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World Stock Markets Trading Discussion - Wishful wriggling


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w?s=%5EAORD

 

Another rise for All Ords with the index finishing +1.2%.  In the sectors, Utilities +2.9%, Healthcare +2.8% and IT +2.4% with Gold -0.4% bringing up the rear.

Asia showing more confidence: China +5.3%, Hong Kong +3.7%, India +2% and Nikkei +1.1%.

 

 

On to UK/Europe:

 

 

t?s=%5EFTSE&lang=en-AU&region=AU&width=3

 

t?s=%5EGDAXI&lang=en-AU&region=AU&width=

 

t?s=%5EFCHI&lang=en-AU&region=AU&width=3

 

https://au.finance.yahoo.com/

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A must read article in my view. Fits nicely to that what Doc said many times, that one has to observe policy actions by the PBoC very carefully.  

 

 

Deutsche Bank: It's Chinese 'Quantitative Tightening' That's Been Slamming Markets Around the World

http://www.bloomberg.com/news/articles/2015-08-27/deutsche-bank-it-s-chinese-quantitative-tightening-that-s-been-slamming-markets-around-the-world

 

"Why have global markets reacted so violently to Chinese developments over the last two weeks? There is a strong case to be made that it is neither the sell-off in Chinese stocks nor weakness in the currency that matters the most. Instead, it is what is happening to China’s FX reserves and what this means for global liquidity."

 

"he sudden shift in currency policy has prompted a big shift in RMB expectations towards further weakness and correspondingly a huge rise in China capital outflows, estimated by some to be as much as 200bn USD this month alone. In response, the PBoC has been defending the renminbi, selling FX reserves and reducing its ownership of global fixed income assets. The PBoC’s actions are equivalent to an unwind of QE, or in other words Quantitative Tightening (QT).

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Tim Cook trying to buyback crapple back above broken support. I wonder how much of their war chest has been devoted to this, and how much ammo they've spent already.

 

post-2204-0-80777200-1440685776.png

 

It's always easier when you've got cult following and Cramer is your high priest reading the sacred e-mails to the sheep masses.

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I think DB is talking their book. There is no scarcity of fundamental reasons for the market to dive like it did. China/PBOC is just one more, probably the last straw on the camel's back...

 

Follow the money!

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