Guest Posted February 10, 2005 Report Share Posted February 10, 2005 Thanks to the sterling effort put in by the US (wow, the Naz!) we're heading south for the third day but some acceleration would be nice. Only one green sector and that's Financials, +1.3% with Healthcare the worst off, -1.5%. Golds down a touch, not looking serious but the oils taking a pounding with a couple -2%. Nikkers had a down open but attempting to claw back up: http://quote.yahoo.com/m2?u Link to comment Share on other sites More sharing options...
Guest Posted February 10, 2005 Report Share Posted February 10, 2005 http://money.cnn.com/markets/morning_call/ http://www.kitco.com/ Link to comment Share on other sites More sharing options...
Guest Posted February 10, 2005 Report Share Posted February 10, 2005 Mexico's Inflation Rate Dropped to Zero in January Feb. 9 (Bloomberg) -- Mexico's inflation rate fell to zero in January as prices of fruits and vegetables fell. Central bank Governor Guillermo Ortiz will raise interest rates this month for the 11th time in 12 months in a bid to curb inflation, said economists such as Igor Arsenin at Credit Suisse First Boston. ``There are inflation pressures that haven't yet manifested themselves,'' Ortiz said at a press conference on Jan. 31. ``So what is happening is that certain service prices are just starting to be adjusted in reaction to the cost pressures we saw last year.'' Link to comment Share on other sites More sharing options...
Guest Posted February 10, 2005 Report Share Posted February 10, 2005 Australia Adds 44,500 Jobs in January; Unemployment Rate 5.1% Feb. 10 (Bloomberg) -- Australia added jobs for a fifth month in January, keeping the unemployment rate at a 28-year low as rising consumer confidence prompted retailers to hire. Central bank Governor Ian Macfarlane has left the benchmark overnight cash rate target unchanged at 5.25 percent for 14 months. The likelihood of a rate increase in the months ahead had increased because inflation threatened to accelerate, the bank said this week. ``Particularly noteworthy in recent months has been the performance of the labor market,'' the bank said in its quarterly statement on the economy, released in Sydney this week. ``Given the firm demand conditions in prospect, the possibility that wage and price pressures will build more quickly cannot be ruled out.'' Link to comment Share on other sites More sharing options...
Guest Posted February 10, 2005 Report Share Posted February 10, 2005 All Ords closed -0.1% but it would have been down much more had not the banks done a big run. The Financials index closed +2% and Healthcare was last at -1.9%. 8 sectors closed in the red and 2 were green. In the miners, BHP and RIO ended marginally down in company with the golds. Oils continued to be offloaded, closing down 1-3%. Over in Asia both Nikkers and India struggling and in the red. Europe was on a roller coaster yesterday and best guess is down for today: http://quote.yahoo.com/m2?u Link to comment Share on other sites More sharing options...
The brown one Posted February 10, 2005 Report Share Posted February 10, 2005 Snorin' borin' so far in A'dam today. Index support at 367.5 and everytime it dips below the big boyz call in the army. Someone appears to have the power to keep it going north or propping until it can be driven further north after a few days R&R. So little movement the past days that something must be brewing for scam week. Even pre-scam Wednesday didn't move enough to give a signal for the opposite direction and the call/put ratio is just average. Ho,hum...maybe the worlds markets will hang around these levels 'til 2020 as someone once predicted Link to comment Share on other sites More sharing options...
Guest Posted February 10, 2005 Report Share Posted February 10, 2005 Ho,hum...maybe the worlds markets will hang around these levels 'til 2020 as someone once predicted <{POST_SNAPBACK}> Is that like Madame WH's view that it's going to be "hyperstagflation"? Link to comment Share on other sites More sharing options...
