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Sensex Trades Marginally Higher; Consumer Durables Sector Up 5.9%

Sensex Trades Marginally Higher; Consumer Durables Sector Up 5.9%

Indian share markets are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the consumer durables sector and realty sector witnessing most of the buying interest. The BSE Sensex is trading up 60 points (up 0.2%), while the NSE Nifty is trading up by 24 points (up 0.2%). The BSE Mid Cap index is trading up by 0.4%, while the BSE […]
Oil Heads Higher As Countries Break With Qatar

Oil Heads Higher As Countries Break With Qatar

Both Brent crude futures and U.S. WTI futures were broadly higher during Monday’s Asian session as Saudi Arabia, Egypt, Bahrain and the United Arab Emirates broke ties with Qatar on fears that Doha’s connections to terrorism would cause issues of national security. Qatar has long supported the Muslim Brotherhood, the world’s oldest Islamist movement. The […]
EUR/USD Builds Higher High Which Challenges 1.13 Resistance

EUR/USD Builds Higher High Which Challenges 1.13 Resistance

EUR/USD 4 hour The EUR/USD bounced at the support levels (green/blue) and showed one more bullish rally. The new higher high is challenging the 100% Fib level at 1.13 of wave 2 (green), which is a break or bounce zone. 1 hour The EUR/USD is in a bullish trend channel (red/blue lines). The breakout direction […]
It Depends On How They Value Time

It Depends On How They Value Time

Peter Dorman calls attention to a NYT Upshot column by Neil Irwin about the cost of climate change. For Irwin, the question can be framed as a matter of discounting, “A dollar today is worth more than a dollar tomorrow and a lot more than a dollar in 100 years. But what discount rate you set determines how […]
“They’re Going To Have All Sorts Of Issues” – Citi Urges Regulators To Address Australia’s “Spectacular Housing Bubble”

“They’re Going To Have All Sorts Of Issues” – Citi Urges Regulators To Address Australia’s “Spectacular Housing Bubble”

Citigroup Chief Economist Willem Buiter says Australia is experiencing “a spectacular housing bubble” that needs to be addressed with tougher regulatory measures – something we’ve noted time and time again. A shortage of housing, coupled with record-low interest rates, has made Sydney the world’s most second-most expensive property market. The city’s home prices jumped 16% in the 12 months through […]
UK’s Weaker Brexit Hand With The EU

UK’s Weaker Brexit Hand With The EU

Prime Minister May pushed for a snap election in June 2017 to strengthen her hand in the impending Brexit talks. In practice, she has weakened UK’s bargaining power at the EU’s expense, while the latest London Bridge incident introduces new uncertainty and volatility into the EU/UK divorce proceedings. Like too many times before, British police […]
Sensex Opens Flat; Titan Rallies Over 8%

Sensex Opens Flat; Titan Rallies Over 8%

Asian equity markets are trading mixed today following an attack in central London at the weekend. The Shanghai Composite is off 0.27%, while the Hang Seng is down 0.11%. The Nikkei 225 is trading up by 0.14%. US equities rose to record levels on Friday as Wall Street shrugged off a jobs report that came in well below expectations. Meanwhile, share […]
The Role Of The U.S. As A Global Risk

The Role Of The U.S. As A Global Risk

Regime Change in the Trump White House? No U.S. postwar president has managed to reset relations with Russia. Now the Trump administration must cope with a special counsel’s investigation. In the past, US efforts at regime change targeted foreign countries; today, the White House. How will it impact Trump’s stalled policy agenda? As I argued […]
Bank Of Japan’s ETF Holdings Surge 80% To Cartoonish 16,000,000,000,000 Yen

Bank Of Japan’s ETF Holdings Surge 80% To Cartoonish 16,000,000,000,000 Yen

A couple of weeks ago in “Revisiting The Tokyo Whale,” we took a few minutes to remind readers just how large the Bank of Japan’s footprint in the Japanese ETF market truly is. We thought it was important to keep the story front and center lest it should get lost in the incessant chatter about Fed balance sheet […]
Herbalife Expects Lower Guidance; Still No Word On Exec Departure

Herbalife Expects Lower Guidance; Still No Word On Exec Departure

Just weeks after issuing its guidance and “beating” estimates that would have missed estimates issued a couple of short quarters ago, Scott Wapner at CNBC reports that Herbalife (HLF) is set to lower its sales guidance before market open tomorrow, Monday morning. Wapner’s exclusive, out late Sunday night, stated: Herbalife will lower its sales outlook for the current […]