🚨 🚨 The Biggest Beneficiary: The Fed might need to keep rates higher for longer to bring inflation down to its 2% target. This US bank sees the highest benefit from free funding and has the least exposure to short-dated CDs and benefits the most in a higher for longer environment
✈️ ✈️ A new report by the research company Morning Consult shows Intentions to travel dropped 11 percentage points in France and six in Germany since 2022. Interest to travel also fell in Canada and Russia (-4 percentage points each)
🇵🇭 🇵🇭 Philippine President Ferdinand Marcos Jr.’s approval rating saw its sharpest fall since he assumed power last year amid elevated inflation, according to a survey by pollster Pulse Asia Research Inc
🇮🇩 🇮🇩 Indonesia: The train connecting the capital Jakarta to a nearby city of Bandung can ferry up to 600 passengers at a top speed of 350 kilometers (220 miles) an hour. The railway is called WHOOSH, an acronym for “Time Saving, Optimal Operation, Reliable System” in Indonesian
🇸🇬 🇸🇬 Singapore: Private home valuations rose 0.5% from the previous three months, reversing a 0.2% drop in the second quarter, initial estimates from the Urban Redevelopment Authority showed Monday