Hi friend 👋🏼

From rare whisky and luxury watches to Bitcoin’s surge and Eurozone growth surprises, this week reveals a mix of noteworthy insights and shifting market dynamics. We explore China's tariffs struggles, high-value collectibles catching global attention, and Bitcoin’s climb following the Trump election.. 

The Weekly Fun Fact 🤔

A rare collection of Japanese whiskies is making eyes pop, as Bonhams prepares to auction the full set of Ichiro’s Malt Full "Card" Series. This collection is one of the few complete sets worldwide — 54 bottles from the legendary Hanyu distillery, each representing a playing card. While the collection previously set a world record at $1.5 million, it’s now expected to go to $1.3 million in the upcoming Paris auction. 

The sale highlights Japanese whisky's rising popularity throughout the world and its value as a high-end collector drink.

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🔴 China’s struggles amid rising global trade barriers 📉

China's economic resiliency is under increased pressure as international trade obstacles continue to rise. Protectionist measures have gained popularity since Trump's initial tariffs in 2018, signaling a shift toward more self-sufficient economies across the globe. The EU has imposed tariffs on Chinese electric vehicles, and Latin America has followed suit with tariffs on Chinese steel.

With Trump back in power, another round of U.S. tariffs could place additional strain on China’s economy. Although exports to Russia and Central Asia have increased, U.S. regulatory constraints are increasingly affecting sectors like semiconductors and pharmaceuticals. As Xi’s team unveils a new economic plan, questions remain about whether fiscal stimulus alone can sustain domestic growth.

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🟡 Eurozone’s best quarter in two years 📈

The eurozone economy saw an unexpected upturn that doubled forecasts from analysts  — a surprising upswing in Q3 2024, with GDP growing at a 0.4% quarter-on-quarter rate, doubling economists’ predictions. Germany’s resilience, marked by a 0.2% growth, and France’s robust 0.4% rise, were major contributors, supported by increased household and government spending. 

While the euro strengthened, European stocks were impacted by worries about the world market and the impending U.S. elections. This growth was the strongest the eurozone has seen since 2022. Investors are now eyeing inflation data, which may impact upcoming ECB decisions.

🟢 Bitcoin price is on the rise 🚀

The S&P 500 recorded its best post-election performance in history with investors eyeing lower capital costs and deregulation under the new administration. This optimism extended to the Russell 2000, up nearly 6%, and a bullish outlook for the energy sector, as the US ramps up oil exports and production. 

The potential for a bitcoin strategic reserve announced by Trump is fueling FOMO among nations considering their own Bitcoin reserves. Meanwhile, the “degenerate economy” index — a mix of digital wallets, speculative investments, and experiences — is up 90% in 18 months, suggesting inflation concerns may drive assets like Bitcoin even higher.

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Interesting reads

Rare Breguet’s finest timepieces on sale ⌚
Breguet is one of history's most famous watchmakers, but these timepieces are still discounted in comparison to their counterparts. 

Mercedes and Lamborghinis auctioned for $30 Million 🚗
Rudi Klein’s hidden car collection, once estimated at $17 million, soared to nearly $30 million at auction, highlighting the lasting allure of rare vintage automobiles.

Trump boosts Bitcoin’s momentum 💸
Trump’s recent election sparked a Bitcoin rally, with talk of a “bitcoin strategic reserve” stirring up the crypto world.

20 unique shaped watches hit the auction this fall ⏱
Unconventional designs from Cartier to Patek Philippe make a statement this auction season. 

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🎬 It’s a wrap on the week. From rare whisky and luxury watches to Bitcoin’s surge and Eurozone growth surprises — this week brought a mix of fascinating insights and market dynamics.

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