Moving from repeated slippage to a multi-year consolidation of this scale would likely require a considerable degree of political discipline and unity, which may be challenging to achieve...

• US President Trump announced a potential Russia-Ukraine energy ceasefire, while also lifting Russia's diesel export ban.
• Ukrainian President Zelensky said that he was willing to halt strikes if Russia stopped targeting Ukrainian infrastructure, but noted that Russia hit a power plant, following US President Trump's energy ceasefire comment.
• US equity futures are firmer but off best levels as energy rebounds (Brent +1.1%).
• DXY posts mild gains; GBP outperforms as PM Burnham aims for improved EU ties

"Conversations at Data Center World Expo in Singapore were largely focused on the ability of the supply chain to ramp capacity quickly..." 

There is no shame in armistice when the alternative is Armageddon...

"A crucial first step, but only a first step,” yet the new limit on Beijing’s hybrids still lets in almost 8 times as many as Europe imported before the EV tariffs...

The United Kingdom already has one of the most controlled digital environments in the world...

"We think the bar for direct ECB intervention is very high, but France may not be the last test. Fiscal challenges are tough all over...  Markets are less willing to look through them, and investors are now pricing greater risks ahead."

Regardless of however the "friendly competition" evolves between Germany and Poland over leading NATO 3.0 , one thing is certain, and it's that US-led creative energy diplomacy will likely shape the post-war European security architecture...

• US President Trump is considering joining Saudi strikes against Yemen's Houthis following deadly airport attacks, while Iran reiterated that Hormuz will only reopen once the US fulfils all seven conditions.
• US President Trump announced a potential Russia-Ukraine energy ceasefire and a diesel deal with Russia, sparking criticism from US lawmakers.
• APAC stocks traded mixed amid geopolitical tensions and holiday-thinned trade; US equity futures gained, while European futures point to a positive open.

What will you refuse to forget how to do?

Muse growth peaking... and now for the bill

Progressive activists always take the side of the villain... 

“The biggest challenge I see for most investors — especially those who only recently got into Korea for the memory chip trade — is that the easy money in that theme has been made”

But there's a catch...

While investors are being asked to fund the AI rollout, progress in turning that investment into meaningful returns has so far been underwhelming. Those concerns are being echoed across all global markets.

"The recent sharp increase in global interest rates is exposing the unsustainable reality..."