JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER.
1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
BANK RELATED INFORMATION
http://israndjer.blogspot.ca/2015/09/bank-related-links.html
CURRENCIES
http://www.bloomberg.com/markets/currencies
COMMODITIES
http://www.bloomberg.com/markets/commodities
UPDATE-SEPTEMBER 14,2015-12:00AM
DOW MARKET MONDAY-SEPT 14,2015
09:30AM-8.29-
10:00AM-81.88-
10:30AM-61.23-
11:00AM-36.81-
11:30AM-56.22-
12:00PM-84.25-
12:30PM-81.04-
01:00PM-84.82-
01:30PM-91.56-
02:00PM-45.43-
02:30PM-78.97-
03:00PM-63.80-
03:30PM-71.09-
04:00PM-62.13- 16,370.96
HIGH +1 LOW-119
TSX -108.13 13,353.34 - GOLD +$1.38 $1,109.15 - OIL -$0.57 $44.06
NOTHING HAPPENED TODAY IN THE STOCK MARKETS-ROSH HASHANA IS ON TILL TOMORROW AT 11AM EST-THEN ITS DONE WITH.
IF ANY THING IS GOING TO HAPPEN TO THE WORLD STOCK MARKETS.IT WILL HAPPEN ON DAY 1 OF ROSH HASHANA STARTING SUN SEPT 13,15 AT 11AM EST-6PM ISRAEL TIME.IF ANY THING TO HAPPEN.IT WILL START IN ASIA SUN NIGHT - THEN CONTINUE INTO THE NORTH AMERICAN MARKETS ON MON SEPT 14,15.
U.S. stocks end lower as Fed decision looms-Published: Sept 14, 2015 4:05 p.m. ET-market watch-By Anora Mahmudova-Reporter
U.S. stocks closed lower on Monday as investors remained hesitant to buy stocks ahead of the Federal Reserve's much anticipated policy meeting this week. The Federal Open Market Committee begins a two-day meeting on Wednesday and will deliberate the first interest rate hike in nearly a decade with analysts split about the outcome. The S&P 500 SPX, -0.41% closed 8.03 points, or 0.4% lower at 1,953.02. The Dow Jones Industrial Average DJIA, -0.38% slipped 62.13 points to 16,370.96. The Nasdaq Composite COMP, -0.34% ended the day down 16.58 points, or 0.3% at 4,805.76.
China’s Yuan Positions Drop by Record Amid Defense of Currency-Bloomberg News-September 14, 2015 — 7:09 AM EDT
Yuan positions at China’s central bank and financial institutions fell by the most on record in August, a sign that policy makers stepped up intervention to support the currency.The total for the People’s Bank of China fell by 318.4 billion yuan to 26.1 trillion yuan ($4.1 trillion) from the end of July, according to data posted on the authority’s website on Monday. Yuan positions at Chinese financial institutions accumulated from foreign-exchange purchases tumbled 723.8 billion yuan to 28 trillion yuan, the data show.“The massive drop in yuan positions results from accelerated capital outflows in August, as depreciation expectation on the yuan became very strong,” said Liu Jian, a Shanghai-based researcher at Bank of Communication Co. “Also, the PBOC sold the dollar to prop up the yuan in the spot market. China will continue to face outflow pressures as the economic fundamentals are weakening.”Evidence is mounting that the government’s 7 percent economic growth target could be out of reach and prompt policy makers to boost stimulus. August reports released Sunday showed that investment slowed and industrial output missed forecasts.The PBOC’s yuan devaluation last month triggered the currency’s steepest slide in two decades as policy makers announced a shift to a more market-driven exchange-rate mechanism. China’s foreign-exchange reserves fell by a record $93.9 billion last month to $3.56 trillion as the authorities sold dollars to support the yuan.-Curbing Outflows-China has taken several measures to stem outflows and limit depreciation bets on the yuan. The State Administration of Foreign Exchange has told banks to conduct special checks on currency trading under capital accounts, people familiar with the matter said Monday. Earlier this month, the PBOC asked financial institutions to set aside 20 percent of forward contract sales in reserve for a year with zero interest."China’s introduction of administrative measures to curb capital outflows and its measures to maintain confidence in the stability of the exchange rate has reduced anxiety in the market," said Tommy Ong, managing director for treasury and markets at DBS Bank Hong Kong Ltd. "Therefore, depreciation expectation has eased and the outflow pressures will probably not be as strong as last month in September."
