U.S inflation exp up / China's update / Positive start to U.S Earnings season / UK's Starmer's big day in the city
- Stéphan
- Oct 14, 2024
- 3 min read
Week ahead : OPEC meeting today, retails sales, Philly Fed, 11 FED speakers this week again! and about 10% of S&P500 companies report their earnings (kicked off quite strongly with banks on Friday). China PPI overnight cools again in Sep (hence CHINA action last 10days..) & CSI relatively quiet after conf call on Saturday (closing 2-3% higher from early lows), UK's Starmer's big day in the city, most US markets closed for Columbus day
US consumers' inflation expectations for the next 5-10 years skyrocketed to 7.1% in October, the highest in over 40 years
US High Yield credit spreads have moved down to 2.89%, tightest levels since Jun 2007
Golden times for gold fans. Prices for the metal have shot up this year even as inflation risks have receded, prompting calls to give it more respect-FT
China starts military drills around Taiwan, with planes and ships encircling the island
Ukraine war latest: Ukraine is holding front line in Kursk Oblast despite Russian attacks, Zelensky says (msn.com)
Copper prices to hit record high in Q4 2024 on Fed cuts and China stimulus – Fastmarkets - MINING.COM
The Kobeissi Letter on X: "US consumers' inflation expectations for the next 5-10 years skyrocketed to 7.1% in October, the highest in over 40 years. This metric has DOUBLED in just several months, according to the University of Michigan Consumer Survey. To put this into perspective, median inflation https://t.co/EZIo5ioAWU" / X
Unicus on X: "🚨 The Market is Open tomorrow. 1. Inflation is spiking, again. 2. The U.S Consumer sentiment falls on higher costs. Here is what to know for the week ahead- a thread🧵 https://t.co/wQVKvDk9A2" / X
Better late than never
Trump Biopic 'The Apprentice' Flops in Opening Weekend, Plays to Mostly Empty Theaters Despite Massive News Media Push (breitbart.com)
SAD!
Everything Space on X: "SpaceX have just caught their 70m tall Starship booster on their 1st attempt! 🤯 📹: SpaceX https://t.co/Y5i27kFhgB" / X
https://thequantuminsider.com/2024/10/11/chinese-scientists-report-using-quantum-computer-to-hack-military-grade-encryption/ ''Chinese quantum computer just cracked multiple SPN algorithms. This is way bigger than cracking the ENIGMA code. The future of encryption is at stake.”....can't claim i know anything about this, but there you go.....!!...Chinese researchers, using a D-Wave quantum computer, claim to have executed what they are calling the first successful quantum attack on widely used encryption algorithms, posing a “real and substantial threat” to sectors like banking and the military, as reported by SCMP.
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