US-Israeli Strikes Killed More Than 3,000 Iranians

Europe's Utility Sector Is 'On The Brink Of A New Regime' Authored by Gregor Morris via BondVigilantes.com, Europe’s utilities sector is on the brink of a generational shift. After more than a decade of subdued demand, the system is being forced to modernize, rebuild and expand. Electrification, datacentres, renewable integration and ageing infrastructure are converging into what can only be described as unprecedented capital expenditure programmes across the sector.  Simplistically, the bullish narrative is a convergence of rising electricity demand, visible investment pipelines, increase in regulated investments and improving returns. However, the same forces...

North Korea test-fired several short-range ballistic missiles as the US and South Korea are engaging in war games.  The South Korean military reported the North Korean missile test on Thursday. The missile launch occurred after President Trump requested a meeting with Supreme Leader Kim.  When asked by a reporter if he planned to meet with […]

US Industrial Production Surged In April Despite record low consumer sentiment (if you believe UMich), this morning saw the Empire Fed survey show New York state factory activity expanded in May at the fastest pace in four years, and firms grew more optimistic about the outlook. That was followed by a much hotter than expected Industrial Production print (up 0.7% MoM vs +0.3% MoM exp and higher than the highest estimate) for April (and March's decline revised stronger), lifting annual growth up to +1.35% YoY... Source: Bloomberg April's gain for US industrial production was...