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Writer's pictureStéphan
Jun 202 min read

#Norinchukin warnings / ECB pushing EU members to reduce debt / #USDBRL worst in class YTD


  • Hezbollah, Israel escalations and rhetoric could plunge Lebanon into war. Both sides are barely staying within the rules of engagement, leaving Lebanese anxious over what comes next.

  • The S&P 500 dividend yield continues to decline, now around 1.35%, Tech Stocks Forward P/E Ratio jumps to 30.9, the highest since 2002

  • Euro-area members must start reducing debt immediately in the face of enormous long-term fiscal risks from ageing populations, defence spending and climate change/ECB

  • Giorgia Meloni’s hard-right European group claims a top EU job

  • #USDCNH grinding higher, highest fix since November last year, and #USDBRL is worst in class YTD within the EM world, worse then even MXN, TRY or Argentina

  • What's known, and not known, about the partnership agreement signed by Russia and North Korea

  • Shipping industry urges Red Sea action as Houthis sink second vessel

  • Century-old Japanese bank sends warning to world on higher-for-longer rates

  • Boss of U.K. bank that just turned its first profit says introducing a 4-day week for his 547 workers was way easier than going hybrid

 
















#EURUSD consolidation coming to an end





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