Aussie
US Futures Lose Overnight Gains; Dax Back Under 10,000 As Chinese Market Bailout Fizzles
Submitted by Tyler Durden on 01/08/2016 06:56 -0500- Aussie
- Bond
- China
- Circuit Breakers
- Consumer Credit
- Copper
- CPI
- Crude
- Crude Oil
- Equity Markets
- Fail
- fixed
- France
- Germany
- Initial Jobless Claims
- Iran
- Japan
- Jim Reid
- KIM
- Mexico
- NASDAQ
- Natural Gas
- Nikkei
- North Korea
- Price Action
- Primary Market
- recovery
- Saudi Arabia
- Shenzhen
- Time Warner
- Trade Deficit
- Unemployment
- Volatility
- Wholesale Inventories
- Yuan
The half-life of the latest "market supporting" intervention by the Chinese government: just about 12 hours.
The Best And Worst Performing Assets Of 2015
Submitted by Tyler Durden on 01/04/2016 08:46 -0500With markets wrapped up for 2015 now, reviewing the performance of asset classes last year shows that it was one where negative asset class returns were aplenty, while those finishing in positive territory were few and far between. Indeed, of the 42 assets we monitor in Figure 5, just 9 finished with a positive return in Dollar-adjusted terms over the full year. At the other end of the scale there were some notable losers.
Global Stocks, Futures Flat As Santa Rally Runs Out Of Steam In Christmas Eve-Shortened Session
Submitted by Tyler Durden on 12/24/2015 07:02 -0500After a furious three day "dash for trash", no volume, no breadth, commodity-driven rally, even Santa is now exhausted and overnight US equity index futures were little changed with European and Asian shares mixed. The dollar has declines as gold, silver gain, with WTI initially continuing its recent meteoric rise (up over 8% in the past three days, nearly hitting $38), only to reverse and give up all overnight gains moments ago. Copper falls after Chinese stocks see a second day of weakness, down 0.7% while an unexpected tumble in the USDJPY to 7 weeks lows has dragged the Nikkei (-0.5%) and its futures down.
Futures Jump After Friday Drubbing, Despite Brent Sliding To Fresh 11 Year Lows, Spanish Political Uncertainty
Submitted by Tyler Durden on 12/21/2015 06:55 -0500- Aussie
- BOE
- Boeing
- Bond
- China
- Conference Board
- Consumer Confidence
- Consumer Sentiment
- Copenhagen
- Copper
- CPI
- Crude
- Crude Oil
- Danske Bank
- fixed
- France
- Gilts
- Housing Starts
- Initial Jobless Claims
- Japan
- Jim Reid
- Michigan
- Monetary Policy
- Netherlands
- New Home Sales
- Nikkei
- Nomura
- Output Gap
- Personal Income
- Price Action
- recovery
- Richmond Fed
- University Of Michigan
- Yuan
In a weekend of very little macro newsflow facilitated by the release of the latest Star Wars sequel, the biggest political and economic event was the Spanish general election which confirmed the end of the PP-PSOE political duopoly at national level. As a result, there was some early underperformance in SPGBs and initial equity weakness across European stocks, which however was promptly offset and at last check the Stoxx 600 was up 0.4% to 363, with US equity futures up nearly 1% after Friday's oversold drubbing. In other key news, the commodity slide continues with Brent Oil dropping to a fresh 11-year low as futures fell as much as 2.2% in London after a 2.8% drop last week.
