rss

Russia’s Putin: US decision to print money led to increase in global food prices

Russia’s Putin is speaking and says:

  • we see attempts to blame Russia for problems on global food market
  • US decision to print money led to increasing global food prices
  • unfavorable situation on global food market is linked to shortsighted policy of Europe in energy
  • at the same time they diminished significance of hydrocarbons
  • some European countries did not keep long-term contracts for shipments of Russia natural gas
  • increased fertilizer prices have nothing to do with the Russia’s military operation in Ukraine
  • our partners made a lot of mistakes and are now looking for a scapegoat
  • situation will worsen due to sanctions on our fertilizers
  • reports that Russia does not allow grain exports from Ukraine towards are a bluff
  • our estimates show that Ukraine could export 5 million tons of wheat and 7 million tons of corn
  • Russia will increase its grain export to 50 million tons
  • We are not blocking exports of grain from Ukraine
  • Ukraine can export grain from ports it control such as Odessa

Major European indices close lower

  • German DAX, -25.10 points or -0.17% at 14460.08
  • France’s CAC -15.14 points or -0.23% at 6485.31
  • Spain’s Ibex -19.3 points or -0.22% at 8724.81
  • Italy’s FTSE MIB -259.84 points or -1.06% at 24166

Looking at the German DAX, the decline today came after an earlier session rises to the price up to 14589.91. That took the price briefly above the high from a Monday at 14589.45, but momentum quickly faded and the price started to move back to the downside. By the close, the pair had moved back below its falling 100 day moving average at 14473.18. The price this week moved above the 100 day moving average on Monday (it closed above on that day), on Tuesday (a close below the moving average) and again today with a failure at the close.

Citigroup’s fat-finger trade may cost the bank more than US$50 million

This is referring to a data entry error, Bloomberg with the report, citing people familiar:

  • A trader in the firm’s Delta One trading unit in London was working from home during a bank holiday on May 2 when the person incorrectly added an extra zero to a trade early in European market hours.
  • a five-minute selloff in the OMX Stockholm 30 Index and ultimately wreaked havoc in bourses stretching from Paris to Warsaw and wiping out 300 billion euros ($322 billion) at one point

From the post at the time of the error, the impact:omx 02 May 2022 citi

Here’s a 5 point Federal Reserve cheat sheet – where they’re are at & where they’re going

  • Quantitative tightening (QT – or balance sheet reduction) started June 1
  • the Federal Open Market Committee (FOMC) will hike by 50bps at the June meeting
  • the FOMC will then follow up with a 50bp hike at the July meeting
  • Federal Reserve Chair Powell will speak at Jackson Hole in August (Kansas City Fed’s annual symposium at Jackson Hole is scheduled for August 25-27) where he may signal the next move
  • Up for grabs, the current debate, is for a September pause, or hike (25 or 50bps)
Powell moses

𝕋ℝ𝔸𝔻𝕀ℕ𝔾 𝕊𝔼ℂℝ𝔼𝕋 𝕊𝔼𝕄𝕀ℕ𝔸ℝ 𝕆ℕ 𝟙𝟠𝕋ℍ 𝕁𝕌ℕ𝔼 -ℙ𝕃𝔸ℂ𝔼 𝔹𝔸ℝ𝕆𝔻𝔸 -#AnirudhSethi

Cubes 18th June stock illustration. Illustration of design - 94694067Last Date ::::::::::10th June for enrollment

Spare : 3 hours of your Life

Rs 3 lakh FEES …………….(If we are getting 100 Traders ) by 10th June

OR

Rs 2 lakh FEES if we are getting Rs 200 Traders

Or

Rs 1 lakh Fees if we are getting 300 Traders

(But irony of life is Traders will lose tons of money but will not learn secrets and these secret of #Boxchart ONLY 2 person knows in this world ………………………………………….only Two )

•If We get 10 Traders and they pay Rs 10 lakh each will teach them #Boxchart ++++ 2 SECRETS ( And life will change foreover )open challenge……………………Forget MBA ,MANAGEMENT ,CA !!

•Yes if we get 50 Traders will take Rs 5 lakh …………………………………….but (who’s father having 5 lakh )

•After getting these secrets ( MY CHALLENGE ) No force can make u loss in trading ►SAVE it

♥️Yes I will guide u personally on phone or video for next 90-120 days too !!

Either it’s Rs 1 lac or 10 lac ……………………………..I SAY ALL PEANUTS !!

♥️♥️Once u get these secrets and u don’t reveal to anybody and teach to your son or wife or sister in family life time mint money +++++++++++++ Daily spare just 1-2 hours on chart with PEN ,PAPER ,CALCULATOR )

If Interested let me know

Either I get RS 1 CRORE OR 5 CRORE ………………All goes for CHARITY !!!

but 10000% can’t reveal free of cost

Thanks

Goldman Sachs warns of a confluence of unprecedented shocks slamming the economy

“This is among — if not the most — complex, dynamic environments I’ve ever seen in my career,”

“The confluence of the number of shocks to the system to me is unprecedented.”

Waldron (referring to Dimon’s ‘hurricane’) said he would not be “using any weather analogies,” but enumerated risks from inflation, changing monetary policy and Russia’s invasion of Ukraine could hit global economy.

Bloomberg link (gated)

Goldman Sachs logo

Reports that Putin had treatment for advanced cancer, survived an assassination attempt

This comes via a US media report ICYMI. Newsweek cites an intelligence report with info via:

  • three U.S. intelligence leaders who have read the reports tell Newsweek

The report was produced at the end of May.

  • Putin seems to have re-emerged after undergoing treatment in April for advanced cancer
  • the assessments also confirm that there was an assassination attempt on Putin’s life in March

There are plenty of caveats in the report, this one is notable:

  • “We need to be mindful of the influence of wishful thinking,” cautions the retired Air Force leader. “We learned—or didn’t learn—that lesson the hard way with Osama bin Laden and Saddam Hussein.”
putin 11 May 2022