Dow 6=+2
Nasdaq -2=-1
S&P 500 +2=+1
Ftse -21=-1
Nikkei -257=-1
Futures -3=-1
Market Sentiment -1
Monday, December 31, 2007
Friday, December 28, 2007
Market Sentiment
Dow -192=-4
Nasdaq -48=-2
S&P 500 -21=-2
Ftse 19=+1
Nikkei -89=-1
Futures -81=-1
Market Sentiment -9
U.S. stocks dropped on Thursday as
an assassination in Pakistan sparked fears of global unrest, while an
analyst warning of larger mortgage-related write-offs pressured
financial shares.
Nasdaq -48=-2
S&P 500 -21=-2
Ftse 19=+1
Nikkei -89=-1
Futures -81=-1
Market Sentiment -9
U.S. stocks dropped on Thursday as
an assassination in Pakistan sparked fears of global unrest, while an
analyst warning of larger mortgage-related write-offs pressured
financial shares.
Thursday, December 27, 2007
Market Sentiment
Dow 99=+4
Nasdaq 22=+2
S&P 500 12=+2
Ftse 45=+1
Nikkei 29=+1
Futures n/a
Market Sentiment +10
Nasdaq 22=+2
S&P 500 12=+2
Ftse 45=+1
Nikkei 29=+1
Futures n/a
Market Sentiment +10
Monday, December 24, 2007
Market Sentiment
Dow 205=+4
Nasdaq 51=+2
S&P 500 24=+2
Ftse 89=+1
Nikkei 225=+1
Futures 44=+1
Market Sentiment +11
Nasdaq 51=+2
S&P 500 24=+2
Ftse 89=+1
Nikkei 225=+1
Futures 44=+1
Market Sentiment +11
Friday, December 21, 2007
Market Sentiment
Dow 2=+2
Nasdaq 40=+2
S&P 500 7=+1
Ftse 61=+1
Nikkei 1=+1
Futures 13=+1
Market Sentiment +8
THE Australian sharemarket closed in the red yesterday for the seventh consecutive session as cautious investors remained sidelined over concerns about the global credit outlook.
Nasdaq 40=+2
S&P 500 7=+1
Ftse 61=+1
Nikkei 1=+1
Futures 13=+1
Market Sentiment +8
THE Australian sharemarket closed in the red yesterday for the seventh consecutive session as cautious investors remained sidelined over concerns about the global credit outlook.
Thursday, December 20, 2007
Market Sentiment
Dow -25=-2
Nasdaq 5=+1
S&P 500 -2=-1
Ftse 5=+1
Nikkei -177=-1
Futures -22=-1
Market Sentiment -3
Nasdaq 5=+1
S&P 500 -2=-1
Ftse 5=+1
Nikkei -177=-1
Futures -22=-1
Market Sentiment -3
Wednesday, December 19, 2007
Market Sentiment
Dow 65=+4
Nasdaq 22=+1
S&P 500 9=+1
Ftse 2=+1
Nikkei -42=-1
Futures 29=+1
Market Sentiment 7
Nasdaq 22=+1
S&P 500 9=+1
Ftse 2=+1
Nikkei -42=-1
Futures 29=+1
Market Sentiment 7
Tuesday, December 18, 2007
Market Sentiment
Dow -173=-4
Nasdaq -61=-2
S&P 500 -22=-2
Ftse -119=-1
Nikkei -264=-1
Futures -84=-1
Market Sentiment -11
THE Australian sharemarket plunged 3.5 per cent yesterday after a profit downgrade from Centro Properties Group caused the biggest one-day fall in four months and wiped $53 billion from the value of the bourse.
Nasdaq -61=-2
S&P 500 -22=-2
Ftse -119=-1
Nikkei -264=-1
Futures -84=-1
Market Sentiment -11
THE Australian sharemarket plunged 3.5 per cent yesterday after a profit downgrade from Centro Properties Group caused the biggest one-day fall in four months and wiped $53 billion from the value of the bourse.
Monday, December 17, 2007
Market Sentiment
Dow -178=-4
Nasdaq -33=-2
S&P 500 -20=-2
Ftse 33=+1
Nikkei -22=-1
Futures -58=-1
Market Sentiment -9
The Australian stock market is expected to open lower on Monday after United States markets were pushed down on Friday by higher-than-expected inflation figures.
"I expect the Australian stock market to open well down on Monday, down about 60 points, after significant falls by US markets following the release of higher-than-expected consumer price inflation figures which damped investor expectations for further interest rate cuts early in 2008," MFS Investment Management Ltd chief executive Guy Hutchings said.
Nasdaq -33=-2
S&P 500 -20=-2
Ftse 33=+1
Nikkei -22=-1
Futures -58=-1
Market Sentiment -9
The Australian stock market is expected to open lower on Monday after United States markets were pushed down on Friday by higher-than-expected inflation figures.
"I expect the Australian stock market to open well down on Monday, down about 60 points, after significant falls by US markets following the release of higher-than-expected consumer price inflation figures which damped investor expectations for further interest rate cuts early in 2008," MFS Investment Management Ltd chief executive Guy Hutchings said.
Friday, December 14, 2007
Market Sentiment
Dow 48=+2
Nasdaq -3=-1
S&P 500 2=+1
Ftse -196=-1
Nikkei -396=-1
Futures -2=-1
Market Sentiment -1
Nasdaq -3=-1
S&P 500 2=+1
Ftse -196=-1
Nikkei -396=-1
Futures -2=-1
Market Sentiment -1
Thursday, December 13, 2007
Market Sentiment
Dow 41=+2
Nasdaq 19=+1
S&P 500 9=+1
Ftse 23=+1
Nikkei -112=-1
Futures 4=+1
Market Sentiment 5
Wall Street investors encountered erratic trading, with the Dow 175 points higher at one stage and then falling back to be 60 points in deficit before finishing in front.
It follows yesterday's wipeout of 294 points and the key index rose 41 points.
The S&P 500 added 9 and the Nasdaq Composite 19.
News that the Federal Reserve has taken further steps to ease the credit crunch at one stage looked to be good for the market but then the rot set in the last hour of business.
The Fed has joined with four other major central banks to announce a series of measures designed to inject added cash into global money markets in hopes of thawing a credit freeze that threatens their economies.
Nasdaq 19=+1
S&P 500 9=+1
Ftse 23=+1
Nikkei -112=-1
Futures 4=+1
Market Sentiment 5
Wall Street investors encountered erratic trading, with the Dow 175 points higher at one stage and then falling back to be 60 points in deficit before finishing in front.
It follows yesterday's wipeout of 294 points and the key index rose 41 points.
The S&P 500 added 9 and the Nasdaq Composite 19.
News that the Federal Reserve has taken further steps to ease the credit crunch at one stage looked to be good for the market but then the rot set in the last hour of business.
The Fed has joined with four other major central banks to announce a series of measures designed to inject added cash into global money markets in hopes of thawing a credit freeze that threatens their economies.
Wednesday, December 12, 2007
Market Sentiment
Dow -294=-4
Nasdaq -67=-2
S&P 500 -38=-2
Ftse -29=-1
Nikkei 120=+1
Futures -104=-1
Market Sentiment -9
Nasdaq -67=-2
S&P 500 -38=-2
Ftse -29=-1
Nikkei 120=+1
Futures -104=-1
Market Sentiment -9
Tuesday, December 11, 2007
Market Sentiment
Dow 101=+4
Nasdaq 13=+1
S&P 500 11=+2
Ftse 11=+1
Nikkei -32=-1
Futures 33=+1
Market Sentiment 8
THE Australian sharemarket finished down slightly yesterday in generally quiet trading as investors sat tight ahead of a US Federal Reserve meeting this week.
Nasdaq 13=+1
S&P 500 11=+2
Ftse 11=+1
Nikkei -32=-1
Futures 33=+1
Market Sentiment 8
THE Australian sharemarket finished down slightly yesterday in generally quiet trading as investors sat tight ahead of a US Federal Reserve meeting this week.
Monday, December 10, 2007
Market Sentiment
Dow 6=+2
Nasdaq -3=-1
S&P 500 -3-1
Ftse 69=+1
Nikkei 82=+1
Futures 2=+1
Market Sentiment 3
BANKING majors including Goldman Sachs, UBS and JP Morgan are sniffing around BHP Billiton, speculating that a merger with Rio Tinto might lead BHP to float or sell off its petroleum assets into a separate $80 billion company.
Rio has no petroleum interests and its chief executive Tom Albanese is unimpressed with oil and gas.
Markets are speculating that BHP could combine its Australian petroleum assets with those of Woodside.
With BHP's petroleum operations valued at about $50 billion and Woodside's market capitalisation of more than $30 billion, the combined company, at $80 billion, would be among Australia's largest.
"The majors are just salivating that this could come off," said one Perth-based analyst who asked not to be named.
"It would rank in the top 20 of global oil and gas businesses and give Australia real clout."
In a merged BHP/Rio, the petroleum division would account for only around 10 per cent of the total combined business.
One possibility being discussed is an initial public offering that would have BHP, Woodside and Shell, a 34 per cent shareholder in Woodside, as foundation investors with a proportion of the entity listed on the Australian stock exchange.
Nasdaq -3=-1
S&P 500 -3-1
Ftse 69=+1
Nikkei 82=+1
Futures 2=+1
Market Sentiment 3
BANKING majors including Goldman Sachs, UBS and JP Morgan are sniffing around BHP Billiton, speculating that a merger with Rio Tinto might lead BHP to float or sell off its petroleum assets into a separate $80 billion company.
Rio has no petroleum interests and its chief executive Tom Albanese is unimpressed with oil and gas.
Markets are speculating that BHP could combine its Australian petroleum assets with those of Woodside.
With BHP's petroleum operations valued at about $50 billion and Woodside's market capitalisation of more than $30 billion, the combined company, at $80 billion, would be among Australia's largest.
"The majors are just salivating that this could come off," said one Perth-based analyst who asked not to be named.
"It would rank in the top 20 of global oil and gas businesses and give Australia real clout."
In a merged BHP/Rio, the petroleum division would account for only around 10 per cent of the total combined business.
One possibility being discussed is an initial public offering that would have BHP, Woodside and Shell, a 34 per cent shareholder in Woodside, as foundation investors with a proportion of the entity listed on the Australian stock exchange.
Friday, December 7, 2007
Thursday, December 6, 2007
Wednesday, December 5, 2007
Market Sentiment
Dow -64=-4
Nas -17=-1
S&P -10=-1
Ftse -71=-1
Nik -149=-1
Futures -27=-1
Market Sentiment -9
AFTER a day of fluctuations - down 30 points, up five - the sharemarket finished just about square for the second day in a row, except yesterday it closed slightly lower , dragged down by the two big miners.
Nas -17=-1
S&P -10=-1
Ftse -71=-1
Nik -149=-1
Futures -27=-1
Market Sentiment -9
AFTER a day of fluctuations - down 30 points, up five - the sharemarket finished just about square for the second day in a row, except yesterday it closed slightly lower , dragged down by the two big miners.
Tuesday, December 4, 2007
Market Sentiment
Dow -57=-4
Nas -23=-1
S&P -9=-1
Ftse -46=-1
Nik -52=-1
Futures -20=-1
Market Sentiment -9
Nas -23=-1
S&P -9=-1
Ftse -46=-1
Nik -52=-1
Futures -20=-1
Market Sentiment -9
Monday, December 3, 2007
Market Sentiment
Dow 60=+4
Nas -7=-1
S&P 11=+1
Ftse 83=+1
Nik 167=+1
Futures -7=-1
Market Sentiment +5
THE Australian stockmarket is expected to open flat today, with little direction from Wall Street as US investors grapple with the probability of another interest rate cut.
Nas -7=-1
S&P 11=+1
Ftse 83=+1
Nik 167=+1
Futures -7=-1
Market Sentiment +5
THE Australian stockmarket is expected to open flat today, with little direction from Wall Street as US investors grapple with the probability of another interest rate cut.
