Good morning🐤! 100% today so it's gonna be a great wkend. Weather is nice & cool in HK & the sun is out & the pollution isn't too grim. In terms of economic data, we got falling durable goods order for September but manufacturing PMI rising in Oct 👇🏻
Europe showed stabilization
Europe showed stabilization
In Asia, got rising confidence from Korean consumers (don't expect that to last as they got high household debt. esp relative to disposable income). Singapore got industrial production today & expectations are low. Vietnam trade data'll be out at some pt & will out shine Asia 👇🏻
Of course, Draghi's famous last words: NEVER GIVE UP!
“If there's 1 general thing I'm proud of, it's the way the Governing Council & myself constantly pursued our mandate. This's something we collectively should be very, very proud of. This's part of our legacy – never give up.”
“If there's 1 general thing I'm proud of, it's the way the Governing Council & myself constantly pursued our mandate. This's something we collectively should be very, very proud of. This's part of our legacy – never give up.”
Draghi also had famous last words in 2012👋🏻:
“Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.”
He leaves w/ more questions thanks answers, such as negative impact of NIRP & room for maneuver for Legarde. 👈🏻
“Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.”
He leaves w/ more questions thanks answers, such as negative impact of NIRP & room for maneuver for Legarde. 👈🏻
Should be than not thanks 🤦🏻♀️🤦🏻♀️
