Jump to content

IDS World Markets Mon 5th November 07


Recommended Posts

  • Replies 379
  • Created
  • Last Reply

t?s=%5EAORD

 

 

A very brief time in the green and then wham, down she went. All Ords -0.9% with the only surviving green sector being Energy, +0.3%. Healthcare is down the most, -1.6% closely followed by Financials -1.4%.

 

Miners mixed at this stage: BHP -1.9% and RIO +0.1%. Golds looking very strong, Newcrest +2.2%, Newmont +3.5% and Lihir +1.2%.

 

Oils: Woodside +0.3%, Santos +2.6% and Caltex -0.1%.

Link to comment
Share on other sites

New Zealand Wages Gained 0.9% on Low Jobless Rate

 

Nov. 5 (Bloomberg) -- New Zealand wages accelerated in the third quarter as a record-low jobless rate forced companies to pay more to attract and retain workers.

 

Wages for non-government workers, excluding overtime, increased 0.9 percent from the second quarter when they rose 0.7 percent, according to Statistics New Zealand's labor cost index released in Wellington today. From a year earlier, wages surged 3.3 percent, a record annual rise.

Link to comment
Share on other sites

Northern Rock Savers Withdraw $29 Billion

 

Nov. 4 (Bloomberg) -- Northern Rock Plc savers have withdrawn about 14 billion pounds ($29 billion) since the U.K. bank was bailed out by the Bank of England, the Sunday Times reported, without saying where it got the information.

 

The figure is equal to almost 60 percent of Newcastle- based bank's deposits before it went to the central bank for emergency funding on Sept. 13, the newspaper said.

Link to comment
Share on other sites

w?s=%5EAORD

 

 

Doing the waterfall on the 5-day chart. All Ords continued in a bearish manner to close down -1.6% which brings us to a vague support area on the daily chart. Healthcare continued to lead the way down, -2.5% with Materials moving into second place, -2.3%. Energy had the least loss, finishing flat.

 

Sellers lined up in the heavyweight miners: BHP -2.9% and RIO -2%. Golds came back a touch, Newcrest +2.1%, Newmont +3% and Lihir -0.2%.

 

Oils held their ground: Woodside +0.3%, Santos +2.6% and Caltex +0.4%.

 

Over in Asia, Honkers leading the way down, -3%, Nikkers -1.6%, China -1.4% and Singers -0.8%.

 

 

On to UK/Europe:

 

t?s=%5EFTSE

 

t?s=^GDAXI

 

t?s=^FCHI

 

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

Link to comment
Share on other sites

New Zealand Wages Gained 0.9% on Low Jobless Rate

 

Nov. 5 (Bloomberg) -- New Zealand wages accelerated in the third quarter as a record-low jobless rate forced companies to pay more to attract and retain workers.

 

Wages for non-government workers, excluding overtime, increased 0.9 percent from the second quarter when they rose 0.7 percent, according to Statistics New Zealand's labor cost index released in Wellington today. From a year earlier, wages surged 3.3 percent, a record annual rise.

620572[/snapback]

 

Lack of people/workers/population is a big problem in Kiwiland. Took several business trips there earlier this year. As a permanent resident of Oz, I am automatically eligible to move there.

 

At airport incoming migration, the migration officers give you a speech explaining that there is no reason to leave New Zealand and you are eligible to stay permanently if you would like. Just let them know and it is a done deal.

Link to comment
Share on other sites

Northern Rock Savers Withdraw $29 Billion

 

Nov. 4 (Bloomberg) -- Northern Rock Plc savers have withdrawn about 14 billion pounds ($29 billion) since the U.K. bank was bailed out by the Bank of England, the Sunday Times reported, without saying where it got the information.

 

The figure is equal to almost 60 percent of Newcastle- based bank's deposits before it went to the central bank for emergency funding on Sept. 13, the newspaper said.

620573[/snapback]

 

Adam Applegarth, Northern Rock's CEO.

post-67-1194242398.jpg

Link to comment
Share on other sites

New Zealand Wages Gained 0.9% on Low Jobless Rate

 

Nov. 5 (Bloomberg) -- New Zealand wages accelerated in the third quarter as a record-low jobless rate forced companies to pay more to attract and retain workers.

 

Wages for non-government workers, excluding overtime, increased 0.9 percent from the second quarter when they rose 0.7 percent, according to Statistics New Zealand's labor cost index released in Wellington today. From a year earlier, wages surged 3.3 percent, a record annual rise.

620572[/snapback]

 

Lack of people/workers/population is a big problem in Kiwiland. Took several business trips there earlier this year. As a permanent resident of Oz, I am automatically eligible to move there.

 

At airport incoming migration, the migration officers give you a speech explaining that there is no reason to leave New Zealand and you are eligible to stay permanently if you would like. Just let them know and it is a done deal.

620632[/snapback]

 

 

There's loads of Kiwis here in Kal working in the mines. If things are so hot over there, makes you wonder why they come here...maybe they just like mining :P

Link to comment
Share on other sites

Dollar Slide May Prompt Joint Intervention, Morgan Stanley Says

 

Nov. 2 (Bloomberg) -- The dollar's decline to record lows may turn into a ``more violent correction'' that requires the U.S., the European Union and Japan to intervene in foreign- exchange markets, said anal cysts at Morgan Stanley.

 

Coordinated intervention may occur after the Federal Reserve has finished cutting interest rates and the European Central Bank has ceased raising them, the investment bank said. Japan may act if the yen approaches 100 to the dollar, the bank said. The three major economies are unlikely to intervene as long as the euro stays below $1.50, it said.

 

Weakness in the dollar has been caused by concern a slowing economy will lead to lower interest rates and spur investors to diversify into developing countries, Jen and St-Arnaud said. The decline may continue ``unless it's stopped,'' because trade and investment flows rarely offset large currency moves, they said. In the past 30 years, coordinated intervention caused all but one of the changes to the dollar's long-term trend, the two anal cysts wrote.

Link to comment
Share on other sites

PetroChina's Value Tops $1 Trillion, Surpassing Exxon

 

Nov. 5 (Bloomberg) -- PetroChina Co. almost tripled on its first day of trading in Shanghai, becoming the world's first company to be valued at $1 trillion, larger than the entire Russian stock market.

 

PetroChina shares rose to 43.96 yuan from the sale price of 16.7 yuan, giving the state-owned oil producer a greater market value than Exxon Mobil Corp. and General Electric Co.

 

 

http://www.bloomberg.com/apps/news?pid=206...zCO4&refer=home

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...