Thursday, December 11, 2014

THURSDAY 12/11/14; Hong Kong Occupy Central Movement is Crushed; ECB TLTRO Announcement; German 30-Year Bond Drops Below 1.50%; Venezuela in Collapse; Hindenburg Omen; LULU; RSH; Retail Sales; Business Inventories; 30-Year Bond Auction; US Stock Rally Fizzles; ADBE

The people of Hong Kong have grown impatient after 75 days of the Occupy Central pro-democracy demonstrations. City officials continue removing the student protestors crushing hopes for free elections in 2017. Instead, the Hong Kong people are content with voting for candidates that will be provided by the mainland communist Chinese leaders. Protestors vow that the Umbrella Revolution (Occupy Central) will continue and are trying to make a last stand but the police are removing the demonstrators one by one. Dump trucks are collecting debris and removing the remaining barricades. As the years tick by, the young people may further rise in revolt as a more powerful force for democracy. For now, the majority of the Hong Kong population is content at serving as puppets of mainland China.

Asian markets are a sea of red deteriorating as the 






























[Text is Redacted: Purchase December 2014-12 to Read the Complete Chronology]


















After the closing bell, ADBE catapults +8% after beating on EPS but top line sales are a touch light. Wireless provider FTR is higher in afterhours trading on a dividend hike announcement. CEO Jim Atchison is stepping down from SEAS. SeaWorld also announces job cuts which sends SEAS up +2%. Outdoor apparel company ZQK disappoints on earnings and trades lower.

At 8 PM EST, S&P futures are slightly negative. S&P -1. Dow -10. Nasdaq -1. Dollar/yen 118.82. Euro 1.24. Pound 1.5719. Aussie dollar 0.8256. WTIC crude oil 58.94. Brent oil 63.68. Natty gas 3.65. Gold 1225. Silver 17.12. Copper 2.91. US Treasury yields are; 2-year 0.60%, 5-year 1.60%, 10-year 2.17%, 30-year 2.81%. The 2-10 spread is 157 bips. Asia trading for Friday begins mixed. 

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.