aussiebear Posted March 10, 2010 Report Posted March 10, 2010 Up for both us and the Kiwis but looks like we're waiting for Asia for some firm direction. All Ords +0.2% led by IT +1.4% and Telecomms/Utilities +1.2%. At the red end REITS is down the most, -1.4%.
aussiebear Posted March 10, 2010 Author Report Posted March 10, 2010 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted March 10, 2010 Author Report Posted March 10, 2010 http://money.cnn.com/markets/morning_call/ http://www.kitco.com http://www.kitconet.com/webcharts/base_metals.html Energy futures
aussiebear Posted March 10, 2010 Author Report Posted March 10, 2010 Found on 41st Ave. in Flushing, NY.
aussiebear Posted March 10, 2010 Author Report Posted March 10, 2010 Australian Home-Loan Approvals Fall Most in Decade March 10 (Bloomberg) -- Australian home-loan approvals unexpectedly fell in January by the most in almost a decade after central bank Governor Glenn Stevens raised borrowing costs and the government cut assistance to first-time buyers. The number of loans granted to build or buy houses and apartments dropped 7.9 percent to 51,056 from December, when they declined a revised 5.1 percent, the statistics bureau said in Sydney today. The median estimate of 20 economists surveyed by Bloomberg News was for a 2 percent advance. The number of loan approvals has tumbled almost 21 percent since the end of September, when the government partially reduced grants to first-time buyers of newly built dwellings from A$21,000 ($19,200). The payments were also lowered on Jan. 1 to A$7,000. First-home buyers accounted for 20.5 percent of dwellings that were financed in January, down from 21 percent in December, and the lowest level since October 2008, the statistics bureau said today.
aussiebear Posted March 10, 2010 Author Report Posted March 10, 2010 Japanese Machinery Orders Declined 3.7% in January March 10 (Bloomberg) -- Japan’s machinery orders slipped in January after the biggest jump since 2000, indicating a subdued appetite among the nation’s companies to ramp up capital spending even as manufacturing passed its worst. Orders, a signal of business investment in three to six months, dropped 3.7 percent from December, when they climbed 20.1 percent, the Cabinet Office said today. The government said after the report that machinery demand is “bottoming.”
capitall Posted March 10, 2010 Report Posted March 10, 2010 Found on 41st Ave. in Flushing, NY. What did they intend to say? Do not short?
aussiebear Posted March 10, 2010 Author Report Posted March 10, 2010 What did they intend to say? Do not short? My guess is "Do not litter"...
aussiebear Posted March 10, 2010 Author Report Posted March 10, 2010 A case of the haves and the have-nots. All Ords finished flat and at one end we have IT +2.9%, Telecomms +2.6%, Utilities +1.3% and at the other REITS -2.2%, Consumer Staples -0.6% and Consumer Discretionary -0.4%. Asia swinging back and forth: China -0.5%, Honkers flat, India +0.7% and Nikkers +0.1%. On to UK/Europe: Footsie DAX CAC 40
Charmin Posted March 10, 2010 Report Posted March 10, 2010 With bulls standing under the mistletoe - can we take back some momentum. "last Friday’s employment report seems to be following its historical pattern of creating a one to 2-day triple-digit move in one direction or the other by the Dow. The rest of that pattern is that whichever direction the move takes is usually reversed over the following few days." http://www.streetsmartpost.com/
aussiebear Posted March 10, 2010 Author Report Posted March 10, 2010 U.K. Manufacturing Drops for First Time Since August March 10 (Bloomberg) -- U.K. factory production unexpectedly fell in January for the first time in five months, a sign manufacturing is struggling to shake off the nation’s longest recession on record. Factory output dropped 0.9 percent from December, the Office for National Statistics said today in London. Economists predicted a 0.2 percent increase, according to the median of 26 forecasts in a Bloomberg News survey. The pound fell as much as 0.4 percent after the report and traded at $1.4909 as of 10:26 a.m. in London.
DrStool Posted March 10, 2010 Report Posted March 10, 2010 Good Morning! Welcome to The Daily Stool! Thanks to aussiebear for opening the thread each day! You can join the discussion by registering (PG rated user names only, please) and posting here as well. Registration is easy. Just click the Register link above, enter your email address (which you have the option to keep confidential), and enter a user name. Due to a deluge of spam registrations, I review all registrations so it may take a few hours for your registration to be approved. If you have questions about how to register and post, use the Help link in the menu bar at the top of the page. If you know others who might be interested in joining us, use the email to a friend link above the thread. Many tanks for joining us! Doc Try the Professional Edition risk free for thirty days. If, within that time you don't find the information helpful, I'll give you a full refund. It's that simple!Click here for more information. Subscribe to the Wall Street Examiner Professional Edition Precious Metals Daily, just $49 quarterly. Try it risk free for 30 days! Get this indispensable daily analysis and support the Stool!
DrStool Posted March 10, 2010 Report Posted March 10, 2010 Still having that intermittent problem of being unable to resolve the host when making a post here. Any of you IT geniuses have any idea what's causing that? Only happens on my PC, not my laptop. Bees are.
Rationalize Posted March 10, 2010 Report Posted March 10, 2010 OMFG!! We're gonna have a lost decade!! Oh, wait, we already had one .. S&P Cash Weekly, long time. Where to from here? -- "Range bound resistance land" IMO.
juggler Posted March 10, 2010 Report Posted March 10, 2010 U.K. Manufacturing Drops for First Time Since August March 10 (Bloomberg) -- U.K. factory production unexpectedly fell in January for the first time in five months, a sign manufacturing is struggling to shake off the nation’s longest recession on record. Factory output dropped 0.9 percent from December, the Office for National Statistics said today in London. Economists predicted a 0.2 percent increase, according to the median of 26 forecasts in a Bloomberg News survey. The pound fell as much as 0.4 percent after the report and traded at $1.4909 as of 10:26 a.m. in London. UK has manufacturing ... :lol:
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