U.S PCE inflation 'in line' was sufficient to give a new boost to equity and close February on highs, EU inflation data today likely heading towards 2%, while the global economy shows signs of renewed growth/pickup (China, German recovery ?), cycle to continue, no landing yet >>> 'high for longer' in rates = stronger for longer
Ford rolls out Tesla Supercharging for EVs
BOJ chief Ueda stops short of declaring 2% price goal met - as usual, BoJ loves walking back any hawkish tilt...he added that inflation was dropping back at a rapid pace...
China Caixin manuf PMI for Feb comes in at 50.9, remaining in expansion for 4th consecutive months, vs previous 50.8, expected 50.6, Eurozone February final manufacturing PMI 46.5 vs 46.1 prelim
BTC : Bitcoin RSI at 88. We have not seen RSI this overbought AND bitcoin trading at these absolute levels, ever. Chasing it here looks like a very late trade
SNB Chairman Thomas Jordan to step down at end of September 2024
Natural Gas inventories rose to biggest surplus since mid-2016
Britain to lead 2024 European real estate boom as international buyers eye opportunities, research says
Energy-related CO2 emissions hit a fresh record high in 2023, according to IEA
March 2023 was not good for a few banks, NYCB ? let's hope not many others
Markets : DAX, NIKKEI, NASDAQ all hitting new highs, AAPL closingbelow 200dma though, tame PCE inflation yesterday (whispers were higher), helped together with month-end flows, USD slightly firmer, lead by USDJPY and CROSSJPY's higher, CHF continues to grind lower
Tame inflation, credit totally fine/not worried about anything, JPY weak, no wonder, plenty of liquidities still in system, though this could start to change by mid March
Holger Zschaepitz on X: "US PCE for Jan was right inline and thus a small relief after the hot CPI/PPI. Core PCE rose 2.8% YoY, down from +2.9% in Dec. Headline PCE slowed to 2.4% YoY from +2.6% in Dec. Markets now price 2.7% prob for a cut in March, 18% for a cut in May and 58% for a cut in June,… https://t.co/bE2GUpB9Pm" / X (twitter.com)
NYCB shares tumble after regional lender swaps out CEO, says it identified ‘material weakness’ in internal controls (msn.com)
US calls Gaza aid convoy deaths ‘tremendously alarming’ as France says Israeli fire ‘unjustifiable’
Putin urges Russians to stop drinking, keep making babies | The Hill got to love this headline!
GBPCHF - long-term players who are short GBP will start to notice if/when we go 1.15+, overall 'carry' trade still on
