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Joumanna Bercetche

@joumanna.bsky.social
4.9K followers 223 following 563 posts

Bloomberg TV anchor & journalist in Dubai. Reformed banker… once upon a time a central bank nerd. I will post about the Mideast & economics / global markets but mostly here for the bants

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Reposted by Joumanna Bercetche
David Gura @davidgura.bsky.social · 17/06/2025
The G7 leaders have agreed to a statement on recent developments between Israel and Iran:
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Joumanna Bercetche @joumanna.bsky.social · 13/06/2025
‼️Major Mideast Escalation as Israel strikes Iranian nuclear facilities,takes out 2 senior Iranian commanders (head of IRGC & chief of staff of armed forces),warns more strikes will come Iran vows crushing response Oil was +10% now +7% as Iran says oil infra damage is limited
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Joumanna Bercetche @joumanna.bsky.social · 06/06/2025
Who needs White Lotus when there’s Musk POTUS
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Reposted by Joumanna Bercetche
David Gura @davidgura.bsky.social · 06/06/2025
how it started vs. how it’s going
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Joumanna Bercetche @joumanna.bsky.social · 04/06/2025
Betting against S&P 500 futures every time Trump escalated trade rhetoric and buying them five days later would have yielded 12% since the beginning of February- Nomura strategist Charlie McElligott
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Joumanna Bercetche @joumanna.bsky.social · 31/05/2025
Came with a chainsaw , left with a black eye - Elon Musk’s political career
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Joumanna Bercetche @joumanna.bsky.social · 18/05/2025
I think he said thank you
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Joumanna Bercetche @joumanna.bsky.social · 14/05/2025
Good morning. Back for Day 2 in Riyadh! On today’s agenda 10am local : GCC leaders family photo 10.15am: GCC plenary session . MBS opens with remarks then Trump speaks again
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Reposted by Joumanna Bercetche
Ryan Bohl @ryanbohl.bsky.social · 13/05/2025
Notably, Trump didn't demand Syria normalize with Israel to get out from under sanctions. That would be an impossible task at the moment, but it was something that might have been expected, given how Trump managed the lifting of Sudanese sanctions in 2020 during the Abraham Accords.
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Joumanna Bercetche @joumanna.bsky.social · 13/05/2025
Everyone thought this trip was going to be mainly a dealmaking trip Trump just delivered a hugely significant geopolitical speech that has very clearly outlined this administration’s goals and hopes in the region. “The birth of a new Mideast”
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Joumanna Bercetche @joumanna.bsky.social · 13/05/2025
US secured $600bn in commitments from Saudi Arabia * this is the same figure MBS and Trump spoke about in January after their phone call
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Joumanna Bercetche @joumanna.bsky.social · 13/05/2025
Trump wants a trillion-dollar show of friendship from Saudi Arabia — but MBS’s massive spending spree at home makes that difficult www.bloomberg.com/news/feature...
bloomberg.com
Trump Faces $2 Trillion Hurdle to Win Money From Saudi Prince
US President Donald Trump’s hopes of securing as much as $1 trillion in investment commitments from Saudi Arabia might clash with another costly ambition - transforming the kingdom’s own economy.
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Joumanna Bercetche @joumanna.bsky.social · 13/05/2025
Historic greeting Crown Prince MBS and President Trump’s handshake in Riyadh No awkward fist bumps today
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Joumanna Bercetche @joumanna.bsky.social · 13/05/2025
Bessent in Riyadh,fresh from Geneva “new mechanism with China will avoid new escalation. We have a very good framework. Both sides agreed we don’t want generalized decoupling between the 2 largest econs in the world. US will decouple in strategic industries” #SaudiUSForum2025
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Joumanna Bercetche @joumanna.bsky.social · 12/05/2025
How is it only Monday? Today’s news - US China major trade breakthrough - India Pakistan truce - Zelenskyy in Turkey on Thursday for truce talks. Will Putin join? - Trump gets offered a jet as a gift / loan by Qatari royal family - Trump signs Exec Order to lower pharma prices
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Joumanna Bercetche @joumanna.bsky.social · 12/05/2025
A big win for Trump - also note this was negotiated directly with Hamas officials sidelining Israeli gov Hamas says it released Israeli-American hostage Edan Alexander - www.reuters.com/world/middle...
