Asia indexes are higher across the board following the US
rally except for the Shanghai Index. The NIKK is up +1.7% as the dollar/yen
pair moves higher to 119.87 (weaker yen). Exporters such as HMC and TM lead the
upside. MCD apologizes for the food contamination incident but the McDonald’s
Japan stock sells off -2% over the last two days. The SSEC is the sour spot in
Asia losing -2.4% as the banks, brokerages and securities firms are sold off.
Chinese oil and energy stocks are weak. The HSI gains +0.7%.
Australia gains +0.5%. Financials and miners receive a
[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]
Fed’s Kocherlakota, an uber dove, says the drop in oil prices is great for the economy. Kocherlakota is upbeat on the US economy despite weakness around the world. He cautions that the Fed should remain patient before raising rates repeating the comments by other Fed members over the last two days. Traders float stocks higher believing the Fed is patient and in no rush to hike rates.
[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]
Fed’s Kocherlakota, an uber dove, says the drop in oil prices is great for the economy. Kocherlakota is upbeat on the US economy despite weakness around the world. He cautions that the Fed should remain patient before raising rates repeating the comments by other Fed members over the last two days. Traders float stocks higher believing the Fed is patient and in no rush to hike rates.
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