12Sep2019 Pre-Market Commentary: Wall Street Futures Gain As Washington Delays China Tariffs, DOW Up 66 Points, Gold Futures Pop More Than 1% To 1524, US Dollar Up To 98.86

Here is the current market situation from CNN Money

European markets are higher today with shares in France leading the region. The CAC 40 is up 0.40% while Germany’s DAX is up 0.35% and London’s FTSE 100 is up 0.04%.

ECB turns stimulus taps up with indefinite bond buys

The European Central Bank approved fresh stimulus measures on Thursday to prop up the ailing euro zone economy, cutting rates deeper into negative territory and relaunching an extended bond purchase scheme.

Walmart expands ‘unlimited’ grocery delivery as competition heats up

Walmart Inc said on Thursday it would expand the roll out of its “unlimited” grocery delivery service to 1,400 stores across the United States, as competition intensifies among retailers to deliver online orders faster.

LSE board poised to decide fate of Hong Kong exchange’s $39 billion offer

The London Stock Exchange’s board will meet in coming days to make a decision on the Hong Kong bourse’s surprise $39 billion takeover proposal, a source close to the British company said on Thursday, as the market poured cold water on the deal.

As trade talks loom, Chinese firms look into buying U.S. farm goods

Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, Beijing said on Thursday, in a further sign of potential de-escalation in the bitter and protracted trade war between the world’s two largest economies.

Futures gain as Washington delays China tariffs

U.S. stock index futures rose on Thursday after President Donald Trump said the United States would delay scheduled tariff hikes on billions worth of Chinese imports, cooling tensions that have battered financial markets over the last year.

AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources

Anheuser-Busch InBev is planning to raise about $5 billion from a revived float of its Asian operations after the world’s largest beer maker shelved a Hong Kong IPO in July, people with knowledge of the matter said.

Yahoo Japan bids for control of fashion e-tailer Zozo for $3.7 billion

Yahoo Japan Corp said it will take over Japan’s biggest online fashion retailer Zozo Inc for 400 billion yen ($3.7 billion), seeking to breathe fresh life into the business and compete better against the likes of Amazon.com .

Exclusive: Germany sees windfall from lower borrowing costs, sources say

Germany foresees much lower borrowing costs because of record-low yields, and that could create a windfall of roughly 5 billion euros this year, maybe more, three people familiar with Berlin’s budget planning told Reuters on Thursday.

Apple’s new iPhones shift smartphone camera battleground to AI

When Apple Inc introduced its triple-camera iPhone this week, marketing chief Phil Schiller waxed on about the device’s ability to create the perfect photograph by weaving it together with eight separate exposures captured before the main shot, a feat of “computational photography mad science.”

Watch Live: Mario Draghi’s Farewell Press Conference

Watch Live: Mario Draghi’s Farewell Press Conference

Having delivered lower rates, moar QE, tiering, and a promise of moar-moar for longer, Mario Draghi stands ready to take his last bow as the man that did “whatever it takes” but it wasn’t enough.

Trump Praises ECB For “Depreciating The Euro”, Slams The Fed For Doing Nothing

Trump Praises ECB For “Depreciating The Euro”, Slams The Fed For Doing Nothing

When discussing the barrage of easing unleashed by the ECB moments ago, we said that as “we prepare for the ECB press conference in 30 minutes, that will be nothing compared to the angry twitter tirade we expect by president Trump who will demand that Powell immediately match everything that Powell has done.”

And sure enough, just about half an hour after the ECB announcement, Trump praised the European Central Bank, for “acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports….” And, as expected, the president lashed out at the Fed again, saying that “the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!”

European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports…. And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!

” Donald J. Trump (@realDonaldTrump) September 12, 2019

Of course, for a real-estate developer, negative rates is a beautiful prospect, and all Trump has to do to get negative rates in the US is to match the European recession in the US next. At that point the Fed sho …

“No One Comes Back From This Uninjured” – Fiat Currency Endgame Looms

“No One Comes Back From This Uninjured” – Fiat Currency Endgame Looms

Authored by Lior Gantz via ActivistPost.com,

No One Comes Back From This Uninjured. In one word, the devaluation is set to ESCALATE.

Draghi Goes All Out: ECB Cuts Rates, Restarts Open-Ended QE, Changes Forward Guidance, Eases TLTRO, Introduces Tiering

Draghi Goes All Out: ECB Cuts Rates, Restarts Open-Ended QE, Changes Forward Guidance, Eases TLTRO, Introduces Tiering

With the market worried that Mario Draghi could surprise hawkishly in his parting announcement…

Manmohan Singh has a few suggestions for govt to fix economy

Manmohan Singh has a few suggestions for govt to fix economy The former PM said demonetisation and faulty implementation of GST have triggered this slowdown.

Maruti is not buying FM’s millennial logic

Maruti is not buying FM’s millennial logicNirmala Sitharaman had attributed auto slump to change in mindset of millennials.

The reason behind India’s RCEP dilemma

The reason behind India’s RCEP dilemmaIndia wants ‘transitional safeguards measures auto-trigger and snapback’ to counter a sudden surge in imports.

Rail Week Ending 07 September 2019 Intuitive Sectors Worsen

Written by Steven Hansen

Week 36 of 2019 shows same week total rail traffic (from same week one year ago) contracted according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors rolling averages remain in contraction – and worsened this week.

ECB cuts key rate, restarts QE as it attempts to revive eurozone economy

The European Central Bank delves deep into its toolbox, cutting its deposit rate further into negative territory, launching a new round of monthly bond purchases and taking other steps to stimulate a flagging eurozone economy.

Market Snapshot: Dow set for 7th gain in a row after ECB kicks of new stimulus

Futures for the Dow Jones Industrial Average head modestly higher on Thursday putting the blue-chip index on track to log its longest win streak in more than a year after President Donald Trump late Wednesday said the U.S. would delay implementing higher tariffs on $250 billion of Chinese goods for two weeks as a œgesture of good will.

Metals Stocks: Gold futures pop more than 1% after ECB unleashes basket of easy-money measures

Gold futures are on track to mark a second consecutive gain Thursday after the European Central Bank cut key eurozone interest rates and delivered a batch of measures intended to punch up the region’s sluggish economy ” bullish moves for bullion.