Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Business

>> LTRO Latest News

OCT 31, 2013 - Zero Hedge

A Must Read - Share

Futures Unable To Ramp Higher Despite Cornucopia Of Disappointing Macro News

In addition to the bevy of ugly European unemployment and inflation news just reported, the overnight session had a dollop of more ugly macro data for the algos to kneejerkingly react to and ramp stocks to fresh time highs on. First it was China, where the PBOC did another reverse repo, however this time at a fixed 4.3% rate, 0.2% higher than the Monday iteration and well above the 3%-handle from early October, indicating that China is truly intent on tightening its monetary conditions. Then Japan confirmed that despite the soaring imported food and energy inflation, wages just refuse to ... Read More

Tags: Futures Unable To Ramp Higher Despite Cornucopia Of Disappointing Macro News,  Ltro Latest News