsche Bank Trader Zhou Admitted to Mismarking CMBS Trades
(Bloomberg) -- Former Deutsche Bank AG trader Arnie Zhou admitted to his supervisor at the bank that he was responsible for inaccurate valuations tied to bonds backed by commercial mortgages, according to a regulatory filing.
8. JPMorgan’s ‘London Whale’ Surfaces to Say ’12 Loss Not His Fault
(Bloomberg) -- Bruno Iksil, the former JPMorgan Chase & Co. trader who became known as the “London Whale” as his unit began generating more than $6.2 billion in losses in 2012, surfaced on Monday to say he isn’t responsible for the debacle.
9. These Hedge Funds Made Money Last Year. Now They’re Hiring
(Bloomberg) -- Izzy Englander’s $34 billion Millennium Management is planning a contrarian move this year in an industry that’s struggling with investment losses and client redemptions: It’s ramping up hiring.
10. Trump’s Decisive Nevada Win Pushes Him Nearer to Nomination
(Bloomberg) -- Donald Trump’s dominating victory in the Nevada caucuses pushes him further out ahead of his nearest competitors for the Republican presidential nomination, giving his unorthodox candidacy a major boost heading into Super Tuesday contests next week.
1. Trump’s Debate Disaster, If Voters Notice: Jonathan Bernstein
(Bloomberg View) -- Donald Trump is better at TV than anyone else who has ever appeared in presidential debates. Much better.
2. Market Calm May Be Only a Brief Reprieve: Mohamed A. El-Erian
(Bloomberg View) -- Last week, global equity investors got a much-needed reprieve from volatile, loss-inflicting markets. But rather than signaling the start of a calmer market phase, this may well prove a prelude to renewed volatility in the weeks ahead.
3. Cruz Isn’t Out, and Rubio Isn’t a Shoo-In: Albert R. Hunt
(Bloomberg View) -- Donald Trump’s big win in Nevada, with Marco Rubio pulling even with or just ahead of Ted Cruz, fuels the conventional wisdom that the Republican presidential contest is now down to a two-man race. However, this year the conventional wisdom has been consistently wrong.
4. ‘Flash Boys’ Exchange Isn’t About the Little Guy: Matt Levine
(Bloomberg View) -- I may be reading too much into this, but I have a hunch that IEX has made Citadel angry. Ever since it launched, IEX has brazenly sought to appeal directly to retail investors.
5. John D. Rockefeller Was Way Richer Than You Are: Barry Ritholtz
(Bloomberg View) -- Today’s discussion involves a visit to the here-we-go-again files. The website Cafe Hayek, in a post titled "Most Ordinary Americans in 2016 Are Richer Than Was John D. Rockefeller in 1916," asks a seemingly simple question: What is the minimum amount of money that you would demand in exchange for going back to live as John D. Rockefeller did in 1916?
1. Cameron Addresses Parliament on EU Referendum
(Bloomberg) -- U.K. Prime Minister David Cameron speaks in the House of Commons in London about the June 23 referendum on Britain’s membership in the European Union.
2. BOE’s Carney Testifies to Treasury Committee
(Bloomberg) -- Bank of England Governor Mark Carney speaks before the U.K. Treasury Select Committee in London on the bank’s inflation report. BOE policy makers Gertjan Vlieghe, Minouche Shafik and Martin Weale also comment.
3. HSBC’s Gulliver, Flint Speak on Annual Results
(Bloomberg) -- HSBC Holdings Plc Chairman Douglas Flint, Chief Executive Officer Stuart Gulliver and Group Finance Director Ian Mackay present the bank’s annual results.
4. Dimon, Others Speak at JPM Investor Day
(Bloomberg) -- Jamie Dimon, chief executive officer of JPMorgan Chase & Co., and members of the executive management team speak at the bank’s investor day
5. Gordhan Delivers South Africa Budget in Cape Town
(Bloomberg) -- South African Finance Minister Pravin Gordhan delivers the national budget in parliament in Cape Town.
--With assistance from Todd McEvoy in New York.
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