Charting the Markets: China Stocks Drop as the World Awaits the Fed-The Shanghai Composite Index drops, the euro climbs and copper dips-Mark Barton-September 14, 2015 — 6:12 AM EDT-bloomberg
New week, same China. Data over the weekend showed industrial output missed estimates. Investment in the first eight months also increased at the slowest pace since 2000, adding to concern the slowdown in the world's second largest economy is deepening. Asian stocks swung between gains and losses after rising for the first week in eight, ending the worst streak in four years. The big event of the week comes on Thursday when the Federal Reserve may raise U.S. interest rates for the first time since 2006. European stocks gained at the open after rising for the second week in three.After rising for the first week in four, the Shanghai Composite Index slid after disappointing economic data, overshadowing a plan to overhaul state-owned enterprises. The benchmark equity gauge has sunk 21 percent since China devalued the yuan almost five weeks ago. That equates to almost $1 trillion of value. The index is 40 percent below the June 12 record. China-listed companies in Hong Kong - otherwise known as H-shares - finished little changed after the biggest weekly advance since April.The euro rose for a seventh day against the dollar, the best run since December 2013. Futures contracts put the chance of a U.S. interest rate hike at 28 percent on Thursday, odds that are weighing on the dollar against most of its 16 major peers today. Unlike traders, economists are divided over whether the Fed will raise the cost of borrowing from a record low level. Ahead of the decision, inflation data on Wednesday is likely to be benign. Consumer prices are forecast to fall 0.1 percent in August, the first negative number since January. Such a reading will provide further evidence for some Fed officials who want to see a lift-off in inflation before starting to tighten policy.Copper dropped after China's industrial production and fixed asset investment data added to evidence of a deteriorating economic outlook. The country is the world's biggest consumer of base metals. Copper's decline comes after a 5 percent gain last week, the biggest since May. Still, it's dropped for seven weeks in nine and is trading 18 percent below this year's high in May. Slowing growth in China and other emerging markets is one reason. The prospect of higher U.S. interest rates is another. Such an eventuality could boost the dollar and make the metal more expensive for overseas buyers.Mark Barton is a presenter on Bloomberg TV. Follow him on Twitter @markbartontv
Sluggish China Output and Investment Signal More Stimulus On Way-Bloomberg News-September 13, 2015 — 12:01 PM EDT-bloomberg
China’s economic growth remains stuck below the government’s target of about 7 percent this year, raising prospects for additional stimulus.Bloomberg’s monthly gross domestic product tracker was at 6.64 percent last month, barely changed from July. Industrial output missed economists’ forecasts Sunday, while investment in the first eight months increased at the slowest pace since 2000.In a juggling act that’s getting more complex by the month, authorities are seeking to cushion the slowdown, support the stock market, stabilize the yuan and press on with reforms to open up the world’s second-biggest economy. On Sunday, the government officially announced plans to reform state-owned enterprises, including by listing more of them, in another attempt to boost long-term growth.“The economy still faces serious downward pressure," said Wang Tao, chief China economist at UBS Group AG in Hong Kong. "The government will have to redouble efforts in pushing infrastructure investment in the rest of the year to stabilize growth."Five interest- rate cuts since November and plans to boost government spending have yet to revive an economy mired in a property slump, overcapacity and factory deflation.The government’s plans for channeling more private money into SOEs and for managing state capital more efficiently, reported by the official Xinhua News Agency and previously detailed by Bloomberg on Sept. 8, leave scope for the largest overhaul of those businesses since the 1990s.Such big-picture ambitions sit alongside the need for more immediate measures to support growth.The finance ministry recently called for stronger fiscal policy to counter downward pressures. The country is raising the quota for a bond-swap program for regional authorities to 3.2 trillion yuan ($500 billion) to help ease debt pressure.“From the perspective of monetary policy, the government has done what it can, but demand from the real economy needs to pick up to really make use of that,” said Ding Shuang, chief China economist at Standard Chartered Plc in Hong Kong.“Now the government can only rely on fiscal policy," Ding said. "The dept-swap program can help relieve pressure, and the government needs to expedite the pace to approve investment projects."August data released Sunday showed a challenging picture for policy makers. Fixed asset investment excluding rural households climbed 10.9 percent in the first eight months versus 11.2 percent median projection of economists surveyed by Bloomberg, falling short for a sixth time out of the last seven reports. Industrial output rose 6.1 percent in August from a year earlier, missing the 6.5 percent estimate.Factory shutdowns in Beijing and surrounding provinces before a Sept. 3 military parade in the capital may also have contributed to the weaker-than-forecast output reading. Even with a lower base in the comparison to the year-earlier period, there still wasn’t much acceleration in output growth.Premier Li Keqiang said last week that China can still maintain mid- to high-speed growth. Officials will press on with reforms to shift reliance from manufacturing and exports to services and consumption, he said Wednesday at a forum in the Chinese city of Dalian.The 10.8 percent retail sales growth was the bright spot in Sunday’s data releases, beating the forecast of a 10.6 percent gain. Transactions picked up in part on higher food prices, signaling resilient consumption.The retail sales data suggest that the stock-market slide won’t deal a blow to household confidence and dent consumption, according to a note Sunday by Bloomberg Chief Asia Economist Tom Orlik in Beijing."Robust spending on roads, waterworks, and other public projects is offsetting the slowdown in capital spending in real estate and manufacturing," Orlik wrote.
