<p>According to filings with the U.S. Securities and Exchange Commission (SEC) Warren Buffett's Berkshire Hathaway has increased its holding of shares of Occidental Petroleum to 34%.</p><p>Seeking Alpha (gated, but<a href="https://www.msn.com/en-us/money/markets/berkshire-hathaway-s-share-of-occidental-petroleum-hits-
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Barclays view market expectations for Fed rate cuts as too aggressive
<p>Barclays with comments on the Federal Open Market Committee (FOMC) and equity markets for the year ahead. </p><p>Analysts at the banks say the market is correct in looking for rate cuts, but is too optimistic:</p><ul><li>“Although the rate cuts priced in the US look too aggressive to us absent a deep recession
ICYMI – US Treas Sec Yellen said more work is required to get inflation under control
<p>US Treasury Secretary Yellen spoke from Boston on Wednesday. Given the nature of her remarks I wonder if she has seen the CPI numbers due today already and is softening us up for disappointment? Maybe I'm being too suspicious. </p><p>Yellen:</p><ul><li>television prices are down by 28% from their peak<
Here is what to watch for an extreme surprise in the US CPI data today
<p>It's a huge day for data from the US on Thursday 11 January, with interest centring on the inflation data at 8.30 am US Eastern time:</p><p>Taking a look at the range of expectations compared to the median consensus (the 'expected' in the screenshot above) for the key data points:</p><p>December CPI H
USD continues to lose ground in Asia trade
<p>Its an across the board plunge for the US dollar in Asia trade, even against the hapless yen!</p><p>Apart from the news that has already been posted there is nothing fresh. The dollar weakness is carrying on from the same on Wednesday. </p><p>The de-dollarization folks will be pointing to this:</p><ul>&l
China is encouraging foreign nationals to come to the country
<p>China's National Immigration Administration has said its taking measures to facilitate foreign nationals coming to China:</p><ul><li>will proactiveely coordinate with relevant authorities to focus on 'choke points' for foreigners coming to China for business, sturdy and tourism</li></ul><p>
Forex Today: US SEC Approves Bitcoin ETFs – 11 January 2024
US SEC Gives Regulatory Approval to Bitcoin ETF, Crypto Does Not Make New High; Markets Await US Inflation Data; Stock Markets Higher, US Dollar Consolidates; Nikkei 225 Makes Another 34-Year High
Market Insights Podcast – US inflation preview, bitcoin ETF announcement – heochaua
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Euro looks for more heading into Thursday, but plenty of roadblocks remain
The Euro (EUR) saw thin but insistent broad-market gains on Wednesday, climbing against the rest of the major currency bloc in thin markets on equally thin data, with Tuesday’s Eurozone Unemployment Rate continuing to bolster the Euro as investors shrug off bearishly cautionary statements from European Central Bank (ECB) policymakers.