"Anxiety and Paralysis dominate conversations": GS's Prime's weekly highlights nn trader flows and positioning, U.S pushing to contain ME war, U.S, Israel, Egypt agree to 5hour ceasefire to begin at 6am GMT, coinciding with re-opening of the Rafah border crossing
ECB Lagarde - underlying inflation is still strong, wage growth is “historically high”
New Zealand elects conservative Christopher Luxon as premier after 6 years of liberal rule
75% of S&P 500 debt is fixed rate--in 2007, it was just 44% --BofA >>> few of the largest U.S. corporations aren't that sensitive to interest rates rise (chart available)
China’s central bank is making the biggest medium-term liquidity injection since 2020 [a net 289 billion yuan via a one-year policy loan] stepping up efforts to support the nation’s economic recovery and debt sale
Brexit: 'Call us' on trade, says German finance minister Christian Lindner
Aliyev raises Azerbaijan's flag in former breakaway region of Karabakh
Australia's Albanese takes share of blame for Indigenous referendum failure
Markets :
CHF hit near all time highs vs EURO and few other pairs, EURJPY, see below, topping out for last few months, but no clear 'sell' yet anyway.
Equity markets : geopolitics, crude and energy in focus. JPM, Wells Fargo, Citibank whilst Blackrock underperform missing revenue. For the quarter, Blackrock clients pulled US13bln from long term funds. For the week ahead: GS and BofAML earnings upcoming on Tuesday, MS,TSLA, NVDA (Wed) in focus
Bonds driving sentiment again/still last week, first movers, then the rest reacts
Crude key to follow for ME risk sentiment
New Zealand elects conservative Christopher Luxon as premier after 6 years of liberal rule (msn.com)
Otavio (Tavi) Costa on X: "Peru's silver production is currently at the same levels as it was two decades ago, excluding the pandemic lockdowns period. That is the third largest producer of the metal in the world. Keep in mind: Mexico, by far the largest silver producer globally, is experiencing a… https://t.co/IeBxDer6hO" / X (twitter.com) #XAG
The overall US inflation rate moved up to 3.7% in September, the third increase in as many months. How long will the inflation rate remain elevated, above the Fed’s 2% long-term target? That’s the big question among market participant The Week in Charts (10/15/23) - Charlie Bilello's Blog
SPX500 - below 200dma in low 4200 and mr market will get worried/get caught short vol etc, 4400 resistance area.
WTI
EURJPY (other JPY crosses similar) - been forming a top since end of June - could argue both ways in short-term, BoJ 'should' move on YCC comes Q1 2024, but that's a relatively long way away, that said if markets go into harsher risk-off mood, JPY crosses should/will come under pressure
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