China Fixed-Asset Investment Tumbles to Lowest Since 2000-Bloomberg News-Updated on September 13, 2015 — 3:36 AM EDT
China’s fixed-asset investment rose at the slowest pace in 15 years and industrial production trailed analyst estimates, raising further question marks over the effectiveness of government efforts to revive growth. Investment excluding rural households climbed 10.9 percent in the first eight months, the National Statistics Bureau said Sunday, versus 11.2 percent median projection of economists surveyed by Bloomberg. Industrial output rose 6.1 percent in August from a year earlier, missing the 6.5 percent estimate.Retail sales rose 10.8 percent in August, beating the projected 10.6 percent gain and July’s 10.5 percent rise.“The economy is showing no sign of recovery," said Ding Shuang, chief China economist at Standard Chartered Plc in Hong Kong. “From the perspective of monetary policy, the government has done what it can, but demand from the real economy needs to pick up to really make use of that.”The weakening economic figures underscore the challenge the government faces in meeting its growth target of 7 percent this year, as exports decline and producer price deflation deepens. Factory shutdowns in Beijing and surrounding provinces before a Sept. 3 military parade in the capital may also have contributed to the weaker-than-forecast output reading.-Weak Side’-"Demand for industrial products from domestic and overseas markets is still on the weak side," Jiang Yuan, senior statistician at NBS, wrote in a statement issued with the report. "Downward pressure on industries is still relatively big."A Bloomberg gauge of monthly estimated gross domestic product increased 6.64 percent in August, in line with the July reading of 6.63 percent.Retail sales were the bright spot in Sunday’s data releases. Transactions picked up in part on higher food prices, signaling resilient consumption.Investment in real estate development rose 3.5 percent in the first eight months of the year, down 0.8 percentage point from the January to July period. That reading was less than a tenth of the pace during the same period five years earlier."Weighted by the pressure of property destocking and weak land sales, real estate developers lack willingness to invest," Wang Baobin, senior statistician at NBS, wrote in a statement.Electricity output rose 1 percent from a year earlier in August, suggesting that factories aren’t seeing activity pick up.The finance ministry recently called for stronger fiscal policy to counter the sluggishness. In addition, the central bank has cut interest rates five times since November and lowered required reserves banks need to set aside.
