Asian indexes are lower ignoring the US late-day stock rally
and new record closing highs for the S&P 500 and Dow Industrials. Japan markets
are closed for the Emperor’s Birthday holiday. Chinese energy stocks are
slapped lower taking the SSEC down -3%. Beijing regulators are investigating 18
companies for possible stock-price manipulation which creates a negative vibe.
The HSI loses -0.3% as the real estate and construction company Dalian Wanda
Commercial Properties debuts in trading, the largest IPO of the year, and
collapses -8%. Traders are concerned over the valuation and
[Text is Redacted: Purchase December 2014-12 to Read the Complete Chronology]
Copper 2.88. US Treasury yields are; 2-year 0.74%, 5-year 1.73%, 10-year 2.26%, 30-year 2.86%. Yields move higher across the board on the robust GDP.
[Text is Redacted: Purchase December 2014-12 to Read the Complete Chronology]
Copper 2.88. US Treasury yields are; 2-year 0.74%, 5-year 1.73%, 10-year 2.26%, 30-year 2.86%. Yields move higher across the board on the robust GDP.
The bullish market sentiment continues with traders
expecting SPX 2100 any day. At 7 PM, thousands of protestors take to the
streets in New York City to demonstrate against heavy-handed police tactics and
racism. The protestors threaten to shut down the New York business district in
this busy holiday season; the night before the night before Christmas.
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