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Frankfurt Trading Session Heads Up Monday, November 13, 2017

Frankfurt opening news digest

Chinese Eye Alternative Funerals As Graveyard Prices Skyrocket

Many coastal cities offer subsidies and free boat rides for residents willing to bury their loved ones at sea, while inland provinces like Jiangxi and Shaanxi are pushing people to try tree and flower burials, where vegetation is planted on top of a person’s remains.

 

Sell Duration To Hedge Equities

At today’s yield levels, selling duration might be a good hedge for equities.

 

Crypto Craze: Ethereum May Not Be A Bubble Despite 3,700% Explosion

If it is a bubble, it’s still a far cry from the magnitude of the dot-com crash. As massive as the cryptocurrency market is at nearly $192 billion strong globally, it pales in comparison to the tech bubble, which erased $1.7 trillion in shareholder wealth.

 

US Dollar Finds Haven Bid, Politics Sink Pound and NZ Dollar

The US Dollar reclaimed recently absent safe-haven support as stocks fell in Asia Pacific trade while the British Pound and the Kiwi Dollar succumbed to

 

New Zealand Dollar To Struggle If RBNZ Monetary Mandate Expands

The New Zealand Dollar has stabilized since its post-election fall, but its travails may not be over as new monetary policy orders remain a real

 

Asia AM Digest: British Pound Drops as Tory MPs Challenge PM May

The British Pound sank as a group of Conservative MPs challenged the leadership of UK Prime Minister Theresa May. The US Dollar rose, bolstered by

 

Euro Proving Resilient, May Continue to Ignore Economic Calendar

There are a few items of importance due up over the coming days that will move the Euro, but nothing that will materially alter its

 

Sensex, Nifty Seen Opening Lower As IIP Data Disappoints

Indian shares may open marginally lower on Monday after official data showed India’s industrial output growth slowed in September, adding to concerns over economic slowdown after demonetization and the GST rollout.

 

Losing Streak May Continue For Thai Stock Market

The Thai stock market has finished lower in back-to-back sessions, sliding more than 25 points or 1.4 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,690-point plateau and it may extend its losses on Monday.

 

Japanese Market Declines

The Japanese stock market is declining on Monday following the mostly weak cues from Wall Street Friday. Exporters are lower despite a weaker yen. In late-morning trades, the benchmark Nikkei 225 Index is down 136.

 

Indonesia Bourse May Open Under Pressure

The Indonesia stock market has finished lower in three consecutive trading days, surrendering almost 40 points or 0.7 percent along the way. The Jakarta Composite Index now rests just above the 6,020-point plateau and it may take further damage again on Monday.

 




Australian Market Modestly Lower

The Australian stock market is lower on Monday following the mixed cues from Wall Street on Friday amid worries about the fate of proposed U.S. tax reform and as shares of two of the four local big banks trade ex-dividend.

 

Lower Open Expected For Hong Kong Shares

The Hong Kong stock market has alternated between positive and negative finishes through the last eight trading days since the end of the two-day losing streak in which it had fallen almost 200 points or 0.

 

Win Streak May End For China Stock Market

The China stock market has climbed higher in five straight sessions, gathering more than 55 points or 1.7 percent along the way. The Shanghai Composite Index now rests just above the 3,430-point plateau although the rally may stall on Monday.

 

UK House Prices Slide 0.8% In November – Rightmove

The average asking price for a house in the United Kingdom was down 0.8 percent on month in November, property tracking website Rightmove said on Monday. That followed the 1.

 

Taiwan Bourse May Extend Losing Streak

The Taiwan stock market has moved lower in three consecutive trading days, giving away almost 110 points or 1 percent along the way. The Taiwan Stock Exchange now rests just above the 10,730-point plateau and it’s looking at another soft start again on Monday.

 

Japan Producer Prices Gain 0.3% In October

Producer prices in Japan were up 0.3 percent on month in October, the Bank of Japan said on Monday. That exceeded expectations for a gain of 0.1 percent and was unchanged from the September reading following an upward revision from 0.

 

Singapore Market May Test Support At 3,400 Points

The Singapore stock market on Friday snapped the three-day winning streak in which it had advanced more than 40 points or 1.2 percent. The Straits Times Index now rests just above the 3,420-point plateau and it may open under pressure again on Monday.

 

Continued Consolidation Called For Malaysia Shares

The Malaysia stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had picked up more than 10 points or 0.

 

Japan Producer Price Data Due On Monday

Japan will on Monday release October figures for producer prices, highlighting a light day for Asia-Pacific economic activity. Producer prices are expected to add 0.

 

South Korea Shares Likely To Extend Losing Streak

The South Korea stock market has finished lower in two straight sessions, sliding almost 10 points or 0.4 percent along the way. The KOSPI now rests just above the 2,540-point plateau and it’s likely to see continued selling pressure on Monday.

 

Trump teases trade announcement to be announced Wednesday

Speaking from the Philippines, President Donald Trump on Sunday night teased a “major statement” on trade that he said he’ll make Wednesday in Washing

 

Magnitude 6.5 quake rattles Costa Rica

Costa Rica was rocked by a magnitude 6.5 earthquake Sunday night. The U.S. Geological Survey said the quake was centered just off the Central American

 




Death toll rises in magnitude 7.2 quake along Iran-Iraq border

More than 140 people died after a massive earthquake hit Sunday along the Iran-Iraq border, the Associated Press reported. The quake, which the U.S. G

 

‘Supergirl,’ ‘Arrow’ producer suspended after sexual harassment claims

Warner Bros. TV Group has suspended a prominent producer of its popular superhero shows over allegations of sexual harassment. Andrew Kreisberg, co-cr

 

2 Navy SEALs killed Green Beret over embezzlement scheme: report

An embezzlement scheme provided the motive behind the killing of a U.S. Green Beret sergeant at the hands of two Navy SEALs in Mali earlier this year,

 

Fed’s Harker pulls back slightly his support for a December rate hike

Philadelphia Fed President Patrick Harker on Sunday seemed to waver a bit in his support for another interest-rate hike in December. In a speech in To

 

Cheer Up

Adage:

A chartist I know said my stock had a doji candle stick formation but all I could see was a sword-wielding samurai chasing me while we both were screaming.

Cartoon:


Image courtesy: 0.media.collegehumor.cvcdn.com

Have a nice trading!




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