Friday, November 30, 2007
Market Sentiment
Dow 27=+2
Nas 4=+1
S&P 1=+1
Ftse 43=+1
Nik 360=+1
Futures 22=+1
Market Sentiment +7
THE Australian sharemarket closed in positive territory yesterday following a strong overnight lead from Wall Street and renewed optimism in local banking stocks.
A manager at ABN Amro Morgans, Tony Russell, said the local market performed well yesterday following a recovery on Wall Street overnight.
"A strong day on the back of very strong indicators coming out of Wall Street.
"People still see a lot of volatility in the market … it's up one day and down the next."
Mr Russell said there was some profit taking in the banking sector yesterday.
"We are seeing some bargain hunting coming in there with the banks, except for the National Australia Bank, which is a bit weaker on the back of their acquisition in the US."
Nas 4=+1
S&P 1=+1
Ftse 43=+1
Nik 360=+1
Futures 22=+1
Market Sentiment +7
THE Australian sharemarket closed in positive territory yesterday following a strong overnight lead from Wall Street and renewed optimism in local banking stocks.
A manager at ABN Amro Morgans, Tony Russell, said the local market performed well yesterday following a recovery on Wall Street overnight.
"A strong day on the back of very strong indicators coming out of Wall Street.
"People still see a lot of volatility in the market … it's up one day and down the next."
Mr Russell said there was some profit taking in the banking sector yesterday.
"We are seeing some bargain hunting coming in there with the banks, except for the National Australia Bank, which is a bit weaker on the back of their acquisition in the US."
Thursday, November 29, 2007
Market Sentiment
Dow 331=+4
Nas 82=+2
S&P 41=+2
Ftse 166=+1
Nik -69=-1
Futures 128=+1
Market Sentiment +9
Nas 82=+2
S&P 41=+2
Ftse 166=+1
Nik -69=-1
Futures 128=+1
Market Sentiment +9
Tuesday, November 27, 2007
Market Sentiment
Dow -237=-4
Nas -56=-2
S&P -33=-2
Ftse -82=-1
Nik +246=+1
Futures -116=-1
Market Sentiment -9
Nas -56=-2
S&P -33=-2
Ftse -82=-1
Nik +246=+1
Futures -116=-1
Market Sentiment -9
Friday, November 23, 2007
Market Sentiment
Dow holiday
Nas holiday
S&P holiday
Ftse 84=+1
Nik 51=+1
Futures -6=-1
Market Sentiment +1
STOCKS dropped for a third day, sending the benchmark index to the lowest in almost 10 weeks led by BHP Billiton and Woodside Petroleum after metals prices declined and oil fell from a record.
ANZ and Babcock & Brown led financial stocks lower after US markets slid on fears that subprime mortgage losses would keep flowing.
"The US market was down on people's increasing concerns at the chance of a recession and that doesn't help commodity prices," said Steven Marsh, of Trust Co in Sydney. "People saying there's going to be a recession in the US are on top and it's reflecting on our banks."
Nas holiday
S&P holiday
Ftse 84=+1
Nik 51=+1
Futures -6=-1
Market Sentiment +1
STOCKS dropped for a third day, sending the benchmark index to the lowest in almost 10 weeks led by BHP Billiton and Woodside Petroleum after metals prices declined and oil fell from a record.
ANZ and Babcock & Brown led financial stocks lower after US markets slid on fears that subprime mortgage losses would keep flowing.
"The US market was down on people's increasing concerns at the chance of a recession and that doesn't help commodity prices," said Steven Marsh, of Trust Co in Sydney. "People saying there's going to be a recession in the US are on top and it's reflecting on our banks."
Thursday, November 22, 2007
Market Sentiment
Dow -211=-4
Nas -35=-2
S&P -23=-2
Ftse -156=-1
Nik -374=-1
Futures -60=-1
Market Sentiment -11
HUGE spike in global inflation generated by China and India could lead to 1970s-style hyperinflation in Australia, one of the country's largest asset managers, Queensland Investment Corporation, has warned.
The analysis by QIC chief executive Doug McTaggart charts a path to spiralling inflation, huge economic consequences and plummeting sharemarkets with central banks unable to do much about it.
Nas -35=-2
S&P -23=-2
Ftse -156=-1
Nik -374=-1
Futures -60=-1
Market Sentiment -11
HUGE spike in global inflation generated by China and India could lead to 1970s-style hyperinflation in Australia, one of the country's largest asset managers, Queensland Investment Corporation, has warned.
The analysis by QIC chief executive Doug McTaggart charts a path to spiralling inflation, huge economic consequences and plummeting sharemarkets with central banks unable to do much about it.
Wednesday, November 21, 2007
Tuesday, November 20, 2007
Market Sentiment
Dow -218=-4
Nas -44=-2
S&P -25=-2
Ftse -170=-1
Nik -113=-1
Futures -111=-1
Market Sentiment -11
In New York the Dow and S&P 500 closed at their lowest levels in three months on Monday after a broker downgrade of Citigroup sparked concerns that more mortgage losses may lie ahead, compounding doubts about the outlook for the economy. Goldman Sachs cut Citigroup to "sell" and said the bank may have to write off $15 billion over the next two quarters as mortgage losses reduce earnings.
Nas -44=-2
S&P -25=-2
Ftse -170=-1
Nik -113=-1
Futures -111=-1
Market Sentiment -11
In New York the Dow and S&P 500 closed at their lowest levels in three months on Monday after a broker downgrade of Citigroup sparked concerns that more mortgage losses may lie ahead, compounding doubts about the outlook for the economy. Goldman Sachs cut Citigroup to "sell" and said the bank may have to write off $15 billion over the next two quarters as mortgage losses reduce earnings.
Monday, November 19, 2007
Market Sentiment
Dow 67=+4
Nas 19=+1
S&P 8=+1
Ftse -68=-1
Nik -242=-1
Futures 43=+1
Market Sentiment 5
Companies are pumping record sums into aggressive oil and gas and minerals exploration programs to continue Western Australia’s phenomenal resources boom.
Resources Minister Francis Logan said figures showed WA’s exploration expenditure rose by 39 per cent to $839.2 million in 2006/07, accounting for nearly half of Australia’s total
Nas 19=+1
S&P 8=+1
Ftse -68=-1
Nik -242=-1
Futures 43=+1
Market Sentiment 5
Companies are pumping record sums into aggressive oil and gas and minerals exploration programs to continue Western Australia’s phenomenal resources boom.
Resources Minister Francis Logan said figures showed WA’s exploration expenditure rose by 39 per cent to $839.2 million in 2006/07, accounting for nearly half of Australia’s total
Thursday, November 15, 2007
Market Sentiment
Dow -88=-4
Nas -30=-2
S&P -12=-1
Ftse 70=+1
Nik 373=+1
Futures -12=-1
Market Sentiment -6
Shares went for bit of a gallop yesterday, the indices closing more than 1 per cent higher, boosted by a strong run in financials for a second day, while a rally on Wall Street eased fears the subprime fallout had a lot longer to run
Nas -30=-2
S&P -12=-1
Ftse 70=+1
Nik 373=+1
Futures -12=-1
Market Sentiment -6
Shares went for bit of a gallop yesterday, the indices closing more than 1 per cent higher, boosted by a strong run in financials for a second day, while a rally on Wall Street eased fears the subprime fallout had a lot longer to run
Tuesday, November 13, 2007
Market Sentiment
Dow -55=-4
Nas -44=-2
S&P -15=-2
Ftse 33=+1
Nik -386=-1
Futures -38=-1
Market Sentiment -9
US ECONOMIC concerns are chipping away at investor confidence, sending the sharemarket lower and dramatically halting the dollar's upward march.
In four days the dollar has tumbled from a 23-year high of US94¢, to just over US89¢.
Yesterday renewed angst over the US subprime mortgage market sparked a 1.4 per cent fall on the Australian sharemarket.
Nas -44=-2
S&P -15=-2
Ftse 33=+1
Nik -386=-1
Futures -38=-1
Market Sentiment -9
US ECONOMIC concerns are chipping away at investor confidence, sending the sharemarket lower and dramatically halting the dollar's upward march.
In four days the dollar has tumbled from a 23-year high of US94¢, to just over US89¢.
Yesterday renewed angst over the US subprime mortgage market sparked a 1.4 per cent fall on the Australian sharemarket.
Monday, November 12, 2007
Market Sentiment
Dow -224=-4
Nas -68=-2
S&P -21=-2
Ftse -77=-1
Nik -188=-1
Futures -78=-1
Market Sentiment -11
Nas -68=-2
S&P -21=-2
Ftse -77=-1
Nik -188=-1
Futures -78=-1
Market Sentiment -11
Friday, November 9, 2007
Market Sentiment
Dow -51=-4
Nas -58=-2
S&P 2=+1
Ftse -3=-1
Nik -325=-1
Futures 47=+1
Market Sentiment -6
BHP Billiton Ltd., the world's biggest mining company, plans to pursue a takeover of Rio Tinto Group after an earlier approach was rejected, in what would be the largest acquisition in history.
A purchase of Rio, which has a market value of $159 billion, would create a company that controls more than a third of the iron-ore market, supplies the most energy coal and copper, and owns mines and oilfields in six continents. Rio, the third-largest miner behind Anglo American Plc, surged 21 percent in London trading.
Nas -58=-2
S&P 2=+1
Ftse -3=-1
Nik -325=-1
Futures 47=+1
Market Sentiment -6
BHP Billiton Ltd., the world's biggest mining company, plans to pursue a takeover of Rio Tinto Group after an earlier approach was rejected, in what would be the largest acquisition in history.
A purchase of Rio, which has a market value of $159 billion, would create a company that controls more than a third of the iron-ore market, supplies the most energy coal and copper, and owns mines and oilfields in six continents. Rio, the third-largest miner behind Anglo American Plc, surged 21 percent in London trading.
Thursday, November 8, 2007
Market Sentiment
Dow -368=-4
Nas -77=-2
S&P -45=-2
Ftse 38=+1
Nik -120=-1
Futures -138=-1
Market Sentiment - 9
WALL ST TUMBLES AS OIL HITS $98 BARRELSydney - Thursday - November 8: (RWE Aust Business News) -
US investors have taken another bath, losing heavily on the Dow as the oil price briefly reached $98 barrel and the ailing greenback posted another low on the euro.
Oil prices did show signs of stalling in their climb toward $100 a barrel after data showed oil inventories fell less than expected last week.
China showed more signs of stress from oil's price surge.
Nas -77=-2
S&P -45=-2
Ftse 38=+1
Nik -120=-1
Futures -138=-1
Market Sentiment - 9
WALL ST TUMBLES AS OIL HITS $98 BARRELSydney - Thursday - November 8: (RWE Aust Business News) -
US investors have taken another bath, losing heavily on the Dow as the oil price briefly reached $98 barrel and the ailing greenback posted another low on the euro.
Oil prices did show signs of stalling in their climb toward $100 a barrel after data showed oil inventories fell less than expected last week.
China showed more signs of stress from oil's price surge.
Wednesday, November 7, 2007
Tuesday, November 6, 2007
Market Sentiment
Dow -52=-4
Nas -15=-1
S&P -7=-1
Ftse -69=-1
Nik -155=-1
Futures 13=1
Market Sentiment -7
WHEN the nine members of the Reserve Bank board sit down this morning for their most scrutinised meeting for years, it will not just be millions of Australians who will feel the pinch if they increase interest rates - more than half the board have significant mortgages.
Rarely has so much attention been on one meeting; if the board decides, as most economists predict, that interest rates will go up, it will be the first time an increase has been decided during an election campaign. This group of nine, with our fate in their hands, is not one that shies away from debt. Mortgage records show they have taken out close to $12million in home mortgages between them.
Nas -15=-1
S&P -7=-1
Ftse -69=-1
Nik -155=-1
Futures 13=1
Market Sentiment -7
WHEN the nine members of the Reserve Bank board sit down this morning for their most scrutinised meeting for years, it will not just be millions of Australians who will feel the pinch if they increase interest rates - more than half the board have significant mortgages.
