Stéphan

Feb 282 min

No U.S govt shutdown, most likely / RBNZ dovish / U.S core PCE up next tomorrow / NASDAQ 18K toppy

  • Government shutdown: US lawmakers optimistic on spending deal

  • Traders are betting on substantially stickier inflation in the US for the next few years. Breakeven rates on 2-year notes are current at 2.75%, the highest lev in almost 1y

  • Germany's Scholz rejects talk of sending troops to Ukraine from Europe or NATO

  • RBNZ statement : surprisingly dovish relative to next meeting

  • EUROUSD slightly softer, but pretty dull given growth differentials

  • Apple abandons electric car efforts, will prioritize AI, ,competition is now fierce in EV, and the market is no longer building huge expensive limousines (less attractive to AAPL)

  • China doubles down on national security, expanding its state secrets law

  • 'Urgent' for G7 to Seize Russian Profits for Ukraine: Yellen

  • Saxo : While the US PCE Core Deflator tomorrow is expected to show the YoY slow to 2.4%, the expected 0.4% MoM rise would lift the 3 and 6-month change to near 2.5% from below 2% last month

  • Markets : USDollar a little firmer (KIWI, AUD, EURO weakness), NASDAQ 'failing' near 18K, DJ 39K similar picture and SPX500 5050/5100 area
     


Government shutdown: US lawmakers optimistic on spending deal - BBC News

Germany's Scholz rejects talk of sending troops to Ukraine from Europe or NATO (thelocal.de)

'Urgent' for G7 to Seize Russian Profits for Ukraine: Yellen (kyivpost.com)

Ken Griffin, Koch brothers, GOP billionaire megadonors consider anyone but Trump | Fortune

China doubles down on national security, expanding its state secrets law (cnbc.com)

Michael Pettis on X: "Chinese provinces that pay the highest income tax are, in order, Shanghai, Guangdong, Beijing, Zhejiang, Jiangsu, Fujian, Shandong, Sichuan, Hubei, and Tianjin, showing just how concentrated economic importance is within the main Eastern provinces. https://t.co/YAsRW5cX4R" / X (twitter.com)

Microsoft, French Mistral AI partnership under EU scrutiny (qz.com)

Apple abandons electric car efforts, will prioritize AI: report (yahoo.com)

Total crash UBS: Nestlé dividend paid 2 months too early – Inside Paradeplatz

Ozempic, Wegovy competitor drug doubles Viking Therapeutics stock (qz.com)

Monetary Policy remains restrictive - Reserve Bank of New Zealand - Te Pūtea Matua (rbnz.govt.nz)

NASDAQ

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