Guest Posted February 10, 2005 Report Share Posted February 10, 2005 DaimlerChrysler Quarterly Net Falls 63% on Mercedes Feb. 10 (Bloomberg) -- DaimlerChrysler AG, the world's largest maker of luxury cars, said fourth-quarter earnings fell 63 percent and predicted two ``weak'' quarters as profit collapsed at the company's Mercedes-Benz brand. Net income declined to 526 million euros ($674 million), or 52 euro cents a share, from 1.4 billion euros, or 1.39 euros, a year earlier, Chief Executive Officer Juergen Schrempp said today in Stuttgart, Germany. Schrempp, 60, is struggling with declining demand for Mercedes- brand vehicles as customers choose newer, competing models from Bayerische Motoren Werke AG. ------------------ German December Exports Fell for First Month in Four Feb. 10 (Bloomberg) -- German exports unexpectedly fell in December, dropping for the first month in four, as slowing global growth and the euro's climb to a record against the dollar made it harder for companies from Europe's largest economy to sell goods abroad. Exports, adjusted for work days and seasonal changes, slipped 4 percent from November, the Federal Statistics Office in Wiesbaden said in a faxed statement today. That's the biggest drop since June. Link to comment Share on other sites More sharing options...
astral mike Posted February 10, 2005 Report Share Posted February 10, 2005 CAC & DAX bouncing with US Futures. Uk's FTSE100 is underperforming, with negative intraday divergence. Link to comment Share on other sites More sharing options...
The brown one Posted February 10, 2005 Report Share Posted February 10, 2005 Ad Nooten noted that the AEX had broken technical support at 11.15 am..... Half hour later it was frogmarched back above.All breaks of support are buying ops! DAX has just gone doolallytap...must be the rumour(denied) that Barclays Bonk is being taken over!!! As long as the markets go positively potty on this sort of stupid news then it's a bull...gotta learn to live with it! Link to comment Share on other sites More sharing options...
Guest Posted February 10, 2005 Report Share Posted February 10, 2005 Things go from bad to worse N. Korea Says It Has Nuclear Arms, Suspends Talks Feb. 10 (Bloomberg) -- North Korea's government said it has produced nuclear bombs and is pulling out of talks with the U.S. and four other nations on abandoning its nuclear weapons program. ``We are compelled to suspend our participation in the talks for an indefinite period,'' the state-run Korean Central News Agency said today. North Korean nuclear weapons will remain a ``nuclear deterrent for self -defense.'' North Korea said Sept. 28, 2004 it had turned plutonium from 8,000 spent fuel rods into nuclear weapons. Speaking at the UN General Assembly, Vice Foreign Minister Choe Su-hon said the weapons were needed for ``self-defense'' against ``US nuclear threat,'' according to the British Broadcasting Corp. The Bush administration has referred to North Korea as an ``outpost of tyranny,'' a statement that deprived North Korea of having to take part in the six-nation talks, the ministry said. This should NOT be happening. Maybe the Bush administration needs a term or so at Charm School.. Link to comment Share on other sites More sharing options...
longOnUranus Posted February 10, 2005 Report Share Posted February 10, 2005 The Bush administration has referred to North Korea as an ``outpost of tyranny,'' a statement that deprived North Korea of having to take part in the six-nation talks, the ministry said. ..This should NOT be happening. Maybe the Bush administration needs a term or so at Charm School.. Not being any great Bush lover myself, it remains important for Stoolies to realize that the North Korean leader is the craziest sonofabeach on the planet. In the past, he could be shut up for the right price. I think the US plans to call his bluff this time, as the price keeps escalating. Look for a surgical strike to take out Iranian and North K. nuke sites. After that...pray. Link to comment Share on other sites More sharing options...
Guest Posted February 10, 2005 Report Share Posted February 10, 2005 Agree that he's a nutter LOR but I think for that very reason he should be treated with care. Sometimes it's better to be over polite, sort of a "the end justifies the means" thing... Link to comment Share on other sites More sharing options...
alceringa Posted February 10, 2005 Report Share Posted February 10, 2005 QQQQ MACSUM starting to "congest". Bears need to keep wining and turn it back down, starting today. http://stockcharts.com/charts/indices/McSumNASD.html And yup, that North Korean wanker gives new meaning to the word lunatic. Link to comment Share on other sites More sharing options...
The brown one Posted February 10, 2005 Report Share Posted February 10, 2005 Apart from the fact that the NK leader is a whacko sob and he's got nukes(so he says).What's it to the US? Long way away..China next door and not going to allow NK to divert its dominance of world makets by nuking them..so why all the hysterics.Iran...now that's understandable..US doesn't want any nasty nukies standing in the way of the next big oil heist. Anyway,nothing much will happen with Iran IMO. Too much Chinese/Russian interest and too many UST's to sell! Who knows.Mebbee the neocons are as whacko as Kim Yung Il and fancy starting a new WW just because they're able to Link to comment Share on other sites More sharing options...
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