MARKET ANALYSIS:
update: durable goods a huge miss
Day Trading Talking Points:
MARKET ANALYSIS:
update: durable goods a huge miss
- Headline news is negative China once again (see below).
- Equities rose slightly during the overnight Asia session
- Jackson Hole reveals EM hole but not to worry EM will be able to withstand SeptTaper.........or not
- ECB members dont rule out another cut - EURIBOR BUND TRADERS.
- Markets still digesting Friday's poor housing numbers
- ECON Data - US Durable Goods
- UK Holiday
LIVE ECON DATA:
Real Time Economic Calendar provided by Investing.com
SPEAKERS & SUPPLY:
Weidmann// EFSF New 10y Benchmark via syndication
SUMMARY:
Durable Goods will be huge today coming off Friday's dismal housing numbers. With Asia already trading higher and Weidmann on the wires markets could continue to bounce higher. Aside from digesting ECB member comments during the EU session there is little data on the docket until the U.S opens.
GLOBAL MACRO THEMES:
FED Tapering in Sept / Debt Ceiling / Student Loans and Muni's Defaults / Eurozone Dysfunctionality / China Slowdown / Japan's Money Printers / UK Improving on higher inflation and falling wages / EM Slowdown in Full Swing
HEADLINES:
Summary: The news headlines are swirling once again and China and EM are in target scope. we seems headed for a collision course. Headline news should prove favorable for Fixed Income and Equities today.
Today's Trading News:
Emerging-Market Currencies Fall to Lowest Since 2010 on Fed. - And this is before we taper - Bloomberg
China Construction Bank Profit Growth Slows on Rising Bad Loans. - Bloomberg
ECB Council Members Split in Jackson Hole Over Room for Rate Cut. - Bloomberg
Demetriades Says Cannot ‘Rule Out’ Another ECB Interest Rate Cut. - Bloomberg
Fed Officials Rebuff Coordination Calls as Stimulus Taper Looms - BusinessWeek
High profit margins hint at pain to come. - Marketwatch
Questions on Fed succession nag in background at Jackson Hole. - CNBC
taper-risk-stocks-not-bonds - Zerohedge
whats-driving-treasury-yields - Zerohedge
Indicator-update-will-the-fear-trade-prevail - Wall St. Insiders
us-china-debt-zombie-Reuters
Emerging-Market Currencies Fall to Lowest Since 2010 on Fed. - And this is before we taper - Bloomberg
China Construction Bank Profit Growth Slows on Rising Bad Loans. - Bloomberg
ECB Council Members Split in Jackson Hole Over Room for Rate Cut. - Bloomberg
Demetriades Says Cannot ‘Rule Out’ Another ECB Interest Rate Cut. - Bloomberg
Fed Officials Rebuff Coordination Calls as Stimulus Taper Looms - BusinessWeek
High profit margins hint at pain to come. - Marketwatch
Questions on Fed succession nag in background at Jackson Hole. - CNBC
taper-risk-stocks-not-bonds - Zerohedge
whats-driving-treasury-yields - Zerohedge
Indicator-update-will-the-fear-trade-prevail - Wall St. Insiders
us-china-debt-zombie-Reuters
China Construction Bank Profit Growth Slows on Rising Bad Loans. - Bloomberg
ECB Council Members Split in Jackson Hole Over Room for Rate Cut. - Bloomberg
Demetriades Says Cannot ‘Rule Out’ Another ECB Interest Rate Cut. - Bloomberg
Fed Officials Rebuff Coordination Calls as Stimulus Taper Looms - BusinessWeek
High profit margins hint at pain to come. - Marketwatch
Questions on Fed succession nag in background at Jackson Hole. - CNBC
taper-risk-stocks-not-bonds - Zerohedge
whats-driving-treasury-yields - Zerohedge
Indicator-update-will-the-fear-trade-prevail - Wall St. Insiders
us-china-debt-zombie-Reuters
Global Macro News:
Japan to Decide on Sales-Tax Increase by Early Oct., Amari Says. - Bloomberg
containment-strategy-europe-fingers-crossed - Zerohedge
Welcome-housing-recovery-rents-are-rising-incomes-are-falling -A MUST READ !! - Zerohedge
Silvio-berlusconi-is-holding-italy-hostage- BI
emerging-market-fund-outflows-BI
Japan to Decide on Sales-Tax Increase by Early Oct., Amari Says. - Bloomberg
containment-strategy-europe-fingers-crossed - Zerohedge
Welcome-housing-recovery-rents-are-rising-incomes-are-falling -A MUST READ !! - Zerohedge
Silvio-berlusconi-is-holding-italy-hostage- BI
emerging-market-fund-outflows-BI
containment-strategy-europe-fingers-crossed - Zerohedge
Welcome-housing-recovery-rents-are-rising-incomes-are-falling -A MUST READ !! - Zerohedge
Silvio-berlusconi-is-holding-italy-hostage- BI
emerging-market-fund-outflows-BI
MARKET ANALYSIS:
update: durable goods a huge miss
Day Trading Talking Points:
MARKET ANALYSIS:
update: durable goods a huge miss
update: durable goods a huge miss
- Headline news is negative China once again (see below).
