Japan’s GDP showing today finally provided signs of life when the expected number of 0.1% was put to shame with a 0.4% print. However, it was only enough to rescue the Nikkei from the selling but did help to provide the days highs. By close of business the index had drifted back only to close […]

QUESTION: Mr. Armstrong; You have indeed sparked my curiosity. With both the velocity of money and the trading volume declining since 1998, this seems to be a very dangerous position and your work is really eye opening. I read your Transactional Banking and it seems that this has changed everything for the worse. Your Big […]

  The TTIP proposal is bought and paid for by the banks. Pick up the rug and you will always find the dirt. The USA has been fining European banks for vast amounts of money. The New York banks, especially Goldman Sachs, is shaking like a leaf at the thought that they could be hauled into European […]

A positive opening for the Nikkei, trading up +1% at the opening bell but sadly could not hold onto the gains and we eventually closed little changed on the day. The Hang Seng was the poor performer closing down almost 1% whilst Shanghai was a touch better. Asia really had little top topics but we […]

It was a solid day all around the globe which was a little surprising given most markets backed away from yesterday’s gains late in the day. China’s data was marginal given what had been expected, but the positive momentum, strong oil, and a reviving commodity sector made everything feels sunny again. The Nikkei has recovered […]

While many are slamming Trump for suggesting that the U.S. buy back its debt for less than face value, the truth is that he is at least talking about the issue. When criticized by George Stephanopoulous, Trump responded, “You never know. At some point, they [China] might want to get out. Maybe they need their money, they might […]

China’s trade balance (released overnight) was not great (Est. $40bn but the actual release was $45.56bn and exports contracted 1.8% in April) and had a negative effect on equities from the open. The Nikkei and Hang Seng were heavily influenced by oil’s rally given the very sad news of the Alberta fire incident. Japan and […]

A couple of rumors and some nerves ahead of the all important US Non-Farms Payrolls. In mainland China there were rumors that local regulators may want to delay mainland listings of mainland US listed Chinese companies. We will follow-up on this rumor when we hear more information. Shanghai index closed down 2.8% and the Shenzhen B closed down 3.6%. Europe traded sub-par […]

A relatively quiet night in Asia with China PMI (51.8%) marginally under the April  52.2% reading. Although this had a short-term influence just ahead of lunch but it really did not alter the bounce and we closed the session marginally better. Hang Seng however, was lower on the day closing down 0.37%, which actually was not a bad […]

  With Japan still closed the enthuses continues to concentrate on the US Dollars turnaround! The Australian ASX closed down 1.6% as BHP lost 6.5% on rumors of a large civil lawsuit in Brazil. Mainland China closed almost unchanged on the day whilst the Hang Seng lost 0.7% and these a direct result of a dollar […]