Bloomberg Daybreak: Europe Edition Daybreak Weekend: Housing Outlook, Europe Culinary Trends, Australian Eco
Jan 2, 2026
Mike McGlone, a Senior Commodities Strategist at Bloomberg Intelligence, predicts a volatile commodity market and discusses gold's rally and oil's downtrend. Kate Crader, Bloomberg's Food Editor, explores culinary trends in Europe, highlighting the rise of experiential dining and upcoming restaurant openings. James McIntyre, an economist in Sydney, examines Australia's inflation outlook and the impact of migration on economic demand, suggesting the Reserve Bank may delay interest hikes as they monitor ongoing market changes.
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Gold's Unusual Surge Signals Risk
- Gold's rapid 2025 rally signals a rare store-of-value surge versus industrial commodities.
- Mike McGlone warns such velocity often precedes steep mean reversion and greater market volatility.
Oil Faces Downward Cycle Amid Tech Shift
- Oil is in a downward cycle driven by technological shifts and EV adoption that reduce demand.
- McGlone expects further downside with intermittent sharp rallies, creating a volatile oil market in 2026.
Prepare For Continued Builder Incentives
- Builders should expect continued use of sales incentives and shift product mix to manage inventory.
- Drew Redding says price moderation and incentives will persist, squeezing builder margins into 2026.