Zephyr Global Report, 2/22/2013

Headliners

-Bernanke says ‘what bubble?’

-15 Zionist Rat Senators send Obama a demand Hagel nomination will be withdrawn. Hagel is seen as having enough votes. Crazy Anglomasons John McCain and Lindsay Graham the homosexualist lead the charge.

-White House playing Hard Ball with Squester, Rats want cake (big war budget ) and to eat it too (screw working classes). Demrats want to spend on everything. Only 40 pc of Public wants sequester.

-Windsors-Rothschilds continue triumph of EU by demanding every European speak English through Stooge in German Government

-EU cuts 2013 GDP growth forecast to -0.3% from +0.1% prior

-Germany Feb IFO Business Climate: 107.4 v 104.9e;

-Spain’s Graft Scandal Reaches Queen Elizabeth Favorite King Juan Carlos and his Scions

-FED Expands balance sheet by 20 Bln W/W

-Hugo Chavez Near Death

Commentary

-Market Close

Neat the way they painted the DIA to 14,000 at the close. I had an order to sell the close short. You kind of knew they were going to do that.

Moody’s finally lowered the axe on the  English and cut the UKs ratings one notch from AAA, to Aa1.

On CNBC, CEO Whitman said that revenue would only return to growth in 2014. Shares of HPQ are up 10% as analysts tripped all over themselves to raise PTs. HP finished the day up a staggering 12.3 %. Talk about irrational exuberance.

The profane, Anglomasonic, Abercrombie & Fitch was hammered today after earnings. The firm’s Q4 performance met expectations and it raised the dividend 14%, however comps are still sliding lower and the firm’s initial FY13 guidance was weighed down by a new method of accounting for inventory. In addition, its Q1 outlook was very weak and it announced it was closing 50 of its stores.

Darden Restaurants offered very weak guidance halfway through its Q3. The firm’s outlook for the quarter was terrible and it cut its FY13 forecast. The firm warned that prominent headwinds from “increased payroll taxes and rising gasoline prices put meaningful pressure on the discretionary purchasing power of our guests.” Counterintuitively, DRI is was up 3 pc on the bad news.

The FED sent evil agent Rosgren out who said QE was helping the Federal finances, inflation was contained, and QE was on. Powell gave virtually the same speech but also said the FED’s balance sheet is likely to be “normalized by late this decade, before the federal debt-to-GDP ratio even increases materially from today’s 75% level,”. So the FED vacated the FOMC notes, which lit a rocket under the market.

Gold closed at seven-month low, down 2.3% on week. We have discussed this fleecing of the hedge funds who bet on fundamentals prevailing ad naseum. Typically violent shakes out like this precede major moves. The CB and LBMA were able to source a lot of gold from GLD selling as well as loans from the CB. The LIBOR scandal will look like petty theft when the gold and silver rig breaks and people in London and Chicago and NYC are exposed.

USA Session Economic Release Summary

(IT) Italy Dec Retail Sales M/M: +0.2% v -0.6%e; Y/Y: -3.8% v -3.2%e
(IN) India Forex Reserves w/e Feb 9th: $293.5B v $294.5B prior
(BR) Brazil Feb IBGE CPI IPCA-15 M/M: 0.7% v 0.6%e
(TR) Turkey Feb Industrial Confidence: 107.5 v 102.1 prior; Capacity Utilization: 72.2% v 72.4% prior
(CA) Canada Jan Consumer Price Index M/M: 0.1% v 0.2%e; Y/Y: 0.5% v 0.6%e; Consumer Price Index: 121.1 v 121.5e
(CA) Canada Jan CPI Core M/M: 0.1% v 0.2%e; Y/Y: 1.0% v 1.0%e
(CA) Canada Dec Retail Sales M/M: -2.1% v -0.3%e; Retail Sales Less Autos M/M: -0.9% v +0.2%e
(BR) Brazil Jan Current Account: -$11.4B v -$9.7Be; Foreign Direct Investment (FDI): $3.7B v $4.9Be
(BE) Belgium Feb Business Confidence: -11.0 v -12.0e
(MX) Mexico Jan Unemployment Rate: 5.4% v 5.0%e

 

5:46 p.m. EST 02/22/13Major Stock Indexes
Last Change % Chg
DJIA* 14000.57 119.95 0.86
Nasdaq* 3161.82 30.33 0.97
S&P 500* 1515.60 13.18 0.88
DJ Total Stock Market* 15811.87 143.50 0.92
Russell 2000* 916.16 10.76 1.19
Global Dow* 2086.49 13.42 0.65
Japan: Nikkei Average* 11385.94 76.81 0.68
Stoxx Europe 600* 288.57 3.71 1.30
UK: FTSE 100* 6335.70 44.16 0.70
7:15 p.m. EST 02/22/13Treasurys
Price Chg Yield %
2-Year Note 0/32 0.258
10-Year Note 0/32 1.966
* at close
5:14 p.m. EST 02/22/13Futures
Last Change Settle
Crude Oil 93.36 0.52 93.13
Gold 1580.4 1.8 1572.8
E-mini Dow 13976 -5 13981
E-mini S&P 500 1514.00 -0.50 1514.50
4:59 p.m. EST 02/22/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 93.41 93.10
Euro (EUR/USD) 1.3190 1.3191

-Okay, I have to fly. Will update the USA close and economic release in the USA PM. A couple of FED rats were out talking up the USA and bashing gold on Friday. I will post their speeches later.

-

-[image]

-Rothschilds no opposition gun grab in Europe rolls right through

Germany’s National Firearms Register, which came into effect on Jan. 1, 2013, recently published its first statistics. A total of 5.4 million legal weapons are registered with private owners in the country. The most are registered in the state of Bavaria (1.1 million), followed by North Rhine-Westphalia (1 million) and Baden-Württemberg (700,000). Approximately 550 German authorities submitted data. The introduction of the register is broadly seen as a political reaction to killing sprees in Erfurt in 2002 and Winnenden in 2009. Moreover, the European Union has stipulated that all member states must launch central firearms registers by the end of 2014. Germany has the fourth highest per capita number of legal firearms, lower than the United States, Switzerland and Finland — but higher than Mexico, South Africa and Russia. Germany’s largest police union, the GdP, estimates there are up to 20 million illegal firearms in Germany.

-Okay enough of a bounce on the DIA to add to the Short. The HPQ short jam job is pathetic.

