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World Stock Markets Trading Discussion - Hazardous hammock


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w?s=%5EAORD

 

All Ords moved up smartly in the arvo to close +0.8%.  Sectors greened up considerably with Utilities +1.5% in the lead followed by Healthcare +1.3% and Gold/Telecomms +1.2%.

Not too much excitement in Asia: China and Honkers +0.1%, India -0.7% and Nikkers -0.5%.

 

 

On to UK/Europe

 

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Nothing like raising taxes on the eve of a downturn

 

 

The Bottom Line:  There will be a 6% increase in costs to shippers importing from and exporting to China on August 1, 2013.

As one of the major ocean shipping lines, MSC, noted in a recent press release: “In compliance with the… policy, an additional 6% Value-Added Tax (VAT) will be levied by MSC on top of all charges payable at China starting from 1 August 2013, based on the issuance date of the VAT invoice.”

 

http://blog.airandsurface.com/tag/tax-circular-caishui-no-37/

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More Manipulation to save turlet paper.

 

"(Reuters) - India, the world's biggest buyer of gold, doubled margins on trading

in gold futures effective Monday in a bid to tackle volatility after local prices of the

metal rose by nearly a fifth this month to hit a record high."

 

http://in.reuters.com/article/2013/08/30/india-gold-idINDEE97T05P20130830

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