IDS World Markets Tues 2nd February 10

[aussiebear]

 

 

Found in Japan.

[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]

 

 

Buyers scrambling this am. All Ords +1.4% with the Mining sector leaping +4% and Materials/Gold both +3.7%. Healthcare is the wallflower, -0.7%.

[I_Am_Madness]

Bounced right off of trend line.

[aussiebear]

 

 

The bullz on maximum charge today. All Ords finished the day +1.8% but the big moves were confined to a handful of sectors: Miners +4%, Materials/Gold +3.8%, REITS +3.6% and Energy +3.1%. IT was the only downer, -0.3%.

 

Asia not getting carried away: China +1.1%, Honkers and India +0.2% and Nikkers +1.3%. Singers, Sth Korea and Taiwan are in the red.

 

 

On to UK/Europe:

 

Footsie

 

 

 

DAX

 

 

 

CAC 40

 

[aussiebear]

Australia Unexpectedly Keeps Interest Rate at 3.75%

 

Feb. 2 (Bloomberg) -- Australia’s central bank unexpectedly paused in raising interest rates as Governor Glenn Stevens opted to support the economy’s acceleration and stem inflation later.

 

The Reserve Bank of Australia kept the overnight cash rate target at 3.75 percent after three increases, it said in Sydney today. The decision confounded the forecast of all 20 economists in a Bloomberg News survey for a quarter-point move, and futures contracts that signaled a 74 percent chance of an increase.

[aussiebear]

Australian Business Confidence Falls to Six-Month Low

 

Feb. 2 (Bloomberg) -- Australian business confidence fell in December to the lowest level in six months, a sign the central bank’s record round of interest-rate increases is damping sentiment.

 

The confidence index dropped 11 points to 8, according to a National Australia Bank Ltd. survey of more than 400 companies released in Sydney today. A figure above zero shows optimists outnumber pessimists.

[aussiebear]

Japan Wages Slump at Near-Record Pace of 6.1% as Bonuses Slide

 

Feb. 2 (Bloomberg) -- Japan's wages slumped at a near- record pace in December as employers pared workers' bonuses, an indication that consumer spending is unlikely to drive the economic recovery.

 

Monthly wages including overtime and bonuses slipped 6.1 percent from a year earlier to 549,259 yen ($5,056), the Labor Ministry said today in Tokyo. Paychecks slumped an unprecedented 7 percent in June.

[Jetlag]

The demise of sugar prices is consensual

 

"Raw sugar prices probably will decline from a 29-year high this year as a “huge increase” in production driven mainly by Brazil may balance the market, according to German research company F.O. Licht.

 

“The foundation for the end of the sugar boom is currently being laid,” Christoph Berg, the company’s managing director, said in an interview at a conference in Manila today. “Prices are to fall over the course of 2010.” "

 

http://www.bloomberg.com/apps/news?pid=206...5KR4&pos=14

 

I wouldn't be so sure when everybody else is.

 

 

[fxfox]

Dow CFD (it is the Dow Emini + circa 50 points)

 

bears should hope that this res area here doesnt get broken to the upside. Of course we have pos divs, one knows that without having MACD on chart. We need start droping hard soon or these pos divs will materialize.

[Lemur]

Hella gap on Audusd chart on rate news.

 

Silver at resistance here.

[Lemur]

900 worked its magic again.

 

First chart (SPY) I posted last fri.

 

Second chart from the close yesterday.

[Lemur]

Silver showing signs of hitting its head off resistance.

 

Audusd long worth a shot for that gap close.

[DrStool]

"Practice honesty, and pay the price."

 

That line hit me like a wet grapefruit. My God! It's the story of my life.

 

Honesty, of course, is in the eye of the beholder. Unfortunately, our cultural values have been so watered down, have become so callous and twisted, that most people have no idea HOW practice honesty. They don't know what it is. And even if they do, they don't care. The concept society values most is short term expediency, which means "anything goes, as long as I get what I want." The far end of the bell curve still practicing honesty pays a heavy price in such a world, but they are at least prepared for the ugly reality that faces the majority, who, when stripped of the trappings of expediency find themselves left with nothing but moral emptiness, and emotional misery and despair.