aussiebear Posted September 12, 2008 Report Share Posted September 12, 2008 http://finance.yahoo.com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted September 12, 2008 Author Report Share Posted September 12, 2008 http://money.cnn.com/markets/morning_call/ http://www.kitco.com http://www.kitconet.com/webcharts/base_metals.html Energy futures Link to comment Share on other sites More sharing options...
aussiebear Posted September 12, 2008 Author Report Share Posted September 12, 2008 I'm a bit earlier than usual but I have an appointment shortly. So far we have the bounce; All Ords currently +0.7% with Miners doing a phoenix, +1.9%, Materials next +1.7% followed by Utilities +1.1%. There's a couple of reds, REITs -1% and Healthcare -0.5%. The big miners getting some action: BHP +2.2% and RIO +1.9%. In the golds, Newcrest making up for lost time, +4.3% but the other two majors are down: Lihir -1.8% and Newmont -0.9%. Oils zipping up: Woodside +2.1%, Santos +1.1% and Caltex +1%. Link to comment Share on other sites More sharing options...
aussiebear Posted September 12, 2008 Author Report Share Posted September 12, 2008 New Zealand's Retail Sales Fall More Than Forecast Sept. 12 (Bloomberg) -- New Zealand's retail sales fell more than twice as much as economists' forecast in July, adding to signs the central bank will cut interest rates to revitalize an economy that is in a recession. Retail sales fell 0.8 percent from June when they rose 1 percent, seasonally adjusted, Statistics New Zealand said in Wellington today. The median estimate of 13 economists surveyed by Bloomberg News was for a 0.3 percent decline. Link to comment Share on other sites More sharing options...
roxy Posted September 12, 2008 Report Share Posted September 12, 2008 Forget Lemon, more to come http://yellowroad.wallstreetexaminer.com/b...n-more-to-come/ Link to comment Share on other sites More sharing options...
aussiebear Posted September 12, 2008 Author Report Share Posted September 12, 2008 China Retail Sales Growth Close to Fastest Since 1999 Sept. 12 (Bloomberg) -- China's retail sales grew at close to the fastest pace in at least nine years as rising incomes encouraged consumer spending. Retail sales rose 23.2 percent in August from a year earlier to 876.8 billion yuan ($128 billion), the National Bureau of Statistics said today, after gaining 23.3 percent in July. Garment sales jumped 29.5 percent in August from a year earlier and spending on meat, poultry and eggs surged 26.7 percent, the statistics bureau said. Jewelry sales soared 44.3 percent. Urban household disposable income climbed 14.4 percent to 8,065 yuan for the first six months of 2008 from a year earlier, while rural earnings gained 19.8 percent to 2,528 yuan. After adjusting for inflation, they rose 6.3 percent and 10.3 percent respectively. ----------------- China Industrial-Output Growth Is Slowest in 6 Years Sept. 12 (Bloomberg) -- China's industrial production grew at the slowest pace in six years on weaker export demand, power shortages and factory shutdowns during the Olympic Games. Production rose 12.8 percent in August from a year earlier, the statistics bureau said today, after gaining 14.7 percent in July. Link to comment Share on other sites More sharing options...
aussiebear Posted September 12, 2008 Author Report Share Posted September 12, 2008 Japan Economy Shrank 3% Last Quarter as Exports, Spending Fell Sept. 12 (Bloomberg) -- Japan's economy shrank 3 percent last quarter, the steepest contraction since 2001, as companies and households cut spending and exports fell. Gross domestic product for the three months ended June 30 shrank more than the annualized 2.4 percent initially estimated, the Cabinet Office said in Tokyo today. Economists expect the slowdown to continue into next year as the U.S. slowdown spreads to Asia, where Japan ships half its exports. Link to comment Share on other sites More sharing options...
aussiebear Posted September 12, 2008 Author Report Share Posted September 12, 2008 South African July Manufacturing Growth Slows to 3.3% Sept. 11 (Bloomberg) -- South African manufacturing growth slowed to an annual 3.3 percent in July as higher interest rates damped consumer spending. Growth in factory output, which accounts for 16 percent of the economy, eased from a revised 5.7 percent in June, Pretoria- based Statistics South Africa said on its Web site. Output fell a seasonally adjusted 0.4 percent in the month. Link to comment Share on other sites More sharing options...
