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China exports +36% / France : no ECB intervention / S&P500 lowest PE since 2023 / China 3mos bills 1.13%.. / U.S CPI next

sc0172
5 hours ago
2 min read

  • Markets : Fed's Goolsbee says "AI is an inflation problem", S&P500 forward PE drops to lowest since 2023, ECB President Christine Lagarde signals no intervention in France’s fiscal crisis (yet...), ECB not seeing second round inflation effects, China's exports SURGED last month - up 36% on a year earlier, 88.6% of Japan households expect prices to rise a year from now, BOJ says, IMF dials up calls for urgent fiscal consolidation >>> TEN STOCKS DROVE 70 PERCENT OF THE S&P 500'S GAINS SINCE MARCH 30 (concentration of risk and earnings..), now focus on U.S CPI

  • Global smartphone shipments hit the worst third quarter in 14 years due to memory shortage caused by SI

  • Iran shifting tactics to step up attacks on shipping before US vote | The strategy includes a change in the type as well as the pace of attacks, with ​one goal being to influence the outcome of the US vote, Saudi Aramco HQ attacked in suspected Houthi strike | Iran-backed militants retaliate after Riyadh-led coalition targets sites in Yemen’s capital, Oil prices climb as Iran deploys new tactics to target ships transiting Hormuz | Oil prices climbed on Wednesday after two vessels were struck ‌in the Strait of Hormuz and Iranian officials told Reuters they were deploying new tactics to target ships, as Tehran seeks to keep oil prices high and influence the US midterm elections

  • Europe's mass-market carmakers under 'enormous pressure', Volkswagen CEO says

  • Bank of America fined $1.2 billion over money-laundering violations

  • China just issued 3-month bills at 1.13% yield, lowest rate in over 17 years, for context, equivalent US T-bills are at 4.05%, demand for Chinese sovereign debt remains very strong, even as Beijing supports growth and manages a stronger yuan

  • China’s September exports soar, putting $1 trillion trade surplus in sight, largest in over 5 years, even with tariffs, threats, the world needs China more than ever..


































 
 
 

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