alceringa Posted March 17, 2004 Report Share Posted March 17, 2004 Last Update: Wednesday, March 17, 2004. 9:07am (AEDT) Oil price breaks post-Iraq war high The crude oil price has edged to a new post-Iraq war high, pushed up by terrorism nerves after the Madrid blasts and the prospect of an Opec production cut. New York's benchmark light sweet crude contract for delivery in April rose four cents to $US37.48 a barrel, the highest since March last year in the run-up to America's war on Iraq. Brent North Sea for April eased 35 cents to $US33.45. "There is the expectation that Opec (Organization of Petroleum Exporting Countries) will finally cut production on April 1 though I have not seen any firm signs of it yet," Refco market anal cyst Marshall Steeves. said. "Also, there are renewed terrorism concerns with the bombing in Spain and there is political unrest in Venezuela, the recall election of (President Hugo) Chavez now looking likely to go forward." Prices surged Monday when OPEC indicated it would shun importers' calls to scrap a planned cut in output. Story Link to comment Share on other sites More sharing options...
alceringa Posted March 17, 2004 Author Report Share Posted March 17, 2004 Yoo-hoo world markets Uncle Buck Spoo-Hoo's- Nasty- Globex Flash Quotes Link euroland Jo-burg Miners Here After Hours-USA Island AM Market Call By CNNMoney From Bloomberg 0100AM Stool HQ Time Asian Stocks Rise, Led by Samsung Electronics, as U.S. Rate Left Unchanged Asian stocks rose after the U.S. Federal Reserve left interest rates at a 45-year low, boosting optimism the region's biggest export market will keep expanding. Samsung Electronics Co. and Honda Motor Co. led gains. Deutsche Bank, Merrill May Manage Shenhua's $2 Billion IPO, Bankers Say Yen Rises as Nikkei 225 Gains, Tanigaki Says Not Aiming to Weaken Currency Bloomberg Link to comment Share on other sites More sharing options...
The brown one Posted March 17, 2004 Report Share Posted March 17, 2004 AEX hit the 200dma at 333 yesterday and bounced back 5 points.Gap up opening this am with another 3points.Overhead resistance at 342+ but as it is scam week,anything can happen and probably will. Max pain is at 350 (allegedly) but that can often go 20 points either way. Now that Al Leeson has informed the world that the punchbowl will not be taken away and will be re-filled to the brim for as long as necessary,it would seem superfluous to continue commenting on this market which is not a market. Board of Directors of ING bank have recently awarded themselves pay rises amounting to a 75% increase as their salaries were lagging way behind their counterparts in other banks--probably also motivated by the fact that they got no bonusses over 2002.So what you lose on the roundabouts you make up for on the swings.Even invokes parliamentary debate--how quaint! Gold price in euro now just breached the 200dma and going up.Competitive devaluation?Just do it! Link to comment Share on other sites More sharing options...
The brown one Posted March 17, 2004 Report Share Posted March 17, 2004 No bear market here! Link to comment Share on other sites More sharing options...
The brown one Posted March 17, 2004 Report Share Posted March 17, 2004 Year chart is even more impressive. Al knows he can't print the stuff,so he's going to allow you to refi your house so that you can fill up your SUV.Extract the equity and put it in your tank. Link to comment Share on other sites More sharing options...
alceringa Posted March 17, 2004 Author Report Share Posted March 17, 2004 Gotta love that Earl, Eh? Since it is St Paddy's day, might as well check out the Irish Stock Exchange. As of 7AM Stool HQ, it's up 33.52 at 5090.12. Not a good day for Irish Bears. Here's a chart. Link to comment Share on other sites More sharing options...
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