Thursday 11/07/24

In MACRO & OIL NEWS, the US presidential drama rumbles on, China plays down hopes of drastic measures, Macron calls for consensus, UK interest rate cuts are mooted and OPEC bets on steady oil demand while BP predicts peak oil demand in 2025. In REAL ESTATE NEWS, top end London property prices fall, Crest Nicholson gets closer to Bellway and Barratt Developments says it will build fewer homes. In TECH-RELATED NEWS, Microsoft and Apple ditch their OpenAI seats, Chinese Xiaohongshu social media platform gets foreign backing and Baidu's robotaxis could see human limitations. In MISCELLANEOUS NEWS, the UK announced its biggest overhaul of listing rules in a generation, the ECB sounds a warning on shadow banking, India's tea problems look unlikely to hinder Brits too much and Labour begins a crackdown on water companies. AND FINALLY, I bring you a terrifying sight (if you're scared of heights!)...


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