Good morning traders!

In the US Friday, the Dow rose 55 points to 16,065, the Nasdaq added 23 points at
3,992 and the S&P500 gained 9 points at 1,805.

In Asia topday, the Nikkei was recently up 193 points at 15,575 and the Hang Seng
ahead 75 points at 23,771.

WTI crude oil traded at $94.84 a barrel.

Happy Monday!

G.

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FTSE / DOW

The S&P chart that’s spooking Wall Street



What’s that, you ask? It’s a chart that overlays the S&P 500 SPX and its latest run against how equities traded in late 1920s, just ahead of and after the (gulp) big crash.

It’s a chart that’s “starting to make the rounds” on Wall Street, says BTIG’s Dan Greenhaus, who provides the rather bleary looking thing in his latest market-closing note. He says the fact this the subject of some water-cooler talk proves that “the idea of a ‘bubble’ is no less prevalent today than it has been in recent weeks.” He adds:

“Without getting too personal, ‘chart overlaying’ is lazy and this is no less so. But it does remind us that as much as everyone thinks everyone else is ‘all bulled up,’ these views still persist and have shown no indication they are going away any time soon.”

Or maybe Thursday’s DJIA DJIA close above 16,000 wasn’t so special after all, given that it’s the 40th record close this year, the stats show. Though some, like Michael Sincere, says the bubble is waaaay off and Dow 20,000 here we come)


more..

Morning All.

Morning All, Baltic in Aberdeen - 2 Brrrr!

Opening Market Overview

Good old frost in Spain this morning Chris.... :(

Stop moaning the pair of you :- US storm causes death and disruption

GBP BBA Mortgage Approvals 42.8K 45.2K 43.2K

Asian airlines to give flight plans to China after airspace zone created

(Reuters) - Asian aviation officials said airlines would have to inform China of flight plans before entering airspace over waters disputed with Japan, forcing carriers to acknowledge China's authority over a newly declared "Air Defence Identification Zone".

China published coordinates for the zone on the weekend. The area, about two-thirds the size of the United Kingdom, covers most of the East China Sea and the skies over a group of uninhabited islands at the centre of a bitter row between Beijing and Tokyo.

Midday Market Overview

USD Pending Home Sales m/m -0.6% 2.2% -4.6%

End-of-day Market Overview