Jump to content

Malleable mesmerism


Recommended Posts

  • Replies 89
  • Created
  • Last Reply

w?s=%5EAORD

 

 

Pretty much a sideways move for the day with All Ords finishing +0.5%. IT +1.6% led the way followed by Miners +1.4%, Materials +1.2% and Gold +1.1%. Consumer Staples had the largest drop, -1%.

 

Over in Asia, China +2.4%, Honkers +1.2%, India +0.4% and Nikkers closed for a holiday.

 

 

On to UK/Europe:

 

 

image;size=239x110

 

 

 

image;size=239x110

 

 

 

image;size=239x110

Link to comment
Share on other sites

China Currency Reserves May Hit $2.5 Trillion, Stoking Tensions

 

China’s foreign-exchange reserves, the world’s largest, may have climbed to a record $2.5 trillion, adding fuel to complaints that the nation’s currency intervention is undermining the global economic recovery.

 

Currency holdings rose about $48 billion in the third quarter, according to the median estimate in a Bloomberg News survey of eight economists. That would compare with a $7 billion gain in the previous three months, the smallest increase in 11 years. The central bank may release the number this week.

 

China’s currency reserves topped $2 trillion in the first half of last year.

 

$2T+ ... is that a lot? :o

Link to comment
Share on other sites

Finance Chiefs Fail to Resolve Currency Spat as G-20 Splits

 

Leaders of the world economy failed to narrow differences over currencies as they turned to the International Monetary Fund to calm frictions that are already sparking protectionism.

 

Exchange rates dominated the IMF’s annual meeting in Washington on concern that officials are relying on cheaper currencies to aid growth, risking retaliatory devaluations and trade barriers. China was accused of undervaluing the yuan, while low interest rates in the U.S. and other rich nations were blamed for flooding emerging markets with capital.

 

Finance ministers and central bankers pledged to improve cooperation, yet did little to show how they would alter their ways beyond agreeing to let the IMF study the matter.

Link to comment
Share on other sites

Germany Opposes Extending Greece's Bailout Repayment Schedule

 

The International Monetary Fund is prepared to give Greece more time to repay its loan to the institution if European nations, which provided the bulk of a joint 110 billion euro ($154 billion) package, decide to do so first, Managing Director Dominique Strauss-Kahn said.

 

“If the Europeans decide to do something, we certainly will do the same thing,” Strauss-Kahn said. “We can do this and it may be useful, but it’s only a small part.”

 

“Greece has borrowed a lot, therefore there are really problems how to service all this debt in the context of a shrinking gross domestic product and very slim growth prospects,” said Domenico Lombardi, a former IMF board member and a senior fellow at the Brookings Institution. Spreading the repayment schedule is about giving “more breathing room for the Greek treasury.”

Link to comment
Share on other sites

Stoopid headline already..Huge Johnson knows stuff...

 

Something tells me these clowns are too trusting...looks at the words... Hopes, belief, seems, view, wankers, douches, dopes, moran's

 

 

Wall Street to open higher on stimulus hopes

 

"It's dollar down, stocks up, and now the view that seems to be taking hold is that central banks throughout the world are going to continue to be accommodative, if not be more accommodative than they have been," said Hugh Johnson, chief investment officer of Hugh Johnson Advisors LLC in Albany, New York.

 

"The stimulus from central banks throughout the world gives everyone the belief the market is going to be headed higher."

Link to comment
Share on other sites

Good Morning!

 

Welcome to The Daily Stool! Thanks to aussiebear for opening the thread each day!

 

You can join the discussion by registering (PG rated user names only, please) and posting here as well.

 

Registration is easy. Just click the Register link above, enter your email address (which you have the option to keep confidential), and enter a user name. Due to a deluge of spam registrations, I review all registrations so it may take a few hours for your registration to be approved.

 

If you have questions about how to register and post, use the Help link in the menu bar at the top of the page.

 

If you know others who might be interested in joining us, use the email to a friend link above the thread.

 

Many tanks for joining us!

 

Doc

 

 

Try the Professional Edition risk free for thirty days. If, within that time you don't find the information helpful, I'll give you a full refund. It's that simple!Click here for more information.

 

Subscribe to the Wall Street Examiner Professional Edition Precious Metals Daily, just $49 quarterly. Try it risk free for 30 days!

 

Get this indispensable daily analysis and support the Stool!

 

rfwsad.gif

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Guest
This topic is now closed to further replies.
  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...