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TTF now Eur 100, EU vulnerable to winter NatGas prices / Alphabet double miss / FED holds rates / ECB & BoE next

sc0172
11 minutes ago
3 min read

  • Ballon d’Or winner Harry Kane said: “Work hard in silence. Let success be your noise.”

  • Markets : FED holds and reiterates their commitment to containing inflation (they r miles away form target still..all bark and no bite..), fewer rate-setting meetings in 2027.., Bank of Canada hiked 25bps for the 1st time in over 3 years to 2.5%, EU natural gas benchmark price (TTF) surged through €100 a megawatt-hour for the first time since the 2022 energy crisis, crude slightly softer on apparently renewed peace efforts between U.S/Iran, Netanyahu-led bloc holds lead with nearly 90% of votes counted >>> markets overall pretty quiet, Alphabet down 10% after hours, Chinese markets continue to struggle though, precious metals not so precious but getting into 'buy - accumulate levels' again

  • Those Alphabet earnings were BRUTAL, first double miss in 4 years! The AI spend was also whaoo - Long-term debt: +500% in a year, to $125bn - free cash flow: -$9.1B vs. -$2.7B expected - 2027 capex guided "significantly" higher, $300B+ Verdict? The stock is down over 10% in after hours, he burn is outpacing the payoff.......Google’s Search business is being CANNIBALIZED by AI..... should hardly be a surprise, it obviously is for many though

  • Anthropic’s IPO could be ‘speculative fiction’ or a ‘generational moment’

  • Mercedes is also being hit hard by the China shock. It joins BMW & VW in cutting its outlook, now targeting a car margin of just 2–3%, vs up to 5% before

  • Russian satellites have been used by the Houthis Iran proxy in Yemen to direct attacks on Saudi Arabia-AP!.., Kremlin declares "Europeans will not take part" in trilateral peace talks with U.S. & Ukraine, Security experts have warned that there would be no constraints on Benjamin Netanyahu reviving his plans to launch fresh attacks on Iran while he serves as caretaker prime minister during coalition talks (FT)

  • Trump methane policy rollback may have minimal impact on crude prices, EPA says


UK Budget : this is effectively their manifesto now :

"The worker, the sole trader, the parent at the school gate, the young person desperate to start job or business. No tax rises on wages or dividends. Cutting taxes for millions of families and businesses. Our banks will help today. Our high streets, it’s gaming machines and vape shops that will help cafes. When the storms pass is where Britain is heading. Reindustrialised. Power returned to communities. Threats deterred. Global opportunities seized.

Fresh hope, good growth and support for those who need it. We know who we are, we know where we are going. We can see the Britain we want to be. It’s a vision burned into every line of this budget statement.

Breathing space now, fresh hope for the future, delivered by this labour govt."





























 
 
 

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