- This topic has 49 replies, 5 voices, and was last updated 5 years, 5 months ago by
.
- Posts
But yet even in these STORMY times … China is conceeding & lowering some on IMPORT Tariffs … and futures are up +260 on DOW
[color=green][b]RALLY TIME ON WALL STREET
in spite of yesterday’s expanded legal maneuvers – the tariff reductions by China out-weighs yesterday’s bad news[/b][/color]
President Xi Jinping took the stage overnight at the Boao Forum for Asia, an annual summit that’s been dubbed the “Asian Davos,” where he discussed plans to further open up the Chinese economy.
Mr Xi said Beijing will “significantly lower” tariffs on car imports this year and ease restrictions on foreign ownership in the car industry “as soon as possible”.
He also promised to expand protection of intellectual property – an issue high on the list of US demands – as he ushered in a “new phase of opening up” during the Boao Forum for Asia, his country’s answer to Davos, with a swipe at Mr Trump’s America First policy.
“Human society is facing a major choice to open or close, to go forward or backward,” he told hundreds of investors gathered on the resort island of Hainan.
Japan March preliminary machine tool orders 28.1% vs 39.5% prior
France February industrial production m/m +1.2% vs +1.4% expected
Italy Feb industrial production SA mm -0.5% vs +0.8% expNFIB Small Business Optimism Index: 104.7 vs. consensus of 107.0, 107.6 in February.
March Producer Price Index: +0.3% vs. +0.1% consensus, +0.2% previous. +3.0% Y/Y.
Core PPI +0.3% vs. +0.2% consensus, +0.2% prior.February Wholesale Trade: Inventories +1.0% M/M to $625.6B vs. +1.1% consensus, +0.9% in January (revised).
Sales +1.0% to $495.9B.
Inventory to Sales ratio falls to 1.26.Redbook Chain Store Sales: +2.9% Y/Y vs. +4.4% last week.
Month-to-date sales are up 3.4% Y/Y and 0.3% M/M through the April 7. April sales are expected to be up 3.4% for the full month.
[hr]
10-year Treasury yield is higher by 1.6 basis points to 2.8%.US Hits Russia RUSAL craps the bed XI gets all conciliatory – could this not have been played better with the Russian sanctions but wait Trump is Putin’s pawn – how truly stupid are those people saying that – Trump could not be doing more to crap on Russia.
At the close
Dow +1.78% to 24,406.78. S&P +1.7% to 2,657.88. Nasdaq +2.08% to 7,094.52.
Treasurys: 30-year -0.14%. 10-yr -0.1%. 5-yr -0.1%.
Commodities: Crude +3.67% to $65.75. Gold +0.29% to $1,344.00.
Currencies: Euro +0.31% vs. dollar. Yen +0.35%. Pound -0.33%.[color=limegreen][b]SUPER GREEN FINISH 8)
Heard #45 was “more furious” than usual today due to new expanded scope of investigations 😳
Not even a witch hunt can keep these markets down 8)
and FILL ‘ER UP at your next gas station stop :woohoo: [/b][/color]
[size=5][color=red][b]PPPLLLUUUNNGGEE … minus 200 at start :ohmy:
No TRADE WARS today – but perhaps “REAL” war[/b] :woohoo:[/color][/size]
China inflation data for March: CPI 2.1% y/y (expected 2.6%) and PPI 3.1% y/y (exp. 3.3%)
Japan producer inflation (March): PPI 2.1% y/y (expected 2.0%)
Japan Core Machinery Orders (February): 2.1% m/m (expected -2.5%)Australia monthly consumer confidence (April) -0.6% m/m (prior +0.2%)
NZ monthly inflation indicator: -0.2% m/m
New Zealand – ANZ Truckometer for March -0.3% m/m (prior -2.5%)Bank of France trims first-quarter GDP growth estimate to 0.3 percent
UK February visible trade balance GBP -10.203bln vs -11.9bln exp
UK February manufacturing production m/m -0.2% vs +0.2% expected
Italy February retail sales m/m +0.4% vs -0.5% priorEIA Petroleum Inventories: Crude +3.3M barrels vs. -0.6M consensus, -4.6M last week.
Gasoline +0.5M barrels vs. -1.4M consensus, -1.1M last week.
Distillates -1.0M barrels vs. 0.0M consensus, +0.5M last week.
Futures +0.79% to $66.03.Atlanta Fed Business Inflation Expectations: +2.3% vs. +2.1% prior.
March Consumer Price Index: -0.1% vs. +0.0 consensus, +0.2% prior.
Core CPI +0.2% M/M in-line with consensus, +0.2% prior.
Core CPI +2.1% Y/Y vs. +2.1% expected, +1.8% prior.
- You must be logged in to reply to this topic.