Mankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It's called the graph.
- There certainly aren’t many politicians as famous for their influence on economic policy as Shinzō Abe. Abenomics became the term, describing a range of stimulus measures and reforms aimed at reinvigorating Japan’s sluggish economy. Now, the violent death of the elder statesman falls into a time of piling up bets against the country’s central bank.
- In Europe, strikes in Norway added to volatility in natural gas prices while consumers brace for record increases in utility bills and some landlords announced to reduce building temperatures.
- Currency markets remained in the spotlight as the CHF and USD (almost) hit parity to the EUR, while the JPY continued to weaken on the back of dividing central bank policies. Commodity prices retraced, and oil briefly fell under 100 USD, which helped equities bounce - led by Growth and Quality names.
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