Financial Occultist

Japan chief cabinet secretary Matsuno says now that its possible North Korea will take further provocative actions, such as conducting a nuclear weapons test.

I think that is a solid bet indeed.

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The North Korean test today had the ballistic missile tracking over Japan’s Hokkaido and landing in the Pacific Ocean outside Japan’s economic zone.

Thought For A Day

04-Oct-22 05:00 am

Anirudh Sethi

Bank of Israel hikes rates by 75 bps

03-Oct-22 06:40 pm

Analysis

Anirudh Sethi

The Bank of Israel sees 6.0% GDP growth this year versus 5.0% previously. The central bank noted strong economic activity and a tight albor market. The staff forecast for a year out was boosted to 3.50% from 2.75% while inflation is seen next year at 2.50%.

Market cap is one thing, but Enterprise Value reflects also net debt 👇 Relative to sales we have just arrived at the top of the 2000 dotcom bubble.

03-Oct-22 05:00 pm

Analysis

Anirudh Sethi

Eurozone S&P Mfg PMI Final Actual 48.4 (Forecast 48.5, Previous 48.5)

03-Oct-22 01:35 pm

Anirudh Sethi

Euro zone factory activity declined again in Sept as energy bills bite -PMI

Actual 48.4 (Forecast 48.5, Previous 48.5)

Manufacturing activity across the euro zone declined further last month as a growing cost of living crisis kept consumers wary while soaring energy bills limited production, a survey showed on Monday.

“The ugly combination of a manufacturing sector in recession and rising inflationary pressures will add further to concerns about the outlook for the euro zone economy,” said Chris Williamson, chief business economist at S&P Global.

Full Reuters Note