US, Japan Warn of More Yen Action If Needed; Oil Falls on US-Iran Optimism |Bloomberg Brief 08/03/26
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The yen swings after US and Japanese officials signal they are committed to defending the currency following their first joint intervention in 15 years. Oil falls after President Trump called off military strikes in the Middle East and said US-Iran talks are set to resume. Rebecca Walser of Walser Wealth Management discusses the implications of Fed Chair Warsh mulling changes to the frequency and timing of Fed meetings. Massimo Battaini, CEO of Prysmian, discusses the company's all-cash deal to acquire US electrical parts manufacturer Atkore, in an exclusive interview. Chapters: 00:00:00 - Bloomberg Brief Begins, Opening Headlines: Yen Intervention, Oil Drops & Fed Changes 00:00:53 - Global Market Check: Asia Markets: Yen Surge, BOJ Expectations & Alibaba AI Boost 00:02:21 - Europe Markets: Oil Decline, Bond Rally & Currency Moves 00:04:25 - First Look Movers: AstraZeneca, Bristol-Myers, Atkore & Ferguson 00:06:20 - US-Japan Joint Yen Intervention Explained, Will Yen Interventi
Tags: Abeer Abu Omar, Alice French, Alister Bull, Ashleigh Furlong, Atkore, BOJ, Bristol Myers, Chloe Meley, Donald Trump, Federal Reserve, Ferguson Enterprises, Geopolitics, Iran, Japanese yen, Justina Lee, Kevin Warsh, Massimo Battaini, Policy meetings, Prysmian S.p.A., Rebecca Walser
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