#GlobalOpinion | Richard Yetsenga Of ANZ Research To @CNBCTV18News - #FII flows are expected to return to #India at some stage next year - Believe 2026 will be a better year for #Rupee @_prashantnair @surabhiupadhyay @Nigel__DSouza #CNBCTV18Market @ricyet WATCH:

But if I don’t know to ask about the “torque spec” I end up with a much bigger problem. Is this not another self-driving car issue? Ie it’s 95% awesome, but the last 5% reduces the real-life usefulness massively.

#WATCH | “A truce, not a treaty” 🇺🇸🇨🇳 Richard Yetsenga says the US-China trade deal signals a pause not peace. “It’s an interruption in the skirmish, not the end of it” Full Interview: https://t.co/BxttH4J2Sd #Trade #USChina #Markets #Geopolitics #ETNOW #GlobalEconomy

#AusCPI. Aus not much of an outlier. #CalmTheFarm

In one chart why climate change mitigation policies are so difficult to sustain -- trying to keep oil for producers at circa USD70 a barrel to reduce supply but at circa USD140 a barrel for consumers to reduce demand.

This chart from @sharon_zollner for #NZ neatly summarises the tension in many societies. Consumers fearing the world but business hoping for the best.

One chart from today's national accounts that neatly summarises why we are in an easing cycle in #Australia

ANZ-Roy Morgan Australian Consumer Confidence is now available at

- Regardless of how the next 90 days evolve, the US’s international reputation has been eroded. The US dollar’s valuation extremes against some currencies seem increasingly unjustified in the medium term. Now, we monitor. ...

- For the global economy, the good news is the bilateral China/US tariffs are a more garden-variety economic challenge, but it is a challenge nevertheless. We are therefore still likely to see stimulus from central banks, but emergency plans will be put back on the shelf. ...

- The first couple of trade deals will be watched for clues. My conjecture is the hurdle to claim deals will be modest. - China still faces substantial challenges, and further stimulus seems likely. ...

Blue Lens: post the Trump pivot The global situation remains fluid (needless to say), but conditions have improved. - The US administration’s pivot on tariffs isn’t a reversal, but it is good news. ...

This quote is quite relevant. If the tariffs are sustained, I would be very cautious about model outcomes.

Economists often talk about ‘policy errors’. But I have never seen anything like this.

"...and U.S. oil production will decline as it did during COVID-19." "I have never felt more uncertainty about our business in my entire 40-plus-year career." Oil and gas activity edges higher; uncertainty rising, costs increase -

"The threat of $50 oil prices by the administration has caused our firm to reduce its 2025 and 2026 capital expenditures. "Drill, baby, drill" does not work with $50 per barrel oil. Rigs will get dropped, employment in the oil industry will decrease, ... ++

"The administration’s tariffs immediately increased the cost of our casing and tubing by 25 percent even though inventory costs our pipe brokers less. U.S. tubular manufacturers immediately raised their prices to reflect the anticipated tariffs on steel. ++

The Dallas Fed's Energy Survey: "The administration's chaos is a disaster for the commodity markets. "Drill, baby, drill" is nothing short of a myth and populist rallying cry. Tariff policy is impossible for us to predict & doesn't have a clear goal. We want more stability." ++

The Australian budget in three frames.

The @sffed argues "housing supply constraints are quantitatively unimportant in explaining rising housing costs across U.S. cities".