Sunday, November 9, 2014

MONDAY 11/10/14; China PPI and CPI; APEC Summit; Spain's Catalonia Votes for Independence; SPX, INDU and TRAN All-Time Highs; 'Net Neutrality'

Home loan approvals fall in Australia. The SPASX200 remains weak and finishes down -0.5%. The NIKK finishes down -0.6% as the dollar/yen currency pair leaks lower to 114.35. Japan stocks are hurt by the prospects of another sales tax hike. Copper trades marginally higher at 3.04. Airbag maker Takata tumbles -17%.

The HSI explodes +2.4% higher above 24K at the 











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Car rental company HTZ drops -1% after delaying its quarterly report. RAX gains +1% after an earnings beat.

Fed’s Rosengren says the rise in the dollar occurs due to the strength in the US economy. Rosengren waxes worry that inflation is not reaching the 2% target level since it may lead to a deflationary mindset and cause consumers to pare back spending and investing.

UK PM David Cameron warns on the consequences of “bigger countries bullying smaller countries.” Cameron is referencing Russia’s takeover of Crimea and activity in eastern Ukraine. Cameron says sanctions against Russia will not end anytime soon.

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