Wednesday, September 4, 2013

Morning Memo: Wednesday, September 4, 2013

ICYMI.....our latest post on global market views and portfolio positions:

Soos Global Investor Newsletter, August 2013

"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!!

4:40 a.m. ET....
  • Asia markets mixed on heightened concerns about Syria intervention.
  • Japan...earthquake measuring 6.9 hits northern Japan.  No tsunami warning.
  • Australia GDP slightly better than expected at  up 2.6% annualized rate.  AUD better bid.  The report did, however, show some weakness in construction and investment, raising concerns that growth is not impacting broader areas of the economy away from traditional reliance on mining industries.
  • China...HSBC/Markit services PMI hits five month high.
  • Eurozone...Services PMI (Markit) mixed across the region, composite slightly lower than expected, but Spain returning to growth for first time in two years.
  • US...late yesterday, US Senate and Congressional support for President Obama's Syria intervention started to grow for a limited strike.  This raised tensions in global markets, subduing the stronger sentiment in markets on Mon and Tues.
  • 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.

No comments:

Post a Comment