Crocodile
- 14 Dec 2003 13:53
Premarket Futures |
FTSE +55 |
DAX +80 |
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US Futures roar ahead on news of Saddam capture
Safeway, Morrison agrees a new three billion pound bid
for rival Safeway to challenge for third position in the supermarket sector.
This works out at 283p a share.
Aggreko which rents out power generators, said its second
half performance had been as expected and it anticipated its full year
performance would meet forecasts. The company also announced further
reorganisation and restructuring of its European and North American
businesses.
Psion said on Monday it expected group financial
results for 2003 to be in line with management's expectations.The firm said
it was generating cash and its net cash position at the end of November
stood at 16.6 million pounds after paying 17.4 million to purchase
additional shares in Symbian.
George Wimpey The UK's biggest housebuilder said on
Monday it expected group results for 2003 at the top end of market
expectations, as it continued to ride a housing market boom in the UK. "We
will enter 2004 with healthy order books although the US market is expected
to be weaker in 2004
Inchcape said it expected profits for the year to be
slightly ahead of current market consensus of 127.7 million pounds
Lloyds TSB The UK's fifth-biggest bank, said on Monday
that full-year trading would be in line with analysts' forecasts. The bank's
asset quality remains good, Lloyds said in a statement.
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Aggreko (Trading
Statement)
Inchcape (Trading Statement)
George Wimpey (Trading Statement)
LloydsTSB (Trading Statement)AWG PLC return of capital, 40 redeemable shares for 1
ordinary share held, ex date
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Oracle,
13.30 Dec NY Fed Manufacturing,
41.01% prev.
18.00 Dec NAHB Housing Market Index, 69.0% prev.
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Melnibone
- 15 Dec 2003 08:20
- 14 of 61
Hi little woman,
I'm talking about the US for end of year closing
and tax losses, where the US
markets go then the UK will follow.
When we are talking finance then I'm afraid that
the UK is just one of the States of the USA.
Melnibone.
Melnibone
- 15 Dec 2003 08:24
- 15 of 61
Everything seems to have opened up too high.
Who is going to buy at a premium for a short
lived sentiment bounce?
Volume doesn't seem to be overly high to me,
and we don't seem to want to go above 4400.
I still think that people are waiting to sell,
not buy.
Melnibone.
Melnibone
- 15 Dec 2003 08:49
- 18 of 61
Hi little woman,
I hope I'm not coming across as a pessimist here,
I'm not trying to argue with you, just putting
my view across.:-)
I agree, it is irksome to just follow another country
like a little lapdog, but we must face facts.
Our GDP isn't in the same league as the USA.
Doesn't California on its own come somewhere near
our financial status? Don't quote me on it, but I
think that it is one of the world's biggest economies
in it's own right and as it is just one state then
where does the UK stand in relation to the USA as a whole?
We've got to remember that we're talking money, not
politics and national pride.
I agree that it is annoying, but we have to accept it
and make our financial decisions on that basis.
Melnibone.
Melnibone
- 15 Dec 2003 09:09
- 20 of 61
:-) Thanks for the reply little woman.
Stay positive, life is far more important than boring
old money.
I bet LLOY is bringing a smile to your face this morning.:-))
Melnibone.
Melnibone
- 15 Dec 2003 09:30
- 22 of 61
If you take a rough figure as 4 points on the FTSE
for every 1 point on the S@P, then the FTSE is now
on par with the S@P future which is around 1086.
Where we go now will depend on whether the US takes
the considerable gap open as profits, or pushes on
in a Saddam euphoria, ignoring the fact that the economics,
(low interest rates, falling dollar, increasing negative
balance of payments), haven't actually changed.
Edit: Doh! just had to edit this post. I was thinking of
the 10 point rise on the S@P and put 10 points rise for the
FTSE for 1 point rise on the S@P.
Should of course be 4 points rise on the FTSE for 1 on the S@P.
Teach me to wake up and engage brain before posting.
Melnibone.
Melnibone
- 15 Dec 2003 09:39
- 24 of 61
Bleeding typical!
MKS and MTN dropping on a good day and the one's
I've been following down, SBRY, waiting to buy
at the bottom of the trend channel are going back
up!
Don't you just love these markets.
Melnibone.
Melnibone
- 15 Dec 2003 10:46
- 27 of 61
Is it my connection or has this site suddenly slowed down?
It's just took me 25 minutes to get back and edit an earlier
post where I put the wrong figure in, (4 points rise on the
FTSE for every one on the S@P instead of the 10 points that
I put).
Melnibone.
Melnibone
- 15 Dec 2003 11:53
- 28 of 61
I've been posting so much negativity here I thought
I'd redress the balance and find a positive spin for
a change.
The S@P has been bumping up against the 1074 technical
resistance level.
This Saddam bounce has took it 10 points above that, so
with some luck on the Bulls side, this level may now
act as support when it drops back to test it.
This will limit the FTSE in how far it drops if the above
scenario plays out. Haven't got a crystal ball so I'll
wait and see the outcome with you all.
Time to get some stuff done, see you all when the US opens.
All to play for, depends what the US does, as usual.
Melnibone.
ThePlayboy
- 15 Dec 2003 12:24
- 30 of 61
Testex-sorry for late reply have been out xmas shopping more stressfull than mkt! You may be right that may have been a minor correction, but really mkt has gone up in a straight line without any major corrections! I think they may seel the dow later in the day, no real euphoria here, just the people chasing the gap up as usual and panicing when the longs close, no real dip buyers atm either, just catching up on the mkt now!