The Saudis will keep the prospect of normalisation on the table: it’s a useful carrot to dangle in front of American lawmakers. But they’re serious when they say Israel will have to pay a price for recognition https://t.co/wC0l1FefGS ...

The war is over. Okay. Do you understand that.Mr. . President, is the ceasefire going to hold. Are you confident the ceasefire will hold.Say it. Are you confident that the ceasefire is going to hold. I think so. I think it's going to hold.Uh, I think people are a lot of reasons why it's going to hold, but I think people are tired of it. It's been it's been centuries. Okay.Not just recent, it's been centuries. I think people are tired of it. Yeah.The ceasefire is going to hold and it holds. What will Gaza lo ...

Industry Performance & Trends - The Invesco Leisure and Entertainment ETF has outperformed the broader market over the last three months [1] - Cruise industry booking volumes have normalized, growing at a low to mid single-digit percentage year-over-year, compared to roughly 20% growth entering the year [5] - Consumer confidence is down, contributing to booking trends more similar to pre-COVID levels [8] - Softening is being observed in different parts of the travel trade after several years of strong results [9] Company Specific Analysis (Royal Caribbean) - Royal Caribbean stock has had a great run, outperforming in the past two years, including an 83% increase in the last three months [1][3] - Truth Securities is downgrading Royal Caribbean to "hold" due to normalization in the cruise industry and high valuations [2][5] Investment Opportunities - Norwegian Cruise Lines is considered a catch-up name and an underperformer within the cruise sector [10][11] - Hyatt Hotels is mentioned as a hotel chain that hasn't performed as well as Hilton, suggesting potential relative value [10][11] Underlying Travel Trends - Research indicates underlying travel trends have been mediocre and lethargic [10]

Bank of Japan Policy - The Bank of Japan is considering slowing the pace of tapering its bond purchases from next fiscal year due to heightened volatility in the Japanese government bond market [1] - The decision is expected to be made next week when the board reviews their current tapering plan and maps out 2026 [1] - At the last meeting, bond market participants requested the Bank of Japan to cut its quarterly taper size to approximately 200 billion yen, half the size of the current reduction [2] - The Bank of Japan initiated tapering its bond buying last year to wean the economy off massive stimulus and revitalize the dormant market [2] - Having ditched a bond yield control policy last year, the Bank of Japan is not inclined to ramp up bond buying despite recent rises in super long bond yields [3] Market Concerns - Longer-term yields have spiked to record highs, reflecting investors' concerns over Japan's worsening public finances [1] - Medium and shorter maturity bonds, as well as bank lending rates, have remained stable [3]