reuters.com
Hamas says it released Israeli-American hostage Edan Alexander
Hamas has released Israeli-American hostage Edan Alexander on Monday, the group said, paving the way for a possible return to ceasefire talks for the war-torn enclave.
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Joumanna Bercetche @joumanna.bsky.social · 12/05/2025
US odds of a recession have dropped from 65% to 44% (and will likely edge even lower after today's US China news). Data is with 24h lag Source: Polymarket
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Joumanna Bercetche @joumanna.bsky.social · 12/05/2025
BREAKING The US is cutting levies on Chinese goods to 30% from 145% for 90 days. China is lowering its levies on US goods to 10% from 125% for the same time period.
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Joumanna Bercetche @joumanna.bsky.social · 12/05/2025
Good morning ! صباح الخير! ‎Live in Riyadh today and tracking Trump’s visit through the GCC all week ‎Today talking through what’s on the agenda : diplomacy, deals and a controversial (potential) Qatari Boeing gift
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Joumanna Bercetche @joumanna.bsky.social · 11/05/2025
I asked the Saudi taxi driver what he thinks of President Trump’s visit this week He responded : هذا يبغى فلوس Meaning : this guy wants money 🫠🫠
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Joumanna Bercetche @joumanna.bsky.social · 11/05/2025
A post on Saudi’s finances below www.linkedin.com/posts/jouman...
linkedin.com
Saudi Arabia: finances and Aramco earnings On my way to Riyadh for a… | Joumanna Bercetche
Saudi Arabia: finances and Aramco earnings On my way to Riyadh for a pivotal week in the region as Trump makes his way here. Two developments in Saudi Arabia’s economy to note: - Aramco earnings ...
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Joumanna Bercetche @joumanna.bsky.social · 11/05/2025
“A very good meeting today with China, in Switzerland,” Trump said in a post on Truth Social. “Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner.“ www.bloomberg.com/news/article...
bloomberg.com
Trump Hails Progress After First Day of US-China Trade Talks
Senior US and Chinese negotiators spent hours behind closed doors in Switzerland on Saturday as they held high-stakes talks that offer the clearest opportunity yet for the two countries to de-escalate...
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Reposted by Joumanna Bercetche
Gregg Carlstrom @glcarlstrom.bsky.social · 11/05/2025
Life in Gaza two-and-a-half months into an Israeli blockade: people are killing horses, butchering wild rabbits, boiling weeds and scouring the shore for turtles to get something to eat. Livestock are already dead and most of Gaza's farmland is barren. www.ft.com/content/48dc...
ft.com
Gaza’s farmers and fishermen eat weeds and turtles as food runs out
Attacks on agriculture exacerbate desperate shortages and enclave’s slide towards famine
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Joumanna Bercetche @joumanna.bsky.social · 09/05/2025
Trump’s Scant UK Deal Shows Limits of Frenzied Trade Strategy "As the president began revealing specifics of the deal,it became clear it fell short of the full and comprehensive agreement he had promised,or the US-UK free-trade pact he pursued during his first term" www.bloomberg.com/news/article...
bloomberg.com
Trump's UK Trade Deal Leaves Key Issues Unresolved
President Donald Trump pitched his trade framework with the UK as a historic achievement, and the first step in his revolutionary effort to overhaul the global economy.
