Last week saw a dovish shift (and few cuts) from major central banks, essentially the FED signalled their willingness to cut rates to head off job-cutting spiral - even if it means slightly higher inflation for a while >>> U.S PCE on Friday will be key to follow, even though Europe will be out, market pricing is for 3 to 4 cuts in 2024 still. This week, Fed speakers today (Bostic, Goolsbee and Cook), Powell on Friday, geopolitical risks on the increase, France raises terror alert level, Moscow terror attacks, Israel/Gaza ongoing
Donald Trump’s $464mn bond is due today. What happens next?. End of grace period could set off next phase of fight between former president and New York attorney-general
Deutsche Bank's latest markets survey. Investors "seem happy for central banks to tolerate an extended period of above-target inflation."
The Indian Giant Has Arrived-El-Erian article
FT - U.S urged Ukraine to halt strikes on Russian oil refineries... Why ? ... is it because the U.S SPR is pretty much empty and higher Oil prices would not be welcome for U.S inflation outlook and the FED's apparent willingness to cut rates ahead of U.S election in June or July
US, Japan plan biggest upgrade to security pact in over 60 years, FT
Nike, Lululemon, Tesla, Apple.... all struggling on CHINA focusing on local brands..
Is it a golden era for gold?
Kinger Lau, Goldman Sachs’ chief China equity strategist, says “fundamentally, it feels like things are stabilizing economically in China. Historically, the A-share market has been more sensitive to economic momentum.” #SHCOMP ''Jan contrarian trade etc''.. is working, long wa to go !
A record amount of money has flooded into US corporate bond markets this year. Inflows into credit funds have reached $22.8bn so far in 2024, the first positive start to a year since 2019 - no risk there! truly remarkable - all about flood of liquidity!
China wants Microsoft and Intel off its computers. Meanwhile, the U.S. is ramping up semiconductor production at home to reduce its reliance on China and Taiwan
Fed's Bostic scales back to single rate cut on inflation concerns
With stocks pushing higher, and tech triumphant, defensive stocks have lagged behind — investors now hate defensives, and allocations are at record lows. Contrarian signal?
Equity markets have continued to perform well (higher valuation rather than improving fundamentals), mostly on easier financial conditions, where investors from all corners feel almost forced to participate. USD stays firm on overall dovish CB's
France raises its security readiness to highest level after attack in Russia, worried about IS (msn.com)
Israel-Gaza live: Unrwa ‘barred from north Gaza’ ahead of UN security council vote on new ceasefire resolution (msn.com)
One to watch for potential higher vol Claus Vistesen on X: "Interesting; could it be related to JPY? -> https://t.co/XlJa6fmQOg" / X (twitter.com)
The Indian Giant Has Arrived by Mohamed A. El-Erian & Michael Spence - Project Syndicate (project-syndicate.org)
Great write up and charts, couldn't agree more - gold has to be part of course of your investment portfolio, particularly as CB's keep on buying... 'debt debasing of fiat currencies continue' imho
Affordable EV - as it should have been for years, that's what it was always meant to be, not 2.5 tons limousines at 100K price tag..
Europe united?.... Greece ‘behind Russia’s ability to evade EU sanctions’ - Brussels Signal
Freddie Ponton 🇫🇷 on X: "🇫🇷🇷🇺🇩🇪 FRANCE - RUSSIA - GERMANY French Nuclear giant Framatome & Russian Nuclear leader Rosatom announced new cooperation for the production of nuclear fuel in a German factory to power Soviet-designed reactors in Eastern Europe. The verbal escalation between French and… https://t.co/0pNZO1HQ62" / X (twitter.com)
Michelle Mone PPE company at risk of being shut down by her former lawyers (telegraph.co.uk) amazing its still open
A50 china shares - trying - market not convinced yet
