Week ahead (see below upcoming events), starts of H2 2024, UK election, 2nd round in France >>> ''RN falling short of majority'', 10y spread to Bund narrows by about 8bps, risk rallies initially in europe, long way to go >>> Hung parliament possible
France, RN 33.1%, left-wing alliance 28% and Macron camp 21%, Édouard Carmignac says markets will keep French far right on ‘tight leash’
Biden wants to stay on by the sound of things
Inflation expectations in Japan have risen to the highest since at least 2004 by one measure as the tumbling yen pressures import prices higher, adding to the case for the central bank to raise interest rates
Global shipping freight cost have spiked to the highest level since 2022, and US economic surprise index has plummeted to the lowest level since August 2022
Recycling ‘end-of-life’ solar panels, wind turbines, is about to be climate tech’s big waste business
Iran to hold runoff election with reformist Pezeshkian and hard-liner Jalili after low-turnout vote (msn.com)
Biden’s family reportedly tell him to stay in presidential race as blame shifts to advisers | Joe Biden | The Guardian so 'who's in charge here' ?
Saxo/Upcoming Events:
Monday Japan Tankan, DE Inflation, International PMI, US ISM, Canada Holiday
Tuesday EU Inflation, Unemployment, Powell speaks
Wednesday DE Industrial Orders, US Initial Jobless Claims, Fed Minutes, John Williams Speaks
Thursday US Holiday, UK Election, DE Industrial Orders
Friday DE Industrial Production, UK House Prices, Swiss FX Reserves, US Nonfarm & Unemployment, Canada Labor Market Data
And Saturday a certain England vs Switzerland..
Compounding Quality on X: "7 Finance documentaries and movies everyone should watch: 1. Enron - The Smartest Guys in the Room Documentary that unravels the intricate web of corporate fraud and greed behind the infamous collapse of Enron. https://t.co/mzawAELN9J" / X
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