🇺🇸 AI Neoclouds Lose Their Shine, Stalling IPOs and Sinking Stocks - Bloomberg bloomberg.com/news/articles/…

🇺🇸 🇮🇷 *IRAN-US TALKS CONTINUE, REPORTS DEAL IS CLOSE ARE WRONG: PERSON - BBG *DIPLOMAT INVOLVED IN IRAN-US NEGOTIATIONS COMMENTS ON TALKS

🇺🇸 🇮🇷 *PROPOSAL PRESENTED TODAY BY THE PAKISTANI ARMY CHIEF TO SENIOR IRANIAN OFFICIALS HAS RECEIVED AMERICAN APPROVAL AND HAS ALREADY RECEIVED PRELIMINARY AGREEMENT FROM IRAN. - ISRAEL'S CHANNEL 12 NEWS – FINANCIALJUICE (see below)

🇺🇸 *US SEPT. HOUSING STARTS 1.221M; EST. 1.305M - BBG *US SEPT. HOUSING STARTS FALL 5.2% M/M; EST. +1.9% *US PRELIM SEPT. BUILDING PERMITS FALL TO 1.400M *US PRELIM SEPT. BUILDING PERMITS FALL 0.2% M/M; EST. -1.3%

🇪🇺 European #Gas Prices Rise Above €90 for First Time Since 2022 - Bloomberg bloomberg.com/news/articles/…

🇫🇷 #France | French Bond Risk Climbs Again With Investors Wary on Outlook - Bloomberg bloomberg.com/news/articles/…

🇫🇷 #France | Betting markets suggest this weekend’s protests are reshaping the presidential race: 1️⃣ 📈 Le Pen gains traction, with her odds rising above 50% on Kalshi. 2️⃣ 📉 Mélenchon loses ground, slipping to 4th place across platforms, with his odds falling below 9% on Kalshi. ➡️ Next French Presidential Election - Polymarket polymarket.com/event/next-fr… ➡️ Next French presidential election winner? - Kaslhi kalshi.com/markets/kxfrenchp…

🇺🇸 Hedge Funds Cut Tech at Fastest Pace in a Decade, Goldman Says - Bloomberg bloomberg.com/news/articles/…

⚠ Tuesday Brief⚠️ 🇯🇵 #BOJ May Stand Pat on Rates this Month 🇨🇳 #PBOC Plans Bond Liquidity Backstop 🇬🇧 U.K. Payrolls Bounce Back 🇩🇪 German Industry Has Lost Nearly Half a Million Jobs Since 2019 ... christophe-barraud.com/morni…

🇲🇾 #Malaysia Exports Surge 55% to a Record in September on AI Boom - Bloomberg bloomberg.com/news/articles/…

🇨🇳 #CHINA'S 1-YEAR INTEREST-RATE SWAP DROPS TO LOWEST SINCE 2009 - BBG

🇮🇪 RYANAIR SEES HIGHEST INCREASE IN AIR FARES IN HISTORY NEXT YEAR - BBG *RYANAIR IS 85% UNHEDGED NEXT YEAR, SEES HIGH FUEL SURCHARGES

🇯🇵 SoftBank Group Credit Risk Hits 4-Year High on AI Funding Strain - Bloomberg bloomberg.com/news/articles/…

🇨🇳 #China | Growth remains concentrated in tech. - Technology is supporting growth not only in manufacturing but also in services. ➡️ High-tech manufacturing expanded 15.3% year on year in September and 14.3% in the first three quarters, far outpacing GDP growth. ➡️ Manufacturing of computers and other electronic equipment rose 16.4% in September and 15.8% year to date.

🇩🇪 Germany has lost nearly 500,000 industrial jobs since 2019 according to an Ifo ​study. Yet the country continues to create jobs and that is where the real problem with the German economy lies. 📊 Including certain estimates for temporary workers, the losses could reach 628,000 jobs but all these losses are concentrated in the sectors that have historically driven Germany's industrial strength. We are talking about 123,500 jobs lost in the automotive industry and its suppliers, 115,600 in fabricated metal products, and 64,500 in machinery manufacturing. Together, these three sectors account for 60% of all industrial job losses. ⚠️ Over the same period, the country added approximately 1.7 million jobs overall, largely driven by the services sector, which gained more than 2.2 million jobs. However, a significant share of this job creation has been concentrated in public administration, healthcare, education, and social services. These activities are essential but they do not offer the same potential for productivity gains, innovation, and exports as Germany's traditional industrial sectors. ➡️ To understand this transformation, we need to look at the foundations of Germany's economic model. For decades, its success relied on high-end manufacturing, highly specialized exporting companies, a skilled workforce, relatively competitive energy costs, and strong international demand. Today, these advantages are being challenged as energy costs remain elevated, demographic aging is increasing labor market pressures, and international competition is intensifying. I am afraid of the emergence of a vicious cycle as weakening competitiveness could discourage investment, slow innovation, and further undermine the country's productive capacity. Moreover, this transformation is taking place at a time when demographic aging is increasing the financial burden of pensions, healthcare, and long-term care. Germany appears to be gradually losing some of the economic advantages that made it so successful, and without a recovery in competitiveness, what currently looks like an industrial crisis could turn into a lasting crisis of Germany's entire growth model. *Ifo link (German): ifo.de/DocDL/ifoDD_2605_04-1…

🇬🇧 UK Payrolls Bounce Back Ahead of Chancellor Healey’s Budget - Bloomberg bloomberg.com/news/articles/…

🇯🇵 Bank of Japan may raise inflation forecast, stand pat on rates, sources say - Reuters reuters.com/world/asia-pacif…

🇨🇳 #China | #PBOC Rate Shift Plan Would Lower Borrowing Costs, Says Analysts – Bloomberg bloomberg.com/news/articles/…

🇨🇳 #China leaves loan rates steady for 17th consecutive month - Reuters reuters.com/business/finance…

🇨🇳 #PBOC SHIFT TO OVERNIGHT RATE NOT EQUIVALENT TO RATE CUT:REPORT - BBG *PBOC-BACKED FINANCIAL NEWS CITES INDUSTRY EXPERT COMMENTARY