Good Morning folks,
Greece is in free fall, new bank rules in China to spur lending, possible Ebola case in Japan, Germany expects lower oil to be good for their economy, and Japan is pumping 29 billion into their recovery. There is plenty of news around the world to digest and try to extrapolate how that will impact our markets. For now it appears we will open in the red but what really matters is where we close.
Oil is up slightly premarket off of tension in Libya, fighting & fire at one of their main export terminals destroyed 800k barrels of oil. I expect thin trading again this week. I may not be doing a whole lot until after the first of the year.
This weeks Video link in case you missed it
http://www.screencast.com/t/SAh7fHemh
Stocks added to my radar this morning
RXDX very thin has some pr this morning, TKMR LAKE APT off the Ebola news out of Japan, JRJC Tim Sykes appears to be on this one at a decent bounce spot daily had decent earnings as well a week ago, RVLT news of distribution agreement with FAST,
SPY USO NDAQ IWM NUGT JDST UUP TVIX TZA for market sentiment
CNBC in the News
 | IN THE NEWS TODAY |
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| Indonesian authorities say they presume the missing Air Asia flight 8501with 162 on board has crashed into the Java Sea. An international search for the Airbus A320 has flagged an oil slick and floating objects in the area, but officials cannot confirm either is connected to the disappearance. (Reuters) |
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| German insurer Allianz (ALV-DE) confirmed it was the lead reinsurer to the missing plane, making it the third major airline accident it has been involved in this year. It also insured Malaysia Airlines flight MH370, which disappeared in March, and flight MH17, which was shot down over Ukraine. (Reuters) |
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| Oil prices rose on Monday morning as clashes in Libya stoked worries about supply from the OPEC member. Fighting in the country caused a fire at its main export terminal that led to the loss of 800,000 barrels of crude. (Reuters) |
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| Russia's economy shrank sharply in November as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since October 2009. The Economy Ministry said the country’s gross domestic product shrank 0.5 percent last month. (Reuters) |
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| Roche (RHHVF) has received emergency authorization for an Ebola virus test, the Wall Street Journal reported. U.S. regulators have authorized use of its LightMix Ebola Zaire rRT-PCR Test on patients who display symptoms of the virus and meet certain risk factors, including travel from West Africa. (WSJ) |
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| Xiaomi said it closed a $1.1 billion round of funding that values the fast-growing Chinese phone maker at $45 billion. The amount makes it the most highly valued tech startup in the world, besting a recent valuation of Uber of over $40 billion. (Re/code) |
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| Pinterest plans to begin selling ads to any buyer on the site on New Year’s Day, marking a major step in the future of the business, the New York Times reported. The website has sold “promoted pins” to a select group of marketers since June. (NYT) |
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| American Apparel’s (APP) board of directors received a letter from British buyout firm Lion Capital, pushing it to explore strategic options including a sale, a source said on Sunday. The letter also said Lion Capital would nominate one of its founders to the clothing retailer's board. (Reuters) |
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| Sony Entertainment's "The Interview" raked in $18 million in its opening weekend. The studio said the film had been purchased or rented online more than 2 million times on the four days through Saturday, making it Sony Pictures' No. 1 online movie of all time. (Reuters) |
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| Sony (SNE) said its Playstation network is back online after an attack by hackers resulted in a three-day outage. A group calling itself Lizard Squad took responsibility for blocking access to Playstation and Microsoft’s Xbox, which restored service on Friday. (AP) |
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| An arctic blast was bearing down on much of the U.S. on Monday, promising temperatures well below average for parts of the Plains and the West later in the week, according to forecasters. Temperatures in some places are expected to drop to 45 degrees below average. (NBC News) |
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| BY THE NUMBERS |
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| The shortened trading is a busy one for economic numbers, but none of those reports are out today. The earnings calendar is similarly blank for theMonday session. |
| Markets will be closed on Thursday for New Year’s Day, but unlike Christmas Eve, there will be a full day of trading on Wednesday, the day before the holiday. |
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| STOCKS TO WATCH |
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| Apple (AAPL) is in talks with UK banks about bringing its Apple Pay service to Britain, according to the Sunday Telegraph newspaper. |
| Intercontinental Exchange (ICE) may sell the New York Stock Exchange as soon as next year, according to a report in the New York Post. |
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| Google’s (GOOG, GOOGL) Gmail service has been blocked in China, according to users and Greatfire.org, a China-based freedom of speech group. |
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| BHP Billiton (BHP) and other mining stocks are rising this morning in a bargain-hunting rally, after those stocks fell in recent weeks on declining metals prices. |
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Seeking Alpha
Today's Markets:
In Asia, Japan -0.5% to 17730. Hong Kong +1.8% to 23773. China +0.4% to 3169. India +0.6% to 27396.
In Europe, at midday, London +0.1%. Paris -0.4%. Frankfurt -0.8%.
Futures at 6:20: Dow -0.2%. S&P -0.1%. Nasdaq -0.1%. Crude +0.9% to $55.23. Gold -0.2% to $1192.80.
Ten-year Treasury Yield
Best of Success!
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