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Writer's pictureStéphan

China's big bazooka, alla #Drahi in 2012 & cuts RRR again / JPN : new PM #JPY / EU inflation much lower #EURO down #ECB cut coming again in October



  • Why the SNB should reconsider the Gold Question #XAUUSD

  • Big downside surprise in French inflation, CPI down to 1.2% in September!, services inflation down to 2.5%, ECB will move sharply again in October, Spain similar to rest of europe will show similar dets

  • #USDJPY down - Shigeru Ishiba wins LDP leadership race run-off, will be Japan's next prime minister - Ishiba received 215 votes in the run-off while Takaichi only got 194 votes. That's good news for yen bulls, as Takaichi was the one who had been vocal in scrutnising the BOJ for hiking rates too fast. So, Ishiba winning at least takes some of that pressure away.

  • All In - David Tepper just said he broke (risk) limits to own China, 15-20% is usually his limit, but we think he is higher than that. When asked about a "hedge" he said I have no hedge, valuation is the hedge... >>> Technically, the double bottom is confirmed for many of the Chinese indices, china was the most significant contrarian trade this year!!..., it's coming together! potentially a long way to go >>>> basically it's as big as what Draghi did in 2012, and if it's not enough, China will do more! it's the BIG bazooka and add softer crude which is another stimulus !

  • BASF, the world's largest chemical company, will cut its dividend by as much as ~33% (to "at least" €2.25 per share from €3.40 per share last year). BASF has been one of the biggest victims of the European energy crisis

  • U.S Regulators are exploring a requirement that larger banks maintain a minimum amount of readily available liquidity with a “pool of reserves and pre-positioned collateral” at the discount window, based on a fraction of their uninsured deposits

  • UK chancellor ready to water down planned tax raid on wealthy foreigners

    Rachel Reeves had hoped to raise £1bn a year by tightening rules on ‘non-doms’

  • SNB cut rates by 25bps as expected BUT conveyed very dovish tone significantly revising down the entire inflation path by 2027

  • Rudy Giuliani disbarred in DC after pushing Trump's false 2020 election claims


 




This is potentially another huger source of liquidities














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