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Macro Picture (US (Economy (Consumer prices (rebound < expected (Apr)),…
Macro Picture
US
New deal
#
:check:
Open markets
Industries eg
Financial services
Beef
Natural gas
Banking
Bond selling
volume dropping off
Corporate debt trading
Apr -20.4%
most revenues to banks
uncertainty
issuance fall
little reason to borrow for companies
Economy
Consumer prices
rebound < expected
Apr
retail sales
stable +0.4%
consumer confidence index
4 mth high
Fed
2017
2 more rate
hike
appropriate
Oil
US drillers
reduce hedging
cost falling
China
acquisitions
2016
$246 billion
+137%
no 2 largest global acquriers
2017
hurdles
tighter capital controls :no_entry:
wary counterparties
some cancelled deals
some put 10% break fee
Jan-Apr
Cross-border purchases -67%
Belt & Road Forum
:check:
promotes
$500b plan
trade & infrastructure
signed up by 100+ countries
30 world leaders
Globalisation 2.0
North Korea
14/5 Missile launch test :warning:
challenge S. Korea new president
Moon Jae-in
favors
sanctions
talk
into Sea of Japan
Trump's last statement
#
military action is an option
“flagrant menace”
dialogue only if
give up nuclear weapons program
Global
Cyberattack
:explode:
UK
most health facilities
48 organisations
London hospitals
Russia
Ministry of Interior
Germany
Deutsche Bahn rail system
& Ukraine
Others
Nissan Motor Co.
Renault SA
FedEx Corp
More than 75,000 computers in 99 countries
Crytocurrency
Bitcoin
current price
$1843
YTD + 94%
supply
after 2010
21m coins