Morning Market Tidbits

 

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Image result for today in history

  • 1633 Battle of Liaoluo Bay: Dutch East India Company defeated by Chinese Ming naval forces in southern Fujian sea

 

Centrally planned up day for the Chinese Communists > China bourses pledge supportive measures – SCMP

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As the Chinese economy continues to slow > China President Xi pledges unwavering support for private enterprise – Xinhua

 

for the “first time”? It’s been slowing since JAN! > Global growth outlook for 2019 dims for first time – Reuters

 

JAPAN: stocks (Nikkei) only bounce +0.37% on central market planning day in China

CHINA: stocks up +4.1% as the government stepped in for a central market planning day *Chinese stock market is still -25.4% since JAN

ASIA: rest of Asian Equity markets yawned at the Communist market move – Australia was down -0.6%, Malaysia down -0.5%, Thailand down -0.2%

LONDON: yawns with the FTSE opening up +0.2%

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OIL: WTI bounces +0.4% after correcting -3.1% last week

GOLD: corrects -0.3% after bouncing +0.6% last week

Italy’s 10yr yield -6bps to 3.42%; UST 10yr yield +1bp to 3.20%

FX: Dollar extends gains vs. Pound and Yen and remains Bullish TREND

 


-R.W.N II, yours in 322.

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