Market Talk – March 1st, 2016

by Martin Armstrong
Armstrong Economics

There were some big smiles across the faces of many equity traders today as we have seen some of the strongest markets gains in a while. The Nikkei closed +0.4% but could not match the performance of the Shanghai or Hang Seng Indices when they closed up at almost 2% on the day. We saw some mixed data out of Japan when the index was down over 1%, so to close higher on the day was an achievement! In late US trading, the futures contract gained an additional 3% from the cash close. We saw a little unfriendly economic data (manufacturing) earlier from China, but yesterday’s cut of the RRR overshadowed all of those to achieve the 2% gain.

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