Archives of “November 15, 2019” day

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FT report Hedge funds taking the blame for a drop in JGB prices

  
  Analysis
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While we await more Asian centres coming online a piece to check out in the Financial Times

It notes falls in sovereign bonds outside of Japan also of course, “driven by an unusual outbreak of optimism about the global economic outlook”
  • But falls for Japanese Government Bonds “have stood out”
With “some analysts say they bear the fingerprints of trend-seeking computerised hedge funds scrambling to cover losses”
The FT is gated, but if you can access it, here is the link 
While we await more Asian centres coming online a piece to check out in the Financial Times 

ICYMI – China’s Global Times reports tariffs “should’ be rolled back as part of deal

  
  Analysis
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GT with Thursday comments from Gao Feng, spokesperson for the Ministry of Commerce (MOFCOM).

  • “The trade war began with tariffs and should end with removing them,” Gao said. “The size of the tariff cuts should reflect the importance of the phase one deal. It should be decided by the two sides.”
This is not new news, just an ICYMI.
Round and round we go. That’s not new news either.

US major indices close mixed/a little changed

  
Analysis, US Market
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The S&P squeezes out a new record high. The Dow just misses

The US major indices are closing the session mixed/little changed after a down and up session.
Although little changed, the major indices did stage a comeback from much lower levels intraday.
The final provisional closes are showing:
  • the S&P index +2.69 points or 0.09% at 3096.73. The high reached 3098.20. The low extended to 3083.26. The close was good enough for a new all-time record
  • The Nasdaq index lagged a bit behind. It close down -3.081 points or -0.04% at 8479.02. Its high price reached 8485 .35. The low extended to 8441.582. The NASDAQ has failed to make new highs for 2 consecutive days
  • The Dow closed down -1.63 points at 27781. 96. The high reached 27800.71. The low extended to 27676.97. The Dow close at a record yesterday. So the small decline today kept the index from a new record.

Below is a look at the % high, low and close for the North American and European major indices.  The major indices in the US close near session highs and well off session lows.

The S&P squeezes out a new record high. The Dow just misses
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