The Northern Lights, aka aurora borealis, were visible in parts of Switzerland on Thursday evening - see CH pics in last link
China to Hold Monday Briefing on Enhancing Support for Firms - Statement
Fed president Bostic's WSJ interview was the closest we have seen to an FOMC voter advocating for a November pause. This follows on from SF Fed Daly's comments overnight that she was open to one or two additional 25bp cuts >>> 10Y yield now +50 bps since the Fed cut 50 bps
U.S : the politicians are failing us on spending and the bond market is starting to call them out. In the long run this government spending charade can’t continue without consequences #duration long term UST's etc (UK and GILTS at risk of being similar)
Nearly all sell-side economists and other professional Fed watchers expect the Fed to cut rates by a quarter point at each of its next two meetings/Thread
French government's draft budget based on 'optimistic' hypotheses - Le Monde >>> France Budget the current proposals which are unlikely to fully pass will bring the deficit down to just 5% when the EU limit is 3%
Rachel Reeves is considering raising capital gains tax to 39%, Former Darktrace chief executive Poppy Gustafsson will take on the role, taking charge of the scaled up Office for Investment
Stop Israel from bombing Iran's oil sites, Gulf states urge US
CB of Korea cuts 25bps to 3.25% after holding for almost 2years
New NATO chief Mark Rutte tells allies to ignore Russian leader Putin's sabre rattling, "We will never be intimidated by anyone outside NATO trying to threaten us.'
FT-Private equity groups’ assets struggling under hefty debt loads, Moody’s says
Nick Timiraos on X: "Nearly all sell-side economists and other professional Fed watchers expect the Fed to cut rates by a quarter point at each of its next two meetings. The median and modal outlook from these forecasters is for another 100 basis points in cuts next year, which would take the https://t.co/fUC4A1xNGG" / X
Michael Pettis on X: "1/11 Mao Zhenhua, of Renmin University's Institute of Economics, says that because China's current slowdown is mainly cyclical, Beijing should respond by ignoring its debt constraints and funding a significant countercyclical fiscal expansion. https://t.co/9ytkvukpnc" / X
What a story this is too https://www.wealthprofessional.ca/news/industry-news/td-faces-us3-billion-fine-growth-restriction-to-settle-us-probes/387241
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