The NIKK gains +0.3% to 20188 printing new 15-year gains
each day on rumors of more BOJ stimulus. Japanese banks and brokers trade
higher. Sony drops -1.6% despite raising earnings forecasts. Australian stocks
are marginally higher. SPASX200 +0.2%. Fortescue Metals leaps +10%. The KOSPI
is up +1.4% and is very strong in recent days. The stock buying frenzy in China
is filtering into South Korea. Hyundai Motor, SK Hynix and LG Display lead higher.
South Korea growth numbers are meeting and beating expectations.
China HSBC PMI manufacturing data disappoints at 49.2 a one-year low. The consensus forecast was 49.6. China’s official PMI is 50.1. Metals and aluminum trade lower on the disappointing numbers. The SSEC gains +0.4% since weak economic data means more stimulus from the PBOC to goose stocks higher. The global central bankers have created a sick world. The HSI is down -0.4% giving up strong gains earlier in the session. Chinese banks, gaming and entertainment companies trade lower.
The Chile Calbuco volcano erupts with fire, smoke and ash causing the evacuation of thousands of people within 10 km (6.2 miles). Flights are cancelled in Chile and Argentina. Chile declares a state of emergency.
China HSBC PMI manufacturing data disappoints at 49.2 a one-year low. The consensus forecast was 49.6. China’s official PMI is 50.1. Metals and aluminum trade lower on the disappointing numbers. The SSEC gains +0.4% since weak economic data means more stimulus from the PBOC to goose stocks higher. The global central bankers have created a sick world. The HSI is down -0.4% giving up strong gains earlier in the session. Chinese banks, gaming and entertainment companies trade lower.
The Chile Calbuco volcano erupts with fire, smoke and ash causing the evacuation of thousands of people within 10 km (6.2 miles). Flights are cancelled in Chile and Argentina. Chile declares a state of emergency.
European indexes trade higher out of the gate but quickly
fade and begin a steady downward path printing red numbers. European manufacturing
data surprises to the downside. German factory orders are slowing.
Emergency liquidity assistance (ELA) is provided for Greece to provide breathing room for the troubled nation. The ECB and European officials are waiting for a detailed reform package from Greece for the last two months. “Grexit” refers to Greece exiting the euro and C introduces a new moniker “Grimbo” a word to
[Text is Redacted: Purchase April 2015-04 to Read the Complete Chronology]
been involved in influence peddling (performing tasks for cash) and fraud. A couple of intrepid reporters are researching a trail of cash and favors. The news will hamper Hillary Clinton’s presidential aspirations.
The Senate approves President Obama’s selection
for the new Attorney General Loretta Lynch. Saudi Arabia begins airstrikes against
the Houthi rebels in Yemen again. The US Navy is watching and trailing Iranian-ships
in the waters south of Yemen and Oman suspected of supplying arms to the Houthi
rebels.
Emergency liquidity assistance (ELA) is provided for Greece to provide breathing room for the troubled nation. The ECB and European officials are waiting for a detailed reform package from Greece for the last two months. “Grexit” refers to Greece exiting the euro and C introduces a new moniker “Grimbo” a word to
[Text is Redacted: Purchase April 2015-04 to Read the Complete Chronology]
been involved in influence peddling (performing tasks for cash) and fraud. A couple of intrepid reporters are researching a trail of cash and favors. The news will hamper Hillary Clinton’s presidential aspirations.
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