Crocodile
- 07 Dec 2003 12:24
Premarket Futures |
FTSE -11 |
DAX -6 |
DOW -9 |
S&P -2.9 |
Nasdaq -3.5 |
News: |
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The FTSE futures seem rather high considering
the Far East falls and negative US futures, I would not be surprised to see
a 20 point + fall at some time this morning.
Capita Group said it was pleased with its current
trading and expected 2003 results to be in line with expectations. It said
it had won 615 million pounds worth of new work and contract extensions in
2003 and was working on bids worth another 2.4 billion pounds.
MITIE Group which maintains & cleans properties such
as the Houses of Parliament and the London Eye ferris wheel, said it was
confident of a successful year as it posted a rise in first-half profits in
line with expectations. Profit rose 16 percent to 18.5 million pounds on
turnover up 14 percent to 316.3 million pounds.
Alliance & Leicester mortgage bank said its
performance this year was in line with market expectations as it increased
revenue growth.
Canary Wharf The founder said there was no certainty
he would bid for the property company
AstraZeneca said that new data supported the safely
and efficacy of its Exanta treatment for blood clots. The firm said a study
involding 2,303 patients in five countries showed Exanta was more effective
than standard anti-coagulant treatment warfarin, with no significant
difference in bleeding experienced by patients.Ultra Electronics defence and aerospace electronics firm said it was
on course to meet market expectations for its performance in 2003. The firm
said it had continued to trade strongly in the second half of its fiscal
year, with higher sales in airport systems and electronics for armoured
vehicles more than offsetting a slowdown in airborne anti-submarine warfare
products.
Cable & Wireless announce exit route from the US
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United Kingdom |
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United States
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Europe & World (GMT |
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International Greetings (I), Jarvis Hotels (I),
Medisys (F),
Mitie Group (I) PBT ?18.1m exp.
Royal Bank of Scotland Trading
Statement 8:40am
Alliance & Leicester Trading Statement
Capita Trading Statement
Corus. Rights Issue Scheme of Arrangement EX Date. Subscription Price is
23.5p. Terms are 5 for 12.
00.01 Nov BRC Retail Sales Monitor
Europe: SAS Traffic Figures
09.30 Nov PPI Input m/m ?0.2% exp. US: CMGI Inc (Q3)
09.30 Nov PPI Output m/m 0.1% exp.
09.30 Oct Industrial Production m/m 0.4% exp.
09.30 Oct Manufacturing Production m/m 0.4% exp.
09.30 Oct ODPM House Prices y/y
13.30 Nov NIESR GDP Estimate
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Melnibone
- 08 Dec 2003 16:13
- 26 of 31
This sideways stuff is a waste of time.
Unless you've got a firm conviction on where
the US markets will finish, I see no point in
taking any FTSE positions for tomorrow.
The way it's going, the US will probably have a flat
finish with the FTSE going nowhere tomorrow morning.
Melnibone.
ThePlayboy
- 08 Dec 2003 16:16
- 27 of 31
Melinbone-agree very frustrating, option 3 of the scenarios! a good trader friend of mine thinks they are holding it up for our close but its not really showing its hand, will wait and see!
ThePlayboy
- 08 Dec 2003 16:40
- 28 of 31
TUE FTSE PP
R2 4396
R1 4378
PP 4358
S1 4340
S2 4320
Ftse closed below Mon pp after gaining 3.2pts in the auction! DJ not giving away anything into our close! 2 day ftse chart rangebound, brk of 5 day downtrend through 4360 or continued weakness back to S1!
zarif
- 08 Dec 2003 16:48
- 29 of 31
Just rcvd this in my mailbox from saxo bank.
hope it helps.
Market Technicals
DAX - The DAX did retest the 3780 support, and if that gives way, then the low at 3692 is at risk. That may be the least potential to the downside, as the real target could be to as low as 3570.
FTSE-100 - also put sthe support at 4330 at risk later today, and before long, a downmvoe to 4270 might be initiated. But the bigger risk is further downmove to 4080 - 4050.
Nasdaq-100 - also projects a rough +ascending wedge+ outline, which is terminated a a break of the 1380 level -- which we may see again later in the week. A close below 1380 confirms the termnination, and should yield further down moves to at least 1300. We may even see the 1210 area again.
SPX - The SPX has been unable to penetrate the 1070 resistance, then fell lower on Friday -- which forms a very distinctive Head and Shoulders pattern in the intra-day charts. The support at 1065 will therefore likely fail and a fall to the 1050 - 1048 area follows. The +ascending wedge+ that has been in effect on the price chart in the past four months may have come to a head on Friday. A close below 1045 any day this week suggests that the wedge pattern is over, and the next main direction will be a return towards the base of the wedge which is at 960.
Dow - The blue chips average has been unable to break through 10,000 all of last week , and we may therefore see further declines to 9700 as a concsequence. The rough +ascending wedge+ pattern in the price chart is also terminated by any close below 9700 any day this week. That suggests further declones to 9450 at least, perhaps even make a return to the origin of the wedge which is at 8900.
Crocodile
- 08 Dec 2003 17:16
- 30 of 31
Welcome Douggie!
Douggie
- 08 Dec 2003 17:19
- 31 of 31
hey croc. how you know I,m looking in spooky