IDS World Markets Wed 21st October 09
322 replies to this topic
Posted 20 October 2009 - 07:27 PM
The market dipping into the red. All Ords -0.3% with Gold down the most, -1% followed by Materials and Miners -0.9%. Telecomms has the biggest gain, +1% in company with Energy +0.4% and Consumer Discretionary +0.1%.
Posted 20 October 2009 - 09:19 PM
by Lee Adler, Tuesday, October 20, 2009, in Professional Edition, Today's Markets | Permalink |Comments (0) Edit Cycle based stock screening data weakened across the board on Tuesday. Monday’s weakness in these numbers turned out to be a precursor to a broader down day. Tuesday’s weakening is even more pronounced. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.
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Posted 20 October 2009 - 10:40 PM
"Evil Hedge Fund: I just sold a million shares of Bear Stearns. Here, hold this shitload of money for me.
Prime Broker: Awesome! Where did you borrow the shares from?
Evil Hedge Fund: Oh, from Corrupt Broker. You know, Vinnie.
Prime Broker: Oh, OK. Is he sure he can find those shares? Because, you know, there are rules.
Evil Hedge Fund: Oh, yeah. You know Vinnie. He's good for it.
Prime Broker: Sweet!"
PARTY! NORTH KOREA! SATURDAY NIGHT! BYOF (bring your own food)
Posted 21 October 2009 - 01:29 AM
Another nowhere day. All Ords closed down a smidge, -0.1% with little movement in the sectors apart from Telecomms which managed a reasonable +1.8%. On the downside REITS and Gold level-pegged at -0.8% with Consumer Staples next at -0.5%.
Flat in Asia: China and India +0.1%, Honkers and Nikkers -0.1%. *yawn*
On to UK/Europe:
Posted 21 October 2009 - 01:40 AM
Some economic trivia:
CommSec iPod index: Australia slips eight places
Back in November 2008 Australia rocketed to top spot in the CommSec iPod index. That is, it was the cheapest place to buy an [Apple] 8gb iPod nano. But that prominent position simply reflected the sharp slump in the Aussie dollar against the greenback, reducing the US dollar price of the iPod.
Despite strong appreciation of the Aussie dollar, the local price hasn't changed, meaning iPods have become more expensive is US dollar terms. Australians could save as much as $20 by buying their iPods on websites in the US or Hong Kong or on holidays in those countries.
Cheapest ($US): US $149.00, Hong Kong $150.68
Most expensive($US): Argentina $336.43, Brazil $333.56
Posted 21 October 2009 - 02:51 AM
well well well, they try to pump up the markets with E mini fut hitting 1090 and eurusd 1.4945. Is this the pump up?
Jail, not bail!
Posted 21 October 2009 - 03:06 AM
Deutsche Bank Third-Quarter Net Income Beat anal cyst Estimate
Oct. 21 (Bloomberg) -- Deutsche Bank AG said it expects third-quarter net profit of about 1.4 billion euros. An anal cyst estimate called for third-quarter net of 811 million euros.
Jail, not bail!
Posted 21 October 2009 - 03:11 AM
Latvia to Devalue Next Year, RBC, Barclays Say (Update1)
Oct. 21 (Bloomberg) -- Latvia is poised to devalue its currency at least 15 percent by the end of 2010 to boost exports and cut the budget gap as the economy contracts at the fastest pace in more than a decade, RBC Capital Markets and Barclays Capital say.
U.K. Financial Bonuses May Soar 50 Percent in 2009, CEBR Says
Oct. 21 (Bloomberg) -- Bonuses for financial services employees may rise by 50 percent to 6 billion pounds ($9.9 billion) this year as profit at U.K. banks, brokerages and hedge funds rebounds, according to a Centre for Economics & Business Research Ltd. report.
Peugeot Sales Decline Slows in Third Quarter on State Subsidies
Oct. 21 (Bloomberg) -- PSA Peugeot Citroen, Europe’s second-biggest carmaker, reported a slower decline in revenue for the third quarter as government-backed incentives helped to prop up European demand.
Sales dropped 7.7 percent to 11.8 billion euros ($17.7 billion) from a year earlier, the Paris-based company said today in a statement. Peugeot Citroen’s European market share rose to 13.4 percent from 12.9 percent as its smaller cars benefited from the sales subsidies.
Jail, not bail!
Posted 21 October 2009 - 03:44 AM
today \ tomorrow should be up. A little long could be fine, but at friday (late thursday) I switch to short
Jail, not bail!
Posted 21 October 2009 - 04:10 AM
Here is a 5min EURGBP chart I was trading from yesterday. Non-random entry points at the 900d - trader effect.
Posted 21 October 2009 - 04:33 AM
RBA Signals Tolerance of Currency Gains, Rate Rises
Oct. 21 (Bloomberg) -- Australia’s central bank signaled it’s prepared to keep raising borrowing costs and tolerate further appreciation in the nation’s currency to help restrain consumer prices as economic growth strengthens.
A “very expansionary setting of policy was no longer necessary, and possibly imprudent,” officials said in minutes of an Oct. 6 meeting, released yesterday in Sydney. Gains in the nation’s dollar, the best-performing this month of the 16 most- traded currencies, “may help contain inflation,” they said.
The minutes drove Australia’s currency above 93 U.S. cents yesterday, the highest level in 14 months, as investors bet Reserve Bank Governor Glenn Stevens will boost the overnight cash rate target next month. Stevens unexpectedly raised the benchmark a quarter point to 3.25 percent this month, becoming the first Group of 20 central banker to increase borrowing costs.
New Zealand Immigration Accelerates to Five-Year High
Oct. 21 (Bloomberg) -- New Zealand’s annual immigration growth accelerated to a five-year high in September, adding to signs consumer spending and demand for housing may speed the economy’s recovery from a recession.
The number of permanent migrant arrivals exceeded departures by 17,043 in the year ended Sept. 30, Statistics New Zealand said in a report released today in Wellington. That’s up from 15,642 in the 12 months through August and is the most since the period ended September 2004.
Reserve Bank Governor Alan Bollard last month said a recovery in immigration is bolstering spending and housing demand, which will underpin economic growth next year. Economists say the pace of the recovery may prompt the central bank to raise interest rates earlier than Bollard has predicted.
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