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U.S Debt/GDP : 100% / Belgium goes back to nuclear / JPY intervention confirmed / ECB : hawkish tone / SPX 'overbot'

  • sc0172
  • 6 hours ago
  • 3 min read

  • Belgium plans to nationalize all the country's nuclear power reactors, and says that plans to decommission the plants are now "halted with immediate effect." #URA

  • Markets : U.S. Jobless Claims plunge to 189,000, lowest since March 1969,The national debt just exceeded 100% of GDP for the first time since 1946, JPY intervention confirmed by FM #USDJPY 160 top (JPY was helped with crude sell-off !..), U.S stocks best month since 2020, Iran's supreme leader vows to protect nuclear and missily capabilities!... >>> crude is still $105+, markets on highs (overdone..!), Iran-U.S far form clear, let alone over, hard to see real solution from recent comments >>> reduce risk from here, USD had a nice/usual sell-off into month-end, worth squaring up a little too

  • JP Morgan calling out the potential for 2027 interest rate hikes: "We continue to look for a Fed on hold this year, with the next move a firming later next year."

  • PTJ : "If you buy the S&P at this current valuation, the 10-year forward returns are negative when you buy with the S&P P/E of 22. That's what history shows."

  • BoE Gov. Bailey: Monetary policy cannot prevent higher global energy prices from affecting UK economy and inflation, quite!.. The sheer volatility of energy prices makes it impossible to put probabilities on different scenarios

  • ECB: will closely monitor situation, follow data-dependent and meeting-by-meeting approach to monetary policy stance >>> Lagarde's hawkish signal: "we are certainly moving away from our baseline". The unanimous decision to remain on hold was based on "insufficient information, but a rate hike was also discussed today.

  • Deutsche Bank just projected gold at $8,000. Central banks have added 225 million ounces since 2008 while dollar reserves dropped from 60% to 40%. China. Russia. India. Turkey. Saudi Arabia. UAE. All buying. If gold hits just 40% of central bank reserves — Deutsche Bank's model says $8,000.

  • China Signals First Nuclear Supercarrier, A New Era at Sea







ECB Sources: June Rate Hike Very Likely as Governors Debate Further Tightening ECB governors discussed the required amount of policy tightening on Thursday. Several governors believe at least two rate hikes may be needed unless the war ends and Brent crude falls quickly Some policymakers reportedly pushed for a hike on Thursday, but were willing to wait until June Sources say a June rate hike is very likely, with broad agreement on the need to move






















 
 
 

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