WORLD STOCK MARKETS UP TODAY EXCEPT . . . WOULD YOU LIKE TO GUESS?

 Good news is sweeping the world stock markets. Japan's Nikkei hit a 33 year high. The Hang Seng is also bullish.

Today there were two major news items that have sent world stock markets up. One is an interest rate cut of 0.1% in China. The second is the expected release of economic data in the US that is expected to show that their inflation rate has come down. This means there will be no more need for the US Fed to raise their interest rates. This means borrowing costs should not become any higher and the US economy will react positively. Same argument for China. (The US Dollar may also cool off.)

All this has sent world stock markets up. In the table below (today's data) 30 out of 36 stock markets around the world have closed higher. Market up. Only six stock markets are down. Of course our Bursa Malaysia or KLSE is one of the downers. It closed in the red today. 

 

Who is in charge of our economy?

I was born and raised in Ipoh till age 14. We lived not too far from a place called Farlim where there were a lot of Cantonese folks. The whole of Perak is Cantonese.  There are some very colourful words in Cantonese.

The views expressed are those of the writer and do not necessarily reflect those of MMKtT