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Looking at the World’s Stock Markets




“World stocks eased from their record highs, while USD reached its highest in 8 days Thursday, after hawkish/dovish remarks from a senior Federal official” — Paul Ebeling

Fed Vice Chairman Clarida said Wednesday he felt the conditions for raising interest rates could be met by the end of Y 2022, raising Qs about when the Fed might begin to scale back its bond-buying program

It is a question not of if the Fed taper but how fast the Fed taper, I say, not now or for a while.

The MSCI world shares index was steady at 729.68, versus a record peak of 731.88 hit in Wednesday’s session.

European stocks hit record highs and were up 0.21% on strong earnings from Danish company Novo Nordisk and German industrial firm Siemens.

UK stocks were steady and the GBP rose 0.18% against USD ahead of a Bank of England Policy meeting.

Chinese regulatory crackdowns on sectors from property to education squeezed Chinese stocks and overshadowed the region as a whole.

The Chinese blue chip index was down 0.61%, weighed primarily by investors dumping online gaming companies, fertilizer producers and e-cigarette makers fearing criticism of these industries in state media could portend more government crackdowns.

The Hong Kong index fell 0.83% and Korea, was down 0.3%. But Australian shares hit a record closing high, led by banking stocks, and Japan’s Nikkei climbed 0.52%.

Have a prosperous day, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.