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MARKET OUTLOOK - Global & Local, Perspectives & General Market Feeling
blacksheep
post Posted: Dec 18 2018, 09:50 AM
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In Reply To: nipper's post @ Dec 18 2018, 08:07 AM

Australian share market plunges, wiping out gains from past two years
By business reporter David Chau
Posted 21 minutes ago

QUOTE
The local share market has plunged in early trade, wiping out all its gains in the last two years.

Australia's benchmark index, the ASX 200, had fallen by 1 per cent to 5,600 at 10:10am (AEDT).

Meanwhile, the broader All Ordinaries index tumbled by a similar level to 5,675 points.

It follows a volatile session on Wall Street overnight, as it continued to fall deeper into correction territory.

The Dow Jones index shed 508 points and the benchmark S&P 500 fell to a 14-month low.

Investors are on edge about a potential recession in the United States, and the Federal Reserve's widely expected rate hike on Wednesday afternoon (New York time).

Every Australian sector is in the red, with energy (-2pc) and financials (-1.2pc) being the worst performers.

Origin Energy (-2.1pc), Nine (-2pc), Bluescope Steel (-2pc) and Fortescue Metals (-1.7pc) are some of the big-name stocks that have fallen by the most.

The big four banks have dropped between 0.8 and 1.6 per cent.

The Australian dollar has risen slightly to 71.8 US cents.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Dec 18 2018, 08:07 AM
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Posts: 6,413
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QUOTE
Australian shares are set to drop sharply as markets extend a pre-Christmas slump. ASX futures were down 85 points to 5587 at 8.00am AEDT, extending a slide from earlier in the session.

The RBA will release minutes of its board meeting today. Capital Economics' Ben Udy and Stephen Brown said, "The RBA minutes may provide some further insight into the central bank's thinking. But given that the minutes were written before the latest GDP data, this view is likely to be somewhat out of date."

QUOTE
Shares on Wall Street sank further at the start of the final full trading week of 2018. The Dow Jones fell 300 points in early trading before steadying.

President Donald Trump criticised the Federal Reserve for its current series of interest-rate increases, days before the US central bank is expected to push up interest rates again. "It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!" Trump wrote in a tweet.

Almost all economists expect the Fed to raise rates again at its meeting this week, while many also see the central bank making increases next year, although at a slower pace in the face of a possible economic recession.
https://www.afr.com/markets/equity-markets/...20181218-h1985d

UD flat at 71.74 US cents at 8.00am AEDT

On Wall St in New York: Dow -2.1% S&P 500 -2.2% Nasdaq -2.3%

In Europe: Stoxx 50 -0.9% FTSE -1.1% CAC -1.1% DAX -0.9%

Gold +0.7% to $US1246.61 an ounce

Brent crude -0.9% to $US59.73 a barrel

Iron ore -0.4% to $US70.47 a tonne

LME aluminium +0.8% to $US1942 a tonne

LME copper -0.1% to $US6123 a tonne

10-year yield: US 2.87% Australia 2.44% Germany 0.26%



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Dec 14 2018, 09:02 PM
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Posts: 6,783
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LONDON (Reuters) - Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute.


https://www.reuters.com/article/us-global-m...e-idUSKBN1OD021

The trade dispute resolution is looking a little brighter following this olive branch from Beijing - depends on the Trump man now, I guess

QUOTE
BEIJING (Reuters) - China’s finance ministry said on Friday it will suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019.

The government will suspend 25 percent tariffs on 144 U.S. vehicle and auto part items and 5 percent tariffs on 67 auto items between Jan. 1 and March 31, 2019, the ministry said in a statement on its website.

The Ministry of Finance also said it hopes China and the United States can speed up negotiations to remove all additional tariffs on each other’s goods.[


https://www.reuters.com/article/us-china-us...1-idUSKBN1OD165



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 12 2018, 03:09 PM
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Posts: 6,783
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Hedgeye's cartoon of the day - Santa Claus Rally?
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 8 2018, 01:27 PM
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Posts: 6,783
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Stocks Plunge to Cap Worst Week Since March: Markets Wrap
By Vildana Hajric and Sarah Ponczek
December 7, 2018, 8:53 AM GMT+11 Updated on December 8, 2018, 8:33 AM GMT+11

QUOTE
U.S. stocks plunged, capping the worst week for the S&P 500 Index since March, as the Trump administration pressed its trade war with China and the latest batch of economic data added to concern that growth has peaked. Oil rose after OPEC agreed to cut output.


The Dow Jones Industrial Average shed over 500 points Friday, bringing its decline in the abbreviated trading week to over 1,000. The S&P finished the week down 4.6 percent. The trade outlook appeared to take a negative turn after Huawei Technologies’s chief financial officer was charged with conspiracy and the U.S. alleged the company violated sanctions. The Federal Reserve’s Lael Brainard struck a hawkish tone in comments at a conference.


QUOTE
Stocks
The S&P 500 fell 2.3 percent to 2,633.08 as of 4:06 p.m. in New York, while the Dow Jones Industrial Average slumped 2.2 percent to 24,388.95 and the Nasdaq Composite Index tumbled 3.1 percent to 6,969.25.
The Stoxx Europe 600 rose 0.6 percent, the first increase in four days.
The U.K.’s FTSE 100 rallied 1.1 percent.
Germany’s DAX Index gained less than 0.1 percent.
The MSCI Emerging Market Index fell less than 0.1 percent.
The MSCI Asia Pacific Index increased 0.1 percent.

