FOMC minutes : suggested that "a few" participants (3?) favoured a 50bps move. FOMC meeting took place before the surprisingly strong January NFP, the 50bp camp might be expanding further behind the scenes. No discussion on the quantitative criterion on a pause either, so further away, Terminal rate for Bullard and few others now around 5.4%
Incoming BOJ Governor Ueda speaks tomorrow, the first time since his nomination
China tells big tech companies not to offer ChatGPT services, and JPMorgan Chase Restricts Staffers’ Use Of ChatGPT , AI like ChatGPT amplifies 'darkest aspects of human nature,' Pinterest CEO warns
Sweden’s Foreign Minister Tobias Billström told CNBC Sweden and Finland’s NATO membership was “just a matter of time” with negotiations with ratification holdout Turkey set to resume
China instructs state firms to phase out big four auditors
Vanguard CEO Tim Buckley says they "not in the game of politics, don't want to dictate companies' strategies"
Meta plans to cut thousands of jobs, after CEO predicted no more layoffs
Google has asked some employees to share desks - optimising space!
German Food CPI jumped 20.2% YoY in Jan, Austria reached 17.4% in January, dry winter weather won't be helping going into summer ! good grief
Russia’s Lavrov will take part in the meeting of G20 foreign ministers in New Delhi. G20 meeting: US Treasury Secretary Yellen: We will continue to impose further sanctions on Russia
IEA Warns That Europe’s Energy war with Russia is not over - FT
South Africans without electricity for 9 hours a day amid "ginormous" blackouts
Markets:
SPX500 testing 50 and 200dmas around 3'990 + trendline support from Oct lows - refer to chart yesterday
DAX has rallied 3'500 pts since early Oct - Pretty impressive, but beware trend support line not too far below current market
NatGas prices slightly higher/off lows on short-covering/spring weather forecasts colder
USD firm(er) as you would expect post 'firm' FOMC minutes, watch out for USDJPY tomorrow though
Bonds all made new lows yesterday, but Terminal rate now about 25bps above latest Fed 'infamous dots'.. so we may well be getting there slowly but surely!
Crude and few other commods a little softer on strong $
England one dry spell away from return to severe drought, say experts | Drought | The Guardian Here we go again...not just a Venice issue!
Food shortages, as energy prices went through the roof last year, wasn't viable anymore to grow anything and everything during our winter in polytunnels..
DAX has had a monster rally since early Oct - time to take some P. !
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