US-Iran Pause Triggers Relief Rally | The Pulse 7/27/2026

A sharp drop in oil prices triggered a relief rally in stocks and bonds after a lull in hostilities in the Middle East. The US paused an almost two-week run of strikes against Iran for a second night while the Islamic Republic signaled it was refraining from any retaliatory attacks. Bloomberg has learned that Nvidia is in talks to provide a financing guarantee to help OpenAI lease computing from a US data center project planned for 2028. It underscores how the world’s most valuable company is funneling capital into the infrastructure that drives its business. CXMT surged 466% in its Shanghai trading debut to become China’s largest onshore-listed company, as investors piled into one of the country’s biggest artificial-intelligence champions. Today's guests: Ifo Institute President Clemens Fuest; Subitha Subramaniam, Sarasin & Partners Chief Economist; Kem Inenacho, Latham & Watkins Partner. -- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Chapters: 00:00:00 - The Pulse With Francine Lacqua Begins, Opening & Top Stories 00:00:22 - Market Open: Oil Falls, Big Tech Earnings & AstraZeneca 00:01:34 - German Ifo Business Confidence Beats Expectation 00:02:24 - Ifo President Clemens Fuest on Germany's Economic Outlook 00:11:19 - Energy Markets: U.S. and Iran Hold Fire 00:12:08 - Middle East Update: Strait of Hormuz & Oil Supply Risks 00:15:59 - Subitha Subramaniam, Sarasin & Partners Chief Economist, on How Energy Volatility Impacts Europe 00:24:42 - Market Headlines: China AI IPO & Tech Earnings 00:25:43 - CXMT's Blockbuster IPO Debut, Nvidia, OpenAI & AI Data Center Spending, What to Watch in Big Tech Earnings 00:30:10 - AstraZeneca Beats on Profit 00:32:41 - European Earnings Season Outlook 00:36:13 - Global Headlines: Trade, Ukraine & Wildfires 00:37:25 - France & Spain Wildfire Crisis 00:42:51 - Kem Inenacho, Latham & Watkins Partner, on Global M&A Boom and Mega Deals & Private Equity, Valuations & Dealmaking 00:48:44 - European Market Close & Wrap-Up -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts