Author Topic: Financial news and stock markets.  (Read 67150 times)

August 02, 2019, 06:35 AM
Reply #180
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To understand what is happening:
European stock markets have fallen after the surprise decision by Donald Trump to impose new tariffs on a further $300bn of Chinese imports.

The FTSE 100 and the leading indexes in France and Germany all fell by more than 2% each.

The US president's decision came after the latest round of bilateral talks showed little sign of a breakthrough.

The 10% tariffs, due to take effect on 1 September, effectively tax all Chinese imports to the US.

The FTSE 100 dropped by 2% to 7,426.13 points. In Germany, the Dax index dropped by 2.57 % and the Cac 40 in France declined by 2.82%

August 02, 2019, 09:11 AM
Reply #181
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The cac 40 keeps crumbling: -3%.
https://www.boursorama.com/bourse/indices/cours/1rPCAC/

Note that I'm remaining bullish on gold.
As far as silver is concerned, well I don't see any bullishness. I guess aa1234779 and usman would agree with me if I was speaking of "slugishness" instead.

August 04, 2019, 10:46 PM
Reply #182
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Well, I'm going to give you a quick insight of the stock markets today.

You are probably wondering what is going to happen on the markets today.
Here is a screenshot for the futures of the cac40, the dax and Wall Street.


And it seems it's going to smell like dog poo today.


August 05, 2019, 03:27 AM
Reply #183

August 05, 2019, 04:00 AM
Reply #184
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My current strategy:
I stay bearish on stocks. I think the cac 40 can go to 5200 points (25800 points for the Dow Jones).
On these levels, We may see a short term rebound, but I don't think there will be an upward trend on the middle term.

I remain bullish on Gold and on Gold stocks.

August 05, 2019, 04:07 AM
Reply #185
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Note that I sold Renault this morning, at 49.7€ (making a small capital gain). In the current context I didn't want to take risks. If the stock price is going up, no matter. Current price 49.25€.

Note that I advise you to buy Eramet for a short term trade...
The price of nickel, which is used as a key raw material for cathode material of a secondary battery, has increased by almost 40% compared to the price of nickel at the beginning of this year. Stock of nickel has reached its lowest point within the past six years. It is expected that the price of nickel will continue to go up as there are huge demands for electric vehicle battery while there is limited supply.
Spot price of nickel traded within LME (London Metal Exchange) has shown steep increase since last month and it recorded its highest price within the past year at $14,685 per ton.
« Last Edit: August 05, 2019, 04:14 AM by scarface »

August 05, 2019, 05:37 AM
Reply #186
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Today, I'm going to hold a conference about a remote and secluded country. It is very densely populated. The photo will probably help you locate this country.


I'm going to help you a bit more.
In this country, investors are worried about the deteriorating political crisis, slowing economic growth in the region and escalating trade tensions between the United States and China. Its stock exchange lost 2.85% last night (Night for those who are in Europe or in the US).

I guess that Vasudev and humbert are thinking about the Gaza strip. The picture shows modern buildings and a lot of young people in the street, it could be over there indeed.



Actually the scene is taking place in Hong Kong. And there is no end in sight to HK's summer of unrest.

In the hours before Beijing's top office responsible for Hong Kong affairs held the first press conference in its history on Monday, rumours started swirling about how China might respond to the two months of unrest in the former British colony.

Would Beijing finally sack the city's ineffective leader Carrie Lam and agree to withdraw the controversial bill that became a tinderbox for wider concerns about civil liberties and the economy? Or would Xi Jinping put his foot down and send in the People's Liberation Army (PLA)?

China did neither, instead declaring its full support for Lam's administration and the police while urging Hong Kong citizens not to tolerate "violent acts" and "radical" behaviour.

When asked about the PLA deployment option, officials simply pointed to provisions in Hong Kong's mini-constitution which allows the government to ask for Beijing's assistance to restore.

