tybs
Future's rise *(edit)Ahead Of Wednesday's Data Deluge
One day after the equity rally sputtered following Trump's threat to impose new tariffs against the EU, global stocks are once again green across the board even as a barrage of critical economic, political and central bank events - including the ECB's rate decision, the FOMC minutes, the Brexit-related EU Council meeting and US CPI data - is on deck and earnings season is set to begin in two days. Stocks in Europe rose, Asia was mixed, while US equity futures jumped to session highs, while Treasuries were mixed and the dollar dipped.
Europe's Stoxx 600 index rose for the first time in three days, led by miners and oil companies, while Emini futs edged 8 points higher and just 10 points away from 2,900 as investors ignored the Trump administration’s threat of new tariffs on European goods and the IMF’s worst growth forecasts since the financial crisis. Network International shares surged in London after the payments processor raised 1.1 billion pounds ($1.4 billion) in Europe’s biggest IPO this year.
Earlier in the session, MSCI’s index of Asia-Pacific shares ex-Japan dropped 0.1%, a day after rising to its highest since Aug. 1, as shares fell in Japan and Hong Hong Kong earlier, while Chinese and Korean equities rose. Ten-year Treasury yields were stuck at 2.5%, but its yields in China that grabbed attention again, as China’s 10-year sovereign bond yield rose 3bps to 3.33%, the highest level since Dec. 24.
Elsewhere, global debt yields held mostly steady, with the 10-year German Bund yield little changed around the zero percent mark. As a reminder, overnight Saudi Aramco sold $12 billion in debt with its first international bond issue after getting more than $100 billion in orders. It was a record-breaking vote of confidence by investors despite the murder of Saudi journalist Jamal Khashoggi in October.
ECB Keeps Policy Unchanged, No Change To Rates "Through End Of 2019", No Mention Of Tiering Yet
(they will not mention this openly as it keeps costs down for them while still being able to push out moar debt)
https://www.zerohedge.com/news/2019-04-10/ecb-keeps-policy-unchanged-no-change-rates-through-end-2019
S&P 500 futures up 0.3% to 2,890.50
STOXX Europe 600 up 0.2% to 386.51
MXAP down 0.2% to 163.14
MXAPJ up 0.1% to 544.21
Nikkei down 0.5% to 21,687.57
Topix down 0.7% to 1,607.66
Hang Seng Index down 0.1% to 30,119.56
Shanghai Composite up 0.07% to 3,241.93
Sensex down 0.5% to 38,737.95
Australia S&P/ASX 200 up 0.03% to
German 10Y yield rose 0.4 bps to -0.006%
Euro up 0.04% to $1.1268
Italian 10Y yield fell 6.0 bps to 2.072%
Spanish 10Y yield fell 0.9 bps to 1.066%
Brent futures up 0.4% to $70.91/bbl
Gold spot little changed at $1,304.50
U.S. Dollar Index little changed at 96.98
US Event Calendar-Data Dump
(of course the futures are up in front of all of this data being dropped-Fed minuted will just be whatever they want us to hear)
7am: MBA Mortgage Applications, prior 18.6%
8:30am: US CPI MoM, est. 0.37%, prior 0.2%; CPI Ex Food
and Energy MoM, est. 0.2%, prior 0.1%
US CPI YoY, est. 1.8%, prior 1.5%; CPI Ex Food and
Energy YoY, est. 2.1%, prior 2.1%
Real Avg Hourly Earning YoY, prior 1.9%; Real Avg
Weekly Earnings YoY, prior 1.58%
2pm: FOMC Meeting Minutes
2pm: Monthly Budget Statement, est. $181.0b deficit, prior
$208.7b deficit
https://www.zerohedge.com/news/2019-04-10/stocks-bounce-ahead-wednesdays-data-deluge
https://www.bloomberg.com/markets/stocks/futures
https://www.dailyfx.com/crude-oil
stand by op. His business imo
https://www.secform4.com
your opinion and entitled to it. People have different views on this. Forcing your beliefs on anyone is a bit problematic and part of this problem we have now…No?
> And credibility and integrity matters in his office.
perhaps this is part of the optics regarding JQ.
would not surprise me if it was.
like before. same to you asshole. child-care for you.
the problem with any of this is that it has always relied on 'official' number's. That aside What it is actually saying is that gold is attempting to be revalued to a moar fair price. The FRB has always valued it well below it's actual price.
