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Writer's pictureStéphan

No U.S govt shutdown, most likely / RBNZ dovish / U.S core PCE up next tomorrow / NASDAQ 18K toppy


  • Government shutdown: US lawmakers optimistic on spending deal

  • Traders are betting on substantially stickier inflation in the US for the next few years. Breakeven rates on 2-year notes are current at 2.75%, the highest lev in almost 1y

  • Germany's Scholz rejects talk of sending troops to Ukraine from Europe or NATO

  • RBNZ statement : surprisingly dovish relative to next meeting

  • EUROUSD slightly softer, but pretty dull given growth differentials

  • Apple abandons electric car efforts, will prioritize AI, ,competition is now fierce in EV, and the market is no longer building huge expensive limousines (less attractive to AAPL)

  • China doubles down on national security, expanding its state secrets law

  • 'Urgent' for G7 to Seize Russian Profits for Ukraine: Yellen

  • Saxo : While the US PCE Core Deflator tomorrow is expected to show the YoY slow to 2.4%, the expected 0.4% MoM rise would lift the 3 and 6-month change to near 2.5% from below 2% last month

  • Markets : USDollar a little firmer (KIWI, AUD, EURO weakness), NASDAQ 'failing' near 18K, DJ 39K similar picture and SPX500 5050/5100 area

 








NASDAQ


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