Market Update

Nothing much new today!

Good afternoon

bad export numbers for China are pushing down the metals today...but I would not read too much into this single figure, in a historically very volatile series. Not sure, whether equity markets  - which are pretty weak currently - see a trend to bad surprises from China developing here. 

Some pretty heavy profit-taking today in the large resources stocks.

The minutes of the FOMC late yesterday make it pretty clear, that the first FED-move is around the corner...unless we will have very weak economic numbers in the short term

I exhausted myself with bullishness yesterday - cannot find anything of too much interest today, sorry!

have a nice evening

WS