- Equities rose slightly during the overnight Asia session
- Jackson Hole reveals EM hole but not to worry EM will be able to withstand SeptTaper.........or not
- ECB members dont rule out another cut - EURIBOR BUND TRADERS.
- Markets still digesting Friday's poor housing numbers
- ECON Data - US Durable Goods
- UK Holiday
LIVE ECON DATA:
Real Time Economic Calendar provided by Investing.com
SPEAKERS & SUPPLY:
Weidmann// EFSF New 10y Benchmark via syndication
SUMMARY:
Durable Goods will be huge today coming off Friday's dismal housing numbers. With Asia already trading higher and Weidmann on the wires markets could continue to bounce higher. Aside from digesting ECB member comments during the EU session there is little data on the docket until the U.S opens.
GLOBAL MACRO THEMES:
FED Tapering in Sept / Debt Ceiling / Student Loans and Muni's Defaults / Eurozone Dysfunctionality / China Slowdown / Japan's Money Printers / UK Improving on higher inflation and falling wages / EM Slowdown in Full Swing
HEADLINES:
Summary: The news headlines are swirling once again and China and EM are in target scope. we seems headed for a collision course. Headline news should prove favorable for Fixed Income and Equities today.
Today's Trading News:
Emerging-Market Currencies Fall to Lowest Since 2010 on Fed. - And this is before we taper - Bloomberg
China Construction Bank Profit Growth Slows on Rising Bad Loans. - Bloomberg
ECB Council Members Split in Jackson Hole Over Room for Rate Cut. - Bloomberg
Demetriades Says Cannot ‘Rule Out’ Another ECB Interest Rate Cut. - Bloomberg
Fed Officials Rebuff Coordination Calls as Stimulus Taper Looms - BusinessWeek
High profit margins hint at pain to come. - Marketwatch
Questions on Fed succession nag in background at Jackson Hole. - CNBC
taper-risk-stocks-not-bonds - Zerohedge
whats-driving-treasury-yields - Zerohedge
Indicator-update-will-the-fear-trade-prevail - Wall St. Insiders
us-china-debt-zombie-Reuters
Emerging-Market Currencies Fall to Lowest Since 2010 on Fed. - And this is before we taper - Bloomberg
China Construction Bank Profit Growth Slows on Rising Bad Loans. - Bloomberg
ECB Council Members Split in Jackson Hole Over Room for Rate Cut. - Bloomberg
Demetriades Says Cannot ‘Rule Out’ Another ECB Interest Rate Cut. - Bloomberg
Fed Officials Rebuff Coordination Calls as Stimulus Taper Looms - BusinessWeek
High profit margins hint at pain to come. - Marketwatch
Questions on Fed succession nag in background at Jackson Hole. - CNBC
taper-risk-stocks-not-bonds - Zerohedge
whats-driving-treasury-yields - Zerohedge
Indicator-update-will-the-fear-trade-prevail - Wall St. Insiders
us-china-debt-zombie-Reuters
China Construction Bank Profit Growth Slows on Rising Bad Loans. - Bloomberg
ECB Council Members Split in Jackson Hole Over Room for Rate Cut. - Bloomberg
Demetriades Says Cannot ‘Rule Out’ Another ECB Interest Rate Cut. - Bloomberg
Fed Officials Rebuff Coordination Calls as Stimulus Taper Looms - BusinessWeek
High profit margins hint at pain to come. - Marketwatch
Questions on Fed succession nag in background at Jackson Hole. - CNBC
taper-risk-stocks-not-bonds - Zerohedge
whats-driving-treasury-yields - Zerohedge
Indicator-update-will-the-fear-trade-prevail - Wall St. Insiders
us-china-debt-zombie-Reuters
Global Macro News:
Japan to Decide on Sales-Tax Increase by Early Oct., Amari Says. - Bloomberg
containment-strategy-europe-fingers-crossed - Zerohedge
Welcome-housing-recovery-rents-are-rising-incomes-are-falling -A MUST READ !! - Zerohedge
Silvio-berlusconi-is-holding-italy-hostage- BI
emerging-market-fund-outflows-BI
france-is-heading-for-the-biggest-economic-train-wreck-in-europe-BI
Japan to Decide on Sales-Tax Increase by Early Oct., Amari Says. - Bloomberg
containment-strategy-europe-fingers-crossed - Zerohedge
Welcome-housing-recovery-rents-are-rising-incomes-are-falling -A MUST READ !! - Zerohedge
Silvio-berlusconi-is-holding-italy-hostage- BI
emerging-market-fund-outflows-BI
france-is-heading-for-the-biggest-economic-train-wreck-in-europe-BI
containment-strategy-europe-fingers-crossed - Zerohedge
Welcome-housing-recovery-rents-are-rising-incomes-are-falling -A MUST READ !! - Zerohedge
Silvio-berlusconi-is-holding-italy-hostage- BI
emerging-market-fund-outflows-BI
france-is-heading-for-the-biggest-economic-train-wreck-in-europe-BI
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