Rarely has so much attention been on one meeting; if the board decides, as most economists predict, that interest rates will go up, it will be the first time an increase has been decided during an election campaign. This group of nine, with our fate in their hands, is not one that shies away from debt. Mortgage records show they have taken out close to $12million in home mortgages between them.
Monday, November 5, 2007
Market Sentiment
Dow 27=+2
Nas 16=+1
S&P 1= +1
Ftse -56=-1
Nik -353=-1
Futures 25=1
Market Sentiment 3
THE possibility of an interest rate rise smack in the middle of a federal election campaign and a momentous vote on the future of Australia's second biggest retailer will dominate investors' attention this week.
Both decisions are likely to occur against a backdrop of heightened global alert and possible sharemarket volatility caused by fears that the worst of the global liquidity crisis is yet to come. After plunging 2 per cent on Friday, the Australian sharemarket is expected to start the week on a more positive note as stronger-than-expected jobs data in the US cooled fears of a recession in the world's biggest economy. A related modest rise on Wall Street on Friday will push the local bourse about 20 points higher at Monday's opening, says MFS chief executive Guy Hutchings.
Nas 16=+1
S&P 1= +1
Ftse -56=-1
Nik -353=-1
Futures 25=1
Market Sentiment 3
THE possibility of an interest rate rise smack in the middle of a federal election campaign and a momentous vote on the future of Australia's second biggest retailer will dominate investors' attention this week.
Both decisions are likely to occur against a backdrop of heightened global alert and possible sharemarket volatility caused by fears that the worst of the global liquidity crisis is yet to come. After plunging 2 per cent on Friday, the Australian sharemarket is expected to start the week on a more positive note as stronger-than-expected jobs data in the US cooled fears of a recession in the world's biggest economy. A related modest rise on Wall Street on Friday will push the local bourse about 20 points higher at Monday's opening, says MFS chief executive Guy Hutchings.
Friday, November 2, 2007
Market Sentiment
Dow -362=-4
Nas -64=-2
S&P -41= -2
Ftse -135=-1
Nik 133=+1
Futures -109=-1
Market Sentiment -9
The Dow industrials, a day after rallying on an interest rate cut by the Federal Reserve, suffered one of its biggest declines of the year on Thursday after a Citigroup downgrade reminded Wall Street that the crisis plaguing the credit crisis markets is lingering.
Nas -64=-2
S&P -41= -2
Ftse -135=-1
Nik 133=+1
Futures -109=-1
Market Sentiment -9
The Dow industrials, a day after rallying on an interest rate cut by the Federal Reserve, suffered one of its biggest declines of the year on Thursday after a Citigroup downgrade reminded Wall Street that the crisis plaguing the credit crisis markets is lingering.
Thursday, November 1, 2007
Market Sentiment
Dow 138=+4
Nas 42=+2
S&P 18= +2
Ftse 63=+1
Nik 87=+1
Futures 35=+1
Market Sentiment 11
U.S. stocks rose on trade overnight, wth all three major indexes up more than 1%, sharply rebounding from an initial decline following the Federal Reserve's cut in interest rates by 25 basis points, as expected. Earlier, rate-sensitive shares of financial companies, including JPMorgan Chase and Goldman Sachs, had advanced, with the S&P financial index up 1.1%. On the Nasdaq, shares of Web search company Google Inc climbed to a record $704.79 before trading at $701.02. Government data showed gross domestic product expanded at an annual rate of 3.9% in the third quarter its fastest rate since the beginning of 2006. Commentry from the fed on economic growth and stability, leaving the way open for possible further rate cuts.
Nas 42=+2
S&P 18= +2
Ftse 63=+1
Nik 87=+1
Futures 35=+1
Market Sentiment 11
U.S. stocks rose on trade overnight, wth all three major indexes up more than 1%, sharply rebounding from an initial decline following the Federal Reserve's cut in interest rates by 25 basis points, as expected. Earlier, rate-sensitive shares of financial companies, including JPMorgan Chase and Goldman Sachs, had advanced, with the S&P financial index up 1.1%. On the Nasdaq, shares of Web search company Google Inc climbed to a record $704.79 before trading at $701.02. Government data showed gross domestic product expanded at an annual rate of 3.9% in the third quarter its fastest rate since the beginning of 2006. Commentry from the fed on economic growth and stability, leaving the way open for possible further rate cuts.
Wednesday, October 31, 2007
Market Sentiment
Dow -78= -4
Nas -1= -1
S&P -10= -1
Ftse -47=-1
Nik -44=-1
Futures -27= -1
Market Sentiment - 9
Nas -1= -1
S&P -10= -1
Ftse -47=-1
Nik -44=-1
Futures -27= -1
Market Sentiment - 9
Tuesday, October 30, 2007
Market Sentiment
Dow 84= +4
Nas 11= +1
S&P 5= +1
Ftse 45=+1
Nik 192=+1
Futures 18= +1
Market Sentiment 9
A SOARING Australian dollar, an expanding sharemarket and an unprecedented oil price are vying for centre stage in investors' minds.
Investors, who are betting that the Reserve Bank will next week raise interest rates, have propelled the dollar past US92¢, its highest in more than 23 years.
The sharemarket is also booming, notching up a record close of 6792.1 points, as measured by the benchmark S&P/ASX 200 Index.
And oil futures have hopscotched to a record high of $US93.20 a barrel, helped by the weak US dollar.
Nas 11= +1
S&P 5= +1
Ftse 45=+1
Nik 192=+1
Futures 18= +1
Market Sentiment 9
A SOARING Australian dollar, an expanding sharemarket and an unprecedented oil price are vying for centre stage in investors' minds.
Investors, who are betting that the Reserve Bank will next week raise interest rates, have propelled the dollar past US92¢, its highest in more than 23 years.
The sharemarket is also booming, notching up a record close of 6792.1 points, as measured by the benchmark S&P/ASX 200 Index.
And oil futures have hopscotched to a record high of $US93.20 a barrel, helped by the weak US dollar.
Monday, October 29, 2007
Market Sentiment
Dow 135= +4
Nas 53= +2
S&P 21= +2
Ftse 85=+1
Nik 221=+1
Futures 58= +1
Market Sentiment 11
THE Australian sharemarket is predicted to begin trading almost 50 points higher today after a strong finish by stocks in New York on Friday, which was partly triggered by investors anticipating a US interest rate cut this week.
A market commentator with MFS Group, Guy Hutchings, said a further rate cut by the US Federal Reserve was predicted in response to the grim state of the housing market and seemingly deteriorating business sentiment.
"I expect the Australian stockmarket to open well ahead today, up about 50 points following a solid performance on Wall Street and European markets."
However, Mr Hutchings said an early market rally could later be deflated, with the prospect of the Reserve Bank lifting interest rates next month, dampening Australian investors' spirits.
Nas 53= +2
S&P 21= +2
Ftse 85=+1
Nik 221=+1
Futures 58= +1
Market Sentiment 11
THE Australian sharemarket is predicted to begin trading almost 50 points higher today after a strong finish by stocks in New York on Friday, which was partly triggered by investors anticipating a US interest rate cut this week.
A market commentator with MFS Group, Guy Hutchings, said a further rate cut by the US Federal Reserve was predicted in response to the grim state of the housing market and seemingly deteriorating business sentiment.
"I expect the Australian stockmarket to open well ahead today, up about 50 points following a solid performance on Wall Street and European markets."
However, Mr Hutchings said an early market rally could later be deflated, with the prospect of the Reserve Bank lifting interest rates next month, dampening Australian investors' spirits.
Thursday, October 25, 2007
Market Sentiment
Dow -1= -2
Nas -25= -1
S&P -4= -1
Ftse -32= -1
Nik -92=-1
Futures 32= +1
Market Sentiment -5
HOME owners - and John Howard - are bracing for the sixth successive interest rate rise since the last federal election after underlying inflation slammed to the top of the Reserve Bank's target band of 2 to 3 per cent.
A predicted decision on Melbourne Cup day for a 0.25 percentage point increase, only weeks before the election, would boost the average home loan rate above 8.5 per cent for the first time since November 1996.
Nas -25= -1
S&P -4= -1
Ftse -32= -1
Nik -92=-1
Futures 32= +1
Market Sentiment -5
HOME owners - and John Howard - are bracing for the sixth successive interest rate rise since the last federal election after underlying inflation slammed to the top of the Reserve Bank's target band of 2 to 3 per cent.
A predicted decision on Melbourne Cup day for a 0.25 percentage point increase, only weeks before the election, would boost the average home loan rate above 8.5 per cent for the first time since November 1996.
Wednesday, October 24, 2007
Market Sentiment
Dow 109= +4
Nas 45= +2
S&P 13= +2
Ftse 55= +1
Nik 12=+1
Futures 2= +1
Market Sentiment 11
ECONOMISTS are warning that the No. 1 "success disease" of the Australian economy — skills shortages and associated wages pressure — could soon fuel inflation, as both sides of politics brace for the most keenly awaited price figures in years.
As financial markets increased predictions of an election campaign interest rate rise, a survey of economists by BusinessDay found a broad consensus that wage pressures are likely to re-emerge as a threat to inflation, stoked by the lowest unemployment for decades and booming economic growth.
Nas 45= +2
S&P 13= +2
Ftse 55= +1
Nik 12=+1
Futures 2= +1
Market Sentiment 11
ECONOMISTS are warning that the No. 1 "success disease" of the Australian economy — skills shortages and associated wages pressure — could soon fuel inflation, as both sides of politics brace for the most keenly awaited price figures in years.
As financial markets increased predictions of an election campaign interest rate rise, a survey of economists by BusinessDay found a broad consensus that wage pressures are likely to re-emerge as a threat to inflation, stoked by the lowest unemployment for decades and booming economic growth.
Tuesday, October 23, 2007
Market Sentiment
Dow 45= +4
Nas 29= +1
S&P 6= +1
Ftse -69= -1
Nik -376= -1
Futures -66= -1
Market Sentiment 1
Nas 29= +1
S&P 6= +1
Ftse -69= -1
Nik -376= -1
Futures -66= -1
Market Sentiment 1
Monday, October 22, 2007
Market Sentiment
Dow -367= -4
Nas -74= -2
S&P -39= -2
Ftse -82= -1
Nik -294= -1
Futures -155= -1
Market Sentiment -11
Nas -74= -2
S&P -39= -2
Ftse -82= -1
Nik -294= -1
Futures -155= -1
Market Sentiment -11
Thursday, October 11, 2007
Wednesday, October 10, 2007
Market Sentiment
Dow 121=+4
Nas 17= +1
S&P 13= +1
Ftse +75=+1
Nik 94=+1
Futures 51= +1
Market Sentiment 9
AS I AM ON HOLIDAYS FOR A WEEK THE UPDATES MAY BE SPASMODIC
BUT WILL DO MY BEST TO KEEP YOU INFORMED
Nas 17= +1
S&P 13= +1
Ftse +75=+1
Nik 94=+1
Futures 51= +1
Market Sentiment 9
AS I AM ON HOLIDAYS FOR A WEEK THE UPDATES MAY BE SPASMODIC
BUT WILL DO MY BEST TO KEEP YOU INFORMED
Tuesday, October 9, 2007
Market Sentiment
Dow -22=-2
Nas 7=+1
S&P -5=-1
Ftse -55=-1
Nik -27=-1
Futures 4= +1
Market Sentiment -3
THE sharemarket hit another record close after stronger-than-expected US employment data on Friday calmed concerns over slowing growth in the world's biggest economy, and higher metal prices boosted local resources stocks.
Nas 7=+1
S&P -5=-1
Ftse -55=-1
Nik -27=-1
Futures 4= +1
Market Sentiment -3
THE sharemarket hit another record close after stronger-than-expected US employment data on Friday calmed concerns over slowing growth in the world's biggest economy, and higher metal prices boosted local resources stocks.
