Why the SNB should reconsider the Gold Question #XAUUSD
Big downside surprise in French inflation, CPI down to 1.2% in September!, services inflation down to 2.5%, ECB will move sharply again in October, Spain similar to rest of europe will show similar dets
#USDJPY down - Shigeru Ishiba wins LDP leadership race run-off, will be Japan's next prime minister - Ishiba received 215 votes in the run-off while Takaichi only got 194 votes. That's good news for yen bulls, as Takaichi was the one who had been vocal in scrutnising the BOJ for hiking rates too fast. So, Ishiba winning at least takes some of that pressure away.
All In - David Tepper just said he broke (risk) limits to own China, 15-20% is usually his limit, but we think he is higher than that. When asked about a "hedge" he said I have no hedge, valuation is the hedge... >>> Technically, the double bottom is confirmed for many of the Chinese indices, china was the most significant contrarian trade this year!!..., it's coming together! potentially a long way to go >>>> basically it's as big as what Draghi did in 2012, and if it's not enough, China will do more! it's the BIG bazooka and add softer crude which is another stimulus !
BASF, the world's largest chemical company, will cut its dividend by as much as ~33% (to "at least" €2.25 per share from €3.40 per share last year). BASF has been one of the biggest victims of the European energy crisis
U.S Regulators are exploring a requirement that larger banks maintain a minimum amount of readily available liquidity with a “pool of reserves and pre-positioned collateral” at the discount window, based on a fraction of their uninsured deposits
UK chancellor ready to water down planned tax raid on wealthy foreigners
Rachel Reeves had hoped to raise £1bn a year by tightening rules on ‘non-doms’
SNB cut rates by 25bps as expected BUT conveyed very dovish tone significantly revising down the entire inflation path by 2027
Rudy Giuliani disbarred in DC after pushing Trump's false 2020 election claims
Former Defense Minister Ishiba chosen as Japan’s next Prime Minister, appointment next week, japan, Shigeru Ishiba, japan new prime minister, japan election, fumio kishida, world, latest news, (mathrubhumi.com)
This is potentially another huger source of liquidities
Joseph Wang on X: "Barr is boosting demand for Treasuries by strengthening the fungibility between reserves and Tsy for banks. He will allow banks to take into account monetizing of Treasuries via discount window or standing repo facility for their liquidity tests. https://t.co/AUcOT39nE2" / X
Mark Cuban on VP Harris' move to the center: She believes the country needs to come together (cnbc.com)
Hao HONG 洪灝, CFA on X: "China Politburo held a special meeting, and set the Chinese market on fire. It’s special because: - It’s unusual to hold a politburo meeting to discuss the economy in September. The timing is out of ordinary, and the timing of the announcement is set to coincide with the policy https://t.co/cfCRamWGQp" / X
Louis Curran on X: "My Take On China China - I was working on a presentation yesterday which I'd spoke to one or two about, which basically suggested that the steps and style of how the PBOC intervened 2 days ago were emblematic of Draghi's effort's to Stabilise the Euro in July 2012. We will do https://t.co/EbqFLv1to5" / X couldn't agree more with L C !
Billionaire investor David Tepper on China: Central bank comments 'exceeded expectations' (cnbc.com)
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