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aussiebear

IDS World Markets Tues 16th January 07

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t?s=^AORD

 

 

Nothing too much happening at this stage. All Ords +0.2% with Telecom leading the way, +1.1% and the only red is Consumer Staples -0.2%.

 

The big miners are doing a dip: BHP -0.3% and RIO -0.6% and the golds, which started off well, look as though they may weaken.

 

Not much interest in the oils: Woodside -0.3% and Santos flat.

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w?s=^AORD

 

 

Pretty much a round trip today with All Ords closing flat. Quite a few sectors dwindled into the red; Property Trusts and Materials finished down the most, -0.6%. Telecom continued to barrel up, +3.2%.

 

Not a good day for the miners: BHP -1.5%, RIO -1.4% and the golds slid into the red to the tune of around 1.5%. Newmont was an exception, +0.4%.

 

Oils closed down, Woodside -0.8% and Santos -1%.

 

Asia also lacking in action: China -0.5%, Singers +0.5%, Nikkers flat.

 

Over to UK/Europe:

 

t?s=^FTSE

 

t?s=^GDAXI

 

t?s=^FCHI

 

http://quote.yahoo.com/m2?u

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London Prime Home Prices Have Biggest Gain Since 1979

 

Jan. 15 (Bloomberg) -- The prices of London's most expensive homes rose last year at the fastest pace since Margaret Thatcher became prime minister in 1979, as bankers receiving record bonuses competed for a limited supply of properties.

 

Prices of prime properties in the U.K. capital gained 2.6 percent in December, bringing the increase for the year to 28.6 percent, London-based Knight Frank LLC, an international real- estate broker, said today in a statement. In 1979, prices advanced almost 44 percent.

 

``Bonus money has already started to impact the market,'' said Liam Bailey, head of residential research at Knight Frank. ``The proportion of prospective purchasers making an offer has increased since November. Much of this demand is due to people wanting to find a property before bonuses are distributed.''

 

Workers in London's financial district may have earned a record 8.8 billion pounds ($16.8 billion) in bonuses last year, 18 percent more than in 2005, according to the city's Centre for Economics and Business Research Ltd. London house prices rose at the fastest annual pace in at least four years last month, pushing the average asking price to 355,097 pounds, according to Rightmove Plc, the country's biggest property Web site.

 

London is the most expensive city in the world for prime real estate, CB Richard Ellis Group Inc. said in September. Prices in neighborhoods such as Chelsea and Hampstead averaged $2,244 a square foot in the second quarter. The same space for Manhattan homes -- on Fifth Avenue, Park Avenue and Madison Avenue near Central Park -- cost about $1,870 a square foot.

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German Investor Confidence Rises to a Six-Month High

 

Jan. 16 (Bloomberg) -- German investor confidence rose more than economists expected in January, reaching a six-month high, on the view that the economy will overcome a sales-tax increase and a global slowdown.

 

ZEW says its survey findings anticipate the outcome of the Ifo institute's business sentiment indicator, Germany's most- watched confidence gauge. Munich-based Ifo is scheduled to release the January confidence indicator on Jan. 25.

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?They have a choice of how they want to lose it,? Mr. Murphy said of investors and condo developers. ?Drip by drip or in one slap.?

 

http://www.nytimes.com/2007/01/16/realesta...artner=homepage

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Good Morning!

 

Welcome to Intraday Stool! Thanks to aussiebear for her daily opening!

 

You can join the discussion by registering (PG rated user names only, please) and posting here as well.

Registration is easy. Just click the Register link above, enter your email address (which you have the option to keep confidential), and enter a user name. To keep out spammers and scammers, I'll send you an email with a few Monty Python type questions. Just reply with your answers, and I'll approve your registration as soon as I receive your reply.

 

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In case you didn't catch them, two new podcasts were posted over the weekend.

 

Wall Street Examiner Roundtable

http://podcast.streetiq.com/streetiq?Chann...age=MediaViewer

 

and WSE TA report with Mark-

http://podcast.streetiq.com/streetiq?Chann...age=MediaViewer

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DJ Fed Accepts $11.25 Bln In Overnight RPs

 

Type of transaction: Overnight RPs

Total accepted: $11.25 Bln

Total submitted: $41.65 Bln

 

Agency Collateral Operation

Total accepted: $2.364 Bln

Total submitted: $14.1 Bln

Stop-Out Rate: 5.3%

Weighted Average: 5.3%

High-rate submitted: 5.3%

Low-rate submitted: 5.25%

 

Treasury Collateral Operation

Total accepted: $8.469 Bln

Total submitted: $19.05 Bln

Stop-Out Rate: 5.26%

Weighted Average: 5.27%

High-rate submitted: 5.28%

Low-rate submitted: 5.21%

 

Mortgage-Backed Collateral Operations

Total accepted: $417 Mln

Total submitted: $8.5 Bln

Stop-Out Rate: 5.32%

Weighted Average: 5.32%

High-rate submitted: 5.32%

Low-rate submitted: 5.3%

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That's a wash. $11.25 billion expiring.

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?They have a choice of how they want to lose it,? Mr. Murphy said of investors and condo developers. ?Drip by drip or in one slap.?

 

http://www.nytimes.com/2007/01/16/realesta...artner=homepage

 

 

But confidence remains high :huh: It is only condos. :lol:

 

 

And while there are tentative signs that the worst of the overall housing slump may be easing as builders cut back and interest rates remain relatively modest, condo markets continue to suffer.

 

 

from the same article

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