Markets survived the NVDA earnings ! Markets relatively calm (Bonds, eq), perhaps a slight edge to sell rallies/reduce risk going into thanksgiving, there will be big UST auctions into Thanksgiving which could unsettle a few things, also headlines out of UKR/RU could well keep markets nervy going into weekend
Eurozone wages rise by 5.4% in third quarter. ECB forecasts growth in negotiated salary deals to slow after biggest increase since 1990s. Low growth and high debt risk Eurozone debt crisis, ECB warns
USTs/30yBonds lower again with yields pushing above 4.60%, early next week, have Thanksgiving auctions to focus minds >> tough sells during the quiet Holiday week >>> Two of the world’s biggest foreign holders of US government debt offloaded a pile of Treasuries in the third quarter as they rallied before the presidential election
UK : How many farmers will actually be affected by the changes to inheritance tax?
Archegos founder sentenced to 18 years in prison >>> Found guilty of fraud or guilty of loosing the wrong people money? He isn’t the only person that uses TRS for the same reasons and def not the only guy that didn’t tell his PB what his overall positioning was. Fact is the prime banks were less than average at their job
France's Le Pen threatens to topple government on cost-of-living concerns
Biden administration moves to forgive $4.7 billion of loans to Ukraine
Corporate insiders cash in on post-election US stock market surge. Insider sales reach all-time high as executives from Goldman Sachs to Tesla lock in equity gains
U.S. Department of Justice asks judge to force Google to sell off Chrome internet browser
JPY : Japan's largest insurer to raise expected interest rates for the first time in 40 years
The Rest Is Money on X: "How many farmers will actually be affected by the changes to inheritance tax? @DanNeidle does the math... https://t.co/lf5hlDRr2Z" / X >>> not many...
Ole S Hansen on X: "EIA's weekly report showed the biggest drop in #crudeoil production (-0.2mbd) since January due to Hurricane Rafael. Inventories (+0.5mb) cont. a seasonal rise while exports (+0.9mbd) and imports (+1.2mbd) both rose. Implied demand (4-wk avg.) for #gasoline and diesel both fell, https://t.co/sdMti1SVaX" / X
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