The Iberian Peninsula…
wiped off the map of lights. This is how it looked from orbit last night after a massive blackout hit Spain and Portugal. Cosmic silence over the region.” Source: David Sobolewski on X
DAX Index Back on 1st Supply Zone
The DAX Index has recovered 22% since the lows in just 17 opening days! It’s now reaching the first supply zone between 22,343-22,573. Will the market be able to close above 22,573? Keep an eye on the price action over the next few days. Source: Bloomberg
The import charges for many items on Temu (Chinese discount retailer) are higher than the cost of the products themselves.
Source: Charlie Bilello
In Germany, potential economic growth has dropped to just 0.5%, mainly because of falling productivity.
The last time Germany saw potential growth above 1% was back in 2018 — also the last year when productivity made a positive impact. For the new government to hit its target of lifting potential growth above 1% again, reviving productivity will be crucial, especially as the workforce continues to shrink. (Source: Natixis thru HolgerZ)
Container bookings from China to the US are falling sharply ⚠️
Source: Markets & Mayhem, FT
If you bought European Stocks in 2000, you finally broke even after 25 years 🥳🍾🫂
And now you're praying that you didn't double top 🙏 Source: Barchart @Barchart
Mark Carney has won Canada’s election
The national broadcaster projected, but his parliamentary majority hangs in the balance after a campaign dominated by the country’s relationship with the US under Donald Trump. Carney’s party was on track to win the largest number of seats and the right to form a government as polls closed across much of the country on Monday, according to the Canadian Broadcasting Corporation. However, whether he could command a parliamentary majority or would have to depend on other parties to govern in a minority administration remained too close to call on Monday night. At 11pm in Toronto, the Liberals were ahead in 159 seats in the 343-seat House of Commons and the Conservatives in 142, according to the CBC, putting Carney’s party in a commanding position to form at least a minority government. Source: FT
President Trump’s first 100 days in office is the worst for the stock market since Richard Nixon’s presidency...
Source: Stocktwits
