Guest Posted February 3, 2006 Report Share Posted February 3, 2006 Closed http://quote.yahoo.com/m2?u Link to comment Share on other sites More sharing options...
Guest Posted February 3, 2006 Report Share Posted February 3, 2006 http://money.cnn.com/markets/morning_call/ http://www.kitco.com Energy futures Link to comment Share on other sites More sharing options...
Guest Posted February 3, 2006 Report Share Posted February 3, 2006 An interesting US session judging by the IDS commentary... Here in Oz we started with an orderly selloff which degenerated into a dumperama but now the dippers are in there holding things up. All Ords currently -0.5% with Energy down the most, -2% and IT the greenest, +0.5%. In the miners, gold producers are down slightly on low volume and BHP/RIO, embroiled in the early stages of the selloff, are now back in the green. Oilwise, Woodside being taken out behind the woodshed, -3%, not surprising considering the recent chart action pretty much vertical. There is also some newsnoise regarding exploration in West Africa, probs with leases or some such. The other oils down as well but not to the same degree. Asia looking like a downer at this early stage: South Korea starring, -2.1%. Link to comment Share on other sites More sharing options...
Guest Posted February 3, 2006 Report Share Posted February 3, 2006 IMF Faces Doubts, Debts as Brazil, Argentina Pay Debt Feb. 2 (Bloomberg) -- The International Monetary Fund's loss of two of its biggest borrowers last month has left the lender with a widening budget shortfall and renewed questions about its role in the global economy. In the past six weeks, Brazil made early repayment of $15.5 billion it owed and Argentina repaid $9.5 billion in debt two years ahead of schedule, closing the borrowing accounts of the IMF's first-and third-largest borrowers. The result is a loss of interest income that prompted the IMF to lower its earnings forecast by about 40 percent for the fiscal year ending in April. The fund now expects a budget shortfall of more than $116 million this year, emboldening critics who have called on the Washington-based fund to scale back its lending and focus more on dispensing economic guidance. Link to comment Share on other sites More sharing options...
Guest Posted February 3, 2006 Report Share Posted February 3, 2006 Chile's Budget Surplus Widens in 2005 on Metals Sales Feb. 2 (Bloomberg) -- Chile's budget surplus more than doubled in 2005 on surging sales of copper, its biggest export, and increased sales tax revenue from rising consumer demand. The surplus was $5.4 billion, or 4.8 percent of gross domestic product, compared with 2.2 percent of GDP the previous year, Budget Director Mario Marcel said at a news conference today in Santiago. Link to comment Share on other sites More sharing options...
Guest Posted February 3, 2006 Report Share Posted February 3, 2006 Australia's December Trade Gap Narrows to A$1.17 Bln Feb. 3 (Bloomberg) -- Australia's trade deficit narrowed by 53 percent in December as exports surged to a record on increased shipments of copper, aluminum and zinc to China. The trade gap shrank to a five-month-low A$1.17 billion ($881 million) from A$2.47 billion in November, the Bureau of Statistics said in Sydney today. Total exports jumped 7 percent. ------------- Australia's Retail Sales in December Increase 0.4% Feb. 3 (Bloomberg) -- Australia's retail sales rebounded in December as stores slashed prices to attract Christmas shoppers and hot weather stoked spending on air conditioners. Retail sales rose 0.4 percent from November, when they fell 0.1 percent, the Australia Bureau of Statistics said in Sydney today. Link to comment Share on other sites More sharing options...
Guest Posted February 3, 2006 Report Share Posted February 3, 2006 Looks like we might get a bounce attempt next week. In the meantime All Ords closed -0.5% and Energy continued to get beaten up, -2.3%. There were only two green sectors, IT and Utilities, 1% and 0.5% respectively. Most the golds finished green but BHP and RIO lapsed back into red. Oils sank further as the day progressed: Woodside -3.3%, Santos -1.8% and Caltex -3.5%. Loads of red in Asia led by Sth Korea, -2.8%. A down open in Europe, no doubt: http://quote.yahoo.com/m2?u Link to comment Share on other sites More sharing options...
crazy_ate Posted February 3, 2006 Report Share Posted February 3, 2006 Buehler? Anyone? Buehler? All those that like Howard Stern and/or Opie & Anthony you can get them at www.mininova.org Link to comment Share on other sites More sharing options...
