VW considers closing German factory for first time in 87-year history, some news just after weekend elections results in Germany
Israel-Gaza ongoing tensions/Labour strikes and protest nationwide, UKR-RU new strikes inside Russia, has Putin changed his stance on peace talks?, China's military build up around Taiwan, U.S seizes Venezuelan President's plane, going to be a key few months ahead
EU again imports more gas from Russia than from US
The S&P 500 is now trading at 2.9x sales, nearly double the historical median and approaching its peak valuation from Q4 2021
At 5,648, the S&P 500 is now above every 2024 year-end price target from Wall Street strategists and 16% above the average target (4,861). And there's still 4 months to go
China has come to a sudden stop in Manufacturing
France's Macron accelerates efforts to break PM deadlock
Goldman Slashes Copper Forecast on Softening Chinese Demand. Bank cuts copper estimate for 2025 by almost $5,000 a ton-BBG >>> Energy markets remains on edge on supply shortages. Sentiment was also supported by the prospect of easing monetary policy in the US
Samsung's recent breakthrough in silver-based solid-state battery technology could not only transform the EV landscape, but also send shockwaves through the silver market
USDollar hit supports around 1.1200 euro, 1.3200-50 area gbp, 0.8400 chf, 68+ oz etc all correcting again together with UST yields, 10's shoudl head 4+, seasonally speaking Sep/Oct are weak months, data staying firm, although ALL focus on NFP on Friday. Gold, Silver, XPT similar price action
Terror in Ukraine as Russia makes bombshell war gains after Kursk invasion (msn.com) and apparently Putin Shifts Stance on Ukraine Peace Talks Amid Kursk Incursion - Newsweek
How how these sanctions working ?... EU again imports more gas from Russia than from US (msn.com)
How a Recent Major CRE Bond Failure Happened (globest.com) investors in the AAA tranche of $308M debt backed by 1740 Broadway in midtown Manhattan received only 74% of their money. Creditors in the five lower groups were totally wiped out
Intel CEO's cost-cutting pitch to include Altera spin-out and retreat from German plant, source says (yahoo.com)
Glencore on X: "At our AGM, 90% of shareholders backed our 2024-2026 Climate Action Transition Plan. Head of Sustainability Anna Krutikov explains the updates, changes, and next steps, supported by 4 key strategic pillars. Watch the full explanation below 🎥 https://t.co/F3uzBKBFYg" / X
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