Inflation in the Eurozone is breaking record after record, but the gap between the highest and lowest rates among the 19 members of the currency bloc has also become the largest in history.๐คก The gap ranges from Malta, where consumer prices rose by 5.6% last month, to Estonia, where inflation reached 20.1%.๐ฟ This is a difference of more than 14 percentage points, more than at any time since the introduction of the euro in 1999.
Migration of millionaires on the world mapAccording to the latest Henley Global Citizens Report, about 88,000 millionaires will move to a new country during 2022.๐ This graph shows the migration of wealthy people (HNWI) โ people with a net worth of more than $1 million โ and shows where rich people flock and where they are fleeing from.๐ Fleeing conflict is the main reason for moving in 2022. 15,000 millionaires, or 15% of their total number, are expected to leave Russia. Ukraine is projected to suffer the largest percentage losses โ 42% of all its HNWIs (or 2,800 people) may leave the country by the end of 2022.China may also face a big loss - 10,000 people, but this is only 1% of all HNWIs.The UAE has become a magnet for millionaires: by the end of 2022, 4,000 wealthy people will arrive
๐ก๐บ๐ธTHE HISTORY OF ELON MUSKโS FEVER WITH PRESIDENT JOE BIDEN๐คขElon Musk said he voted for Biden. He now calls him a "wet sock puppet" and plans to vote Republican after they have been feuding for months. The richest man in the world was once a supporter of President Joe Biden, but Elon Musk's relationship with the White House has soured over the past year.๐งโ๐Most recently, the President mocked Musk's obsession with space in response to a question about the billionaire's comments that the US was in a recession. In his response, the president highlighted Ford's investment in electric vehicles and its alliance with Tesla."While Elon Musk is talking about it, Ford is significantly increasing its investment," Biden said of Musk's pessimism. "I think Ford is increasing investment in new electric
Hello everyone ๐ซก Actually, oil continues its upward march, and this is very bad for the development of the situation with inflation in the world. It is interesting to observe what the outcome will be, but I would be very surprised if oil is trampled against the entire market, then demand should slow down ๐คทโ๏ธ
Hello everyone.Dow Jones, S&P 500 and Nasdaq futures are in moderate plus, Asia and Europe are also in bullish territory. Brent Crude +0.07%โ$109.19โ EVENT: G7 Summit, the second day (the G7 Summit under the chairmanship of Germany takes place on June 26-28 in Bavaria)15:30 ๐บ๐ธUSD Basic orders for durable goods (m/m) (May)Economists forecast that new orders for durable industrial goods rose 0.2% from the previous month to $265.8 billion. 17:00 ๐บ๐ธUSD Index of unfinished sales in the real estate market (m/m) (May) The consensus score is 99.3 points, which is approximately equal to April. "The latest contract signings mark six consecutive months of decline and are the slowest pace in almost a decade," NAR Chief Economist Lawrence Yun said.21:30 ๐ช๐บEUR ECB President Lagarde will deliver a spe
๐ฅ๐บ๐ธ CONSTRUCTION COSTS IN THE USA M/M ACTUAL 0.2% (FORECAST 0.5%, PREVIOUS 0.1%) $MACROUSA ISM MFG. EMPLOYMENT INDEX ACTUAL 49.6 (FORECAST -, PREVIOUS 50.9) $MACROUS ISM MANUFACTURING BUSINESS ACTIVITY INDEX ACTUAL 56.1 (FORECAST 54.5, PREVIOUS 55.4) $MACROTHE NUMBER OF VACANCIES IN THE USA JOLTS ACTUAL 11.4 Million (FORECAST 11.3Million, PREVIOUS 11.549 Million) $MACROUSA ISM MFG. THE INDEX OF NEW ORDERS IS ACTUAL 55.1 (FORECAST -, PREVIOUS 53.5) $MACRO.