U.S. STOCKS | See all U.S. Stocks Data
12:38 p.m. EST 02/22/13Major Indexes(Roll over for charts)
Last Change % Chg
DJIA 13962.06 81.44 0.59
DJ Transportation Average 5946.07 70.51 1.20
DJ Utility Average 476.49 3.93 0.83
DJ Total Stock Market 15763.65 95.28 0.61
Nasdaq 3150.48 18.98 0.61
Nasdaq 100 2726.92 15.41 0.57
S&P 500 1510.92 8.50 0.57
S&P 100 680.97 2.61 0.38
S&P 400 Mid-Cap 1101.39 8.12 0.74
S&P 600 Small-Cap 511.23 3.62 0.71
NYSE Composite 8866.93 56.64 0.64
Russell 2000 912.62 7.22 0.80
NYSE MKT Composite 2389.99 8.07 0.34
KBW Bank 54.26 0.39 0.72
PHLX Gold/Silver 135.89 -1.15 -0.84
PHLX Housing Sector 181.26 1.73 0.96
PHLX Oil Service 243.52 0.01 0.00
PHLX Semiconductor 423.60 7.33 1.76
CBOE Volatility 14.61 -0.61 -4.01
* at close
 
12:38 p.m. EST 02/22/13Markets Diary
Issues NYSE Nasdaq NYSE MKT
Advancing 2,098 1,638 202
Declining 885 752 180
Unchanged 98 96 16
Total 3,081 2,486 398
Issues at
New 52 Week High 79 69 4
New 52 Week Low 14 20 9
Share Volume
Total 1,647,420,213 793,937,741 38,838,554
Advancing 1,234,318,010 566,411,979 21,303,561
Declining 403,512,938 216,782,981 17,078,262
Unchanged 9,589,265 10,742,781 456,731
 
Stock Indexes(Click through for full charting)
12:17 pm EST 02/22/13Most Active Stocks (Roll over for charts and headlines)
NYSE | Nasdaq | ArcaComposite
Issue Volume Price Chg % Chg
BankAm (BAC) 72,273,128 11.45 0.03 0.26
HewlettPk (HPQ) 67,023,026 18.66 1.55 9.09
Nokia (NOK) 32,843,468 3.77 0.02 0.54
AmIntlGp (AIG) 31,268,651 38.19 0.91 2.44
OfficeDepot (ODP) 23,421,118 4.27 0.29 7.29
 
12:17 pm EST 02/22/13Gainers (Roll over for charts and headlines)
NYSE | Nasdaq | ArcaComposite
Issue Price Chg % Chg Volume
Infoblox (BLOX) 22.44 3.29 17.18 1,549,378
Shutterstock (SSTK) 32.60 4.55 16.22 123,505
BarnesGp (B) 28.05 3.58 14.62 581,647
AVGTechnologies (AVG) 14.88 1.75 13.33 2,640,121
RuckusWireless (RKUS) 20.46 2.17 11.86 1,158,983
 
12:17 pm EST 02/22/13Decliners (Roll over for charts and headlines)
NYSE | Nasdaq | ArcaComposite
Issue Price Chg % Chg Volume
Frontln (FRO) 2.50 -0.40 -13.66 1,882,792
GMX Res (GMXR) 2.58 -0.30 -10.42 364,677
WldFuelSvc (INT) 39.51 -4.47 -10.16 917,387
Trulia (TRLA) 25.52 -2.68 -9.50 945,964
MRCGlobal (MRC) 28.16 -2.81 -9.07 2,358,748
U.S. Stocks Highlights:

-China Keeps Zhou as Top Banker

Rather than switching out the country’s widely respected central bank chief, China’s leaders are poised to keep Zhou Xiaochuan in his job for an extended period, officials say. WSJ

This was reported 2 days ago in Asia, sorry for not mentioning it but its been pretty clear for the last year he was not going to be retired at 65. Unlike the USA, in Asia at 65 or even 70 you’re considered to be finally wise enough to lead. Better diets mean they don’t go senile like in the Anglo-Zionist west.

-Gold Market rumor du jour…highly credible Erich Sprott from interview with Silver Doctors (Zionist site).

Eric pointed out that the US government exported 30% of US annual gold production to Hong Kong in December alone, and stated that as there is no excess gold available in the US, all of his analysis suggests that the US gov’t may be exporting the German, Dutch, & Austrian gold reserves held at the NY Fed to China in an attempt to kick the can and forestall the inevitable financial collapse a little longer.

This gold take down of the hedge funds was highly coordinated by the BOE /FED/ECB and the BOJ and likely the PBOC and we do know China is moving at Warp speed (for them) towards Yuan convertibility. Name an industry ex aircraft China has not gutted with IP theft/transfer and currency rigging and gulag labor, what is left for them to gut?. And the aircraft industry is heading their fast at Prince Charles direction as GE ‘gifts’ china with key avionics and engine desing. GE has a slimy Jew at its helm that replaced, the slimy royal Anglosxon Sir Jack Welch, Honored for his contribution in gutting American industry like Sir Bill Gates, Sir David Rockefeller, Sir Alan Greenspan, Sir Bibi Netanyahu (secret Knighthood), Sir Simon Peres, Sir Ehud Barak (911 master planner, secret Knighthood).

-Market Watch

Not enough of a bounce today, for me to short the USA markets and I have plenty of DIA/SPY higher. If the DIA had gotten pushed higher on Bernanke blather, to 14,000 I would have sold a lot more short. HP is hype, revenue is down 7-8 pc  y/y. Whitman is cutting heads and is doing as bad of a job as the other dumb blonde Anglo running Yahoo.

12:15 p.m. EST 02/22/13Major Stock Indexes
Last Change % Chg
DJIA 13950.16 69.54 0.50
Nasdaq 3149.35 17.86 0.57
S&P 500 1510.03 7.61 0.51
DJ Total Stock Market 15754.67 86.30 0.55
Russell 2000 912.59 7.19 0.79
Global Dow 2082.79 9.72 0.47
Japan: Nikkei Average* 11385.94 76.81 0.68
Stoxx Europe 600 288.57 3.71 1.30
UK: FTSE 100* 6335.70 44.16 0.70
 
12:15 p.m. EST 02/22/13Treasurys
Price Chg Yield %
2-Year Note 0/32 0.258
10-Year Note 4/32 1.969
* at close
12:05 p.m. EST 02/22/13Futures
Last Change Settle
Crude Oil 92.79 -0.05 92.84
Gold 1572.8 -5.8 1578.6
E-mini Dow 13927 55 13872
E-mini S&P 500 1508.00 7.00 1501.00
12:15 p.m. EST 02/22/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 93.38 93.11
Euro (EUR/USD) 1.3172 1.3190
† Late New York trading.

-Europe Closing Prices

Credit Markets
German 10y 1.57-0.01, 0.48%
Italy 10yr 4.40-0.04, 1.00%
Spain 10y 5.14-0.05, 0.89%
U.K. 10y 2.11+0.01, -0.38%

Maybe Goldman Sachs has fixed the elections and Grillo is bought off. I need to see if he is Sephardi or not. Same profession as the Sephardi Berlusconi who started a cruise ship entertainer. Sweat German-Rothschilds, sweat, the mighty Italian people are at your doorstep and are not happy with your banksters and the Mario brothers act.

Country: Index Last Change % Chg
Europe Dow 1704.84 18.48 1.10
Stoxx Europe 50 2633.09 37.00 1.43
Stoxx Europe 600 288.57 3.71 1.30
Euro Stoxx 50 2630.05 50.29 1.95
Euro Stoxx 265.44 4.04 1.55
Austria: ATX Index* 2421.64 36.43 1.53
Belgium: Bel-20 2550.92 41.48 1.65
Denmark: OMX Copenhagen 20* 539.49 3.36 0.63
Estonia: OMX Tallinn* 760.42 2.03 0.27
Finland: OMX Helsinki* 6279.18 62.54 1.01
France: CAC 40* 3706.28 81.48 2.25
Germany: DAX* 7661.91 78.34 1.03
Greece: Athex Composite Share Price* 1003.32 7.02 0.70
Greece: DJ Greece TSM* 753.89 2.09 0.28
Greece: FTSE/ATHEX 20* 335.05 1.93 0.58
Iceland: OMX Iceland All-Share* 785.27 -5.27 -0.67
Ireland: ISEQ Overall * 3691.23 67.96 1.88
Italy: FTSE MIB 16233.28 223.73 1.40
Latvia: OMX Riga* 398.63 3.31 0.84
Lithuania: OMX Vilnius* 373.63 -0.58 -0.15
Netherlands: AEX* 339.87 3.49 1.04
Norway: OSE All-Share* 517.99 0.79 0.15
Portugal: PSI 20 6116.86 28.15 0.46
Russia: DJ Russia Titans* 6387.94 -1.77 -0.03
Spain: IBEX 35* 8179.00 164.50 2.05
Sweden: OMX Stockholm* 375.85 4.17 1.12
Switzerland: Swiss Market* 7554.38 48.67 0.65
UK: FTSE 100* 6335.70 44.16 0.70
UK: FTSE 250* 13668.86 114.15 0.84
UK: FTSE AIM All-Share* 746.56 2.66 0.36

-Englisch als 2. Sprache für alle Europäer will Gauck. Müssen Briten sich dann dafür eine andere Erstsprache wählen?http://www.welt.de/politik/deutschland/article113840698/Gauck-moechte-dass-Europa-Englisch-spricht.html …

Ich bein ein Englander!!

