Bloomberg: BMC - Bloomberg Market Concepts

Søren Madsen

Headphones are required. The BMC is based on video modules with audio. So bring your own and connect them to the audio extension cable or the Bloomberg keyboard. If sound is turned of, ask in the circulation desk or CBS IT instructors.

Bloomberg Market Concepts (BMC) is an 8 hour self-paced e-learning course that provides an introduction to the financial markets. BMC consists of 4 modules

• Economic Indicators
• Currencies
• Fixed Income
• Equities

All woven together from Bloomberg data, news and analytics. BMC is no additional charge on the Terminal.

By taking BMC, you will:

• Learn about the financial markets via 23 learning outcomes.
• Familiarize yourself with over 70 Bloomberg terminal functions.
• Solidify your knowledge with over 100 interactive questions.

Visit BMC <GO> on the Bloomberg terminal and sign up.

Economic Indicators

• The Primacy of GDP
• Monitoring GDP
• Forecasting GDP

Currencies

• Currency Market Mechanics
• Currency Valuation
• Central Banks and Currencies
• Currency Risk

Fixed Income

• The Roots of the Bond Market
• Bond Valuation Drivers
• Central Bankers & Interest Rates
• The Yield Curve & Why It Matters
• Movements in the Yield Curve

Equities

• Introducing the Stock Market
• The Nature of Equities
• Equity Research
• Absolute Valuation
• Relative Valuation

Economic Indicators

• Discover the regiment upon which economic indicators are published and analyzed.
• Identify how investors use economic indicators to gauge the health of the economy.
• Explain the qualities of good economic indicators.
• Explore how economic indicators can be used to spot inflection points.

Currencies

• Explore the history and mechanics of currency markets.
• Identify the three main drivers of currency valuation.
• Discover the role of central banks in guarding against inflation and deflation.
• Demonstrate how investors and businesses are affected by currency markets and how they manage currency risk.

Fixed Income

• Discover how the bond market became the biggest, most complex market in the world and how it serves a vital public service.
• Describe how yields facilitate comparison across the vast diversity of the bond market.
• Describe how government bond yields are a yardstick by which all other investments are measured.
• Describe how bond markets instill discipline in governments around the world.
• Discover why, when, and how central banks make interest rate decisions.
• Explore how bond valuation is driven by creditworthiness, inflation, and central bank interest rates.
• Describe the importance of the yield curve to businesses and consumers around the world.
• Interpret the meaning of the four major shifts in the yield curve and the meaning of curve inversion.

Equities

• Calculate equity index performance from the performance of single stocks.
• Explore the nature and allure of equity ownership.
• Identify why equities are more volatile than bonds.
• Describe how industry and supply chain analysis is foundational to equity research.
• Discover how the use of accurate industry drivers facilitates accurate earnings forecasts.
• Describe the five-step absolute valuation process and the attendant pitfalls.
• Identify the three types of relative valuation and the role of future earnings growth when assessing fair value.