Share Forum - Discuss JSE shares and join the Investor Challenge

China CPI prior 2.1% consensus 2.2% actual 2.4%
China PPI prior -1.9% consensus -2.2% actual -2.6%

And Asian markets are marginally down this am.

Yen down to the 100 per $ level.
Topix index to 4.5 year high, with the nikkei up nearly 3%...
Ben Bernake is speaking today at 15:30, no idea what that'll bring up, then at 8pm we get the US treasury budget

Patience my sweet, patience.

08:00 German CPI (MoM) Prev & Exp -0.5% Act -0.5%
08:00 German CPI (YoY)  Prev & Exp 1.2% Act 1.2%
11:00 European Industrial Production (MoM) Prev & Exp 0.4%
11:00 German ZEW Economic Sentiment Prev 36.3, Exp 38.8, Act 36.4%
14:30 US Import price index Prev & Exp -0.5%

Nikkei  -0.98%
HSeng  -0.29%
Shang  -1.38%
Sens  +0.37%
Singap +0.23%

Futures DJ +0.07% S&P + 0.08%
IGM @+73

From marketwatch.com:
But Tuesday’s broad gains elsewhere came after S&P rose marginally to set a fresh closing record Monday, while the Dow industrials retreated, with investors considering the Federal Reserve’s reported exit strategy from its quantitative-easing program.

“Although recent central-bank policy has distorted market prices in equities and bonds, it seems unlikely that the U.S. Fed will reduce its asset-purchase program until the second half of the year,” said Perpetual head of investment market research Matthew Sherwood.

Jubilation all over the world, again .   Asia up, futures up, IGM up, economy down, oh joy. 

France's economy contracts 0.4% out just now, translation: France in recession, but hey, happy days.

Edit: Germany YoY GDP prev 0.1%, actual -1.4%, oops.

http://www.investing.com/economic-calendar/

08:00     EUR         German GDP (YoY)      -1.4%   0.2%   0.1%
08:00     EUR         German GDP (QoQ)  0.1%   0.3%   -0.7%

Separately, the Empire Manufacturing Survey for May registered a reading of -1.43, which was down from the prior month's reading of 3.1. Economists polled by Briefing.com had expected that the survey would rise to 3.5.

Just reported, April industrial production fell 0.5%, which was worse than the 0.2% downtick that had been expected by the Briefing.com consensus. Meanwhile, capacity utilization hit 77.8%, which was worse than the 78.3% expected by the Briefing.com consensus.

Also US 10 yr. Treasury yields dropped. So, the hunt for yield remains and equities should be OK for now - Let's hope we aren't heading for a deflationary scenario in the US !

Rant at R9.37 to dollar .....