Home > Sept 2017 > Sept 25, 2017 Normally this week has heavy selling (unless some Central Bank annouces something)

Sept 25, 2017 Normally this week has heavy selling (unless some Central Bank annouces something)

September 25th, 2017

China is getting ready for their October Holiday Week so many are traveling and not buying. This normally brings a nice drop in the markets leading into the end of the month. Tonight Futures are Flat in the second hour of the Europe Session. Merkel won her election, like duh. But, it was by a weaker Margin and a Extreme Right Group (Alternative for Germany) got a larger percentage then expected..they want to get out of the Euro, etc..and they will have a stronger voice in the Government.  Abe still hasn’t come out with the Snap Election date Officially, but we all know it’s coming. Abe was out trying to get additional Stimulus Money for child care (I guess he wants to make the voters happy?). China rolled out more restrictions on Home Buying to cut down on Speculation. Even with that Copper in the SHanghai Futures were up, about the same percentage Bitcoin was up…ah our speculators.

Sept 2017

  • Trading_Nymph

    From Shanghai Daily…A number of provincial capitals across China have rolled out new curbs to further slow home property sales and bear down on lingering speculators that could destabilize markets.

    Shijiazhuang, capital of Hebei Province, has banned investors from selling newly bought homes for up to five years, while Changsha, capital of Hunan Province, has barred homeowners from buying a second property for up to three years from the time of their first home purchase, according to Xinhua news agency.

    Changsha has also limited property sales to non-local residents to one unit per person.

    Home prices have surged since late 2015, with the country’s biggest cities, including Shenzhen and Shanghai, the first to see huge spikes in their markets. Provincial capitals started to join in the fray last summer as speculators flooded into second-tier cities.

    The government, concerned about potential instability posed by frothy property markets and soaring credit growth, has increasingly clamped down on speculators since late last year, unleashing a series of restrictions to douse the country’s super-hot home property markets.

    Average new home price in China’s 70 major cities rose 0.2 percent in August from July, the slowest pace in seven months, according to the latest official data.

    Home prices in China’s four first-tier cities — Shanghai, Beijing, Shenzhen and Guangzhou — either fell from a month earlier or were unchanged.

    Authorities in Chongqing, along with those in Nanchang in Jiangxi Province, have banned transactions of new and secondhand homes for two years after purchase, according to documents published on the city governments’ official websites.

    The various measures took effect last week.

    Additionally, Xi’an, capital of Shaanxi Province, has told developers from today to report home prices to local price-monitoring departments before sale, and reiterated its pledge to crack down on property price manipulation and speculation.

    China’s property market has become a major source of financial risk. A central bank official earlier this month said authorities needed to maintain strict controls over property markets in first and second-tier cities where prices gains have been the strongest.

  • Trading_Nymph

    From Slate on the Far Right German Party..We now know that it was not to be: Never in Germany’s postwar history has a far-right party gained more than 6 percent in a national election. Today, the Islamophobic, anti-immigrant Alternative for Germany (AfD) party pulverized that record, taking over 13 percent of the vote, winning a plurality in a significant number of districts, and establishing itself as the country’s third-biggest party.

    The AfD won this remarkable victory even though a more radical wing of the party took over a few months ago. It won this remarkable victory even though one of its two new leaders used distinctively Nazi rhetoric when he expressed his hope that a competitor of Turkish roots would be “disposed of” in Anatolia. And it won this remarkable victory even though the other new leader said that members of the government are “just puppets of the victors of World War II,” implying that the current political system is illegitimate.

  • Trading_Nymph

    Draghi will be speaking later, wonder if he will comment on the German Election?

  • panther341

    Hope you had a good weekend. Garage sale was a success – I got rid of about 97% of the stuff I took down there. The stuff I didn’t sell was all kitchen stuff and mostly glass.

    Have an appointment (dentist) later so will miss most of the afternoon.

    The good news – distilled and spring water have re-appeared on the shelves and sugar is stocked as well.

  • panther341
  • Trading_Nymph

    Thanks Panther, from text “So far, close to €110 billion of corporate bonds from around 200 issuers, in 20 countries, across all sectors, have been purchased. ” ….lol, when the bubble pops (which they always do), that can’t end badly at all for the EU.

  • panther341

    oil closed above 200 day moving average for the first time since April 18.

  • Trading_Nymph

    Including brown sugar? I saw your post last night on your yard sale success!!!!!! I am surprised the kitchen stuff didn’t sell? Ouchie on the dentist..hope it went ok. Bulls are still trying. My Birthday is Thursday, lol, normally the market gives me a nice ugly sell off on that day…it so knows what the perfect gift is..rofl.