Before the Fed decision, all eyes will be on this big Treasury debt announcement for FOMC : Nov meeting been long priced in as unchanged, as usual the presser, Powell's tone and every words will be analyse in 10seconds, overall hard to think how he can be too dovish with such strong GDP data and still some inflation concerns
FT-The era of relentless Swiss franc appreciation is coming to an end >>> ''the policy has been successful, since Swiss inflation is now back below 2 per cent, meaning that the SNB is the only major central bank currently hitting its inflation target. Its latest forecasts project headline inflation of about 2 per cent over the coming two years''
The employment cost index, a broad gauge of wages and benefits, increased 1.1% in the July-to-September period after rising 1% in the second quarter
Roche hits 5-year lows on disappointing study results, JPMorgan's bearish comments
The UK Covid Inquiry is dragging Prime Minister Rishi Sunak back into the mire over his role in the country’s chaotic response to the pandemic
Few months ago, EURO area inflation was meant to approach by year-end, it hit 2.9% in October, down from 4.2% in September, punchy!..core CPI though still 4.2% (from 4.5%)
Canada's stalling economy on track for technical recession
China leads record central bank gold buying in first nine months of year
How WeWork’s Bankruptcy Would Ripple Through Commercial Real Estate (From a $9bn IPO SPAC to a top $47bn valuation..)
The UAW deals could fuel more strikes in coming months, but if the labor market cools, that could tip the balance of power back toward employers
UBS takes down Credit Suisse logo from Canary Wharf Office. Credit Suisse staff are relocating to the City of London
Markets :
EURJPY 160+ for the first time since Aug 2008, as the BoJ plays with fire, overall rates no higher so JPY less likely to weaken post BoJ (unlike previous months when global rates raced higher still)
USDollar overall staying firm(er), CAD weaker on recession calls after GDP, CHF weakened fairly sharply into month-end (FT article), Gold topped 2K again but no momentum higher for now
Equity markets rallied into month-end, as per usual.. now we wait for Powell and more announcement on refunding, hard to see Powell too dovish, data been still strong.. whether GDP is fuelled by debt or not, it was pretty strong! >>> keep 200dma in mind, markets probably still needs to sell some risk on rallies, APPL tomorrow too
Crude stable too
Before the Fed decision, all eyes will be on this big Treasury debt announcement Wednesday (msn.com)
Still firm-smidge firmer
Nothing really new?
And so many others in England... couldn't make this up
Charlie Munger Blasts VCs As Gamblers Who Get Rich at Others' Expense (businessinsider.com) Anyone ? seems a bit harsh ?
Here we go again