[expat_panama]

Markets		yesterday		today
metals		Steady at gold $1,186.95 and silver $16.15		Futures @ 3 hrs. before opening +0.80%
stocks		Slower trade ending w/ S&P up 0.1% and NASDAQ slipping -0.4%		Futures -0.05%

Good morning team!  Moving along from yesterday's sub-par econ reports (Japan in a funk, manufacturing lower than expected, production down) into today's PPI, NAHB Housing Market Index, and Net Long-Term TIC Flows.  Global buzz:

Asia stocks sag while Japan rebounds, euro dips Asian stocks sagged on Tuesday amid profit taking in Hong Kong and Chinese markets, while Tokyo shares rebounded on expectations that Japan will opt for a snap election that may lead to fresh stimulus ...

Pressure mounting on OPEC nations to cut production

JPMorgan Says Sell U.S. Stocks, Buy Europe on Valuation JPMorgan Chase & Co. told investors to dump U.S. equities in favor of their European counterparts. The brokerage cut its rating on U.S. stocks to underweight, similar to a sell recommendation, from the ... Bloomberg

Red warning lights' flashing for global economy LONDON (AP) — The global economy's problems seem to be multiplying. Associated Press

[abb]

Meanwhile, no one with any degree of real economic knowledge can point to a U. S. interest rate rise in the foreseeable future. This, despite predictions for the past several years that it was both imminent and inevitable.