U.S inflation : all metrics are back on the rise, if only slightly, they are
France : Real estate wealth tax: the Senate extends it to yachts, savings, cryptos, in the name of the housing crisis
Markets : UST yields down, JPY, Tech stocks down, something that happened in July, must be on top of #mustfollow list of potential risk in Dec #EURJPY
SPX500 : Net long positioning in S&P 500 futures by institutional investors is now at ~240,000 contracts, the most on record
#USDRUB US Sanctions hit Ruble as Russia’s FX sources are drying up, 115+
Glencore Nordenham awarded climate protection contract by German Ministry for Economic Affairs and Climate Action
FT: "A former senior Chinese financial regulator has said top Beijing leaders set “psychological” targets for the nation’s stock markets and currency exchange rate that are not based on fundamentals."
South Korea lowers interest rates to 3% over Trump fears. Rare back-to-back cut reflects concern over impact of incoming US president’s policies
#USDRUB jumped nearly 10pct yesterday, to a record of 115RUB >>> today : Russia’s central bank suspends all currency purchases, The decision to halt foreign currency purchases from Thursday until Dec. 31 seeks to “reduce volatility in the financial markets,”...
Russia’s sabotage of western targets ‘could trigger Nato defence clause’
German intelligence chief warns continued hybrid warfare by Moscow increases risk of alliance invoking Article 5
Swedish authorities have reason to suspect that the Chinese ship Yi Peng 3 deliberately dragged its anchor on the seabed for kilometers in order to damage the submarine cables between Finland & Germany and Sweden & Lithuania
The Adani Group has lost $55 billion in market value since last week’s shock indictment of billionaire founder
French government still shaky as lawmakers compromise on budget bill >>>France effectively failed to consolidate in 'good times', and now has to press on with austerity or the #bonvigilante could do some damage in #OAT land >>> 12years later...maybe Greece can come to the rescue now, but not before on insisting on draconian austerity and tax measures :-)
Michael Pettis on X: "1/2 FT: "A former senior Chinese financial regulator has said top Beijing leaders set “psychological” targets for the nation’s stock markets and currency exchange rate that are not based on fundamentals." https://t.co/2lCx58I01k via @ft" / X
Whaoo
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