Week ahead : U.S inflation data (CPI) expected to in at 3.1% on Wed, slowest since March 2021, U.S banks kick off earning season (big earnings week towards end of the month), China also coming up with inflation and trade data, BoC decision, ZEW and NFP data was 'slower-weaker' than expected on Friday. NATO summit this week
UK's Jeremy Hunt unveils plans to boost pension funds’ investment, reforms and even talks of partial rolling back on Mifid !
China’s producer prices sink again in June in latest sign of stalled recovery, Annual producer prices sank 5.4% in June, a ninth-straight decline and the steepest since December 2015, lots of new talks-chatters about China exporting deflation
''The eagle has landed'' : Joe Biden in UK to meet Sunak and King Charles amid Ukraine concerns
The great semiconductor glut is still hurting Samsung, but not for much longer. Investors remain optimistic that the company will perform better as the chip industry rebounds
Mercedes Benz becomes the latest automaker to adopt Tesla's EV charger
Yellen had a ‘constructive visit’ to China with opportunities for ‘more frequent contacts’ in the future, she says
Dutch PM hands in resignation to king to set stage for general election
World breaks hottest-day record for third time this week, U.S. agency says
Lithuania will host a NATO summit on Tuesday and Wednesday that is set to be dominated by the alliance's response to Russia's invasion of Ukraine and Kyiv's membership application.
Gold : Countries are so spooked by de-dollarization and the Western sanctions against Russia, they are increasingly moving gold assets back home for safekeeping
Why a $1.5 trillion source of corporate financing is choking on higher rates
Markets :
SPX500 4400-50 area new short-term resistance
UST yields 'steeper', 10's still above 4%, 2y UST yields dropped 10bps almost after NFP
USDollar (..had not rallied on stronger US data earlier last week...) and weakened on slightly softer NFP Friday, USDCHF worryingly soft >>> a LOT priced in now for the USD and hikes into 2023, remember that 80bps of cuts priced in for 2023 ? good times...now market sees/priced another 1 possible 2 hikes for 2023.. >>> as discussed with you last week, we stay tactically short CROSSJPY from here, and look to sell 'rips' in equity to hedge/reduce exposure
Crude steady $70+
That platform going down the tube eventually if Musk continues like this (mind you already has to a certain extent..)
USDCHF needs to retake .9100+ to stop risk of downtrend accelerating through 0.8800 abd below - GBPCHF interesting topside if we can break 1.1550+ though, EURCHF not finding many lovers either, dull near lows 0.9750 still
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