Bloomberg Jefferies Financial Group Inc strategists turned bullish on Chinese stocks, saying they’re due for a rebound after getting hammered by a year of regulatory crackdowns and a slowing economy. After being underweight on Chinese equities for most of 2021, “the case for a mean-reversion led bounce is building,” Jefferies strategists including Desh Peramunetilleke wrote in a January 17 …

  Bloomberg Most stocks fall on Tuesday amid a jump in global bond yields as investors girded for the removal of central bank support to quell high inflation. Europe’s Stoxx 600 Index declined, with energy the only sector to advance. US equity futures slipped before the market reopens later from a holiday. Asian shares struggled. Treasuries dropped across the curve, …

  Bloomberg European natural gas prices fell, tracking Asian contracts lower, while Russia offered little clarity on volumes it plans to send to the continent next month. Gas giant Gazprom PJSC again opted not to book any extra pipeline space to ship the fuel westward through Ukraine during a monthly auction on Monday. In addition, Russia didn’t book any capacity …

  Bloomberg Power prices for Monday evening in the UK surged to the highest in a month as supplies are poised to drop with very little wind forecast. The contract for the hour through 6 p.m. London time jumped to $1,589 a megawatt-hour, the highest since December 16 on the N2EX exchange. At the same time, wind output is forecast …

  Bloomberg US aviation regulators granted approvals that will allow some jetliners to operate within zones where new 5G wireless services are set to begin Wednesday, significantly reducing the potential impact on flight schedules. The Federal Aviation Administration said airline manufacturers had shown that the mobile-phone signals won’t cause interference with critical aircraft equipment on certain Airbus SE and Boeing …

  Bloomberg A new Hong Kong-based airline with ties to Beijing is considering ordering up to 30 narrow-body jets from either Boeing Co or Airbus SE as it tries to establish itself in a market dominated by Cathay Pacific Airways Ltd. Greater Bay Airlines, which is awaiting final approval to operate commercial passenger flights out of Hong Kong, is assessing …

  Bloomberg The airline industry needs aggressive action if it is to meet its emissions reduction targets by 2050, according to a trade group that represents some of the world’s top airline leasing companies. Aircraft Leasing Ireland supports the pledge made by the airline industry to achieve net zero carbon emissions by 2050, as approved by the International Air Transport …

Bloomberg The jet fuel market is soaring in Europe as global air traffic withstands the impact of the Omicron virus strain. One of the fuel’s most important market metrics, its differential to diesel, on Friday surged to its highest since September 2019 — long before Covid-19 decimated the continent’s aviation industry. “We’re tight supply everywhere,” said Mark Williams, an oil …

  Bloomberg Andrew Robb, former chief operating officer of New York-listed fashion company Farfetch Ltd, is among the candidates being considered to lead Asos Plc, Sky News reported. Former Asos CEO Nick Beighton stepped down in October. Asos declined to comment to Sky, and Robb couldn’t be reached by Sky for comment. Last week, Asos announced a plan to move …

  Bloomberg Walmart Inc is preparing to create its own cryptocurrency and collection of non-fungible tokens, filings with the US Patent and Trademark Office show, setting the stage for meeting its customers in the emerging metaverse. The retailer sought several new trademarks in December that show it intends to make and sell virtual goods such as electronics, decor, toys, sporting …