Anonymous ID: 287529 April 11, 2019, 4:59 a.m. No.6133980   🗄️.is đź”—kun

S&P Futures Flirt With 2,900 Despite Barrage Of Central Bank Warnings

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(and the big six bank's start pushing out there Qtrtly reports starting tomorrow-no coincidences mkts at close to record levels)

 

With "super Wednesday" - which was a huge dud in terms of actual data surprises - now in the rearview mirror, and with just one day to go until the official launch of Q1 earnings season which is widely expected to be the worst once since 2016, stocks have continued their merry overnight levitation, with S&P briefly flirting with 2,900 before easing back modestly.

European stocks rebounded from earlier losses while Asian markets slumped after cautious European and U.S. central banks reinforced investors’ worries about the slowing global economy and trade protectionism which however did not prevent Treasuries to get sold off modestly while the dollar pushed higher.

n Wednesday, the ECB kept its loose policy stance and warned that threats to global economic growth remained. The ECB has already pushed back its first post-crisis interest rate hike, and President Mario Draghi raised the prospect of more support for the struggling euro zone economy if its slowdown persisted.

 

Earlier in Asia, the MSCI index of Asia-Pacific shares outside Japan slipped 0.4% after four straight days of gains took it to the highest since last August. Japan’s Nikkei reversed early losses to end 0.1 percent higher. China's blue-chip CSI300 index dropped 1.7% while Hong Kong’s Hang Seng index stumbled 0.7%. Australian shares also lost ground, pressured by political uncertainty after the prime minister called a national election for May 18.

 

Emerging-market stocks were set to end their longest rising streak in more than a year as concern over the global economy dented investor sentiment. Currencies steadied near the strongest level in a month. MSCI index of developing-nation equities followed declines across stock markets, on track to end a 10-day rally that had added 5% to the gauge. Currencies were mixed, ranging from declines for the Turkish lira and the South African rand to gains for the Indian rupee and the Philippine peso.

Wednesday data showed U.S. consumer prices increased by the most in 14 months in March but underlying inflation remained benign against a backdrop of slowing global economic growth. At the same time, minutes from a March 19-20 meeting of Federal Reserve policymakers showed they agreed to be patient about any changes to interest rate policy as they saw the U.S. economy weathering a global slowdown without a recession in the next few years.

Market Snapshot:

 

S&P 500 futures little changed at 2,894.75

STOXX Europe 600 down 0.3% to 385.57

MXAP down 0.5% to 162.43

MXAPJ down 0.6% to 540.79

Nikkei up 0.1% to 21,711.38

Topix down 0.07% to 1,606.52

Hang Seng Index down 0.9% to 29,839.45

Shanghai Composite down 1.6% to

3,189.96

Sensex down 0.2% to 38,516.12

Australia S&P/ASX 200 down 0.4% to

6,198.67

Kospi unchanged at 2,224.44

German 10Y yield rose 0.2 bps to -0.024%

Euro up 0.04% to $1.1279

Italian 10Y yield fell 1.3 bps to 2.059%

Spanish 10Y yield fell 1.7 bps to 1.027%

Brent futures down 0.5% to $71.36/bbl

Gold spot down 0.3% to $1,304.10

U.S. Dollar Index little changed at 96.91

 

US Event Calendar(Lots of data coming today)

 

8:30am: PPI Final Demand MoM, est. 0.3%,

prior 0.1%;

PPI Ex Food and Energy MoM, est. 0.2%,

prior 0.1%;

PPI Ex Food and Energy YoY, est. 2.4%,

prior 2.5%

PPI Ex Food, Energy, Trade YoY, prior

2.3%

8:30am: Initial Jobless Claims, est. 210,000,

prior 202,000; Continuing Claims, est.

1.74m, prior 1.72m

9:30am: Fed’s Clarida Speaks at Annual IIF

Meeting in Washington

9:35am: New York Fed’s Williams Speaks in

New York

9:40am: Fed’s Bullard Speaks on Economy

and Monetary Policy

2pm: Fed’s Kashkari to Hold Q&A Via

Twitter-This guy is such a joke, was number

2 at SigTarp and did NOTHING

4pm: Fed’s Bowman Speaks on Community

Banking

To the day ahead now, where this morning we’ve got final March CPI revisions for Germany and France (no change from the flash estimates expected). This afternoon there’s more inflation data in the US to digest with the March PPI report where the consensus is for a +0.2% mom core reading.

