Anyone scalping the FTSE Futures??

well they must be expecting big things if they are to fill that lot!

FTSE pivots for Wed

Buy 5847
Sell 5837

FTSE close = Dow 13,213

still hanging in but only just

With the GFC.
In 2008 GDP dropped from 14% to about 9% in China.
China done a stimulus package of about 580 billion in 2008/2009.
Otherwise GDP would have fallen more.
The communist government is responsible for feeding and employing its people.
About 8 million new people come into the workforce each year.
They spent the money on building new road, rails and towns.
Problem is that in the last 2 to 3 years and now have towns/cities for the next 15/20 years. That caused the boom in commodity prices(BHP and RIO) in the last 3years. They now have moved away from a infrastructure building to a more consumption based economy.
Next part of the GDP story is still to play out, will still grow a lot faster than the west.
One thing in their favour is that the communist government can move a lot faster with policy and stimulus packages than a democracy government.

Morning All
BHP -1.14%
RIO -2.80% ex div
Asian and AUD markets under pressure.
Be interesting to see if we get follow through the downside with the FTSE and DOW.
Big stock(number 2) in ASX200 reported today, market seemed to like.
CBA posts record $7.1b profit | Commonwealth Bank
20 to go in Sydney.

morning bustech

morning

morning htw