Markets : Trump just told Time magazine that they'll use INFLATION to deal with their $40T debt problem (good Thread), he also eased 'diesel' limits, $16.75B+ of US debt scheduled to be bought back this month.. (Thread), Citadel Securities says economic strength drives Higher U.S yields, Japan 30-year yield soared to highest level in history 4.26%, Oil is flowing from Hormuz again – Just not the kind the world needs most. The scramble is on for diesel, while damaged refineries and tight fuel supplies keep prices elevated around the world >>> Crude softer, welcome news for Europe (in particular, DAX catch up ??) , USD peak ? hard to pin point why though, watch price action!, rates stay high (across globe), GOLD has held well in face of higher rates globally (bond risk) France: Central Bank Gov sounds the alarm: ‘We’re being strangled by interest rates’, France will 'reassure' bond investors.... ( >> hang on he was Sec General for the President previously..surely not...), big state, massive public sector, enormous taxes, and immigration. Result? Stagnation, discontent, and a monster debt crisis. Taxpayers in France are fed up, and recipients of subsidies are relegated to a dependent subclass. Von der Leyen: €300 billion in European savings flown overseas every year, primarily to the US, will be invested in Europe from now on. All 27 EU states agreed to establish the S&I Union, a step toward the full Capital Market Union Switzerland is highly sought after by international talent. However, astronomical rents, a housing shortage and the hurdles of integration take their toll Aramco CEO Amin Nasser says nearly 3B barrels of oil supply have been lost, about half of what would normally move through Hormuz, and emergency reserves "may buy us a winter." Gold retains key reserve status despite surging bond yields, central bankers say The battle for one of the world’s most important shipping routes is shifting quickly... Saudi-backed Yemeni forces have seized key positions overlooking the Bab el-Mandeb Strait, The stakes go far beyond Yemen: with Hormuz already restricted, Bab el-Mandeb has become even more critical for global oil and trade flows Felix Nikolas Prehn 🐶 on X: "Trump just told Time magazine that they'll use INFLATION to deal with their $40T debt problem. They've printed about $1T into the ecosystem in 8 months. If your salary hasn't kept up with the new of cost of living, YOU just got poorer. Let me explain what I mean:🧵" / X France: Central Bank Governor sounds the alarm: ‘We’re being strangled by interest rates’ - Il Sole 24 ORE French central bank head warns country at risk of being ‘strangled by interest rates’ France’s fiscal reckoning is a warning, not a model Ukraine war latest: Russian losses soar by 46% during 2026 Saudi-backed Yemeni forces seize Bab el-Mandeb Strait from Houthi rebels | The Independent CNBC Daily Open: 'Red' diesel to hit U.S. highways Separatists win provincial elections in Québec in test for Canada PM Nic on X: "$16.75B+ of US debt scheduled to be bought back this month. - $12B+ targets 10–30yr debt - Long-end buybacks have been doubled - Operations can now reach $4B+ each - 30yr yields remain near their highest level in 2 decades Billions in buybacks. Still no relief in yields. https://t.co/jMsiEDOJNf" / X Gold retains key reserve status despite surging bond yields, central bankers say | Reuters Russian gold floods Hong Kong as Western sanctions redraw bullion trade Marcos Agustín on X: "🇪🇺🇭🇺 The Russian era in Hungary has ended. Hungary will lift its veto on Ukraine and Moldova. 🔸 Ukraine, Moldova, Montenegro and Albania will join the EU in the coming years 🔸 They will gradually integrate into the Single Market before full accession. 🔸 The UK will rejoin," / X Trump approval ratings plummet to new low, polls show | Donald Trump | The Guardian ‘Anyone moving to Switzerland just for the money often ends up disappointed’ - SWI swissinfo.ch Bundesrats-Favoritin Amaudruz, Zögling von Ermotti – Inside Paradeplatz GMO sends stark warning on stock market - TheStreet Nobel Prize 2026 awarded for showing how nerve cells shape feelings GM says hybrid vehicles are coming: 'We're not tone deaf'

