XJO flat atm after a small rise from yesterdays low close..
Miners and gold did the most work this morning, with consumer staples off over 1%, and banks flat.
giddy up
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Japan stocks surge to fresh gains; Sony, Panasonic soar
Japan stocks exploded with massive gains for the second straight session, as the market resumed trade after a three-day weekend.
The Nikkei Stock Average NIK, +3.49% surged 3.9%, adding to its 4.8% climb Friday when the Bank of Japan surprised investors by expanding monetary easing, sending the yen tumbling and the export-heavy stock market jumping.
Tuesday's gain put the Nikkei Average at 17,052.57, with a big upside test lurking at the decade high of 18,300 (hit in March 2007). The millennial high for the Nikkei is April 2000's 20,253, while the all-time record for the benchmark is the still-distant 38,915.87, struck on Dec. 29, 1989. Meanwhile, the Japanese yen was.....more...
AUD/USD dived to a 4-year low of 0.8634 on downward revisions to domestic employment data.
Seasonally-adjusted employment for September was revised to a 29,700 fall from a 23,700 fall previously recorded, and employment for July/August was revised from a 32,100 rise to a 23,700 fall.
September unemployment was revised up to 6.2% from 6.1%, and June, July and August were all revised up 0.1%.
Retail sales data showed a seasonally adjusted rise of 1.2% for the month of September to $23.63 billion, coming in well above estimates for 0.3% lift, following a 0.1% lift last month.
While the figures are volatile, the release of the iPhone 6 likely buoyed the data. It’s also possible the strength may suggest that the 15-months of record-low interest rates may be finally working their magicmore...
