FRIDAY 10/9/15; Fed Dovishness Creates Global Stock Market Rally; Commodities Rally; Wholesale Trade

As Asian stocks are set to begin trading for the last day of the week, US futures are flat a hair negative. S&P -1. Dow -10. Nasdaq -3. South Korea and Taiwan exchanges are closed for holidays. Euro 1.1285. Dollar/yen 119.92. Pound 1.5352. Aussie dollar 0.7267.

WTIC oil 49.63. Brent oil 53.05. Natural gas 2.48. Gold 1140. Silver 15.69. Copper 2.3475.

Treasury yields are; 2-year 0.63%, 5-year 1.40%, 10-year 2.10%, 30-year 2.94%. The 2-10 spread is 147 bips.

Asian indexes finish higher across the board as 































[Text is Redacted: Purchase October 2015-10 to Read the Complete Chronology]

Under the cover of Friday night darkness, Dow Jones says a computer data breach has occurred where the credit and debit card information of 3500 individuals are hacked. The breach occurred over the last three years. Companies are now routinely releasing cybersecurity news on Friday nights when no one is paying attention in the hope that the damage to the business reputation will be minimal. Dow Jones is the publisher of the Wall Street Journal (WSJ).

Twitter leaks information to media outlet Re/Code concerning company-wide layoffs planned for next week. TWTR drops -0.8% in afterhours trading. Is Twitter truly a growth company if it is axing employees? Ferrari files for IPO that may value the company at $10 billion.

Google has restored some service on the file-sharing platforms but many users remain offline in an outage. GOOGL says that services should be restored this evening.

Banks and post offices are closed on Monday for the Columbus Day holiday but US markets will remain open.