Good morning. We are calling a top in the US market short-term as global growth falters… tighten your stops, lock profits and even take some short positons… the JPY is strengthening.. gold is strengthening,.. IMF has called for weak growth… we see downside risk short-term, especially as we head into May… not the best of news on this Wednesday morning…
So TLS’s free data day meant that a young guy downloaded an entire Terrabyte of data in one day…
How is this even possible?
And the network nearly stalled, once again…
It appears that TLS is having a few “issues” at the moment and with growing competition and question relating to their dividend policies, what are the catalysts to take the stock higher?
Overnight, global stocks fell (Dow Jones -137 points) as the Yen strengthened and concerns grow in relation to global growth….
We are now calling a short-term top in US equities and are advising clients to tighten stop losses, take profits or even look to take some short positions, as we head into May…
The next few weeks will get “bumpy”….
Investors are turning cautious after worse-than-expected economic data in the U.S. and Germany this week, and comments from International Monetary Fund head Christine Lagarde highlighting greater risks to the global economy.
That marks a reversal from optimism last month, when dovish comments from Federal Reserve Chair Janet Yellen helped add $4.5 trillion to the value of global equities.
The U.S. central bank releases the minutes from its latest meeting on Wednesday.
Oil advanced on speculation a pact to freeze crude output may be reached without the participation of Iran. West Texas Intermediate for May delivery increased 19 cents, or 0.5 percent, to settle at $35.89 a barrel.
Gold gained the most in a week as equities fell as the timeline for U.S. interest-rate increases extended. Futures for June delivery gained 0.8 percent to settle at $1,229.60 an ounce in New York. The metal fell 1.3 percent in the previous two sessions.
The SPI is down 17 points this morning.
Niv Dagan is an Executive Director of Melbourne based boutique funds management and corporate advisory firm, Peak Asset Management (www.peakassetmanagement.com.au). He is also a regular financial commentator on Sky Business.