Monday, January 2, 2017

TUESDAY 1/3/17; Asia Economic Data; PMI Mfg Indexes; Natural Gas Crashes -11%; FTSE Prints Record High Above 7200; Turkish Lira Record Low 3.60; WTIC Oil Rallies Above 55; Brent Oil Above 58; ISM Mfg Index; Dow 20K Watch; Oil Collapses

Japan, New Zealand and Thailand stock markets remain closed today. US stocks and bonds will resume trading. At 10 AM Sydney time (6 PM EST Monday evening), the ASX 200 gains +0.1%. ANZ Bank rallies +1.5% on news of selling off its Shanghai unit (to unlock value and shore up the balance sheet). Aussie miners are strong but the gold miners are soggy. Iron ore is down -2%. Aussie dollar 0.7198.

[Text is redacted. Purchase the 2017-01 chronology to enjoy January's economic and market history including Dow 20K and SPX 2.3K.]

REGN sinks -2.4% on news that Regeneron loses a patent battle with Amgen. AMGN +0.9%. GILD trades marginally lower after executive changes are announced.

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