This week, the European Union is expected to reveal provisional tariff rates for Chinese electric vehicles
U.S CPI expectations for tomorrow (below), market focused on disinflation process, so markets more prone to react to disappointing/higher inflation data, with equity markets sitting on ATH's, dot plots, guidance all will be scrutinised as usual, about 2 cuts in sight for 2024, Powell likely to balance and stick to that view overall
Israel latest : Blinken on a 3day tour in ME, asking leaders to press Hama for a cease-fire and pushing Netanyahu to embrace a deal, UN Security Council backs Israel-Hamas ceasefire plan
#USDMXN was up 10% or so last week, ''most popular carry trade of the last 2years'' ..came unstuck, overblown narrative with 'onshoring' probably, these do not tend to happen on their own so do watch out if 'other carries' get challenged.. >>> bottom line politics do move markets, EU elections tame reaction so far, the real deal comes late June/early July with France and UK
Danish offshore wind hit with price increase of EUR 6bn: ”There’s not a penny to be made from this"
NZ Government to reverse oil and gas exploration ban
France : Far-right leader Marine Le Pen’s National Rally is seen garnering 34% of voter intentions in the first round of upcoming French legislative elections, compared with 19% for President Emmanuel Macron’s ruling party, according to a poll - Bloomberg *The left-leaning grouping that includes France Unbowed, the Communists, Socialists and Greens would get 22%, the survey by Toluna Harris Interactive for Challenges, M6 and RTL said on Monday
#TSLA CEO Elon Musk's $56 billion pay package unlikely to receive shareholder approval warns Bernstein
#marketconcentration S&P 500's Top 10 Stocks now account for an all-time high 35% of the whole SPX500
US buys 3 million barrels of oil for Strategic Petroleum Reserve...as expected!
Yup around low $70-75 it's cheap..
COT: Brent long cut to ten-year low; Metals left exposed to end of week slump | Saxo Group (home.saxo)
Share buyback rush approaches 23 years in 5 months, supporting stock prices - Japan Keizai Shimbun (nikkei.com)
Danish offshore wind hit with price increase of EUR 6bn: ”There’s not a penny to be made from this" (energywatch.com)
Paul Johnson on X: "There isn’t £40bn a year to be had from reducing interest paid on reserves at Bank of England. Not even half that. Can’t “fund” tens of billions of tax cuts like this. We don’t want a rerun of September 2022" / X this can be 'discussed' in all countries, including U.S.. watch those banking share prices
Benjamin Leruth on X: "I've been thinking a lot about Macron's decision to call for snap elections, and the consequences it may have on French and European politics, and I think I've cracked the code. https://t.co/dPdrb1xdxL" / X
All about France, why now etc
The world’s rules-based order is cracking (economist.com) Human-rights lawyers are trying to save laws meant to tame violent rulers
#WTI crude won't go lower
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