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USD/JPY is struggling to maintain upward momentum after failing to break through key resistance at 146.50, with analysts warning of a potential deeper pullback towards 140 and below. The next critical support level is at 142; if breached, further declines to 140/139.50 and possibly 136.50 could follow.
Crédit Agricole S.A., a leading European banking group, is set to redeem JPY 5.8 billion in subordinated bonds. The bank's diverse operations include finance and investment banking (31.2%), retail banking (28.5%), asset management and insurance (27.6%), and specialized financial services (12.7%). As of the end of 2024, it managed EUR 868.1 billion in deposits and EUR 548.1 billion in credits, with a significant presence in France and across Europe.
The Swiss franc has surged over 7% against the USD since early April, driven by soft inflation and expectations of further action from the SNB, which may cut rates to negative territory at its June 19 meeting. Meanwhile, the euro's strength is under scrutiny amid economic challenges and anticipated ECB rate cuts. EUR/USD has retreated from its April peak, reflecting shifting market sentiment influenced by trade dynamics.
Billionaire investor Bill Ackman praised "Buffett & Munger Unscripted," a book by Alex Morris that compiles decades of investment wisdom from Warren Buffett and Charlie Munger, as “a great book.” This endorsement comes as Buffett prepares to step down as CEO of Berkshire Hathaway, marking the end of a remarkable career. The book highlights key investment principles and showcases how Buffett and Munger transformed Berkshire into a multi-billion dollar conglomerate.
Chinese investors continue to accumulate gold despite a recent price correction, with buying interest expected around $3190. Meanwhile, the USD/JPY has strengthened following the Bank of Japan's decision to maintain interest rates at 0.5%, while the Fed and BoE prepare for key rate decisions amid mixed economic signals. The Hang Seng Index rose 2.4% on optimism from China's economic support measures, despite a contraction in US GDP.
Indonesia's cryptocurrency sector is advocating for tax reforms to enhance its global competitiveness, as current rates (0.2% income tax and 0.11% VAT) hinder growth compared to countries like Thailand and Japan. The planned transfer of crypto oversight to OJK by January 2025 marks a significant regulatory shift, recognizing crypto assets as financial instruments and aiming for better integration into the financial system. Despite high transaction taxes, Indonesia has seen substantial market growth, with crypto users projected to reach 28.52 million by 2024, highlighting a unique approach to balancing oversight and innovation.
Warren Buffett has issued a stark warning about the future of the U.S. dollar, citing alarming fiscal policies that could erode its value. At Berkshire Hathaway’s annual meeting, he expressed concerns over government actions that seem designed to weaken the currency, prompting a strategic shift towards the Japanese yen. As Berkshire sells off stocks and amasses a record cash pile, Buffett's loss of confidence in the dollar underscores a growing unease about macroeconomic stability.
Thousands of investors gathered in Omaha for Berkshire Hathaway's 60th annual meeting, amid economic uncertainty and tariff concerns. Despite a shrinking U.S. economy, Berkshire's shares rose 18.9% in 2025, outperforming the S&P 500. With record cash holdings of $334.2 billion, Warren Buffett's insights on tariffs and the company's future leadership are highly anticipated.
Warren Buffett has recently invested in five Japanese conglomerates—Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo—capitalizing on their low valuations amid a recovering US stock market. Despite the S&P 500's rebound, concerns about tariffs and potential economic impacts suggest that international stocks may currently offer better value. Investors should consider the risks associated with foreign investments, including currency fluctuations and regulatory differences.
Barclays has downgraded LVMH to "equal weight" from "overweight," reducing its price target to €550 due to a challenging U.S. economic outlook and margin pressures. The brokerage anticipates a 3% revenue decline in LVMH's Fashion & Leather Goods division and a 15% drop in group-wide EBIT, citing weakening luxury demand and rising tariffs. Despite a significant share price drop, LVMH's valuation remains in line with its five-year average, though past downturns suggest potential further declines.
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