Crude higher, supply cuts extended / ECB's Knot, Fed's Mester & Waller / ARM / USD, UST yields..

China bans iPhone use for Government Officials at work....and strangely enough : A new Huawei phone has defeated US chip sanctions against China. SMIC, China's top chipmaker, has manufactured a 7-nanometer processor for Huawei's Mate 60 Pro—despite US chip sanctions against China

Crude tests November 2022 highs after OPEC/Russia extend supply cut to Dec 2023

The Treasury market looks to be pricing in the 'old normal' interest rates, ie a world where bond yields need to be beyond what short-term yields imply..this would be a Very bumpy ride and look/feel very unusualformany, particularly with market structure, supply, TGA etc, which makes it very hard to work out for many

German Industrial Orders fell by 11.7% vs 4% expected

With oil prices rising again, investors are starting to worry again about even higher long-term bond yields ahead + supply is huge over next few months (known known but still)

Wie viel teurer wird er Strom in deiner Gemeinde? Trouve le prix d'electricité dans ton village pour 2023 - link ci-dessous

ARM is seeking up to a $52 billion valuation in its blockbuster U.S. IPO

Saudi to extend voluntary cut of 1m B/D until end of Dec 2023, Russia too 300K B/D

Fed Governor Waller agrees the central bank can 'proceed carefully' on interest rates and Fed's Mester: 'Job market is still strong' despite higher unemploymen

ECB’s Knot Says Markets may underestimate September hike chance, he is an 'über hawk' so he would say this, only 6bp priced in for next meeting, clearly would be huge surprise if they did hike, unlikely though

JPMorgan says the biggest risk of de-dollarization isn't a rival currency — it's that the US could lose a key tool it's used to fight past economic crises

Japan's Matsuno says watching FX moves with high sense of urgency, more than words will be needed top turn JPY, including YCC change etc

BBG - China is considering introducing a law that would ban the wearing of clothes that "hurt the feelings" of others. Perpetrators could face fines or even jail....seriously?!

BMW, Mercedes launch biggest EV push yet to catch Tesla with new models

Airbnb bookings dry up in New York as new short-stay rules are introduced (one of the many reasons why rents went through the rood of late, specifically in towns..)

A lot of Central Bank meetings in september

USDollar remsin strong(er), with yields high/er) for longer, even USDCHF look to finally be joining it topside! USDJPY could and should get a little bumpy from here though with BoJ behind the scenes, thus look to sell a bit of CROSSJPY's on risk off days..

Equity markets drifting down, it was and still is time for a 'hedging trade'

Crude higher, can we get to 95-100$ ? this won't help inflationary pressures!