TyB
planeFag Yerp and eastern Med. activity
Hungarians, Italians, Germans, Portuguese, Bulgarian, Greek,Spanish AFs departed Brussels after EU meeting
EU countries tell Brussels to tighten its own belt
Some EU leaders have scoffed at requests for billions of euros on top of the bloc’s regular budget. The two-day leaders’ summit in Brussels this week brought those divisions to the fore, underscoring how an agreement on the budgetary update is still a long way off, as all 27 EU countries need to back it.
https://www.politico.eu/article/budget-slovakia-spending-priorities-frugals-debt-funds-hungary-european-commission/
(Not a normal source used but timely nonetheless)
Eastern Med
IAF IRON G550 ISR out from Nevatim AN-plus those 2 C130s up
German AF GAF952 departed Ankara WN
Argentina AF FAG081 737 departed Tel Aviv WN
Canadian AF CFC4024 C17 on ground @ Beirut
JPMorgan chief Dimon to sell some of his own company stock for first time
JPMorgan Chase (JPM.N) Chief Executive Officer Jamie Dimon will sell part of his stake in the largest U.S. bank next year for the first time in almost 18 years at the helm, the bank said on Friday.
Billionaire Dimon and his family intend to sell 1 million of the 8.6 million shares they own, subject to the terms of a stock trading plan, the bank said in a regulatory filing.
The sale would fetch nearly $141 million, with a remaining stake of about $1.07 billion, based on Thursday's closing price. It will account for less than 10% of Dimon's holdings, which also include performance shares that have not vested and stock options. Dimon has an estimated net worth of $1.7 billion, according to Forbes. JPMorgan has a market capitalization of over $409 billion, according to LSEG data.
Dimon will sell the stock for "financial diversification and tax-planning purposes," and he "continues to believe the company's prospects are very strong," the bank said in the filing.
The sale is not related to leadership succession, a company spokesman said. Dimon is not planning to sell more stock, but could consider doing so in the future, the spokesman added.
https://www.reuters.com/business/finance/jpmorgan-ceo-dimon-sell-some-his-stake-2024-2023-10-27/
I remember that on the day that Notre Dame Cathedral was intentionally burned down in 2019(also ‘tax day’ and Olympic sinking day-April 15th)…a few members of the BoD of JP Moran reported share sales….:I
Also he knows they will cut rates before everyone expects it….all that bank bailout munee that was distributed at the start of Silicon Valley Bank crap on March 10th but started a few days before-currently about $109b-needs to start to be returned on March 11th (I’ll let you figure out what anniversary that is…cough Fukushima)
They always set shit up this way…..
Nope just yer tired script
BOJ to discuss raising fiscal 2024 inflation outlook over 2%
()=additional comments
(Ya think??!!….Never raising rates and been saying that since Jerry/Janet and the inkjets were still on the “it’s transitory” bullshit…they, BoJ stuck buying own debt and also equities since they are the largest holder of that supplanting the public pension fund several years ago)
The Bank of Japan is likely to raise its consumer price index outlook for fiscal 2024 to the 2% growth range when its policy-setting board meets next week, moving closer to its goal of stable and sustainable price increases.
The upgrade would mean the rate of inflation will stay above the central bank's target of 2% for a third consecutive year.
The BOJ will discuss the fiscal 2024 CPI rate, currently projected at 1.9%, at its monetary policy meeting Monday and Tuesday, with the results included in the Outlook for Economic Activity and Prices report to be released Tuesday. Policy board members in July gave median forecasts of a 2.5% increase in CPI excluding fresh food in fiscal 2023, which ends in March 2024, as well as the 1.9% rise for fiscal 2024 and 1.6% growth in fiscal 2025.
Rising prices have been caused by raw materials costs, with the CPI up 3% in fiscal 2022 after Russia's invasion of Ukraine. Though import prices have stabilized, high crude oil prices and a weak yen are putting upward pressure on raw materials once again.
The CPI minus fresh food in the 23 wards of Tokyo rose 2.7% for October, data announced Friday shows, the first uptick in the growth rate in four months. Coupled with efforts by companies to pass on costs, prices have remained higher than the BOJ expected.
The October outlook report is expected to partly reflect the government's economic measures. Prime Minister Fumio Kishida plans to extend current subsidies for electricity, residential gas and gasoline until spring are expected to weaken momentum for price increases for the current fiscal year. But this could heighten price increases in fiscal 2024. The board meeting next week also is expected to address whether to revise the bank's yield curve control (YCC) policy again in light of a higher CPI projection. The BOJ essentially raised the cap on long-term government bond yields in July from 0.5% to 1%. Rates are trending in the high 0.8% range, near the upper limit.
The BOJ has stressed that tweaking its yield curve control was a measure to maintain monetary easing, not a path toward normalizing monetary policy.
If the current policy is maintained until the next policy meeting in mid-December, the yen could continue to depreciate, spurring higher prices(which will spur moar US Debt sales to cap Muh yen and then the Chinese, UK,Belgium, Italy, Luxembourg, Cayman Islands etc. will follow suit….look for the next round of what started at the end of September will habben towards mid to end of Nov.)
https://asia.nikkei.com/Economy/Bank-of-Japan/BOJ-to-discuss-raising-fiscal-2024-inflation-outlook-over-2
https://tradingeconomics.com/japan/currency
Muh yen turned away and below 150 down just over .5%
Colombian AF 737 leaving to NE nao
RCH157 KC-46a departed Asunción Paraguay north
Take dhat