Interesting post on short term S&P price action from Quantifiable Edges:
But via @NautilusCap, the strong breadth is very supportive over a longer time frame.
- German IFO business climate index printed 104.7 versus 103 expected.
- US Markit Services PMI declined to 56.3 vs 57.3 exp and 57.1 prev
- An overwhelming 75% of Japanese voters said they hadn’t felt the impact of an economic recovery over the last two years but a majority still plan on backing Abe’s party in the upcoming elections. That being said a large piece of the electorate (45%) is undecided and thus up for grabs. Nikkei
- voter turnout may be extremely low at the Dec 14 elections according to Reuters. Many Japanese citizens are confused as to why Abe is now calling an election – Reuters
- According to news reports (Spiegel news magazine, November 24, 2014), the German and French government are working on a joint proposal that foresees further French structural reforms against more fiscal easing in Germany. The current proposal specifies a relaxation of the French 35-hour week regulation and €20 billion of additional infrastructure spending in Germany
- The WSJ notes how hedge funds are anticipating bankruptcies across the coal industry. WLT could be one of the first to file for protection. WSJ
- Mon: BoJ Minutes, BoJ Deputy Governor Nakaso speaks
- Tue: Canada Retail Sales, US House Prices, Consumer Confidence
- Wed: UK 3Q GDP, US Durable Goods Orders, Us Jobless Claims, Personal Income, Core PCE, Chicago PMI, Pending Home Sales, AU 3Q Capex
- Thu: US Holiday, German Employment, Consumer Confidence, Japan Employment, CPI, NZ Business Confidence, UK Consumer Confidence