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Writer's pictureStéphan

#Schengen, tighter border controls in Germany, Barnier comments / EV transition delays / U.S debate is tonight !



  • I respect Le Pen’s ideologies, says Barnier as he calls French borders ‘sieves’

  • Germany to tighten border controls after stabbing >>> Deputy federal chairman of the Federal Police Union: 'The crisis in Germany's security is a direct consequence of Schengen's ineffective policies. Schengen's inability to manage migration effectively has put Germany's safety at stake. Germany must realize the current failure of Schengen and either make a concerted effort to return to the current legal situation or terminate Schengen.’

  • Ukraine-Russia war latest: Massive Ukrainian drone attack hits nine Russian regions including Moscow

  • Draghi’s report risks colliding with EU political reality >>> not the 'whatever it takes' from 2012

  • Yellen 'probably done' when Biden ends term, may meet Chinese counterpart soon >>> Who will clean this up ? By issuing nearly $2T of T-Bills, Janet Yellen succeeded in suppressing bond volatility in an election year, now - this paper has to be rolled over #duration

  • Biggest US Banks’ Capital hike chopped in half in latest plan by Regulators >>> ''shaky Florida condo market'' and commercial real estate market the reason ?

  • Falling interest rates in and of itself is positive especially positive for cyclical stocks, JPM is uncomfortable about the growth environment.  Its preferred trade in anticipation of Fed rate cuts is small vs. large caps

  • MS leaves its baseline view of a 25bps Fed rate cut in Sept unchanged after the Aug employment data, labour market is cooling, but not perilously so, appears to be shared by FOMC members, as evident from the speeches of NY Fed President Williams and Fed Board Governor Waller

  • Chinese refiners are reportedly purchasing approximately 16 million barrels of oil monthly to refill the nation's Strategic Petroleum Reserve, taking advantage of the current low oil prices, according to Bloomberg's insights from Energy Aspects

  • EU top court rules Apple must pay €13bn in back taxes

  • Car giants are being forced to confront some hard truths over the EV transition


 








is this why ?









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