Monday, October 8, 2007
Market Sentiment
Dow 92= +4
Nas 47= +2
S&P 15= +2
Ftse 48= +1
Nik -27= -1
Futures 60= +1
Market Sentiment 9
THE Australian stock market is expected to open stronger today, after solid monthly jobs data in the US boosted stocks on Wall Street on Friday.
"I expect the Australian share market to open strongly … up about 50 to 60 points, following record-breaking performances on Wall Street and European markets, as investors responded to solid US employment growth data and indications that a resilient US economy continues to resist the pull of a housing-induced recession," MFS Investment Management chief executive Guy Hutchings said.
Nas 47= +2
S&P 15= +2
Ftse 48= +1
Nik -27= -1
Futures 60= +1
Market Sentiment 9
THE Australian stock market is expected to open stronger today, after solid monthly jobs data in the US boosted stocks on Wall Street on Friday.
"I expect the Australian share market to open strongly … up about 50 to 60 points, following record-breaking performances on Wall Street and European markets, as investors responded to solid US employment growth data and indications that a resilient US economy continues to resist the pull of a housing-induced recession," MFS Investment Management chief executive Guy Hutchings said.
Friday, October 5, 2007
Market Sentiment
Dow 6= +2
Nas 4= +1
S&P 3= +1
Ftse 13=+1
Nik -107=-1
Futures 30= +1
Market Sentiment 5
AUSTRALIAN investors will soon be able to directly access a range of stocks and sectors across global markets through just one trade.
Investment manager Barclays Global Investors has unveiled a new range of exchange-traded funds, known as iShares, that will list on the Australian Securities Exchange.
Although the stock will trade like a normal share, it will give local investors direct access to companies of varying caps in the US, Europe, Japan and the Middle East.
"We really think of it as a way of bringing international markets here to the Australian market and listing them on the ASX," Barclays Global Investors chief executive Morry Waked said yesterday.
"Effectively, Australians can now trade via a single share with exposures to international equity markets."
Nas 4= +1
S&P 3= +1
Ftse 13=+1
Nik -107=-1
Futures 30= +1
Market Sentiment 5
AUSTRALIAN investors will soon be able to directly access a range of stocks and sectors across global markets through just one trade.
Investment manager Barclays Global Investors has unveiled a new range of exchange-traded funds, known as iShares, that will list on the Australian Securities Exchange.
Although the stock will trade like a normal share, it will give local investors direct access to companies of varying caps in the US, Europe, Japan and the Middle East.
"We really think of it as a way of bringing international markets here to the Australian market and listing them on the ASX," Barclays Global Investors chief executive Morry Waked said yesterday.
"Effectively, Australians can now trade via a single share with exposures to international equity markets."
Thursday, October 4, 2007
Market Sentiment
Dow -79= -4
Nas -18= -1
S&P -7= -1
Ftse 35= +1
Nik 153= +1
Futures -38= -1
Market Sentiment -5
THE national trade deficit swelled to a worse-than-expected $1.6 billion in August, as a surge in the import bill added to the negative effect on exports of the high Australian dollar.
Nas -18= -1
S&P -7= -1
Ftse 35= +1
Nik 153= +1
Futures -38= -1
Market Sentiment -5
THE national trade deficit swelled to a worse-than-expected $1.6 billion in August, as a surge in the import bill added to the negative effect on exports of the high Australian dollar.
Wednesday, October 3, 2007
Market Sentiment
Dow -40= -2
Nas 6= +1
S&P -1= -1
Ftse -6= -1
Nik 201= +1
Futures -8= -1
Market Sentiment -3
Nas 6= +1
S&P -1= -1
Ftse -6= -1
Nik 201= +1
Futures -8= -1
Market Sentiment -3
Tuesday, October 2, 2007
Market Sentiment
Dow 192=+4
Nas 39=+2
S&P +20=+2
Ftse 39=+1
Nik 60=+1
Futures -2=-1
Market Sentiment 9
THE Reserve Bank is expected to leave rates unchanged when it meets today but may yet push them higher during the election campaign.
The continued likelihood of a near-term lift in rates coincides with the Australian dollar hitting an 18-year peak of US89.26¢ yesterday, and analysts see it passing US90¢ before the end of the month.
On a different note it may also be prudent to be aware that October is reporting month in the US
Nas 39=+2
S&P +20=+2
Ftse 39=+1
Nik 60=+1
Futures -2=-1
Market Sentiment 9
THE Reserve Bank is expected to leave rates unchanged when it meets today but may yet push them higher during the election campaign.
The continued likelihood of a near-term lift in rates coincides with the Australian dollar hitting an 18-year peak of US89.26¢ yesterday, and analysts see it passing US90¢ before the end of the month.
On a different note it may also be prudent to be aware that October is reporting month in the US
Monday, October 1, 2007
Market Sentiment
Dow -17=-2
Nas -8=-1
S&P -5=-1
Ftse -19=-1
Nik -47=-1
Futures 19=+1
Market Sentiment -5
THE Reserve Bank of Australia board meets tomorrow in Sydney to decide on official interest rates against a backdrop of the Australian dollar being having run up on Friday to US88.88c, its highest level in 23 years, before dropping back to close in New York on Friday at US88.15c.
Nas -8=-1
S&P -5=-1
Ftse -19=-1
Nik -47=-1
Futures 19=+1
Market Sentiment -5
THE Reserve Bank of Australia board meets tomorrow in Sydney to decide on official interest rates against a backdrop of the Australian dollar being having run up on Friday to US88.88c, its highest level in 23 years, before dropping back to close in New York on Friday at US88.15c.
Friday, September 28, 2007
Market Sentiment
Dow 35=2
Nas 11=1
S&P 6=1
Ftse 53=1
Nik 396=1
Futures 19=1
Market Sentiment 7
THE Australian dollar is consolidating as a plaything of choice for international investors, with the currency poised to overtake the Swiss franc as the world's fifth-most heavily traded.
An international survey of currency markets - with the Reserve Bank tallying the numbers at our end - shows a 110 per cent rise in turnover on the Australian dollar between 2004 and last April.
Nas 11=1
S&P 6=1
Ftse 53=1
Nik 396=1
Futures 19=1
Market Sentiment 7
THE Australian dollar is consolidating as a plaything of choice for international investors, with the currency poised to overtake the Swiss franc as the world's fifth-most heavily traded.
An international survey of currency markets - with the Reserve Bank tallying the numbers at our end - shows a 110 per cent rise in turnover on the Australian dollar between 2004 and last April.
Thursday, September 27, 2007
Market Sentiment
Dow 100=4
Nas 16=1
S&P 8=1
Ftse 36=1
Nik 34=1
Futures 42=1
Market Sentiment 9
THE stockmarket comeback paused yesterday, as the big miners settled a lit bit below their recent record highs.
The ASX 200 index finished 1.6 points lower at 6481.4 while the All Ordinaries again closed in record territory, adding half a point to close at a 6491.4, eclipsing Tuesday's record of 6490.9.
Traders on the Sydney Futures Exchange caught the caution and the December share price index contract was down 12 at the close of the day at 6547, still well ahead of the physical.
A CMC Markets analyst, David Land, said a strong run from the goldminers and the finance sector managed to counteract some of the negative effect from the big miners.
Nas 16=1
S&P 8=1
Ftse 36=1
Nik 34=1
Futures 42=1
Market Sentiment 9
THE stockmarket comeback paused yesterday, as the big miners settled a lit bit below their recent record highs.
The ASX 200 index finished 1.6 points lower at 6481.4 while the All Ordinaries again closed in record territory, adding half a point to close at a 6491.4, eclipsing Tuesday's record of 6490.9.
Traders on the Sydney Futures Exchange caught the caution and the December share price index contract was down 12 at the close of the day at 6547, still well ahead of the physical.
A CMC Markets analyst, David Land, said a strong run from the goldminers and the finance sector managed to counteract some of the negative effect from the big miners.
Wednesday, September 26, 2007
Market Sentiment
Dow 20= 2
Nas 16= 1
S&P -1=-1
Ftse -69=-1
Nik 89= 1
Futures -41=-1
Market Sentiment 1
THE sharemarket continued its record run yesterday, underpinned by solid gains in the big miners, BHP Billiton and Rio Tinto.
The ASX 200 index finished 31.5 points higher at a record 6483, eclipsing the previous best close of 6451.5, set on Monday.
The All Ordinaries picked up 29.8 to a record 6490.9, beating Monday's high of 6461.1.
Both indices also claimed new intraday records, with the ASX 200 index peaking at 6509.6 and the All Ordinaries hitting 6515.2.
Plenty more where that came from, according to the futures players. The December share price index contract finished the day at 6559, up 57 and 76 more than the physical, on a volume of 22,326 contracts.
Nas 16= 1
S&P -1=-1
Ftse -69=-1
Nik 89= 1
Futures -41=-1
Market Sentiment 1
THE sharemarket continued its record run yesterday, underpinned by solid gains in the big miners, BHP Billiton and Rio Tinto.
The ASX 200 index finished 31.5 points higher at a record 6483, eclipsing the previous best close of 6451.5, set on Monday.
The All Ordinaries picked up 29.8 to a record 6490.9, beating Monday's high of 6461.1.
Both indices also claimed new intraday records, with the ASX 200 index peaking at 6509.6 and the All Ordinaries hitting 6515.2.
Plenty more where that came from, according to the futures players. The December share price index contract finished the day at 6559, up 57 and 76 more than the physical, on a volume of 22,326 contracts.
Tuesday, September 25, 2007
Market Sentiment
Dow -61=-4
Nas -3=-1
S&P -8=-1
Ftse 9=+1
Nik holiday
Futures 8=+1
Market Sentiment -4
AUSTRALIAN shares have returned to record highs after last month's bronco ride, and superannuation funds are back to counting gains.
The S&P/ASX 200 Index, the most-watched index of Australian shares, climbed 1.5 per cent to 6451.5 points yesterday as the price of resource stocks ballooned.
The market raced past its July 24 record close of 6422.3 points, a milestone reached just days before credit troubles in the US hit Australian shares.
But last week's US interest rate cut has helped turn things around, along with higher commodity prices and a slight easing in the credit market gridlock.
Nas -3=-1
S&P -8=-1
Ftse 9=+1
Nik holiday
Futures 8=+1
Market Sentiment -4
AUSTRALIAN shares have returned to record highs after last month's bronco ride, and superannuation funds are back to counting gains.
The S&P/ASX 200 Index, the most-watched index of Australian shares, climbed 1.5 per cent to 6451.5 points yesterday as the price of resource stocks ballooned.
The market raced past its July 24 record close of 6422.3 points, a milestone reached just days before credit troubles in the US hit Australian shares.
But last week's US interest rate cut has helped turn things around, along with higher commodity prices and a slight easing in the credit market gridlock.
Monday, September 24, 2007
Friday, September 21, 2007
Market Sentiment
Dow -49=-1
Nas -12=-1
S&P -10=-1
Ftse -31=-1
Nik 32=+1
Futures -22=-1
Market Sentiment -5
THE sharemarket closed in positive territory yesterday, underpinned by strong gains from resources giants BHP Billiton and Rio Tinto.
The ASX 200 index closed up 37.6 points at 6393.7, while the All Ordinaries had gained 38.9 points to 6400.9.
On the Sydney Futures Exchange, the September share price index contract closed day trading 48 points higher at 6436, a rather hefty premium to the physical of 42 - the contract closes today - on a volume of 10,163 contracts.
CMC Markets dealer Matthew Lewis said solid gains in base metal prices overnight underpinned a positive performance from the materials sector.
"The key driver was the materials stocks, we saw surging base metal prices overnight … this has flowed on to our big metals and mining stocks like Rio and BHP," Mr Lewis said.
"I think we're also still seeing a positive flow-on effect from the Federal Reserve rate cut a couple of nights ago and we're pretty close to the all-time record again."
