Meloni & Trump / Vance humiliated in talks / CHF weak(er), USD↗️ / SpaceX not ESG / UK PM off ? / NIKKEI up still
- sc0172
- 11 hours ago
- 3 min read
Iran updates : Brent crude falls after US-Iran talks, Iran said it had secured waivers for oil & petrochemical exports + the release of some frozen assets, reviving hopes that sanctions relief could return up to 1.5 million barrels per day of Iranian crude, Millions of barrels of oil flowed through Hormuz over the weekend despite Iran’s claims that it had closed the chokepoint again, Vance got (properly) humiliated at the talks in Luzern, ''Trump has gone from America First to Iran First'' many GOP saying..''The art of the surrender'' others are saying..
Markets : NIKKEI keep surging, UK on 'PM resignation' watch, SpaceX draws MSCI's lowest ESG rating, Norway introduces AI restrictions for under 13s, EURUSD key support 1.1400-50 (medium term stuff), USDCHF key res 0.8100 area, we like CHF weaker 'carry' also via EURCHF, GBPCHF (Burnham risk), BTC key 60K support, Apollo ''The Market is paying a premium for Companies that lose money'' (chart available if necessary, China restricts trading with some US rare earth companies
SpaceX handed lowest possible ESG rating by MSCI. Triple C score puts Elon Musk’s company on par with Russia after 2022 invasion of Ukraine
Meloni’s clear: allies must be respected, not obeyed. Partners must be engaged, not feared. And Europe must defend its interests with strength, pride and political courage
#URA - A 155-ton reactor in Italy running on molten lead, with electric heaters faking the uranium, is about to make real electricity with zero nuclear fuel inside, a full-size test of the metal before any fuel goes in
Trump told La7 that Meloni begged for a photo at the G7. Meloni answered, on camera, in Italian, "Neither I nor Italy ever beg." Trump escalated on Truth Social, claiming she asked "over and over" and suggesting her low approval traces back to declining to back the Iran war. Meloni answered again, in writing, that her popularity depends on defending Italian interests, not on her relationship with him, and that American base access in Italy runs on mutual agreements rather than personal goodwill. That last sentence is the real one. She is not describing a friendship gone sideways. She is describing an alliance with terms, and reminding him those terms do not include flattery. The biographer calls this a strategy shift among world leaders. It reads more like one head of state finally saying the obvious part out loud....
Stay cool !
NIKKEi keeps surging, UK
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