-Greasy Greeks demands their Ashkenazi cousins the Turks quit developing the lavant oil basin. Going to spoil their starlight views at night and Island views. Sit on your rear end like the Greeks have done during a major oil strike and you get what you deserve. As lazy as their English kin. Assad was moving aggressively on this oil which caused the present war lead by England using their CIA , Mossad and MI6 arms.

 

 

Athens briefs UN on Turks’ exploration permits

Athens on Thursday notified the United Nations of a decision by Ankara to grant hydrocarbons exploration permits for parts of the Aegean deemed to fall within Greek territory.

On the instructions of Foreign Minister Dimitris Avramopoulos, a diplomatic note was sent to the UN to “safeguard Greece’s stance in defense of our country’s sovereign rights, in accordance with customary and conventional Law of the Sea, and specifically the UN Convention on the Law of the Sea (1982),” according to a statement on the ministry’s website.

Ankara issued the exploration permits last summer, Kathimerini understands. The ministry said that “directly upon learning of Turkey’s granting of permits, the Greek government proceeded to the appropriate demarches to Turkey.” It added that “Greece wants to have good-neighborly relations with Turkey… based on mutual respect and international legality, particularly regarding matters that concern our sovereign rights and the exploitation of our natural wealth.”

The development comes less than two weeks before a scheduled visit to Ankara by Prime Minister Antonis Samaras, who is expected to broach the long-unresolved issue of the delineation of the continental shelf. Athens hopes to resolve the dispute so it can begin searching for oil and gas in the Aegean.

 

-WSJ  report of exclusive interview with Boeing CEO

Gabby, stupid, and evil females. Where is the tape of the interview?

http://live.wsj.com/video/ceo-of-embattled-boeing-steers-clear-of-spotlight/192BEE07-EA69-4A39-A9B6-A26F91D0E3EB.html#!192BEE07-EA69-4A39-A9B6-A26F91D0E3EB

Japan has done more to debug this than anyone. No explanation on how the battery wiring was botched, give the extensive electrical tests to monitor this including automated wiring checks. Boeing counted too much on the quad redundant batter monitor and fail safe system. Its pretty clear they need to make their system ‘sabotage’ proof. The Battery design was simply not robust enough. Boeing probably using sabotage lever to get the FAA to get the plane back in the air. Hard to imagine with the Boeing Machinists voting to  strike they could build the cases as soon as possible, or the battery manufacturer could deliver improved battery architecture quickly. Probably will want to fly with better fire proof cases, then retrofit the new improved battery. Eventually IBM should be able to deliver Lithium batteries without the volatile cells. A big fail, unless Rothschilds and the Windsors have that evil Jewess school bus driver at the NTSB trying and scuttle the fix. As Belloc said, it is best to consider every Jew as an agent of the English crown. Hopefully the Airbus gang got the message on the blown out A380 door. Microexplosives most likely.

-European Closing Summary

Finished ahead of the close.

The EU Commission released its winter forecasts that cut euro zone GDP growth from +0.1% to -0.3% and cut growth in core countries. EU lowered Germany GDP from +0.8% to +0.5% while France GDP was cut from +0.4% to +0.1%. The EU forecasted Spain 2013 deficit at 6.7% v 4.5% prior target; 2014 deficit seen wider at 7.2%. The EUC has severely lagged the markets on the way down.   Rehn commented that ongoing rebalancing continued to weigh on economy- Europe must stay the course on reforms and will be fruits of efforts in 2014. Improvements in the financial markets had yet to feed into the real economy. Global economy appears to have turned the corner and improve. He stressed that fiscal deadlines could be extended if economic growth did fall short but no ruling until spring. Euro Area govt debt seen stabilizing in 2014; high level of debt could be a drag on growth for a long period of time. To revisit France’s deficit targets in May, France’s reforms must continue, including pensions. ECB’s Coene noted that the current level of the euro was absolutely no problem. He added that Belgium 2012 budget deficit was seen at 3.0% of GDP (incl Dexia rescue 3.7%)  ECB’s Coeure  commented that ECB’s non-standard measures played critical role in preventing deflationary scenario and reiterated ECB view that signs of stabilization had increased in recent months. He saw good reasons to be cautiously optimistic as banks were decreasing reliance on ECB funding. He added that a turning point for Spain and Portugal to come in 2013 or 2014 period. Italy was showing no evidence of improving competitiveness.

BOE and PBOC in discussions on a 3-year swap agreement after BoE gov King and PBOC chief Zhou met to discuss the arrangements in Beijing. The BOE noted that the deal would support trade and direct investment. London is trying to remain the FX capitol of the globe and is moving into Yuan trading and clearing Yuan transactions at a rapid pace.

German Lawmaker Meister commented that needed to  study Cyprus’ systemic relevance to the Euro ,and that Cyprus bank stakeholders should help in aid bid. He noted that the size of Cyprus bailout was negligible

Moody’s affirmed Negative Outlook for Ireland noting that the fragility of economy weighed on rating but the country was on course to emerge from bailout. Ireland deal on bailout loan payments would be positive and more significant than the promissory note agreement but saw political delays for any Irish and Portugal loan deals

EU’s Alumina said he could complete settlement with the Google [GOOG] after the summer; yet to decide whether to open new probe. The EU is openly trying to extort 1+ billion dollars from GOOG. The USA should retaliate against VW. Unfortunately with Obama the “European’ in office, the EU will continue to pillage the USA and loot it like the Chinacoms.

In Europe we have the Ambrossetti forum coming up. That is sort of like a mini Bilderbergers for Europeans only where they scheme on how to loot and pillage the world, but mainly the ‘colonies’. Not much emerges, but the Europeans never protest, like they never protest at Davos, yet this is in their press. European corruption is ineffable. American corruption under the Obama Regime is approaching European levels.

The Europeans were in the press , after beating up the Japanese, like the hypocrites the Europeans are, talking down the Euro. Schauble reiterated his desired 130 to 135 range for the E$.  ECB’s Coene said the current level (1.31) of the euro is absolutely no problem. As long as the FED expands its balance sheet and the ECB contracts, the Euro dollar should appreciate, at least as long as the EU bounces on this bottom and pursues this ‘forever’ deleveraging process and the USA slides fast on the tax increases and squester. At some point probably after surging to 1.40 or so the E$ should collapse towards parity as after Smirkel is elected again I expect her to give the German saver a big haircut.

BOE’s Miles said more QE is warranted, a 3% GDP output gap would justify up to #175B in additional easing  Chancellor Osborne’s borrowing targets remain at risk, despite better Jan. public finances data.

