[5 books this morning] Selected news to read before starting work

Russian President Vladimir Putin visited North Korea on 18-19, followed by Vietnam on 19-20I will visit. Putin's visit to North Korea began in 2000. According to Russian state-run Tass News Agency, President Ushakov's aide (in charge of diplomacy) explained to reporters that Russia and North Korea are expected to sign an agreement on a strategic partnership including security and economic cooperation in place of an existing agreement dating back to 1961 during Mr. Putin's visit to North Korea.

What is President Harker of the US Philadelphia Federal Reserve Bank based on his own predictions at the momentInterest rate cut once per yearIt was stated that it was appropriate, and the view was expressed that there is a high possibility that high interest rates will continue for a long time. Regarding the fact that growth slowed in the May US Consumer Price Index (CPI) statistics, it was pointed out as “something that should be very welcome.” On top of that, he added that he would like to confirm further economic data in order to gain confidence that the inflation rate is moving towards 2% of the authorities' target.

Based on the risks caused by the French coup, Citigroup strategists such as Beata MuncieEuropean Stock Investment DecisionsIt was lowered from “overweight” to “neutral.” The reason is “heightened political risk” and the possibility of a further rebound. Meanwhile, US stocks, which are more growth-oriented, were preferred, and revised upward from “neutral” to “overweight.”

The performance of Western Asset Management's flagship bond fund “Core Plus” this year and the past 3 years has fallen below 97% of same-industry funds, especiallyOperation results are sluggishThis is one of the funds I have. According to Morningstar Direct, Core Plus had a net outflow of funds for 30 consecutive months until May. Assets under management were 19.4 billion dollars, a 54% decrease from the most recent peak in August 21. There is no other major US bond fund with active management that has fallen this far.

Starboard Value, an activist (speaking investor), has acquired shares equivalent to approximately 500 million dollars (about 79 billion yen) of the software company Autodesk,Changes in the Board of DirectorsThe required policy has been clarified. This is because there are concerns about performance and response to accounting investigations. Starboard explained that they met with Autodesk's management team and requested that they resume accepting election proposals for director candidates. According to Starboard, Autodesk declined the request.