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IDS World Markets Wed 28th November 07


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t?s=%5EAORD

 

 

Hmmm, All Ords not following the US today. The index currently -0.4% with Property Trusts doing another drop, -1.7%. Most sectors are showing relatively minor losses and there is only one green, IT +1.5%.

 

Not much movement in the heavyweight miners: BHP -0.6%, RIO +0.4%. The golds are all down: Newcrest -3.9%, Newmont -0.2% and Lihir -2.4%. Juniors are doing the opposite, green with quite a bit of buying interest.

 

Oils mostly down: Woodside -0.4%, Santos -2.2% and Caltex -0.4%.

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German Inflation Accelerates; Fastest Since 1996

 

Nov. 27 (Bloomberg) -- German inflation accelerated in November to the fastest pace since records began in January 1996, led by surging oil and food costs.

 

Consumer prices, measured using a harmonized European Union method, rose 3.3 percent from a year ago after increasing 2.7 percent in the previous month, the Federal Statistics Office in Wiesbaden said today. Economists forecast prices to rise 2.8 percent, according to the median of 25 estimates in a Bloomberg News survey. In the month, prices rose 0.5 percent.

 

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German, French Business Confidence Unexpectedly Rises

 

Nov. 27 (Bloomberg) -- Business confidence in Germany and France unexpectedly rose in November, suggesting European companies are coping with record oil prices and the euro's gain.

 

The Ifo research institute in Munich said its index of German sentiment, based on a survey of 7,000 executives, increased for the first time in seven months, to 104.2 from 103.9 in October. In France, a gauge of confidence among 4,000 manufacturers rose to 110 from 108, Paris-based national statistics office Insee said.

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Japan's Retail Sales Rise, Led by Autos, Gasoline

 

Nov. 28 (Bloomberg) -- Japan's retail sales rose at the fastest pace in more than a year as consumers bought new-model cars and record gas prices increased revenue at filling stations.

 

Sales climbed 0.8 percent in October from a year earlier, a third monthly gain, the Ministry of Economy, Trade and Industry said today in Tokyo. The median estimate of 24 economists surveyed by Bloomberg News was for a 0.7 percent increase.

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Nov. 28 (Bloomberg) -- Japan's retail sales rose at the fastest pace in more than a year as consumers bought new-model cars and record gas prices increased revenue at filling stations.

 

 

 

I really do think this is part of why CostCo's sales have been good for the past year. People are willing to go to the little bit of extra trouble to plan their gasoline buying so that they can save 10?/gallon at Costco.

 

RTH up a buck and a half today, huh? Hmmm... time to watch that one.....

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w?s=%5EAORD

 

 

Things got a tad more bearish this arvo. All Ords closed -0.9% with sectors sliding accordingly. Materials dropped the most, -1.9% followed by Property Trusts, -1.6%. There were two green sectors, IT +1.6% and Healthcare +0.1%.

 

Miners sank: BHP -1.5%, RIO -0.6%. Golds did even worse: Newcrest -4.2%, Newmont -0.2% and Lihir -5.9%. Juniors turned tail after a promising start, mostly closing down.

 

Major oils all in the red: Woodside -1.8%, Santos -2.6% and Caltex -0.3%.

 

Asia mixed: Honkers and China +0.6%, Nikkers -0.5%, Taiwan -1.2%.

 

 

Over to UK/Europe:

 

t?s=%5EFTSE

 

t?s=^GDAXI

 

t?s=^FCHI

 

http://finance.yahoo.com/intlindices?e=europe

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fellas

 

short ideas for China?

 

including ETF's etc.

 

thanks again

 

to the greatest site on earth, for people like us!

 

also, same question for India, and in particular what about IFN if I short it what's the deal with the dividend on that one is it really 8.9%???

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fellas

 

short ideas for China?

 

including ETF's etc.

 

thanks again

 

to the greatest site on earth, for people like us!

 

also, same question for India, and in particular what about IFN if I short it what's the deal with the dividend on that one is it really 8.9%???

628432[/snapback]

 

Take a look at FXP (new ETF -- Ultra Short FTSE/Xinhua -- goal: 2x INVERSE of FXI).

 

Huge volatility lately, 5-12% swings -- lot's of action for a nimble trader...

 

This is one bucks like a wild mustang. ;)

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The ECB added some love to their recipe...on a one week.  Maybe someone else could comment on whether this means anything  :P ...currency fluctuations are not my milieu:

 

178 Billion

628437[/snapback]

 

 

Looks like about $100 billion expiring. This has a term of 6.5 months. It's a big add for sure, and the term is interesting. I guess they expect the crisis to continue for at least that long.

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the lemmings are jumping ship

 

DJ White House Aide: NEC's Hubbard Submits Resignation

 

 

WASHINGTON (AP)--Al Hubbard, the chairman of President George W. Bush's

National Economic Council, plans to step down on Wednesday, one in a growing

line of top presidential advisers exiting the White House as the Bush

administration heads into its last year.

 

Hubbard, assistant to the president for economic policy, will announce that

he's leaving the White House after three years, according to a senior

administration official, who spoke on condition of anonymity because the

announcement hadn't yet been formally made. Hubbard is to submit a formal

letter to the president later in the day.

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