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25/06/24
07:43
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Morning, Markets are mixed, Dow up, Tech down, Nvidia shedding some gains, Asx futures r up. Bitcoin smashed back under 60k, Oil up. Gold up, U down, Copper looks red too. Labors New energy chief says he doesn't like Nuclear....Instant dismissal comes to mind... Larry Summers says the Fed and Investors r wrong on inflation outlook, badly wong ......https://www.marketwatch.com/story/larry-summers-says-the-fed-and-investors-are-badly-wrong-on-inflations-path-24537e57 Hard to disagree with Larry imo. How that Yen looking? ...... They need to raise rates 500 bps tomoz/yesterday imo, but i doubt they will. I wonder if it'll be the first one to go bang....? Some commentators keen on a Sep Fed rate cut... .... Tell em they're dreaming folks.... Farage says West provoked Ukraine invasion. And he's right too.https://www.cnbc.com/2024/06/24/reform-uks-nigel-farage-defends-claims-west-provoked-ukraine-war.html Damp outside, must have had some overnight rain, a cool 12C here but doesn't feel that bad.