Global Stocks, Futures Continue Surge On Lingering Rate Hike Euphoria
Submitted by Tyler Durden on 12/17/2015 06:59 -0500- Aussie
- Boeing
- Bond
- Brazil
- Centerbridge
- China
- Conference Board
- Continuing Claims
- Copper
- CPI
- Crude
- Crude Oil
- Equity Markets
- Fed Fund Futures
- Fitch
- fixed
- Germany
- Gilts
- High Yield
- Housing Starts
- India
- Initial Jobless Claims
- Japan
- Jim Reid
- Monetary Policy
- Nat Gas
- New Zealand
- Nikkei
- Norges Bank
- Philly Fed
- Price Action
- RANSquawk
- Trade Deficit
- Unemployment
- Yen
Heading into the Fed's first "dovish" rate hike in nearly a decade, the consensus was two-fold: as a result of relentless telegraphing of the Fed's intentions, the hike is priced in, and it will be a "dovish" hike, with the Fed lowering its forecast for the number of hikes over the next year. Consensus was once again wrong on both accounts: first the rate hike was far more hawkish than most had expected (see previous post), and - judging by the surge in Asian, European stocks and US equity futures - the "market" simply is enamored with such hawkish hikes which will soon soak up trillions in liquidity from the financial system.
Sticker Shock: Fed to Hike Rates First Time in NINE Years!
Submitted by ilene on 12/16/2015 16:19 -0500China did everything it could to prevent a collapse and it still happened. How do you think other countries will do?
After Vicious Rollercoaster Session, Global Stocks Flat, US Futures Stage Tepid Rebound In Illiquid Chaos
Submitted by Tyler Durden on 12/10/2015 06:53 -0500- Apple
- Aussie
- Australia
- B+
- BOE
- Bond
- Brazil
- Central Banks
- China
- Continuing Claims
- Copper
- Corruption
- CPI
- Crude
- Crude Oil
- Equity Markets
- France
- Germany
- Glencore
- headlines
- High Yield
- Initial Jobless Claims
- Investment Grade
- Investor Sentiment
- Jim Reid
- Monsanto
- NASDAQ
- Natural Gas
- Nikkei
- None
- Price Action
- Primary Market
- RANSquawk
- recovery
- Trade Deficit
- Turkey
- Volatility
- Wholesale Inventories
- Yen
- Yuan
After yesterday's rollercoaster session in both the S&P and in oil, where initially stocks soared alongside oil, only to promptly tumble as stops were taken out and as the refiners' inventory strategy was exposed after the DOE's latest weekly numbers were released, it has been a quieter session so far, though maybe not for China where stocks jumped at the open only to fizzle and close at the lows in what appears to be ever less intervention by the market manipulating "National Team."
Global Stocks Slump As Mining Rout Accelerates, Concerns Grow About Chinese "Stealth Devaluation"
Submitted by Tyler Durden on 12/09/2015 06:53 -0500- Alistair Darling
- Aussie
- Bond
- Carry Trade
- China
- Copper
- CPI
- Crude
- Crude Oil
- Equity Markets
- Federal Reserve
- fixed
- France
- Germany
- Glencore
- Gundlach
- High Yield
- Hong Kong
- Jim Reid
- Markit
- NFIB
- Nikkei
- People's Bank Of China
- Precious Metals
- Price Action
- Short Interest
- Volatility
- Volkswagen
- Wholesale Inventories
- Yuan
Overnight market action has largely been a continuation of Tuesday's key themes with European stocks falling as a selloff in mining companies extended to a 7th day, even as metals prices rose and crude oil rallied modestly from a six-year low after yesterday's API crude inventory draw. U.S. equity futures have rebounded from modest declines, as emerging-market shares extended their losing streak to a 6th day while Asian stocks dropped to 2 month lows.
Oil Producer's Currencies Are Collapsing As Brent Breaks Below $40
Submitted by Tyler Durden on 12/08/2015 15:35 -0500With the oil price collapse accelerating (Brent just dropped below $40 for the first time since Feb 2009), the currencies of major oil-exporting nations - such as the Canadian dollar and Norwegian crown - are plunging...
