AAPL : The largest company in the world reports later on today
U.S Treasury refunding (more issuance in short-end, less long-end, rebuild the TGA using RRP now..and get ready for an election year..probably keeping liquidities aplenty) ..came in slightly below 'feared levels', long-end rallied ahead of FOMC which was painted as perhaps 'high for not quite as long as feared', although the text didn't change much at all
ECB's Knot: Policy rates now are at a good 'cruising altitude' >>> given data, ECB is pretty much done IMHO, German data showing rise in claims, unemployment rising
Japan unveils $113-billion package to cushion inflation, Japan PM Kishida says will push firms to achieve higher wage hikes next year and eventually drop YCC in Jan or Feb ?
Toyota has stated that from January 1, most hourly manufacturing workers (in the U.S) will experience a wage increase of approximately 9%,
Signa Development Selection AG bonds lost about half their value on concern the company, part of Austrian billionaire Rene Benko’s sprawling real estate empire, is running low on cash
SBF fraud trial begins closing arguments
Trump trial document may prove he knew he lost election: Legal analyst
FT-Media today stops politicians facing both ways on divisive issues
Markets :
Post Powell fear puke : VIX is not SPX500, but the last time VIX was here, SPX500 was 4'350 and long-end rallies on less Treasury issuance announcement
UST 10's dropped relatively sharply (in an oversold market..) to now 4.74%
EUROstoxx50 back near top of down channel, a bounce in a bear market must make lower lows to confirm bearish view, SPX500 back above 200dma ahead of AAPLE, Nasdaq100 back above those previous lows 14'500/700 area
UST's whole curve beyond 1y back below 5% - markets were oversold in short-term, nice reaction on Powell who may or may not, probably won't hike
Too many bears?