dChan
Anonymous ID: cebf24 Feb. 25, 2019, 1:27 p.m. No.5381137   🗄️.is đź”—kun   >>1149

China Deal Panic-Bid Fails As "Sell The News" Sends US Stocks To Low-Of-Day

 

Chinese markets went to '11' overnight after positive tweets and headlines from both parties in the US-China trade talks (which were also talked back numerous other times). SHCOMP exploded 5.6%

 

The biggest jump in 5 years as margin balances surge once again

 

All major European markets extended gains on the back of China's exuberance, led by Italy, but UK's FTSE slipped to almost unch by the close.

 

US Futures opened excitedly amid trade hope but faded all daya long despite the best efforts of Trump et al. to jawbone stocks higher.

 

Trannies and Small Caps tumbled into the red in the last few minutes as the early-day gains evaporated across the market.

 

2800 was the level to watch for the S&P 500 and Trump did his best to tweet and keep the market above it…but it failed and close at LoD

 

Rest at link and graphic/chart intensive

https://www.zerohedge.com/news/2019-02-25/trump-tweets-save-stocks-batters-black-gold

 

https://www.dailyfx.com/crude-oil

 

https://www.kitco.com/charts/livegold.html

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Never mentions volume ever

Anonymous ID: cebf24 Feb. 25, 2019, 1:34 p.m. No.5381244   🗄️.is đź”—kun

PM adviser: OK for BOJ to abandon price goal

 

TOKYO (Reuters) — The Bank of Japan can abandon its 2 percent inflation target or suspend efforts to achieve it once the job market is tight enough because the public is better off having prices fall, not rise, an economic adviser to Prime Minister Shinzo Abe said.

 

While inflation is stuck near 1 percent, the BOJ’s ultra-loose monetary policy is going well as it created jobs and boosted wages for temporary workers, said Koichi Hamada, who is considered as among the key architects of the premier’s “Abenomics” stimulus policies.

 

“Prices don’t need to rise much. From the perspective of people’s livelihoods, what’s more desirable is for prices to fall, not rise,” Hamada told Reuters on Friday.

 

On the BOJ’s elusive 2 percent inflation target, Hamada said “I think it can be abandoned. It isn’t absolutely crucial.” He added that the “appropriate target level of inflation can be decided by the central bank.”

 

The remarks highlight the shift in public sentiment towards the BOJ’s radical monetary experiment begun by Governor Haruhiko Kuroda in 2013 as among the three pillars of Abenomics.

 

At the start, Kuroda pledged to achieve 2 percent inflation in roughly two years with a huge dose of monetary stimulus to end two decades of grinding deflation and economic stagnation.

 

http://the-japan-news.com/news/article/0005567107