Nas -12=-1
S&P -10=-1
Ftse -31=-1
Nik 32=+1
Futures -22=-1
Market Sentiment -5
THE sharemarket closed in positive territory yesterday, underpinned by strong gains from resources giants BHP Billiton and Rio Tinto.
The ASX 200 index closed up 37.6 points at 6393.7, while the All Ordinaries had gained 38.9 points to 6400.9.
On the Sydney Futures Exchange, the September share price index contract closed day trading 48 points higher at 6436, a rather hefty premium to the physical of 42 - the contract closes today - on a volume of 10,163 contracts.
CMC Markets dealer Matthew Lewis said solid gains in base metal prices overnight underpinned a positive performance from the materials sector.
"The key driver was the materials stocks, we saw surging base metal prices overnight … this has flowed on to our big metals and mining stocks like Rio and BHP," Mr Lewis said.
"I think we're also still seeing a positive flow-on effect from the Federal Reserve rate cut a couple of nights ago and we're pretty close to the all-time record again."
Thursday, September 20, 2007
Market Sentiment
Dow 76=+4
Nas 15=+2
S&P 9=+1
Ftse 177=+1
Nik 580=+1
Futures 29=+1
Market Sentiment 10
THE market took a big leap forward yesterday, emulating US markets boosted by the cut in interest rates which eased fears that defaults in the US subprime mortgage market and a consequent credit squeeze would spill over into the broader economy.
Most stocks lifted, with the big miners, gold stocks and banks all making solid gains.
ABN Amro Morgans private client adviser, Simon Ferguson, said the rate cut in the US and commentary by the US Federal Reserve on the prospects of further rate cuts had especially helped stocks in the financial sector.
"Those stocks that had been hit hardest earlier in the week - the financials and the banks - are probably the ones that have rallied most," Mr Ferguson said.
"You've got, on top of that, good metals prices."
Mr Ferguson said that although the market had rallied strongly, it was still expected to be volatile for some time as further issues in the US subprime mortgage market emerged in coming moths.
"Today's a good day, but the trend is not there," Mr Ferguson said.
The ASX 200 index closed at its day's high, up 163.6
Nas 15=+2
S&P 9=+1
Ftse 177=+1
Nik 580=+1
Futures 29=+1
Market Sentiment 10
THE market took a big leap forward yesterday, emulating US markets boosted by the cut in interest rates which eased fears that defaults in the US subprime mortgage market and a consequent credit squeeze would spill over into the broader economy.
Most stocks lifted, with the big miners, gold stocks and banks all making solid gains.
ABN Amro Morgans private client adviser, Simon Ferguson, said the rate cut in the US and commentary by the US Federal Reserve on the prospects of further rate cuts had especially helped stocks in the financial sector.
"Those stocks that had been hit hardest earlier in the week - the financials and the banks - are probably the ones that have rallied most," Mr Ferguson said.
"You've got, on top of that, good metals prices."
Mr Ferguson said that although the market had rallied strongly, it was still expected to be volatile for some time as further issues in the US subprime mortgage market emerged in coming moths.
"Today's a good day, but the trend is not there," Mr Ferguson said.
The ASX 200 index closed at its day's high, up 163.6
Wednesday, September 19, 2007
Tuesday, September 18, 2007
Market Sentiment
Dow -39 =-2
Nas -21 =-1
S&P -8 =-1
Ftse -106 =-1
Nik 306 =+1
Futures -5 =-1
Market Sentiment -5
Nas -21 =-1
S&P -8 =-1
Ftse -106 =-1
Nik 306 =+1
Futures -5 =-1
Market Sentiment -5
Monday, September 17, 2007
Friday, September 14, 2007
Thursday, September 13, 2007
Wednesday, September 12, 2007
Tuesday, September 11, 2007
Monday, September 10, 2007
Market Sentiment
Dow -250=-4
Nas -49=-2
S&P -25=-2
Ftse -122=-1
Nik -135=-1
Futures -100=-1
Market Sentiment -11
Nas -49=-2
S&P -25=-2
Ftse -122=-1
Nik -135=-1
Futures -100=-1
Market Sentiment -11
Friday, September 7, 2007
Thursday, September 6, 2007
Market Sentiment
Dow -143 =-4
Nas -24 =-2
S&P -17 =-2
Ftse -106 =-1
Nik -262 =-1
Futures -30 =-1
Market Sentiment -11
Nas -24 =-2
S&P -17 =-2
Ftse -106 =-1
Nik -262 =-1
Futures -30 =-1
Market Sentiment -11
Wednesday, September 5, 2007
Market Sentiment
Dow 91 =+4
Nas 34 =+2
S&P 15 =+2
Ftse 62 =+1
Nik -104 =-1
Futures 86 =+1
Market Sentiment 9
Nas 34 =+2
S&P 15 =+2
Ftse 62 =+1
Nik -104 =-1
Futures 86 =+1
Market Sentiment 9
Tuesday, September 4, 2007
Market Sentiment
Dow holiday
Nas “
S&P “
Ftse 12 =+1
Nik -44 =-1
Futures -9 =-1
Market Sentiment -1 from a possible 3
Nas “
S&P “
Ftse 12 =+1
Nik -44 =-1
Futures -9 =-1
Market Sentiment -1 from a possible 3
Monday, September 3, 2007
Market Sentiment
Dow 119 =+4
Nas 31 =+2
S&P 16 =+2
Ftse 91 =+1
Nik 415 =+1
Futures 14 =+1
Market Sentiment 11
Nas 31 =+2
S&P 16 =+2
Ftse 91 =+1
Nik 415 =+1
Futures 14 =+1
Market Sentiment 11
Friday, August 31, 2007
Market Sentiment
Dow -51 =-4
Nas 2 =+1
S&P -6 =-1
Ftse 80 =+1
Nik 141 =+1
Futures -14 =-1
Market Sentiment -3
Nas 2 =+1
S&P -6 =-1
Ftse 80 =+1
Nik 141 =+1
Futures -14 =-1
Market Sentiment -3
Thursday, August 30, 2007
Market Sentiment
Dow 247 =+4
Nas 63 =+2
S&P 31 =+2
Ftse 30 =+1
Nik -275 =-1
Futures 18 =+1
Market Sentiment 9
Nas 63 =+2
S&P 31 =+2
Ftse 30 =+1
Nik -275 =-1
Futures 18 =+1
Market Sentiment 9
Wednesday, August 29, 2007
Market Sentiment
Dow -280 =-4
Nas -61 =-2
S&P -34 =-2
Ftse -118 =+1
Nik -14 =-1
Futures -126 =-1
Market Sentiment -11
Nas -61 =-2
S&P -34 =-2
Ftse -118 =+1
Nik -14 =-1
Futures -126 =-1
Market Sentiment -11
Tuesday, August 28, 2007
Market Sentiment
Dow -57 =-4
Nas -15 =-1
S&P -13 =-1
Ftse 23 =+1
Nik 54 =+1
Futures -35 =-1
Market Sentiment -5
Nas -15 =-1
S&P -13 =-1
Ftse 23 =+1
Nik 54 =+1
Futures -35 =-1
Market Sentiment -5
Monday, August 27, 2007
Market Sentiment
Dow 143 =+4
Nas 35 =+2
S&P 17 =+2
Ftse 23 =+1
Nik -67 =-1
Futures 97 =+1
Market Sentiment +9
Nas 35 =+2
S&P 17 =+2
Ftse 23 =+1
Nik -67 =-1
Futures 97 =+1
Market Sentiment +9
Friday, August 24, 2007
Market Sentiment
Dow -1 =-2
Nas -11 =-1
S&P -2 =-1
Ftse 1 =+1
Nik 416 =+1
Futures 5 =+1
Market Sentiment = -1
Nas -11 =-1
S&P -2 =-1
Ftse 1 =+1
Nik 416 =+1
Futures 5 =+1
Market Sentiment = -1
Thursday, August 23, 2007
Market Sentiment
Dow 145 = 4
Nas 32 = 2
S&P 17 = 2
Ftse 110 = 1
Nik -1 = -1
Futures 65 = 1
Market Sentiment = +9
Nas 32 = 2
S&P 17 = 2
Ftse 110 = 1
Nik -1 = -1
Futures 65 = 1
Market Sentiment = +9
Wednesday, August 22, 2007
Market Sentiment
Dow -30 = -2
Nas 13 = 1
S&P 2 = 1
Ftse 7 = 1
Nik 169 = 1
Futures -29 = -1
Market Sentiment = +1
Nas 13 = 1
S&P 2 = 1
Ftse 7 = 1
Nik 169 = 1
Futures -29 = -1
Market Sentiment = +1
Tuesday, August 21, 2007
Market Sentiment
Dow 42 = 2
Nas 4 = 1
S&P -1 = -1
Ftse 15 = 1
Nik 459 = 1
Futures 3 = 1
Market Sentiment = +5
Nas 4 = 1
S&P -1 = -1
Ftse 15 = 1
Nik 459 = 1
Futures 3 = 1
Market Sentiment = +5
Monday, August 20, 2007
Market Sentiment
Dow 233 = 4
Nas 54 = 2
S&P 35 = 2
Ftse 205 = 1
Nik -875 = -1
Futures 190 = 1
Market Sentiment = +9
Nas 54 = 2
S&P 35 = 2
Ftse 205 = 1
Nik -875 = -1
Futures 190 = 1
Market Sentiment = +9
Friday, August 17, 2007
Market Sentiment
Dow -16 = -2
Nas -8 = -1
S&P -5 = -1
Ftse -250 = -1
Nik -327 = -1
Futures +10 = +1
Market Sentiment = -5
Nas -8 = -1
S&P -5 = -1
Ftse -250 = -1
Nik -327 = -1
Futures +10 = +1
Market Sentiment = -5
Thursday, August 16, 2007
Market Sentiment
Dow -167 = -4
Nas -40 = -2
S&P -20 = -2
Ftse -34 = -1
Nik -369 = -1
Futures -79 = -1
Market Sentiment = -11
Nas -40 = -2
S&P -20 = -2
Ftse -34 = -1
Nik -369 = -1
Futures -79 = -1
Market Sentiment = -11
Wednesday, August 15, 2007
Market Sentiment
Dow -208 = -4
Nas -43 = -2
S&P -26 = -2
Ftse -76 = -1
Nik +45 = +1
Futures -77 = -1
Market Sentiment = -9
Nas -43 = -2
S&P -26 = -2
Ftse -76 = -1
Nik +45 = +1
Futures -77 = -1
Market Sentiment = -9
Tuesday, August 14, 2007
Market Sentiment
Dow -3 = -2
Nas -3 = -1
S&P -1 = -1
Ftse +181 = +1
Nik +36 = +1
Futures +40 = +1
Market Sentiment = -1
Nas -3 = -1
S&P -1 = -1
Ftse +181 = +1
Nik +36 = +1
Futures +40 = +1
Market Sentiment = -1
Monday, August 13, 2007
Market Sentiment
Dow -31 = -2
Nas -12 = -1
S&P 1 = +1
Ftse -233 = -1
Nik -406 = -1
Futures -3 = -1
Market Sentiment = -5
Nas -12 = -1
S&P 1 = +1
Ftse -233 = -1
Nik -406 = -1
Futures -3 = -1
Market Sentiment = -5
Friday, August 10, 2007
Market Sentiment
Dow -387 = -4
Nas -56 = -2
S&P -44 = -2
Ftse -123 = -1
Nik 141 = +1
Futures -157 = -1
Market Sentiment = -9
Nas -56 = -2
S&P -44 = -2
Ftse -123 = -1
Nik 141 = +1
Futures -157 = -1
Market Sentiment = -9
Thursday, August 9, 2007
Market Sentiment
Dow 154 = +4
Nas 51 = +2
S&P 21 = +2
Ftse 85 = + 1
Nik 107 = + 1
Futures 60 = +1
Market Sentiment = 11 (this is the max positive sentiment)
Following are the codes on Market analyser for some indicies
All Ords .AORDN
ASX200 .AXJO
DOW .DJI
FTSE .FTSE
S&P 500 .GSPC
NASDAQ .IXIC
NIKKEI .N225
Nas 51 = +2
S&P 21 = +2
Ftse 85 = + 1
Nik 107 = + 1
Futures 60 = +1
Market Sentiment = 11 (this is the max positive sentiment)
Following are the codes on Market analyser for some indicies
All Ords .AORDN
ASX200 .AXJO
DOW .DJI
FTSE .FTSE
S&P 500 .GSPC
NASDAQ .IXIC
NIKKEI .N225
Wednesday, August 8, 2007
Market Sentiment
Dow 36 = +2
Nas 14 = +1
S&P 9 = +1
Ftse 102 = + 1
Nik 65 = + 1
Futures 35 = +1
Market Sentiment = 7
Nas 14 = +1
S&P 9 = +1
Ftse 102 = + 1
Nik 65 = + 1
Futures 35 = +1
Market Sentiment = 7
Tuesday, August 7, 2007
Market Sentiment
Dow 287 = +4
Nas 36 = +2
S&P 35 = +2
Ftse -35 = -1
Nik -65 = -1
Futures 102 = +1
Market Sentiment = 7
Nas 36 = +2
S&P 35 = +2
Ftse -35 = -1
Nik -65 = -1
Futures 102 = +1
Market Sentiment = 7
Monday, August 6, 2007
Market Sentiment
Dow -281 = -4
Nas -65 = -2
S&P -39 = -2
Ftse -76 = -1
Nik -4 = -1
ASX Futures -123 = -1
Market Sentiment = -11 (= Maximum -Sentiment)
Nas -65 = -2
S&P -39 = -2
Ftse -76 = -1
Nik -4 = -1
ASX Futures -123 = -1
