Tuesday 16 September 2014

João Monteiro & Markets: another shared take on the Markets

 João Monteiro & Markets: another shared take on the Markets:

'' Markets right across Asia have been
in for a stormy session today with all the major regional indices finishing up
in negative territory. The big driver here is the growing concern over the
state of the Chinese economy – overnight we saw numbers highlighting the fact
that foreign direct investment into China fell way short of expectations, reaching
a four year low. This is just the latest in a volley of data points that are
giving investors cause for concern across the globe. A sharp decline in Tokyo
Condo sales also knocked the Nikkei despite that perpetually weak Yen and the
big question now is whether this will mark the start of a bigger consolidation
phase.Wall Street is currently eyeing some
modest losses at the open following that strong finish yesterday. US economic
data disappointed too but the expectation is this may help defer any rushed
rate hike from the Fed. This is all building up to the FOMC verdict tomorrow
night and as was noted yesterday although there’s no real expectation of action
here, it’s the tone of the rhetoric that will count. With US inflation data due
ahead of that FOMC statement too, there’s still scope for market opinion to
shift but various dollar baskets do appear to be struggling to make further
progress for now. Ahead of the open we’re calling the DOW down 26 at 17005 and
the S&P unchanged at 1984. ''



João Monteiro & Markets: That´s what I´m talking about! ;): Markets | 16/09/2014 | Stormy session across Asia ...: Markets right across Asia have been in for a stormy session today with all the major regional indices finishing up in negative territo...

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