Jacques Richier

#Chairman #President @allianzfrance @urw_group #realestate #TeamAllianz #insurance #innovation #insurtech #globalrisks #sustainability #RSE #Nice #Europe

[Nissa Rugby @nissarugby]

𝐃𝐢𝐫𝐞𝐜𝐭𝐢𝐨𝐧 𝐥𝐚 𝐏𝐫𝐨 𝐃𝟐 !!!!!

Nos Niçois s’imposent sur la pelouse du stade Marcel Volot (31-26) et 𝐝𝐞́𝐜𝐫𝐨𝐜𝐡𝐞𝐧𝐭 𝐥𝐞𝐮𝐫 𝐚𝐜𝐜𝐞𝐬𝐬𝐢𝐨𝐧 𝐞𝐧 𝐏𝐫𝐨 𝐃𝟐 ! 🔥🏉

𝐏𝐞𝐫 𝐥𝐚 𝐠𝐥𝐨𝐫𝐢𝐚 𝐝𝐞 𝐍𝐢𝐬𝐬𝐚𝐚𝐚𝐚𝐚𝐚𝐚𝐚𝐚 ! 🦅

#IssaNissa #NissaRugby

[Jacques Richier @jacquesrichier]

@royaltiz_off @base @Richard_Mille New major step for Royaltiz @base from coinbase!👍

[royaltiz_official @royaltiz_off]

🚨 Richard Mille x royaltiz x @base by Coinbase 🚨

The most legendary watchmaker @Richard_Mille just dropped a message for the royaltiz & Base fam.

🔵And guess what? This is just the beginning. Global icons are joining royaltiz & Base!

❌The next market isn’t for stocks or coins
✅ It’s for people and culture

#OnBase #Base #Buildonbase #Basecommunity #BaseCulture #richardmille

[Team Nice Côte d'Azur - Invest in Côte d'Azur @InvestCotedAzur]

📣 Newsletter
🏙️ @MetropoleNCA : @cestrosi et @jacquesrichier ont accueilli 25 entreprises nouvellement implantées
🌊 Webinar d'information Nice Ocean Business Forum.
🧬 60 acteurs santé pour renforcer l'attractivité du territoire.
➕ https://t.co/E0GJa19dM7
#InvestinCotedAzur

[Mohamed A. El-Erian @elerianm]

Per Bloomberg:
"The US government’s budget deficit hit its highest since the Covid pandemic years in 2024, propelled by increased debt interest costs and higher Social Security and defense spending — which more than offset a boost in tax revenues.
The shortfall for the fiscal year, which ended Sept. 30, came to $1.83 trillion, up from $1.7 trillion the previous year and the largest on record aside from the 2020 and 2021 fiscal years, US Treasury data released Friday showed."
#economy #markets #econtwitter

[Nissa Rugby @nissarugby]

Victoire à Aurillac (16-25)🔥

Nos Niçois s’envolent en deuxième mi-temps 🦅, et s’imposent sur la pelouse du stade Jean Alric 🏟️

Rendez-vous le 25 octobre au stade Marcel Volot pour la rencontre face à Valence Romans !

#IssaNissa #NissaRugby

[Ludovic Subran @ludovic_subran]

Le taux d’emploi, le taux d’emploi, le taux d’emploi

[Jacques Richier @jacquesrichier]

Bravo @stadenicois pour cette victoire !
La #proD2 enfin!#rugby @VilledeNice

[Nissa Rugby @nissarugby]

C’est le jour J 💥
Nos joueurs se sont préparés intensément pour ce moment. Rendez-vous dans quelques heures au Chambéry Savoie Stadium pour ne faire qu’un derrière le Stade Niçois.

