Friday, April 5, 2013

Another day, another few tens of Billions Stimulus from Another Central Bank

The Japanese are now flooding the markets with liquidity now on part with the US and this is getting markets excited for another surge in equity prices.
The Nikkei jumps above 13,000 for first time since 2008.

Saw an increase 385k higher than 353k expected.

Eurozone composite PMI drops to 46.5 (flash 46.5) in March from 47.9 in February; services 46.4 (flash 46.5) vs 47.9. "The recession is deepening once again as businesses report that they have become increasingly worried about the region's debt crisis and political instability," says Markit. With German growth almost stalled, "the only source of bright light...has once again begun to fade."

The Digital Currency has seen it's price go from $20 in 2012 to $150 as of yesterday.  Why bitcoin is the other alternative currency that not everybody knows about.

Australian miners are trading higher today, regaining much of what they lost in the previous session after metal futures rose overnight in London: BHP Billiton (BHP +1.7%), Rio Tinto RIO +1.5%), Fortescue Metals Group (FSUMY.OB +1.6%), and Newcrest Mining Ltd. AU:NCM +1.92% (NCMGY.PK +2.2%)
It might be worth looking to establish positions here.