20/08/2015

08.21 ASIAN, EURO AND U.S. Deathburger Marketwatch: Let’s Eat!

by John Galt August 20, 2015 21:25 ET Yeah, tonight is in a word, er, BRUTAL in Asian markets: Japan: Australia: Singapore: Meanwhile in US futures markets: Yeah, gold is still going nuts…   We’ll see how the Chinese PPT behaves tonight in about 20 minutes. They had best buy every damned thing in sight or we are going to witness one nasty day on Wall Street and in Europe in about 12 hours… UPDATE 21:32 ET – NOT A GOOD SIGN THUS FAR – CHINA DOWN ALMOST 1.5%!!! Shanghai SSE…


Chinese Central Bank fails to Stem Further Stock Carnage as Shanghai down 3.42%

by John Galt August 20, 2015 05:15 ET The PBOC is losing its mojo. Despite a now two week long effort to stem selling in the Shanghai SSE and by extension dissuade selling in Hong Kong of Chinese shares there, the equity markets continue to plummet with the Shanghai markets down 3.42% and Hong Kong Hang Seng’s index down almost 2%. Shanghai SSE: The rally in the morning failed as the lip service paid to the market failed to impress and the market ended down almost 130 points. Meanwhile in Hong…


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