aussiebear Posted February 29, 2008 Report Share Posted February 29, 2008 http://finance.yahoo.com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted February 29, 2008 Author Report Share Posted February 29, 2008 http://money.cnn.com/markets/morning_call/ http://www.kitco.com Energy futures Currencies/Au/Ag Link to comment Share on other sites More sharing options...
aussiebear Posted February 29, 2008 Author Report Share Posted February 29, 2008 The punters not happy today. All Ords -1.5% with Financials doing the drop, -3.5% closely followed by Property Trusts -3.2%. There's only two green sectors, Energy +1.7% and Mining +0.1%. The big miners marking time: BHP -0.3% and RIO -0.2%. Golds solidly higher, Newcrest +2.3%, Newmont +1.5% and Lihir +3%. Juniors mixed. Oils looking bullish: Woodside +2.3% and Santos +3.5%. Caltex not joining the party, -0.8%. Link to comment Share on other sites More sharing options...
fxfox Posted February 29, 2008 Report Share Posted February 29, 2008 short Nikkei 13625 Link to comment Share on other sites More sharing options...
fxfox Posted February 29, 2008 Report Share Posted February 29, 2008 closed 13555, quick money, will go down a bit more, but i want to go to bed. Good night. Link to comment Share on other sites More sharing options...
aussiebear Posted February 29, 2008 Author Report Share Posted February 29, 2008 Back to a support level at the lower end of the recent trading range. All Ords closed -1.2% with most sectors down for the day. Financials maintained the downside lead, -3.5% with IT next at -3.1%. The only green sectors were Energy, +1.8%, Mining +0.9% and Materials +0.7%. BHP got stuck in a churn 'n burn, -0.1% but RIO did better, +1.2%. Golds looked good: Newcrest +4.2%, Newmont +2% and Lihir +8.8%. No rampant speculation in the juniors, flat to down. Oils did well for the most part: Woodside +2.5%, Santos +2.3% and Caltex -1.9%. Asia mostly down: Nikkers -2.5%, Singers -1.8%, Honkers -1.6% and China +1.2%. Over to UK/Europe: http://finance.yahoo.com/intlindices?e=europe Link to comment Share on other sites More sharing options...
aussiebear Posted February 29, 2008 Author Report Share Posted February 29, 2008 Japan's Inflation Rate Matches Fastest in Nine Years Feb. 29 (Bloomberg) -- Japan's consumer prices rose for a fourth month in January, matching the fastest pace in more than nine years, as companies passed on higher costs of oil, wheat and soybeans. Core consumer prices climbed 0.8 percent from a year earlier, the same rate as December, the statistics bureau said today in Tokyo. The median estimate of 46 economists surveyed by Bloomberg News was for a 0.9 percent increase. The successor to Bank of Japan Governor Toshihiko Fukui, who steps down next month, will have to juggle slower economic growth and faster inflation when setting interest rates. The economy is in a soft patch that may be ``somewhat prolonged,'' central bank policy maker Atsushi Mizuno said yesterday. Link to comment Share on other sites More sharing options...
Peek Paper Posted February 29, 2008 Report Share Posted February 29, 2008 Doesn't get much more bullish than this ... all the news is bad, leap days are always bullish, the bottom is in, Merika is attacking every country in the Middle East ... damn bullish, damn straight, party on ... Link to comment Share on other sites More sharing options...
aussiebear Posted February 29, 2008 Author Report Share Posted February 29, 2008 U.K. House Prices Fell in February in Worst Streak Since 2000 Feb. 29 (Bloomberg) -- U.K. house prices fell in February in the worst streak of monthly declines since 2000, a sign two interest-rate cuts have yet to support the property market, a report by Nationwide Building Society showed. Home values dropped for a fourth month, decreasing 0.5 percent from January to 179,358 pounds ($356,581), Britain's fourth-biggest mortgage lender said today. From a year earlier, prices rose 2.7 percent, the least since November 2005. Banks have cut back on property loans to consumers with record debt and have refused to pass on the Bank of England's quarter-point interest-rate reductions in full, discouraging homebuyers. Data for January due today may show lenders approved the fewest new mortgages in at least nine years, a Bloomberg survey of economists shows. Link to comment Share on other sites More sharing options...
aussiebear Posted February 29, 2008 Author Report Share Posted February 29, 2008 South African Credit Rises 23% Feb. 29 (Bloomberg) -- South African credit growth accelerated to 23 percent in January, more than forecast and adding to pressure on inflation. Borrowing by households and companies rose from a revised 21.6 percent in December, the Pretoria-based central bank said today. Credit was expected to expand 21.1 percent, according to the median estimate of 13 economists surveyed by Bloomberg. The pick up in credit may add to speculation the central bank will resume raising rates, or keep them unchanged at a four-year high for longer, even as economic growth slows. Inflation accelerated to a five-year high of 8.8 percent in January as four rate increases last year failed to slash demand. The broad M3 measure of money supply increased an annual 25.2 percent in January, compared with 23.7 percent in the previous month, the central bank said. M3 was expected to rise 24 percent, according to the Bloomberg survey. Link to comment Share on other sites More sharing options...
laz_the_hun Posted February 29, 2008 Report Share Posted February 29, 2008 emea currencies not looking good eurisk, eurtry, eurhuf, eurron, bond mkts in freefall Link to comment Share on other sites More sharing options...
fxfox Posted February 29, 2008 Report Share Posted February 29, 2008 emea currencies not looking good eurisk, eurtry, eurhuf, eurron, bond mkts in freefall 647791[/snapback] your post is tooo cryptic! for starters: EURHUF is Euro vs. Hungarian Forint also the abbriviation "EMEA" usually mean "Europe, Middle East, Asia". Had you in mind that "Emerging Markets" currencies have trouble? Link to comment Share on other sites More sharing options...
Mies van der Rump Posted February 29, 2008 Report Share Posted February 29, 2008 Is "material" a lot? I thought this was the firmed up bailout week? If things get out of hand today, i'm sure they will trot it out. MBIA Sees Added Material Mark-To-Mkt Losses For January >MBI Last update: 2/29/2008 6:57:59 AM (MORE TO FOLLOW) Dow Jones Newswires February 29, 2008 06:57 ET (11:57 GMT) Link to comment Share on other sites More sharing options...
laz_the_hun Posted February 29, 2008 Report Share Posted February 29, 2008 emea currencies not looking good eurisk, eurtry, eurhuf, eurron, bond mkts in freefall 647791[/snapback] ok i mean CEE, Iceland, Turkey, hope I was not very much misleading, of course middle east is a different story. Link to comment Share on other sites More sharing options...
fxfox Posted February 29, 2008 Report Share Posted February 29, 2008 DAX right now sitting at the 50 fibo of 6385-7080 (Jan23-Feb19). If that one goes this afternoon... Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.