IN THE OVERNIGHT 4 OCTOBER
Asia RED …Europe GREEN TOP STORIES OVERNIGHT Bond Selloff Upends Markets as Long-Term Borrowing Costs Surge-BBG A selloff in global bond markets gathered pace, driving long-term borrowing costs in the US and Europe to the highest level in more than a decade, quashing appetite for riskier assets and dimming the outlook for growth. Traders are […]
IN THE OVERNIGHT 3 OCTOBER
Pretty RED out there TOP STORIES OVERNIGHT Stock market today: Asian markets sink, with Hong Kong down 3% on heavy selling of property stocks-AP Asian markets declined Tuesday following a mixed session on Wall Street, where buying was pressured by rising bond yields. Hong Kong’s Hang Seng dropped more than 3% as investors unloaded property […]
WEEKEND PREP 1 OCTOBER
SEPTEMBER HAZE..FOURTH QUARTER RAISE? September is over, traditionally one of the worst months in terms of stock market performance. Fourth quarter historically has seen positive returns particularly after third quarter declines….will this year follow?? Via Edward Jones September swoon: stocks declined in September for the fourth straight year: September was a lousy month, with the […]
IN THE OVERNIGHT 29 SEPTEMBER
Pretty GREEN out there China’s Economy Improves in September, Satellite Data Show-BBG China’s economy showed signs of a stronger recovery in September, according to several early indicators and a firm analyzing the global economy using satellite data. Activity around Chinese shopping malls remained at relatively high levels in September following an increase in August, according to SpaceKnow, […]
IN THE OVERNIGHT 28 SEPTEMBER
Pretty RED out there TOP STORIES OVERNIGHT JPMorgan ‘Options Whale’ Worries Resurface as Stocks Extend Drop-BBG The strike price of the JHEQX puts is 4,210. The $16 billion JPMorgan Hedged Equity Fund (JHEQX), a long-stock product that uses derivatives to protect its portfolio from declines and volatility, holds tens of thousands of protective put contracts […]
IN THE OVERNIGHT 27 SEPTEMBER
Asia GREEN…Europe Mixed TOP STORIES OVERNIGHT German Labor Market Shows Signs of Cracking as Economy Struggles-BBG German companies are thinking twice about hiring staff amid an increasingly uncertain economic environment, according to a study by the Ifo Institute. A gauge measuring firms’ willingness to take on employees fell to its lowest level since February 2021 this […]
IN THE OVERNIGHT 26 SEPTEMBER
Pretty RED out there TOP STORIES OVERNIGHT China Evergrande Misses Payments on $547 Million Onshore Bond-BBG The mainland unit of China Evergrande Group said it missed principal and interest payments totaling several billion yuan, adding further uncertainty to the fate of the giant developer at the center of the country’s property crisis. Hengda Real Estate Group failed […]
WEEKEND PREP 24 SEPTEMBER
Last week was all about Fed/FOMC (if you missed last weeks PYT twitter spaces before the decision you can catch the replay HERE it is well worth your time ) Federal Reserve paused (as the market suspected) The surprise (?) was the hawkishness of the tone Per Edward Jones: The Fed New Dot Plot COMMENTS:Powell literally […]
IN THE OVERNIGHT 22 SEPTEMBER
Mixed markets in Asia…Europe RED TOP STORIES OVERNIGHT Weak Euro-Area PMI Data Suggest Economy Facing Contraction-BBG Private-sector activity in the euro area has continued to shrink in September, suggesting the economy contracted in the current quarter. An index based on surveys of purchasing managers by S&P Global showed a fourth consecutive month of falling output, hitting 47.1. […]
IN THE OVERNIGHT 21 SEPT
SEA OF RED TOP STORIES OVERNIGHT China Stocks Slide to 10-Month Low as Growth Pessimism Persists-BBG Chinese stocks extended their poor run on Thursday, pushing a key gauge to its lowest since November, as an exodus of foreign funds continued amid persistent concerns about the economy. The MSCI China Index dropped as much as 1.6%, on track for a […]