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Author Topic: Today's Outlook  (Read 842727 times)

Moneypenny

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Re: Today's Outlook
« Reply #180 on: June 13, 2013, 08:25:08 am »
Ouch, this is going to get real ugly.

Nikkei closes 20% below 22 May's high, enters bear market at 6.5% down today.

Nothing more to say. Good luck to all.

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AVM

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Re: Today's Outlook
« Reply #181 on: June 13, 2013, 12:26:28 pm »
Almost ready to go bargain hunting.
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Nivek

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Re: Today's Outlook
« Reply #182 on: June 19, 2013, 11:46:28 pm »
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Moneypenny

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Re: Today's Outlook
« Reply #183 on: June 20, 2013, 08:13:06 am »
Oh funky! 

This is actually good.

Economy picks up = company results good = expansion/growth = markets up in long run but yes, I think we'll have anticipated knee-jerk first. 

Good time to buy long term.
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AVM

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Re: Today's Outlook
« Reply #184 on: June 25, 2013, 05:21:14 pm »
Durable goods orders above expectations, as were new home sales. The US is heading up and taking us along for the ride. Tomorrow at 14:30 we'll have the US GDP numbers, if they're good then we might be able to bid this bear goodnight or maybe just good nap.
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Moonraker

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Re: Today's Outlook
« Reply #185 on: June 26, 2013, 04:01:04 pm »
Croatia becomes a member of the EU next week. But with Zagreb likely to need urgent subsidies from Brussels, is the small Eastern European country ready for accession?

Who the **** would want to be a part of the EU ?
Italy is now in the brown stuff mainly due to the higher interest rate scenario after Bernanke's utterances, but also due to a 8 Billion Euro interest rate swap faux-pas (speculation on interest rate swap derivatives did not go their way at all).
The cherry on the top is that Italy is too big to receive aid from the ECB stability fund, whose reserves are in any case dwindling.
So, back to square one regarding the 'Euro Crisis'
 :wtf:
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Nivek

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Re: Today's Outlook
« Reply #186 on: June 27, 2013, 12:07:16 pm »
Quote from: AVM on June 25, 2013, 05:21:14 pm
Durable goods orders above expectations, as were new home sales. The US is heading up and taking us along for the ride. Tomorrow at 14:30 we'll have the US GDP numbers, if they're good then we might be able to bid this bear goodnight or maybe just good nap.

So since the GDP numbers weren't good, I take it QE is still coming for some time?
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Moonraker

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Re: Today's Outlook
« Reply #187 on: June 27, 2013, 12:14:28 pm »
South Africa Producer-Price Inflation Slowed to 4.9%

Producer-price inflation for final manufactured goods slowed to 4.9 percent from 5.4 percent in April, Statistics South Africa said on its website today. The median estimate in a Bloomberg survey was 5.2 percent. Prices rose 0.3 percent in the month. (Bloomberg)
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gcr

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Re: Today's Outlook
« Reply #188 on: June 27, 2013, 02:25:07 pm »
JSE and Nelson Mandela
I think with the now long overdue acknowledgement by SA authorities that Madiba is indeed on life support (and has been since Sunday) that we can expect the bourse to drop upon his death - this is purely my view. However some other scenarios may play themselves out, the withdrawal of substantial liquid funds form our shores, since the face of SA will no longer be Mandela's, and I don't think too many people have faith in Zuma783 as the new face of the ANC. I sincerely hope that if a correction does occur that it is not too severe but it is a reality
Any thoughts :(
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Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Moonraker

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Re: Today's Outlook
« Reply #189 on: June 27, 2013, 07:02:38 pm »
Quote from: gcr on June 27, 2013, 02:25:07 pm
JSE and Nelson Mandela
I think with the now long overdue acknowledgement by SA authorities that Madiba is indeed on life support (and has been since Sunday) that we can expect the bourse to drop upon his death - this is purely my view. However some other scenarios may play themselves out, the withdrawal of substantial liquid funds form our shores, since the face of SA will no longer be Mandela's, and I don't think too many people have faith in Zuma783 as the new face of the ANC. I sincerely hope that if a correction does occur that it is not too severe but it is a reality
Any thoughts :(
Nah, I think the statements/views emanating from presidents of the Fed. regarding tapering off of stimulatory measures, will swing our market either way. The Z and M factor could only account for a small blip. When good news from the US equates to good news, as opposed to bad news is good news, we may see a more sustainable positive sentiment globally and here. Nobody knows how things will play out, eg. China coming off the boil may sort of cancel out better US performance.
I reiterate what you said with a rider; "this is purely my view today"
(Tax season soon, gcr, gird your loins mate).  :))
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Moonraker

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Re: Today's Outlook
« Reply #190 on: June 27, 2013, 08:08:38 pm »
Statements like this one today, gcr ..

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The better demand today is understandable given the salutary remarks earlier this morning from New York Fed President Dudley who said the market's expectations for an earlier rate hike by the Fed are "quite out of sync" with the Fed's statements.  In other words, Mr. Dudley was saying the market overreacted to the FOMC view communicated last week by Fed Chairman Bernanke.

Read more: http://www.nasdaq.com/aspx/market-summary.aspx#ixzz2XRPWOWKH
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Moneypenny

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Re: Today's Outlook
« Reply #191 on: July 03, 2013, 08:43:01 am »
Asia mostly red but not hysterically so after Chinese non-manufacturing PMI overnight data.  Crude oil @ 101 with ongoing Egyptian tensions.  Today a lot of European PMI data as well plus US non-farm @ 14:15 and initial jobless claims 14:30.

Edit:  As for PMI numbers: French & Spanish better than expected, Italian & German worse.  Day driven negative by Mursi defiance and Portugal's 10yr bond hitting 8%. US markets closing earlier today (13:00), that's SA+6hr for 4th of July Independence day celebrations tomorrow.

Edit:  US non-farm better than expected 160K vs 188K

Edit:  Jobless better than expected by 2K, markets seem to like it.
« Last Edit: July 03, 2013, 02:41:00 pm by Moneypenny »
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Moneypenny

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Re: Today's Outlook
« Reply #192 on: July 04, 2013, 09:06:31 am »
USA market closed for Independence Day, BoE rate decision & QE Total @ 13:00, ECB rate decision @ 13:45 & Draghi speaks 14:30. Portugal 10yr bond @ 7.21%, military coup in Egypt.

Edit:  QE remains @ 375B, rate remains @ 0.50%  Egypt market up 7.29%
« Last Edit: July 04, 2013, 01:43:36 pm by Moneypenny »
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Patrick

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Re: Today's Outlook
« Reply #193 on: July 04, 2013, 02:51:53 pm »
Quote from: Moneypenny on July 04, 2013, 09:06:31 am
Egypt market up 7.29%

I wonder if the same would happen here if we were to oust our president ::)
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Moonraker

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Re: Today's Outlook
« Reply #194 on: July 04, 2013, 03:24:27 pm »
Have you seen the FTSE100 ? Now nearly 3% up on Draghi comments
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European shares rallied the most in more than two months and the euro weakened as European Central Bank President Mario Draghi made an unprecedented pledge to keep rates low for an extended period.
Crazy. BTI = up 3.4%
and SAB = up 4.4%
@15:20 our time in London.
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