Carlsberg : 1000 year 'bond' .. / KOPSI / Trump's daily TACO.. / Physical oil mkt 'easing' / More JPY action

sc0172
2 hours ago
3 min read

Iran update : Trump's daily TACO ('Project Freedom suspended' after 2days..), mission accomplished of course! (as expected, he is bored of dealing with the problem of his own creation!...) >>> Stocks climbed to a record and Brent declined after Donald Trump signalled progress toward a final agreement with Iran. The president said he would pause a US-led effort to help stranded ships exit the Strait of Hormuz. The naval blockade on Iranian ports will remain in force. Iran’s foreign minister met with China’s top diplomat in Beijing, just days before Trump is due to arrive for an expected summit with Xi Jinping, Top US General Caine: 1,550 ships trapped in the Gulf with 22,500 mariners aboard, Trump walking away 'winning'.., backing away .., achieved absolutely nothing...and now will let EU and China sort out the mess..), Trump and the U.S have long lost all credibility in ME..END of the U.S global dominance.. >>> AND... Counterintuitive perhaps, but the physical oil market appears to be calming. Dated Brent is hovering at ~$115 a barrel, and physical differentials have narrowed massively, with grades offered at ~$3 a barrel premium to the benchmark vs the ~$30 a barrel premium of mid-April
Markets : HK reported fastest economic growth in five years at 5.9%!, IMF rules on #USDJPY shows that can only do two more interventions till November.... (so these interventions better count ! or else..), UK 30y gilt hit highest yields since 1998 at 5.8%!, U.S ISM services PMI slightly down at 53.6, JOLTS down slightly to 6.866mio, Carlsberg goes for a hybrid 1'000 year bond ! yeps you read that right!!.., KOSPI continues to trade like a small cap up 7% on the day, HUGE swings this year, another 'likely' intervention from JAPAN overnight in #USDJPY, they need to bring it down to 140 to call it a success.. or else it'll backfire
Azerbaijan has begun delivering natural gas to Germany, Italy and Austria
China is targeting 70% domestic silicon wafer use by 2026
UK landlords exit rental sector amid regulatory pressures
EU's Economy Commissioner Dombrovskis: Europe is facing a stagflationary shock
Alphabet to raise at least €9 bln in its record Euro bond sale
Gold Manipulation: The 'London Bias' : 1970-2024
UAE media are saying that it was Saudi Arabia that carried out the attack to disrupt oil exports, not Iran. Iran also denied today that it had struck any sites in the UAE."