tyb
Stocks mixed*On Poor Google, Samsung Earnings; China Slowdown Fears Return
(*edit, get with it tyler's, your own futures chart shows a mixed bag not a "slump")
US futures were flat, while European equity markets and Asian stocks slipped on Tuesday as weak Chinese business surveys dampened appetite for risk, while a disappointing outlook and earnings at Samsung, the world’s biggest phone maker, and an ad revenue slowdown at Google sent tech stocks lower.
European shares followed Asian peers into the red after surveys on China manufacturing and services missed forecasts - another sign that Beijing’s efforts to spur growth n the world’s second biggest economy had yet to bear fruit, and that the rebound indicated by the spike in China's PMI print last month was premature. Data also showed a slower expansion in its services sector. The full details again:
Chinese Manufacturing PMI (Apr) 50.1 vs.
Exp. 50.5 (Prev. 50.5).
Chinese Non-Manufacturing PMI (Apr) 54.3
vs. Exp. 55.0 (Prev. 54.8)
Chinese Caixin Manufacturing PMI (Apr)
50.2 vs. Exp. 51.0 (Prev. 50.8)
(these results do not appear to be that bad but ANY hiccup in Chinese data and it's a reason to dump, I expect china to print at any time now)
Oil heading back up to recent high, cap #3
10year t-Note and yield curve closing tha tgap again-MMMKay
The latest Chinese data underscored questions over prospects for the Chinese economy despite a record credit injections who impact appears to have fizzled early, while investors across the world are on edge over growing signs of a two-speed global economy where a robust United States outpaces its peers.
Adding to China's economic disappointment were tech stocks, which slumped following Alphabet’s worse-than-expected results after the Monday close,
GOOG Pre-Market
1,188.86 -98.72 (-7.67%)
Pre-Market: 8:38AM EDT
Alphabet Inc. (GOOGL)
1,192.00 -104.20 (-8.04%)
Pre-Market: 8:44AM EDT
General Electric Company (GE)
10.50 +0.78 (8.02%)
Pre-Market: 8:43AM EDT
Korean smartphone giant Samsung Electronics’s profit missed analysts’ recently reduced estimates and shared a worse than expected outlook.
The Asian weakness initially spread to Europe, where the Stoxx 600 index was off 0.2%, with British shares down 0.2% and bourses in Germany and France down 0.1 and 0.4% respectively in early trading, while futures on the S&P 500 also pointed to a soft open in New York.
Market Snapshot
S&P 500 futures down 0.07% to 2,941.00
STOXX Europe 600 down 0.2% to 390.65
MXAP down 0.1% to 162.36
MXAPJ down 0.5% to 538.26
Nikkei down 0.2% to 22,258.73
Topix down 0.2% to 1,617.93
Hang Seng Index down 0.7% to 29,699.11
Shanghai Composite up 0.5% to 3,078.34
Sensex down 0.6% to 38,840.30
Australia S&P/ASX 200 down 0.5% to
6,325.47
Kospi down 0.6% to 2,203.59
German 10Y yield rose 2.7 bps to 0.03%
Euro up 0.2% to $1.1203
Brent Futures up 0.3% to $72.27/bbl
Italian 10Y yield unchanged at 2.213%
Spanish 10Y yield rose 2.0 bps to 1.033%
Brent Futures up 0.3% to $72.27/bbl
Gold spot up 0.4% to $1,284.33
U.S. Dollar Index down 0.2% to 97.65
US Event Calendar-pretty busy here
8:30am: Employment Cost Index, est. 0.7%,
prior 0.7%;
9am: S&P CoreLogic CS 20-City MoM SA,
est. 0.2%, prior 0.11%; 20-City YoY NSA,
est. 2.95%, prior 3.58%
9:45am: MNI Chicago PMI, est. 58.5, prior
58.7
10am: Pending Home Sales MoM, est.
1.45%, prior -1.0%
10am: Conf. Board Consumer Confidence,
est. 126.8, prior 124.1; Pending Home Sales
NSA YoY, est. -4.0%, prior -5.0%
10am: Conf. Board Present Situation, prior
160.6; Conf. Board Expectations, prior 99.8
Away from that we’re due to get comments from the BoE’s Ramsden while Lighthizer and Mnuchin travel to Beijing for more trade talks.
The big earnings highlight is Apple after the close tonight, while Pfzier, Merck, McDonalds, Airbus, General Electric and ConocoPhillips are also on the cards.
So it should be a busy day.
https://www.zerohedge.com/news/2019-04-30/stocks-slump-poor-google-samsung-earnings-china-slowdown-fears-return
https://www.bloomberg.com/markets/stocks/futures
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
what a douche. Does no one else see how bad that sounds President "beto".
memefolder still down
Iran designates as terrorists all U.S. troops in Middle East
LONDON (Reuters) - Iranian President Hassan Rouhani signed a bill into law on Tuesday declaring all U.S. forces in the Middle East terrorists and calling the U.S. government a sponsor of terrorism.
The bill was passed by parliament last week in retaliation for President Donald Trump’s decision this month to designate Iran’s elite Revolutionary Guards a foreign terrorist organization.
It was not clear what the impact of the new law might be on U.S. forces or their operations.
Rouhani instructed the ministry of intelligence, ministry of foreign affairs, the armed forces, and Iran’s supreme national security council to implement the law, state media reported.
The law specifically labels as a terrorist organization the United States Central Command (CENTCOM), which is responsible for U.S. military operations in the Middle East and Afghanistan.
The United States has already blacklisted dozens of entities and people for affiliations with the Guards, but until Trump’s decision not the organization as a whole.
Comprising an estimated 125,000-strong military with army, navy and air units, the Revolutionary Guards (IRGC) also command the Basij, a religious volunteer paramilitary force, and control Iran’s ballistic missile programs. The Guards’ overseas Quds forces have fought Iran’s proxy wars in the region.
The long-tense relations between Tehran and Washington took a turn for the worse last May when Trump pulled out of a 2015 nuclear deal between Iran and six world powers, reached before he took office, and reimposed sanctions.
Revolutionary Guards commanders have repeatedly said that U.S. bases in the Middle East and U.S. aircraft carriers in the Gulf are within range of Iranian missiles.
Rouhani said on Tuesday that Iran will continue to export oil despite U.S. sanctions aimed at reducing the country’s crude shipments to zero.
https://www.reuters.com/article/us-usa-iran-rouhani/iran-designates-as-terrorists-all-u-s-troops-in-middle-east-idUSKCN1S61GB?il=0
I can see how this is a bit of a pia but moar to the point initiating this and not being able to post-at all on many of the sub bread's, because captcha does not initiate is a bit amateurish. Not a thing can be done from this side so don't flame and think I'm bitching but over the last year some things done and it makes you go WTF?
visited that about 10 year's ago and alway's had question's about the setup there. Plenty of steel doors set into the hill and seemingly go to nowhere- on the tram ride, from parking area up because you can't just arrive and walk to the front entrance.
The garden area in the forefront of your cap 1 also. Just spoopy all the way around.