Markets Mixed Ahead Of Barrage Of News As Gold Hits 6 Month High

European stocks reversed modest early losses to trade 0.8% higher, with UK’s FTSE 100 rising 1.4% as cable fluctuated ahead of today's "Plan B" Brexit vote, with S&P futures erasing early losses in Asia to trade flat, some 12 points off sessions low as markets opted for caution before three major macro events and a blizzard of big tech company earnings in the coming days.

Despite the upcoming action - a key Brexit vote in the UK , Wednesday’s Fed decision, Thursday’s conclusion of the latest Sino-U.S. trade talks and Friday's payrolls - European and Asian stocks held up relatively well, however news that the U.S had leveled charges against China’s telecom giant Huawei days before the next round of trade talks between Washington and Beijing knocked sentiment. That, however, was offset by promises of more economic stimulus from China, which had berated Washington on Monday for blocking the appointment of judges for its World Trade Organisation appeal against U.S. tariffs.

In short, markets are in limbo, waiting for new news and with the FOMC and the payroll data due later this week.

Money is fleeing into assets such as gold, seeking safety.

Indeed, as noted above it was a mixed picture across global stock markets on Tuesday, with European shares climbing, U.S. futures trimming a drop and Asian equities slipping as investors juggled concerns about the fallout from America’s trade war with China against hopes for progress in this week’s talks offset by yesterday's criminal charges against Huawei and formally seeking the extradition of its CFO. Personal goods and travel companies were among the biggest gainers in the Stoxx Europe 600 Index as most sectors turned higher following a directionless start.

Meanwhile in the US, Dow Jones, S&P 500 and Nasdaq futures all showed U.S. stocks were heading for a lackluster open especially after poor guidance by 3M and Pfizer, as focus turned to Apple’s earnings report. PG&E tumbled in pre-market trading after the U.S. utility sought bankruptcy protection with $52 billion in debt.

Markets will have more catalysts this week with over 100 of the S&P500 companies reporting results, including Amazon, Apple and Facebook. Overnight on Wall Street, the Dow and S&P 500 each closed down 0.8 percent and the Nasdaq was off more than 1 percent. The losses came after Caterpillar and Nvidia Corp joined a growing list of companies cautioning about the crippling effects of softening Chinese demand.

In Asia, shares were mixed, with losses for Australia and New Zealand, with their benchmark indices down 0.5 percent and 1.2 percent respectively. Japanese and Chinese stocks both recovered from early wobbles to finish in the green. Technology stocks underperformed after American prosecutors filed criminal charges against Huawei.

China Foreign Ministry expressed serious concern regarding US charges on Huawei and its CFO, whilst strongly urging the US to halt unreasonable suppression of Chinese companies and asked US to withdraw arrest order for Huawei's CFO.

In commodities, WTI and Brent trade 1.1% and 1.3% higher respectively. West Texas crude edged higher as the U.S. slapped a de facto ban on oil from Venezuela. Emerging-market shares and their currencies were steady. Gold rose to highest level since June.

S&P 500 futures little changed at 2,640.75

STOXX Europe 600 up 0.6% to 356.32

MXAP down 0.2% to 154.33

MXAPJ down 0.3% to 503.19

Nikkei up 0.08% to 20,664.64

Topix up 0.1% to 1,557.09

Hang Seng Index down 0.2% to 27,531.68

Shanghai Composite down 0.1% to 2,594.25

Sensex down 0.3% to 35,538.29

Australia S&P/ASX 200 down 0.5% to 5,874.17

Kospi up 0.3% to 2,183.36

German 10Y yield rose 0.5 bps to 0.21%

Euro up 0.1% to $1.1441

Italian 10Y yield rose 1.5 bps to 2.308%

Spanish 10Y yield rose 0.9 bps to 1.229%

Brent futures up 1% to $60.55/bbl

Gold spot up 0.4% to $1,308.19

U.S. Dollar Index down 0.1% to 95.67

rest at link

https://www.zerohedge.com/news/2019-01-29/markets-mixed-ahead-barrage-news-gold-hits-6-month-high

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system needs to not have a day like yesterday as the earnings coming out are not something financial press wants to focus on.

PG&E news is very bad as it pushes that into the spotlight with them continuing to push it's poor decisions into public liability.

Apple,eBay, Harley,Lockheed, Verizon plus a host of other earnings news coming. Remember that the actual results of these reports and the equity movements are two different things…see bank stocks after the news they dropped. The individual one's did poorly however the entire sector did not follow

along with each poor result reported. This is the reason for the market ramp from start of the year on shitty volume.

