THURSDAY 4/30/15; NIKK Mini-Crash; EOM (End of Month); Huge German Bund Selloff; Personal Income and Outlays; ADP; COP; XOM; BZH; RYL; CY; MOS; Chicago PMI; US Stocks Selloff; AIG; GILD; V; EMN; EXPE; FLS; LNKD

The computer screens for the Asian indexes are a sea of red as the week of trading ends for many nations. Tomorrow is Labor Day with many markets closed. The BOJ leaves monetary policy unchanged as expected. The vote is 8 to 1. The BOJ continues to expect CPI to move steadily higher reaching the 2% inflation target during the first half of 2016. Japan pushes inflation targets further into the future due to the lower oil prices. The Nikkei Index prints the biggest loss in four months. The NIKK (the Nikkei Index was closed yesterday due to Showa Day) plummets 539 points, -2.7%, to 19520. HMC reports disappointing earnings and pukes -7%. Sony provides lower guidance. 


























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JDSU drops -4% after reporting results. DWA drops -6%. SWKS gains +4% on an earnings beat.

The Maersk cargo ship abducted by Iran remains under their control and is holding $3.6 million in merchandise. The US Navy is accompanying all US ships travelling through the Strait of Hormuz where the US-friendly UAE is at the south shore and adversary Iran is at the north shore of the strait. Middle East tensions increase boosting oil prices.