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World Stock Markets Trading Discussion - Unwieldy undertakings


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Posted

Early openers unstable: Kiwis +0.6%, Aussies -1.1%, Nikkers -0.6% and Sth Korea -0.1%.

Aussie sectors in a nasty slump: Gold -1.8%, Energy -1.7% and Financials -1.4%.  REITS is the lone green, +0.7%.
 

 

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Posted

The mining scene is certainly slowing down locally with a number of mines going on care and maintenance.  Most mine management is citing overheads as a chief cause of shutdowns and the lack of new projects coming onstream.  Wages have stabilized and employees are hanging on to their jobs. Traffic is less and accommodation plentiful. Rental prices will be the next to drop followed by real estate sales, all part of the cycle.

Posted

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All Ords followed the Asian markets off their lows, closing -0.2%.  REITS +1.7% was the main green sector with Gold -2.3% at the other end.

Over in Asia, China +0.1%, Honkers flat, India -0.3% and Nikkers -0.2%.

 

 

On to UK/Europe:

 

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