AEP was on the attack again, this time his target was France. He pumped MS short Oats (French Sovereigns) call and noted the big drop in monetary growth in France. Anything to make England’s horrid economy look better.

Things are not as healthy with the EU banks as the ECB is saying.  There was a massive surprise in the 2nd LTRO repayments -E$ 61.1bln vs. Exp. E$ 122.5 bln expected. The Euro sold down on that. Italian small business report they can get no money at all on loan from the Italians banks. So despite bailing hard Europe is not making any discernible progress. Using banks as the primary transmission mechanism into the economy and using fiat currency and highly geared FRB is a very flawed concept. Banks need to be run like non profit utilities. If you’ve every had to apply to a bank for a big business loan, you will know why VC capital came about. Banks are about protecting the establishments business, and themselves, thus GE can get near infinite money but a start up with a hot ram jet technology not even the VC will upset the Crowns profit center. Bankers are like politicians inherently evil people, many go into it not only for the money but the power to screw everyone.

This Grillo fellow is getting a lot of endorsements from the WS crowd, and is saying no to some badly need infrastructure projects in Italy. So he could be a plant. One thing is certain, is that Goldman Sachs man , Mario Monti must be eviscerated at the polls. You never raise taxes during a depression. You cut government greatly and reduce taxes on labor and investment that leads to job formation. His prescription is the age old IMF prescription for crashing markets and ‘consolidation’ of the Rothschilds banking empire of Europe.

King Juan Carlos’ family is being drawn into the Spanish kickback scandal. He is the English crown’s main drug running partner after the CIA and Mossad, so not to worry. Glad to hear he is in bad health. Perhaps both he and Chavez will die at the same time.

Europe enjoyed a good bounce off the German Ifo survey. I sold it short. 1/3 Italian voters remain undecided. Berlusconi has control of the media more or less in Italy outside of a major paper or two. His health is not good and I wonder if he will be poisoned by the Goldman Sachs men, or men they hire.

Major Stock Indexes
Last Chg %Chg
Global Dow 2079.62 6.55 0.32
DJ Global Total Stock Market 2773.72 7.84 0.28
DJ Global exUS TSM 2166.26 5.64 0.26
DJ Asia-Pacific TSM 1357.74 0.21 0.02
 Australia: S&P/ASX* 5018.10 38.00 0.76
 China: Shanghai Composite* 2314.16 -11.79 -0.51
 Hong Kong: Hang Seng* 22782.44 -124.23 -0.54
 India: BSE Sensex* 19317.01 -8.35 -0.04
 Japan: Nikkei Average* 11385.94 76.81 0.68
 Taiwan: TAIEX* 7947.72 -9.74 -0.12
Stoxx Europe 600 287.98 3.12 1.10
 Belgium: Bel-20 2545.27 35.83 1.43
 France: CAC 40 3694.46 69.66 1.92
 Germany: DAX 7644.44 60.87 0.80
 Italy: FTSE MIB 16220.76 211.21 1.32
 Sweden: OMX Stockholm 375.03 3.35 0.90
 UK: FTSE 100 6319.74 28.20 0.45
DJ Americas TSM 3899.50 10.17 0.26
 Argentina: MerVal 3133.77 9.40 0.30
 Brazil: Bovespa 56240.49 85.81 0.15
 Canada: S&P/TSX 12694.28 54.31 0.43

-Looks like Chavez went home to die. Pray he repents of his drug running, theft and murder. Thanks.

-Nordstrom’s results

http://seattletimes.com/html/businesstechnology/2020406550_nordstromearnsxml.html

-The blade gunner got bail. Incredible. He is illuminati. The day after the shooting fifty plus London traders I monitor, not a one was trading but all of England was gossiping about the murder. Showing you how shallow the traders are in London. Roid rage, count on it. The English do love it when others suffer. Yet of American traders I monitored 75 pc did not even discuss it ex maybe as a one line joke. In general I never bought the Nike Party line o the guys, much like with Lance Armstrong, I expected he was chemical creation or a MK creation. The English still run the RSA through the Jewish banks of the RSA, so they look at it as a ‘colony’ still and a ‘colonial’ gone bad.

-Federal Reserve Chairman Ben Bernanke brushed off talk the central bank’s ultra-easy monetary policy is creating asset bubbles, Bloomberg News reported Friday, citing unnamed people who went to a meeting Bernanke held earlier this month with dealers and investors. The reported comments to the 15-member Treasury Borrowing Advisory Committee dismiss a key concern coming out of the minutes of the last Fed meeting. MW

-Whose Language you are forced to speak is whose King you serve.

German Prez calls for all EU to speak English: “One of the main problems in building a more integrated Europe is inadequate communication”

Germany could rule Europe if it forced everyone to learn German. Recall when everyone in Europe spoke French and not the hellish language of the Hebraic Anglosaxon tribe? Germany is basically run by the German Rothschilds and the half German/Half Ashkenazi like Merkel. I knew this was coming. Germans should reject it. English is a devilish language, and the a gutter language of a gutter, pirate people.

-It is important as a trader, especially if you’re programming your trades to ‘visual’ possible market trajectories for the day/week or even intraday. For instance, I anticipated a big bounce on the DAX after the IFO and put in a short selling automated order if the Dax went up more than 1 pc, 1.1 pc, 1.2 pc, …1.5 pc then a cover if went up more than 1.8 pc, then went to bed. Over the weekend, with 1/3 Italian voters undecided there are various volatile trajectories for Monday, and normally I would spread trade that, but I don’t have a bullish bone in my body right after looking at all these y/y revenue declines. Of course Herr Regling is there for the EU like Jack Lew the Jew  for the USA to take the other side of the trade in the futures markets most likely on Monday. These ESM/ESF love to squeeze the shorts. You have to factor them in and when they enter and push the market against its fundamental direction you have to wait out the short squeeze and sell more. I think the FED goosed the balance sheet for a fifth week in a row knowing the programmed reaction to the minutes. One thing I have to note is almost all the media is trying to hide the y/y revenue numbers on their writes up of stocks meaning you have to go to the SEC’s.  Edgar to fetch the quarterlies to read. How hard it is to write a financial  report? You give the top line q/q, and y/y, you give the eps q/q and y/y, you give the gross profit , and the balance sheet/debt summary. This is a big ‘victory week for the FED/ECB/BOJ who are doing all this rigging of the $ and gold even as China undermines the $ globally including with our ‘best friend’ Prince Charles. All the hedge fund guys who fundamentally went long ahead of QE4 were forced out by gold loans, primarily from Draghi to the English and Europ money center banks that were LMBA members or had trading desks there. Bernanke is Shylock as is Draghi. Thieves and murders trying to rig gold as they both try and inflate debt away. All of this harsh gold rigging started when Draghi took office and went into over drive with his LTRO/OMT scams. Now the EU is headed for the rocks.

- German IFO Economists: Manufacturers were considerable more optimistic. The IFO  reiterated its January statement in which Q1 German GDP seen at +0.2% as exports seen regaining momentum. It also reiterated that strong Euro was not appearing to have impact and the construction sector doing well with order books full. It noted that the upcoming Italian elections had yet to have an impact on Survey.

-I went ahead and sold some more DAX short after it bounced big on the IFO number, and am going to sell some more DIA, and SPY short, at least if they bounce a bit higher.