Market Sentiment = -11 (= Maximum -Sentiment)
Friday, August 3, 2007
Market Sentiment
Dow 100 = +4
Nas 23 = +1
S&P 6 = +1
Ftse 50 = +1
Nik 113 = +1
ASX Futures -3 = -1
Market Sentiment = 7
Nas 23 = +1
S&P 6 = +1
Ftse 50 = +1
Nik 113 = +1
ASX Futures -3 = -1
Market Sentiment = 7
Thursday, August 2, 2007
Market Sentiment
Dow 150 = +4
Nas 8 = +2
S&P 11 = +2
Ftse 110 = -1
Nik -378 = -1
ASX Futures 107 = -1
Market Sentiment = + 5
Nas 8 = +2
S&P 11 = +2
Ftse 110 = -1
Nik -378 = -1
ASX Futures 107 = -1
Market Sentiment = + 5
Wednesday, August 1, 2007
Market Sentiment
Dow -146 = -4
Nas -37 = -2
S&P -19 = -2
Ftse 154 = +1
Nik -40 = -1
ASX Futures -33 = -1
Market Sentiment = -9
Nas -37 = -2
S&P -19 = -2
Ftse 154 = +1
Nik -40 = -1
ASX Futures -33 = -1
Market Sentiment = -9
Tuesday, July 31, 2007
Market Sentiment
Dow 93 = +4
Nas 21 = +1
S&P 15 = +2
Ftse -9 = -1
Nik +5 = +1
ASX Futures +55 = +1
Market Sentiment = +8
Nas 21 = +1
S&P 15 = +2
Ftse -9 = -1
Nik +5 = +1
ASX Futures +55 = +1
Market Sentiment = +8
Monday, July 30, 2007
Market Sentiment
Dow -208 = -4
Nas -37 = -2
S&P -24 = -2
Ftse -36 = -1
Nik -418 = -1
ASX Futures -75 = -1
Market Sentiment = -11
Nas -37 = -2
S&P -24 = -2
Ftse -36 = -1
Nik -418 = -1
ASX Futures -75 = -1
Market Sentiment = -11
Saturday, July 28, 2007
Who Gives Financial Advisors Advice?
For many Mums and Dads, Fund managers (including Super Fund managers) and investors, they seek financial advice on investments from Financial Advisors, large and small.
But who gives advice on investment products to Financial Advisors?? The melt down in the Sub-prime debt products, which has now spread panic across global stock markets, has had many Financial Advisors crying foul.
The Financial Advisors said they relied on research houses giving strong ratings on the products, so the Financial Advisors then sold the products to their clients.
The research houses included some big names such as Standard & Poor's, Morningstar, Lonsec, InvestorWeb Research, to name a few.
So what are the lessons here? If you want a job done.... do it yourself. Do your own research, invest in products that you understand, keep it simple (simple products included) and understand leveraged investment products and instruments.
As for the recent sell off seen in the market, it will bring opportunity to those who do the chart study and research.
But who gives advice on investment products to Financial Advisors?? The melt down in the Sub-prime debt products, which has now spread panic across global stock markets, has had many Financial Advisors crying foul.
The Financial Advisors said they relied on research houses giving strong ratings on the products, so the Financial Advisors then sold the products to their clients.
The research houses included some big names such as Standard & Poor's, Morningstar, Lonsec, InvestorWeb Research, to name a few.
So what are the lessons here? If you want a job done.... do it yourself. Do your own research, invest in products that you understand, keep it simple (simple products included) and understand leveraged investment products and instruments.
As for the recent sell off seen in the market, it will bring opportunity to those who do the chart study and research.
The Sub-prime Story
It was first called a "storm in a teacup", now it has been said "its the tech wreak of 2007. What has sent global markets into a tailspin? What is the Sub-prime story? In a nutshell, it is loans that have been made to US home buyers who normally would not qualify for a loan, hence the name "sub-prime".
These loans are provided by lenders who charge higher interest rates, the loans are then onsold to larger banks, they in turn "bundle" these loans with other products and sell them to fund managers, investment companies (listed and unlisted) and private investors.
Some investors take out margin loans to purchase these debt products, (mmmm use debt to buy someone's debt, great idea... NOT).
The returns to investors/fund managers on these debt products rely on the orginal US homebuyer, who didn't qualify for a loan under normal credit terms, ability to pay back the loan, when they default on the loan, the assets (home) is then sold in a fire sale. Where does the leave the investor/fund managers who purchase the debt product with borrowed funds/margin loans??.... Out of pocket of course.
These loans are provided by lenders who charge higher interest rates, the loans are then onsold to larger banks, they in turn "bundle" these loans with other products and sell them to fund managers, investment companies (listed and unlisted) and private investors.
Some investors take out margin loans to purchase these debt products, (mmmm use debt to buy someone's debt, great idea... NOT).
The returns to investors/fund managers on these debt products rely on the orginal US homebuyer, who didn't qualify for a loan under normal credit terms, ability to pay back the loan, when they default on the loan, the assets (home) is then sold in a fire sale. Where does the leave the investor/fund managers who purchase the debt product with borrowed funds/margin loans??.... Out of pocket of course.
Friday, July 27, 2007
Market Sentiment
Dow -312 = -4
Nas -49 = -2
S&P -35 = -2
Ftse -203 = -1
Nik -156 = -1
ASX Futures -152 = -1
Market Sentiment = -11
Nas -49 = -2
S&P -35 = -2
Ftse -203 = -1
Nik -156 = -1
ASX Futures -152 = -1
Market Sentiment = -11
Thursday, July 26, 2007
Market Sentiment
Dow +68 = +4
Nas +8 = +1
S&P +7 = +1
Ftse -44 = -1
Nik -144 = -1
ASX Futures +14 = +1
Market Sentiment = +5
Nas +8 = +1
S&P +7 = +1
Ftse -44 = -1
Nik -144 = -1
ASX Futures +14 = +1
Market Sentiment = +5
Wednesday, July 25, 2007
Market Sentiment
Dow - 226 = -4
Nas -51 = -2
S&P -31 = -2
Ftse -125 = -1
Nik +38 = +1
ASX Futures -19 = -1
Market Sentiment = -9
Nas -51 = -2
S&P -31 = -2
Ftse -125 = -1
Nik +38 = +1
ASX Futures -19 = -1
Market Sentiment = -9
Tuesday, July 24, 2007
Market Sentiment
Dow 92 = +4
Nas 3 = +1
S&P 7 = +1
Ftse 39 = +1
Nik -194 = -1
ASX Futures 5 = +1
Market Sentiment = +7
Nas 3 = +1
S&P 7 = +1
Ftse 39 = +1
Nik -194 = -1
ASX Futures 5 = +1
Market Sentiment = +7
Monday, July 23, 2007
Market Sentiment
Dow -149 =-4
Nas -32 =-2
S&P -19 =-2
Ftse -55 =-1
Nik +41 =1
ASX Futures -42 =-1
Market Sentiment = -9
Nas -32 =-2
S&P -19 =-2
Ftse -55 =-1
Nik +41 =1
ASX Futures -42 =-1
Market Sentiment = -9
Friday, July 20, 2007
Market Sentiment
Dow +82 =4
Nas +21 =1
S&P +7 =1
Ftse +73 =1
Nik +101 =1
ASX Futures +21 =1
Market Sentiment = +9
Nas +21 =1
S&P +7 =1
Ftse +73 =1
Nik +101 =1
ASX Futures +21 =1
Market Sentiment = +9
Thursday, July 19, 2007
Market Sentiment
Dow -53 =-4
Nas -13 =-1
S&P -3 =-1
Ftse -92 =-1
Nik -202 =-1
ASX Futures +11 =1
Market Sentiment = -7
Nas -13 =-1
S&P -3 =-1
Ftse -92 =-1
Nik -202 =-1
ASX Futures +11 =1
Market Sentiment = -7
Wednesday, July 18, 2007
Market Sentiment
Dow +21 =2
Nas +15 =1
S&P -1 =-1
Ftse -39 =-1
Nik -22 =-1
ASX Futures -12 =-1
Market Sentiment = -1
Nas +15 =1
S&P -1 =-1
Ftse -39 =-1
Nik -22 =-1
ASX Futures -12 =-1
Market Sentiment = -1
Market Sentiment
Dow +21 =2
Nas +15 =1
S&P -1 =-1
Ftse -39 =-1
Nik -22 =-1
ASX Futures -12 =-1
Market Sentiment = -1
Nas +15 =1
S&P -1 =-1
Ftse -39 =-1
Nik -22 =-1
ASX Futures -12 =-1
Market Sentiment = -1
Market Sentiment
Dow +21 =2
Nas +15 =1
S&P -1 =-1
Ftse -39 =-1
Nik -22 =-1
ASX Futures -12 =-1
Market Sentiment = -1
Nas +15 =1
S&P -1 =-1
Ftse -39 =-1
Nik -22 =-1
ASX Futures -12 =-1
Market Sentiment = -1
Tuesday, July 17, 2007
Market Sentiment
Dow +44 =2
Nas -10 =-1
S&P -3 =-1
Ftse -19 =-1
Nik +167 =1
ASX Futures +2 =1
Market Sentiment = +1
Nas -10 =-1
S&P -3 =-1
Ftse -19 =-1
Nik +167 =1
ASX Futures +2 =1
Market Sentiment = +1
Monday, July 16, 2007
Market Sentiment
Dow +46 =2
Nas +5 =1
S&P +5 =1
Ftse +19 =1
Nik +255 =1
ASX Futures +7 =1
Market Sentiment = +7
Nas +5 =1
S&P +5 =1
Ftse +19 =1
Nik +255 =1
ASX Futures +7 =1
Market Sentiment = +7
Friday, July 13, 2007
Market Sentiment
Dow +284 =4
Nas +50 =2
S&P +29 =2
Ftse +83 =1
Nik -65 =-1
ASX Futures +67 =1
Market Sentiment = +9
Nas +50 =2
S&P +29 =2
Ftse +83 =1
Nik -65 =-1
ASX Futures +67 =1
Market Sentiment = +9
Thursday, July 12, 2007
Market Sentiment
Dow +76 =4
Nas +13 =1
S&P +9 =1
Ftse -16 =-1
Nik -203 =-1
ASX Futures +25 =1
Market Sentiment = +5
Nas +13 =1
S&P +9 =1
Ftse -16 =-1
Nik -203 =-1
ASX Futures +25 =1
Market Sentiment = +5
Wednesday, July 11, 2007
Tuesday, July 10, 2007
Saturday, July 7, 2007
Market Sentiment 9/07/2007
Dow +46 =2
Nas +10 =1
S&P +5 =1
Ftse +55 =1
Nik -81 =-1
ASX Futures +41 =1
Market Sentiment = +5
Nas +10 =1
S&P +5 =1
Ftse +55 =1
Nik -81 =-1
ASX Futures +41 =1
Market Sentiment = +5
Friday, July 6, 2007
Market Sentiment
Dow -11 = -2
Nas +12 = 1
S&P +1 = 1
Ftse -38 = -1
Nik 53 = 1
ASX Futures -15 -1
Market Sentiment = -1
Nas +12 = 1
S&P +1 = 1
Ftse -38 = -1
Nik 53 = 1
ASX Futures -15 -1
Market Sentiment = -1
Thursday, July 5, 2007
Market Sentiment
Dow holiday
Nas holiday
S&P holiday
Ftse +33 =1
Nikkei +19 =1
ASX Futures +5 =1
Market Sentiment = +3
Nas holiday
S&P holiday
Ftse +33 =1
Nikkei +19 =1
ASX Futures +5 =1
Market Sentiment = +3
Wednesday, July 4, 2007
Market Sentiment
Dow +42 =2 Nas +13 =1
S&P +5 =1
Ftse +49 =1
Nik +8 =1
ASX Futures -3 =-1
Market Sentiment = +5
S&P +5 =1
Ftse +49 =1
Nik +8 =1
ASX Futures -3 =-1
Market Sentiment = +5
Tuesday, July 3, 2007
Market Sentiment
Dow +127 =4
Nas +29 =1
S&P +16 =2
Ftse -17 =-1
Nik +8 =1
ASX Futures +55 =1
Market Sentiment = +8
Nas +29 =1
S&P +16 =2
Ftse -17 =-1
Nik +8 =1
ASX Futures +55 =1
Market Sentiment = +8
Monday, July 2, 2007
Market Sentiment
Dow -14 =-2
Nas -5 =-1
S&P -2 =-1
Ftse 37 =1
Nik 206 =1
ASX Futures 13 =1
Market Sentiment = -1
Nas -5 =-1
S&P -2 =-1
Ftse 37 =1
Nik 206 =1
ASX Futures 13 =1
Market Sentiment = -1
Sunday, July 1, 2007
Australian Stocks Post Best Performance in 20 Years
With global economies remaining strong, Australian stocks have recorded their best performance in 20 years.
