RBA governor Michele Bullock says central bank now dealing with 'homegrown' inflation challenge, and questions government's housing target >> sticky inflation
Deloitte, KPMG ask US staff to avoid carrying their work phones to Hong Kong
US oil and gas production set to break record in 2023 despite UN climate goals
President Joe Biden has opened the first meeting of his supply chain resilience council by warning companies against price gouging and saying that his administration is working to lower costs for U.S. families
Copper been grinding higher, Iron Ore prices at highest since June 2022 (low inventories) >>> lower USD and higher commodity prices in 2024..
UST >>> technically this 4.35-4.40% area is big, T-note has failed to beark 109-110 last 10 sessions >>> definitely a big lev
SPX500 4550 area mentioned by BoA/Hartnett, will get harder to move higher from here, huge November momentum 'slowing down' clearly
USDollar has done a fair bit too, nothing wrong with banking a bit of 'P' on recenbt usd shorts..
RBA governor Michele Bullock says central bank now dealing with 'homegrown' inflation challenge, and questions government's housing target (msn.com)
Biden says he's helped lower inflation as he hosts first meeting of his new supply chain council (qz.com)
General sentiment USD breaking down >>> IMHO, a small matter of a huge debt roll worth 8trn next year, either bond yields to their work higher or the USDollar weakens to price in some sort of risk into this huge equation !
Barclays Bank is reportedly axing up to 2,000 jobs as part of a $1.25 billion cost-cutting plan (yahoo.com) further axing within investment banking
Deloitte, KPMG ask US staff to avoid carrying their work phones to Hong Kong, report claims (msn.com)
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