Subliminal seepage

[aussiebear]

That sinking feeling. All Ords -0.9% with the mining sector heading the bunch: Miners -1.8%, Materials -1.7% and Gold -1.6%. The only sectors showing (tiny) gains are IT +0.4% and Healthcare +0.2%.

 

 

 

 

[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]

 

 

Found in Japan.

[aussiebear]

 

 

Pretty much a one way trip today. All Ords closed -1.4% with the mining sector going from bad to worse: Miners 2-.7%, Materials -2.5% and Gold -2.1%. REITS managed +0.8% and Utilities +0.2%.

 

Mixed in Asia: China +0.5%, Honkers -0.9%, India +0.1% and Nikkers -1.8%.

 

 

On to UK/Europe:

 

Footsie

 

 

 

DAX

 

 

 

CAC 40

 

[aussiebear]

Hong Kong’s Growth Beats Estimates Amid ‘Bubble’ Risk

 

Feb. 24 (Bloomberg) -- Hong Kong’s economic growth beat estimates in the fourth quarter and Financial Secretary John Tsang forecast an expansion of as much as 5 percent this year as he moved to counter the risk of a real-estate bubble.

 

Gross domestic product rose a seasonally adjusted 2.3 percent from the previous three months, Tsang told lawmakers in his budget speech today. That compared with a 0.4 percent gain in the third quarter and the 2 percent median estimate in a Bloomberg News survey of five economists.

 

Stamp duty on luxury properties will rise to 4.25 percent from 3.75 percent from April 1 and the government will increase the supply of land and residential apartments, Tsang said.

[aussiebear]

Singapore Withdraws Red Carpet for Foreigners

 

Feb. 24 (Bloomberg) -- After luring investor Jim Rogers, actor Jet Li, Filipino maids and Bangladeshi construction workers with one of Asia’s most open immigration policies, Singapore is becoming a little less welcoming to foreigners.

 

Singapore almost doubled the rate it grants citizenship and permanent residence in the past five years to counter a falling birth rate, and let firms bring in thousands to work at hotels, shipyards and restaurants. The move saw foreigners make up one in every three people. The government plans to slow the inflow to avoid being “overwhelmed,” and unveiled higher levies for overseas laborers, cooks and janitors in its Feb. 22 budget.

[aussiebear]

Japan’s Export Growth Accelerates on Global Rebound

 

Feb. 24 (Bloomberg) -- Japan’s exports climbed at the fastest pace in almost 30 years in January, supporting the nation’s economic recovery as falling wages damp demand at home.

 

Shipments abroad advanced 40.9 percent from a year earlier, the biggest increase since February 1980, the Finance Ministry said today in Tokyo. The median estimate of 22 economists surveyed by Bloomberg was for exports to rise 39.5 percent.

 

The improvement in exports was partly due to a favorable year-on-year comparison. In January 2009, shipments abroad tumbled 45.7 percent as global trade froze in the aftermath of the collapse of Lehman Brothers Holdings Inc. in the previous September.

[fxfox]

daytraders beware, this can move market a lot:

 

"Wednesday, February 24, 2010, 10:00 a.m., 2128 Rayburn House Office Building. The Full Committee will hold a hearing to receive the testimony of the Chairman of the Board of Governors of the Federal Reserve System on "monetary policy and the state of the economy."

 

Witness List & Prepared Testimony:

 

* The Honorable ( ) Ben S. Bernanke, Chairman, Board of Governors of the Federal Reserve System

 

House Committee on Financial Services

[I_Am_Madness]

Just dong gold at 1091..

[swordfish]

breaking news from europe (greec). rich greek people put money OUTSIDE greece (source wsj, no link)

 

vice premier of greece is saying that italy is in much worst shape then greece, and they made more swaps transaction hahahahahaha

 

btw, general strike over there. greeks on the street. power to the people:)

[swordfish]

read this (google)

http://translate.google.com/translate?js=y&prev=_t&hl=pl&ie=UTF-8&layout=1&eotf=1&u=http%3A%2F%2Fstooq.pl%2Fn%2F%3Ff%3D309736%26c%3D1%26p%3D18%2B22&sl=pl&tl=en

 

this is really funny

http://translate.google.com/translate?hl=pl&sl=pl&tl=en&u=http%3A%2F%2Fstooq.pl%2Fn%2F%3Ff%3D309785%26c%3D1%26p%3D18%2B22

[I_Am_Madness]

What's the deal with gold.

Can't find any news on the drop beside breaking support at 1100.

[I_Am_Madness]

Just dong gold at 1091..

 

Sold at 1096 for 5 bucks.

Still trying to find an answer for the drop.

[Jetlag]

"

Concerns grow over China's sale of US bonds

Evidence is mounting that Chinese sales of US Treasury bonds over recent months are intended as a warning shot to Washington over escalating political disputes rather than being part of a routine portfolio shift as thought at first.

"

 

http://www.telegraph.co.uk/finance/currency/7300770/Concerns-grow-over-Chinas-sale-of-US-bonds.html

 

Escalation escalator

 

 

Going up

 

"A front-page story in the state’s China Information News said the record $34bn sale of US bonds in December was a "commendable" move. The article was republished by the National Bureau of Statistics, giving it a stronger imprimatur. "