aussiebear Posted September 12, 2008 Author Report Share Posted September 12, 2008 Dubai International Financial Attracts More Funds This Year Sept. 11 (Bloomberg) -- Dubai International Financial Centre attracted more fund managers seeking to set up in the tax-free business park this year than in the whole of 2007, said Kevin Birkett, executive director of asset management. The asset management department of the centre received 40 applications from local and international firms looking to start operations there in the first eight months, compared with 35 for all of 2007, he said in an interview yesterday. Fund managers are tapping the Middle East, where oil wealth has fuelled growing trade, to offset slumping fund sales elsewhere as markets plummet. The wealth of individuals in the region with at least $1 million in assets expanded by 17.5 percent between 2006 and 2007 to $1.7 trillion, the second- fastest growth after Latin America, according to a June report by consultancy Capgemini and Merrill Lynch & Co. Link to comment Share on other sites More sharing options...
aussiebear Posted September 12, 2008 Author Report Share Posted September 12, 2008 Velarde Raises Peru Lending Rate to 6.5% to Slow Inflation Sept. 11 (Bloomberg) -- Peru's central bank President Julio Velarde raised the overnight lending rate for the seventh time in 12 months in a bid to slow the fastest inflation in a decade. The bank increased borrowing costs by a quarter percentage point to a seven-year high of 6.5 percent, as forecast by 14 of 16 economists in a Bloomberg survey. Annual inflation in Peru is more than double policy makers' target of no more than 3 percent. The bank raised borrowing costs in an attempt to help slow record consumer spending that's contributing to higher prices, said Boris Segura, a Latin America economist at Morgan Stanley in New York. Link to comment Share on other sites More sharing options...
aussiebear Posted September 12, 2008 Author Report Share Posted September 12, 2008 Quite a bounce off support today but now we're jammed up against resistance on both the daily and 5-day charts. The market showed reasonable strength in spite of it being a Fri so breaking up through resistance on Mon is not out of the question. All Ords closed +1.7% led by Miners +3.8%, Materials +3.6% and Utilities +2.4%. The only dodgy sectors were REITs -1.7% and Healthcare, flat. Lots of buyers getting on board the big miners: BHP +4.4% and RIO +4.6%. Newcrest, +4.8%, led the golds with Lihir +2%. Newmont finished down, -1.7%. In the oils, Santos had a big gain, +6.4%, Woodside +1% and Caltex +1.4%. Asia not getting carried away: China +0.5%, Honkers +0.4% and India -1.5%. Nikkers closed +0.9%. Over to UK/Europe: http://finance.yahoo.com/intlindices?e=europe Link to comment Share on other sites More sharing options...
joe3pack Posted September 12, 2008 Report Share Posted September 12, 2008 hey, texan stoolies, hope y'all and your families make out none too worse for the wear. Link to comment Share on other sites More sharing options...
joe3pack Posted September 12, 2008 Report Share Posted September 12, 2008 http://biz.yahoo.com/rb/080911/lehman.html Bank of America Corp (NYSE:BAC - News) or Barclays (LSE:BARC.L - News) could be suitors, according to various reports. Bank of America, Barclays and Lehman declined to comment. a proposal to buy out lemon would be akin to: "'scuse me, but could i help you take your herpes off your hands?" Link to comment Share on other sites More sharing options...
joe3pack Posted September 12, 2008 Report Share Posted September 12, 2008 reminds me, i once had a patient in excruciating genital pain. he'd spent time with an herpetic woman. she'd given him adequate warning: "look, i've got herpes. do you really want to sleep with me?" he said 'yes.' and she didn't quite say 'no.' Link to comment Share on other sites More sharing options...
Jetlag Posted September 12, 2008 Report Share Posted September 12, 2008 Lemon Chimployees gathered at the office, probably brainstorming for possible suitors Remember when they made an extraordinary mid year bonus disturbation? CROOKS, blatant crooks. Link to comment Share on other sites More sharing options...
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