There is a different culture of public debt in Germany than in France
Nevertheless, French Finance Minister Le Maire hopes to find a compromise for new budget rules w/Germany. “We will continue to work w/Christian Lindner in the coming weeks to try to reach a Franco-German accord that could serve as a basis for a wider deal,” Le Maire said ahead of a meeting with his EU peers in Luxembourg. Source: HolgerZ, Bloomberg
The Israeli Shekel has fallen to its lowest price against the U.S. Dollar since early 2015
Source: barchart
Coca-Cola on a major level
Coca-Cola (KO US) is back on September and December 2021 support. It is also back on February 2020 downtrend resistance acting as support now. Keep an eye. Source : Bloomberg
Bernard Arnault lost his spot as the world’s 2nd-richest person as a selloff in luxury stocks pushed his net worth below that of Amazon's Jeff Bezos
Arnault is now worth $155.1bn, just below Bezos’s $156.3bn, acc to Bloomberg. Within 3mths, Arnault has become $58bn poorer. Source: HolgerZ, Bloomberg
At the time of rising bond yields, here's a list of teh most indebted companies in the world by Genuine Impact
🚗Toyota Group is the most indebted company globally in 2023. 🏠While Evergrande Group, one of China’s biggest property developers, has lower debt than Toyota, its performance is significantly inferior to Toyota. It recently faced a debt crisis and is on the verge of collapse.
Balance Sheet Explained Simply
Source: Brian Feroldi
Through FY24 to FY27, Nvidia $NVDA is projected to generate a total of $342B in revenue
That forecasted total is more than double Nvidia’s lifetime revenues of $160.3B through the end of FY23. Source: Beth Kindig
EM Middle East Sovereign Bonds Impacted by the Israeli-Palestinian Conflict
Since the commencement of the Israel-Palestine conflict, the 5-year CDS (Credit Default Swap) for Middle East sovereign bonds has experienced a significant surge. 📈 Notably, the market's response doesn't reflect heightened concern. This is evident as US equities have continued to climb since the conflict's onset, while interest rates have surged back to previous highs. 📈📊 Thus far, the impact has primarily reverberated in the commodities market, with fluctuations affecting oil and gold prices. Additionally, the Middle East sovereign countries in the EM (Emerging Markets) segment have also felt the repercussions. 🛢️💰 Is the market right to be this complacent in the face of ongoing geopolitical tensions?