>>4950376

peace for you and your's sa

>>4950403

used this for years. never needed to use camera. don't live online so it can't live me. I certainly get that people need to communicate and it's a great tool to keep in touch with family members. It's never off and those apps that are pre-installed are never gone.

>>4950449

HOG Gets Slaughtered After Harley Reports Biggest Miss In Ten Years

The stock of America's iconic motorcycle maker, Harley Davidson, is in full-blown slaughter mode this morning, after the company reported dismal earnings, barely breaking even in the last quarter of a year in which HOG got caught up in President Donald Trump’s trade wars.

Harley-Davidson fell over 8% pre-market after the company reported 4Q EPS and revenue that not only missed the lowest Wall Street estimates, but were the biggest miss to consensus since 2009.

GAAP EPS was $0.000 in the fourth quarter, and 17 cents a share on a non-GAAP basis which excluded tariffs and restructuring costs (somehow excluding tariffs is now part of non-GAAP), missing analysts’ average estimate for 29 cents (range of 19c to 42c) while revenue was only $955.6 million, far below the consensus estimate $1.05 billion (range $1 billion to $1.10 billion, while 4Q gross margin 27.6% was modestly better than the estimated 27.5%.

The company also reported 4Q motorcycle shipments of 43,489, down 7.9%, which fell well short of the company’s forecast given in Oct. for total shipments of 45,800-50,800. This even though the company said it finished the year with 52,000 more Harley- Davidson riders than one year ago.

Some more highlights courtesy of Bloomberg:

U.S. retail sales tumbled 10 percent in the three months ended in December, the eighth consecutive quarterly drop. Harley is struggling to attract younger riders and is looking to offset that by offering cheaper bikes and selling clothing and gear, including on Amazon, to reach new customers.

Sales in Europe and Asia also fell, and worldwide deliveries dropped 6.7 percent. CEO Matt Levatich unveiled a turnaround plan in July that calls for 50 percent of revenue to come from outside the U.S. by 2027. He’s introducing as many as five electric models, including lightweight, urban bikes to target growth in Europe and India.

Harley said in June it would move some U.S. production overseas to sidestep EU tariffs that jumped to 31 percent from 6 percent, sparking the ire of Trump, who said he’d back a boycott of the company’s bikes.

Analysts think demand for Harley’s new electric motorcycle, LiveWire, will be limited because of its $29,799 price tag. Its cheapest bike starts at $8,699.

It wasn't just HOG: shares of peer Polaris Industries also come under pressure today after providing a 2019 adj. EPS forecast of $6.00-$6.25, which trailed street estimate $6.95. The maker of off-road vehicle and Indian motorcycles said the 2019 view includes the combined negative impact from external factors including the annualized impact of tariffs, adverse foreign exchange impact and higher interest rates of about $1.50 per share.

Looking ahead, HOG sees 1Q motorcycle shipments 53,000 to 58,000 and full year motorcycle shipments 217,000 to 222,000, although we expect these numbers to be also revised lower in coming months.

As a result of another abysmal quarter, Harley shares plunged 8.2% to $33.60 as of 7:06 a.m., extending a drop from a dismal year, which saw the stock plunge 33% in 2018 and touched an eight-year low on Dec. 24.

HOG

33.50 -3.10 (-8.47%)

Pre-Market: 8:00AM EST

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here it comes!

got this one out earlier than usual.

busy day coming…

https://www.zerohedge.com/news/2019-01-29/hog-gets-slaughtered-after-harley-reports-biggest-miss-ten-years

>>4950497

ty for info. Was aware of the root method but since I have so little in it it's not a problem. when the san berdo shooting happened i had to 'show' these stupid idiots at the park i was at your deleted files are not truly gone. they were blabbering on about just throwing them away…that shut them up good.

>>4950522

fire sale! love cycles but like idea of staying alive better. Mostly because of the inattention of ca drivers.

I'm not entirely sure but I think Buffet still has a sizable equity stake in them. He was given a huge chunk of warrants via goldman in 2008 and he sold them for a hefty profit. had a short on them and the minute that was announced i dumped. Glad I did.

This si going to get carpet bombed when normal trading opens.

Pre market is very thin and can be used to mask true intent. You also have to have an exact match of your price and lot size.

