Jump to content


Photo
- - - - -

IDS World Markets Thurs 6th December 07


This topic has been archived. This means that you cannot reply to this topic.
329 replies to this topic

#1 aussiebear

aussiebear

    Dean of Stock Proctology

  • Moderators
  • PipPipPipPipPipPipPipPipPip
  • 18,499 posts

Posted 05 December 2007 - 07:40 PM

Posted Image

Posted Image

Posted Image

Posted Image

Posted Image

Posted Image

Posted Image

Posted Image

Posted Image

http://finance.yahoo.com/intlindices

#2 aussiebear

aussiebear

    Dean of Stock Proctology

  • Moderators
  • PipPipPipPipPipPipPipPipPip
  • 18,499 posts

Posted 05 December 2007 - 07:42 PM

Posted Image

Posted Image

http://money.cnn.com...s/morning_call/


Posted Image


Posted Image


Posted Image

http://www.kitco.com

Energy futures

Currencies/Au/Ag

#3 aussiebear

aussiebear

    Dean of Stock Proctology

  • Moderators
  • PipPipPipPipPipPipPipPipPip
  • 18,499 posts

Posted 05 December 2007 - 07:54 PM

Posted Image


Looks like the only direction is up. All Ords +1.2% with all sectors green. It's back to the old faves leading, Energy +1.6% and Materials +1.5%. IT is up the least, +0.5%.

The big miners up of course: BHP +2.2% and RIO +0.6%. Golds looking uncertain, Newcrest -0.7%, Newmont flat and Lihir +0.8%.

Oils green: Woodside +1.3%, Santos +1.8% and Caltex +0.9%.

#4 aussiebear

aussiebear

    Dean of Stock Proctology

  • Moderators
  • PipPipPipPipPipPipPipPipPip
  • 18,499 posts

Posted 05 December 2007 - 10:20 PM

South African Business Confidence Drops to Lowest in 3 Years

Dec. 5 (Bloomberg) -- South African business confidence fell to its lowest in more than three years last month as higher interest rates and gasoline prices boosted business costs, the South African Chamber of Commerce and Industry said.

The Business Confidence Index declined to 95.8 in November from 96.9 in the previous month, the Johannesburg-based chamber said in an e-mailed statement today. November's level is the lowest since February 2004.

South Africa's central bank has increased its benchmark interest rate three times this year to 10.5 percent to curb spending and inflation, which has exceeded its 3 percent to 6 percent target range since April. The bank will probably raise the rate by half a percentage point tomorrow, according to all 25 economists surveyed by Bloomberg.

#5 aussiebear

aussiebear

    Dean of Stock Proctology

  • Moderators
  • PipPipPipPipPipPipPipPipPip
  • 18,499 posts

Posted 05 December 2007 - 10:25 PM

U.K. House Prices Decline, Worst Streak Since 1995

Dec. 5 (Bloomberg) -- U.K. house prices fell for a third month in November, the worst performance in more than a decade, and services growth slowed, increasing speculation the Bank of England will cut interest rates tomorrow.

The average cost of a home in Britain declined 1.1 percent to 194,895 pounds ($400,000) from a month earlier, a report by HBOS Plc showed today. Prices last fell for three months in a row in 1995. Services from banking to travel grew at the slowest pace in four years last month, according to an index by the Chartered Institute of Purchasing and Supply.

---------------

Pound Drops to 4-Year Low Against Euro

Dec. 5 (Bloomberg) -- The pound dropped to the lowest in more than four years against the euro after industry reports indicating slower U.K. economic growth prompted some banks to forecast a cut in interest rates tomorrow.

The pound also fell to a six-week low versus the dollar as data showed U.K. services growth slowed, house prices fell for a third month in November and consumer confidence slipped the most in at least three years.

#6 aussiebear

aussiebear

    Dean of Stock Proctology

  • Moderators
  • PipPipPipPipPipPipPipPipPip
  • 18,499 posts

Posted 05 December 2007 - 10:28 PM

Tokyo Office Vacancy Rate Fell to Six-Year Low in November

Dec. 6 (Bloomberg) -- Tokyo office vacancies fell in November to the lowest in at least six years, real estate brokerage Miki Shoji Co. said.

The vacancy rate in Tokyo's five central districts of Chiyoda, Chuo, Minato, Shinjuku and Shibuya fell to 2.49 percent, from 2.55 percent in October. Miki Shoji's report was released today through the Ministry of Land, Infrastructure and Transportation.

Tokyo office vacancies may not have been this low since December 1991, when they fell to 1.79 percent, according to Miki Shoji, which started compiling monthly data in 2001.