European Stocks Jump As Inflation Disappoints, US Futures Flat Ahead Of Yellen Speech
Submitted by Tyler Durden on 12/02/2015 06:47 -0500- Aussie
- Australia
- Australian Dollar
- Beige Book
- Bond
- Brazil
- China
- Copper
- CPI
- Creditors
- Crude
- Crude Oil
- default
- Equity Markets
- Eurozone
- Federal Reserve
- fixed
- France
- Germany
- headlines
- Italy
- Janet Yellen
- Japan
- Jim Reid
- Joint Economic Committee
- Market Share
- Mexico
- Nikkei
- OPEC
- Price Action
- Puerto Rico
- Real estate
- Recession
- recovery
- Saudi Arabia
- Shenzhen
- Sun King
- Turkey
- Unemployment
It is only logical that a day after the S&P500 surged, hitting Goldman's 2016 target of 2,100 more than a year early because the US manufacturing sector entered into a recession, that Europe would follow and when Eurostat reported an hour ago that European headline inflation of 0.1% missed expectations of a modest 0.2% increase (core rising 0.9% vs Exp. 1.1%), European stocks predictably surged not on any improvement to fundamentals of course, but simply because the EURUSD stumbled once more, sliding by 40 pips to a session low below the 1.06 level.
AsiaPac Unleashes Baffle 'Em With Bullshit Data Bonanza
Submitted by Tyler Durden on 11/30/2015 20:28 -0500From South Korean exports (beat) to Aussie PMI (multi-year highs) and from China Services PMI (2012 lows) to Japan CapEx (multi-year highs), AsiaPac was awash with the exact kind of baffle 'em with bullshit data that provides just enough "see everything is awesome after all" to balance the "umm, but what about..." less glass half full perspective. For your viewing pleasure - 5 WTF charts for AsiaPac economies...
If "Everything's Awesome" Why Did Aussie CapEx Just Collapse By The Most In Its 30 Year History
Submitted by Tyler Durden on 11/25/2015 22:13 -0500Day after day, the 'stability' in the stock "markets" (specifically in AsiaPac) is posited as 'proof' that China is 'fixed', the worst is over in EMs, The Fed can raise rates, and massive monetray policy manipulation of market signals had no mal-investment consequences. Well all of that utter crap just got obliterated as China's right-hand-man in the credit-fueled commodity boom bust - Australia - just saw its business capital expenditure collapse 20% YoY - the biggest drop ever, accelerating the crash in business spending to 11 quarters. As Goldman warns, this exposes significant downside risk to any forecast for GDP recovery in 2016.
Friday Humor: Meet Phuc Dat Bich - The Aussie Man Who Is "Irritated" At Facebook Ban
Submitted by Tyler Durden on 11/20/2015 21:50 -0500
Global Markets Surge Overnight On Fed Minutes Optimism; ECB Minutes Set To Keep Rally Going
Submitted by Tyler Durden on 11/19/2015 06:55 -0500- 200 DMA
- Aussie
- Bond
- Carlyle
- China
- Continuing Claims
- Copper
- Crude
- Crude Oil
- Dallas Fed
- Donald Trump
- Equity Markets
- Eurozone
- fixed
- France
- Germany
- goldman sachs
- Goldman Sachs
- headlines
- Housing Starts
- Initial Jobless Claims
- Japan
- Jim Reid
- KKR
- Monetary Policy
- Natural Gas
- Nikkei
- Philly Fed
- Portugal
- Price Action
- RANSquawk
- Recession
- Reuters
- Trade Balance
- Yen
While it is still unclear just why the FOMC Minutes which are said to have made a December liftoff "more likely" unleashed a dramatic market rally, one which sent both stocks and TSYs higher, the sentiment continued overnight, with both Asian stocks surging on the US momentum, as well as Europe, where the DAX gapped solidly above the 200 DMA as most European shares advanced, led by resources, travel stocks. U.S. futures continue their ramp higher, and at last check were another 8 points, or 0.4%, in the green. But if the Fed Minutes were enough to unleash the latest leg in this rally, than the ECB's own minutes due also today, should send futures back over 2100 without much difficult, regardless of their actual content.
U.S. Mint Sales of Gold Coins Fall In October After 234% Surge in Q3
Submitted by GoldCore on 11/17/2015 12:20 -0500Editor’s Note: Last week gold price fell to 5 year lows and weakness again saw canny buyers accumulate on the dip. Sales of U.S. Mint gold coins jumped the most in nearly three months. The 2015 $10 American Gold Eagles actually sold out.




