Philip Lagerkranser

Managing Editor at Bloomberg News

Opinions are my own, retweets aren't endorsements.

Articles

Germany’s Merz Wants to Create Europe’s Strongest Military

12 hours ago | bloomberg.com | Philip Lagerkranser

German Chancellor Friedrich Merz wants to create Europe’s most formidable conventional army as he seeks to counter the rising threat from Russia. “Our friends and partners also expect this from us, indeed, they practically demand it,” Merz told Bundestag lawmakers today. The plan is said to include raising the annual defense budget to more than €60 billion ($67.4 billion) this year and beyond, a more than 15% increase from 2024.
EU Moves Ahead With Plan to Phase Out Russian Gas

1 week ago | bloomberg.com | Philip Lagerkranser

The European Union appears poised to move ahead with plans to phase out Russian gas imports by the end of 2027. Earlier this year, the EU delayed releasing its “road map” for ending purchases of Russian fossil fuels to assess the impact of US efforts to end the war in Ukraine. EU officials plan to propose in June a ban on all gas purchases under new deals with Russia and existing spot contracts, which account for about a third of imports.
Euro-Zone Economy Quickens as Hit From Tariffs Approaches

2 weeks ago | bloomberg.com | Philip Lagerkranser

The euro-area economy expanded a better-than-expected 0.4% in the first quarter, although the impact of US trade tariffs have yet to be felt. Germany and France grew in line with expectations, while Italy did better than economists had forecast. But there are clouds on the horizon. Business surveys indicate a growth weakening amid uncertainty over US intentions.
Doubt Over Treasuries Is Bad for Everyone, Bundesbank’s Nagel Says

3 weeks ago | bloomberg.com | Philip Lagerkranser

A strong market for US Treasuries is in everyone’s interest, said Bundesbank President Joachim Nagel. “We need a good US Treasuries market,” he told Bloomberg Television today, even as some investors have turned to German bunds instead. Treasuries sold off this month as threats of steep US tariffs escalated, and as President Donald Trump attacked Fed Chair Jerome Powell for not cutting rates fast enough.
Tariffs Pave the Way for ECB Rate Cut This Week

1 month ago | bloomberg.com | Philip Lagerkranser

Higher US tariffs will drive euro-area inflation lower than previously forecast, bolstering the case for the European Central Bank to cut interest rates this week. Analysts also expect the economy to grow 0.8% this year, a slight downward revision, a survey showed. The survey, which doesn’t take into account US President Donald Trump’s decision to pause higher tariffs on much of the world, comes as the EU plans to send its trade chief to Washington to negotiate.
Tariff Fallout Spreads to Pharma, Banking Sectors

1 month ago | bloomberg.com | Philip Lagerkranser

The fallout from Donald Trump’s global trade tariffs continued, with pharmaceutical companies warning European Commission President Ursula von der Leyen of a potential exodus to the US. Regulators on the continent, meanwhile, are scrutinizing the liquidity of banks amid the turmoil. Trump has made clear that a European Union proposal to drop tariffs on all bilateral trade in industrial goods won’t be enough. That means a 20% US tariff on all EU imports will take effect tomorrow.
Trump’s Tariffs Shock Allies and Global Markets

1 month ago | bloomberg.com | Philip Lagerkranser

France and Germany are among countries pushing for a robust response to Donald Trump’s new tariffs, which ripped through global markets today. French President Emmanuel Macron believes the European Union should be ready to respond with options such as targeting US tech and services, we are told. EU deliberations came as stock markets tanked and investors reassessed growth prospects for economies hit by the steepest American tariffs in a century.
Erdogan on Collision Course With Protesters in Turkey

1 month ago | bloomberg.com | Philip Lagerkranser

Turkey’s President Recep Tayyip Erdogan adopted a tough stance as the main opposition party called for nationwide protests following the detention of his biggest political rival. The government won’t bow to “street terror” or disruption of public order, he said today in Istanbul. Thousands of people have taken to the streets in past days, defying a ban on protests after authorities detained Istanbul’s mayor Ekrem Imamoglu. Erdogan had previously sought to distance himself from the events.
Putin Seen Setting Peace Terms He Knows Ukraine Will Reject

2 months ago | bloomberg.com | Philip Lagerkranser

Vladimir Putin won’t compromise on demands on land, peacekeepers and Ukraine’s neutrality in any peace talks, Western security officials tell us. The Russian leader knows his price won’t acceptable to Ukrainians and other Europeans and is prepared to continue fighting, they added. The assessment clashes with US President Donald Trump’s stated view that he believes Putin wants peace.
比特幣和以太幣反彈此前宏觀經濟擔憂引發大規模拋售

2 months ago | hk.news.yahoo.com | Philip Lagerkranser

【彭博】-- 比特幣從四個月低點反彈，因美債殖利率下跌鼓勵一些交易員逢低買入受到近期風險資產拋售打擊的加密貨幣。倫敦時間09:30，比特幣上漲3%，至81,700美元左右，從亞洲交易時段的大幅下跌中反彈。此前跌至2023年10月以來最低點的以太幣也有所反彈。加密貨幣上漲之際，歐洲股市也多數走高。加密貨幣與其他風險資產此前一道受到拖累，因擔心美國總統唐納德·川普對其他國家的貿易關稅可能引發這個全球最大經濟體的經濟低迷。川普本人警告稱，美國人可能會感受到他的政策帶來的「一點干擾」。「這波避險情緒推動10年期美債殖利率下跌約60個基點，並削弱了美元 —— 這對於美國股票和加密貨幣等以美元計價的風險資產來說是一個歷史性的利好因素，」QCP Capital周二在報告中表示。在3月7日在華盛頓與行業高管舉行的一場加密貨幣峰會前夕，川普下令建立美國比特幣儲備並其他數位資產庫存，但最終幾乎沒有提振市場情緒。該命令授權財政部和商務部制定「預算中性策略」來購買更多比特幣，這意味著政府不會購買額外的加密貨幣用於儲備。「市場目前似乎對儲備聲明做出了負面反應，」家族理財室Evergreen...