1) German technology giant SAP takes a drop in the markets because of a one time write off charge.
2) Chinese purchases of US commercial property is at the lowest since 2012. For the last four quarters, the Chinese have sold more than they bought as the Chinese government pushes to bring money back into China in an effort to stabilize its currency. With China’s economic problems springing from the slowing down in its growth, this trend is expected to continue in 2019.
3) The Feds signal an end to interest rate hikes, with economic growth remaining strong and expected to continue, while fears of inflation are diminishing. Their announcement spurred the stock markets up.
4) 30 JAN 19 Stock market closings:
Dow 25,014.86 up 434.90
Nasdaq 7,183.08 up 154.79
S&P 500 2,681.05 up 41.05
10 Year Yield: down at 2.70%
Oil: down at $54.22