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Reposted by Joumanna Bercetche
Rachel Ziemba @reziemba.bsky.social · 08/05/2025
UK-US deal- So its a deal to have a deal. Seems to include -streamlining US goods in UK customs - maximum levels (quotas for duty free access) for some items subject to sectoral tariffs. -agreement to keep talking Both countries looking to announce a deal. Terms useful as cues for others
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Reposted by Joumanna Bercetche
Ariel Edwards-Levy @aedwardslevy.bsky.social · 08/05/2025
filling time on air until the new pope is announced is known as "pontiffication"
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Joumanna Bercetche @joumanna.bsky.social · 08/05/2025
Tough to keep track but in the past 12h, Trump has: - teased big trade deal announcement at 10am ET (NYT saying it's UK) - said he wouldn't consider lowering145% tariff on China to start trade talks - On Gaza "we'll know something in the next 24h" - Houthis "we had good outcome"
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Joumanna Bercetche @joumanna.bsky.social · 07/05/2025
China: PBOC cut the policy rate by 10bps and RRR by 50bps BBG Economics: "Using our in-house model SHOK, we estimate the cuts to the policy rate and RRR could lift GDP growth by as much as 0.8-1 percentage point over the four quarters through 1Q26." "This is a powerful signal"
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Joumanna Bercetche @joumanna.bsky.social · 06/05/2025
Carney has definitely gone for the flattery approach (that tends to work!)
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Joumanna Bercetche @joumanna.bsky.social · 06/05/2025
Trump teases a VERY VERY BIG ANNOUNCEMENT he will make towards end of this week (Into and before his Mideast trip)
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Joumanna Bercetche @joumanna.bsky.social · 06/05/2025
Today was Friedrich Merz’s worst and best day ever
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Joumanna Bercetche @joumanna.bsky.social · 06/05/2025
Woaaaah Merz fails to be elected chancellor by German parliament - www.reuters.com/world/europe...
reuters.com
Merz fails to be elected chancellor by German parliament
German conservative leader Friedrich Merz failed to garner the parliamentary majority needed to become chancellor on Tuesday in an unexpected setback for his new coalition with the centre-left Social Democrats.
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Reposted by Joumanna Bercetche
Ziad Daoud @ziaddaoud.bsky.social · 05/05/2025
A Houthi missile evaded Israel air defense & struck near its main airport on Sunday Israel says a technical issue caused the failure to intercept the missile Weeks of US airstrikes in Yemen have failed to stop Houthi missiles on Israel www.bloomberg.com/news/article...
bloomberg.com
Israel Fails to Intercept Houthi Missile, Vows Harsh Response
Israel vowed a harsh response after a missile launched by Houthi militants in Yemen thwarted its aerial defenses and struck near the country’s main airport.
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Joumanna Bercetche @joumanna.bsky.social · 05/05/2025
Stat du jour: Taiwan has a huge pile of overseas assets amounting to $1.7tn, much of it in the form of US bonds — including Treasuries and corporate debt — held by its life insurers. (FT)
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Joumanna Bercetche @joumanna.bsky.social · 03/05/2025
Now Trump the first US President in history to also lose an Australian election
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Joumanna Bercetche @joumanna.bsky.social · 03/05/2025
OPEC+ agreed to boost oil production further in June, according to delegates, potentially deepening the slump in crude prices. Key nations led by Saudi Arabia and Russia agreed on to add 411,000 barrels a day next month, the delegates said www.bloomberg.com/news/article...
bloomberg.com
OPEC+ Agrees Another Oil Supply Surge for June, Delegates Say
OPEC+ agreed on another output surge in June, accelerating a revival of supply for a second month as the group’s leaders seek to chastise overproducing members in a strategy shift that has already sen...
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Joumanna Bercetche @joumanna.bsky.social · 02/05/2025
Small-value packages shipped to the US from China will no longer be exempted from tariffs starting Friday, when President Donald Trump’s move against an exception he called a “big scam” takes effect. www.bloomberg.com/news/article...
bloomberg.com
China Shipping Loophole Closed by Trump, Raising Prices for US Consumers
Small-value packages shipped to the US from China will no longer be exempted from tariffs starting Friday, when President Donald Trump’s move against an exception he called a “big scam” takes effect.
