Most Read on Bloomberg: Draghi on Deflation, Lean Banker Bonusesby
The most-read Bloomberg News reports from the past week are listed below. The rankings below are based on daily statistics through March 11. See NI READSUMS for previous lists.
1. Draghi Attacks Deflation With Rate Cuts That May Be Done for Now
(Bloomberg) -- Mario Draghi delivered interest-rate cuts, more bond purchases and a potential subsidy to lenders in a renewed attack against the threat of deflation, before whipsawing the euro by saying the European Central Bank is done with lowering borrowing costs for now.
2. Euro Rallies as ECB Stimulus Fails to Steady Stocks; Crude Drops
(Bloomberg) -- For global financial markets, central-bank stimulus just isn’t what it used to be.
3. Wall Street Bankers’ Average Bonus Falls by Most Since 2011
(Bloomberg) -- Wall Street’s average bonus fell 9 percent to $146,200 in 2015, the biggest drop since 2011, according to estimates by New York State Comptroller Thomas DiNapoli.
4. China Reality Check Halts Stock Rally While Treasuries, Yen Rise
(Bloomberg) -- Global stocks fell as data showing a slump in Chinese exports spurred losses among metals and brought a five-day equity rally to a halt. Treasuries, the yen and Japanese government bonds climbed amid demand for haven investments.
5. U.S. Stocks Climb a Fifth Day as Crude Drives Commodities Rally
(Bloomberg) -- U.S. stocks erased losses, eking out their longest run of daily gains in five months amid speculation Chinese stimulus efforts will boost demand for natural resources, helping push Brent crude oil above $40 a barrel for the first time since December.
6. Ex-Goldman Banker to 1MDB Fund Said Subpoenaed in U.S. Probe
(Bloomberg) -- A former Goldman Sachs Group Inc. banker has become entangled in a sprawling investigation of the Malaysian state investment fund as U.S. authorities turn to him for information.
7. U.S. Stocks Rally With Commodities on Stimulus Bets; Bonds Fall
(Bloomberg) -- Riskier assets from stocks to commodities and emerging-market currencies surged as traders warmed to an unprecedented policy boost from the European Central Bank.
8. Best Junk Bond Manager of Decade Says Recession Fears Overdone
(Bloomberg) -- Mark Notkin expected the rebound in high-yield bonds. The earlier plunge in the first part of the year is what didn’t make sense to him.
9. JPMorgan, Goldman Said to Discuss Buying Deutsche Bank Swaps
(Bloomberg) -- Deutsche Bank AG, the lender exiting some trading operations, is in talks with JPMorgan Chase & Co., Goldman Sachs Group Inc. and Citigroup Inc. to sell the last batches of about 1 trillion euros ($1.1 trillion) in complex financial instruments, people with knowledge of the matter said.
10. World’s Biggest Bond Traders Give Themselves No Margin of Safety
(Bloomberg) -- The world’s biggest bond investors are leaving themselves with almost no room for error.
1. The 2016 Election Risk I Will Not Take: Michael R. Bloomberg
(Bloomberg View) -- Americans today face a profound challenge to preserve our common values and national promise.
2. In Donald Trump, Chinese See the Ultimate ‘Fuerdai’: Adam Minter
(Bloomberg View) -- Around the time that polls were closing on Super Tuesday in the U.S., Communist Party news outlets in China began syndicating a 15-image slideshow: "The Erratic Trump is Actually a Winner in Life."
3. Hold the Outrage on Sharapova’s Doping Case: Kavitha Davidson
(Bloomberg View) -- Russian tennis star Maria Sharapova, the world’s highest-paid female athlete, announced on Monday that she had failed a drug test at the Australian Open earlier this year, testing positive for meldonium.
4. Trump Is Too Poor to Stage a Third-Party Run: Megan McArdle
(Bloomberg View) -- Donald Trump is not going to run as a third-party presidential candidate, even if he’s denied the Republican nomination.
5. It’s Really Time to Stop Bashing Wall Street: Matthew Winkler
(Bloomberg View) -- There’s a perverse competition among some U.S. presidential candidates: Who can most loudly blame Wall Street for the problems of Main Street. They’ve got it wrong. Financial firms are doing more to help consumers, business and industry in America than they have in decades. And for the first time since the early years of the 21st century, global investors consider U.S. banks among the world’s best.
1. Draghi Speaks at ECB Six-Weekly News Conference
(Bloomberg) -- European Central Bank President Mario Draghi speaks at the ECB’s six-weekly news conference in Frankfurt about the Governing Council’s decision to deliver interest-rate cuts, more bond purchases and a potential subsidy to lenders in a renewed attack against the threat of deflation.
2. BOE’s Carney Testifies on U.K.’s EU Membership
(Bloomberg) -- Bank of England Governor Mark Carney testifies before the U.K. Treasury Select Committee in London on the costs and benefits of Britain’s membership of the European Union.
3. Nasdaq Executives Discuss ISE Buy
(Bloomberg) -- Nasdaq Inc. executives speak on a Webcast about the about the acquisition of Deutsche Boerse AG’s International Securities Exchange for $1.1 billion.
4. Fed’s Fischer Speaks: Macroeconomics
(Bloomberg) -- Federal Reserve Vice Chairman Stanley Fischer speaks about inflation and the outlook for the economy. He speaks at a National Association of Business Economics meeting in Washington. (Source: Bloomberg)
5. RBNZ’s Wheeler Discusses Policy, Economy
(Bloomberg) -- Reserve Bank of New Zealand Governor Graeme Wheeler talks about policy and the nation’s economy at a press briefing. The central bank unexpectedly cut interest rates to a fresh record low and signaled further easing may be needed, saying it’s concerned by a slump in inflation expectations.
--With assistance from Todd McEvoy in New York.