Will the Europeans be able to buy $250B per year of American energy?
Does not seem likely according to this chart ... Source: Bloomberg
The Euro suffered its steepest one-day drop against the dollar since May on Monday, as Germany and France voiced fears that the long-awaited EU-US trade deal would hurt the European economy.
The single currency was down more than 1 per cent against the dollar and weakened by 0.8 per cent against the pound, following the announcement on Sunday that the US would impose 15 per cent tariffs on most imports from the EU. The agreement, hailed by European Commission president Ursula von der Leyen as “the biggest trade deal ever” and covering nearly 44 per cent of global GDP, averted a possible transatlantic trade war. But German chancellor Friedrich Merz said on Monday that the tariffs would cause “considerable damage” to his country’s economy, Europe and the US itself. “Not only will there be a higher inflation rate, but it will also affect transatlantic trade overall,” he said. “This result cannot satisfy us. But it was the best result achievable in a given situation.” French Prime Minister François Bayrou said the trade deal marked a “dark day”, adding that the EU had “resigned itself into submission”. Source: FT
‼️For many foreign nationals, a new visa fee will increase the cost of traveling to the United States by $250 ⚠️
➡️ The “visa integrity fee,” included in the sweeping policy legislation that President Donald Trump signed into law this month, will require visitors traveling on a non-immigrant visa to pay an additional $250. ➡️ This group includes leisure and business travelers as well as international students from a wide range of countries such as India, China, Mexico, Brazil, South Africa and the Philippines. ➡️ Applicants must pay this amount on top of other visa fees that often total nearly $200. The Department of Homeland Security can adjust the fee based on inflation, starting in October. The bill does not specify when the fee will go into effect. In a statement, DHS said the new law “provides the necessary policies and resources to restore integrity in our nation’s immigration system. The visa integrity fee requires cross-agency coordination before implementation.” Source: The Washington Post
Bitcoin $BTC price will go up if there are more buyers, says Citi - couldn't agree more...
"A bitcoin is worth what the next person will pay for it," the FT journalist, Bryce Elder, writes. "The same can be said of a lot of assets." Spot on! This is correct and accurate reporting indeed. And that's how investors need to think about markets, whether it's Bitcoin (BTC), shares of Apple (AAPL), or the direction of Gold.
The most important week of us earnings season is here.
Over 37% of $QQQ reports earnings this week. Enjoy the show 🍿 $MSFT | $AAPL | $AMZN | $META Source. BofA, Trend Spider
Gold stocks vs. S&P 500 sectors
Source: Bloomberg, Tavi Costa
Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday
During the expected 90-day extension, the U.S. and China will agree not to introduce new tariffs or take other actions that could further escalate the trade war, the report said. Source: Reuters
"Never bet against America" said Warren Buffet. Innovation, free market and truly entrepreneurial spirit always win in the long run.
Source: Michel A.Arouet
