Sunday, March 15, 2015

MONDAY 3/16/15; DAX Prints Above 12K First Time Ever; Empire State Mfg Survey; Industrial Production; European and US Stocks Launch Higher

At 8 AM in Tokyo (7 AM Hong Kong time; 10 AM Sydney time; 7 PM EST Sunday evening in the US ), the global trading week is underway with Australian stocks down -0.4%. US futures begin on a slight down beat. S&P -2. Dow -18. Nasdaq -4. The euro drops below 1.05. Dollar/yen 121.38. Pound 1.4745. Aussie dollar 0.7630.

WTIC oil 43.85. Brent oil 53.34. Natural gas 2.70. Gold 1156. Silver 15.57. Copper 2.6640.

US Treasury yields are; 2-year 0.66%, 5-year 1.58%, 10-year 2.11%, 30-year 2.70%. Japan 10-year yield 0.41%.

Chinese Premier Li says policy tools are 












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After the closing bell, STEM reports a loss. The US debt ceiling limit is in play and Treasury Secretary Jack Lew begins taking extraordinary steps to keep the government operating until Congress can push the limit higher in the months ahead. Lawmakers continually spend taxpayer money with no accountability. The debt limit must be raised before September-October otherwise the US will hit a brick wall unable to pay its bills.

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