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IDS World Markets Wed 9th June 04


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t?s=^AORD

 

A down day with All Ords currently -0.1%. Chances are we'll head to support at around 3463 and attempt to build up steam for another push up. Stocks mixed and not too many sellers on board so far...

 

Golds and oils down with Woodside showing the most damage, -1.4%.

 

Asia meandering: Nikkers -0.6%, Singers +0.2%, Sth Korea -0.4% and Taiwan flat.

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A general decline until we thunked into the support level and we finished the day with a small bounce off same. All Ords closed -15.8 (-0.5%) and now things get interesting.... Up or down from here, hmmm...

 

Golds down: Lihir -2%, Newmont -0.9% and Newcrest -0.2%. In the oils, Santos +0.1% and Woodside -1.7%.

 

Asia tending to red but not seriously so:

 

t?s=^N225

 

t?s=^STI

 

t?s=^HSI

 

t?s=^KS11

 

t?s=^TWII

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Decline of home loans begins to slow

 

The number of home loans signed off by owner-occupiers in Australia fell a seasonally adjusted 0.6 per cent in April.

 

It is the seventh consecutive month of falls, but it is the smallest drop since October, and HSBC senior economist Anthony Thompson says it appears the housing slowdown is levelling out.

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