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Joumanna Bercetche @joumanna.bsky.social · 02/05/2025
Interesting that despite stabilization in risky assets, prediction odds of a US recession keep rising Polymarket odds of recession in 2025: 66%
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Joumanna Bercetche @joumanna.bsky.social · 01/05/2025
The US is weighing a potential easing of restrictions on Nvidia sales to the United Arab Emirates, according to people familiar with the matter, who said President Trump could announce the start of work on a bilateral chip deal during his upcoming trip to the Gulf www.bloomberg.com/news/article...
bloomberg.com
US Weighs Easing Nvidia Chip Curbs on UAE as Trump Plans Visit
The US is weighing a potential easing of restrictions on Nvidia Corp. sales to the United Arab Emirates, according to people familiar with the matter, who said President Donald Trump could announce th...
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Joumanna Bercetche @joumanna.bsky.social · 01/05/2025
True story My phone …
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Joumanna Bercetche @joumanna.bsky.social · 01/05/2025
Why is oil plummeting? - unhelpful global demand signals - reports that OPEC+ may once again look to increase production / add extra barrels at the upcoming May 5 meeting Watch convo with Anthony Di Paola today www.youtube.com/watch?v=qe3O...
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Joumanna Bercetche @joumanna.bsky.social · 01/05/2025
Happening at 11.15am Dubai Charting a Path through the Haze: How will Middle East region respond to global uncertainties & lower oil prices? Moderating the IMF REO panel with MECA head Jihad Azour, RBC's Helima Croft, Majid Al Futtaim CEO & TarikYousef Watch here: www.youtube.com/live/P88ytVh...
youtube.com
The IMF’s Middle East and North Africa Regional Economic Outlook: Charting a Path through the Haze
The Middle East and North Africa face growing uncertainty amid shifting global geopolitics, trade tensions, and weakening international cooperation. These global developments, combined with regional c...
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Joumanna Bercetche @joumanna.bsky.social · 01/05/2025
Trump trade adviser Peter Navarro called the GDP report “the best negative print I have ever seen in my life” in an interview Wednesday with CNBC
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Joumanna Bercetche @joumanna.bsky.social · 01/05/2025
Dovish BOJ No hike as expected but change in language "Risks to prices are also skewed to the downside for fiscal 2025 and 2026." Last report had risks to upside! 2027 core CPI forecast is 1.9%, below 2% target
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Reposted by Joumanna Bercetche
Carl Quintanilla @carlquintanilla.bsky.social · 30/04/2025
GM. Volvo. Snap. UPS. Companies pulling earnings guidance leads Page One. @wsj.com
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Joumanna Bercetche @joumanna.bsky.social · 30/04/2025
Great piece from Javier Blas on what happened in Spain & how to remedy: essentially how to integrate renewables into the grids in a way that is conducive to stability Spanish Blackout Shouldn't Trigger a Green Retreat - Bloomberg www.bloomberg.com/opinion/arti...
bloomberg.com
Lessons From the First Blackout of the Green Era
Spain's blackout shouldn't trigger a retreat from renewables, but an upgraded grid is urgently needed for the energy transition.
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Joumanna Bercetche @joumanna.bsky.social · 30/04/2025
Global stocks set to end the month in the green (after all that)
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Joumanna Bercetche @joumanna.bsky.social · 30/04/2025
First look at China factory activity since tariffs: Worst contraction since December 2023. Offical manufacturing PMI came in at 49 vs 50.5 in March Cargo shipments down 60% according to one estimate Many banks have growth forecasts of 4% or lower for this year
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Joumanna Bercetche @joumanna.bsky.social · 30/04/2025
US deal activity didn't get the Trump Bump GS's David Solomon told Francine Lacqua yday that private equity dealmaking &the number of mergers over $500mm actually increased in Q1 "My own belief is things will settle down,we’ll have a clearer policy perspective&some normalization of capital markets”
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