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Producer Price Index (PPI) dropped by 0.9% YoY, driven mainly by a strong Euro and possibly early impact of US tariffs. PPI is an important leading indicator for consumer inflation, so this drop could signal further cooling in prices. Source: Bloomberg, HolgerZ

But despite all the US bashing, it could be a very strong year for US equities inflows as well. Indeed, US equities funds are on course for $416bn inflow, the 2nd biggest year ever... Source: BofA, EPFR

The UK and EU have agreed a historic post-Brexit reset of ties ahead of a summit in London on Monday, officials said - link to FT article >>> https://lnkd.in/ea6m_PnK The UK and EU have agreed a historic post-Brexit reset of relations after a “late breakthrough” in overnight talks ahead of a summit in London on Monday, officials on both sides said. The UK agreed to open its fishing waters for 12 more years to EU boats — a move that will be condemned by the opposition Conservatives — according to Brussels officials. In return, UK Prime Minister Sir Keir Starmer has secured a veterinary deal that will remove much red tape for British farming and fisheries exports to its biggest market, in a much-sought economic prize of the “reset” talks. Three EU diplomats confirmed Brussels had dropped demands to link the duration of the agrifood deal to the one for fish, while British officials confirmed that a deal on the two issues had been done. Both sides were locked in intense haggling through the night over key details of their revamped relationship, including on fisheries and food trade, along with wording about a proposed youth mobility scheme. Source: FT

German Lawmakers back CDU/CSU's Merz in 2nd Bundestag vote w/325 votes out of 630 lawmakers. ✔️ Friedrich Merz was elected as Germany’s chancellor in a second-round parliamentary vote on Tuesday, after failing to secure the necessary support earlier in the day. ✔️Merz needed at least 316 of the 630 members of parliament to vote in his favor. He received 325 votes. ✔️The German Dax stock market index pared losses after the result of the second vote

Source: Michel A.Arouet, @Augur Infinity

Friedrich Merz failed to be elected German chancellor Tuesday, after he fell short of securing a majority in a shock first-round parliamentary vote. Merz needed at least 316 votes to become chancellor and only 310 members of parliament voted in his favor. Germany’s Bundestag has a total of 630 members. The result marks an unanticipated setback for Merz who was widely expected to secure the necessary votes and be officially sworn in later in the day. After the result of the vote was announced the parliamentary session was halted to allow for discussion of next steps. The German Dax stock market index extended losses to trade around 1.4% lower by 10:07 a.m. London time. A second vote needs to take place within 14 days, according to the German constitution, with an absolute majority needed once again. There are also protocols in place in case the second vote also fails to elect a chancellor. Source: CNBC, Bloomberg, HolgerZ

Scientists in Germany just cooked up a solar panel sandwich that makes today’s tech look like a flip phone. By stacking ultra-thin layers of exotic crystals, they created solar cells 1,000 times more powerful than silicon—and way more durable. These featherweight panels don’t even need complex wiring and could someday power cities using way less space, money, and sunlight. Source: Bright Side of News, Mario Nawfal on X

Source: J-C Parets