Month: October 2023

Worry: US Labour Costs Rise

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🇺🇸 🇺🇸 US employment costs unexpectedly accelerated in the third quarter, heightening concerns that a strong labor market risks keeping inflation above the Federal Reserve’s target

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Toyota Doubles Investment In Battery Plant

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🇯🇵 🇯🇵 Toyota said it is more than doubling its investment in a battery plant under construction in North Carolina

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Mercedes Benz Is Undervalued

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🇩🇪 🇩🇪 Mercedes Benz trades at a TTM P/E of under 4. Compared with peer German luxury car manufacturers BMW at 4.9 and Porsche at 14, Mercedes-Benz stock seems undervalued
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Watch L3 Harris

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🚨 🚨 L3 Harris Tech has outperformed the S&P by 26%. Two major M&A deals have closed in 2023 and defense funding is on the path to increase globally

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iPhone 15 China Sales Drop

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🚨 🚨 The iPhone 15 series saw a 6% decline in sales in its launch month compared with the prior year, according to data from market researcher GfK. Mobile industry tracker IDC estimates Apple’s shipments were down 4% in the third quarter

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USDJPY Climbs Further

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🇯🇵 🇯🇵 BREAKING: USDJPY Surges Above ¥150.70

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HK: Negative-Equity Mortgages Triple

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🇭🇰 🇭🇰 The number of negative-equity mortgages in Hong Kong more than tripled to 11,100-plus cases in September

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Taiwan GDP Climbs Fastest In A Year

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🇹🇼 🇹🇼 Taiwan’s economy grows at its fastest pace in a year in the last quarter. Gross domestic product in the July to September period rose 2.32% from a year earlier

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Dutch Inflation Plunges To Record

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🇳🇱 🇳🇱 Dutch #inflation falls to the LOWEST level on record!

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10-Year Bond Yield Drops Before Refinancing

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🚨 🚨 BREAKING: US 10-Year Bond Yields Drop 4.84%

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