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Burnham's big EU summit coming up in Nov! #GBP ! / Global bond markets sell-off, credit markets warnings equity world
Burnham clears path to EU summit with post-Brexit breakthrough. UK and Brussels to go ahead with key November meeting after agreeing to kick talks on industrial subsidies into next year - we have been long/positive on GBP for a few months (on valuation), let's see how far we can go now on this confirmation #GBP #GBPCHF (he's probably setting up an election for middle of next year...)
Markets : FTC opens sweeping probe of Anthropic, OpenAI and other super SI - intelligence models - NY Post (why do you think they all met with Trump day before..), Almost 60% of S&P 500 stocks are trading below their 200-day moving average, the weakest market breadth since May 2025, stocks boosted by MICRON results last night, BOJ debated more rate hikes, scope for faster move at Sept meeting >> UST rates did NOT stay down long after weak PCE yesterday !.. USD back on firmer side, GBP shoudl continue to be underpinned by EU talks and Summit in Nov..!, risk overall should or could well have a correction lower and struggle in Q4 (yields beginning to seriously bite, debt repriced -Oracle and many others >>> Global bond sell-off deepens-FT-Thread and chart below)
Iran says it receives US response to latest proposal | Iran said it had received a US response to its latest proposal to resurrect the collapsed ceasefire in the Gulf, days after President Donald Trump said he had rejected it,
Bank of England’s Taylor: No need for interest rate hike
PGIM caps AI-related debt exposure at 15% in CLOs, signalling institutional caution on tech lending..! ...credit warnings leading equity markets ...
Gold is negatively affected by “real rates”, but that mantra falls apart if rates rise enough to crush a government’s ability to pay the interest on its debts without printing enormous amounts of fiat. I’ll dare to suggest that 7% is the number where the Gold-rates mantra dies & a new debt-rates mantra comes to life. Some pundits are currently suggesting that AI brings an existential threat to humanity. That’s theoretically possible, but what’s much clearer is that 7%-10% rates are an existential threat to most governments of the world. ~ Stewart Thomson
THIS ANTHROPIC IPO IS THE MOST DANGEROUS DEAL I'VE SEEN IN MY 45-YEAR CAREER / Thread (FWIW couldn't agree more..), Anthropic's IPO pitch embraces AI's promise and peril
Russia warns NATO it could use nuclear weapons over Kaliningrad
Financial Times on X: "Global government bond markets came under renewed pressure as yields in Japan and Australia approached multi-decade highs following a sell-off that pushed US Treasuries to their worst month in four years. https://t.co/pv8xHPwXW4 https://t.co/78rm4UFrAI" / X
Clash Report on X: "French President Macron: Welcome back, if the British want to return. The British have always been demanding partners, but our bilateral relations have continued on issues such as defense, security, immigration and many strategic matters. I think it would be a good decision, https://t.co/FEtCFs5vhT" / X
George Noble on X: "THIS ANTHROPIC IPO IS THE MOST DANGEROUS DEAL I'VE SEEN IN MY 45-YEAR CAREER And its own IPO filing tells you why: The prospectus warns that its AI models could resist being shut down and could hide or manipulate information. If you run security at a big bank, that's the last https://t.co/U0ZSIZljfr" / X
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