"Morning Memo" begins below this "NOTE for NEWCOMERS" to "Morning Memo"...... Each
morning, we post a short bullet-point list of noteworthy events,
data, etc that find their way into the assessment of global markets.
It's far from complete and is not meant to be an exhaustive
reconciliation of all things that could possibly impact stocks, bonds,
currencies and commodities! Rather, it's best viewed as a cryptic memo
of "highlights", noteworthy items that took place in Asia, European and
US hours.....and color-coded 'Red' for seemingly negative impact on equity markets, 'Green' for positive.
This will also serve as a useful review mechanism, as scrolling through the series of "Morning Memo" posts over time ought to summarily highlight what generally drove price action.
We hope you find this useful and informative....and as always, that you'll share feedback!!
5:30am, ET....
This will also serve as a useful review mechanism, as scrolling through the series of "Morning Memo" posts over time ought to summarily highlight what generally drove price action.
We hope you find this useful and informative....and as always, that you'll share feedback!!
5:30am, ET....
- Asia mostly higher on the heels of Friday's US up-trade which was helped by weaker than expected New Home Sales data which in turn dimmed imminent fears of Fed tapering. (Editorial note: That said, reports show Street consensus looking for beginning of tapering in September).
- Also helping Asian markets were reports in China's Xinhua News that a gov't spokesman said the country will achieve it's 7.5% growth target this year.
- Nikkei was one of the few markets slightly lower.
- India...the Rupee staged an early rebound after last couple of week's bashing, but it didn't last long. Pressure on the currency continues despite several attempts by the gov't to provide suppport.
- Thailand...exports disappoint. This comes on the heels of recent data showing the country in recession.
- Europe...opened slightly higher, but faded and are now mostly in the red ahead of the US session. Tapering talk still is front and center.
- UK closed for bank holiday.
- Middle East...nothing good! Syria..Chemical attack allegations flying from both sides. President Obama reviewing military options. Late last week, rockets from Lebanon strike Israel. Egypt...the 'non-coup' tensions continues. Oil firm to higher.
- US..Durable Goods...worse than expected largely due to big drop in airline orders. Ex transportation also missed, down 0.6% vs flat exp. Core capital goods fell 3.3%.
- more later....
Please continue to visit Soos Global Market Musings for updates.
(Sign up to "Follow by Email"! And share with others!)
(Please note: This article is solely meant to be thought provoking and is not in any way meant to be personal investment advice. Each investor is obligated to opine and decide for themselves as to the appropriateness of anything said in this article to their unique financial profile, risk tolerances and portfolio goals).
Disclaimer: Please read and consider important information related to all communication made by Soos Global on this site by clicking here.
Additional Disclaimer: currently long many stocks/ETFs. Positions may change at any time without notice.
(Sign up to "Follow by Email"! And share with others!)
(Please note: This article is solely meant to be thought provoking and is not in any way meant to be personal investment advice. Each investor is obligated to opine and decide for themselves as to the appropriateness of anything said in this article to their unique financial profile, risk tolerances and portfolio goals).
Disclaimer: Please read and consider important information related to all communication made by Soos Global on this site by clicking here.
Additional Disclaimer: currently long many stocks/ETFs. Positions may change at any time without notice.
No comments:
Post a Comment