Friday 19/01/24

In MACRO & OIL NEWS, Germany limps on, Hunt hints at tax cuts, the IEA reckons there's going to be a surplus of oil and the US is going to be a part of that. In LUXURY & RETAIL NEWS,Richemont bucks the trend, Watches of Switzerland has a 'mare, Bentley doesn't cut it, Birkenstock shares dive and Sainsbury's takes a hard look at itself. In REAL ESTATE NEWS, Prologis sees rising profits while in the UK mortgage demand rises but so do mortgage defaults. In MISCELLANEOUS NEWS, European EV sales lose steam, BYD announces a new EV factory and German car parts suppliers talk job cuts while TSMC talks up chips in 2024 and Google announces plans for a $1bn data centre in the UK. AND FINALLY, I bring you an amazing umbrella dance!

 


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