"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...
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...opened with some strength in reaction to stronger than expected China Official Non-Manufacturing PMI data, at 56.3, the highest level in 14 months. But a slowdown in New Orders dampened the enthusiasm w/the overall report.
- China...Communist Party meeting begins Nov 9 where reforms will be front and center on the agenda and watched closely by markets.
- Japan...closed for holiday.
- Australia...retail sales jumps highest amount in seven months, helped by low interest rates, and an improving housing sector and mining sector.
- Thailand...big loser in the region on political and social tensions running high over an amnesty bill that focuses on the self-imposed exile of the brother of the current PM.
- Europe....generally higher on good earnings news (especially in the bank sector) and on an investor confidence indicator put out by Sentix showing the highest level in two years.
- German...Markit's PMI for October was stronger than expected.
- Eurozone Markit PMI summary for October:
Final Eurozone Manu #PMI posts 51.3 in Oct (Sept: 51.1) http://t.co/Hz2IcIw2TI pic.twitter.com/gvKInpiQbP
— Markit Economics (@MarkitEconomics) November 4, 2013 - US...October Non-Farm Payroll data due out Friday.
- more later....
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).
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.
(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.
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