The bag always goes up the stairs and down the elevator.
Archives of “September 9, 2020” day
rssChina August CPI 2.4% y/y (expected 2.4%) & PPI -2.0%y/y (expected -1.9%)
China inflation data for August 2020
CPI % y/y
- expected 2.4% y/y, prior 2.7%
PPI % y/y
- expected -1.9% y/y, prior -2.4%
Softbank’s chief compliance officer has left the firm
I dunno about anyone else but a nice +$4bn profit suggests to me that no one was paying too much attention to the compliance department. Maybe this departure confirms it.
This feels full Banana Republic.
Meanwhile Covid Era Investors
What explaining #Bitcoin is like within the #crypto space
Reasons for the sliding oil price pile up
- Crude oil prices collapsed, with Brent crude closing under USD40/bbl for the first time since June
- risk-off tone across markets
- stronger USD headwinds
- tone was set earlier this week after Saudi Aramco cut its prices to Asian refiners, suggesting demand is weak
- Bloomberg survey showed that only four out of ten Asian refiners would be subsequently trying to buy more Saudi crude
- Abu Dhabi National Oil Co also cut its prices on Tuesday
- US refiners are also cutting output, as the summer driving season ends and inventories remain high
- rising COVID-19 infections across the globe doesn’t bode well for demand in the short term
- futures markets widening in the contango for both Brent and WTI to their widest levels since May
The West does QE with fiat while China does QS (Quantitative Stockpiling) with commodities.
24k gold PlayStation 5 for $10,000
Nine drugmakers promise to not seek approval for experimental Covid-19 vaccines until shown to be safe
The Wall Street Journal report now the firms have agreed to the measure – not to seek regulatory approval until a vaccine is shown to safely work effectively.
The pledge was signed by the heads of
- AstraZeneca
- GlaxoSmithKline GSK
- Johnson & Johnson
- Merck
- Moderna