Slappy Posted February 3, 2006 Report Share Posted February 3, 2006 Copper riseth! Link to comment Share on other sites More sharing options...
FeedFool Posted February 3, 2006 Report Share Posted February 3, 2006 IMF Faces Doubts, Debts as Brazil, Argentina Pay Debt Feb. 2 (Bloomberg) -- The International Monetary Fund's loss of two of its biggest borrowers last month has left the lender with a widening budget shortfall and renewed questions about its role in the global economy. In the past six weeks, Brazil made early repayment of $15.5 billion it owed and Argentina repaid $9.5 billion in debt two years ahead of schedule, closing the borrowing accounts of the IMF's first-and third-largest borrowers. The result is a loss of interest income that prompted the IMF to lower its earnings forecast by about 40 percent for the fiscal year ending in April. The fund now expects a budget shortfall of more than $116 million this year, emboldening critics who have called on the Washington-based fund to scale back its lending and focus more on dispensing economic guidance. <{POST_SNAPBACK}> Dispensing of economy guidance is what cause poor to get even poorer. World doesn?t need any American sponsored advice. I say get rid of IMF, World Bank, UN and get real organisations, independent of any nations. Link to comment Share on other sites More sharing options...
FeedFool Posted February 3, 2006 Report Share Posted February 3, 2006 Copper riseth! <{POST_SNAPBACK}> Little old but its still ok. Link to comment Share on other sites More sharing options...
FeedFool Posted February 3, 2006 Report Share Posted February 3, 2006 IMF Faces Doubts, Debts as Brazil, Argentina Pay Debt Feb. 2 (Bloomberg) -- The International Monetary Fund's loss of two of its biggest borrowers last month has left the lender with a widening budget shortfall and renewed questions about its role in the global economy. In the past six weeks, Brazil made early repayment of $15.5 billion it owed and Argentina repaid $9.5 billion in debt two years ahead of schedule, closing the borrowing accounts of the IMF's first-and third-largest borrowers. The result is a loss of interest income that prompted the IMF to lower its earnings forecast by about 40 percent for the fiscal year ending in April. The fund now expects a budget shortfall of more than $116 million this year, emboldening critics who have called on the Washington-based fund to scale back its lending and focus more on dispensing economic guidance. <{POST_SNAPBACK}> All they need to do is lend it to their master and make them do what they made other do during the so call bad times. Oh, I forgot it?s a one way street and they are running a new Robin Hood operation where poor get taken for a ride down the wrong ally and their masters can do what ever they want. Why don?t they just admit they run a loan shark operation? World should thank China and globalization because without them world poor would have never would have come up and Latinos wouldn?t be dancing like crazy. Founded at the end of World War II to promote global economic stability, the IMF typically makes loans to countries on the condition that the borrowers undertake economic policy changes such as adjusting their balance of payments or reducing inflation. Link to comment Share on other sites More sharing options...
Henny Penny Posted February 3, 2006 Report Share Posted February 3, 2006 A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel." If it were not for American's inventing the internal combustion engine- the saying might have gone as follows: "My father rode a camel, I walk - the camel died of thirst, my son? I aint got no son" Link to comment Share on other sites More sharing options...
Charmin Posted February 3, 2006 Report Share Posted February 3, 2006 "The inverted yield curve in the U.S. is starting to impact interest sensitive stocks (e.g. utilities, financial services, home builders)" "The shares of companies releasing less than consensus quarterly earnings and/or negative guidance continue to be punished. " "Crude oil and energy stocks are showing early signs of a short term roll over." http://dvtechtalk.com/February/February3.htm Link to comment Share on other sites More sharing options...
Bearman Posted February 3, 2006 Report Share Posted February 3, 2006 Brother can you spare a dime? http://today.reuters.com/news/newsarticle....DING.xml&rpc=22 Link to comment Share on other sites More sharing options...
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