โ๏ธ Market analytics: โ Goldman Sachs says that investors should invest in commodities, because the risk of recession and falling demand for fuel are exaggerated. The bank's analysts expect Brent crude oil prices to rise to $130 by the end of the year. At the moment, oil is trading just above $102 - CNBCโ Jeffries analysts say that the US economy will remain strong even if the Fed raises rates to 4% and keeps them at this level throughout 2023 - MarketWatch
World currencies vs. $US this year:- Turkish Lira: -51%- Argentine Peso: -22%- Japanese Yen: -18%- Euro: -14%- South African Rand: -14%- British Pound: -13%- Swiss Franc: -9%- Australian Dollar: -9%- Indian Rupee: -6%- Canadian Dollar: -5%- Chinese Yuan: -5%- Russian Ruble: +23%
๐บ๐ธ FED'S DALY:๐ฃ WE NEED RATES TO BE NEUTRAL - CNBC INTERVIEW.๐ฃ THEN WE NEED TO LOOK AROUND AND MONITOR INFLATION, [THE BRAWL], CONSUMERS AND THE SLOWING ECONOMY.โ ๏ธ I SEE A COUPLE OF RATE INCREASES OF 50 BASIS POINTS.๐ฃ WE KNOW THAT WE WANT TO REACH 2.5% BY THE END OF THE YEAR.๐ฃ I SEE THAT THE NEUTRAL RATE WILL BE ABOUT 2.5% IN NOMINAL TERMS.HIGH INFLATION HAS BEEN GOING ON FOR TOO LONG.I DON'T MAKE PREDICTIONS BEYOND THE NEXT TWO MEETINGS BECAUSE I DON'T KNOW WHAT THE DATA WILL BE.๐ฃ WE NEED TO CONTINUE TO SEE A SLOWDOWN IN THE ECONOMY AND SOME REAL PROGRESS IN THE FIGHT AGAINST INFLATION.OTHERWISE, WE WILL NEED TO RAISE RATES UNTIL WE REACH A NEUTRAL LEVEL, AND THEN LOOK AROUND.
#GAS #EUTTF natural gas futures, the European benchmark, are trading at around 200 euros per megawatt hour!The rapid decline in prices is taking place against the background of efforts by European governments to contain prices, including gas price restrictions and suspension of derivatives trading (well, they finally heard me!!!! ๐ฉ ).In addition, the latest data showed that natural gas storage was filling up faster than expected on the eve of the winter peak demand season (I also did reports on this in Solodin LIVE). Question: How long will the relief last? Gazprom stopped pumping and it's not a fact that it will resume, and winter is already rolling right up ...๐
#USA #banks๐ฅ US banks did not cope well with the Fed's stress testGiant banks retain sufficient capitalization to cope with a financial shock - these are the conclusions reached by the Fed during the latest stress test of US banks.As a result of this year's DFAST (Dodd-Frank Law stress test), Bank of America, Citigroup and JPMorgan Chase may have to raise their internal target ratios of the first level of total capital.In total, 33 banks included in the assessment had a minimum capital adequacy ratio of 9.7%, which is more than twice the minimum value required by the central financial institution.This year's stress tests were conducted in a simulation of a large economic downturn - with a peak unemployment rate of 10%, a 55% drop in stock prices and a 40% drop in commercial real estate pri
$Amazon.com(AMZN)$$Netflix(NFLX)$View on Netflix(NFLX)BullishBearishThe most popular consumer brands in 2022A consistently popular brand for the company has always been one of the most important components of success. Which brands are the most popular in the world? One way to evaluate this is to look through Google searches to see what consumers from different countries are looking for online.It is worth noting that the researchers focused on companies that sell consumer goods and services, so some big techs, such as Google and Meta, were not included in this ranking.While Netflix is the most frequently requested brand in the largest number of countries (92), Amazon ranks 1st in total search volume.eBay,
Volumes at $S&P 500(.SPX)$ are generally neutral for the day, but there are good volumes to buy. $SPX can show an increase of 3990-4030 with a positive market, but you need to take into account economic statistics, which can greatly affect the market! If the statistics are bad, let's go test the 3850-3800 level. Now we need to look for $BTC, a breakout of 21.400 = an increase of 23.500 and above. Speculatively, we can see growth = growth by $Coinbase Global, Inc.(COIN)$$Block(SQ)$Oil holds important supports and so far I do not see a trend change, I keep the target for $Light Crude Oil - Jul 2022(CL2207)$
๐ค๐ช๐บ THE BALTIC COUNTRIES ARE LEADING IN INFLATION IN THE EUROZONEAnnual inflation in Estonia reached 20.1% in May, which is the highest in the eurozone, and Lithuania and Latvia took the second and third places in terms of growth โ 18.5% and 16.4%, respectively. The rapid rise in global energy prices after the Covid-19 pandemic has risen even higher due to disruptions in oil and gas supplies from Russia. In April, Latvia, Estonia and Lithuania decided not to import Russian natural gas anymore.
