economic uncertainties

On today's podcast:    

1) Trump Barred From Colorado Ballot in Unprecedented Ruling:
     - Colorado’s highest court found that Donald Trump is ineligible to serve as US president because of his actions inciting the Jan. 6, 2021 attack on the US Capitol.     

2) Herzog Says Israel Ready to Pause Fight in Bid for Hostages:
     - Israeli President Isaac Herzog said his country is prepared to agree to a second humanitarian pause in fighting in exchange for the return of more hostages held by Hamas.     

3) Federal Reserve Officials Push Back on Interest Rate Cuts:
     - Federal Reserve Bank of Atlanta President Raphael Bostic said he doesn’t expect there will be urgency to lower rates next year, emphasizing that the US central bank must be resolute and patient as officials assess their next policy move.

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On today's podcast:

(1) Five days after Hamas carried out the deadliest assault on Israel in half a century, both sides are bracing for a major ground attack on Gaza.

(2) More than 2,400 people have been killed since Saturday's surprise attack against Israel.

(3) Stagnant deal activity, easing volatility and peaking interest rates are set to compound pressure on bank earnings, according to the boss of Barclays.

(4) UK listings may be thin on the ground, but the boss of the London Stock Exchange Group says there's value in such scarcity. 

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The 10- and 30- year Treasury yields just hit their highest levels since 2007, sending prices down. And at the same time, equities moved in the same direction. That’s not supposed to happen. Today on the show, we try to figure out what is happening and why. Also we short our previous long on Three Arrows Capital and go long the Japanese yen. 

Links:

Please join the FT and Nikkei for a webinar on the revival of the Japanese stock market on Wednesday October 11 at 14:00 London time: japanesestockmarketrevival.live.ft.com

For a free 90-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer

Follow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on X, formerly Twitter. You can email Ethan at ethan.wu@ft.com.

Read a transcript of this episode on FT.com

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Hedge funds have cut their bets on a rising US stock market to the lowest level in at least a decade and pivoted to Europe, a top US banking regulator has announced tougher capital rules for a broader range of lenders, and Dutch PM Mark Rutte is quitting politics after the collapse of his coalition. Plus, the FT’s Henry Foy explains why Nato is torn over whether to admit Ukraine. 

Mentioned in this podcast:

Hedge funds slash bets on US after rally and pivot to Europe

Top US bank watchdog outlines tougher rules for larger lenders

Nato’s dilemma: what to do about Ukraine’s bid to join?

Erdoğan links Sweden’s Nato bid with Turkey’s EU accession

Dutch PM Mark Rutte to quit politics after collapse of coalition

Correction: In the July 10 episode of the FT News Briefing we mistakenly described the UK Chancellor’s annual speech as the Madison speech. It is the Mansion House speech. We regret the error. 

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Your morning briefing. The news you need in just 15 minutes.
On today's podcast:

(1) Fed Minutes to reveal extent of support for larger hikes as PMI data drives yields to 2023 highs.

(2) The US and its allies get set to announce fresh sanctions against Moscow this week.

(3) Microsoft says its $69bn Activision deal must include Call of Duty.

(4) US regulators investigate the use of unapproved messaging apps at Wells Fargo. 

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