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.

Position yourself for free after watching the video on eCommerce at


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 – February 26th, 2016


Posts : 26734
Thanked : 1361
Join date : 2013-01-12

Market Talk – February 26th, 2016

Post by Lobo on Sat 27 Feb 2016, 2:54 pm

We saw healthy performances across all Asian Indices amongst the G20 headlines. There is much talk about additional fiscal stimulus coming from China whilst Germany takes the opposite view (expressed by Wolfgang Schaeuble) stating that easy monetary policy “risks serious side effects”. Core indices closed higher on the day (Nikkei +0.3% and Shanghai +1%) but it was Hang Seng that saw a strong rally in the last hour of the week to close up 2.3%.
The rally in oil prices is being talked by European equity traders as the primary reason for today’s rally in stocks. We are seeing some big names (RBS for example down 8%) having a difficult day but the vibes coming out of G20 are all positive – so far. The Italian Finance Minister is at odds with Mr Schaeuble but I’m sure Mario Draghi will address that one on March 10th (next ECB meeting). DAX, CAC, FTSE and IBEX all closed around 1.75% up on the day.
In the US we saw some good sentiment numbers (Michigan 91.7 against an forecasted 91) and some better inflation numbers (compared to the Eurozone looking at zero) but added to the late turn in oil and dealers are concerned the FED may be in play again, later in the year. Stocks reversed their early triple digit gains to close the day little changed (DOW, S+P small down and NASDAQ small higher). The more the US markets react to this kind of data the more pressure it piles onto Emerging Market countries that import and/or are running USD deficits. The FED will be have to decide (again) against domestic or international responsibilities.
The race for USD’s is beginning to heat up. Friday’s Money Markets are always USD illiquid but are becoming even more so now that the EM capital flows have decreased so much. The USD remains the pride of the fleet with almost not competition in sight. The Euro, GBP, JPY and INR all lost around 1% in late US trading, taking the DXY up to 98.11 (+0.9%).
The reversal in stocks came a little too late in the day for the Bond markets but they will show their reaction on Monday morning. The question there is do they follow domestic data or is the international demand large enough to lift prices and lower the yield? There is a very good argument for curve flatteners so it will be interesting to watch 2/10’s in the coming few weeks (closed this evening at 97BP). US 10’s closed tonight at 1.76% with Bonds at 2.63%.
German Bunds closed 10’s at 0.145%, closing the TY/RX spread at 161.5BP. Italy 10yr closed 1.47% (-4BP), Greece 10’s closed 10% (-24BP), Turkey 10.38% (-8BP) and UK Gilt at 1.40% (+3BP).

    Current date/time is Tue 21 Nov 2017, 8:01 am