Archives of “April 2, 2019” day

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South Korean official says North Korea could be on the brink of a missile launch

  
Analysis, Forex, Politics

Report in the Korea JoongAng Daily

  • North Korea could be on the brink of a missile launch from a pad on its western coast
  • A series of ominous signs – the foremost being the near complete restoration of a missile launch site on the western coast – is fueling speculation
  • Backing up a briefing made by Seoul’s spy chief, Suh Hoon, at South Korea’s National Assembly last Friday, the official said the North’s reconstruction of the Sohae Satellite Launching Station, which started in February, is effectively complete, and a launch only needs a go-ahead from leader Kim Jong-un. 
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Korea JoongAng Daily is the English language version of the South Korean national daily newspaper is the English language version of the South Korean national daily newspaper
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Yen has ticked a few points stronger … assuming its related to this report. Might not be.
yen north korea missile

Brexit – UK parliament votes to reject everything (again)

  
Analysis, Economy

Brexit votes, the House of Commons have once again said no to all alternatives

GBP trashed
If no agreement can be reach the default is a no deal exit.
  • The government says they want to leave with a deal
  • The parliament says they want to leave with a deal
And yet, this malarkey continues with no compromise being able to be reached.
The 4 failed options (ICYMI)
  • Permanent customs union with EU- Failed y273 vs n276
  • Common Market 2.0 deal – Failed y261 vs n282
  • Second referendum – Failed y280 vs. n292
  • Revoke Article 50 – Failed y191 vs n 292
DUP voted against all four.
I’ve said it before, I’ll say it again. Get the Spice Girls in, they know what they want, what they really, really want. Much better than the current rabble in the Commons

Overnight US Market :Up. Up and away. Stocks close sharply higher and near session highs

  
Analysis, US Market

Major indices up over 1.1%

The US stocks are starting the new quarter with a solid gain.
The major indices are ending with gains of overe 1.16% and near the highs for the day. The final numbers are showing the following:
  • S&P index up 32.79 points or 1.16% ata 2867.19. The high reached 2869.40. The low reached 2848.63
  • Nasdaq index up 99.589 points or 1.29% at 7828.91. The high reached 7831.45. The low extended to 7777.09
  • Dow index is up 329.74 points or 1.27% at 26258.42. The high reached 26280.90. The low extended to 26071.69.
Some winners include financials on the back of sharply higher yields (10 year up 9.2 bps).
  • PNC financial, +3.47%
  • Citigroup, +3.46%
  • Bank of America, +3.46%
  • J.P. Morgan, +3.34%
  • Morgan Stanley, +3.18%
  • Goldman Sachs, +2.40%
Other big gainers today included:
  • Wynn Resorts, +8.4%
  • Alcoa, +4.62%
  • Caterpillar, +3.51%
  • Tesla, +3.33%
  • United Technologies, +3.32%
  • AMD, +3.29%
  • Netflix, +2.92%
  • Boeing, +2.74%
  • Emerson, +2.41%
  • Micron, +2.23%
  • Adobe, +2.13%
  • Home Depot, +2.0%
  • 3M, +1.99%

Losers in the big up day include:

  • Papa John’s, -1.98%
  • General Mills, -1.49%
  • Alibaba, -0.85%
  • McDonald’s, -0.81%
  • Celgene, -0.68%
  • United health, -0.66%
  • J&J, -0.62%
  • Proctor and Gamble, -0.41%
  • Coca-Cola, -0.34%
  • Verizon, -0.10%
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