From Marc to Market:
The US dollar is mostly softer as AI worries resurface. A dismal showing of an IPO for an AI infrastructure company in South Korea seemed to renew last week’s concerns. The Canadian dollar is leading the charge today after the secessionist referendum in Alberta lost handily. The UK reported better-than-expected employment figures, which helped lift sterling.
In addition to the AI concerns, investors are monitoring two other developments today. First, Iranian strikes are lifting oil prices. Brent is at a five-month high and the December WTI contract is above $100. The Norwegian krone often is sensitive to oil prices, and it is the second strongest G10 currency today behind the Canadian dollar. Second, the social/political tensions in several European countries remain a concern. French 10-years are at new highs, approaching 5% and Italian bonds are also under pressure. The peripheral premiums over Germany are widening....
....MUCH MORE
And any minute Haiti is going to issue a travel advisory for its citizens stating Europe is too dangerous to visit, stay home, stay safe.
