The "up-to-the-minute Market Data" thread

reply to post by St Udio


Every time they have the contest I think about it, but never join, for those that are going to play, well good luck.

Breaking News
Italy's debt downgraded by S&P

Standard and Poor's downgraded its unsolicited ratings on Italy by one notch to A/A-1 and kept its outlook on negative, a major surprise that threatens to add to concerns of contagion in the debt-stressed euro zone.

S&P in a release dated Sept. 19 said the cut reflected its view of Italy's weakening economic growth prospects.

"In our opinion, the measures included in and the implementation timeline of Italy's National Reform Plan will likely do little to boost Italy's economic performance, particularly against the backdrop of tightening financial conditions and the government's fiscal austerity program," said S&P.

The move from S&P came as a surprise as the market had thought Moody's was more likely to downgrade Italy first.

www.cnbc.com...

Wonder how this will affect markets

reply to post by mossme89

Wonder how this will affect markets

Not in a good way.

Michael Bay will be pleased however! Explosions, explosions, Michael Bay!

Well Europe, time to print a boatload of money because there's no other way out!

Breaking : China pulls the plug on Europe, especially on France

What was that explosion? That's european banking shares hitting the floor!

reply to post by Vitchilo


Next: Trade Wars

Edit: That didn´t take very long,lol

U.S. to announce China trade enforcement action

Edit End.

Though the Markets in Europe aren´t showing it for the Moment...SoGen and BnP are down ~ 2% ,CredAgro up 1 % as of this Moment...

Hm

All in all,i´d say it should be worse...lets see what that Day brings. Maybe the Traders are hoping Bernanke will bail out Europe?

reply to post by Shenon


Well as I said on the thread, China pulling the plugs on the banks in Europe is only significant NOW, IF the swaps were big. If they were tiny, it's inconsequential.

But it shows that China doesn't believe in Europe. At all.

reply to post by Vitchilo


Hey Vitchilo so why are the stock postive today?

Originally posted by Agent_USA_Supporter
reply to post by Vitchilo

 

Hey Vitchilo so why are the stock postive today?

5 possibilities...

1. The markets have gone full retard .
2. The FED and the ECB have opened unlimited credit lines to the banks.
3. China cutting off the swap lines didn't involve a lot of money.
4. QE3 is going to be massive. And the ECB is going to join.
5. People are high on lots of drugs.

Typical psychological reaction - ignoring reality and pretending everything is normal.

If it is war, then it is all enemy propaganda.

Though, it would be good if China helped Europe get rid of its womanizing PMs

Markets In Risk On Mode Following Greek Non-Default And Denials Of Greek Referendum And Siemens SocGen Bank Run

[...]
Spain announced it raised €4.46 billion in 12-18 month bonds, with a target raise of €3.5-4.5 billion.

12-mo auc avg yld 3.591% vs 3.335%, bid/cover 2.78 vs 2.14
18-mo auc avg yld 3.807% vs 3.592%, bid/cover 2.74 vs 3.23


Greece announced €1.625 billion 3M Bill auction results, in line with prior:

3-mo auc avg yld 4.56% vs 4.50%, bid/cover 2.84 vs 2.95


And this is why everyone is ignoring the far more important and bigger Chinese news overnight... At least for the next few hours as the short covering relief rally fades away.

Hm,so they take the good News and ignore the Bad News...for now anyway

EU official: More banks may need recapitalization

The fed is in meetings, that is pushing the markets up because the "hope" of Bernankes, funny how thing works this days.


The again EU needs more money, I guess it was not enough last week they need more.

Nine banks failed July's stress tests and 16 others only barely passed. Those banks have to submit plans on how the want to raise their capital buffers to the EU's banking regulator by mid-October. They then have several months to try to raise the money on the market or seek aid from their governments.

www.mediacomtoday.com...

reply to post by marg6043

EU official: More banks may need recapitalization

Not MAY need. They NEED IT.

But screw them. LET THEM FAIL.

US stock futures rise ahead of Fed meeting

Stock futures are rising as investors divide their attention between Europe's precarious debt situation and a key Federal Reserve meeting.

Late Monday, ratings agency Standard & Poor's cut Italy's credit rating by one notch, citing the country's growing debt and weak growth outlook. Italy has the second-biggest debt burden among countries that use the euro, after Greece.

The Fed begins a two-day policy meeting Tuesday. Many investors hope the central bank will announce it is taking steps to stimulate the U.S. economy after the meeting ends.

Stimulate? what the heck it was the US greedy pigs the ones that started the global economic downfall with their dirty deals in the mortgages markets. What a joke.

www.mediacomtoday.com...

There's so much ``priced in QE3`` in the markets, if Bernanke doesn't print a boatload of money and announces that he will do so tomorrow, the markets are gonna tank a hell lot.

reply to post by Vitchilo


He is probably gonna say that it is decided that the FED...*wait for it*...will decide at the next Meeting if more Stimulus is needed

Originally posted by Shenon
reply to post by Vitchilo

 

He is probably gonna say that it is decided that the FED...*wait for it*...will decide at the next Meeting if more Stimulus is needed

Well he's dumb enough to do that.

Update :
Well FINALLY...
BNP Freefalling

Well, as expected, the Chinese news finally filtered through to the vacuum tubes. It took them a few hours... But it is finally there. BNP is down 7.3% at last check and tumbling. Comments from the IMF, which is always behind the curve, are not helping.

BNP down 25% since Thursday highs.

Good news of the day! Here it is! JPMorgan lost $431 million on Netflix shares since july 13!
NFLX losers
Poor them!

reply to post by Vitchilo


Yep,but look at it here (change to 1 Minute and Line Chart to see it) It is up a lil...someone injected alot of Money before it could crash totally...

Edit: Both BNP and Credit Agri were down around 7 %,SoGen was down around 2 %. Now Credit Agri up to -3 %,SoGen down to -6% (and BNP now down around 5%...)

Seems like they are trading to each other to stop one going ape#...

A few Minutes ago:

BnP -7%
CredAgri -7%
SoGen -2%

Now:

BnP -6%
CredAgri -3%
SoGen -6%

reply to post by Shenon


Well thanks for these numbers. Still won't change things in the long run.

Global Systemic Risk Near Record Highs Prompts ESRB Warning

We have been pointing to the incessant rise in the risk of the Financial Stability Board's most systemically important entities for weeks now. It appears the European Systemic Risk Board has, according to Dow Jones, issued its first warning to governments, urging them to prepare capital injections for some European banks.

Judging from the Comments,Ben might have started the Printing Presses...and Gold surged almost 30 $ in the last Hour...Insider Information again?

Anybody know if the FOMC rate decision is still due today? I know the meeting is now 2 days, but this site that I use for economic news still has the rate decision at 2:15 today.