Thursday, January 8, 2015

FRIDAY 1/9/15; Terrorists Take Hostages in France; Weak Spanish Banks; Monthly Jobs Report; Wage Data Disappoints; Wholesale Trade; US Stocks Selloff; Russia Downgrade; UK and US Issue Worldwide Terror Alert

Asia repeats the prior day’s action finishing up across the board except for the Shanghai Index. NIKK +0.2%. HSI +0.4%. SSEC -0.2%. SPASX200 +1.6%. KOSPI +1.1%. Asian stocks follow along from the robust US rally but fade into the closing bell. Global traders are focused on the Monthly Jobs Report in the States only a few hours away.

China December inflation numbers are at five-year lows. Both CPI and PPI inflation gauges miss expectations. The drift towards disinflation and deflation paves the way for the PBOC to offer more stimulus to keep 











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The US issues a worldwide terror warning that all Americans must remain on guard for potential terrorism. The UK repeats its worldwide terror alert initiated earlier today. Symbology and dates are important to the Islamist radicals. Interestingly, reversing the 9-11 terrorist attack date is ‘119’; perhaps January 19th, 1/19, is a date requiring extra vigilance. The Dr Martin Luther King Jr Day holiday is 1/19.

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