It's very controlled.

you can't just put a market order(open fill at any price) in for 100 shares of HOG at any price..you have to look at the order book and decide you want a particular block at the price it is offered.

Harley-Davidson, Inc. (HOG)

pre-market trade 8:13AM EST

33.01 -3.59 (-9.81%)

>>4950612

>>4950661

when you look out west I'll be there.

my comp is so patched up it can barely handle ADS let alone this at same time. very familiar with bay area on down. got your 6 if needed.

>>4950681

will do what i can however markets will be all over the place so main focus is that. Had much fun pf'ing until that got really busy in early october.

o7

https://www.secform4.com/UTHR

Japan's economy likely in longest postwar expansion phase, government says, as risks loom

apan’s economy is likely experiencing its longest expansion phase since the end of World War II amid solid domestic demand and a tightening labor market, the government said Tuesday.

But in the same economic report for January, the Cabinet Office, which helps coordinate government policy, cut its monthly assessment of exports for the first time in three months due to the trade war between the United States and China in a warning that the fallout is spreading to Japan.

The Japanese economy is thought to have counted its 74th consecutive month of improvement since December 2012 under Prime Minister Shinzo Abe, though there is persistent criticism that consumers have yet to feel the benefits as wage gains remain tepid.

In the report, the Cabinet Office kept its headline assessment that the economy is “recovering at a moderate pace.”

Toshimitsu Motegi, minister for economic and fiscal policy, told a Cabinet meeting the economy has likely surpassed the previous longest expansion between February 2002 and February 2008, also known as the Izanami Boom, named after a goddess in Japanese mythology.

In roughly a year from now after conducting a comprehensive review of more data, a government panel will formally decide whether the boom has indeed extended the record.

Robust exports and business investment have been the main drivers of growth under Abe’s economic policies focusing on drastic monetary easing and fiscal spending.

His Liberal Democratic Party will seek to tout the success of Abenomics ahead of local elections in April and Upper House elections in the summer.

But gross domestic product has grown a real 1.2 percent on average during the current expansionary phase, lower than the 1.6 percent during the previous boom. Private consumption remains on a weak note as wage increases remain slow despite companies chalking up record profits.

Motegi, who belongs to the LDP, was quick to point out that the economy had added 3.75 million jobs in that time, nearly four times as many as during the Izanami Boom and approaching that of the asset bubble economy of the late 1980s and early ’90s.

The government will implement measures to “extend the current expansion and make the benefits felt more strongly,” he said.

Despite the record-setting implications, the Cabinet Office report was somewhat downbeat on the economy, saying exports are “in a weak tone” as demand from Asia for technology products waned.

It also warned of risks abroad including heightened trade tensions between the United States and China and a slowdown in the Chinese economy.

“We need to keep in mind that there is uncertainty about how trade disputes and China’s economic outlook will affect the global economy,” the report said.

Japan’s exports in December fell 3.8 percent from a year earlier, its sharpest year-on-year decline since October 2016, dragged by plummeting shipments to China. Exports account for around 17 percent of the country’s GDP.

In addition to the U.S.-China trade row, Japanese policymakers are wary of Britain’s departure from the European Union and the risk of a sudden spike in the yen.

The office maintained its assessments of other key elements of the economy, saying private consumption is “picking up” and business investment is “increasing.”

But it also said that inflation is “flat,” a more dovish reading than in December when it said it had been “rising at a slower tempo.”

Year-on-year gains in core consumer prices, excluding volatile fresh food items, have slowed to 0.7 percent despite the Bank of Japan’s efforts to hit 2 percent inflation.

Dollar weakens to around ¥109.20 in Tokyo

The dollar traded on a weak note around ¥109.20 in Tokyo on Tuesday as investors continued to refrain from active trading ahead of key events this week. At 5 p.m., the dollar stood …

Tokyo stocks erase early losses to end higher Stocks wiped out early losses to close marginally higher Tuesday, partly supported by speculation that the Bank of Japan moved to buy exchange-traded funds. The Nikkei 225 average edged up 15.64…

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Same problem there..unlimited printing to support growth for growth's sake.

The yen carry trade has supported the west for a very long time.

https://www.japantimes.co.jp/news/2019/01/29/business/economy-business/japans-economy-likely-longest-postwar-expansion-phase-government-says/

>>4950814

concur with the answer you have. Also.. small but devout christian population had some bearing on this.

>>4950853

>>4950908

they screwed themselves didn't they…

surprised they waited so long to off-shore it all.

>>4950857