China stocks: still a long way to come back to the top...
Source: Bloomberg
Quote by Peter Lynch
Source: Invest in Assets
Europeans ‘less hard-working’ than Americans, says Norway oil fund boss Tangen finds US investments more attractive due to weaker regulations and more risk-taking >>>
Europe is less hard-working, less ambitious, more regulated and more risk-averse than the US, according to the boss of Norway’s giant oil fund, with the gap between the two continents only getting wider. Nicolai Tangen, chief executive of the $1.6tn fund, told the Financial Times it was “worrisome” that American companies were outpacing their European rivals on innovation and technology, leading to vast outperformance of US shares in the past decade. His views are significant as the oil fund is one of the largest single investors in the world, owning on average 1.5 per cent of every listed company globally and 2.5 per cent of every European equity. Its US holdings have increased in the past decade while its European ones have declined. US shares account for almost half of all its equities compared with 32 per cent in 2013. The leading European country — the UK — represented 15 per cent of its equity portfolio a decade ago but just 6 per cent last year. Source: FT
Thought of the day.
Source: Asif Majid
Boeing cut to BAA3 from BAA2 by Moody's, outlook negative.
Source: Markets & Mayhem
Chinese tech stocks are up 10% this week, set for best week since the reopening rally in late 2022 as things stand.Clone)
Source: David Ingles, Bloomberg
The yen briefly topped 155.50.
Expected volatility over the next 24 hours is now at the highest level of the year. Source: David Ingles, FT
The guy who photobombed Janet Yellen with a “Buy Bitcoin” sign back in July 2017, just auctioned off the notepad for 16 Bitcoin (over $1 million!) to Justin, A.K.A. Squirrekkywrath!
Source: Neil Jacobs, Bloomberg
