Friday, December 6, 2013

Morning Memo: Friday, December 6, 2013 UPDATED

"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!!

5:00am ET...
  • Asia...Quiet around the globe, with markets having opened lower but generally rebounded ahead of today's US Non-Farm Payroll data.
  • Japan...Details of PM Abe's fiscal stimulus program were announced including big spending on infrastructure, repair of tsunami damage, steps to encourage investment  and employment, and money for the poor.  Much of this is mean to offset a decline in demand anticipated when the sales tax increase kicks in this coming spring.
  • Europe...quiet ahead of US jobs data.
  • US...Non-Farm Payrolls at 8:30am ET.  Street estimates hover around 180k. and Unemployment Rate to drop fr 7.3% to 7.2%.
  • more later.....
  • LATER:
    • US...NFP better than expected!!!
    • Personal Inc lower than expected, Spending up and in-line.

  • Certainly sobering! 
Please continue to visit Soos Global Market Musings for updates.

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(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).
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