OTHER STORIES
http://israndjer.blogspot.ca/2015/08/is-america-counting-on-tower-of-babel.html
http://israndjer.blogspot.ca/2015/08/will-there-be-microchip-implant-that.html
IRAN-SAUDI-ARABIA PROPHECY AND WW3
http://israndjer.blogspot.ca/2015/09/jewish-rabbi-predicts-saudi-arabiairan.html
CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION
http://israndjer.blogspot.ca/2015/09/chinas-new-normal-growth-model-is.html
http://israndjer.blogspot.ca/2015/09/dow-down-239-points-yesterdayindia.html
http://israndjer.blogspot.ca/2015/09/does-currency-manipulation-devaluations.html
http://israndjer.blogspot.ca/2015/09/after-holiday-back-to-markets-what-will.html
http://israndjer.blogspot.ca/2015/09/father-of-euro-fears-of-eu-super-state.html
http://europa.eu/rapid/press-release_IP-15-5240_en.htm
http://israndjer.blogspot.ca/2015/09/with-labour-day-holiday-today-in-canada.html
http://israndjer.blogspot.ca/2015/09/rumours-next-year-european-union-is.html
http://israndjer.blogspot.ca/2015/09/dow-up-meer-23-points-yesterday-after.html
http://israndjer.blogspot.ca/2015/09/china-is-on-holidays-for-rest-of-week.html
http://israndjer.blogspot.ca/2015/09/china-should-clearly-explain-their.html
http://israndjer.blogspot.ca/2015/08/whats-real-reason-for-latest-market.html
http://israndjer.blogspot.ca/2015/08/last-day-of-aug-trading-what-will-sept.html
http://israndjer.blogspot.ca/2015/08/after-619-point-rise-yesterday-see-what.html
http://israndjer.blogspot.ca/2015/08/yesterday-dow-was-up-440-points-and.html
http://israndjer.blogspot.ca/2015/08/i-believe-this-china-devaluing-of-its.html
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
BANK RELATED INFORMATION
http://israndjer.blogspot.ca/2015/09/bank-related-links.html
CURRENCIES
http://www.bloomberg.com/markets/currencies
COMMODITIES
http://www.bloomberg.com/markets/commodities
UPDATE-SEPTEMBER 14,2015-12:00AM
DOW MARKET MONDAY-SEPT 14,2015
09:30AM-8.29-
10:00AM-81.88-
10:30AM-61.23-
11:00AM-36.81-
11:30AM-56.22-
12:00PM-84.25-
12:30PM-81.04-
01:00PM-84.82-
01:30PM-91.56-
02:00PM-45.43-
02:30PM-78.97-
03:00PM-63.80-
03:30PM-71.09-
04:00PM-62.13- 16,370.96
HIGH +1 LOW-119
TSX -108.13 13,353.34 - GOLD +$1.38 $1,109.15 - OIL -$0.57 $44.06
NOTHING HAPPENED TODAY IN THE STOCK MARKETS-ROSH HASHANA IS ON TILL TOMORROW AT 11AM EST-THEN ITS DONE WITH.
IF ANY THING IS GOING TO HAPPEN TO THE WORLD STOCK MARKETS.IT WILL HAPPEN ON DAY 1 OF ROSH HASHANA STARTING SUN SEPT 13,15 AT 11AM EST-6PM ISRAEL TIME.IF ANY THING TO HAPPEN.IT WILL START IN ASIA SUN NIGHT - THEN CONTINUE INTO THE NORTH AMERICAN MARKETS ON MON SEPT 14,15.
U.S. stocks end lower as Fed decision looms-Published: Sept 14, 2015 4:05 p.m. ET-market watch-By Anora Mahmudova-Reporter
U.S. stocks closed lower on Monday as investors remained hesitant to buy stocks ahead of the Federal Reserve's much anticipated policy meeting this week. The Federal Open Market Committee begins a two-day meeting on Wednesday and will deliberate the first interest rate hike in nearly a decade with analysts split about the outcome. The S&P 500 SPX, -0.41% closed 8.03 points, or 0.4% lower at 1,953.02. The Dow Jones Industrial Average DJIA, -0.38% slipped 62.13 points to 16,370.96. The Nasdaq Composite COMP, -0.34% ended the day down 16.58 points, or 0.3% at 4,805.76.
