Global Stocks Slide Ahead Of Crazy Week; Iron Ore Soars

US Futures cap

It's a sea of red in global equity markets as Friday's euphoria fizzled after President Donald Trump made clear he won’t take no for an answer in his effort to construct a border wall while investors are hunkering down ahead of an action-packed week which includes the UK Parliament's Brexit "Plan B" vote, a Fed meeting, a new round of US-China trade talks, the deadline for the Huawei CFO extradition notice, a potential Venezuela showdown, January US payrolls report and the busiest week of earnings season.

While stocks jumped on Friday after Trump "caved" and agreed to reopen the government, the party moody was dented after Trump tweeted "Does anybody really think I won’t build the WALL?” late on Sunday as the committee of lawmakers crafting a plan for the southern U.S. border is expected to start meeting this week. On Sunday, Trump told the WSJ he'll get the funding even if he has to use emergency powers while Trump's acting chief of staff said he's prepared to shutter the government again or declare an emergency if needed to get the wall money.

The dollar was flat as were 10Y TSY yields, while iron ore prices soared following a deadly dam collapse at a mine in Brazil which killed at least 58 people in a huge blow to Brazil mining giant Vale, the world’s biggest producer iron ore, which announced overnight it would suspend its dividend as it shores up liquidity ahead of what could be a crushing legal penalty.

Asian markets started off the week mixed, as bourses in Shanghai, Hong Kong, Tokyo and Seoul all losing ground: Japanese shares retreated along Chinese peers due to trade tensions, while stocks in Hong Kong pared gains to close little changed. The yuan appreciated to its strongest against the dollar since July, the CNH rising some 400 pips tracking the weaker dollar, before Vice Premier Liu He’s trip to Washington for trade talks, and as the People’s Bank of China freed up a potential $37 billion for bank lending and a new chief was named to lead the country’s main securities regulator.

Overnight concerns about China's slowing economy re-emerged after earnings at China’s industrial firms shrank for the second straight month, suggesting trouble ahead for manufacturers struggling with falling orders, job layoffs and factory closures amid a protracted trade war with the United States.

Investors** are now waiting for Chinese Vice Premier Liu He’s visit to the United States on Jan. 30-31, for the next round of trade negotiations with Washington.

_________

** The mythical investors….i.e. algo driven hedge-funds.

This term is always thrown around as if you and I are sitting and waiting for these events. Similar to the Mrs Watanabe use for treasury note buying.

Treasury auctions ramp up this week as well. Cap 2

FOMC meeting, earnings continue with tech heavy issues on tuesday,

BUSY week

https://www.zerohedge.com/news/2019-01-28/global-stocks-slide-ahead-crazy-week-iron-ore-soars

>>4938019

all the time

Apple's earnings come out tuesday. Recall the lowered guidance issued on Jan 2nd. Cap is the insider activity over prior months.

They have been much smarter about selling as the FB example shows the absolute stupidity and hubris of that company.

>>4938030

>>4938080

notable

>>4938138

happens all the time. subway sandwich anon was the funniest imo. As long as the info is seen..that is what is important. comped baker waited 2 hours to post the russian bomber story and by then it was over.

>>4938133

closest he will ever get

>>4938188

In annual policy speech, Abe omits passage on ties with South Korea

Breaking with precedent, Prime Minister Shinzo Abe on Monday removed from his annual policy speech a paragraph outlining his vision for Japan’s ties with South Korea, in a possible reflection of the neighbors’ increasingly tumultuous relationship.

On the day that marked the opening of this year’s 150-day regular Diet session, Abe delivered his seventh policy speech since his return to power in December 2012. In the speech Abe afforded South Korea only a passing reference, as he stressed the importance of “closely coordinating with the international community, in particular Washington and Seoul,” to deal with nuclear-armed North Korea.

The speech — delivered each year at the start of the ordinary Diet session — was a departure from previous policy addresses that have seen Abe dedicate a whole paragraph detailing his desire to promote what he had often called “future-oriented” relations with Seoul.

The intention behind the omission was unclear, but Abe’s speech came on the heels of surging tensions between Tokyo and Seoul.

Late last year, South Korea’s Supreme Court ruled that several Japanese companies must compensate South Koreans over wartime forced labor, sparking stern protest from Japanese officials. Tokyo also said earlier this month that it would discontinue working-level talks with Seoul over the flare-up of a so-called “radar lock-on” spat, after both sides failed to reconcile amid weeks of recriminations.

To be sure, Abe’s shifting rhetoric on South Korea was already evident in his speech last January, when he jettisoned the conventional description of the country as Japan’s “most important” neighbor.

At the time, Abe’s administration had been furious over South Korea’s sudden demand for an apology over wartime “comfort women” — a euphemism used to refer to women who provided sex, including those who did so against their will, for Japanese troops before and during World War II.

Tokyo saw the move as Seoul’s effective desertion of a 2015 bilateral agreement that had been said to resolve the long-standing issue “finally and irreversibly.”

As part of his push to “settle Japan’s post-war diplomacy” conundrum, Abe’s speech also saw him reiterate an eagerness to “accelerate” talks with Russia to solve a territorial dispute that has festered since the end of World War II and sign a formal peace treaty.

https://www.japantimes.co.jp/news/2019/01/28/national/politics-diplomacy/annual-policy-speech-abe-omits-passage-ties-south-korea/

>>4938239

>>4938270

nice try

>>4938273

>>4919804 pb

sure it is

suck it bitch

over 2hours in fact

The need to heard 'investors' into treasury's by dropping the yields they offer is driving this.

>>4938353

o7