THURSDAY 1/15/15; SNB Abandons the 1.20 Euro/Swiss Franc Cap; Brent Oil Price Drops Under WTIC Oil; PPI (Producer Price Index); Empire State Mfg Survey; BLK; BAC; C; LEN; PPG; Philly Fed Survey; Record Low 30-Year Yield; US Stocks Down Five Consecutive Days; INTC; SLB

Asian indexes print a very constructive session. The NIKK gains +1.9% as the dollar/yen pair rises to 117.80. Exporters trade higher on the weaker yen. Traders ignore the weaker than expected Japan core machinery orders. The SSEC explodes +3.5% higher but volume is lackluster. China announces infrastructure plans so train companies China CNR and CSR gap limit up +10%. Energy and oil companies trade higher. The HIS gains +1%.

India’s Nifty jumps +2.6% 








































[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]

US Treasuries are the big story today with the 10-year and 30-year yields collapsing fueling the deflationary fire. The yields are; 2-year 0.41%, 5-year 1.17%, 10-year 1.73%, 30-year 2.38%. The TNX (10-year yield) is at lows not seen since May 2013. The TYX (30-year) is at 2.38% a record low.

After the bell, Intel reports 74 cents versus 66 cents EPS expected a handy beat with the top line sales only in line at $14.72 billion versus $14.71 billion expected. INTC drops -2.2% in AH’s trading. The CME raises margin requirements on Swiss Franc futures.

SLB beats on EPS but misses on the top line. Slob trades up +0.9% after Schlumberger raises the dividend and plans to ax 9000 jobs 7% of its workforce. SLB was down -2.3% during the regular session. In the shale oil and gas patch, RRC bounces +2.1% after meeting production growth targets.