A very good morning everyone! Futures traders are expecting a rebound in stock indexes with further declines in metals --although actual metals trading prices @ 3 hrs before opening are up a tad.
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European stocks, dollar bounce after robust US jobs data Reuters - 9 hours ago LONDON (Reuters) - European equities advanced while the dollar held near four-year highs against a basket of currencies on Monday after stronger-than-expected U.S.
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World Bank trims China, East Asia 2014-2016 growth forecasts By Masayuki Kitano SINGAPORE (Reuters) - The World Bank cut its 2014-2016 growth forecasts for developing East Asia and China, and cautioned of capital-flight risks to Indonesia while growth in China is ... Reuters
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America’s Banks Pile Up Treasuries as Deposits Overwhelm Lending American banks are loading up on U.S. Commercial lenders increased their holdings of Treasuries (BUSY) and debt from federal agencies in September by $54 billion to an unprecedented $1.99 trillion, data from the Federal Reserve show. Bank of America Corp. (BAC) and Citigroup Inc. (C) are among the… Bloomberg
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Gold Drops to Lowest This Year as Platinum Slumps With Palladium Gold extended losses to the lowest this year after U.S. Platinum fell to a five-year low and silver declined to the lowest since 2010. Bullion for immediate delivery lost as much as 0.7 percent to $1,183.24 an ounce, a level last seen on Dec. 31, and was at $1,187.97 by 9:49 a.m. in Singapore,… Bloomberg
btw, that last one (h/t Abb) not only makes a lot of sense as is, but it could also be useful rewritten in reverse for preparing for the next run-up.