-Market Watch

9:32 a.m. EST 02/22/13Major Stock Indexes
Last Change % Chg
DJIA 13951.31 70.69 0.51
Nasdaq 3150.56 19.07 0.61
S&P 500 1509.85 7.43 0.49
DJ Total Stock Market 15749.42 81.05 0.52
Russell 2000* 905.40 -8.10 -0.89
Global Dow 2083.09 10.02 0.48
Japan: Nikkei Average* 11385.94 76.81 0.68
Stoxx Europe 600 288.22 3.36 1.18
UK: FTSE 100 6334.07 42.53 0.68
 
9:31 a.m. EST 02/22/13Treasurys
Price Chg Yield %
2-Year Note -0/32 0.266
10-Year Note 1/32 1.979
* at close
9:22 a.m. EST 02/22/13Futures
Last Change Settle
Crude Oil 92.60 -0.24 92.84
Gold 1573.0 -5.6 1578.6
E-mini Dow 13929 57 13872
E-mini S&P 500 1507.25 6.25 1501.00
9:32 a.m. EST 02/22/13Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 93.46 93.11
Euro (EUR/USD) 1.3180 1.3190
† Late New York trading.

-0930 USA opens with slight bounce

Major Indexes
Last Change % Chg
DJIA 13926.15 45.53 0.33
Nasdaq 3150.08 18.59 0.59
S&P 500 1508.49 6.07 0.40
DJ Total Stock Market 15734.96 66.59 0.42

-Europe Session Economic Release Summary

(RU) Russia Narrow Money Supply w/e Feb 15th (RUB): 7.46T v 7.37T prior
(DE) Germany Q4 Final GDP Q/Q: -0.6% v -0.6%e; Y/Y: 0.1% v 0.1%e; GDP wda Y/Y: 0.4% v 0.4%e
(DE) Germany Q4 Private Consumption: 0.1% v 0.1%e; Government Spending: 0.4% v 0.2%e; Domestic Demand: +0.2% v -0.1%e; Construction Investment: -0.1% v -0.8%e; Capital Investment: -0.7% v -1.3%e; Exports: -2.0% v -2.0%e; Imports:-0.6% v -1.0%e
(CZ) Czech Jan PPI (Industrial) M/M: +0.7%e v -0.3% prior; Y/Y: 1.0%e v 1.2% prior
(AT) Austria Dec Industrial Production M/M: +0.6% v -1.3% prior; Y/Y: +2.5 v -0.5% prior
(EU) ECB: €1.0M borrowed in overnight loan facility vs. €3.0M prior; €162.2B parked in deposit facility vs. €165.3B prior
(SE) Sweden Feb Consumer Confidence: -1.0 v -1.0e; Economic Tendency Survey: 94.7 v 91.6e; Manufacturing Confidence: -11 v -15e
(TW) Taiwan Q4 Final GDP 3.7% v 3.4% prelim
(NL) Netherlands Dec Consumer Spending Y/Y: -1.0% v -3.0% prior
(NL) Netherlands Feb Producer Confidence: -3.6 v -5.6 prior
(HK) Hong Kong Jan CPI Composite Y/Y: 3.0% v 3.2%e
 (DE) Germany Feb IFO Business Climate: 107.4 v 104.9e; Current Assessment: 110.2 v 108.5e; Expectations Survey: 104.6 v 101.4e 
(IC) Iceland Jan Wage Index M/M: 0.3% v v 0.0% prior; Y/Y: 5.0% v 4.7% prior
(IT) Italy Jan Final CPI (NIC incl. tobacco) M/M: 0.2% v 0.2%e; Y/Y: % v 2.2%e
(IT) Italy Jan Final CPI EU Harmonized M/M: -2.0% v -2.0%e; Y/Y: 2.4% v 2.4%e
(IT) Italy Feb Consumer Confidence: 86.0 v 84.6e

-Not much in the news today, re lack of news links. Europeans don’t work much on Friday. Most is just a rehash of earlier news already reported.

-Europe 320

Air France-KLM (AF) Group added 1.5 percent after the airline operator posted a narrower 2012 loss than estimated. Alcatel- Lucent  gained 1.6 percent after naming Michel Combes as chief executive officer. A.P. Moeller-Maersk A/S fell 1.2 percent after forecasting a profit decline this year.Futures on the SP Index increased 0.3 percent, while the MSCI Asia Pacific Index rose less than 0.1 percent.In Germany, the Ifo institute’s business climate index, based on a survey of 7,000 executives, is expected to 104.9 in February from 104.2 in January.

Country: Index Last Change % Chg
Europe Dow 1697.35 10.99 0.65
Stoxx Europe 50 2609.14 13.05 0.50
Stoxx Europe 600 286.35 1.49 0.52
Euro Stoxx 50 2596.21 16.45 0.64
Euro Stoxx 262.85 1.45 0.55
Austria: ATX Index* 2385.21 -43.47 -1.79
Belgium: Bel-20 2523.69 14.25 0.57
Denmark: OMX Copenhagen 20 537.63 1.51 0.28
Estonia: OMX Tallinn 759.38 0.99 0.13
Finland: OMX Helsinki 6255.95 39.31 0.63
France: CAC 40 3652.52 27.72 0.76
Germany: DAX 7615.02 31.45 0.41
Greece: Athex Composite Share Price* 996.30 -43.19 -4.15
Greece: DJ Greece TSM* 751.80 -33.45 -4.26
Greece: FTSE/ATHEX 20* 333.12 -16.21 -4.64
Iceland: OMX Iceland All-Share* 790.53 6.44 0.82
Ireland: ISEQ Overall 3636.56 13.29 0.37
Italy: FTSE MIB 16131.54 121.99 0.76
Latvia: OMX Riga 395.30 -0.02 -0.01
Lithuania: OMX Vilnius 373.54 -0.66 -0.18
Netherlands: AEX 337.56 1.18 0.35
Norway: OSE All-Share 519.48 2.28 0.44
Portugal: PSI 20* 6088.71 -75.85 -1.23
Russia: DJ Russia Titans 6419.34 29.63 0.46
Spain: IBEX 35 8056.80 42.30 0.53
Sweden: OMX Stockholm 373.64 1.96 0.53
Switzerland: Swiss Market 7524.26 18.55 0.25
UK: FTSE 100 6317.99 26.45 0.42
UK: FTSE 250 13592.14 37.43 0.28
UK: FTSE AIM All-Share 745.76 1.86 0.25

-The number of rural migrant workers in China reached 262.61 million, or nearly 1 in every 5 people, by the end of 2012.

-Not much of a bounce in the DAX to short , yet. Tell Regling, I’m coming for him.

