WSJ’s Nickileaks prepping the ground for FOMC tomorrow: “Powell is likely to repeat a message he delivered two weeks ago, when he said recent data had ‘clearly not given us greater confidence’ that inflation would continue declining to 2% ‘and instead indicate that it’s likely to take longer than expected to achieve that.'” Read More
You heard right – the RBA could raise rates again The Reserve Bank of Australia will likely be forced to warn that it could raise rates again. Christopher Joye Apr 26, 2024 – 12.05pm https://www.afr.com/wealth/personal-finance/you-heard-right-the-rba-could-raise-rates-again-20240409-p5fijj This week we were presented with yet more powerful data demonstrating that central banks are repeating past mistakes by encouraging an acceleration in consumer price pressures through their dovish prognostications. Australia’s central bank could be […] Read More
{AU} Does anyone price Aussie INTRADAY or OVERNIGHT options anymore? I haven’t seen them go through for a couple of years but if you did have an int let me know If you are keen on a revival – lets go Read More
Ashley Joye (ARCHR LLP ) Subject: FW: The RBA should warn that it could raise rates again No images? Click here The RBA should warn that it could raise rates again High inflation reinforces that the RBA should have raised rates by more last year, in line with its peers. Kieran Davies, Chief Macro Strategist, Coolabah Capital Investments Over at Livewire Kieran writes that high inflation and a still-tight labour market should see […] Read More
– Global equities are more attractive after the recent rout removed market froth and as investors focus on robust corporate earnings, according to Citigroup Inc. strategists. “We would view the recent pullback as a buying opportunity,” the team including Mihir Tirodkar and Beata Manthey wrote in a note. “Bullish positioning has unwound and now looks more neutral, particularly in the US. The current earnings season could re-focus investor attention on solid underlying fundamentals.” The strategists […] Read More
Exclusive: ECB’s Centeno: Total Rate Cuts This Year Could Exceed 100BP – Centeno: Will still be in restrictive territory even after easing by 100bp – Centeno: 2% interest rate target a good benchmark – Centeno: Waiting too long to change policy stance might require more aggressive rate reductions – Centeno: Downward revisions to inflation and economic activity of ‘additional concern’ Read More
(Washington Post) — SAN FRANCISCO — Last June, Inflection AI was riding high. The artificial intelligence start-up founded by veterans of Google’s famous DeepMind AI lab had just raised $1.3 billion from Microsoft and tech billionaires Bill Gates, Reid Hoffman and Eric Schmidt to build out its chatbot business. But less than a year later, the tide has turned. Co-founders Mustafa Suleyman and Karén Simonyan have left Inflection AI for jobs at Microsoft, which also […] Read More
European Central Bank Governing Council member Francois Villeroy de Galhau told CNBC that “the question is the next Governing Council which will be early June … and here barring a major surprise we should cut rates because we are now confident enough and increasingly confident about the disinflationary path in the euro area.” The Bank of France governor also said that he’s open to further rate reductions at subsequent meetings, CNBC said. “There is now […] Read More
No images? Click here AFR: Inflation shocks bond bandits The spike in US inflation has caught equity and debt investors napping. Christopher Joye, portfolio manager, Coolabah Capital Investments Over at the AFR I write that equity and fixed-income investors were shocked during the week by the release of the official US inflation data, which confirmed a massive re-acceleration in services (rather than goods) inflation in March, with the annualised trend now running at an […] Read More
META’s MITA: *META DEBUTS NEW AI CHIP, AIMING TO DECREASE RELIANCE ON NVIDIA. META CHIP IS NEXT VERSION OF MITA PRODUCT UNVEILED LAST YEAR. Follows Intel & Google in launching their new AI chips. All of Nvidia’s biggest customers seem to be working to become their biggest competitors. And if CUDA is the moat, the UXL Foundation is the bridge being built to make Nvidia’s programmer/developer barrier to entry less of a hurdle. Read More
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