See this:
>Gold held "under earmark" at Federal Reserve Banks for foreign and international accounts is not included in the gold stock of the United States; see table 3.13, line 3. Gold stock is valued at $42.22 per fine troy ounce.
https://www.federalreserve.gov/data/intlsumm/current.htm
There is much in lingo here regarding what could/could not habben. But the last paragraph sums it up better
>Because from the autumn the financial flood in the world economy will begin. It will entail the acceleration of Russia and China’s isolation from the dollar system and the crash of the economies that completely depend on the dollar – the vassal countries of the US. It will be worst of all for them. And this means that the reasons for increased distancing between the EU and the US will increase in number manyfold.
A redrawing of the map of global unions awaits the world.
For moar info look at the Brettton Woods agreement and the language used in that as well.
sorry anon I think you are too militant about this. Go outside and get some fresh air…you need it.
the tell would be if there are delays in delivery-specifically if after you order it you need to wait day's or week's to receive.. This habbened during the last run-up that began shortly after the '08 crash. Upwards of 6 week delays to receive after ordering was not uncommon-it also depends on who you buy it from but I experienced these delays so they were very real. Caveat-was from a large dealer
Rising gasoline, rents boost U.S. consumer prices in March
WASHINGTON (Reuters) - U.S. consumer prices increased by the most in 14 months in March, but underlying inflation remained benign against the backdrop of slowing domestic and global economic growth.
The tame inflation environment and moderating economic activity support the Federal Reserve’s decision last month to suspend its three-year campaign to raise interest rates. The U.S. central bank dropped projections for any rate hikes this year after lifting borrowing costs four times in 2018.
The Labor Department said on Wednesday its Consumer Price Index rose 0.4 percent, boosted by increases in the costs of food, gasoline and rents. That was the biggest advance since January 2018 and followed a 0.2 percent gain in February.
In the 12 months through March, the CPI increased 1.9 percent. The CPI gained 1.5 percent in February, which was the smallest rise since September 2016. Economists polled by Reuters had forecast the CPI climbing 0.3 percent in March and accelerating 1.8 percent year-on-year.
Excluding the volatile food and energy components, the CPI nudged up 0.1 percent, matching February’s gain. In the 12 months through March, the core CPI increased 2.0 percent, the smallest advance since February 2018. The core CPI rose 2.1 percent year-on-year in February.
The Fed, which has a 2 percent inflation target, tracks a different measure, the core personal consumption expenditures (PCE) price index, for monetary policy.
The core PCE price index increased 1.8 percent on a year-on-year basis in January after a rising 2.0 percent in December. It hit the Fed’s 2 percent inflation target in March last year for the first time since April 2012.
The dollar was little changed against a basket of currencies after the CPI data, while U.S. Treasury prices rose slightly. U.S. stock index futures were trading higher.
Inflation has remained muted, with wage growth increasing moderately despite tightening labor market conditions. In a statement accompanying last month’s interest rate decision, the central bank described inflation as having “declined” on an annual basis “as a result of lower energy prices.”
FOOD MORE EXPENSIVE
The Fed also noted that survey-based measures of longer-term inflation expectations were little changed. Minutes of the March 19-20 policy meeting are due to be published later on Wednesday and will be scrutinized for more details on policymakers’ views on inflation.
The February and March PCE price data will be released on April 29. The February data was delayed by a 35-day partial shutdown of the federal government that ended on Jan. 25.
Energy prices jumped 3.5 percent in March, accounting for about 60 percent of the increase in the CPI last month, after gaining 0.4 percent in February. Gasoline prices surged 6.5 percent, the biggest gain since September 2017, after rising 1.5 percent in February.
https://www.reuters.com/article/us-usa-economy-idUSKCN1RM1JW
it wasn't a theory back then it actually habbened. It also may be due to size of order and other factor's. We don't have rising prices like back then. It was so chaotic I actually rec'd an order from another person. Was addressed to me but inside was invoice and order from another person.
Be interdasting to see what you experience.
the PPI and CPI number's are not a good way to do this-those need a complete overhaul to reflect actuality's. But yes I see your point. Still paying $3-4/gl in 'sunny' ca. Taxes and the bullshit with winter/summer 'blend' among the factors.