Some of the Apple (AAPL, quote) food chain names saw pop last night as China Mobile (CHL, quote) posted a notice on their website (which they later removed) they would be taking preorders for iPhones from 12th Dec. Smartphone demand is massive in China but just not sure this is the market for Apple.
Clean sweep on the China data this week as last night’s Industrial Production and Retail Sales were solid.
Euro closing in on highs for the year and it can breakout further. How…if the Fed is about to tighten is this happening??
Chart of the Day: U.S. Job Openings Index is at highest level since May 2008. The index is now 80% higher off the lows set in the summer of July 2009.
In state polls last night in India the opposition party won a stunning upset in areas that hold about 200 million people.
China Exports inspire a short term rally but let’s keep enthusiasm at a minimum and understand the big picture.
Russia is oversold. While Russia may not be the best longer term trading call, present conditions look oversold.