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World Stock Markets Trading Discussion - Libertine liaisons


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Early openers up but not getting too carried away (unlike Europe): Kiwis +0.7%, Aussies +1%, Nikkers +1.2% and Sth Korea +0.1%.

In Aussie sectors, Miners and Materials +1.5%, IT +1.3% with Gold -0.4% the only down sector.
 

 

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It's starting to look like the stairway to heaven for All Ords.  The index closed +0.9% with REITS +1.8% easing into the lead followed by IT +1.6% and Telecomms +1.5%.  Gold -2.2% remained the only red sector.

Over in Asia, China +0.1%, Honkers +1.9%, India +0.6% and Nikkers +2.1%.

 

 

On to UK/Europe:

 

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http://soberlook.com/2013/07/two-contributors-to-crude-oil-spike.html

 

Didn't see the drop in crude inventories coming.

 

Also didn't connect the ongoing interest rate rise with making crude storage less attractive. Don't think the real pipeline effects hit until later in the year.

 

Long term rate rise has piqued my interest. Starting to wonder what 30 year rate will look like in 3 years.

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