Divine Intervention - Wednesday, page-13

US interest Rates Cannot go Up soon .....if  Raising Rates  Sends the USD  UP .

A Higher USD will help Destroy Manufacturing and Exports in the USA ...even Further .

So No Rate rises soon ..Worldwide.

US stocks paused following weaker than expected manufacturing numbers. the US manufacturing sector slipped to 48.6 in November from 50.1 the prior month. Data released by the Institute for Supply Management highlighted the manufacturing sector contracted for the first time since late 2012.

Markets

Wall Street closed up yesterday: The Dow Jones Industrial Average gained 0.95 per cent to close at 17,888, the S&P 500 added 1.1 per cent to close at 2,103 and the NASDAQ gained 0.9 per cent to close at 5,156.

European markets closed mixed: London’s FTSE gained 0.6 per cent, Paris lost 0.9 per cent and Frankfurt lost 1.1 per cent.

Asian markets closed up: Tokyo’s Nikkei added 1.3 per cent, Hong Kong’s Hang Seng added 1.75 per cent, and China’s Shanghai Composite gained 0.3 per cent.

The Australian share market closed higher yesterday: The S&P/ASX 200 Index closed 100 points up to finish at 5,266. On the futures market the SPI is 3 points up.

Currencies

The Australian Dollar at 8:20AM was buying $US0.7327 cents, 48.61 Pence Sterling, 90.05 Yen and 68.97 Euro cents.

Economic news

Reserve Bank Governor Glenn Stevens is set to speak at an AICC breakfast event in Perth this morning. Following yesterday’s big freeze on interest rates, the Australian Bureau of Statistics will release GDP numbers for the September quarter. Market consensus is forecasting growth of 0.7 percent.

http://www.finnewsnetwork.com.au/archives/finance_news_network121937.html