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14 Jun 2023

Riskier bank bonds back as returns rise, AT1 Market reopens

Two European banks on Tuesday sold the first publicly-syndicated AT1 bonds on the continent since the Credit Suisse’s crisis.
Easing concerns about the health of the banking sector and hopes that major central banks are nearing the end of their tightening cycles contribute to the move. Source: Bloomberg

14 Jun 2023

Federal Reserve to skip a rate hike

A gauge of dollar strength held near a one-month low on speculation the Federal Reserve will skip an interest-rate hike at a policy meeting ending Wednesday.
While US CPI data has cemented bets on a Fed pause, it also suggests that we might see more tightening later, which will ultimately slow the US economy.

Source: Bloomberg

14 Jun 2023

ECB Balance Sheet is almost unchanged ahead of this week's meeting.

Total assets now at €7,714.4bn, equal to 57% of Eurozone GDP vs Fed's 32%, SNB's 121%, BoJ's 130%. Source: HolgerZ, Bloomberg

14 Jun 2023

Turkish Lira disastrous performance in one chart

Turkish Lira (blue) is down -55% in the last 10 years in real terms. That's worse than Sri Lanka (pink), which is down -27%, and worse than Pakistan (orange), which is down -8%. Chart also shows Brazil undervaluation. These are all commodity importers. Brazil doesn't belong here. Source: Robin Brooks

14 Jun 2023

AI is the new buzz

“Artificial Intelligence” as a percentage of Total Bloomberg news is skyrocketing and nears “Internet” news during the 2000 bubble. Source: Michael A.Gayed

14 Jun 2023

US CPI continues to cool down

Overall US CPI moved down to 4.0% in May, the 11th consecutive decline in the YoY rate of inflation and the lowest level since March 2021. US Core CPI (ex-Food/Energy) moved down to 5.3% YoY, the lowest reading since November 2021. Source: Charlie Bilello

14 Jun 2023

JAPAN'S NIKKEI CLOSES ABOVE 33,000 FOR THE FIRST TIME SINCE 1990

Source: www.investing,.com

13 Jun 2023

A new all-time-high for Apple

« Apple closes at record high in latest sign of Big Tech’s dominance. The stock rose 1.6% to $183.79 yesterday, bringing its year-to-date gain to 41%. This is Apple’s first closing high since January 2022. Stock nears a $3tn valuation following 2023’s surge” – source: Bloomberg, HolgerZ

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