Dragon boat festival starts in China, HK and al
AAPL : Apple is trying to trademark a very simple imagine of an apple. Swiss farmers used an image of the fruit in their logo for decades, the tech company is now suing them
AI-powered teddy bears could read personalized bedtime stories to kids within 5 years, the boss of a major toy producer said
UK inflation stuck at 8.7% in another cost-of-living shock, core UP from 6.8 to 7.1%.. >>> inflation doesn't go down just because PM says it will, in reality core has risen nearly 1pct, 50bps hike would still mean a real 50bps cut..
Musk Says Tesla hopes to invest in India after Modi meeting
BTC - lots of big new ETF issuers and different setup, this is quite probably pretty bullish and exactly what the SEC wanted to happen long-term - EDX crypto exchange goes live offering bitcoin and ether trading, backed by Schwab and Fidelity
40 million Americans will have to pay an average of $350 a month after a ~3 year pause That's a $14 billion PER MONTH burden on American consumers, on top of inflation, rising rates, and layoffs
SEK hit a new record-low vs the EURO around 11.80, that's a 50% depreciation over the last 10years
"Both retail and institutional investor sentiment has reached its highest levels in over 2 years and registered readings in the top quintile of the past several decades" --Morgan Stanley
Markets :
Equity markets slightly softer (higher terminal rates and timing post OpEx)
USD mixed, GBP weaker on higher inflation data (and too slow hike, reals etc), CROSSJPY's still firm(er)m USDCNH 7.20 nearly..
Rates all about Terminal rates that have moved higher lately, 4pct in Europe, 6pct in UK and so on, most obviously related sector to '' higher for longer' rates will continue to struggle
GOLD needs to head backl to $1950-75+ for the bulls to come back
Electric vehicle maker Rivian says it will follow General Motors and Ford and join Tesla’s charging network next year, TSLA winning that ''charging network war!''
So sad!
Have a great day
Team PVM
Comments