Monday Comments by JR
Based on the last moved of the Pacific chess game, japan decontrol de board while China and Russia moved the bishop to a corner to see the moved to be done again by the Japaneses tower. lowering taxes and into an election season will keep Japan on the corner for a while and its for the agreements done by Australia and China to trade goods to decide whom will be the pawn. China and Russia moving along the two bishops on horizontal strategic moves will confuse the game by military agreements and market growth. Banks are quite not knowing where the cash flow will stand by on the moved and benefit of it just been and outside observer of the game. Will the Pacific let the European Community come into it? Mean time the horse if just lowering the internal cost of oil and bringing more to its reserves while USA sees how the middle east struggles Iran into a non competitive barrel price so it wont be part the game at all. its a end of November week and winter has started its low temperatures to keep all at home while the snow has is show time.. Lets see next Monday if the Pawn survived to the first moved and the tower are still on the corner left to be.
JR
Economy News by Seeking Alpha.
Chinese stocks rallied today, following the POBC's surprise announcement on Friday to cut interest rates in a bid to strengthen growth. The move came as Mario Draghi bolstered his stimulus pledge and three weeks after the BOJ unexpectedly increased its monetary-base target. The benchmark Shanghai Composite Index jumped 1.9%, to 2,534, its highest close since September 1, 2011. Hang Seng climbed 2%, closing up 23,893.
Despite shrinking support for his economic policies, Prime Minister Shinzo Abe still has a wide lead heading into Japan's national election on Dec. 14, the Asahi Shimbun and Nikkeidailies reported. More than a third of people surveyed answered that they would vote for Abe’s governing Liberal Democratic Party, three times the level of support for the Democratic Party of Japan, the main opposition group. Abe dissolved the lower house of parliament last week to seek public approval for a delay in a second sales tax.
European Commission President Jean-Claude Juncker is due to announce a €21B ($26B) fund this week in an attempt to fix a persistent weakness of the European economy - stagnant investment by private companies. The new entity is part of a three-year initiative to spark at least €300B ($372B) of additional investment in the continent’s moribund economy and is designed to make use of existing resources that does not require any new cash infusions from member nations.
A slump in oil prices and Western sanctions are biting at Russia's economy, announced Finance Minister Anton Siluanov at a news conference today. "We're losing around $40B a year because of geopolitical sanctions, and about $90B-$100B from oil prices falling by 30%," says Siluanov. The country's Energy Minister, Alexander Novak, said on Saturday that there are no plans to cut oil production to support falling crude prices.
U.S. imports of crude oil from OPEC nations are at their lowest level in almost 30 years, reports FT, underlining the impact of the shale revolution and advances in hydraulic fracturing. In August, OPEC’s share of U.S. crude oil imports dropped to 40% – accounting for 2.9M bpd – the lowest since May 1985. At its 1976 peak it stood at about 88%. OPEC leaders will meet in Vienna on Thursday to consider cutting output to shore up prices.