#7 cwd

cwd

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 13,435 posts

Posted 06 December 2007 - 01:06 AM

It's a done deal. now for the unintended consequences. <_<

Subprime Rate Five-Year Fix Agreed by U.S. Regulators (Update8)

By Alison Vekshin

Dec. 5 (Bloomberg) -- Federal regulators and U.S. lenders agreed to freeze interest rates on subprime mortgages for five years to stem rising foreclosures, said a person familiar with the measure
http://www.bloomberg...o&refer=economy

#8 aussiebear

aussiebear

    Dean of Stock Proctology

  • Moderators
  • PipPipPipPipPipPipPipPipPip
  • 18,499 posts

Posted 06 December 2007 - 01:37 AM

Posted Image


Quite a bounce today which looks bullish on the daily chart and merely a dead cat bounce on the weekly. All Ords closed +1.4% with Property Trusts taking over the lead, +3% followed by Healthcare +2.2%. IT continued to lag, +0.3%.

Miners failed to follow up on the morning lead: BHP +1.6%, RIO +0.6% and golds remained a bit this and that, Newcrest +1.6%, Newmont -0.5% and Lihir -0.8%. Juniors were flat to down.

Oils looked reasonable: Woodside +1.4%, Santos +1.8% and Caltex +1.4%.

Over in Asia, only China in the red, -0.5%, India and Singers +1.3%, Nikkers +1.2% and Honkers +0.9%.


On to UK/Europe:

Posted Image

Posted Image

Posted Image

http://finance.yahoo...ndices?e=europe

#9 EZ_Money

EZ_Money

    Stock Proctology Intern

  • Members
  • Pip
  • 416 posts

Posted 06 December 2007 - 05:31 AM

It's a done deal. now for the unintended consequences.  <_<

Subprime Rate Five-Year Fix Agreed by U.S. Regulators (Update8)

By Alison Vekshin

Dec. 5 (Bloomberg) -- Federal regulators and U.S. lenders agreed to freeze interest rates on subprime mortgages for five years to stem rising foreclosures, said a person familiar with the measure
http://www.bloomberg...o&refer=economy

View Post


The Administration may be able to muscle U.S. banks and U.S.-based investors holding CDO paper, but what control can they exert over foreign creditors holding same that don't agree to go along with the program?

Will foreign creditors claim exemption from U.S. law and declare that a default/acceleration event has occurred?

I doubt anyone entity can control the credit markets, domestic or global.

IMHO, a lack of clarity, and the inability to quantify risk will result in investors demanding much higher yields, and/or a substantial reduction of capital available to the credit markets.

In the name of political expediency, I believe a giant monkey-wrench has been thrown into the gearbox of the credit machinery.

Also, what about the political blow-back from outraged, responsible citizens (who struggle to meet their obligations in a timely manner) who are furious to see less responsible neighbors receive special privileged treatment?

Indeed, the Law of Unintended Consequences is now in play... :ph34r:

#10 Drano

Drano

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 23,315 posts

Posted 06 December 2007 - 05:42 AM

The few who are outraged know that nothing they do, say, or write their congresspeople about will stop the juggernaut from going ahead, so they are shrugging their shoulders and burning inside. Just something else to complain to their friends about.
Of course I'm caustic!

#11 alceringa

alceringa

    Professor of Stock Proctology

  • Moderators
  • PipPipPipPipPipPipPip
  • 5,125 posts

Posted 06 December 2007 - 05:58 AM

The few who are outraged know that nothing they do, say, or write their congresspeople about will stop the juggernaut from going ahead, so they are shrugging their shoulders and burning inside. Just something else to complain to their friends about.

View Post


;)

:lol:

Posted Image


:ph34r:

:o
"Americans can always be counted on to do the right thing...after they have exhausted all other possibilities."
Churchill

"You can fool some of the people all of the time."
Lincoln

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
Jefferson

#12 Drano

Drano

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 23,315 posts

Posted 06 December 2007 - 06:35 AM

Al, who's your avatar?
Of course I'm caustic!

#13 curious

curious

    Stock Proctology Intern

  • Members
  • Pip
  • 90 posts

Posted 06 December 2007 - 07:48 AM

This part from the bloomberg article caused 5 minutes of hysterical laugh:

"...Those with scores above 660 will be more closely scrutinized to determine whether they are eligible or must continue making payments under existing terms, said the person..."

Now everyone with adjustable arm and credit score above 660 just have to work HARD to lower their credit score and they will get the benefit too, problem solved in unconventional way ;)

#14 alceringa

alceringa

    Professor of Stock Proctology

  • Moderators
  • PipPipPipPipPipPipPip
  • 5,125 posts

Posted 06 December 2007 - 07:55 AM

Al, who's your avatar?

View Post


Da Bama Bear.
"Americans can always be counted on to do the right thing...after they have exhausted all other possibilities."
Churchill

"You can fool some of the people all of the time."
Lincoln

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
Jefferson

#15 Drano

Drano

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 23,315 posts

Posted 06 December 2007 - 07:58 AM

Al, who's your avatar?

View Post


Da Bama Bear.

View Post

Oh.

Great. An utter bastard.

Appropriate for what's about to happen this morning.
Of course I'm caustic!





Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
Download 
The Anals of Stock Proctology now!



The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.


The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!
Get Mugged!


Dr. Stool's
Book Search

Enter title, author, or keyword
Just books
All Products





Old Stool Depository

Live Steaming Pile Chart