-310 Asia

Country: Index Last Change % Chg
Asia Dow 2995.26 -5.48 -0.18
DJ Asia-Pacific TSM 1358.02 0.49 0.04
Australia: All Ordinaries* 5036.70 38.10 0.76
Australia: S&P/ASX* 5018.10 38.00 0.76
China: DJ CBN China 600* 21624.01 -107.60 -0.50
China: DJ Shanghai* 295.55 -1.41 -0.47
China: Shanghai Composite* 2314.16 -11.79 -0.51
China: Shenzhen Composite* 947.69 -2.32 -0.24
China: Shanghai 50* 1883.48 -14.42 -0.76
Hong Kong: Hang Seng 22797.87 -108.80 -0.47
India: BSE Sensex 19344.20 18.84 0.10
India: S&P CNX Nifty 5854.55 2.30 0.04
Indonesia: JSX Index 4634.06 1.66 0.04
Indonesia: JSX BISNIS 27 399.66 0.67 0.17
Indonesia: JSX Islamic 623.81 -0.91 -0.15
Indonesia: JSX LQ-45 790.92 0.21 0.03
Indonesia: PEFINDO-25 485.77 -2.10 -0.43
Indonesia: SRI-KEHATI 250.53 -0.13 -0.05
Japan: DJ Japan TSM* 600.21 0.42 0.07
Japan: Nikkei Average* 11385.94 76.81 0.68
Japan: TOPIX Index* 963.48 0.62 0.06
Malaysia: DJ Malaysia TSM 3011.63 6.52 0.22
Malaysia: FTSE Bursa Malaysia KLCI 1617.64 3.59 0.22
New Zealand: NZX 50* 4214.60 44.17 1.06
S. Korea: KOSPI* 2018.89 3.67 0.18
S. Korea: KOSPI 50* 1757.87 -0.47 -0.03
S. Korea: KOSPI 100* 2027.68 1.54 0.08
S. Korea: KOSPI 200 Composite* 267.15 0.30 0.11
Singapore: FTSE Straits Times 3283.92 -3.68 -0.11
Taiwan: TAIEX* 7947.72 -9.74 -0.12
Thailand: SET 1542.27 13.53 0.89

-300 Europe Opens

Stoxx Europe 600 index up 0.4% to 286.02

German DAX 30 index up 0.4% to 7,614.54

France CAC 40 index up 0.6% to 3,646.10

FTSE 100 index up 0.3% to 6,312.26

Bonds

Germany 10y 1.59+0.01,- 0.79%
Italy 10yr 4.45+0.01, 0.13%
Spain 10yr 5.20+0.01, -0.27%

FX/Commodities

Gold 1581.50 +2.90 +0.18%
Silver 28.763 +0.064 +0.22%
Copper 3.574 +0.021 +0.60%
Crude Oil 93.07 +0.23 +0.25%
Natural Gas 3.244 -0.002 -0.06%
US Cotton No.2 83.31 +0.07 +0.09%
US Coffee C 141.45 -0.07 -0.05%
EUR/USD 1.3205 +0.0016 +0.13%
GBP/USD 1.5259 +0.0008 +0.05%
USD/JPY 93.22 +0.12 +0.12%
USD/CHF 0.9301 -0.0011 -0.12%
AUD/USD 1.0296 +0.0048 +0.47%
USD/CAD 1.0182 -0.0004 -0.04%
EUR/GBP 0.8654 +0.0006 +0.07%

-CNBC looking to Corner the Financial Propaganda Market- too funny

CNBC said Thursday it’s buying the rights to the  “Nightly Business Report” from Atalaya Capital Management for undisclosed terms.The program, which originated in 1979 with Miami Public Broadcasting’s WPBT, has seen its ownership change twice in recent years.“Nightly Business Report” began airing before the era of 24-hour news, but has struggled to retain viewership and advertising in recent years, the New York Times Media Decoder blog noted. Eighteen NBR staff members  will lose their jobs in the acquisition, according to the blog. NBR co-host Tom Hudson will also depart.Tyler Mathisen of CNBC and Susie Gharib, the other current NBR co-anchor, will anchor the show according to a CNBC statement.

-HP reported a fiscal first-quarter profit of $1.2 billion, or 63 cents a share, compared with a profit of $1.5 billion, or 73 cents a share, for the year-earlier period. Revenue fell to $28.4 billion, from $30 billion. Adjusted profit was 82 cents a share.Analysts polled by FactSet were expecting on average an adjusted profit of 71 cents a share, on revenue of $27.9 billion, according to data from FactSet.For the current quarter, H-P said it expects adjusted profit in the range of 80 cents to 82 cents a share. The company’s fiscal-second-quarter results will “exclude after-tax costs of approximately 42 cents per share, related primarily to the amortization of purchased intangible assets, restructuring charges and acquisition-related charges.”Analysts on average were expecting a profit of 77 cents a share, according to data from FactSet.HP’s enterprise-services unit saw a 7% year-over-year decline in revenue, while PC sales fell 8% from the year-earlier period.

-Newmont Mining Corp.  swung to a fourth-quarter profit as a large write-down weighed on the gold-mining company’s year-ago results.Shares were up 2.3% to $41.50 after hours as adjusted earnings topped analyst expectations.Newmont, the world’s second-biggest gold producer after Barrick Gold Corp. (ABX, ABX.T), had posted weaker bottom-line results in recent quarters, hurt by lower production and higher costs, as well as write-downs and other one-time charges.The latest period included a $58 million write-down of property, plant and mine development, compared with a $2.08 billion write-down a year earlier.The company backed its full-year gold and copper production targets. Gold production this year is expected to remain roughly flat, while copper production is expected to grow from last year.The company, which serves as the project manager for the troubled $5 billion Minas Conga copper-and-gold project in northern Peru, is up against antimining activists who are demanding the government shut down the project, saying it threatens water supplies.Newmont reported a fourth-quarter profit $673 million, compared with a year-earlier loss of $1.03 billion. Excluding write-downs and other adjustments, per-share earnings fell to $1.11 from $1.14. Revenue slipped 10% to $2.48 billion.Analysts polled by Thomson Reuters had expected earnings of 97 cents a share and revenue of $2.67 billion.Attributable gold production slipped 1.3% to 1.3 million ounces, while attributable copper output slipped 22% to 35 million pounds. The average realized price for gold was $1,700 an ounce, while the average realized price for copper was $3.22 a pound.The stock is off 14% over the past three months. MW

-Futures

Futures Index Value % Change Open High Low Time
Americas Futures
DJIA INDEX FUTURE Mar13 13,892.00 +0.14% 13,885.00 13,913.00 13,882.00 02:32:00
S&P 500 FUTURE Mar13 1,505.00 +0.25% 1,503.10 1,506.70 1,502.20 02:32:00
NASDAQ 100 FUTURE Mar13 2,720.25 +0.22% 2,719.00 2,723.50 2,719.00 02:31:58
EURO STOXX 50 Mar13 2,593.00 +0.54% 2,593.00 2,595.00 2,590.00 02:26:25
FTSE 100 IDX FUT Mar13 6,297.50 +0.35% 6,295.00 6,342.00 6,292.00 02:26:25
DAX INDEX FUTURE Mar13 7,618.50 +0.48% 7,622.50 7,631.00 7,615.50 02:26:4

-0143 Asia

Japan finished up .68 pc as Abe and some of his cabinet  were in Washington DC meeting with the Obama Regime. The Nikkei closed at 11386.  Putin has requested a peace treaty between Japan and Russia and called the lack of one ‘abnormal’. Japan’s PM Abe may announce talks regarding entry into the  Trans Pacific Partnership (TPP) following return from US trip on Sunday, but a Sr. USA trade official said there were a number of issues related to rice and auto imports to Japan that would have to be addressed before Japan could enter the TPP. Abe is also looking for support over North Korea’s regional threats, said to be the principal item he is there to discuss by the Japanese press.

Japan’s transport minister said Friday that the ministry had concluded its investigation into fuel leaks on a Japan Airlines Co. Boeing 787 Dreamliner in January, and instructed the airline to take steps to prevent the recurrence of the problem.

