Coal : India plans to triple underground coal minind to meet enegry demand AND.. A total of 15 nations, including the UK, Canada and Germany, are stepping up to halt new coal-fired power stations and clamp down on polluting existing plants ahead of the COP28 summit... (both FT article)
We have just seen the biggest 2 week inflow to equity funds since February 2022/BoA
The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that such sales could douse a long-desired rally, three people familiar with the matter said, that's one way to lift the market!
DB cuts German 2024 GDP forecast by a whopping 0.5ppts to -0.2% due to the budget crisis following the Constitutional Court hearing
Bankers servicing one of the world’s biggest ESG debt markets are now actively seeking legal protections to guard against the potential greenwashing allegations that may be ahead >> '''so their thinking is, we had pure motives, so we shoudl not have to suffer the consequences of our bad risk management''?
Bank of England Governor Andrew Bailey suggests that interest-rate cuts are unlikely for the “foreseeable future”
Nasdaq has now listed 0DTE Options (Zero Days to Expiry) for ETFS tracking silver, gold, oil, natural gas, and treasuries
Warren Buffett-Backed BYD Hits 6M EVs, Puts Pressure On Tesla In China (shares on June 2021 lows, competitite out there)
The Swiss National Bank is evaluating whether to raise banks’ minimum reserve requirements, President Thomas Jordan told Neue Zuercher Zeitung
Markets :
GOLD, steady as she goes (higher prices making XPT look stuper cheap too)
Copper 'breaking up' technically
VIX hit the lowest level since January 2020 - supporting risk
Bonds : market fading this rally ? 10's UST yield support 4.35% ...>>> $7.6 trillion of US government debt will mature in the next year
USD 'softer' overall still
Equity markets had a huge rally, lower vols/delta management/systematic buying etc, from here on it should be less powerful (MS pointing out the delta management becoming less friendly into year-end, those looking for decent timing to put a #hedge on it's probably not a bad time to think about it now #timeforahedgingtrade
Gold hits six-month high as traders bet interest rates have peaked - latest updates (telegraph.co.uk)
NO NO NO!
Anti-Crypto European Central Bank President Christine Lagarde’s Son “Lost Almost All” Investing in Crypto (yahoo.com)
Julius Bär bank details shaky loan position - SWI swissinfo.ch .... how was this allowed to happen...from a risk management point of view...
India plans to triple underground coal mining to meet energy demand (ft.com) and FT again, A total of 15 nations, including the UK, Canada and Germany, are stepping up to halt new coal-fired power stations and clamp down on polluting existing plants ahead of the COP28 summit...
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