13 January, 2016 by The TZ Newswire Staff Comments Off on Japanese Stocks Plunge, China Bond Yields Hit Record Low After PBOC Injects $25 Billion Liquidty
Japanese Stocks Plunge, China Bond Yields Hit Record Low After PBOC Injects $25 Billion Liquidty
Following last night’s notable weakness in Chinese stocks (now down 15-25% year-to-date) and today’s plunge in US markets, Offshore Yuan has begun to tumble lower once again ahead of today’s Yuan fix. Having slapped short Yuan speculators with a dire liquidity withdrawal, it appears traders are seeing through the “over-invoicing” bullshit of last night’s trade data and outflows appear to have restarted.
13 January, 2016 by The TZ Newswire Staff Comments Off on Q4 Will Be The Worst U.S. Earnings Season Since The Third Quarter Of 2009
Q4 Will Be The Worst U.S. Earnings Season Since The Third Quarter Of 2009
Couple of things: first of all, any discussion whether the US market is in a profit (or revenue) recession must stop: the US entered a profit recession in Q3 when it posted two consecutive quarters of earnings declines. This was one quarter after the top-line of the S&P dropped for two consecutive quarters, and as of this moment the US is poised to have 4 consecutive quarters with declining revenues as of the end of 2015.
13 January, 2016 by The TZ Newswire Staff Comments Off on People’s Bank of China (PBOC) sets yuan reference rate at 6.5616
People’s Bank of China (PBOC) sets yuan reference rate at 6.5616
Stuck in the middle with the yua (n) … today’s USD/CNY mid-point set at 6.5616, a slight strengthening of the yuan
– yesterday’s close was 6.5743
– yesterday’s mid point was
set at 6.5630 for the fourth consecutive day of a stable setting
13 January, 2016 by The TZ Newswire Staff Comments Off on Under Armour Inc Dives as Macy’s Inc and Starbucks Corporation Position Themselves for the Future
Under Armour Inc Dives as Macy’s Inc and Starbucks Corporation Position Themselves for the Future
While Under Armour and Macy’s grapple with long-term challenges in the apparel industry, Starbucks prepares for rapid expansion in China.
13 January, 2016 by The TZ Newswire Staff Comments Off on Barclays gold price target (oil too)
Barclays gold price target (oil too)
Forecasts for commodity prices from Barclays
This is via eFX
Recent price declines for major commodities are now
greater than in any crisis of the past 30 years and speculative
positioning much more negative than it was even in the depths of the
financial crisis. That suggests that although the price outlook is
weaker than it was previously, the road ahead could be a very bumpy one.
13 January, 2016 by The TZ Newswire Staff Comments Off on Gordon Long: If You Think QE Was an Experiment, You Haven’t Seen Anything Yet!
Gordon Long: If You Think QE Was an Experiment, You Haven’t Seen Anything Yet!
Gordon Long, co-founder of Financial Repression Authority, believes that a massive tax grab by government at the federal, state, and local level is coming regardless of which candidate wins the 2016 US presidential election. He also discusses “a peak in the credit cycle”…
13 January, 2016 by The TZ Newswire Staff Comments Off on Slowing auto market puts GM and Ford to the test
Slowing auto market puts GM and Ford to the test
A looming slowdown in global auto demand will test U.S. automakers General Motors Co and Ford Motor Co as they try to funnel more cash to shareholders while still investing adequately in new vehicles and technology. At a conference on the sidelines of the Detroit auto show, the rivals outlined their strategies for an era of slower growth and rapid shifts in technology and consumer behavior. As of Wednesday, GM (GM.N) was winning the referendum among investors, with its shares up slightly, while Ford (F.N) shares sank about 5 percent.