Crocodile
- 25 Nov 2003 21:50
Premarket Futures |
FTSE +2 |
DAX +3 |
DOW -4 |
S&P +0.7 |
Nasdaq +1.5 |
News: |
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The major US indexes closed little changed despite a
late-session attempt at a rally, as investors played it cautious following
the morning's upbeat economic reports and ahead of the next session's spate
of economic news. the Dow Jones finished up 16.15 , S&P up 1.81 and the
Nasdaq down 4.10.
The FTSE is forecast to open little changed but the day
before Thanksgiving is often volatile with a 100 point plus move on the
markets. We also have a raft of US economic reports to get through.
British Land The UK's
second-biggest property firm posted a slight rise in first half net asset
value on Wednesday and said it saw encouraging signs for the central London
property market. Net asset value (NAV) on an adjusted diluted basis, a key
performance gauge for property firms, rose 1.2 percent to 870 pence per
share with analysts forecasts of between 840-890p. The firm also boosted its
interim dividend by eight percent to 4.43 pence per share.
Carlton Communications reported a 68 percent rise in
annual profits on Wednesday and said the current quarter had started well.
Profit was 60 million pounds and compares with 36 million pounds last year.
They announced a second interim dividend of two pence per share, giving a
total of 4p for the year. It said it expected its share of total ITV net
advertising revenue to be up one percent in the current quarter.
Granada reported annual
pre-tax profits at the top of market forecasts on Wednesday and raised its
cost-savings target from its proposed merger with Carlton. It was now
targeting cost savings of 100 million pounds and It reported profit of 179
million pounds for the year with analysts forecasts of 134-179 million
pounds.
Lonmin: the world's third largest platinum miner
reported a 12 percent fall in year pre-tax profit to $291 million from $332
million, above consensus forecast of $281 million hit by a strong South
African rand, and said its current trading was satisfactory.
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Calendar:
United Kingdom |
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United States
(GMT) |
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Europe & World (GMT |
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British
Land (I) PBT 83.7m exp.
Carlton Communications (F) PBT 66m exp.
Granada (F) PBT 155.3m exp. Lonmin (F) EBITDA 334 exp.
Avocet Mining (I), Connaught (F), Countryside Properties (F), Nord Anglia
Education (F), Paragon Group (F), Speedy Hire (I)
09.30 3rd Quarter Revised GDP q/q
0.6%
09.30 Index of Distribution 3m y/y Anglo Irish Bank (Q3)
11.00 Queens Speech Outlining Government Agenda
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13.30 Oct Personal Income 0.4%
exp.
13.30 Oct Personal Spending flat exp.
13.30 Oct Durable Goods Orders 0.5% exp.
13.30 Initial Jobless Claims (w/e 21/11) 360k exp.
14.50 Nov Final Michigan Sentiment 94.0 exp.
15.00 Oct New Home Sales 1138k exp.
15.00 Nov Chicago PMI 57.0 exp.
15.00 Oct Help Wanted Index 38.0 exp.
19.00 Fed Beige Book |
Hanover Re (Q3), Ahold (Q3) |
Ex Dividend:
Amec (3.6), Brixton (3.95), Brown Group (1.74), Detica Group (1.8), Euromoney
Institute (9.75), Geest (8), Great Portland Estates (3.5), HSBC Holdings (US$
0.12), J Sainsbury (4.33), Mice Group (0.5), Mucklow A&J (6.03), Natioanl Grid
Transco (7.91), Next (11), Safeway (3.05), Vodafone (0.954), Westbury (4.45) |
stockbunny
- 26 Nov 2003 15:25
- 16 of 37
81p a share - that's good going- Wanna Swop??? (lol)
Melnibone
- 26 Nov 2003 15:26
- 17 of 37
As I hoped for, as posted last night.
FTSE running true to form, up to the top of the trend channel
and down again. :-)
How far down do we go?
My crystal ball's fogged up.
Anyone else got a view?
Melnibone
Melnibone
- 26 Nov 2003 15:41
- 20 of 37
S@P and DOW have filled the gap open and seem to
be trying to hold.
If the S@p goes down a few more points it will hit
support.
The news was good so the rot may stop here.
With a bit of luck this may be near the bottom of the
day for the FTSE.
Melnibone
Melnibone
- 26 Nov 2003 16:06
- 21 of 37
Right, we've got the few points drop on the S@P,
so this is where it needs to hold.(Circa 1050 )
If it starts to push through to 1048 it's tin hat time.
Melnibone.
zarif
- 26 Nov 2003 16:08
- 22 of 37
I hope it holds. melnibone as have got some longs open atm on dow.
stockbunny
- 26 Nov 2003 16:10
- 23 of 37
Melnibone
Just ran over the tea-rooms for you and brought you back
a cuppa sounds like a nervous afternoon you're having!
Melnibone
- 26 Nov 2003 16:16
- 24 of 37
Cheers stockbunny!
Just what I need.;-)
Melnibone
Melnibone
- 26 Nov 2003 16:19
- 25 of 37
Hi zarif,
For what's worth I've got 9720 as important for the DOW.
Good luck with your longs.
Melnibone.
zarif
- 26 Nov 2003 16:23
- 26 of 37
Thanks and i think we will share the "iron nerve" tea with stockbunny.
rgds
zarif
Melnibone
- 26 Nov 2003 16:24
- 27 of 37
Looks like everything is holding.
If the US climbs after the FTSE closes we could
have a positive day tomorrow.
Melnibone
stockbunny
- 26 Nov 2003 16:27
- 28 of 37
Volumes high on GAA and LLOY - maybe short-term punts or
longer-term holders buying in....
zarif
- 26 Nov 2003 16:36
- 29 of 37
New York subway, 5 treated for unknown substance....
Melnibone
- 26 Nov 2003 16:36
- 30 of 37
Reports coming in of people being treated for
unknown substance attack in New York subway.
Market's dropping on the news. If they don't hold
here they are in trouble.
Melnibone.
Melnibone
- 26 Nov 2003 16:41
- 31 of 37
Dollar weakness is continuing to negate the
good economic news.
Gold back up towards $400.
These are certainly interesting times for trading!
Melnibone.
Melnibone
- 26 Nov 2003 16:46
- 32 of 37
That's it for me.
I sometimes do some after hours FTSE trading,
but not today. I've had enough of this!
Melnibone
zarif
- 26 Nov 2003 17:18
- 34 of 37
http://news.bbc.co.uk/1/hi/world/americas/3241144.stm
littlewoman i hope it does as can realise my longs-bit too quick on the trigger today-should have waited. Surprising thing is that u would think they would rocket with good news and finish for TG on a high-but they dont think like us.
rgds
zarif
Melnibone
- 26 Nov 2003 18:17
- 35 of 37
Ah, that feels better. Nothing as good as a nice meal
of roast pork and stuffing to make all well with the world again.
Well apart from a quick spike lower it looks like my
1050 S@P and DOW 9720 levels are going to hold.
What we want is a nice positive finish to set the
tone for tomorrows FTSE trading, as well as being a happy
outcome for zarif's longs of course :-)
I wonder if we'll ever get a nice correction so that we can
open some tasty longs for a Christmas rally. The way it's
going at the moment the best we're likely to get is the 4280/4300
area.
Perhaps Santa will give us an early present.
Melnibone.