In 12 months the ASX 200 has recorded a 23.7% return, while the all ordinaries saw a 25.2% gain.
The S&P/ASX200 accumulation index, which includes dividend payments, rose 28.4 per cent points, its biggest single year rise since 1987, which saw the S&P/ASX200 accumulation index jump 54 per cent ahead of the worst collapse since the Great Depression of the 1930's.
However unlike 1987, returns in 2006 were driven by steady earnings, in a low interest rate environment, and healthy economic growth.
In 12 months the ASX 200 has recorded a 23.7% return, while the all ordinaries saw a 25.2% gain.
The S&P/ASX200 accumulation index, which includes dividend payments, rose 28.4 per cent points, its biggest single year rise since 1987, which saw the S&P/ASX200 accumulation index jump 54 per cent ahead of the worst collapse since the Great Depression of the 1930's.
However unlike 1987, returns in 2006 were driven by steady earnings, in a low interest rate environment, and healthy economic growth.
Growth Economies
Economies in Asia are to be fully developed within 10 years, according to the head economic advisor with Mastercard, Dr Yuwa Hedrick - Wong.
Australia would be a major winner as increased spending in Asia will provide opportunities to Australian exporters, and especially in the financial services sector.
In India, the economy is expected to double within 10 years, with one of the biggest growth area being in "organised" retail shopping facilities (supermarkets). Currently "organised" shopping facilities make upabout 5% of the market. Energy supply is another growth market.
So while the focus has been China, other markets are following China's lead.
Australia would be a major winner as increased spending in Asia will provide opportunities to Australian exporters, and especially in the financial services sector.
In India, the economy is expected to double within 10 years, with one of the biggest growth area being in "organised" retail shopping facilities (supermarkets). Currently "organised" shopping facilities make upabout 5% of the market. Energy supply is another growth market.
So while the focus has been China, other markets are following China's lead.
Friday, June 29, 2007
Market Sentiment
Dow -5 =-2
Nas +3 = 1
S&P -1 =-1
Ftse +44 = 1
Nik +83 = 1
ASX Futures +24 = 1
Market Sentiment = +1
Nas +3 = 1
S&P -1 =-1
Ftse +44 = 1
Nik +83 = 1
ASX Futures +24 = 1
Market Sentiment = +1
Thursday, June 28, 2007
Market Sentiment
Dow +90 =4
Nas +31 =2
S&P +13 =1
Ftse -32 =-1
Nik -217 =-1
ASX Futures +44 =1
Market Sentiment = +6
Nas +31 =2
S&P +13 =1
Ftse -32 =-1
Nik -217 =-1
ASX Futures +44 =1
Market Sentiment = +6
Wednesday, June 27, 2007
Market Sentiment
Dow -15 = -2
Nas -3 =-1
S&P -5 =-1
Ftse -29 =-1
Nik -21 =-1
ASX Futures -32 =-1
Market Sentiment = -7
Nas -3 =-1
S&P -5 =-1
Ftse -29 =-1
Nik -21 =-1
ASX Futures -32 =-1
Market Sentiment = -7
Tuesday, June 26, 2007
Market Sentiment
Dow -8=-2
Nas 12=-1
S&P -5=-1
Ftse +21= 1
Nik -101=-1
ASX Futures +3= 1
Market Sentiment = -3
Nas 12=-1
S&P -5=-1
Ftse +21= 1
Nik -101=-1
ASX Futures +3= 1
Market Sentiment = -3
Sunday, June 24, 2007
Packer's Game Play
The gaming industry has faced some challeges recently with smoking bans, regulatory changes, and new betting exchanges. The main ASX listed players are TTS, TAH and James Packer's PBL. In less than 18 months after the death of Kerry Packer, his son James has transformed the family business stearing it towards becoming a major global gaming powerhouse with casino purchases in Macau, Canada and Las Vegas.
James Packer's plan may be on a solid growth path. According to a PricewaterhouseCoopers LLP report released this week, global gambling revenue is estimated to hit $144 billion in 2011 after growing at an annually compounded rate of 7.2% a year, driven by new casinos and upgrades of existing casinos in all regions of the world, the report said.
Revenue in the U.S. is expected to grow 6.7% a year to $79.6 billion from $57.5 billion, while in the Asia Pacific region it is forecast to grow 15.7% annually to $30.3 billion from $14.6 billion, becoming the world's second largest casino market.
James Packer's plan may be on a solid growth path. According to a PricewaterhouseCoopers LLP report released this week, global gambling revenue is estimated to hit $144 billion in 2011 after growing at an annually compounded rate of 7.2% a year, driven by new casinos and upgrades of existing casinos in all regions of the world, the report said.
Revenue in the U.S. is expected to grow 6.7% a year to $79.6 billion from $57.5 billion, while in the Asia Pacific region it is forecast to grow 15.7% annually to $30.3 billion from $14.6 billion, becoming the world's second largest casino market.
US Dollar Under Threat From China's Yuan
The US has stepped up its pressure on the People's Bank of China to revalue the yuan yet again. Why is the US concerned about China's currency?
This may be one reason. If the yuan continues to be nudged higher at the rate it has risen over the past year, the US dollar will have fallen 25 per cent by the middle of 2011 and 50 per cent by mid-2019. A 50 per cent fall by the US dollar means the yuan's value would have doubled in US dollar terms, marking a major loss of competitiveness but a major increase in China's purchasing power.
Those who have watched the relationship between the US dollar and the price of Gold, as the US dollar falls, Gold and the Euro have risen, will no doubt take a liking to precious metal.
This may be one reason. If the yuan continues to be nudged higher at the rate it has risen over the past year, the US dollar will have fallen 25 per cent by the middle of 2011 and 50 per cent by mid-2019. A 50 per cent fall by the US dollar means the yuan's value would have doubled in US dollar terms, marking a major loss of competitiveness but a major increase in China's purchasing power.
Those who have watched the relationship between the US dollar and the price of Gold, as the US dollar falls, Gold and the Euro have risen, will no doubt take a liking to precious metal.
Saturday, June 23, 2007
Market Sentiment
Dow -185=-4
Nas -28=-1
S&P -20=-2
Ftse -29=-1
Nik -52=-1
ASX Futures -66=-1
Market Sentiment = -10
Nas -28=-1
S&P -20=-2
Ftse -29=-1
Nik -52=-1
ASX Futures -66=-1
Market Sentiment = -10
Friday, June 22, 2007
Market Sentiment
Dow +56 =4
Nas +17 =1
S&P +9 =1
Ftse -53 =-1
Nik 29 =1
ASX Futures +10 =1
Market Sentiment = +7
Nas +17 =1
S&P +9 =1
Ftse -53 =-1
Nik 29 =1
ASX Futures +10 =1
Market Sentiment = +7
Thursday, June 21, 2007
Market Sentiment
Dow -146 =-4
Nas -27 =-1
S&P -21 =-2
Ftse -1 =-1
Nik 48 =1
ASX Futures -47 =-1
Market Sentiment = -8
Nas -27 =-1
S&P -21 =-2
Ftse -1 =-1
Nik 48 =1
ASX Futures -47 =-1
Market Sentiment = -8
Wednesday, June 20, 2007
Market Sentiment
Dow +22 =2
Nas +1 =1
S&P +3 =1
Ftse -53 =-1
Nik +14 =1
ASX Futures +9 =1
Market Sentiment = +5
Nas +1 =1
S&P +3 =1
Ftse -53 =-1
Nik +14 =1
ASX Futures +9 =1
Market Sentiment = +5
Tuesday, June 19, 2007
Market Sentiment 19/06/2007
Dow -27= -2 Nas -1= -1
S&P -2= -1
Ftse -29= -1
Nik +178= +1
ASX Futures -23= -1
Market Sentiment = -5
S&P -2= -1
Ftse -29= -1
Nik +178= +1
ASX Futures -23= -1
Market Sentiment = -5
Saturday, June 16, 2007
Market Sentiment 18/06/2007
Dow +86 =4
Nas +27 =1
S&P +10 =1
Ftse +83 =1
Nik +129 =1
ASX Futures +40 =1
Market Sentiment = +9
Nas +27 =1
S&P +10 =1
Ftse +83 =1
Nik +129 =1
ASX Futures +40 =1
Market Sentiment = +9
Friday, June 15, 2007
Market Sentiment 15/06/2007
Dow +71 =4
Nas +17 =1
S&P +7 =1
Ftse +90 =1
Nik -110 =1
ASX Futures +30 =1
Market Sentiment = +9
Nas +17 =1
S&P +7 =1
Ftse +90 =1
Nik -110 =1
ASX Futures +30 =1
Market Sentiment = +9
Thursday, June 14, 2007
Market Sentiment 14/06/2007
Dow +187 =4
Nas +33 =2
S&P +23 =2
Ftse +39 =1
Nik -28 =-1
ASX Futures +64 =1
Market Sentiment = +9
Nas +33 =2
S&P +23 =2
Ftse +39 =1
Nik -28 =-1
ASX Futures +64 =1
Market Sentiment = +9
Wednesday, June 13, 2007
Market Sentiment 13/6/2007
Dow -130=-44
Nas -22=-1
S&P -16=-2
Ftse -47=-1
Nik -73=-1
ASX Futures -79=-1
Market Sentiment = -10
Nas -22=-1
S&P -16=-2
Ftse -47=-1
Nik -73=-1
ASX Futures -79=-1
Market Sentiment = -10
Tuesday, June 12, 2007
Market Sentiment 12/06/2007
Dow +1 =2
Nas -1 =1
S&P +1 =1
Ftse +62 =1
Nik +55 =1
ASX Futures +56 =1
Market Sentiment = +5
Nas -1 =1
S&P +1 =1
Ftse +62 =1
Nik +55 =1
ASX Futures +56 =1
Market Sentiment = +5
Monday, June 11, 2007
Market Sentiment 11/6/2007
Dow +158 =4
Nas +32 =2
S&P +17 =2
Ftse +1 =1
Nik -274 =-1
ASX Futures +29 =1
Market Sentiment = +9
Nas +32 =2
S&P +17 =2
Ftse +1 =1
Nik -274 =-1
ASX Futures +29 =1
Market Sentiment = +9
Saturday, June 9, 2007
US Stocks Rebound, Base Metals Slide Admid Inflation Fears
US stocks rebounded Friday finishing up 157 points, its biggest one day gain in 2 months, after heavy falls in previous three sessions racked up losses of 410 points.