Japan’s economy minister  stressed the importance of monetary policy in overcoming deflation, saying that the market is looking at whether the Bank of Japan is serious about its new inflation target.”The market is evaluating how much resolve the central bank has to continue its monetary expansion to accomplish an appropriate inflation goal,” Akira Amari said at a press conference.Inflation expectations will never grow “as long as the BOJ maintains an attitude of ‘deflation is not our problem,’” he said.It is important to stop businesses from hoarding cash, he said, while acknowledging that inflation fears alone are not enough to push them into spending, and called for further deregulation to create opportunities for business investments.

Japan’s Finance Minister on Friday signaled his wariness of appointing a scholar as the next head of the Bank of Japan, saying people with no experience in running a large organization are “unfit” for the job.”Things don’t move smoothly when those who have no experience in managing organizations try to administer an institution,” Taro Aso said at a news conference after a regular Cabinet meeting. “I don’t think the Bank of Japan, another requirement he outlined for a new BOJ governor would be to steer monetary policy in line with the joint statement the central bank signed with the government in January, which pledged joint efforts to overcome Japan’s deflation and bring about 2% inflation at the earliest possible date. Aso said he has not discussed buying Korean bonds as part of the QE plan with the BOJ.

Chinese leader Xi Jinping  called for better development of the Shanghai Cooperation Organization (SCO) as he met with the its new general secretary Dmitry Mezentsev.

 

Xi calls for further development of SCO

Chinese leader Xi Jinping (R) meets with Dmitry Mezentsev, new general secretary of the Shanghai Cooperation Organization (SCO), in Beijing on Friday. [Photo/Xinhua]

 

The usual denunciation of USA imperial aggression by the imperial palace of the Communist Chinese continued over the cyber-warfare issue. Perhaps what is bringing this about is the ending of dollar hegemony in S.E Asia. Notice it is England who immediately defected from the dollar camp in the West. No surprise given the Crown’s hidden agreement to work with China  to destroy the USA.

From China Daily…

The Chinese mainland is turning to more partners around the world to launch the next phase of yuan internationalization, with each partner selected to play a role.

After Hong Kong was given an eight-year head start as an offshore business center for the yuan, recent developments in the use of the currency in Singapore, Taiwan and London have been “very encouraging”, said Peng Xingyun, a researcher and financial specialist at the Chinese Academy of Social Sciences.

These developments may indicate a rising recognition of the currency worldwide, he said.

They also reflect Chinese monetary authorities’ accelerating pace of expanding offshore renminbi hubs while moving toward the currency’s convertibility for the capital account and forging ahead with domestic financial reform, he said.

Nathan Chow, an economist at DBS Bank Ltd, said, “Market confidence in accepting renminbi for trade settlement will increase. In turn, this will encourage more participation from corporations and banks, potentially increasing the range of renminbi investment products.”

Chow said Singapore will serve as a gateway to Southeast Asia, while Taiwan is expected to become a local hub for yuan settlement and trading.

Hong Kong’s dominant role will remain, and the emergence of new offshore centers will expand the existing regime instead of creating competing systems, he said.

The People’s Bank of China, the central bank, approved the Singapore branch of the Industrial and Commercial Bank of China on Feb 8 as the clearing bank in Singapore, which indicates the city state will become the third offshore yuan center after Hong Kong and Taiwan.

Ravi Menon, managing director of the Monetary Authority of Singapore, said the appointment marks a “milestone” and enables Singapore’s financial center to play a useful role in facilitating greater use of the yuan.

The announcement came two days after Taiwan’s banks started accepting deposits and conducting interbank trading in yuan. The People’s Bank of China announced earlier that the Bank of China’s Taipei branch will serve as the yuan-clearing bank on the island.

The yuan will quickly become a trade invoicing currency in Asia as the three offshore yuan centers are all in industrialized economies, the Australia and New Zealand Banking Group said in a research note. It added that South Korea has recently allowed its commercial banks to tap into the yuan swap arrangement, and Japan was able to conduct yuan trading in June.

Enthusiasm for boosting the use of the yuan has also spread outside of Asia.

The Bank of England said last month it is prepared in principle to become the first G7 central bank to enter into a foreign exchange swap agreement with China.

Under a swap agreement, central banks agree to exchange each other’s currency and can then lend the money out to domestic banks in cases of emergency.

Peng said the move is a major breakthrough as swap agreements were previously confined to developing countries or economies with close bilateral trade connections.

“Now it’s extended to a major world financial center of foreign exchange trade, and that means a lot,” Peng said.

In more mundane matters January new home prices were up in 53 out of 70 major cities in China on m/m and y/y basis,  Across all 70 cities, prices rose 0.8%, which was the first increase since Feb 2012.  China National Bureau of Statistics (NBS) indicated property prices are expected to remain stable, downplaying worries over a bubble by noting that property rates in Tier 2-4 cities are still falling; Apparent lack of panic from NBS is translating into short-covering among the sellers of the past 2 days; USD and JPY were both down at the expense of commodity fx, metals, and regional indices. The Shanghai Composite and Hang Seng were both down around .5 pc in late trading.

Singapore reported much better than expected Q4 final GDP at 3.3 y/y, and maintained the 2013 forecast.

RBA Gov Stevens at his testimony before the House drove AUD gains, reflecting his opinion on a bottom in China, a gradual recovery in the USA, and overall diminished risks to global growth. Stevens  noted there is plenty of interest rate stimulus still in the pipeline and hinted policy setting has reached equilibrium.  Stevens expressed continued dislike for “slightly overvalued” currency levels. The ASX finished up .76 pc.

Hyundai Motor Group said  that the cumulative global sales of its vehicles are expected to break the 50 million mark in March on the back of solid demand abroad despite the global economic downturn.Hyundai Motor, Korea’s top automaker, and its smaller affiliate Kia Motors said their combined vehicle sales abroad reached 48.3 million at the end of last year. Hyundai started exporting cars in 1976 and Kia in 1975. This is nothing short of remarkable given Korea has no energy or iron ore. The Korean press was adamant that it was Japan’s job to fix with Washington this N. Korea issue. The Kospi was up .18.

 

Economic Release Summary

(CN) CHINA JAN NEW HOME PRICES M/M: Rose in 53 of 70 cities vs 54 prior; Y/Y: prices rose in 53 of 70 cities vs 40 prior
(SG) SINGAPORE Q4 FINAL GDP Q/Q: 3.3% V 2.0%E; Y/Y: 1.5% V 1.2%E
(NZ) NEW ZEALAND JAN CREDIT CARD SPENDING M/M: -2.5% V +1.0% PRIOR; Y/Y: 0.4% V 4.5% PRIOR (3-month low)
(US) NORTH AMERICA JAN SEMI BOOK/BILL RATIO: 1.14 V 0.92 PRIOR (first print above parity in 10 months)

