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IDS World Markets Tues 21st February 05


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t?s=^AORD

 

 

Looks like we're in for a leg up with All Ords currently +0.7%. Sectors are a bit mixed but Utilities is way out in front, +3.3% due to the news that Alinta Gas has taken a 10% share in Australian Gaslight. There's a few red sectors of which Telecom is worst off, -0.4%.

 

In the miners, BHP is moving along merrily, +1.8%, but the golds are flat to down.

 

Oils are doing a bit better with both Woodside and Santos up around a percent.

 

Nikkers doing a leap, +1.8% but other Asian markets showing relatively minor gains or losses..

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Oil Jumps in New York as Nigerian Rebels Threaten More Attacks

 

Feb. 21 (Bloomberg) -- Oil rose the most in a month in New York as Nigerian rebels threatened more attacks after cutting output from Africa's largest producer by about 20 percent.

 

Royal Dutch Shell Plc closed 455,000 barrels a day of production after militants began a series of attacks on oil facilities and kidnapped nine foreign workers three days ago. The rebels blew up a pipeline yesterday. New York futures, which didn't trade on Monday, also rose because talks in Moscow failed to resolve the dispute over Iran's nuclear program.

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Morgan Stanley Ends Brazil, EM Bond Strategy Coverage

 

Feb. 20 (Bloomberg) -- Morgan Stanley, the world's third- biggest securities company by market value, abandoned strategy coverage of government bonds sold by Brazil, Russia and Turkey.

 

``Investors should no longer rely on our prior recommendations,'' London-based Catherine Gronquist, Morgan Stanley's director of international fixed-income research, said in an e-mailed statement. ``Effective immediately, we are discontinuing/suspending coverage,'' she said, without providing any further reason.

 

The New York-based company also canceled coverage of Argentina, Bulgaria, Colombia, Croatia, Ecuador, Egypt, Indonesia, Kazakhstan, Lebanon, Morocco, Nigeria, Panama, Peru, the Philippines, Poland, Qatar, South Africa, Tunisia, Ukraine and Venezuela.

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w?s=^AORD

 

Looks like we came off a double bottom on the 5-day chart and now there's a consolidation in place so a possibility of going higher. US action will probably lead us tomorrow. All Ords closed +0.9% with Utilities still well in the lead, +3.9%. The only red sector was Consumer Staples, -0.2%.

 

In the miners it was BHP continuing to shore up the sector. Golds closed flat to down.

 

Oils put in a respectable day: Energy finished up 1.1%.

 

Over in Asia the Nikkei let loose towards close, notching up 3%.

 

 

And on to Europe:

 

t?s=^FTSE

 

t?s=^GDAXI

 

t?s=^FCHI

 

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

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Property prices in the UK are on the rise once again, according to new data from online estate agent RightMove.

 

The firm has announced that the average house price jumped by 2.7 per cent during the first month of 2006, as property price inflation appeared to be showing signs of returning to the levels seen in the early part of the decade. The figures also signalled the first time that the average price of property in the UK surpassed the ?200,000 mark, reaching ?201,600.

 

While this does not represent the style of increases seen in the late 1990s and early 2000s, it is positive news for the buy-to-let sector as it highlights the fact that the market is back on track. A slow 2005 had led to worries that there could be a reduction in buy-to-let over the coming 12 months, but that has not materialised and the return to positive growth is likely to encourage many people who considered investing in property as an alternative or supplement to a pension to believe that it is the right option.

 

"The market's picked up quickly this year," Miles Shipside, Rightmove commercial director, told MyFinances.co.uk.

 

However, buy-to-let investors looking to capitalise on the increases by adding to their portfolio have been warned that they will need to do so quickly if they are looking to snap up a bargain. Mr Shipside pointed out that properties are now selling "more quickly and stock levels are declining" as a result of renewed optimism and confidence in the buy-to-let sector.

 

http://news.assetz.co.uk/articles/2510.html

 

Click here 4 house price

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Global meltup...WTF do sheeples of the world see in stocks?

 

Something I don't, that's for sure...if you can't short 'em, join 'em ???

 

...we'll see what the landscape looks like this afternoon before I close RYVNX

 

Fool, you're right...accumulate 6000 years of insurance(gold) and distribute the butt-wipes...

 

any sudden,substantial reversal here, however, could snowball into a global crash...everything including mouse dung gets a bid...then the trap door opens

 

OK, THAT's IT

 

CRASH WARNING !!!

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Listen to my latest podcast posted Monday on Capitalstool Radio.

 

Are you using the Firefox web browser? Add an automatically self updating bookmark for Capitalstool Radio by clicking the speaker icon and then click the little box that pops up that says "Subscribe to Capitalstool Radio." Absolutely free! Updates whenever there's a new podcast posted.

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