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BLOOMBERG Bloomberg July 3, 2024

China down, hsi and outperformer today above the 17,000 level. All sectors in the green. We are keeping watch on the kiwi , as the rbnz pushback on expectations for rate cuts despite lingering concerns about growth. Markets pricing in nearly three rate cuts for the year. Were keeping an eye and the nikkei as well, under pressure. The governor avoiding sounding dovish on Monetary Policy. In traders on guard for possible currency intervention. Investors are waiting the key u. S. Inflation reading in the coming hours. Inflation will be sticky. It will be absolutely sticky. Were going to get stuck at around 2. 5 3 . I think that warrants over the longterm the fed rethinking its inflation target. Haslinda the cftc says firms that use borrowed money to amplify returns increase short returns in the futures market for the first time in two months. We saw record size trade in shortterm In ....

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