(no coincidence that Oil comes off it's recent high just after the Aramco Bond issue got pushed out the door-good luck to those who bought that manipulated POS- also the US Tnote is slowly closing that gap on that fourth cap)

 

rest at link(s)

https://www.zerohedge.com/news/2019-04-11/sp-futures-flirt-2900-despite-barrage-central-bank-warnings

https://www.bloomberg.com/markets/stocks/futures

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

https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx

Anonymous ID: 287529 April 11, 2019, 5:26 a.m. No.6134261   🗄️.is đź”—kun   >>4279 >>4348 >>4405 >>4439

Tesla Tumbles As Panasonic Suspends Investments In Both Gigafactory 1 And Shanghai Due To "Financial Problems"

 

Tesla is tumbling 5% pre-market on the unexpected news that its relationship with Panasonic is fracturing. Panasonic, Tesla's long-running battery development JV partner, is reportedly freezing plans to expand the capacity of Tesla's Gigafactory 1 at the very same time that demand questions are starting to surface for Tesla, according to Nikkei.

 

The two companies had previously planned to raise capacity at the Gigafactory 1 by 50% next year, but the article states that "financial problems" are forcing a rethink from Panasonic. Tesla bulls are also going through a "rethink" in early morning trading on Wednesday.

In addition, it’s being reported that Panasonic has suspended its planned investment in Tesla's battery and EV plant in Shanghai. Instead, Panasonic will provide technical support and a small number of batteries from the Gigafactory. Tesla has committed to buying batteries for the cars built that Shanghai from a number of companies.

 

Panasonic is one of the largest producers of the batteries that power Tesla vehicles. The Gigafactory 1 has been making the batteries for the Model 3 since January 2017. Panasonic manufactures the cells for the batteries and Tesla assembles them into battery packs. Panasonic had said previously that it planned to expand the plant's capacity to the equivalent of 54 GWh a year by 2020. Its capacity currently sits at 35 GWh, where it looks like it's going to be staying.

Tesla and Panasonic have collectively invested $4.5 billion in the plant. Back in October, Panasonic president Kazuhiro Tsuga said the company would consider "further investment in North America, keeping in step with Tesla." After "consideration", it looks like they've decided to steer clear from further investments in the boy genius, Elon Musk.

 

Tesla's curious lowering of capex guidance at the same time the company has grandiose plans of expanding - both in Shanghai and in building the infrastructure necessary to build the Model Y - has baffled skeptics alike. The Panasonic relationship has been a cornerstone for Tesla’s business thus far and if the loss of this relationship is an indication of things to come, things could be getting a lot worse for Tesla shareholders before they get better.

https://www.zerohedge.com/news/2019-04-11/tesla-tumbles-panasonic-suspends-investments-both-gigafactory-1-and-shanghai-due-0

TSLA

266.80 -9.26 (-3.35)

Pre-Market: 8:25AM EDT

Panasonic says reviewing further investment in Tesla Gigafactory

TOKYO/BENGALURU (Reuters) - Panasonic Corp is studying further investments in battery production at its Gigafactory venture with Tesla Inc, the company said, responding to a media report that the two companies had frozen previous plans.

 

Tesla, whose shares fell 3.3 percent in trading before the bell in New York, said it would continue to invest in the Nevada plant as need be but believed more output could be gained from its existing resources than previously thought.

 

Giving no details of its sources, Japanese financial daily Nikkei reported earlier on Thursday that financial issues had led the companies to rethink plans to expand the capacity of Gigafactory 1 by another 50 percent next year.

(Panasonic not wanting to be stuck with unpaid invoices)

https://finance.yahoo.com/news/panasonic-says-reviewing-further-investment-095238737.html

Anonymous ID: 287529 April 11, 2019, 5:31 a.m. No.6134295   🗄️.is đź”—kun   >>4308

>>6134258

As I said previously-get what you can- a matter of personal preference. Maybe 15 year's ago but now? You can have mine. And thank you for your insinuation anon, you should really stay quiet if you think anyone who thinks differently is a faggot.