Stéphan
Feb 293 min
BOJ board member says 2% inflation target is 'finally in sight', Hajime Takata tells Shiga business leaders 'Japan is at an inflection point' and Japan's FM Kanda warned about excessive JPY moves at the G20 (probably to sound like they care?)
FED's Williams explicitly said that 3 cuts for 2024 are a reasonable starting point for policy, Boston Fed Collins did not break new ground, but her risk assessment between the risks of cutting too soon vs too late seems to be more balanced than some other FOMC participants, 3 cuts priced in and happy with this...
The picture in the U.S GDP report is of weaker business investment and consumer spending with a stronger-than-believed contribution from govt and inventory building. Those are downside risks for 2024 growth
Speculation is mounting that Russian President Vladimir Putin could use his annual address to Russian lawmakers Thursday to announce that Russian troops will be sent to “protect” the pro-Russian, breakaway region of Transnistria in Moldova
UK's chancellor considers poaching Labour’s plan to scrap non-domiciled tax rules
Maersk warns Red Sea disruptions could last into second half of year
Salesforce beats on earnings but forecasts single-digit revenue growth for the year
Swiss Economy Grows More Than Expected Defying Factory Downturn, GDP expanded 0.3% in 4Q; est. 0.1% increase, still little or no sign that SNB has intervened in January to weaken CHF
Markets steady ahead of the Fed's preferred inflation gauge this afternoon, PCE expectation is 2.4% annually and 2.8% adjusted
Global Market Quick Take: Europe – 29 February 2024 | Saxo Group (home.saxo)
Summary: European and US equity futures are holding steady alongside Asian markets, following a minor decline on Wall Street yesterday. Investors are eagerly awaiting today’s US inflation report, which is expected to offer insights into the potential timing of the first US rate cut. Meanwhile, Bitcoin continues its upward surge, reaching a two-year high driven by robust demand stemming from the recent launch of ETFs. Snowflake slumped over 20% in after-hours trading due to the sudden departure of its CEO and a bleak product revenue forecast. Salesforce initially dropped on a gloomy full-year outlook but later recovered. Treasury markets remain stable after a slight uptick on Wednesday, while the dollar maintains a narrow trading range and gold tests resistance levels in anticipation of the inflation data.
BOJ board member says 2% inflation target is 'finally in sight' - Nikkei Asia
Japan issues fresh warning against excessive yen moves | Reuters
Donald Trump and the Mexican economy: time to short the peso? – The Armchair Trader
Fed's Williams: Still ways to go to achieve 2% inflation goal (msn.com)
Fed's Collins repeats it is 'likely' rate cuts will begin this year (msn.com)
Economy: Swiss GDP grew by 1.3% in 2023 | 24 hours (24heures.ch)
Bitcoin surges toward all-time high as a big 'halving' could push it higher (qz.com)
Putin could announce Russian troops will enter Transnistria region (cnbc.com)
Oishii raises $134m in turbulent time for vertical farms to expand production, distribution & its portfolio (foodnavigator-usa.com) plenty of cash outthere
Toyota recalls hit Tacoma and Tundra pickups, Sequoia SUVs, and Camry (qz.com)
Disney and Reliance Industries will merge India media assets (qz.com)
Salesforce (CRM) Q4 earnings report 2024 (cnbc.com)
Lithium miner SQM posts Q4 profit down 82% | Nasdaq ...markets go from one extreme (shortages 1-2y ago) to the other (now we have a glut and lower EV demand..)
Maersk warns Red Sea disruptions could last into second half of year | Reuters
Snowflake says Frank Slootman is retiring as CEO, stock plunges more than 20% (msn.com)
Drugs like Ozempic and Wegovy could boost the US economy by a trillion dollars in a few years, Goldman Sachs predicts (yahoo.com)
Hunt considers poaching Labour’s plan to scrap non-domiciled tax rules | Jeremy Hunt | The Guardian
SPX500 - consolidation/back to trend should be welcome scenario for the bulls