Friday 16/06/23

In MACRO, BUSINESS TRENDS & OIL NEWS, the ECB raised interest rates, China unveiled disappointing numbers, Siemens invests in China and Informa bounces back while oilfield services consolidate. In FINANCIAL SECTOR NEWS, HSBC and Standard Chartered get pressure to take on crypto clients, Citigroup cuts jobs, Revolut gets a brutal valuation cut, Odey gets broken up and ESG guidance rates tobacco companies above Tesla. In REAL ESTATE-RELATED NEWS, more lenders raise mortgage rates and household finances get drained. In MISCELLANEOUS NEWS, battery powered planes run out of juice, Fuller's toasts a rebound and Frasers buys more Asos. AND FINALLY, I bring you an amazing photo and how it was done...

 


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