IDS World Markets Mon 1st February 10

[aussiebear]

 

 

http://www.engrish.com/2008/07/id-go-in-if-i-were-you/

[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]

 

 

Bouncing around aimlessly at this stage. All Ords -0.1% with Utilities and Healthcare down the most, -0.9%. At the other end, IT +1.2%, Miners +0.7% and Materials +0.6%.

[aussiebear]

 

 

A bounce attempt but it failed miserably. All Ords closed -1.1% with the Gold sector taking out the honours for biggest loss, -2.6% with Energy a close second, -2.5%. There were only two green survivors, Consumer Discretionary +0.5% and IT +0.4%.

 

Red throughout Asia: China -1.9%, Honkers -0.6%, India -0.1% and Nikkers flat.

 

On to UK/Europe:

 

Footsie

 

 

 

DAX

 

 

 

CAC 40

 

[aussiebear]

Australian Property Prices, Manufacturing, Inflation Accelerate

 

Feb. 1 (Bloomberg) -- Australian house prices rose last quarter by the most since 2003, manufacturing expanded and a gauge of inflation jumped the most in six months, increasing the central bank’s scope to raise borrowing costs tomorrow.

 

An index measuring the weighted average of prices for houses in the eight capital cities climbed 5.2 percent from the previous three months, the Bureau of Statistics said today in Sydney. Manufacturing grew last month after shrinking in December and consumer prices rose 0.8 percent, separate reports said.

[aussiebear]

China Sustains Expansion as Inflation Pressures Grow

 

Feb. 1 (Bloomberg) -- China, the world’s third-biggest economy, sustained its manufacturing expansion in January as export orders jumped and inflation pressures grew, two surveys showed today.

 

A purchasing managers’ index released by HSBC Holdings Plc and Markit Economics rose to a record. A second survey, by the Federation of Logistics and Purchasing, recorded the second- fastest growth since 2008.

[aussiebear]

India’s Manufacturing Output Rises Most in 17 Months

 

Feb. 1 (Bloomberg) -- India’s manufacturing output accelerated at the fastest pace in 17 months in January, underscoring the central bank’s decision last week to start tightening monetary policy.

 

HSBC Holdings Plc and Markit Economics’ Purchasing Managers’ Index stood at 57.6 last month, compared with 55.6 in December, according to a report released today. That was the tenth monthly reading above 50, which indicates a gain in factory production.

 

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India’s December Exports Climbed 9.3% to $14.6 Billion

 

Feb. 1 (Bloomberg) -- India’s exports in December rose 9.3 percent to $14.6 billion, the commerce ministry said in a statement in New Delhi today. Imports rose 27.2 percent to $24.7 billion.

[aussiebear]

 

 

'Exciting opportunity to live in fast-growing and popular Riverdale! Attention renovators and contractors! Large propoerty with open pallette for your own design! No showings until Feb 1st!'

 

Lot 21 feet wide by 60. Three kitchens. Semi-detached. See it tomorrow. Bring your chequebook and prayer beads. $328,500.

 

http://www.greaterfool.ca/

[Lemur]

Will have to stay up all night more often (see last nights M2M).

 

15 trades in a row - all winners.

[Lemur]

Took profits on Fri's S+P long at 1080. Would like it to turn here now to keep my puts in the green zone.

 

Letting some Eurusd, Eurjpy run here.

[aussiebear]

Will have to stay up all night more often (see last nights M2M).

 

15 trades in a row - all winners.

 

Excellent!

[Jetlag]

"Investors are pulling cash out of Europe at a record pace as central banks slow euro purchases, jeopardizing its status as a substitute to the dollar as the world’s reserve currency. "

 

"Billionaire investor George Soros said Jan. 28 that there’s “no attractive alternative” to the dollar. "

 

"Pessimistic Roubini

 

“Down the line, not this year or two years from now, we could have a breakup of the monetary union,” Roubini, who predicted the financial crisis a year before it began, said in a Bloomberg Radio interview on Jan. 26. Speaking to Bloomberg Television at the same event, Soros said the euro’s “problems” make it an unviable substitute reserve currency. "

 

"European Central Bank President Jean-Claude Trichet’s resistance to printing euros to revive growth fueled a nine- month, 21 percent rally versus the dollar that ended Nov. 25.

The Federal Reserve cut its interest benchmark to as low as zero and created new money to fund purchases of $300 billion in Treasuries and $1.25 trillion in mortgage-backed securities. The ECB didn’t start cutting its target rate until October 2008, more than a year after the Fed, stopped at 1 percent and committed 60 billion euros to buy covered bonds to boost an economy that’s almost as big as the U.S.’s. "

 

http://www.bloomberg.com/apps/news?pid=206...2YQvE&pos=2

 

Can the market go down without the dollar going up?

[fxfox]

The market action feels like the silence before the storm. Sure we are up on the futures, but their upmove as well as the upmove in eurjpy feels only like a technical one. Also there was not the - from some expected - 3 a.m. EST futures pump intervention move, just a bit buying, but no big deal i think.

 

Just a feeling - could be wrong of course - but wouldnt be surpised if the wheels would fall off later in the day.

[psyche doctor]

Sheesh. Wicked action in the sugar futures. Near the open, this POS gapped up and made new highs, then did another wicked reversal just like Friday. I added even more shorts near 30.20 and dumped the new batch near 29.70 just to be safe. Trying to keep a core short position in hopes of catching the top. Hopefully, this is it. It may be part of my mental illness, but I have developed some wierd fascination with sugar - it is an evil that I must defeat. This sugar is a strange and peculiar beast.