tybs
Global Markets Flatline Ahead Of He-Trump Meeting, US Jobs Report
(oil trade suggests this will drop a little on open-after that tread water until 2pm est)
One day after a global "trade optimism"-inspired rally fizzled at the closing minute of US cash trading, European and Asian shares eased back from eight-month highs while bonds, the dollar and gold rallied as investors took money off the table amid, what else, "fresh concerns" about U.S.-China trade talks while dismal data from Germany signaled trouble for Europe as investors awaited further news from U.S.-China trade negotiations and tomorrow's US jobs report.
US index futures were flat, while Asian markets and Europe's Stoxx 600 index fell, led by declines in oil companies and miners.
The biggest economic news of the day was Germany’s latest industrial orders which tumbled at the fastest rate in over five years in February, driven largely by a collapse in foreign demand.
(cap 2)
It's no wonder this is going on since start of the year
Deutsche Bank and Commerzbank go public on merger talks
https://www.marketwatch.com/story/deutsche-bank-commerzbank-end-rumors-announce-merger-talks-2019-03-17
The report compounded fears that Europe’s largest economy, which yesterday slashed its GDP forecast by more than half from 1.9% to 0.8%, has had a feeble start to the year and left the euro stuck at $1.12, sent German Bund yields back below zero in the bond market and ended a four-day run of gains for share traders. Elsewhere, Italian shares and bonds also dropped after Bloomberg reported the country is set to slash this year’s growth forecast and raise the projected budget deficit.
In key company-related news, in the preliminary Ethiopian crash report of the Boeing 737 MAX, anti-stall software is not explicitly mentioned; Chief investigator says they cannot yet say if there is a structural problem with Max 8's. Meanwhile, Tesla is tumbling after the company's Q1 vehicle deliveries tumbled and missed badly, with just 63.0k deliveries vs. 90.7k previously.
Analysts pointed to investor fatigue (as if there are any retail people actually trading much anymoar and if they are they were tired long ago) and a lack of fresh headlines on the Sino-U.S. trade talks for Thursday’s sell-off while disappointing U.S. economic data this week also weighed on sentiment. “We are expecting quite a constructive agreement between the U.S. and China when it comes to trade,” said Alliance Bernstein China Portfolio Manager John Lin. He added it was probably now a consensus view among major investors and if it proved right, would raise other questions such as whether China’s government would “keep its foot on the (stimulus) pedal or ease off a bit.”
At 2pm all eyes will be on the White House, where President Trump will meet Chinese Vice Premier Liu He as trade deal negotiations enter what could be the final stages.
Top Asian News
India Central Bank Cuts Interest Rate to Boost Flagging Economy
Bank Indonesia Chief Says Rate Is on Hold Amid Global Risks
China Willing to Work With U.S. on Agreement Reached by Leaders
Japan Post Insurance to Sell $3.7 Billion Shares in Global Deal
Top European News
Commerzbank Shares Rise on Report of Possible UniCredit Offer
ICG Said to Near $1.2 Billion Deal for Italy’s Doc Generici
German Institutes Slash 2019 Growth Forecast by More Than Half
Miners Fall as Iron Ore Rally Pauses on Anglo and GS Warnings
rest at link(s)
https://www.zerohedge.com/news/2019-04-04/global-markets-flatline-ahead-he-trump-meeting-us-jobs-report
https://www.bloomberg.com/markets/stocks/futures
https://www.dailyfx.com/crude-oil
U.S. weekly jobless claims fall to lowest level since 1969
WASHINGTON (Reuters) - The number of Americans filing applications for unemployment benefits fell to a more than 49-year low last week, pointing to sustained labor market strength despite slowing economic growth.
Other data on Thursday showed U.S.-based companies announced fewer layoffs in March, but job cuts for the first quarter were the highest since 2015. The economy is losing momentum as the stimulus from a $1.5 trillion tax cut package fades
Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 202,000 for the week ended March 30, the lowest level since early December 1969, the Labor Department said. Data for the prior week was revised to show 1,000 more applications received than previously reported.
Economists polled by Reuters had forecast claims rising to 216,000 in the latest week. The Labor Department said only claims for California were estimated.
The claims data has shown no significant pickup in layoffs and there have been reports of companies reluctant to let go of workers amid a growing shortage of skilled labor. The scarcity of workers contributed to a recent slowdown in hiring.
Job growth has slowed from last year’s roughly 225,000 monthly average pace. The pace of increase, however, remains more than sufficient to keep up with growth in the working age population, holding down the unemployment rate.
U.S. Treasuries prices pared gains after the data, while the dollar was little changed against a basket of currencies.
The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 4,000 to 213,500 last week, the lowest level since early October 2018.
The claims data has no bearing on March’s employment report, which is scheduled for release on Friday. According to a Reuters survey of economists, nonfarm payrolls likely increased by 180,000 jobs last month after a meager 20,000 in February, which was seen as pay-back after robust gains in the prior two months.
The unemployment rate is forecast unchanged at 3.8 percent.
https://www.reuters.com/article/us-usa-economy-idUSKCN1RG1HN
TSLA already over it's daily average volume
by almost 1m shares at present
This will not be allowed to drop to -10% for very long. Lest they have to use the NYSE/NASDAQ rules that would shut it off-for a period of time. These 'rules' have to do with how big a % drop it is and how long it spends there. Look it up if you have any questions.
https://finance.yahoo.com/quote/TSLA?p=TSLA&.tsrc=fin-srch
meanwhile they neglect the homeless citizens that are all over downtown whilst opening up center's for 'seekers'.
fucking 'tards who run it. Mayor is a fucking joke-who thought he was going to be Ca.'s gov.- and so is Fletcher.
STFU Joe
she is really good have heard her stuff for a while