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.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.


For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

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

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017

Market Talk – March 30th, 2016



Posts : 17752
Thanked : 872
Join date : 2013-01-12

Market Talk – March 30th, 2016

Post by Lobo on Wed 30 Mar 2016, 4:52 pm

Asia followed the bullish tone provided by the Federal Reserve with a gap higher opening of around 1%. Mainland China and Hang Seng managed to build upon this enthusiasm eventually closing up almost 2.5% each. The same could not be said of Japan when the Nikkei had problems holding the 17k psychological level. Tomorrow being the end of Q1 means we will see the quarterly Tankan survey. Expected at +8 vs +12 in December (a forecast by 23 economists); it has potential to be the lowest number for over 3 years.
European equity markets were also cooed by Janet Yellen’s remarks, as was the oil price but could also be blamed on a weakening US Dollar. The DAX, CAC, FTSE all opened strong and went from strength to strength eventually closing +1.6% firmer across the board. The IBEX also made ground by a mere 0.7% almost pales into insignificance. Tomorrow is the end of Q1 and we have data in the form of German Retail Sales and Euro-land Inflation.
US markets already had futures up around 1% before the cash opened so was no real surprise the rally continued. ADP release was slightly better than expected 200k against a forecasted consensus of 194k. Mid afternoon session we did see a little profit taking but then we do have an interesting two days ahead of us! Tomorrow is end of Q1, more data and the first Friday in the month and so is time for the employment report. Markets have finally broken new ground for 2016 after what has been a wild Q1. All US indices closed up around 0.5% so fun and games again tomorrow.
Gold could not hold yesterdays $25 rally and by the close was off 0.7% trading at $1228.
US Treasuries weakened a little as equities rallied with 10yr US trading around the 1.82%. Earlier in the session (with equities at their highs) 10’s were trading around 1.855% but recovered into the close. German Bunds also a similar pattern with 10’s closing 0.155% the spread closes +170bp. 2/10 US curve closed +107bp. Periphery bond yields continue to drift low in expectation of further buying. Italy 10yr close 1.21%, Greece 8.38%, Turkey 9.76% and Gilts 1.43%.

    Current date/time is Fri 02 Dec 2016, 10:37 pm