US stocks were also helped by falling oil prices.
Comments by Chicago Fed President Michael Moscow gave some insight into the state of the US economy. "economic growth should return to trend levels this year, and with the job market still surprisingly strong the biggest riskis still that inflation will not fall as expected." "I would still like to see inflation lower, for now, though, inflation expectations seem well contained," he said.
In other news the US trade deficit shrank much more than expected in April to $58.5 billion, raising hopes for stronger economic growth
Base metals were hit hard after a selloff on the London Metal Exchange was sparked by fears of a China slowdown.
Some countries are fighting to keep inflation under control, The European Central Bank, the Reserve Bank of New Zealand and South Africa's central bank raised interest rates this week.
US stocks were also helped by falling oil prices.
Comments by Chicago Fed President Michael Moscow gave some insight into the state of the US economy. "economic growth should return to trend levels this year, and with the job market still surprisingly strong the biggest riskis still that inflation will not fall as expected." "I would still like to see inflation lower, for now, though, inflation expectations seem well contained," he said.
In other news the US trade deficit shrank much more than expected in April to $58.5 billion, raising hopes for stronger economic growth
Base metals were hit hard after a selloff on the London Metal Exchange was sparked by fears of a China slowdown.
Some countries are fighting to keep inflation under control, The European Central Bank, the Reserve Bank of New Zealand and South Africa's central bank raised interest rates this week.
Friday, June 8, 2007
Calculating a Stop Loss
A quick calculation that may help protect your capital in the market.
If you trade or invest always use a stop loss.
Calculating a stop loss - loss limit $400
Example: purchased 1000 FXJ at $4.70 Cost $4700
Maximum loss limit $400
$4700 less $400 = $4300 divided by 1000 shares = a stock price of $4.30.
If FXJ's stock price falls to $4.30 your loss limit has been reached.
Your stop loss would go at $4.30 (excludes brokerage costs)
If you trade or invest always use a stop loss.
Calculating a stop loss - loss limit $400
Example: purchased 1000 FXJ at $4.70 Cost $4700
Maximum loss limit $400
$4700 less $400 = $4300 divided by 1000 shares = a stock price of $4.30.
If FXJ's stock price falls to $4.30 your loss limit has been reached.
Your stop loss would go at $4.30 (excludes brokerage costs)
Market Sentiment 08/06/2007
Dow -199 =-4
Nas -46 =-1
S&P -27 =-1
Ftse -18 =-1
Nik +12 =+1
ASX Futures -91 =-1
Market Sentiment = -9
Nas -46 =-1
S&P -27 =-1
Ftse -18 =-1
Nik +12 =+1
ASX Futures -91 =-1
Market Sentiment = -9
Thursday, June 7, 2007
Market Sentiment for 07/06/2007
Dow -130 =-4
Nas -24 =-1
S&P -14 =-1
Ftse -110 =-1
Nik -13 =-1
ASX Futures -77 =-1
Market Sentiment =-9
Nas -24 =-1
S&P -14 =-1
Ftse -110 =-1
Nik -13 =-1
ASX Futures -77 =-1
Market Sentiment =-9
Wednesday, June 6, 2007
Market Sentiment for 06/06/2007
Dow -81 =-4
Nas -7 =-1
S&P -8 =-1
Ftse -31 =-1
Nik +80 =+1
ASX Futures -29 =-1
Market Sentiment = -7
Nas -7 =-1
S&P -8 =-1
Ftse -31 =-1
Nik +80 =+1
ASX Futures -29 =-1
Market Sentiment = -7
Tuesday, June 5, 2007
Market Sentiment for 05/06/2007
Dow +8 =2
Nas +4 =1
S&P +3 =1
Ftse -13 =-1
Nik +15 =1
ASX Futures -1 =-1
Market Sentiment = +3
Nas +4 =1
S&P +3 =1
Ftse -13 =-1
Nik +15 =1
ASX Futures -1 =-1
Market Sentiment = +3
Market Sentiment for 05/06/2007
Dow +8 =2
Nas +4 =1
S&P +3 =1
Ftse -13 =-1
Nik +15 =1
ASX Futures -1 =-1
Market Sentiment = +3
Nas +4 =1
S&P +3 =1
Ftse -13 =-1
Nik +15 =1
ASX Futures -1 =-1
Market Sentiment = +3
Sunday, June 3, 2007
The China Bubble?
The China stockmarket has been the focus of most reports lately, with headlines and comments such as "Stockmarket up 50% for the year", "China stocks trading at 50 price earning ratios (PE)" "The China Equity Bubble".
Hang on.. the PE figures quoted in reports are last years figures, currently Chinese stocks are sitting at forward PEs of about 25 for 2007 full year and expected forward PEs for full year 2008 are 20.
Now compare that to the Australian full year (FY) 07 PE of 17 and forward FY08 of 16, and the US current FY07 of 17 and forward FY08 of 15, the China figures while still higher, hardly suggest a bubble, in a country that has one of the highest savings records in the world and a population of around 1.3 billion.
While we are on popluation figures, this week comments were reported that the China sharemarket saw trading accounts opened top 100 000 million, and the population of China is....?
Last week I heard on the radio, one comment that made sense, "China stocks have recovered 50% of their February falls. Now any chartist or fund manager that has ever heard of Fibonacci retractment numbers and /or W.D.Gann's 50% rule would take note of possible resistance levels.
Hang on.. the PE figures quoted in reports are last years figures, currently Chinese stocks are sitting at forward PEs of about 25 for 2007 full year and expected forward PEs for full year 2008 are 20.
Now compare that to the Australian full year (FY) 07 PE of 17 and forward FY08 of 16, and the US current FY07 of 17 and forward FY08 of 15, the China figures while still higher, hardly suggest a bubble, in a country that has one of the highest savings records in the world and a population of around 1.3 billion.
While we are on popluation figures, this week comments were reported that the China sharemarket saw trading accounts opened top 100 000 million, and the population of China is....?
Last week I heard on the radio, one comment that made sense, "China stocks have recovered 50% of their February falls. Now any chartist or fund manager that has ever heard of Fibonacci retractment numbers and /or W.D.Gann's 50% rule would take note of possible resistance levels.
Saturday, June 2, 2007
Market Sentiment for 04/06/2007
Dow +40 =2
Nas +9 =1
S&P +6 =1
Ftse +55 =1
Nik +83 =1
ASX Futures +3 =1
Market Sentiment = +7
Nas +9 =1
S&P +6 =1
Ftse +55 =1
Nik +83 =1
ASX Futures +3 =1
Market Sentiment = +7
Friday, June 1, 2007
Market Sentiment for 01/06/2007
Dow -5 =-2
Nas +12 =1
S&P +1 =1
Ftse +19 =1
Nik +287 =1
ASX Futures +8 =1
Market Sentiment = +3
Nas +12 =1
S&P +1 =1
Ftse +19 =1
Nik +287 =1
ASX Futures +8 =1
Market Sentiment = +3
Thursday, May 31, 2007
Market Sentiment 31/05/2007
Dow +112 =4
Nas +21 =1
S&P +12 =1
Ftse -4 =-1
Nik -176 =-1
ASX Futures +47 =1
Market Sentiment = +5
Nas +21 =1
S&P +12 =1
Ftse -4 =-1
Nik -176 =-1
ASX Futures +47 =1
Market Sentiment = +5
Wednesday, May 30, 2007
Market Sentiment for 30/05/2007
Dow +14 =2
Nas +15 =1
S&P +2 =1
Ftse +36 =1
Nik +85 =1
ASX Futures -5 =-1
Market Sentiment = 5
Nas +15 =1
S&P +2 =1
Ftse +36 =1
Nik +85 =1
ASX Futures -5 =-1
Market Sentiment = 5
Tuesday, May 29, 2007
Market Sentiment for 29/05/2007
Dow Holiday
Nas Holiday
S&P Holiday
Ftse Holiday
Nik 101 1
ASX Futures -16 = -1
Market Sentiment = 0/2
Expect a day of indecision
Nas Holiday
S&P Holiday
Ftse Holiday
Nik 101 1
ASX Futures -16 = -1
Market Sentiment = 0/2
Expect a day of indecision
Saturday, May 26, 2007
Market Sentiment for 28/5/2007
Dow +66 =4
Nas +19 =1
S&P +8 =1
Ftse +5 =1
Nik -216 =-1
ASX Futures +29 =1
Market Sentiment = +7
Nas +19 =1
S&P +8 =1
Ftse +5 =1
Nik -216 =-1
ASX Futures +29 =1
Market Sentiment = +7
Friday, May 25, 2007
Market Sentiment
•You may have heard the term “When the US coughs Australia catches a cold”.
•As traders we do not like surprises so therefore we develop as many ways as possible to stack the odds in our favour.
•It is essential that you have an indication of what the market is likely to do on the day you trade.
The Daily Market Sentiment is derived from the overnight trading of various overseas indicies and futures.
It shows a plus or minus figure out of a possible maximum of 11 or minimum of 11 where a plus 11 is very strong from a bullish point of view and minus 11 very strong from a bearish point of view.
This information could be to your advantage if you were considering opening a position or adjusting a stop loss position for that day
•As traders we do not like surprises so therefore we develop as many ways as possible to stack the odds in our favour.
•It is essential that you have an indication of what the market is likely to do on the day you trade.
The Daily Market Sentiment is derived from the overnight trading of various overseas indicies and futures.
It shows a plus or minus figure out of a possible maximum of 11 or minimum of 11 where a plus 11 is very strong from a bullish point of view and minus 11 very strong from a bearish point of view.
This information could be to your advantage if you were considering opening a position or adjusting a stop loss position for that day
market sentiment for 25/7
The market sentiment for today is minus 11 .This is the maximum minus sentiment value
Thursday, May 24, 2007
Australian Economic Growth Set To Continue
The Australian economy will continue to grow according to a report release today by the Organisation For Economic Co-operation and Development (OECD).
Inflation pressures may increase with unemployment likely to remain low.
The report also stated that European areas will see growth as well as Japan, China is also forecast to continue strong expansion.
Inflation pressures may increase with unemployment likely to remain low.
The report also stated that European areas will see growth as well as Japan, China is also forecast to continue strong expansion.
May 24 2007 First Post
Hi This is the first post, welcome.
I hope to bring you general comments, views and experiences, that you will find informative or useful as this blog grows.
I am new to this blogging stuff and amazed with the technology that even I can use.
The Australian market is down today following a weak lead from US markets, so I have time to play with this new toy.
ETO option expiry today seems to be creating some "balancing" in big line stocks after good runs.
All for now
I hope to bring you general comments, views and experiences, that you will find informative or useful as this blog grows.
I am new to this blogging stuff and amazed with the technology that even I can use.
The Australian market is down today following a weak lead from US markets, so I have time to play with this new toy.
ETO option expiry today seems to be creating some "balancing" in big line stocks after good runs.
All for now
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