Diver

No wonder then the uncertainty reflected in equity action, nor the anemic trading volume on stock exchange floors. After rising to multi-year highs last week, stocks have traded within tight ranges this week, awaiting not only the much-talked about Friday speech from the central bank chairman at 10:00 AM EDT, but also next Thursday’s policy decision from the ECB, following on the heels of ECB President Draghi’s pledge early this month to “do whatever it takes” to save the euro. Since Wednesday, according to this morning’s news, German Chancellor Merkel has been trying to quell an upheaval within the Bundesbank, where the central bank chief reportedly is threatening to resign in condemnation of ECB plans to undertake a bond purchasing plan to hold down interest rates for Spanish and Italian sovereigns. Today’s reports reveal Merkel has asked both Italy and Spain to defer any requests for bailout aid for the moment.

Diver

Asian markets closed broadly lower today, led by a 1.6% loss in Japan’s Nikkei that followed a post showing industrial production unexpectedly down 1.2% in July, disappointing forecasts of a 1.7% rise. The Hong Kong Hang Seng slipped 0.4% and China’s Shanghai Composite, remaining near 3 ½-year lows, lost 0.3%. South Korea’s Kospi dropped 0.1%; the nation’s industrial production was 1.6% lower in July from June, worse than expectations for a 0.9% decline, as production of semiconductor chips, ships and autos fell. Australia’s S&P/ASX 200 gained 0.01%. For the month, the Shanghai Composite lost 2.7% and Hong Kong’s Hang Seng fell 1.6%; showing advances were Japan’s Nikkei, up 1.7%, South Korea’s Kospi, up 1.2%, and Australia’s S&P/ASX 200, up 1.1%.

Diver

European bourses are higher despite the day’s economic data showing eurozone unemployment the highest on record last month at 11.3%, unchanged from June’s upward-revised, 11.3%. The region’s August consumer price index showed a 2.6% rise, up from forecasts of 2.5%. A post on Germany’s July retail sales disappointed, indicating a surprise MoM drop of 0.9%, which compared unfavorably with a 0.2% MoM rise previous. Yields on Spanish benchmark 10-years rose 2.1 bps to 6.56%; Italian 10-year yields eased 0.1 bps to 5.76%.

Diver

Major exchanges showed France’s CAC 1.3% higher; Germany’s DAX up 1.3%; the UK FTSE 100 up 0.5%. Among the eurozone’s periphery, Italy’s FTSE MIB was up 1.9%, Spain’s IBEX 35 1.7% higher, and Greece’s AEX up 0.8%. The euro has rallied 0.6% this morning to an eight-week high at 1.2580 against the US dollar on news quoting executive ECB board member Coeure as saying Thursday, "We are working on the possibility of intervening in the bond market, in the short-term bond market, subject to a strict conditionality," which he further detailed by saying, "From my point of view, this means a request for support from the EFSF and the ESM on the primary debt market."

Diver

US futures reveal traders increasingly convinced that the ECB will be able to cobble together a plan to ameliorate the eurozone’s difficulties and that perhaps Fed Chairman Bernanke’s speech may not prove too much of a disappointment for equity markets. DJIA futures are 80 points higher, up 0.6%. NASDAQ futures are trading up 0.7% and S&P500 futures are 0.6% higher. The US dollar, traditionally a barometer of risk sentiment as well as easing expectations, is off 0.5% in electronic trade at 81.314. Among commodities, growth-related crude is up 0.5% at $95.30 and copper up 0.5% at $3.46. Gold is up 0.3% at $1661.60.

Diver

After the dust from Bernanke’s speech settles, various economic data is due for release, none expected to dominate the day’s trade. The Commerce Department’s report on July factory orders is expected to show a 2.0% rebound from June’s 0.5% decline. The Chicago PMI (9:45 AM EDT) is forecast at 53.8 from 53.7 for August. The final reading of Michigan consumer sentiment is expected to post unchanged at 73.6 in August.

Diver

According to our analytics team, our indictor movements foretold of the market indices testing support, which held, at DJIA 13,000 and S&P500 index at 1,400; a new rally leg is likely after central banks signal more money is soon to be printed.

Diver

不对劲呀，信号显示还要大涨！

Diver

不对劲呀，信号显示还要大涨！
Diver 发表于 2012-8-31 10:50

指标更新：

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Diver

不知道为什么美金今天很衰啊？

Diver

可能大家还在期待欧洲新QE，虽然美国不QE3了。

Diver

SPX1411的压力线不是一般地强劲！

Diver

看来牛熊拔河较劲的空间收缩到SPX1400-1411了。

Diver

俺觉得，虽然所有的人都在字里行间寻找有价值的狗屎，杰克森后会议已经定调没QE暗示了。

TA上虽然伸了两 ...
cellphone 发表于 2012-8-31 11:43

    同意。

Diver

9/03: Labor Day, market closed

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