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Sunday 7 PM ET update --PBOC LOWERS rates -- Australia has first real estate bear market in 40 years!!!!
My Best Advice for the week is to Record Bloomberg DayBreak Australia sunday night from 6 to 7..PM ET you will learn things such as the PBOC is cutting their Central Bank rate due to economic weakness.... while the US is in full blown raise mode...........
China is the proverbial nickel in front of the Bulldozer..... in terms of any kind of Trade war..... the white flags have already been raised..... ANZ bank is taking a $500 million write down of bad loans as the Australia has it's first bear market in Real estate in 40 years!!!!!!!
as The USA , the FED and our president tell the world how it shall be......
Let's face it... Japan.... the walking dead.... China.... the massive debt bubble has collapsed... Russia..... and lots of snowy wilderness in Siberia....... Us folks in the USA have got one of those 2.... it's called Alaska..... and life is so good in Alaska...... the state GIVES EVER SINGLE per several thousand dollars a year....... now this is the way life should be..... the state is so wealthy and has such a strong balance sheet... that you got to do the right thing and pass out the Smoked Salmon and Elk steaks to everyone at the banquet.... and you get some of the amazing $5 a bottle wine that would be $35 dollars a bottle if all of these south american countries had not had their currencies depreciate 60 or 80--- 90 % .
their's one for you 19 for me................ -vbg-
that means skip the commercials... skip the recaps of the news at the top and bottom of each hour.... works out to maybe 35 minutes...... and then record the Bloomie 7 to 9 pm show and speed watch it... and you pretty much have the whole outline for the week....
It makes life so much simpler..... I am here as a public service to dispense concise specific useful global financial market information.... and to give u the cliff notes version of what's coming next.
Asian Stocks to Slip; Yuan Dips, PBOC Eases Policy: Markets Wrap
By Adam Haigh October 7, 2018, 5:36 PM EDT
Asian stocks looked set to kick off the week with declines and the yuan slipped as investors assessed the latest move by the People’s Bank of China to loosen monetary policy. Shares in China will be under pressure as traders return from a week-long holiday.
Futures in Hong Kong and Australia indicated declines when trading starts. Japan is shut for a holiday, and Columbus Day in the U.S. means no Treasuries trade on Monday. U.S. stocks on Friday capped the worst week in a month, as the sell-off in Treasuries that took yields to seven-year highs persisted amid a solid run of data that’s emboldening investor faith for tighter monetary policy. Chinese traders are back at their desks, with the yuan weakening past 6.9 per dollar following the policy move on Friday.
China’s central bank cut the amount of cash lenders must hold as reserves for the fourth time this year, as policy makers seek to shore up the economy amid a worsening trade war. Over in the U.S., the sell-off in Treasuries that took 10-year yields to 3.24 percent last week will take a breather due to the public holiday, though discussion remains as to whether this will become a more significant stumbling block for the bull run in equities. JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. kick off earnings season for U.S. banks on Friday.
The decline in the U.S. unemployment rate to a 48-year low on Friday in addition to major upward revisions to prior months’ data added to speculation the Federal Reserve has ample reason to keep pushing up American borrowing costs. Elsewhere, West Texas Intermediate crude oil prices remained above $74 a barrel. Investors in Brazilian assets are awaiting the results of Sunday’s presidential election -- follow along with our live blog.
The U.S. Treasury has $230 billion worth of debt auctions this week.The IMF presents its World Economic Outlook on Tuesday. IMF Managing Director Christine Lagarde has warned that trade wars and tighter credit are darkening the global outlook.U.S. President Donald Trump holds the latest in a series of rallies ahead of the Nov. 6 mid-term elections, this time in Council Bluffs, Iowa.A gauge of U.S. consumer prices probably remained elevated in September and rose 2.3 percent from a year earlier, according to forecasts ahead of Thursday’s release.These are the main moves in markets:
StocksFutures on Hong Kong’s Hang Seng fell 0.6 percent.Futures on Australia’s S&P/ASX 200 Index declined 0.5 percent.The S&P 500 fell 0.6 percent Friday, rounding out a weekly decline of 1 percent.The MSCI Asia Pacific Index sank 3.4 percent last week and trades near to the lowest in a year.CurrenciesThe yen slid 0.1 percent to 113.80 per dollar.The offshore yuan lost 0.1 percent to 6.9039 per dollar.The Bloomberg Dollar Spot Index has climbed for the past two weeks.The euro bought $1.1523.BondsThe yield on 10-year Treasuries was at 3.23 percent on Friday, up four basis points.
Bye Bye the 7 year range whose peak was 3.11%.... it was one heck of great party... catch u at the next one in .... like....60 years.... it's actually precisely 3 * 18 -20 year Jupiter Saturn conjunctions...which every 20 years take place 120 degrees progressed through the constellations.the 360 degree circle
CommoditiesWest Texas Intermediate crude was flat at $74.34 a barrel.Gold futures increased 0.3 percent to $1,203.63 an ounce.
