The NIKK is up +1% above 17.2K out of the gate printing a
new seven-year high fueled by the weaker yen. Dollar/yen 115.80. News reports
say Japan PM Abe is delaying the sales tax hike and will call for a snap
election within the next month. Abe has not yet confirmed the reports. The tax
hike delay news, however, continues to send the Nikkei higher. The weaker yen
sends the auto makers higher (exporters). The NIKK ends the session up +0.4%
off the highs since the yen strengthens and the dollar/yen pair retreats to
115.30.
Aussie consumer confidence is higher but stocks sell off.
Miners are weak dragging the
[Text is Redacted: Purchase November 2014-11 to Read the Complete Chronology]
biggest art auction in history occurs at Christie’s with two Warhols selling for $153 million. Christie’s sells $853 million in art expanding the art bubble as the wealthy spend huge stock market gains. The bidding war for Andy Warhol works help continue the art sector euphoria and remove the disappointment after yesterday’s BID auction.
[Text is Redacted: Purchase November 2014-11 to Read the Complete Chronology]
biggest art auction in history occurs at Christie’s with two Warhols selling for $153 million. Christie’s sells $853 million in art expanding the art bubble as the wealthy spend huge stock market gains. The bidding war for Andy Warhol works help continue the art sector euphoria and remove the disappointment after yesterday’s BID auction.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.