#world #default Countries with the highest risk of default in 2022 In May 2022, the South Asian country Sri Lanka defaulted on its debt for the first time. This not only affects Sri Lanka's economic future, but also raises an important question: which other countries are at risk of default?To find out, Visualcapitalist used Bloomberg data to rank the countries with the highest risk of default.Bloomberg's sovereign debt vulnerability rating is based on four main indicators:๐ Government bond yields (the weighted average yield of the country's dollar bonds)๐ Credit default swap Spread (CDS) for 5 yearsGovernment spending on debt interest payments (as a percentage of GDP)๐ Public debt as a percentage of GDPCredit default swaps (CDS) are a type of derivative instrument that provides a lender wi
THE AUTHOR OF THE BOOK "RICH DAD, POOR DAD" ROBERT KIYOSAKI EXPECTS A SEVERE MARKET COLLAPSE AND ADVISES BUYING SILVER, BITCOINS AND EVEN TOILET PAPER. HERE ARE 10 OF HIS BEST TWEETS THIS YEARRobert Kiyosaki sounded the alarm about numerous asset market bubbles and raised the possibility of an epic market crash, hyperinflation and even an economic crisis. The author of the book "Rich Dad, Poor Dad" and the guru of personal finance called the next recession a chance to make a deal and recommended buying gold, silver, bitcoins and even household goods.Here are his top 10 tweets for this year, lightly edited for clarity:1๏ธโฃ "WOW: words of wisdom. "Your profit comes when you buy, not when you sell." The price of bitcoin is falling. Great news. I bought Bitcoin $BTC at a price of $6,000 and $9,
$Nasdaq 100 Trust(QQQ)$closed super weak, most likely we will reach 285 before the opening - a super important levelBitcoin holds the base, $ETH is falling strongly, I think we will see something similar for BTC = negative for the market You can consider the short $COIN = the channel punched down has been checked and you can safely fall 50.3-41 + heavy negative cryptocurrencies
Larry Fink, CEO of Blackrock, which manages more than $10 trillion, has started selling his shares again in a fairly large amount, about 8%. The previous time he sold shares right before the COVID correction And in general, insiders are now more active than ever. And in 95% of cases, these are sales. Like hamsters, they are probably preparing for growth ๐คทโ๏ธ
Inflation in the UK soared above 10%. Markets react to such news more and more painfully. In July, British inflation reached 10.1% after 9.4% a month earlier. It grew above expectations (the consensus forecast was 9.8%).Usually in June, prices seasonally decrease in the UK. This month they have added 0.6% (mom). And this is despite the fact that gasoline is cheaper in July.Food prices have risen by as much as 12.7% (YoY). What does it all mean?1๏ธโฃ The Bank of England is likely to raise the rate by 50 bps at the next meeting. This is quite an aggressive pace.2. Such unpleasant figures cause serious concerns that similarly inflation will continue to accelerate in other developed countries. In particular, in the eurozone. The markets reacted emotionally, bond sales began and, accordingly, the