Guest Posted June 30, 2004 Report Share Posted June 30, 2004 All Ords currently +0.2% but it has that last gasp feel about it. Onscreen, stocks are very much in the mixed category with banks vacillating between slightly red or slightly green. Golds down 1-2% and oils flat to down. Asia volatile on open and it looks like direction yet to set in for the day: Link to comment Share on other sites More sharing options...
Guest Posted June 30, 2004 Report Share Posted June 30, 2004 S&P Nazza Link to comment Share on other sites More sharing options...
Guest Posted June 30, 2004 Report Share Posted June 30, 2004 Brown One, your comment from yesterday: Aussie,I noticed that for the AEX both the weekly and daily stochs are near or at a top.The weekly especially looks like it's about to roll over.Shorter time frames are close to a bottom so it's likely that after a bit of yo-yoing in the range it should get into gear for the downside soon. Yes, similar for All Ords Brown One so I wait with bated breath. Then again, like you, WDIK Link to comment Share on other sites More sharing options...
Guest Posted June 30, 2004 Report Share Posted June 30, 2004 Hmmm well it looked like the whole thing was gonna roll over but then came a last minute stick save, no doubt in celebration of the end of financial year. All Ords closed +12.8 (+0.4%) but volume wasn't all that great. The banks lost some buying support, closing down marginally. Golds sold off on reasonable volume, down 1-2% and oils finished down around 0.5% on light volume. Asia mostly up although China lagging somewhat. Link to comment Share on other sites More sharing options...
Guest Posted June 30, 2004 Report Share Posted June 30, 2004 Credit growth continues at breakneck pace Private sector credit growth remains buoyant in Australia, with the latest Reserve Bank figures showing a 1.2 per cent rise in May. After a 1.4 per cent surge in April, credit growth eased slightly in May, but the annual growth rate is now more than 15 per cent. --------- Spectre of inflation returns to haunt Vietnam's economy HANOI, (AFP) - After years of remarkable price stability, Vietnam has been grappling since January with strong and unanticipated inflationary pressure which some experts believe could cause serious problems unless the government takes immediate action. Official figures for June showed the prices had risen 8.3 percent from a year earlier and the authorities are predicting an inflation rate of 9.0 percent over the balance of the year -- compared to just 3.0 percent in 2003. ---------- Philippine nuclear plant costs 155,000 dlrs a day but no electricity MANILA, (AFP) - Nearly 30 years after work began on the Bataan nuclear power plant just north of Manila, Filipino taxpayers are still paying 155,000 dollars a day in interest on a structure that has never produced one watt of power. Construction began in 1976 and was completed in 1984 at a cost of 2.3 billion dollars. When Marcos was overthrown by the so-called People Power Revolution in early 1986 a team of international inspectors visited the site and declared it unsafe and inoperable as it was built near major earthquake fault lines and near the Pinatubo volcano which at the time was dormant. Link to comment Share on other sites More sharing options...
The brown one Posted June 30, 2004 Report Share Posted June 30, 2004 Bit late today.Better thing to do than watch this steaming dungpile--errr-steam! It's a market,Jim,but not as we know it. Only put writers are earning money and even that is little set against the risk! Going back to doing something more interesting now!! Just pano'd the Chinese restaurant next door--find out what they think of it this arvo. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.