China CPI -0.3%, Exp.-0.4% (YoY), and PPI -4.4%, Exp. -4.0% >>> it's allowed to wrtie deeeflation or China inflation 'deflated' ..(as China bans negative economic commentary, mentions of "Deflation") and China's major state-owned banks seen selling dollars to buy yuan in the onshore market, been going on for a while, little or no impact for now >>> >>> now, The consensus estimate for Thursday's U.S CPI report is 3.3%, up from 3.0% last month which was the lowest since March 2021
Italian, European banks >> EU classic : banks start to perform well, so they tax them, mind you banks had super easy access to liquidities/funding for 10+ years, thus taxpayer may well be intitled to some cashback
Companies with good ESG scores pollute as much as low-rated rivals. The finding holds true even when researchers looked only at the environmental part of the metric
Beyond Meat sales fall 30% in setback for vegan burgers. Firm once valued at $10bn blames ‘interest groups’ for spreading health concerns
Fed's Harker: We will probably start cutting rates sometime next year, probably one of the most-dovish comments from any Fed member in over a year, meanwhile...US Atlanta Fed GDPNow Index Q3: 4.12% (prev 3.87%) ..another hike and not cut if true..
BRICS summit, economic shift: Exploring a new currency and possible de-dollarization. While finding an alternative payments solution is fraught with challenges, bloc members nonetheless stay bullish to explore such a possibility
MS : The Senior Loan Officer Survey results “support our team’s forecast that loan growth will be minimal through the rest of the year ..”
FBI official who worked Trump-Russia probe, later accused of conspiring with Russia, to plead guilty
"There's a massive amount of Treasuries entering the market over the next few months. An onslaught of issuance.... In the Repo market, this all points to one thing: Higher Repo rates. More Treasury supply in the market requires cash to fund it." - Curvature
Brazil is hosting the Amazon nations in a bid to save the world's largest rainforest. President Lula seeks to follow through on his pledge to stop all deforestation in the Amazon by 2030
SF Fed research: "Banks that experienced larger market value losses on their securities during the monetary tightening cycle in 2022 extended relatively less credit to firms."
New factories are been built across the U.S and economists are giving President Biden a sizable chunk of the credit thanks to recent laws encouraging new infrastructure, clean energy, and semiconductors
Markets :
EURJPY toppy still 157-158 area, GBPJPY 183 etc, other crosses similar picture, AUDJPY has the weak China story in there too though nice little bounce since yesterday, FXland not particularly exiting but watch out USDCNH 7.25+, EURUSD below 1.0900 etc
Equity markets : relatively quiet on the surface (main indices), pretty volatile down below, this market doesn't 'pardon' anyone who's missing on earnings or lower guidance
Bonds, all about supply this week (short-term test 100bn), and over next few weeks and months, with U.S CPI tomorrow key
'That's just bureaucracy': Inside Biden’s campaign to keep the factory boom going (yahoo.com) but more work to do on this front Elon Musk Says We Need Way More Electricity. Is He Right? - WSJ 'Unless legal barriers to new electricity infrastructure are resolved, America's plan to recharge manufacturing—to say nothing of the transport sector—may fall short.'
BRICS summit, economic shift: Exploring a new currency and possible de-dollarization | Al Arabiya English >>> Dubai media is now reporting the BRICS summit as an "economic shift", but still not even a murmur from western media
As one would expect..
Xcellent read - no matter which side of the fence you are on, investor or not, IMHO, AI is not going away, not a chance, au contraire, but revenue scheme, who wins economically speaking and so on, is tricky, and however long it takes, years perhaps... it's not instant mega winner like the lottery.. and anyway it's all about the data in reality.
Surprise surprise...
Empire rising, falling, fighting each other, now China and Russia mostly involved in Africa (over the last 5-10years let's say)
A great fab, too expensive and bit too much salt for my liking.. and now with inflation and consumers tightening their belts..IMHO, if anyone doesn't want to eat meat, then don't
WeWork's peak private valuation was $47BN It went public in a SPAC merger with a $8BN valuation It now has a market cap of $400MM - truly amazing - WeWork bonds yield almost 90% >>> p.s. there are many great positive example out there too
no Brexit..?
Welcome to the Slow Boat from China (finews.asia) plenty of views out there that China is/will struggle with 'boring' growth for years to come, dealing with 'overbuild' of everything of the last 10y
China Buys 23 Tons Of Gold In 9th Straight Month Of Purchases, Total Rises To Record 2,137 Tons | ZeroHedge seems like a lot of XAU
AUDUSD held that big 0.6500 area - so far anyway - U.S: CPI key
