Mindblown: a blog about philosophy.

Although yesterday’s US initial jobless claims were higher, continuing claims lower, trade deficit collapsed due to previous ‘front loading’ by US importers, with a Xi/Trump phone call too, all was/is overshadowed by Trump/Musk online farce and 15% dive in Tesla stocks that pulled all US bourses lower at the Wall St close. How international markets […]

The recent spate of disheartening economic data (factory activity, US service sector contraction, tepid labour market) is being ignored as stocks are stable and bond yields are on the descent. Trade talks between the US and its partners are likely to intensify in the near future. Producer prices registered a year-on-year increase of 0.7% in […]

Economy update Today is Liberation Day deadline and the beginning of higher US tariffs on steel and aluminium imports. Eurozone business activity hardly changed in May, chiefly because the service sector shrank for the first time in 8 months. The HCOB Eurozone Composite PMI index fell to 50.2 in May from 50.4 in April. The […]

Economy Update APAC opened steady, held initially by a late rally in Wall St due to tech appetite but of late bourses wobble lower even with a better showing in EU Core CPI 2.3% v 2.5% call. Trump is reportedly asking for best tariff offers from countries by Weds, but some trading partners deny receiving […]

Economy update Weekend developments have resulted in a flight out of risk assets. The US President has threatened to double tariffs on US steel and aluminium imports starting June 4. Factory activity in the euro zone stabilized in May, its index rose from 49.0 to 49.4, still below the crucial 50 mark. In Asia, the […]

Bourses are the scene of uncertainty after appeals court keeps tariffs temporarily in play against CIT ruling. Stories on how Administration will form a new tariff regime if the appeal fails means APAC, Europe and US futures experience mixed progress. US Treasury Secretary commented Sino/US trade talks are a bit stalled. Depending on what you […]

Economy Update Although Wall St handed over strongly after EU tariff moratorium and a beat in US Consumer Confidence, APAC and Europe remain contained with few fresh drivers and drift. A poor showing in Japan’s long-dated bonds saw the Nikkei back off and questions of global fiscal stress catch some news. FOMC minutes will be […]

Greetings everyone, We open this holiday week on the positive side in the US markets, as they seek to make back Friday losses. Along with this, we have the much-anticipated earnings reports coming from Nvidia after market close on Wednesday. Nvidia has been a highly volatile equity as of recent, being very susceptible to swings […]

Economy update After announcing a 50% import tax on EU goods, the US president delayed the implementation of punitive measures until July 9. The move is in line with recent capricious policymaking and sent bond yields sharply lower, equities higher. The dollar is trying to recover. The index, which measures economic sentiment in the common […]