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Trump : close to a deal with Iran, crude softer again, risk rallies / China banned NVDA chip / EU PMI softer

  • sc0172
  • 2 days ago
  • 3 min read

  • Iran deal, SpaceX, Ai and crude down, markets loving it

  • Iran update : Trump close to a deal with Iran..., Iran is consolidating control of Hormuz with island checkpoints, diplomatic deals –and sometimes ‘fees’. Iran is enforcing a multi-tiered system for clearing vessels through the Strait of Hormuz. The U.S. has warned against complying with Iran’s controls. Some shippers and governments are taking the risk

  • Markets : Many Fed officials called for the central bank to drop its easing bias and signal its next move may be a rate hike, according to minutes of last month’s meeting, Israel parliament dissolved, China banned NVDA RTX 5090D V2 chip!, SpaceX IPO coming, Gold miners are now doing more share buybacks than at any other point in history >>> markets higher quite easily again, crude sub 100 again, 5pct or so down on Trump taunting a great Iran deal

  • Big Tech software era is over, says top investor James Anderson. Former Baillie Gifford fund manager says spoils of AI war will flow to hardware suppliers

  • French PMIs registered one of the largest drops in output and employment outside covid and the sovereign debt crisis. Inflationary pressures are rising and tighter financial conditions will only make things worse







..It was admitting out loud that the people carrying the country on their backs are getting crushed while the system tells them it’s “normal.”








BUT...China just added Nvidia's RTX 5090D V2 to its customs banned list. During Jensen Huang's visit. With Trump in town. The chip was designed specifically to meet US export rules. Banned anyway. Beijing is making it clear: the era of Chinese reliance on US tech is over.
























 
 
 

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