China’s Yuan Positions Drop by Record Amid Defense of Currency-Bloomberg News-September 14, 2015 — 7:09 AM EDT
Yuan positions at China’s central bank and financial institutions fell by the most on record in August, a sign that policy makers stepped up intervention to support the currency.The total for the People’s Bank of China fell by 318.4 billion yuan to 26.1 trillion yuan ($4.1 trillion) from the end of July, according to data posted on the authority’s website on Monday. Yuan positions at Chinese financial institutions accumulated from foreign-exchange purchases tumbled 723.8 billion yuan to 28 trillion yuan, the data show.“The massive drop in yuan positions results from accelerated capital outflows in August, as depreciation expectation on the yuan became very strong,” said Liu Jian, a Shanghai-based researcher at Bank of Communication Co. “Also, the PBOC sold the dollar to prop up the yuan in the spot market. China will continue to face outflow pressures as the economic fundamentals are weakening.”Evidence is mounting that the government’s 7 percent economic growth target could be out of reach and prompt policy makers to boost stimulus. August reports released Sunday showed that investment slowed and industrial output missed forecasts.The PBOC’s yuan devaluation last month triggered the currency’s steepest slide in two decades as policy makers announced a shift to a more market-driven exchange-rate mechanism. China’s foreign-exchange reserves fell by a record $93.9 billion last month to $3.56 trillion as the authorities sold dollars to support the yuan.-Curbing Outflows-China has taken several measures to stem outflows and limit depreciation bets on the yuan. The State Administration of Foreign Exchange has told banks to conduct special checks on currency trading under capital accounts, people familiar with the matter said Monday. Earlier this month, the PBOC asked financial institutions to set aside 20 percent of forward contract sales in reserve for a year with zero interest."China’s introduction of administrative measures to curb capital outflows and its measures to maintain confidence in the stability of the exchange rate has reduced anxiety in the market," said Tommy Ong, managing director for treasury and markets at DBS Bank Hong Kong Ltd. "Therefore, depreciation expectation has eased and the outflow pressures will probably not be as strong as last month in September."
Charting the Markets: China Stocks Drop as the World Awaits the Fed-The Shanghai Composite Index drops, the euro climbs and copper dips-Mark Barton-September 14, 2015 — 6:12 AM EDT-bloomberg
New week, same China. Data over the weekend showed industrial output missed estimates. Investment in the first eight months also increased at the slowest pace since 2000, adding to concern the slowdown in the world's second largest economy is deepening. Asian stocks swung between gains and losses after rising for the first week in eight, ending the worst streak in four years. The big event of the week comes on Thursday when the Federal Reserve may raise U.S. interest rates for the first time since 2006. European stocks gained at the open after rising for the second week in three.After rising for the first week in four, the Shanghai Composite Index slid after disappointing economic data, overshadowing a plan to overhaul state-owned enterprises. The benchmark equity gauge has sunk 21 percent since China devalued the yuan almost five weeks ago. That equates to almost $1 trillion of value. The index is 40 percent below the June 12 record. China-listed companies in Hong Kong - otherwise known as H-shares - finished little changed after the biggest weekly advance since April.The euro rose for a seventh day against the dollar, the best run since December 2013. Futures contracts put the chance of a U.S. interest rate hike at 28 percent on Thursday, odds that are weighing on the dollar against most of its 16 major peers today. Unlike traders, economists are divided over whether the Fed will raise the cost of borrowing from a record low level. Ahead of the decision, inflation data on Wednesday is likely to be benign. Consumer prices are forecast to fall 0.1 percent in August, the first negative number since January. Such a reading will provide further evidence for some Fed officials who want to see a lift-off in inflation before starting to tighten policy.Copper dropped after China's industrial production and fixed asset investment data added to evidence of a deteriorating economic outlook. The country is the world's biggest consumer of base metals. Copper's decline comes after a 5 percent gain last week, the biggest since May. Still, it's dropped for seven weeks in nine and is trading 18 percent below this year's high in May. Slowing growth in China and other emerging markets is one reason. The prospect of higher U.S. interest rates is another. Such an eventuality could boost the dollar and make the metal more expensive for overseas buyers.Mark Barton is a presenter on Bloomberg TV. Follow him on Twitter @markbartontv
Sluggish China Output and Investment Signal More Stimulus On Way-Bloomberg News-September 13, 2015 — 12:01 PM EDT-bloomberg
