Increased tensions in ME pushing crude to 3-4months highs near $80 again
Chinese Banks cut 5year loan prime rate by 25bps, to 3.95 - largely unexpected >>> local markets not particularly 'impressed' by the cuts - so far anyway, Iron Ore feeling a little sceptical on the China expected recovery, meanwhile in the U.S the 30y mortgage rates has jumped back to Dec 1 highs of 7.35%
Israel says it will launch Rafah assault if hostages not freed by Ramadan
The Brenner Base Tunnel - great Video
The meltdown in chocolate is coming
Hedge funds turned bearish on the Swiss Franc just one week after boosting long bets, amid speculation the central bank is no longer supporting the currency with purchases and could even lower interest rates soon >>> Jordan's chatter at WEF....changed view..
The U.S. is considering slapping sanctions on Chinese companies it believes are helping Russia fuel its war in Ukraine, members of Congress told CNBC
Bayer AG is planning to slash its dividend by 95% in an effort to pay down debt
Forvia which makes parts for half of the world's cars is slashing 10,000 jobs
The market cap concentration of the top 10% of stocks has hit its highest level since 1929, surpassing 2000
The "Buffett indicator" - the ratio of the market value of the entire stock market to GDP, has historically averaged around 65%. The ratio peaked at 88.3 prior to the 1929 crash. At the peak of the Dot com bubble in 2000 the ratio was 136.9%. Currently the ratio is 185% >> plenty of these anomalies around - nothing new - they don't matter until the market decide that they do...
Markets : Is the FED even going to cut rates this year ? ..must be 'a' question that should be asked during weekly risk management meetings, crude up further would also question 'rate cuts' priced, FOMC minutes and NVDA next big focus
All ears and eyes on FOMC minutes and NVDA earnings tomorrow : All eyes on Nvidia earnings as AI boom reaches historic proportions | Saxo Bank (home.saxo)
and in Germany likely in recession, Bundesbank says (msn.com) though they add : ''German recession doesn’t mean severe downturn''
US Proposes UN Resolution For Temporary Ceasefire In Gaza, Advises Israel Against Ground Offensive Into Rafah (msn.com)
Wondering how long till politicians will call this a 'Brexit win' for the UK ... (it's a positive sure, it's not a win, it just means nothing much changes..status-quo)
Magnificent 7 profits now exceed almost every country in the world. Should we be worried? (cnbc.com)
Biden admin providing $1.5 billion to GlobalFoundries to make computer chips in New York and Vermont (qz.com)
Holger Zschaepitz on X: "Good Morning from Germany, where the labor force has hit a fresh record of 46mln, an increase of ~0.5% YoY. If econ output has shrunk despite this, it must mean that people are working shorter & shorter hours and productivity has not risen much. After all, GDP is number of… https://t.co/d56BHuTqbh" / X (twitter.com)
The $11B Tunnel That Could Save One of Europe’s Busiest Mountain Corridors | WSJ Breaking Ground (youtube.com)
Good grief, looks pretty nasty, check out those pictures Gallery: Storms Disrupt Holiday Travel - Caixin Global
'China has a lot more to lose': U.S. considering sanctioning Chinese firms aiding Russia's war (cnbc.com)
Zurich High Court overturns verdict against Pierin Vincenz - Blick >>> The Zurich High Court overturns the verdict against ex-Raiffeisen boss Pierin Vincenz. As a spokesman for the higher court explains at the request of Blick, it is not a judgment in terms of content. Rather, the judgment of the District Court of Zurich had been overturned due to "serious procedural errors"
Crude WTI
