SNB cut rates by 50bp to 0.50% - the 4th cut in this cycle, but the first 50bps cut (CHF strength an issue too...) - while keeping an easing bias. "Underlying inflationary pressure has decreased again", justifying the move >>> stay short CHF, carry etc
US President elect Donald Trump has invited Chinese President Xi Jinping to the January 20th inauguration >>> this ''could be'' significant signs of much better things to come for global growth (very early days though..)
Yesterday, Chinese leaders basically signalled on Monday that they are ready to deploy whatever stimulus is needed to counter the impact of expected U.S. trade tariffs on next year's economic growth
U.S. inflation CPI, was again up 0.3% MoM, for 3rd month in a row!! and 'markets' says that it cements FED cut next week, really? has FED abandoned inflation target then ?
Dollar’s surge sparks biggest fall in emerging market currencies in 2 years
Developing economies also suffering from ‘confluence of bad news’
BOJ leaning toward keeping rates steady next week - little priced in so would be a surprise if they hike now
NATO to consider raising defense spending target to 3% of GDP - Bloomberg
#AAPL now trading at nearly 10x sales, the highest valuation level in company history
Swiss minister flirts with inheritance tax idea
Javier Milei: ‘You already know the chainsaw, now the deep chainsaw is coming’
Statement by the European Commission on the occasion of Bulgaria and Romania becoming fully part of Schengen
Nick Timiraos on X: "👀Falling prices (deflation) of core goods over the last 18 months helped deliver a decent chunk of the disinflation we've seen. That has now ended, with higher car prices pushing up core goods 0.3% on the month (after +0.05% in October and +0.17% in September). https://t.co/7QLxi0TDOB" / X
Just another scam
How good are those funky oat milk and al ? ...
Healthier, eco-friendly, altogether virtuous. This may be how we think of milk alternatives but new research is calling into question the ‘plant-based milk myth’. So what’s the truth? How good for you - and the environment - is your oat milk flat white?
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