RE:RE:RE:RE:RE:RE:market movementChinese demand is old news already, rehashed and recycled over and over again to lower prices when needed. Oddly besides that there is little other news pressuring prices. Demand in India is strong and also good in the US. Global demand is still - increasing y/y although slightly reduced but still increasing.
Libya production is halting and that is having little effect is seems while the middle east is on the brink of a major escalation.
A reduction in inventories should be bullish news and at the least be supportive of markets not see them tank 5% in the two days trading afterwards just because the decline wasn't as large as thought...
I think the markets are manipulated, whether it is political is debatable but as the saying goes - "democracy is on the ballot" this year, and perhaps that justifies that right?
Markets are up today +2.5% on little news it seems but I suspect it will correct down again tomorrow or Monday given Canadian markets are closed then. Markets need to be aligned with fundamentals or they mean little.