Market Talk – November 22, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 257.68 points or 0.68% to 38,283.85 • Shanghai decreased 103.21 points or -3.06% to 3,267.19 [...]
November 21st, 2018 Pi Target
There are so many things happening in the political world it is next to impossible to figure out what is going to be the focal point for the Pi target since perhaps it could be a combination. The lastest hat being thrown into the ring is the European Commission is planning to enter their sanctions against Italy. As it stands currently, they have proposed disciplining Italy under EU fiscal rules on November 21st, 2018, unless the country’s government agrees to change its draft budget plan according to EU dictates. This could set in motion a drop in Italian debt which may force the ECB to buy more Italian debt or stand back and watch rates go crazy. This may also be the starting point of sending Italy into an exit position from the EU. In the weeks and months from now, we will be able to see that this was the turning point if this takes place.
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