Thursday Morning Reads

Wednesday Morning Reads









S&P 500 futures trade 22 points, or 0.6%, above fair value.

Equity indices in the Asia-Pacific region ended Thursday on a higher note while India's Sensex was closed for a holiday. ANZ will reduce its headcount in China by 850, leaving about 800 bank employees in China. Bank of Korea cautioned that South Korea could see a faster than expected increase in inflation. Honda accepted a request from its employee union to increase bonus payouts to the equivalent of 5.3 months of salary.

  • In economic data:
    • Japan's February PPI 0.4% m/m (expected 0.5%; last 0.5%); -0.7% yr/yr, as expected (last -1.5%)
    • Australia's March MI Inflation Expectations 4.1% (last 3.7%)
    • New Zealand's February Food Price Index -0.9% m/m (last 1.3%)

---Equity Markets---

  • Japan's Nikkei: +0.6%
  • Hong Kong's Hang Seng: +1.7%
  • China's Shanghai Composite: +2.4%
  • India's Sensex: CLOSED
  • South Korea's Kospi: +1.9%
  • Australia's ASX All Ordinaries: +0.1%

Major European indices trade in mixed fashion. The European Central Bank left rates unchanged as widely expected. In addition, the Governing Council expects purchases under the Pandemic Emergency Purchase Programme to be conducted at a significantly higher pace over the next quarter than during the first months of this year. Greek officials are reportedly planning more fiscal support. Switzerland raised its GDP growth forecast for 2022 to 3.3% from 3.1% while the forecast for 2021 remained at 3.0%.

  • There was no notable data

---Equity Markets---

  • STOXX Europe 600: +0.3%
  • Germany's DAX: +0.1%
  • U.K.'s FTSE 100: UNCH
  • France's CAC 40: +0.2%
  • Italy's FTSE MIB: +0.8%
  • Spain's IBEX 35: +0.3%

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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