aussiebear Posted October 11, 2007 Report Share Posted October 11, 2007 http://finance.yahoo.com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted October 11, 2007 Author Report Share Posted October 11, 2007 http://money.cnn.com/markets/morning_call/ http://www.kitco.com Energy futures Currencies/Au/Ag Link to comment Share on other sites More sharing options...
aussiebear Posted October 11, 2007 Author Report Share Posted October 11, 2007 A smidge of red around today. All Ords -0.2% with the majority of sectors down slightly. Consumer Staples has sunk the most, -1% with Healthcare next in line, -0.6%. There's a couple of barely-greens, Materials +0.3% and Property Trusts +0.2%. Miners mixed: BHP +0.4%, RIO +1.8%, Newcrest -1.5%, Lihir +1.3% and Newmont flat. Oils ossified: Woodside +0.3%, Santos -0.1% and Caltex flat. Link to comment Share on other sites More sharing options...
aussiebear Posted October 11, 2007 Author Report Share Posted October 11, 2007 Buffett's Berkshire Again Reduces PetroChina Stake Oct. 10 (Bloomberg) -- Billionaire Warren Buffett's Berkshire Hathaway Inc. cut its stake in PetroChina to 3.1 percent of the publicly held shares as of Sept. 30, from 5.44 percent five days earlier. Human rights groups have been calling on Buffett to sell his PetroChina shares. The company's Chinese parent is the largest foreign developer of oil fields in Sudan, accused by the U.S. of supporting genocide in the African nation's western Darfur region. ``We don't know if it's an investment decision or a political decision,'' said Betz, whose firm is based in Warren, New Jersey. ``When you've got that kind of profit, you can't get in much trouble taking your money and running.'' Link to comment Share on other sites More sharing options...
aussiebear Posted October 11, 2007 Author Report Share Posted October 11, 2007 Indian Traders, Vendors Protest Against Big Retailers Oct. 10 (Bloomberg) -- Thousands of small shop owners, street vendors and workers protested in Mumbai today against the entry of companies such as Wal-Mart Stores Inc. and the expansion of Reliance Industries Ltd. in India's retail industry. The protestors oppose the expansion of India's Reliance and Bharti Group into retailing and are against foreign investment in the sector, Vyapaar Rozgar Suraksha Kriti Samiti, the organizer of the rally, said in a statement. Between 6,000 and 7000 people attended, Isak Bagwan, assistant commissioner of Mumbai police, said today. Street vendors and family-run shops are trying to halt the advance of chain stores whose sales are forecast to increase more than eightfold to $97 billion by 2012. Today's rally may encourage the government to move slowly on easing rules that prevent Wal-Mart and Germany's Metro AG from opening stores. Link to comment Share on other sites More sharing options...
aussiebear Posted October 11, 2007 Author Report Share Posted October 11, 2007 House Prices Fall at Fastest Pace in Two Years, RICS Says Oct. 11 (Bloomberg) -- U.K. house prices fell at the fastest pace in two years in September after higher interest rates and concern about the outlook for economic growth sapped homebuyers' confidence, the Royal Institution of Chartered Surveyors said. At 5.75 percent, the Bank of England's benchmark rate is the highest among the Group of Seven industrialized nations. HBOS Plc, Abbey and other lenders are increasing borrowing costs after losses in the U.S. subprime market made commercial banks around the world more reluctant to lend to each other, pushing up market interest rates. ``September has been one of the quietest months we have ever had in terms of sales,'' said Mark Hunter, an estate agent at Grice & Hunter in Doncaster, northern England. Link to comment Share on other sites More sharing options...
aussiebear Posted October 11, 2007 Author Report Share Posted October 11, 2007 East Europe Takes on Russia With New Oil Pipeline Oct. 10 (Bloomberg) -- Leaders of five former Soviet-bloc countries met in Vilnius today to plan a new oil pipeline that will cut their dependence on Russia and give Central Asian producers a new route to Europe. During a two-day meeting of officials from more than 20 countries, the presidents of Azerbaijan, Georgia, Lithuania, Poland and Ukraine are expected to agree to extend Ukraine's Odessa-Brody pipeline, allowing it to carry Caspian oil to Poland and beyond. The line would give Azerbaijan new markets in the other four countries, importers who say Russia's politics make it an unreliable supplier. The world's second-largest oil producer cut off supplies to Poland during a dispute with Belarus in January, shut down a pipeline to Lithuania last year, and last week threatened to halt gas shipments to Ukraine. Link to comment Share on other sites More sharing options...
Drano Posted October 11, 2007 Report Share Posted October 11, 2007 More bad news coming out of China. Another toy recall. Link to comment Share on other sites More sharing options...
aussiebear Posted October 11, 2007 Author Report Share Posted October 11, 2007 Another day, another record high *sigh*. All Ords closed +0.5% and Energy and Telecomms came in neck & neck, +1.3%. Materials was next at +1.1%. The rest were all over the place with Healthcare down the most, -1.3%. The miners had reasonable gains so it's surprising the sector wasn't up more: BHP +1.2%, RIO +1.8% and in the golds, Newcrest -1.6%, Lihir +3% and Newmont +2%. Woodside, +3.9%, was the big winner in the oils and both Santos and Caltex closed -0.4%. Over in Asia it's a sea of green with the exception of India -0.1%. China's top of the list, +2.3%, Singers +1.9%, Nikkers +1.6% and Honkers +0.9%. On to UK/Europe: http://finance.yahoo.com/intlindices?e=europe Link to comment Share on other sites More sharing options...
aussiebear Posted October 11, 2007 Author Report Share Posted October 11, 2007 More bad news coming out of China. Another toy recall. 614147[/snapback] That made me cringe ... Link to comment Share on other sites More sharing options...
alceringa Posted October 11, 2007 Report Share Posted October 11, 2007 H shares up 3.56% today in Hong Kong. Link to comment Share on other sites More sharing options...
alceringa Posted October 11, 2007 Report Share Posted October 11, 2007 SEED, China screamer of the day. Does, well, seeds Wheat, corn, et al. Link to comment Share on other sites More sharing options...
alceringa Posted October 11, 2007 Report Share Posted October 11, 2007 Big miners leading the way up in Euroland. Rio Tinto, BHP and Xstrata all up 3%+. Goldies up 1-2%. www.euroland.com Link to comment Share on other sites More sharing options...
patents Posted October 11, 2007 Report Share Posted October 11, 2007 So was the minus 150 DOW points the October "correction" and the typical turn-around around noon the sign of continued upward and onward in the stock market and the trashing of the YEN? Corrections no longer are what they used to be, but then again few things in the market seem to be any longer. We still need that exogenous circumstance to change the model and overwhelm the Fed+21. It is looking more and more to me that we might need that comet impact because any other recent bad news just seems to pump the markets higher. Link to comment Share on other sites More sharing options...
FeedFool Posted October 11, 2007 Report Share Posted October 11, 2007 Big miners leading the way up in Euroland. Rio Tinto, BHP and Xstrata all up 3%+. Goldies up 1-2%. www.euroland.com 614159[/snapback] Simply amazing, Should have borrowed tons of free money in 2003 for Wiemar stock markets around the world Link to comment Share on other sites More sharing options...
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