The Chinese government is tightening controls over exports of two key materials used to make computer chips. >>> From next month, special licenses will be needed to export gallium and germanium from China, which is the world's biggest producer of the metals >>> EU must respond to China's new rules requiring license to export two metals used in semiconductor manufacturing, the Dutch govt said Tue. The Netherlands on Fri announced new rules requiring license to export chipmaking equipment made by ASML
China’s Caixin Services PMI for June eased to 53.9 versus 57.1 prior
RBA : reiterated guidance that some further tightening may be required, depending on economic and inflation developments
What Everyone Gets Wrong About Global Debt | Economics Explained, video below
Solar is still a fairly small part of overall silver demand, but it’s growing. It’s forecast to make up 14% of consumption this year
The UK's top universities reached an agreement on how to deal with generative AI. The technology can be seen as an “opportunity rather than a threat” to academic integrity
Weak krone drives record summer for tourism in Norway
White House: Powder found in West Wing that sparked evacuation confirmed to be cocaine
‘It has lost its appeal’: Canary Wharf faces an uncertain future
Saudi Energy Min Tells Conference OPEC+ Will Do Whatever Necessary To Support Market
Markets :
Stellar H2 2023 performance in equity markets, helped by ''way to bearish sentiment back in Q4 2022 and Q1 2023..'' and various FED liquidity action in H1..., we now turned into all pretty bullish sentiment, with some major invest houses lifting their year-end targets towards 4500-4700 SPX500 and most sentiment indicators, AAII bull-bear spread, futures positioning all in very positive mood.. love for risk has spiked lately! summer markets lack liquidities and can turn swiftly, stay tuned! >>> see chart below 4600 no impossible while 4300 area holds
USD remains 'rangy', much more about specifics elsewhere and CROSSJPY's overall, do watch out if we drift lower in risk, these JPY crosses are overbought, yields need to move lower ideally for a decent reaction lower there
WTI crude should not trade much below $70
A cool 16mins video
Most terrible development over last 20+ years - now what ? go private ? sounds good, the essentially the UK government will/would take over the debt, which is big..
SPX500 - as long as 4300 area holds weekly, we can extent to 4600 area - top of the range
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