Country: Index Last Change % Chg
Asia Dow 2996.47 -4.27 -0.14
DJ Asia-Pacific TSM 1358.02 0.49 0.04
Australia: All Ordinaries* 5036.70 38.10 0.76
Australia: S&P/ASX* 5018.10 38.00 0.76
China: DJ CBN China 600 21656.94 -74.67 -0.34
China: DJ Shanghai 295.83 -1.13 -0.38
China: Shanghai Composite 2315.41 -10.54 -0.45
China: Shenzhen Composite 950.35 0.34 0.04
China: Shanghai 50 1884.96 -12.94 -0.68
Hong Kong: Hang Seng 22798.98 -107.69 -0.47
India: BSE Sensex 19309.37 -15.99 -0.08
India: S&P CNX Nifty 5844.55 -7.70 -0.13
Indonesia: JSX Index 4631.45 -0.96 -0.02
Indonesia: JSX BISNIS 27 399.00 0.01 0.00
Indonesia: JSX Islamic 622.67 -2.05 -0.33
Indonesia: JSX LQ-45 789.96 -0.75 -0.09
Indonesia: PEFINDO-25 485.99 -1.87 -0.38
Indonesia: SRI-KEHATI 250.16 -0.50 -0.20
Japan: DJ Japan TSM* 600.21 0.42 0.07
Japan: Nikkei Average* 11385.94 76.81 0.68
Japan: TOPIX Index* 963.48 0.62 0.06
Malaysia: DJ Malaysia TSM 3010.93 5.82 0.19
Malaysia: FTSE Bursa Malaysia KLCI 1616.28 2.23 0.14
New Zealand: NZX 50* 4214.60 44.17 1.06
S. Korea: KOSPI* 2018.89 3.67 0.18
S. Korea: KOSPI 50* 1757.87 -0.47 -0.03
S. Korea: KOSPI 100* 2027.68 1.54 0.08
S. Korea: KOSPI 200 Composite* 267.15 0.30 0.11
Singapore: FTSE Straits Times 3283.56 -4.04 -0.12
Taiwan: TAIEX* 7947.72 -9.74 -0.12
Thailand: SET 1539.99 11.25 0.74
Gold 1585.20 +6.60 +0.42%
Silver 28.858 +0.159 +0.55%
Copper 3.583 +0.023 +0.64%
Crude Oil 93.12 +0.28 +0.30%
Natural Gas 3.235 -0.007 -0.22%
US Cotton No.2 83.48 +0.37 +0.45%
US Coffee C 141.45 -0.07 -0.05%
EUR/USD 1.3217 +0.0028 +0.21%
GBP/USD 1.5294 +0.0043 +0.28%
USD/JPY 93.33 +0.23 +0.24%
USD/CHF 0.9291 -0.0021 -0.23%
AUD/USD 1.0317 +0.0069 +0.67%
USD/CAD 1.0162 -0.0024 -0.24%
EUR/GBP 0.8642 -0.0006 -0.07%

GLD: SPDR Gold Trust ETF daily holdings fall by 8.9 tons to 1,290.3 tons (lowest since 1289.4 on Sept 12th)

SLV: iShares Silver Trust ETF daily holdings rise to 10,602 tons from 10,539 tons prior (highest since 10,690 on Jan 23rd)

Bonds

Japan 10yr 0.74-0.01, 0.76%

U.S. 10yr 1.99+0.01, -0.46

-The FED expanded its balance sheet to  3,096,802 mln, +   20,901 mln w/w and + 161,653 mln y/y. UST increased by  7,979 mln and MBS  23,046 mln. It liquidated 10,111 mln  in unspecified securities, plus other small amounts. 

-After Hours Summary

JWN: Reports Q4 $1.40 v $1.34e, R$3.70B v $3.69Be; -2.3% afterhours
INTU: Reports Q2 $0.33 v $0.34e, R$968M v $996Me; +0.1% afterhours
MRVL: Reports Q4 $0.19 v $0.13e, R$775M v $724Me; +5.5% afterhours
 HPQ: Reports Q1 $0.82 v $0.71e, R$28.4B v $27.9Be; +6.1% afterhours
WBMD: Reports Q4 $0.08 v -$0.04e, R$132.7M v $124Me; +14.0% afterhours

-Geopolitical Headliners

News-www.antiwar.com
Updated February 22, 2013 – 12:22 AM EST
Lindsey Graham Says US Drones Killed 4,700
Israel OKs Cheney Firm to Drill in Occupied Golan
Draconian Arrests of Palestinians
UN Pushes Israel to Cooperate With Drone Probe
Poll: 68% of Palestinians Support Peace Talks If Settlements Frozen
Sharon in 1983: Israel Could Be Accused of Genocide
Syrian Rebels Attack Hezbollah in Lebanon
59 Killed, Mostly Civilians, as Rebels Bomb Damascus
Syrian Rebels Blame US for Not Winning Civil War
US Threatens Sanctions on Pakistan for Pipeline
How Can We Rule the World With 1 Less Warship in the Persian Gulf?
NATO Chief Urges Nations to Halt Defense Cuts
String of Attacks Leaves 26 Killed, 50 Wounded Across Iraq
NATO Set to Continue Funding Huge Afghan Army
North Korea: NATO War in Libya Proves Disarming Is Unwise
Graham Goes After Hagel on ‘Israeli Apartheid’ Views
Viewpoints
Bradley Manning: One Thousand Days When One Is Too Many by Kevin B. Zeese
The Deadly Duo  by Linda S. Heard
Why Isn’t Murder of an American Boy an Impeachable Offense? by Jacob G. Hornberger
Cut Commitments, Not Muscle by Patrick J. Buchanan
Afghanistan, Garden of Empire by Julien Mercille
Arming Syria Will Hinder Peace by Ian Garner & Jeremy Presto

- These things I have spoken unto you, that in me ye might have peace. In the world ye shall have tribulation: but be of good cheer; I have overcome the world.

John 16-33

-Economic Calendar

Time Cur. Imp. Event Actual Forecast Previous
02:00   EUR     German GDP (QoQ) -0.6% -0.6%
02:00   EUR     German GDP (YoY) 0.1% 0.1%
03:30   HKD     Hong Kong CPI (YoY) 3.20% 3.70%
04:00   EUR     German Business Expectations 101.3 100.5
04:00   EUR     German Current Assessment 108.5 108.0
04:00   EUR     German Ifo Business Climate Index 105.0 104.2
04:00   EUR     Italian CPI (YoY) 2.2% 2.2%
04:00   EUR     Italian CPI (MoM) 0.2% 0.2%
05:00   EUR     Italian Consumer Confidence 84.8 84.6
06:00   EUR     Italian Retail Sales (MoM) 0.3% -0.4%
06:30   INR     Indian Bank Loan Growth 16.00%
06:30   INR     Indian FX Reserves, USD 294.54B
08:30   CAD     Core CPI (MoM) 0.1% -0.6%
08:30   CAD     Core Retail Sales (MoM) -0.1% -0.3%
08:30   CAD     CPI (MoM) 0.0% -0.6%
08:30   CAD     CPI (YoY) 1.0% 0.8%
08:30   CAD     Retail Sales (MoM) -0.8% 0.2%
09:00   MXN     Mexican Unemployment Rate 5.0% 4.5%
10:30   USD     ECRI Weekly Annualized (WoW) 8.30%
11:00   CAD     Budget Balance -1.85B

Newslinks 

-Volkswagen profits jumped by more than 40% last year as car sales grew:http://f24.my/1597EJT

-GOP wants to increases war/security/police state and cut benefits.

Why I despise the GOP. The USA military is foul, satanic and corrupt beyond anyone’s comprehensions. We need Generals reduced to taxi cab drivers and beggars in this country due to their wars for the British-Israel gang. Let the Europeans secure their own oil.

http://online.wsj.com/article/SB10001424127887323864304578318571638725986.html?mod=WSJ_hpp_LEFTTopStories

-Bumi’s Defeat of Rothschild Clears Way for Split With Bakries

http://www.bloomberg.com/news/2013-02-21/bumi-closer-to-bakrie-separation-as-rothschild-proposals-snubbed.html

-Spain’s Graft Scandals Reach Palace as King’s Adviser Testifies

http://www.bloomberg.com/news/2013-02-21/spain-s-graft-scandals-reach-palace-as-king-s-adviser-testifies.html

 

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