China’s economic growth remains stuck below the government’s target of about 7 percent this year, raising prospects for additional stimulus.Bloomberg’s monthly gross domestic product tracker was at 6.64 percent last month, barely changed from July. Industrial output missed economists’ forecasts Sunday, while investment in the first eight months increased at the slowest pace since 2000.In a juggling act that’s getting more complex by the month, authorities are seeking to cushion the slowdown, support the stock market, stabilize the yuan and press on with reforms to open up the world’s second-biggest economy. On Sunday, the government officially announced plans to reform state-owned enterprises, including by listing more of them, in another attempt to boost long-term growth.“The economy still faces serious downward pressure," said Wang Tao, chief China economist at UBS Group AG in Hong Kong. "The government will have to redouble efforts in pushing infrastructure investment in the rest of the year to stabilize growth."Five interest- rate cuts since November and plans to boost government spending have yet to revive an economy mired in a property slump, overcapacity and factory deflation.The government’s plans for channeling more private money into SOEs and for managing state capital more efficiently, reported by the official Xinhua News Agency and previously detailed by Bloomberg on Sept. 8, leave scope for the largest overhaul of those businesses since the 1990s.Such big-picture ambitions sit alongside the need for more immediate measures to support growth.The finance ministry recently called for stronger fiscal policy to counter downward pressures. The country is raising the quota for a bond-swap program for regional authorities to 3.2 trillion yuan ($500 billion) to help ease debt pressure.“From the perspective of monetary policy, the government has done what it can, but demand from the real economy needs to pick up to really make use of that,” said Ding Shuang, chief China economist at Standard Chartered Plc in Hong Kong.“Now the government can only rely on fiscal policy," Ding said. "The dept-swap program can help relieve pressure, and the government needs to expedite the pace to approve investment projects."August data released Sunday showed a challenging picture for policy makers. Fixed asset investment excluding rural households climbed 10.9 percent in the first eight months versus 11.2 percent median projection of economists surveyed by Bloomberg, falling short for a sixth time out of the last seven reports. Industrial output rose 6.1 percent in August from a year earlier, missing the 6.5 percent estimate.Factory shutdowns in Beijing and surrounding provinces before a Sept. 3 military parade in the capital may also have contributed to the weaker-than-forecast output reading. Even with a lower base in the comparison to the year-earlier period, there still wasn’t much acceleration in output growth.Premier Li Keqiang said last week that China can still maintain mid- to high-speed growth. Officials will press on with reforms to shift reliance from manufacturing and exports to services and consumption, he said Wednesday at a forum in the Chinese city of Dalian.The 10.8 percent retail sales growth was the bright spot in Sunday’s data releases, beating the forecast of a 10.6 percent gain. Transactions picked up in part on higher food prices, signaling resilient consumption.The retail sales data suggest that the stock-market slide won’t deal a blow to household confidence and dent consumption, according to a note Sunday by Bloomberg Chief Asia Economist Tom Orlik in Beijing."Robust spending on roads, waterworks, and other public projects is offsetting the slowdown in capital spending in real estate and manufacturing," Orlik wrote.
China Fixed-Asset Investment Tumbles to Lowest Since 2000-Bloomberg News-Updated on September 13, 2015 — 3:36 AM EDT
China’s fixed-asset investment rose at the slowest pace in 15 years and industrial production trailed analyst estimates, raising further question marks over the effectiveness of government efforts to revive growth. Investment excluding rural households climbed 10.9 percent in the first eight months, the National Statistics Bureau said Sunday, versus 11.2 percent median projection of economists surveyed by Bloomberg. Industrial output rose 6.1 percent in August from a year earlier, missing the 6.5 percent estimate.Retail sales rose 10.8 percent in August, beating the projected 10.6 percent gain and July’s 10.5 percent rise.“The economy is showing no sign of recovery," said Ding Shuang, chief China economist at Standard Chartered Plc in Hong Kong. “From the perspective of monetary policy, the government has done what it can, but demand from the real economy needs to pick up to really make use of that.”The weakening economic figures underscore the challenge the government faces in meeting its growth target of 7 percent this year, as exports decline and producer price deflation deepens. Factory shutdowns in Beijing and surrounding provinces before a Sept. 3 military parade in the capital may also have contributed to the weaker-than-forecast output reading.-Weak Side’-"Demand for industrial products from domestic and overseas markets is still on the weak side," Jiang Yuan, senior statistician at NBS, wrote in a statement issued with the report. "Downward pressure on industries is still relatively big."A Bloomberg gauge of monthly estimated gross domestic product increased 6.64 percent in August, in line with the July reading of 6.63 percent.Retail sales were the bright spot in Sunday’s data releases. Transactions picked up in part on higher food prices, signaling resilient consumption.Investment in real estate development rose 3.5 percent in the first eight months of the year, down 0.8 percentage point from the January to July period. That reading was less than a tenth of the pace during the same period five years earlier."Weighted by the pressure of property destocking and weak land sales, real estate developers lack willingness to invest," Wang Baobin, senior statistician at NBS, wrote in a statement.Electricity output rose 1 percent from a year earlier in August, suggesting that factories aren’t seeing activity pick up.The finance ministry recently called for stronger fiscal policy to counter the sluggishness. In addition, the central bank has cut interest rates five times since November and lowered required reserves banks need to set aside.
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