Russian President Vladimir Putin is also responding to the Trump Tax Reform. Putin has also taken a step to promote the repatriation of capital from abroad. He is now proposing that only a 13% tax on funds retrieved should be abolished. Additionally, he is proposing that there should once again be an amnesty for Russian […]
China has responded to global competition that is exploding in the wake of the Trump Tax Reform. While domestic news in the USA continues to bash the tax reform on class warfare, the rest of the world is trying to come to terms with what Trump has set in motion. China’s response is to allow […]
We are now starting the 2018 Outlook Report and this is going to be a shocker. We are looking at the start of a Panic Cycle Year in many markets. This warns we can see dramatic volatility that will make your nose bleed. Slingshots are highly likely 2018 and this will be indeed a time […]
We will be posting the commentary based on the 2017 closings tomorrow on the Private Blog
Year end book squaring outweighed yet more positive economic data to close the Nikkei a tad weaker on the day, but closes up 34% on the year. Earlier positives were lost onto the close but probably the result of a stronger Yen trading stronger towards the 112 handle. Both Shanghai and the Hang Seng closed […]
A possible new pandemic is forming from a deadly strain of flu emerging from Australia and will be headed to the UK as the normal flow of travels would take it. Britain will perhaps be hit with the worst flu season in 50 years. Already, there are about 170,000 cases of flu reported in Australia […]
Talk amongst many traders is that they are so unsure how the new rules and regulations surrounding the implementation of MIFiD II (Markets in Financial Instruments Directive) are to be imposed, that some even said they were keen to extend their holidays until this mess is sorted out. In other words, until they hear that […]
The bad loan (“non-performing loan” (NPL)) crisis in Europe is well known and many have been calling for this issue to be addressed. In Italy, the bad loan crisis has reached 21% of GDP. While NPLs dropped to 4.8% of all loans in the EU as a whole during the first quarter of 2017, they […]
The Year-End number for the Shanghai share index is 3239.5. A closing above this number will keep the market in a consolidation mode. Resistance stands at 3478.01 and support going into 2018 will reside at 2444.0. A closing below 3478.01 will warn that we may see a retest of support. In the case of Hong […]
Although not all markets closed positive, the overall theme certainly was. Shanghai and Hang Seng were both strong with gains made from Tech, Consumers and Energy all adding to the near 1% gains. Volumes were again very disappointing with todays HSI around 70% of the previous 30 days average. Much has ben talked of the […]