Currencies
The Bloomberg Dollar Spot Index fell 0.1 percent.
The euro gained 0.3 percent to $1.1408.
The British pound weakened 0.3 percent to $1.2742.
The Japanese yen gained less than 0.1 percent to 112.66 per dollar.

Bonds
The yield on benchmark 10-year Treasuries dropped four basis points to 2.85 percent. The three-year note yield fell five basis points to 2.72 percent as the yield on the five-year note dropped five basis points to 2.70 percent.
Germany’s 10-year yield rose one basis point to 0.29 percent.

Commodities
West Texas Intermediate crude rose 1.9 percent to $52.48 a barrel.
Gold rose 0.9 percent at $1,249 an ounce.
LME copper climbed 1.2 percent to $6,145 per metric ton, the first increase in four days

read more - https://www.bloomberg.com/news/articles/201...op-markets-wrap
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 7 2018, 02:29 PM
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In Reply To: blacksheep's post @ Dec 6 2018, 01:49 PM

Source Hedgeye
QUOTE
GERMANY: stock market enters #crash territory (down -20% since JAN) with a -2.6% drop this morning as German economic data continues to slow

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


blacksheep
post Posted: Dec 6 2018, 01:49 PM
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In Reply To: nipper's post @ Dec 6 2018, 01:24 PM

Yep - markets reacting to the news

U.S. stock futures fall, Asia follows after Canada arrests Huawei CFO
Hideyuki Sano
5 MIN READ

QUOTE
TOKYO (Reuters) - U.S. stock futures and Asian shares tumbled on Thursday after Canadian authorities arrested a top executive of Chinese tech giant Huawei for extradition to the United States, fanning fears of a fresh flareup in tensions between the two superpowers

The news came as Washington and Beijing begin three months of negotiations aimed at de-escalating their bruising trade war, which is adding to global investors’ worries over rising U.S. interest rates and other risks to global economic growth.

S&P500 e-mini futures ESc1 fell almost 2 percent at one point in thin Asian morning trade and were last were down 1.2 percent.

The losses in the first few minutes of trading might have been even steeper, but CME Group’s Chicago Mercantile Exchange implemented a series of 10-second trading halts that helped limit the initial drop.

Japan's Nikkei .N225 slid 1.7 percent, with semi-conductor related shares leading the losses. Huawei is one of the world's largest makers of smartphones and telecommunications network equipment.

MSCI's ex-Japan Asia-Pacific index fell 1.2 percent .MIAPJ0000PUS. Hong Kong's Hang Seng .HSI dropped 2.1 percent while Shanghai shares .SSEC dropped 0.9 percent.


https://www.reuters.com/article/us-global-m...o-idUSKBN1O5006



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
nipper
post Posted: Dec 6 2018, 01:24 PM
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In Reply To: joules mm1's post @ Dec 6 2018, 11:37 AM

another shot across the bow....

Meng is one of the vice chairs on the Chinese technology company’s board and the daughter of company founder Ren Zhengfei (.... president of Huawei Technologies Co. Ltd., headquartered in Shenzhen, Guangdong, and an ex-People's Liberation Army officer)

& makes Eisenhower's Military-Industrial Complex look amateurish








--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
joules mm1
post Posted: Dec 6 2018, 11:37 AM
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" buy the cannons, sell the trumpets"
for long term investors a good axiom
but you know ....trumpets ...hmmmm......trumpets .....say it slowly... tongue.gif
arrested developments, eh

here's your 250 plummet in the $dax futures 66 points in the $spx front month contract
https://www.reuters.com/article/us-usa-chin...usiness+News%29




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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price

Said 'Thanks' for this post: nipper  
 
nipper
post Posted: Dec 5 2018, 09:02 AM
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In Reply To: early birds's post @ Dec 5 2018, 07:14 AM

QUOTE
Local stocks are set to dive after a terrible session on Wall Street, where lack of clarity on a deal to call a temporary halt to trade tensions between the US and China and worries that the US could be heading for a recession and sent markets into a tailspin.

Major US markets fell hard on Tuesday. The Dow Jones Industrial Index fell 799 points, or 3.1 per cent, the S&P 500 sank 3.2 per cent and the Nasdaq tumbled 3.8 per cent. The VIX "fear gauge" surged 20 per cent during the session.

Australian markets have had a turbulent run this week, rallying strongly on Monday after signs on trade progress between the US and China before that optimism gave way to gloom.

"Market sentiment on the US‑China trade war swung yesterday to, not pessimism but realism," Commonwealth Bank strategist Tobin Gorey said. "More people sobered their views as the lack of concrete outcomes - as opposed to plans to be completed - emerged."

Concerns about the future strength of the US economy also appear to be filtering through to markets. Two and three year yields traded above the five year yield, while the spread between the 10 year yield and the two-year narrowed to its smallest in a decade....
....realism not pessimism; I like that (though "to sober" a view doesn't work for me)



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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