alceringa Posted June 22, 2004 Report Share Posted June 22, 2004 Asia Pacific markets appear to be following the US Monday action and are trading mostly sideways-down. World events might have shaken the Korean market some, which is down 1.7% in mid-morning trading. Link to comment Share on other sites More sharing options...
alceringa Posted June 22, 2004 Author Report Share Posted June 22, 2004 S&P Nazza Might Aussie resource stocks get a boost from this forecast? I sure wouldn't be shorting them, in any case. AUSTRALIA'S commodity export earnings are set to jump 14 per cent to a record $93.4 billion this coming fiscal year, stoked by soaring demand for coal and iron ore as the country cashes in on a worldwide commodity boom that is underpinned by China's fast-based industrialisation. The forecast by government agency the Australian Bureau of Agricultural and Resource Economics yesterday was up from a previous forecast in March for an 8.2 per cent rise in export earnings, and reflects rising prices for minerals and metals and a weakening in the Australian dollar. Full Story Link to comment Share on other sites More sharing options...
alceringa Posted June 22, 2004 Author Report Share Posted June 22, 2004 Aussie stocks closed down across the board, except for the REITS. Euroland opening in the red. http://www.euroland.com/ Link to comment Share on other sites More sharing options...
The brown one Posted June 22, 2004 Report Share Posted June 22, 2004 990N undeterred with the usual 3am blast. Europe still down a bit.RD Shell having broken out of its year-long trading range to the upside appears to be testing its breakout.As long as RD can stay elevated so will the AEX. Link to comment Share on other sites More sharing options...
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