#IssaNissa #NissaEnFinala

[Mohamed A. El-Erian @elerianm]

The hope that some have that this US GDP data (below) would take some pressure off US government bond yields (and others) will be totally dashed unfortunately by another hot inflation print:
Core PCE inflation came in at 3.7% for the first quarter, well above both the prior three months and the consensus forecast.
This combination — weaker growth and higher inflation — is problematic for the economy and markets, with political and social spillovers.
#economy #inflation #EconTwitter

[Mohamed A. El-Erian @elerianm]

Iran-Israel tensions and Markets:
This morning’s combination of lower oil prices, higher yields and stronger stocks is a reflection of both what did not happen (no major casualties and damage this weekend) and a market view that further escalation in Iran-Israel tensions is unlikely.
Meanwhile, the narrative among political scientists and national security experts is about a “new Middle East” where “lines have been crossed” and the future there is more unpredictable.
#markets #economy

[Mohamed A. El-Erian @elerianm]

This worrisome chart from the @FT is part of a global phenomenon in which #debt continues to escalate.
It is even more concerning for countries other than the US, which do not enjoy the relative financial benefits of being the world's reserve currency and a financial hub to which many others outsource the management of their savings.
#economy #debt #markets #econtwitter

[Mohamed A. El-Erian @elerianm]

US government bond yields, including that on the 10-year (below), jumped today in reaction to yet another (slightly) hotter-than-expected #inflation print (this time PPI).
Underlying this is spreading awareness of how relatively sticky inflation complicates the last mile to the #Fed’s 2% inflation target.
#economy #econtwitter

[Mohamed A. El-Erian @elerianm]

This (below) comes from someone who is genuine, humble, and cares deeply about analytical accuracy.
It comes at a time when others are saying that #inflation was transitory after all, it just took longer.
Analytically, the transitory concept has an important behavioral component as it essentially signals the need for a "look through" rather than adaptations.
The last three years of high inflation have encouraged/forced adjustments by households, companies, and governments. They have eroded purchasing power and hit the most vulnerable segments of our society particularly hard.
https://t.co/rbN1YcxNxp
#economy #econtwitter

[Mohamed A. El-Erian @elerianm]

As expected, the @ECB kept its interest rates unchanged.
The market mover is elsewhere in that it notably revised down its 2024 inflation forecast (see chart below) on the back of more favorable non-services inflation. Market yields are lower as a result.
Growth was also revised lower, slightly.
#economy #markets #econtwitter

[Jacques Richier @jacquesrichier]

Et oui…

[Mohamed A. El-Erian @elerianm]

Fed Chair Powell is facing some quite aggressive Congressional questioning on the impact of high rates on low-income households, housing, capital requirements, and more.
His response is, understandably, to repeatedly refer back to the #inflation mandate.
The situation would have been less uncomfortable for the #Fed had it not mischaracterized the inflation problem for so long in 2021, been so late in its policy response and, therefore, had to hike rates aggressively and to a higher level than would have been otherwise necessary.
#FederalReserve #economy #markets

[Charles Rodwell @charlesrodwell_]

Nice Côte d’Azur, métropole mondiale pour l’attractivité de la France.

🇫🇷 La France Sait Faire ! #43 : Nice avec Philippe Pradal et @cestrosi

[Jacques Richier @jacquesrichier]

Waouh! 👏👏👏👏

[Nissa Rugby @nissarugby]

🔥 🔥 🔥 VICTOIRE NIÇOISE 🔥 🔥 🔥

Le Stade Niçois s’impose dans le choc de haut de tableau 30 à 16 face à Narbonne et prend la place de leader 🔴⚫️

#SNvsRCN #Nationale #IssaNissa #NissaRugby #AquìEsNissa

[Legapass 🛡 VigiNot @legapass]

Nous avons récemment décroché la certification Etik, un label prestigieux décerné par le Conseil Supérieur des Notaires (CSN). 🏆✨

💡N’hésitez pas à en apprendre davantage sur notre certification Etik et son impact en consultant notre article de blog : https://t.co/nCLJCmvYr0

[Nissa Rugby @nissarugby]

VICTOIRE BONIFIÉE POUR DÉBUTER 2024 🔥🔥🔥

Le Stade Niçois débute parfaitement la nouvelle année en s'imposant 31 à 9 face à Vienne. Un succès bonifié pour nos Azuréens qui ont inscrit 5 essais durant la rencontre 🔴⚫️

#SNvsCSV #Nationale #IssaNissa #NissaRugby #AquìEsNissa