Markets : EURUSD now on 18months lows (EURJPY still massively higher..JPN liquidation coming ? seems so) - EUR-Crisis 2.0 ?... (France debt, Spanish snap election etc), USD bounces back after weak NFP on Friday, Brent crude still around $100, Brail markets (ETF) rallies nearly 7% overnight on Bolsonaro lead and most likely win, Luxury London homes values are down by almost Half in Real Terms, G7 agreed to release 100mio barrels of diesel and crude last week >>> SPX500, QQQ on highs, yet not all that well underneath it all (same old picture..), rates dipped on weak NFP but didn't stay low for long Trump tells South Korea to sign on to Alaska LNG deal or ‘I’ll just charge them more’ ‘Unwelcome and unsafe’: Why Japanese companies are retreating from China at a record pace Russia hospitalizes almost 200 people after researcher’s death from plague Trump tells South Korea to join Alaska LNG deal or pay more Euro sinks to 17-month low as French fiscal woes spur contagion fears | Reuters Nic on X: "Japanese investors are DUMPING French bonds. They hold $145 billion worth & now they're heading for the exits Holdings are down 2.5% this year and some like Sumitomo Mitsui sold everything. Even with French yields at their highest level since 2002, they don't offer much more https://t.co/euBgPD6szA" / X Micron just sent a stark memory chip warning to tech stock investors - TheStreet Surging Treasury yields don’t signal a U.S. 'fiscal apocalypse' — yet Japan's century-old businesses are disappearing at a record pace Bolsonaro leads Lula as Brazil election goes to run-off Under pressure from the PSOE and the government, Sánchez is heading for a snap election - Il Sole 24 ORE Swiss Senate introduces new immigration tax - SWI swissinfo.ch Startup success is rare enough in the UK without any more taxes ‘People are deserting it’: why are London mansions struggling to sell? | Property | The Guardian Plague: Russia hospitalizes almost 200 people after death: Reports

Europe is finding itself sandwiched from all sides when it comes to refined products — diesel in particular (some of the damage is due to the US-Iran war; some is due to Ukraine-Russia; some is due to China, and a lot is self-inflicted). Policy response: Head in the sandAmazon seeks to shift about $8bn of NVDA's chips off its balance-sheet, and lease them back with investors providing financing (CoreWeave did the same, same as hyperscalers do, NVDA finances companies to buy NVDA chips..and these companies hige the debt in SPV's..>>> This is most-desperate thing 'ever'..but so 2026 !... Markets : 'Welcome back,’ says Macron, as British PM opens door to EU return (repeat..won't happen, can't happen, but closer to EU, bilaterals type scenario, sure is a 'must'), US tells France and Germany to release diesel stocks or face US export ban, Fed’s Lorie Logan said rates need to rise to fully cool inflation, suggesting US yields may also help slow the economy, Investors dumped the BlackRock Mortgage Bond ETF last month at the fastest pace in history, surpassing the Global Financial Crisis and Covid, bank continue to weaken (GS is now 20% off highs-for example), JPN Inflation 2.7% (exp 2.3% - BoJ's target blown through) >>> French bonds a clear issue for EURO going into 2027, bond market sell-off beginning to really hurt, and repricing of risk buckets happening (heavily geared companies in big struggle), clear 'risks' going into Q4 2026.. (diesel, Middle east still, hyperscalers 'off-balance-sheet' deals, plenty of elections coming up, with Brazil first round this weekend, US med-terms soon ! andof crouse France next year US deploys more troops | The Pentagon will deploy 10,000 more troops and a third aircraft carrier to the Middle East, | Iran is preparing a broader and more forceful response if the United States resumes large-scale military attacks Japan’s prime minister says her policies will boost confidence in the yen after U.S. intervention falls short Amazon seeks to offload $8 billion of Nvidia chips to investors, FT reports | Reuters US won't 'sit there and take' overproduction from China: USTR Greer - Nikkei Asia France: Student protests over conditions at French high schools fuel political clashes French bond spreads widen as OAT market pressure intensifies EU nations to hold emergency meeting on soaring diesel prices amid US pressure - CNA Brazil election: U.S.-China rivalry and government debt loom large CNBC Daily Open: Bond yield whiplash grips global economy Andy Burnham's 'big gamble' to put London back at heart of Europe after Brexit blunder | The Standard Bargain Britain lures foreign buyers as hostile takeovers surge Merz accuses Russia of supporting Germany's far-right AfD | RBC-Ukraine Japan: Yen valuation is a problem, intervention efforts disappoint Tokyo core inflation rate jumps in September, bolsters case for more BOJ hikes | Reuters South Korean President Lee warns of 'measures' against Ukraine Bond markets give France a whacking for fiscal irresponsibility Sir Alex Ferguson on brain haemorrhage and games that shaped his life - BBC Sport ‘Wrongdoing’ at Manchester City should lead to ‘appropriate consequences’, says Downing Street | ITV News Granada Swiss gas sector views coming winter with concern - SWI swissinfo.ch

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