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Wolf Money(world market review 6-12 July 2026)

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  (Merdeka 118 in Kuala Lumpur, the second tallest building in world) Market Summary 6-12 Jul 2026 *USA* + US Composite Output Index reached 51.9 in Jun, rising from 51.5 recorded in May: S&P Global  + US Services PMI eased to 54.0 in Jun vs 54.5 in May, remain in expansion territory for 24 consecutive mth: ISM  -US consumer borrowing declined for the 1st time since 2024, total credit outstanding down by about US$182m in May + US initial jobless claims fell by 2000 to 215,000 to 6-week low  + US wholesales inventories rose 0.1% MoM to US$914.8bn in May, 3rd consecutive mth of slower inventory growth  -US trade deficit in goods and services increase US$23bn MoM or 42.4% to US$77.6bn in May  + Fed’s Chairman Warsh tapped broad group of Fed outsiders to oversee 5 task forces to review central bank’s operations  + US sells US$39bn in 10-year notes at 4.58% yield and bid-to-cover ratio of 2.59  + US sells US$57.8bn in 3-year notes at 4.179%, bid-to...
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Wolf Money(OUE REIT)cash management

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  (Image credit: OUE REIT) The below article is for educational purpose only. Kindly refrain from taking any action. It shouldn’t constitute as an investment advice. Please read the disclaimer . LWF has taken a position in OUE REIT. The recent divestment activity saw interest in the stock. I am taking a position for cash management purposes. The REIT has announced the divestment of the Crowne Plaza Hotel at Changi Airport to an interested party of OUE JV for $500m subject to approval by REIT holders in the upcoming EGM. There is also news about OUE REIT and UOB looking to sell One Raffles Place for $2.4b. If OUE REIT is able to get an offer close to the asking price. Based on my calculations, the REIT owns 67.95% of One Raffles, which comes out to around $1.63b for their shares. If they can sell it at asking, subtract the loan of $254m. Net proceeds of $1.376b from the sale is close to 25c per OUE REIT shares. Again hypothetically, using the asking price of $2.4b, the profit from t...
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Wolf Money/Bargain(Osaka and Kyoto)part2

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(The icon of Osaka) (Kyoto Tower;The Japanese and their love affair with radio towers) The prices in general have climbed significantly in Japan. Where are the bargains then? Read on Attraction  Nara Park One of my top picks is Nara Park. Nara is one hour train ride away from Osaka. If anyone is looking for the great outdoor experience, the park is an excellent choice. Visitor can buy a deck of peanut cookies at ¥200 to feed the deer. Once the deer see you holding onto the biscuit, you can be sure a herd will be forming around you to grab a bite. The biscuit will be gone in a minute. The deer, like the Japanese, are well-mannered. They will bow to the visitors to get a biscuit. Remember to be constantly on the move before one gets sworn by many deer. The deer are cute, but they can get aggressive. No ticket is required for this attraction. One could spend a full morning looking at those fascinating animal.  (Deer feeding on peanut biscuits) Street of Uji Uji is just 20 mins fr...
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