Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers. You must log in to see and participate in our Dinar sections.

Your welcome to be apart of Anesis Club (Private) after at least becoming a FREE Rookie in my Network at this link https://www.onelife.eu/signup/nenosplace

Neno

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2017


Market Talk – January 21st, 2016

Share

Lobo
Moderator
Moderator

Posts : 19809
Thanked : 947
Join date : 2013-01-12

Market Talk – January 21st, 2016

Post by Lobo on Thu 21 Jan 2016, 4:30 pm

Market Talk – January 21st, 2016

Posted on January 21, 2016 by Martin Armstrong


All core Asian Indices suffered as concerns surrounding the oil price continued to drive market sentiment. Late rumours that Saudi’s, Aramco, were in talks with Hong Kong’s Sinopec of possible refinery investment within China. This news certainly helped their share (Sinopec +1.8%) but was too late to aid the broader markets or indeed the price of oil. With the Nikkei, HSI and Shanghai all closing weak (-2.4%, -1.8% and -3.2% respectively) it was left to the ASX (Australian Stock Exchange) to be the sole ray of sunshine closing up 0.5%.
European trading was a game of two halves today. As per usual it was down to screen watching ahead of the ECB announcement (unchanged rate as expected) but it was the statement and Q+A that woke everyone up. Announcing renewed worries surrounding growth Mario Draghi expressed concerns about emerging market participation despite his confidence that measures already taken are indeed working. With claims that the ECB will review its monetary policy at the next meeting the EURO sold off and stocks rallied but the biggest confidence booster was that oil saw a significant rally encouraging short-covering to force a close up over 6% back to the $30 mark. US stocks also had an encouraging rally to close the day higher. Off of the days highs but in fairness it did not really matter, as many dealers we spoke with just feel that sentiment changed today and are just looking forward to the weekend. Dow closed +116pts (+0.75%), S+P +0.5% and NASDAQ up (but that is all that mattered).
The US Treasury market lost all of its recent safe-haven bid to close 10’s at 2.03% whilst Bunds closed 0.45%. This moves the spread back to +153bp with Mr Draghi taking all unwanted paper. The Italian 10yr closed today at 1.56%.
This entry was posted in Uncategorized by Martin Armstrong. Bookmark the permalink.

    Current date/time is Mon 23 Jan 2017, 6:50 am