IDS World Markets Tues 1st December 09

[aussiebear]

 

 

Found at hospital in Xin Jiang, China.

[aussiebear]

 

 

 

 

 

 

 

 

 

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

[aussiebear]

 

 

http://money.cnn.com/markets/morning_call/

 

 

 

 

 

 

 

http://www.kitco.com

 

 

http://www.kitconet.com/webcharts/base_metals.html

 

Energy futures

[aussiebear]

 

 

Hanging out in space. All Ords currently -0.3% with REITS down the most, -1.5% with Financials next at -0.5%. Gold, IT and Telecomms are the greenest, all +0.7%.

[Rationalize]

Armstrong was just helping our balance of payments, Bernie was swindling his buds, big difference.

 

Take that, Plaza accord.

[roxy]

Emergency policy meeting @ Bank of Japan:

 

http://www.bloomberg.com/apps/news?pid=206...id=a939RHyLK63M

 

 

I suspect that most observers have no clue how important it is. It's just a start of competitive devaluations among economic superpowers.

 

It will be the most damaging to the countries with high inflation, like China, and not so damaging for those with deflation. But they have very little understanding that triggering the economic chaos in China will cascade through the rest of the world. We are too dependent.

[aussiebear]

 

 

A sideways lurch for the day with little movement in the sectors. All Ords finished +0.4% with IT in the lead, +1% followed by Gold +0.8% and Telecomms +0.7%. REITS -0.3% and Consumer Staples -0.2% were the only down sectors.

 

Nikkers is the only mover in Asia, +1,6%. Of the others, China -0.1%, Honkers +0.6% and India +0.8%.

 

 

On to UK/Europe:

 

Footsie

 

 

 

DAX

 

 

 

CAC 40

 

[capitall]

Goldman Sachs Arms Itself

 

http://trueslant.com/matttaibbi/

[Drano]

Goldman Sachs Arms Itself

 

http://trueslant.com/matttaibbi/

Maybe it's time to buy SWHC. Although I suppose those Goldman twits would want whatever the most expensive imported gun is, instead of a mere plebeian Smith and Wesson.

[TenaciousG]

Emergency policy meeting @ Bank of Japan:

 

http://www.bloomberg.com/apps/news?pid=206...id=a939RHyLK63M

 

 

I suspect that most observers have no clue how important it is. It's just a start of competitive devaluations among economic superpowers.

 

It will be the most damaging to the countries with high inflation, like China, and not so damaging for those with deflation. But they have very little understanding that triggering the economic chaos in China will cascade through the rest of the world. We are too dependent.

 

BOJ - 10 Trillion Yen ($115 Billion USD) in stimulus - is that a lot?

[Charmin]

Goldman Sachs Arms Itself

 

http://trueslant.com/matttaibbi/

 

Maybe everyone has fighting words for GS now that they've stated their real purpose.

 

Celente says:

GS_is_doing_God__s_work.mp3

[swordfish]

Morgan Stanley fears UK sovereign debt crisis in 2010

Britain risks becoming the first country in the G10 bloc of major economies to risk capital flight and a full-blown debt crisis over coming months, according to a client note by Morgan Stanley.

[...]

Morgan Stanley said Britain’s travails are one of three “surprises” to expect in 2010. The other two are a dollar rebound, and strong performance by pharmaceutical stocks.

http://www.telegraph.co.uk/finance/economi...is-in-2010.html

[aussiebear]

Australia Increases Benchmark Interest Rate to 3.75%

 

Dec. 1 (Bloomberg) -- Australia’s central bank raised its benchmark interest rate by a quarter percentage point for an unprecedented third straight month as evidence mounts that the nation’s economy is strengthening.

 

Reserve Bank Governor Glenn Stevens increased the overnight cash rate target to 3.75 percent from 3.5 percent in Sydney, as forecast by 19 of 20 economists surveyed by Bloomberg News. The board won’t meet again until February.

[aussiebear]

Australian Manufacturing Expands at Slower Pace

 

Dec. 1 (Bloomberg) -- Australian manufacturing grew in November at a slower pace as companies reported fewer new orders and a faster decline in inventories and supplier deliveries.

 

The performance of manufacturing index fell 0.5 points from October to 51.2, the Australian Industry Group and PricewaterhouseCoopers said in a survey released in Canberra today. A reading above 50 signals manufacturing is expanding.

[aussiebear]

Chinese Manufacturing Accelerates

 

Dec. 1 (Bloomberg) -- China’s manufacturing grew last month at the fastest pace in five years, a survey showed, helping Asia to lead the recovery from the global economic slump.

 

The purchasing managers’ index released today by HSBC Holdings Plc rose to a seasonally adjusted 55.7 from 55.4. The government’s PMI, also released today, held at an 18-month high.