The BOJ kept interest rates steady on Thursday
The BOJ roughly maintained its forecast that inflation will hover near its 2% inflation target in coming years, signaling its readiness to continue rolling back its massive monetary stimulus. The Yen climbed as much as 0.9% on Ueda comments.
The Swiss National Bank made a solid nine-month profit on rising equities, bonds and gold prices, increasing the chances for a restart of profit distributions after a two-year break.
Switzerland’s central bank notched up a gain of 62.5 billion francs ($72 billion) for the first nine months of the year, it said on Thursday. Although the strong franc ate into the results, the SNB extended its profit during the July-September period. Source: Bloomberg
Central bank of India moves another 102 tonnes from London to its own vaults. It’s a trend.
Source: Times of India
NY POST COVER
Source: Benny Johnson @bennyjohnson on X
It seems the stock markets haven’t yet recognized that equity risk premiums have turned negative.
The yield on the 10y US bond is now higher than the earnings yield of the S&P 500... Source: HolgerZ, Bloomberg
JUST IN: US Bitcoin ETFs now hold over 1 million BTC
Source: Bitcoin magazine on X
UNEMPLOYMENT IN GERMANY SPIKED TO THE 2ND-HIGHEST IN 10 YEARS
The number of unemployed people in the world's 3rd largest economy has risen for 22 STRAIGHT MONTH. There are now 2.86 MILLION unemployed people in Germany, the most since the COVID CRISIS. Chart: Global Markets Investor, @AugurInfinity on X
An agreement would mark the most significant de-escalation of the war since Russia invaded Ukraine in early 2022.
Source: FT
