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Writer's pictureStéphan

Stronger NFP, back to 25bps cut in Nov / #HSI 2.5y highs / EU tariffs on China EV's / FOMC Wed & U.S CPI focus now



  • Strong NFP Friday + port strike ended : FED cut expectations felt like too much priced in..speed of rates cuts...>> Nov cut expectations immediately down to smalls below 25bps, USDollar pushes higher, yields and stocks up >>> it's about growth and markets liked it >>> FOMC on Wed, CPI on Thursday (Goldman sees: +0.10% headline m/m +0.28% core m/m +2.27% headline y/y +3.16% core y/y) and PPI Friday, then earnings season again and U.S election early Nov

  • #Lithium prices collapsed in recent months...RioTinto confirmed that it has approached Arcadium Lithium about a possible takeover, a deal that would make Rio Tinto one of the largest producers of lithium in the world

  • HSI 2.5y highs, that's a 30% rally since the shock and awe moves from China, GS says surging chinese stocks may advance another 20%, not good been a teacher in China : China demands schoolteachers hand IN their passports!

  • EU executive to adopt a 45% tariffs on Chinese EVs after vote

  • Trump threatens a 200% tariff on vehicles imported from Mexico, Donald Trump would raise the US debt by twice as much as Kamala Harris, report finds

  • Rachel Reeves to spare PE bosses top UK tax rate in compromise on ‘lorio tinto ophole’

  • Over the month, contracts for goods ‘Made in Germany’ declined by 5.8% in August after unexpectedly rebounding 3.9% in July, whaoo that's another big miss

  • SPX big picture 5750/5800 resistance, with most bullish views are for 6K into year-end, that all said most are guessing on geopolitics/crude, earnings, FED speed of cuts AND U.S elections coming up


 

Is your portfolio ready for the US election?











Good grief another one underway


#lithium market alive again


When a restaurant gets a Michelin star: Customer expectations rise, employee wage demands rise, suppliers expect you to pay more, and the restaurant is more likely to go out of business in the ensuing years



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