Crocodile
- 04 Dec 2003 21:57
Premarket Futures |
FTSE +3 |
DAX +13 |
DOW -6 |
S&P -3 |
Nasdaq -9 |
News: |
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US stocks moved higher in late-session trading leaving the
Dow up 57 at 9930 the S&P up 4.99 and the Nasdaq up 8.55
EasyJet said it carried 1.7 million passengers in
November, up 14.6 percent on the same month last year and said its passenger
loadings in November were 81.5 percent, up from 80.5 percent.
P&O said trading for 2003 was still in line with
comments made at the time of its third quarter trading update.
News will be posted at approx 7:35am
Berkeley Group property posted a 3.5 percent rise in
interim profits, above estimates, and said the property market continued to
be uncertain, especially in the southeast. Profits were 116.8 million pounds
with Analysts estimates between 100-115.5 million pounds.
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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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Arla Foods (I), Berkeley Group (I), Bristol
Water Holdings (I)
Associated British Foods (AGM),
P&O Trading Statement,
EasyJet Nov Traffic Figures
French Connection Split Expected
Ex Date. Terms are 5 shares for 1
RegUS Rights Issues. Terms are 1 share for every 3 @ 28p
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13.30 Nov Non-Farm Payrolls 150k
exp.
15.00 Oct Factory Orders 2.2% exp.
20.00 Oct Consumer Credit $5.0bn exp. |
11.00 Oct German Preliminary
Industrial Production m/m 1.3% exp. |
ajren
- 05 Dec 2003 15:33
- 26 of 35
Mining costs are getting cheaper ref gold threads China,etc
The dollar/gold are always linked in times of global uncertainity/war/terrorism
It is virtually infinite - probably for the next 500 years:supply/demand
rgds aj
Melnibone
- 05 Dec 2003 15:55
- 27 of 35
I agree that gold is turned to in times of uncertainty,
I said so when I said that it would be used as an alternative
investment.
But I still do not believe that the price is always inversely
proportional to the Dollar.
I still say though, that the Dollar will depreciate, this
means if you are correct, and I'm not saying that you are not,
that the price of Gold will rise.
I don't really follow Gold so I would need to see a comparison
chart of the strength of the Dollar ref a basket of currencies
against the price of Gold.
I'm not sure how I got involved in this Gold discussion, but the
points you raise are interesting.
Melnibone.
Melnibone
- 05 Dec 2003 16:20
- 28 of 35
Looks like stockbunny is going to be correct.
A fizzle-out sort of day.
Not worth buying anything with the weekend coming up
and 4.5 Hrs worth of trading to go on the US markets
after the FTSE close.
US markets could go anywhere, so it would be a pure
guess to take a new position now.
Melnibone.
stockbunny
- 05 Dec 2003 16:25
- 29 of 35
Doesn't look like it knows which direction it wants to go in
(directed to FTSE)although the losses on banks are not looking
quite so big but still unfortunately big enough...
stockbunny
- 05 Dec 2003 16:26
- 30 of 35
wow steady..I've got three patches of blue on the screen now...
LOL
zarif
- 05 Dec 2003 16:28
- 31 of 35
Eur/USD Eur just hit a high at 1.2167. My long from yesterday is certainly very healthy. Have moved the stps tight as is still in an uptrend.
The dow is like a headless chicken (sorry about the analogy).I think some more results out at 3pm EST.
rgds
zarif
Melnibone
- 05 Dec 2003 16:33
- 32 of 35
Looks like I was right to sell my LGEN again yesterday.
For some reason it seems to be diverging from the FTSE
as can be seen above.
It's following the FTSE on the down moves but not rising
up as much on the FTSE up moves.
I think that I need to watch for the divergence to finish
before buying again, but only if I think that the FTSE is
going to rise.
Melnibone
ajren
- 05 Dec 2003 17:37
- 33 of 35
Hi Melnibone,
We agree the dollar will depreciate.I think we are merely looking at it from
different viewpoints/reasons/timing.rgds aj
ajren
- 05 Dec 2003 18:32
- 34 of 35
S and P = 1,065 -4.63 : 10 yr 4.24 per cent - 0.133
DJIA = 9,884-45.99
NASDAQ = 1,948 - 20.19
rgds aj
Melnibone
- 05 Dec 2003 19:17
- 35 of 35
Just thought I'd have a quick look before settling
down for the evening.
Dow/S@P seem to be fighting to stay above 9850/1060.
If it stays like this or goes lower there's a chance we
may visit FTSE 4300 on Monday.
If we still trust the trend this will present some good
buying opportunities.
Depends on whether we still trust the trend.;-)
See you all Monday if not sooner.
Melnibone.