aussiebear Posted August 9, 2007 Report Share Posted August 9, 2007 Closed http://finance.yahoo.com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted August 9, 2007 Author Report Share Posted August 9, 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 August 9, 2007 Author Report Share Posted August 9, 2007 Oz tried to follow the US action but ran out of puff. All Ords currently +0.4% with sectors uneven. Property Trusts, +1.7%, have taken the lead, followed by Healthcare and IT, both +1.1%. Telstra's doing a plunge bringing theTelecomms sector to its knees, -4%. The big miners started off well but faded rapidly: BHP +0.2% and RIO -0.7%. Golds are doing far better, Newmont +2.1% and Newcrest +1.3%. Oils are languishing: Woodside +1.1% and Santos -2.4%. Link to comment Share on other sites More sharing options...
aussiebear Posted August 9, 2007 Author Report Share Posted August 9, 2007 Bank of Korea Raises Key Interest Rate to Six-Year High of 5% Aug. 9 (Bloomberg) -- South Korea's central bank unexpectedly raised its benchmark interest rate for a second time in as many months to reduce the risk that higher borrowing by households and small businesses will fuel asset-price bubbles. Bank of Korea Governor Lee Seong Tae and his policy-board colleagues increased the overnight call rate by a quarter point to 5 percent, the highest since July 2001, the central bank said in Seoul today. Link to comment Share on other sites More sharing options...
aussiebear Posted August 9, 2007 Author Report Share Posted August 9, 2007 Australian Unemployment Rate 4.3% Aug. 9 (Bloomberg) -- Australian employers hired extra workers for a ninth consecutive month in July, worsening a labor shortage that may drive up wages and inflation. Employment rose 21,800 from June, the Bureau of Statistics said today in Sydney. The jobless rate was unchanged at 4.3 percent, close to a 33-year low. ----------------- New Zealand's Jobless Rate Falls to Record-Low 3.6% Aug. 9 (Bloomberg) -- New Zealand's jobless rate fell to an all-time low in the second quarter, adding to inflation pressure and increasing the prospect the central bank will keep interest rates at a record high until at least June next year. The jobless rate dropped to 3.6 percent from a revised 3.7 percent in the first quarter, seasonally adjusted, Statistics New Zealand said in Wellington today. Companies added 14,000 workers. Link to comment Share on other sites More sharing options...
aussiebear Posted August 9, 2007 Author Report Share Posted August 9, 2007 Japan's Bonds Fall as Rally in Stocks Erodes Demand for Debt Aug. 9 (Bloomberg) -- Japanese 10-year bonds fell, heading for the biggest decline since March, as gains in stocks cut demand for the relative safety of government debt. Rising stocks may limit demand at an auction of five-year government notes today. U.S. Treasuries declined the most in more than a month yesterday on a global equity rally. Trading in credit-default swaps showed the risk of owning corporate debt in Japan fell as concerns eased that losses tied to mortgages will slow growth in the U.S., the world's largest economy. Link to comment Share on other sites More sharing options...
aussiebear Posted August 9, 2007 Author Report Share Posted August 9, 2007 Bank of England Signals Another Rate Increase Needed Aug. 8 (Bloomberg) -- The Bank of England indicated it will have to raise the benchmark interest rate once more as record oil costs and rising food prices keep inflation above its target for the next two years. The inflation rate will stay above the 2 percent goal until 2009, the central bank said in its quarterly inflation report today. The forecasts assume policy makers will raise the Bank Rate a quarter-point from the current 5.75 percent by the first quarter of next year. Link to comment Share on other sites More sharing options...
F*Trade Posted August 9, 2007 Report Share Posted August 9, 2007 Good to have your back Aussiebear. Hope our are healing quickly. Thanks for all that you do. Jerry Link to comment Share on other sites More sharing options...
FauxCaster Posted August 9, 2007 Report Share Posted August 9, 2007 It's not easy... Link to comment Share on other sites More sharing options...
aussiebear Posted August 9, 2007 Author Report Share Posted August 9, 2007 Thanks F*Trade, healing proceeding to schedule The market got a second wind this arvo, pushing All Ords up 1% which brings us neatly to the resistance zone. Sideways at best for the short term imo. Property Trusts shot up 3.7% (presumably a stock announcement behind that) followed by Healthcare and Energy, both +1.5%. Telecomms was the only red sector, -4.1%. The bellwether miners stayed down and out: BHP -0.1%, RIO -0.8%. Golds remained sparky, Newcrest +4% and Newmont +2.7%. In the oils, Woodside took off, +2.1% and Santos came off its lows, -0.7%. A tendency to green in Asia: China +1.5%, India +1.2% and Nikkers +0.8%. Over to UK/Europe: http://finance.yahoo.com/intlindices?e=europe Link to comment Share on other sites More sharing options...
Peek Paper Posted August 9, 2007 Report Share Posted August 9, 2007 About 1/2 down to a limit RED spooooo open. And we still got 4 hours ta' go. Youze bearz is making me damn proud today.... (sniff, sniff) damn proud ... Link to comment Share on other sites More sharing options...
alceringa Posted August 9, 2007 Report Share Posted August 9, 2007 Brilliant Faux! Link to comment Share on other sites More sharing options...
Peek Paper Posted August 9, 2007 Report Share Posted August 9, 2007 Shall we bottom the boat, bears ???? Link to comment Share on other sites More sharing options...
seamus Posted August 9, 2007 Report Share Posted August 9, 2007 BNP freezes three funds and USTs take off huge. Spreads wider on the banks and brokers by 15bps. In addition, 3mo. $ Libor ratchets higher to 5 1/2% Link to comment Share on other sites More sharing options...
4shzl Posted August 9, 2007 Report Share Posted August 9, 2007 BNP freezes three funds and USTs take off huge. Spreads wider on the banks and brokers by 15bps. In addition, 3mo. $ Libor ratchets higher to 5 1/2% 597799[/snapback] Still holding ZB long from yesterday. Gotta love this story -- market's "not fair." Gee, ya think?: BNP Paribas in Paris froze three investment funds because it can't ``fairly'' value their holdings as concern over U.S. subprime mortgage losses roils credit markets. NIBC, the investment bank owned by a group including J.C. Flowers & Co. in New York, said in a statement it expects ``further mark-to- market losses on our U.S. asset-backed securities investment book.'' . . . ``The complete evaporation of liquidity in certain market segments of the U.S. securitization market has made it impossible to value certain assets fairly regardless of their quality or credit rating,'' the statement said. Bloomberg: Not Fair Waaaaaaaah! Waaaaaaaah! Somebody call for a waaaaaahmbulance . . . Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.