Saturday, November 26, 2016

SUNDAY 11/27/16; China Profit Data; French Election

China’s industrial profit growth is up +9.8% more robust than the prior month at +7.7%. The coal mining sector reports huge profits up +113% for the first 10 months of this year compared to the prior year. Iron and steel production profits are up an astounding +310%. Manufacturing profits rise +13.2%. The data shows growth in the basic materials and 

[Text is redacted. Purchase the 2016-11 chronology to enjoy November's economic and market history.]

 to get the spread back in line with more normal and expected levels. UK gilt 1.41%. Japan 10-year yield 0.03%. Other 10-year yields are; Portugal 3.57%, Italy 2.08%, Spain 1.57%, France 0.77%. Switzerland remains negative with its 10-year yield at -0.24%.

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