aussiebear Posted November 30, 2011 Report Posted November 30, 2011 Early openers wobbling: Kiwis +0.3%, Aussies +0.2%, Nikkers -0.9% and Sth Korea +0.1%. The Aussie market quiet as the grave with sectors sludgy. Energy +0.6% is leading the greens ranging down to Gold and Miners, both -0.4%.
aussiebear Posted November 30, 2011 Author Report Posted November 30, 2011 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted November 30, 2011 Author Report Posted November 30, 2011 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/
aussiebear Posted November 30, 2011 Author Report Posted November 30, 2011 http://www.engrish.com/2001/10/batard/
Thales Posted November 30, 2011 Report Posted November 30, 2011 I'll go ahead and post this, but I assume that this channel will be broken by the morning.... One way or another. Anywho:
Lugnut Posted November 30, 2011 Report Posted November 30, 2011 Bloomberg: Chinese Exports to Europe "Falling Off a Cliff" http://www.bloomberg.com/news/2011-11-29/china-s-exports-to-europe-falling-off-cliff-chart-of-the-day.html
aussiebear Posted November 30, 2011 Author Report Posted November 30, 2011 Another wandering day. All Ords closed +0.4% with REITS +1.3% doing another run and Gold -0.5% at the tail end. Asia looking more bearish: China -2.6%, Honkers -1.9%, India -0.7% and Nikkers -0.9%. On to UK/Europe:
Jetlag Posted November 30, 2011 Report Posted November 30, 2011 Bloomberg: Chinese Exports to Europe "Falling Off a Cliff" http://www.bloomberg.com/news/2011-11-29/china-s-exports-to-europe-falling-off-cliff-chart-of-the-day.html It's cheaper to send a 40' container all the way in from China to Germany than from Italy or Greece. In related news: unexpected ginourmous jump of 0.7% in German retail sales. "Sales, adjusted for inflation and seasonal swings, increased 0.7 percent from September, when they advanced 0.3 percent, the Federal Statistics Office in Wiesbaden said today. That’s the biggest increase since June. Economists forecast a gain of 0.1 percent, the median of 19 estimates in a Bloomberg News survey showed. Sales dropped 0.4 percent from a year ago. " http://www.bloomberg.com/news/2011-11-30/germany-s-retail-sales-increased-more-than-economists-forecast-in-october.html Big export countries like China and Germany have to boost internal consumer spending to alleviate global unbalances.
rdkyote Posted November 30, 2011 Report Posted November 30, 2011 rdkyote- Many tanks for your donation in support of the Stool community! Much appreciated! 'welcome!
Jetlag Posted November 30, 2011 Report Posted November 30, 2011 They be trying to lower short-term market rates (Euribor-OIS spread, somewhat similar to USD's TED spread). "Owners of long-term unsecured debt in a collapsing bank would be first in line to take losses under draft plans from the European Union to protect taxpayers’ money from future bailouts. Short-term debt, with a less than one-year maturity, and derivatives should only be written down by regulators as a last resort if losses from longer-term debt aren’t “sufficient to restore the capital of the institution and enable it to operate as a going concern,” according to a draft European Commission proposal obtained by Bloomberg News. “They are terrified of inadvertently killing off the interbank market,” Simon Gleeson, a financial services lawyer at Clifford Chance LLP in London, said in a telephone conversation. “This is a desperate attempt” to preserve it. " A smart bankster would only use and roll short-term financing, so they put up this rule: "Banks will have to hold minimum amounts of longer-term funding to prevent them from exploiting the commission’s plan to shield short-term debt from writedowns. " These politicos type excel at procrastination: "The commission may further delay publication of the measures until the start of next year to avoid them being unveiled at a time when they could add to volatility on financial markets, an EU official said earlier this month. " http://www.bloomberg.com/news/2011-11-29/failing-banks-short-term-creditors-may-be-shielded-from-losses-in-eu-plan.html I have a bad feeling about all this economic central planning. Here's Ambrose's view with his usual one-sided alarmistic tone: http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8918784/Should-the-Fed-save-Europe-from-disaster.html His solution? Take Helo Ben on a splurgy euro trip: "The Fed could buy €2 trillion of EMU debt or more, intervening with crushing power. The credible threat of such action by the world’s paramount monetary force might alone bring Italian and Spanish yields back down below 5pc, before one bent nickel is even spent. "
I_Am_Madness Posted November 30, 2011 Report Posted November 30, 2011 Dong ES at 1189.25. Stop below 1183. Looking for a retest of the 1202-1206 area overnight. Trade Safe. Out at 1205.25 for +16. Now that wasn't so hard was it???
I_Am_Madness Posted November 30, 2011 Report Posted November 30, 2011 Why buy at 1189? Why have stop at below 1183? Why exit at 1205.25? Please see chart. Yes, it's really this easy sometime..
Recommended Posts
Archived
This topic is now archived and is closed to further replies.