Beijing's official response to two months of unrest was relatively restrained. The Chinese Communist Party was never going to make concessions to the protesters, particularly to demands for more democracy. But it also knows the international backlash that would follow if it took a more aggressive stance on Hong Kong's affairs.

Beijing, which has other fires to put out as it fights a trade war with Donald Trump, is playing the long game. It is betting on the unrest dying down and public opinion turning against the protest movement.

"They hope protesters will get tired. They will somehow go too far and lose the support of the public in Hong Kong and once they lose momentum they can start ratching up the oppression again by arresting democracy leaders, protesters etcetera and that will slowly bring the city back to order," Ben Bland, director of the Southeast Asia Project at the Lowy Institute, told CNBC.

"That didn't work in 2014, but that seems to be the strategy they [are] adopting again, muddling through somehow."

Another option is a more covert approach by Beijing towards Hong Kong.  In China, the propaganda in state-owned media has shifted from ignoring the events in Hong Kong to portraying protesters as violent rioters while calling for the protection of the “rule of law”.  Indirectly, it can influence how the city's leaders, police and even paid thugs from Hong Kong itself or the mainland deal the protest movement.

For the tens of thousands of people who have spent their past eight weekends protesting and hundreds of thousands of others who joined peaceful marches, China's position does not change anything.

The weekly violent clashes between police and protesters will not end along with the city's long, hot summer. The unique aspect of the protest movement is that it is leaderless, which makes it difficult to control. The events of the past two months have also shown that Hong Kong people are not as compliant as Beijing would like.

Many of the protesters are young, do not have foreign passports and having nothing to lose if they think their economic future or civil liberties are threatened.

The sight of tear gas wafting through busy residential and shopping districts has oddly become the norm for a city unaccustomed to violence. Increasingly, ordinary people are being caught up in the chaos. The tourists out for dinner in Shueng Wan with their kids on Sunday night whose eyes were stinging from tear gas or the passengers on an underground train last weekend who were beaten up with batons by pro-Beijing criminal gang members.

August 05, 2019, 12:20 PM
Reply #187
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Tonight, the Dow Jones is dropping 700 points. The target at 25800 points was reached, since it broke that level.
The reaction of the market is going to be interesting now. I think that tomorrow will be red once again on the European indexes, following the rout of Wall Street (We'll see that tonight at 4pm in the US). Maybe there could be a moment of sheer panick tomorrow and a sell off (25 000 for the Dow and 5100 for the cac). But then a small rebound may take place...But on the long term, I think it's time to get a bit bearish, with the Chinese slowdown and some mixed results in Europe (for car makers and retailers for example).

As expected, Gold stocks are literally exploding upward.



Note that if Maher needs a donation he can contact me by pm.
« Last Edit: August 05, 2019, 12:25 PM by scarface »

August 05, 2019, 03:13 PM
Reply #188
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Tonight, the Dow Jones dived 861 points as trade war worsens.
U.S. stocks nosedived as China's currency fell sharply and stoked fears that the trade war between the U.S. and China will again escalate.
Maher and usman are probably wondering how the Palestinian or the Pakistani stock exchange are going to react tomorrow. I don't know. In Palestine the goat traders are certainly going to shrug off these issues. But as far as the European markets are concerned, the storm is far from over.


August 05, 2019, 05:47 PM
Reply #189
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A crack is likely to happen tomorrow morning. Right now the Dow Jones is losing 445 points according to the futures.
Fortunately I have a big coverage with Gold stocks (35000€ !) with significant capital gains. But I still have a "small position" on Socgen (15000€) and Eramet (4000€) with significant losses. However, I kept those positions because they were losing. Since the beginning of the year, I didn't make any "losing trade". And the position on socgen sold a few days ago was a winning trade too. Actually, I think that I couldn't have taken a better decision, regarding what happened on the markets.
I will tell you tomorrow morning before the opening of the markets (7am GMT) what I'm buying, and if I'm buying something.
« Last Edit: August 05, 2019, 05:59 PM by scarface »