aussiebear Posted January 13, 2011 Report Posted January 13, 2011 Off and running for the early openers: Kiwis +0.9%, Aussies +1.2%, Nikkers +0.7% and Sth Korea +0.6%. Aussie sectors green across the board led by Materials +1.7% and Miners +1.6%. Energy +0.3% has the least gain.
aussiebear Posted January 13, 2011 Author Report Posted January 13, 2011 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted January 13, 2011 Author Report Posted January 13, 2011 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html
aussiebear Posted January 13, 2011 Author Report Posted January 13, 2011 Found in Taiwan clothing store.
aussiebear Posted January 13, 2011 Author Report Posted January 13, 2011 It was a boing! sort of day. All Ords closed +1.4% with Miners +1.9%, Materials +1.8%, Financials +1.6% and not a red sector in sight. Less enthusiasm in Asia: China flat, Honkers +0.5%, India -0.7% and Nikkers +0.6%. On to UK/Europe:
aussiebear Posted January 13, 2011 Author Report Posted January 13, 2011 South Korea Steps Up Inflation Battle With Rates, Price Controls South Korea raised interest rates and announced plans to freeze utility costs and cut food tariffs, nine days after President Lee Myung Bak declared war on quickening inflation that may breach the central bank’s ceiling. The won rose and bonds fell after the Bank of Korea said Governor Kim Choong Soo and the policy board raised the seven- day repurchase rate by a quarter of a percentage point to 2.75 percent in Seoul today. The increase adds to a combined half percentage-point rise in July and November from a record low. South Korea lags behind some Asian counterparts in boosting interest rates to tackle price pressures spurred by economic growth and foreign capital inflows. Inflation has exceeded the benchmark rate for a record 14 straight months, skewing incentives toward spending rather than saving.
aussiebear Posted January 13, 2011 Author Report Posted January 13, 2011 Japan Machinery Orders Unexpectedly Fall as Companies Pare Spending Plans Japanese machinery orders unexpectedly fell in November, signaling that companies are reluctant to increase spending on factories and equipment because of concern about the strong yen’s effect. Factory orders fell 3 percent from October, when they dropped 1.4 percent, the Cabinet Office said today in Tokyo. Orders, an indicator of capital spending in three to six months, were projected to rise 2 percent, according to the median forecast of 29 economists surveyed by Bloomberg News. It was the third monthly decline.
Rationalize Posted January 13, 2011 Report Posted January 13, 2011 and the guys who conduct a POMO are just students, what a joke. http://www.nytimes.com/2011/01/11/business/economy/11fed.html?_r=3&emc=eta1 On one recent morning, trader one was Tiffany Wilding, 26. While she reviewed the stream of offers and then the prices finally accepted by the algorithm, trader two, Blake Gwinn, 29, double-checked her decisions and trader three, James White, 29, made a duplicate of everything in case the computers crashed. hahahaahahahhaaaa what a joke the FED is. Same age group on the IB trade floors I've seen.. If you're over 35yo, it's hard to do the hours & keep up with the "team building" night-life. Got kids? Forget it.
DrStool Posted January 13, 2011 Report Posted January 13, 2011 Actual claims jumped by 192,000. There's always a jump in the first week of the new year, but this is substantially above last year's rise of 157,000. It also smashes the trend of improvement from the 2009 peak.
I_Am_Madness Posted January 13, 2011 Report Posted January 13, 2011 US dollar down the tube http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSIM144/PR I guess that's bullish for stocks.
Jorma Posted January 13, 2011 Report Posted January 13, 2011 I guess that's bullish for stocks. It's a chicken and egg thing. In general it seems a weak dollar represents good market liquidity.
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