Good morning, you're listening to Markets Desk.
Bond markets are back in focus, and the anxiety is real. U.K. gilt yields have been climbing to multi-decade highs, and Friday could bring another wave of selling pressure. This isn't purely an inflation story — there are structural concerns about fiscal credibility and demand for long-dated debt that are keeping investors on edge across the Atlantic.
Turning to earnings, HelloFresh reported a sharp drop in first-quarter adjusted EBITDA, falling to roughly twenty-four million euros from fifty-eight million a year ago, on revenues of approximately one point seven billion euros. The meal-kit company is navigating a tough consumer environment, though management reconfirmed its two thousand twenty-six outlook, signaling they believe the pressure is temporary rather than structural.
And in a story that cuts to the heart of the tension between big tech and local governance, a Michigan township voted down zoning plans for a massive OpenAI-Oracle data center — only to watch construction begin weeks later anyway. It raises serious questions about how much influence municipalities actually retain when federal economic priorities and trillion-dollar technology buildouts are pushing in the other direction.
That's the tape. Markets Desk, signing off the floor.
