Earnings for the week of May 13, 2024
https://lnkd.in/eEaHXwcK $BABA $WMT $NU $HD $AMAT $BIDU $NXT $CSCO $JD $STNE $TTWO $SE $DE $OTRK $MNDY $LEGN $OCGN $WULF $DT $LUNR $GRAB $PBR $PSFE $SONY $NICE $HUT $TME $MNSO $OGI $DFLI $CPA $DHT $BITF $BKKT $HUYA $NOTV $QUIK $MAXN $KOPN $LSPD $HBM $ARQT $DDL $CGAU $CRLBF $DOCS $DOLE $ACXP $AGYS $GROY
Global foreign exchange reserves.
The US dollar still dominates but share has been eroding sligthly Source: Michel A.Arouet
In case you missed it... In the FT yesterday... "Slowbalization" and East-West divide in the making... 100% tariffs on EVs, wow.
Or is it just about US refusing globalization on industries they can just not compete?
German business model was based on:
1. Cheap energy from Russia; 2 Cheap subcontractors in Eastern Europe; 3. Steadily growing exports to China. All three are gone by now Source: Michel A.Arouet, Bloomberg
JUST IN: Argentina to print its first 10,000-peso note as a result of hyper-inflation.
Source: Radar
In case you missed it...
Atlanta Fed US Q2 GDP Now latest 4.18%, vs last 3.31%...
Bruce Lee Said:
Source: Seek Wiser
Bank of England declares independence from the US Fed ->
BoE's Bailey pushed back against a slower rate cutting cycle for the UK: “Quite a lot of the market movements of late appear to have been US-originated. Inflation dynamics here are different to inflation dynamics in the US. (It’s a) very different sort of situation in terms of our economies.” Percentage odds of a June cut were similar for the BOE and Fed at the start of the quarter, but now the market sees a wide gap. Source: Jeffrey Kleintop, Bloomberg
