Home > July 2017 > July 12, 2017 China’s M2 Money Supply continues to drop, But Loans Beat

July 12, 2017 China’s M2 Money Supply continues to drop, But Loans Beat

July 12th, 2017

Last month the May M2 Money supply missed estimates and came in at 9.6%. Tonight the June M2 missed estimates and came in at 9.4%. The PBOC is trying but loans continue to beat estimates with new yuan loans 1.54trln yuan vs 1.2trln. Today’s stories will be Yellen on the Hill and the EIA Oil data. Earlier tonight API Oil data blew everyone away when it showed a draw down almost 3 times lower then the estimates. EIA must come in just as strong or this Oil gain of almost 2% will all be given back so quickly. The USD is weaker against the Yen. Futures are flat in the second hour of the Europe Session. Burberry beat estimates on earnings citing China. The Company that I use to judge true demand in the USA is reporting, FAST, today.

July 2017

  • panther341

    FAST up about 2.00 premarket – still very early in the day but they have reported.

  • panther341

    well, well. everything moved alot on the release of Yellen’s written testimony 1 hour before the regular market open, 90 minutes before her scheduled appearance. And she hasn’t even shown up yet. LOL With or without pearls?

  • panther341

    everything is up everywhere. US, Canada. except the dollar and CMG. LOL Gold was higher than now after the Yellen release. but still up, as are bonds, as are stocks. also oil.

  • panther341

    Now that the conference call is underway – FAST is down. Wow.

    In other news: oil is up and so are ALL the airlines and rails and other transports, including truckers. Makes no sense. LOL

  • panther341

    How’s the sunburn?

    I had company for July 4 and just about have the house back together!

  • panther341

    From twitter: This would be the 5th time in 20 years that stocks, bonds and gold all by > 0.25% on the Fed Chair’s semi-annual testimony.

  • panther341
  • panther341

    OMG I was listening to Cramer’s start of the show and he made a great point: The Fed should sell bonds BEFORE they raised rates! He was talking about the possibility of Cohn at the Fed. LOL

  • panther341

    “Whole Foods Market (NASDAQ:WFM) today announced it will issue financial results for the Company’s third fiscal quarter ended July 2, 2017, after the market closes on Wednesday, July 26, 2017. In view of the merger agreement with Amazon previously announced on June 16, 2017, the Company will not be hosting an investor conference call.”

    LOL!

  • Trading_Nymph

    lol, we all saw it coming.

  • Trading_Nymph

    It was such a painful day for us bears…hiding under the sheets again lol

  • Trading_Nymph

    OUCH OUCH OUCH…I can’t believe I did that again. Nymph’s HIGHEST health risk is Skin Cancer. So much damage I have done hanging out at the beach and forgetting to reapply sunscreen through my life.

  • Trading_Nymph

    It was too crazy…

  • Trading_Nymph

    ROFL, the only thing down was FAST by 2%

  • panther341

    my greatest health risk also. But I also have a terrible family history on heart attack/stroke.