A Busy Signal at China Mobile

People often ask why I bother to produce this newsletter. Sure, the private jets to the Kentucky Derby, the free tickets to heavyweight fights in Las Vegas, and the endless dinner invitations in every major city in the world are all nice.

But for me the real incentive is the great tips I get from readers . . . → Read More: A Busy Signal at China Mobile

Futures Down After Shanghai Composite Plunges On Slowdown In Housing Prices, Foreign Trade; BoJ Policy

The Chinese Shanghai index was lower by almost 3% overnight after a series of disappointing economic releases out of the country. The first showed a further cooling in property prices, leaving many to speculate if the housing ponzi was not beginning to unravel/ As Xinhua reports: “Housing prices in major Chinese cities rose 10.3
percent year . . . → Read More: Futures Down After Shanghai Composite Plunges On Slowdown In Housing Prices, Foreign Trade; BoJ Policy

Pivotfarm Daily News Harvest 6th August 2010

Markets in a Flash

·        
The JPY has started to look
strong over the past few hours gaining against the USD and other currencies.

·        
The USD is also looking strong
against other currencies, this may as investor buy the greenback before the US’s employment
report.

·        
US equity futures have been
fluctuating this morning but are currently posting slight gains ahead of the US session.

·        
Most . . . → Read More: Pivotfarm Daily News Harvest 6th August 2010

Pivotfarm Daily News Harvest 5th August 2010

 

Markets in a Flash

·        
Overnight Japanese markets
closed higher, reversing yesterday’s losses. The Nikkei 225 was up +1.73%.

·        
Equity markets in China finished
lower overnight. The Shanghai
index was down -0.67%, while the Hang Seng finished flat at +0.01%.

·        
European equity markets are
pushing higher this morning. The Stoxx 50 is up 
+0.55% after it opened flat this morning.

·        
Commodities are having a mixed
session today. . . . → Read More: Pivotfarm Daily News Harvest 5th August 2010

Pivotfarm Daily News Harvest 5th August 2010

 

Markets in a Flash

·        
Overnight Japanese markets
closed higher, reversing yesterday’s losses. The Nikkei 225 was up +1.73%.

·        
Equity markets in China finished
lower overnight. The Shanghai
index was down -0.67%, while the Hang Seng finished flat at +0.01%.

·        
European equity markets are
pushing higher this morning. The Stoxx 50 is up 
+0.55% after it opened flat this morning.

·        
Commodities are having a mixed
session today. . . . → Read More: Pivotfarm Daily News Harvest 5th August 2010

Pivotfarm Daily News Harvest 30th July 2010

 

Markets in a Flash

·        
Asian equity markets closed
down across the board last night. The Nikkei was down -1.64%, while the Shanghai index was down
-0.4%.

·        
European equity markets are
falling this morning ahead of the US GDP figures. The FTSE 100 is down -0.57% at
lunchtime London
time.

·        
Commodities are mixed in today
trading session. Oil is falling back in correlation with equities while . . . → Read More: Pivotfarm Daily News Harvest 30th July 2010

Pivotfarm Daily News Harvest 28th July 2010

 

Markets in a Flash

·        
Asian equity markets closed up
across the board overnight posting strong gains. The Nikkei 225 was up + 2.70%,
while the Shanghai Index was up +2.26%.

·        
European equity markets started
the day positive but at the European lunchtime the markets had fallen into
negative territory. The FTSE 100 was down more than -0.25%.

·        
Commodities seem to be trading
slightly . . . → Read More: Pivotfarm Daily News Harvest 28th July 2010

Aaron Boesky Says He’ll Take His Pants Off And Jog Through Hong Kong If Stocks End Lower This Year

A Hong Kong fund manager has promised to take a naked lap around the city if Shanghai stocks end lower this year.

What a cocksure conviction.

Here’s the bet Aaron Boesky, the chief executive of Marco Polo Pule-dipre Investments (and Ivan’s cousin), is making.

He told Asian Investor that the Shanghai index will bottom out next month and end . . . → Read More: Aaron Boesky Says He’ll Take His Pants Off And Jog Through Hong Kong If Stocks End Lower This Year

Here’s Why The Collapse Of Chinese Stocks May Be Just Getting Started

In our May 06 report on Leading Indicators of the Shanghai Composite, we illustrated that the decline in the Shanghai Composite from August, 2009 was more a function of the Composites weighting than a reflection on the Chinese equity market. Where the Shanghai Composite utilizes a unique capitalization weighting that favors large-cap stocks, the Equal Weighted . . . → Read More: Here’s Why The Collapse Of Chinese Stocks May Be Just Getting Started