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World Stock Markets Trading Discussion - Agitated assemblage


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w?s=%5EAORD

 

All Ords reined in the enthusiasm, closing -0.1%.  Utilities +1.1% and Consumer Staples +0.9% had the biggest gain with Miners/Materials at the bottom end, -1.1%.

A similar story in Asia: Honkers -0.1%, India -0.3%, Nikkers -1.7% and Singers -0.3%.

 

 

On to UK/Europe:

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image;size=239x110


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ECRI still has the "Recession underway" video from late November as the headline on their site:

http://www.businesscycle.com/

 

Scroll down a bit, and you find their latest public data:

 

 

 

The Economic Cycle Research Institute, a New York-based  independent forecasting group, said its Weekly Leading Index rose to 130.2 in the week ended Feb 1 from 129.6 the previous  week. That was originally reported as 129.7.

The index's annualized growth rate climbed to 8.9 percent from 8.2 percent a week earlier. It was the highest level since May 2010.

 

 

:lol:

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Having Turkey as the 2nd biggest gold buyer was a bit weird.

 

Here's why they have demand for all that gold:

http://www.reuters.com/article/2013/02/15/us-iran-turkey-sanctions-idUSBRE91E0IN20130215

 

 

 

 

Turkey, Iran's biggest natural gas customer, has been paying Iran for its imports with Turkish lira, because sanctions prevent it from paying in dollars or euros.

Iranians then use those lira, held in Halkbank accounts, to buy gold in Turkey, and couriers carry bullion worth millions of dollars in hand luggage to Dubai, where it can be sold for foreign currency or shipped to Iran.

Halkbank had also been processing a portion of India's payments for Iranian oil.

 

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