Japanese investors are selling US corporate debt at a record pace 👀
Source: Bloomberg
Explained: India’s Gold Demand During Diwali - by Elements, Visual Capitalist
In India, gold’s significance goes far beyond investment and jewelry. The yellow metal is woven into India’s cultural history and is revered by a population of over 1.3 billion.
Did you know that the biggest e-Commerce app in Asia AND EUROPE trades at 10X earnings?!
$BABA Source: A.J. Button
Chart of global fish catch per country -> China will account for 37% of the global catch by 2030
Chinese boats have expanded their capacity to harvest staggering amounts of catch in a single voyage. China subsidizes the fuel cost for fishing boats. That's what makes it economical for them to roam the oceans. The Chinese Pacific fishing fleet has grown more than 500 per cent to 564,000 vessels. Source: Indo-Pacific News - Geo-Politics & Defense News
Retail Investors own 9.4% of the NSE-listed companies
Source: investywise
China reported a worse-than-expected drop in exports in October, while imports surprisingly rose for the month from a year ago
China’s customs agency said exports in U.S. dollar terms fell by 6.4% in October from a year ago. That’s worse than the 3.3% drop predicted by a Reuters poll. Overall, China’s exports have fallen on a year-on-year basis every month this year starting in May. The last positive print for imports on a year-on-year basis was in September last year. China’s exports to Southeast Asia and the European Union fell by double digits in October, according to CNBC calculations of official data. Exports to the U.S. dropped by more than 8%, the analysis showed. Imports rose by 3% in U.S. dollar terms in October from a year ago. That’s in contrast to the Reuters’ forecast for a 4.8% drop from a year ago. However, China’s imports from the U.S. were down by 3.7% in October versus the year ago period, CNBC calculations of customs data showed. China’s imports from the European Union rose by more than 5%, while those from the Association of Southeast Asian Nations grew by 10.2%, the analysis showed. Source: CNBC
The negative bonds world is gone, with also a Japanese bond maturing in 24 trading at 0% yesterday
Source: From Macro to Micro
*BREAKING* BOJ Buys More Bonds to Slow Rising Yields a Day After Tweak Central bank acts after 10-year yield touches decade high - BLOOMBERG
The Bank of Japan stepped into the bond market unexpectedly Wednesday to curb the pace of gains in sovereign yields, just a day after announcing it was loosening its grip on debt prices. The central bank’s unscheduled purchase operation statement came as the benchmark 10-year bond yield touched 0.97% — a fresh decade-high but still below the 1% cap it removed in favor of a more flexible policy setting. There was very little immediate market reaction to the move, with traders trimming one basis point off the 10-year yield before it recovered half of that. Bond futures pared losses and the yen, which is sensitive to shifts in interest rates, shed a fraction of its advance versus the dollar.
