Guest Posted June 1, 2004 Report Share Posted June 1, 2004 Freezing my tits off here; weather bureau saying a max of 16C today, sheesh I'm thinking 16C as a minimum is too cold let alone a max, however it IS sunny. Might have to find a north facing wall and espalier myself against it! Nothing much happening on the market so far. All Ords -0.1% and there's just a general milling around. On the 5-day chart is seems we've formed a triangle at the highs and we're pretty much in the apex today so might get a break one way or t'other. Golds up slightly overall and the oils doing a burst with Santos +0.7% and Woodside +1%. Asia also wandering in the wilderness: Nikkers +0.8%, Singers & Taiwan flat and Sth Korea +1.2%. Link to comment Share on other sites More sharing options...
Guest Posted June 1, 2004 Report Share Posted June 1, 2004 S&P Nazza Link to comment Share on other sites More sharing options...
Guest Posted June 1, 2004 Report Share Posted June 1, 2004 Australian Manufacturing Activity Weaker In May: AIG SYDNEY, June 1 Asia Pulse - Manufacturing activity in Australia was weaker in May after a lack of traction in the performance of the sector, the Australian Industry Group said today. The PricewaterhouseCoopers Australian Performance of Manufacturing Index (PMI) shows a decline to 52.3 points from 58.4 points. Link to comment Share on other sites More sharing options...
Guest Posted June 1, 2004 Report Share Posted June 1, 2004 Another long sideways move for the day, best seen on the 5-day chart: All Ords closed -2.2 (-0.1%). Yesterday we closed at relatively minor resistance on the daily chart so today's action is a pullback from that. Very hard to say whether it's another leg down from here or if it's a case of busting through and continuing north tomorrow. The jury's out... In the golds, Newcrest & Lihir closed +1% and Newmont -0.4%. The oils stayed in the green, Santos +0.6% and Woodside +1.4%. Asian action subdued: Link to comment Share on other sites More sharing options...
Guest Posted June 1, 2004 Report Share Posted June 1, 2004 Vehicle sales at scandal-hit Mitsubishi Motors plunge 56.3 percent in May TOKYO, (AFP) - Sales of new Mitsubishi vehicles in May plunged to less than half the year-before's level, apparently hit by defect cover-up scandals at the group. Mitsubishi Motors sold a total of 4,213 new vehicles in May, down 56.3 percent from a year earlier, according to the latest data from the Japan Automobile Dealers Association. The fall is much steeper than the 10.6 percent year-on-year drop in overall new vehicle sales in Japan, including trucks and buses but excluding mini-vehicles. ----------- Australian Retail Growth Slows In April, Surprising anal cysts SYDNEY, June 1 Asia Pulse - Growth in Australian retail trade came to a surprising halt in April, as last year's interest rates hikes, a softer housing market and rising petrol prices dampened consumer spending. The Australian Bureau of Statistics (ABS) today reported retail trade was broadly unchanged in April at an adjusted A$15.900 billion (US$11.3 billion) from A$15.903 billion in March. The market had been expecting a rise of 0.5 per cent in April, adjusted. -------------- China bank regulator orders halt on loans to unapproved projects BEIJING, (AFP) - China's banking watchdog has halted all loans made to fixed-asset investment projects not approved by the government as authorities implement another round of curbs to cool the overheated economy. The loan ban also includes projects which contravene government regulations, the China Banking Regulatory Commission (CRBC) said on its website. "Banks must take proper measures to ensure repayment of the loans," the regulator said, adding they must try to minimize potential losses if they can secure immediate repayment. Link to comment Share on other sites More sharing options...
The brown one Posted June 1, 2004 Report Share Posted June 1, 2004 Cor,Aussie,it's only about 16 degrees here too--lovely.Max will be about 21?. You're not talking Fahrenheit I hope!Cos then it would be brass monkeys--well for men anyway AEX heading south after the initial blip up.Amazing, no gap.Wait and see how it turns out.As the chart shows,we've also been in a narrow range all week. Edit:10am.Last week's gains all wiped out in one hour of trading.Good job I'm not a bull! Link to comment Share on other sites More sharing options...
The brown one Posted June 1, 2004 Report Share Posted June 1, 2004 Gone down to support-Not at 333.5 bounced once then southward through it.One gap filled.2 more to go--if filled to 324. Link to comment Share on other sites More sharing options...
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