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Writer's pictureStéphan

Global IT issues / Higher U.S jobless claims / Soft or hard landing /Trump interview transcript / SPX500 5500 key



  • Cybersecurity platform Crowdstrike down worldwide, many users logged out of systems

  • Soft or hard landing ? >>> the recent macro data point to a slowdown in the U.S, Euro area, and China, the key question for investors is whether this is a temporary weakening, or the start of a more pronounced downturn.  History suggests the slowdown can turn into a sharp deterioration, relatively quickly, but the data at hand continue to point to a soft landing

  • U.S Jobless claims hit highest level since August 2023 -- 243K


  • Donald Trump Interview Transcript on currencies :

    "We have currency problems, as you know. Currency. When I was president, I fought very strongly and hard with President Xi and with Shinzo Abe, who’s a fantastic man—actually, you know the story there..." >>> watch out over coming weeks, as he meddles with FED (on interest rates policy) and USD comments

  • China's Third Plenum does nothing to revive economy, observers say

  • French lawmakers re-elect Macron's ally Braun-Pivet as speaker in blow to left

  • Japan's government cut this year's growth forecast on Friday as consumption took a hit from rising import costs due to a weak yen, highlighting the fragile nature of the economic recovery >>> #USDJPY in the grand scheme of 'carry trades' must hold the 155 USDJPY area, which it seems to have done this week

  • Equity markets . NASDAQ bulls want 19500 to hold on weekly/medium-term basis and SPX 5500 area


 










SPX500 needs to hold around 5500 clearly.



NASDAQ


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