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Ids World Markets Thurs 18th December 03


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Up but going nowhere today. All Ords +0.2% and moving in a narrow trading range but BIG volume for this time of day. Could be a distribution setup although I'm finding it hard to make any sense out of the action. Might be clearer this arvo. Oils mixed, banks mixed, you get the picture. Newcrest and Newmont +2% and Lihir flat.

 

Similar lethargy in Asia with Nikkers and Singers +0.2% and 0.3% respectively.

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Bit of an odd one today. Buying dried up in the middle of the day and then whoopsies down we went into close. All Ords closed -6 (-0.2%). Still very much a mixed day but the leaders, ie banks, Newscorp, Telstra died a slow death. Still looks good for da bearz imo. Brown One thanks for that Shell/Woodside info you sent. Woodside actually dived 2.8% today so there might be a follow up on that.

 

Golds did well: Lihir +0.7%, Newcrest +2.5% and Newmont +2.1%.

 

Nikkers up but struggling, +0.3%, Singers oscilllating, -0.1% and Honkers +0.6% and in the lunchbreak, things could change after the market reopens.

 

Seems to me the markets getting very swingy and erratic: with a bit of luck we'll get a big move shortly, preferably down of course.

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Yoo-hoo world markets

 

Uncle Buck

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Spoo-Hoo's-

globex.png

 

Nasty-

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Globex Flash Quotes Link

 

 

euroland

 

Jo-burg Miners Here

 

After Hours-USA

 

Island

 

AM Market Call By CNNMoney

 

From Bloomberg 0135 AM Stool HQ Time

China Life Shares Surge in Hong Kong After the World's Biggest IPO of 2003

Shares of China Life Insurance Co. surged as much as 25 percent on the first day of Hong Kong trading, after investors ordered more than 27 times the $3 billion raised in the year's biggest initial public offer.

 

Japanese Stocks Advance, Led by Toyota; China Life Shares Soar in Debut

 

Crude Oil Rises to Highest Since Iraq War on Lower U.S. Supplies, Weather Bloomberg

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AEX is now in the pre-Christmas faffin' about stage.Da Dutch boyz would love to ramp it up and give themselves some Yuletide spending money,I'm sure but everything is against them especially the euro.Everyone here has been cutting back on spending for both 5th December and for Christmas.Fewer people going out for a binge in restaurants,preferring to stay at home and cocoon with more spending on Xmas lights and decorations.

 

Only stock here that's doing well of late is Shell.Just heard a guy on Crapvision say that Shell would be a better choice than BP 'cos BP pays divi in USD and Shell doesn't.Also,Shell has been weak until now compared with BP and Exxon and so has more upside potential.

 

One observation of his,talking about Christmas parties etc,was that he sees everyone with a cigarette in their mouths.Forget all the stuff about everyone having quit,people are smoking again--buy shares in the super polit incorrect baccy co's!

 

Got go for a few hours but will look in later.

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