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DI 25 november 2025, 13:59 https://www.di.se/live/borsen-lyfter-plotsligt-ukraina-uppges-acceptera-fredsavtal/ Ukraina har accepterat ett principiellt fredsavtal, uppger en källa för CBS News. En rad detaljer återstår att förhandla fram, enligt uppgifterna som inte är officiellt bekräftade. Samtidigt möter ett amerikanskt sändebud Ryssland i Abu Dhabi på tisdagen. https://www.svd.se/a/pBg4lR/kalla-ukraina-sager-ja-till-omarbetad-fredsplan Rustem Umerov, the head of Ukraine's security council, said on Tuesday the US and Ukraine had reached "a common understanding on the key terms of the agreement discussed" at previous talks in Geneva. Ukraine's security chief says he is hoping to arrange for President Volodymyr Zelensky to visit the US "at the earliest suitable date" this month, as diplomatic attempts to end the war continue. BBC 25 November 2025 https://www.bbc.com/news/articles/cy95jvw57v2o Ukraine peace talks gain momentum as US and Russian officials meet...

A dispute that began at Deutsche Bank as far back as 2013 is still rumbling on. And now, according to reporting by the Financial Times, the European Central Bank is investigating allegations that Germany’s largest lender, Deutsche Bank, repeatedly misrepresented the strength of its balance sheet and distorted its financial soundness to regulators. Deutsche Bank rebutted the allegations in a statement, maintaining it applies “netting in accordance with the relevant accounting standards and generally aligned with common industry practice.” Deutsche Bank can be considered as having a generally robust balance sheet with a Common Equity Tier 1 ratio, the standard metric for capital strength, of 14.5%, way in excess of the minimum requirement. At the heart of this controversy is Deutsche Bank’s role in an accounting scandal involving the Italian Banca Monte dei Paschi MarketWatch 25 November 2025 https://www.marketwatch.com/story/the-case-that-wont-go-away-ecb-reportedly-investigates-allegat...

Cisco was not an accounting fraud, but it was briefly the world’s most valuable company during the dot-com bubble, a crown Nvidia wears today.  Now Cisco, which like Nvidia provided the backbone of a new technology, still exists but as the 28th largest company in the S&P 500. Steve Goldstein MarketWatch Nov. 25, 2025 https://www.marketwatch.com/story/nvidia-says-its-not-enron-michael-burry-makes-a-different-dot-com-parallel-65df9e9b Michael Burry blev rik och sedan världsberömd i filmen The Big Short https://englundmacro.blogspot.com/2025/11/michael-burry-blev-rik-och-sedan.html Chipen som alla snart pratar om: TPU – Tensor Processing Unit Det är en ASIC – en applikationsspecifik integrerad krets – utvecklad av Google för användning i så kallade neurala nätverk, AI-modeller. Du behöver inte ha Nvidias senaste Blackwell-chip för det”, berättar Herman Ohlsson. Vid träning av en AI-modell kan det krävas tusentals GPU:er, grafikprocessorer, det slags chip som Blackwell är. Dessutom...

som säkerhet för ett stort lån till Ukraina, vilket stött på patrull på grund av juridiska risker.  Utan nya EU-medel väntas Ukraina få slut på pengarna redan i vår. Nu vill även USA använda dessa pengar för återuppbyggnadsprojekt i Ukraina, och att vinsterna ska tillfalla amerikanska byggbolag.  De juridiska riskerna måste ställas mot vad det skulle innebära om Ryssland tillåts vinna det här kriget, eller om det blir en dålig fred.  Det vore tjänstefel att inte använda EU:s trumfkort för att förhindra det. DI Ledare:Frida Wallnor 25 november 2025 https://www.di.se/ledare/sa-har-ska-europa-hjalpa-ukraina/ – Jag uppfattar det som att man utifrån folkrättens principer kan göra det, säger Love Rönnelid, lektor i folkrätt. https://englundmacro.blogspot.com/2025/11/det-som-gor-situationen-sarskilt-svar.html

Skånes ekonomi har i två decennier halkat efter Stockholm och Göteborg med högre arbetslöshet och svagare tillväxt.  24 november 2025 https://www.di.se/nyheter/skane-forlorar-mot-stockholm-och-goteborg/ Turning Torso – Wikipedia  

 I en vacker, intim ceremoni sa kärleksparet ja till varandra i Sälens fjällkyrka.  – Vi är lyckliga, säger Micael Bydén till Expressen. Micael Bydén och Linda Staaf gifter sig

Shares of Nvidia slumped as much as 2.7% in after-hours trading.  Google’s owner Alphabet Inc. gained 2.7%, adding to a recent surge on optimism over the  latest version of its Gemini AI model. Google previously sealed a deal to supply up to 1 million of its chips to Anthropic PBC, drawing attention to the potential for long-term challenges to Nvidia’s dominant market position. Bloomberg November 25, 2025 https://www.bloomberg.com/news/articles/2025-11-25/alphabet-gains-on-report-that-meta-will-use-its-ai-chips Alphabet is up 35% since mid-October, adding nearly $1 trillion in value over that time.  Gains this year have left the Google parent about $590 billion away from Nvidia’s $4.4 trillion market cap, as of Monday’s close. https://www.bloomberg.com/news/articles/2025-11-25/alphabet-s-rally-threatens-world-s-most-valuable-stock-standings

The Nasdaq 100 opened this week with its best daily performance since May, rallying by 2.6% as risk assets enjoyed a general rebound.  But this appeared to owe more to changing interest rate expectations than any news from the big tech groups. The 'Greenspan Put' Beats a Correction, Once Again There’s great excitement about AI, as there should be. But this market continues to roll forward on the belief that inflation is slain and that the Fed will have its back if stocks begin to fall.  These beliefs aren’t unreasonable, but an awful lot of money is now being stacked on them. John Authers Bloomberg November 25, 2025 https://www.bloomberg.com/opinion/newsletters/2025-11-25/fed-cut-the-greenspan-put-beats-a-correction-once-again   Is The Fed propping up the stock market? https://englundmacro.blogspot.com/2024/05/is-fed-propping-up-stock-market.html

en ökning med 342 miljarder jämfört med föregående kvartal.  25 november 2025 https://www.di.se/live/svenskarnas-fondformogenhet-pa-ny-rekordniva-1/ Fondbolagens vinster närmare 11 miljarder kronor https://englundmacro.blogspot.com/2025/09/fondbolagens-vinster-narmare-11.html