Crocodile
- 03 Nov 2003 22:05
Premarket Futures 23rd
Oct |
FTSE -15 |
DAX -18 |
DOW +3 |
S&P +0.3 |
Nasdaq -1.5 |
News: |
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In the US the October manufacturing index came in at 57, well
above 55.9 reading analysts expected. This led to the The Nasdaq closing at
a 21-month high, while the Dow and the S&P 500 closed at new more than
17-month highs. The S&P 500's close above 1,050 was seen as breaking a very
significant resistant point.
Marks & Spencer said its half year profits rose seven
percent in line with forecasts, despite difficult market conditions. Pre-tax
profit came in at 311.5 million pound in line with analysts forecasts of
305-315 million pounds. This improvement came mainly from growth in food
sales after hot summer weather had affected clothing sales. They say they
are optimistic for good Xmas business.
JD Wetherspoon said sales rose 4.2 percent in the 13
week period to October 26, while overall sales in this first-quarter period
increased by 12 percent
However it added that its operating margins declined by around 0.5 percent
compared to the same period last year.
Associated British Foods maker of Twinings tea and
Silver Spoon sugar reported a 10 percent rise in annual profits to 473
million pounds ay the top end of market expectations despite difficult
conditions
Carphone Warehouse reported a 69 percent rise in first
profit to 20.3 million pounds ahead of analysts forecasts of 18.5 million.
Like-for-like revenue climbed 15.5 percent in the 26 weeks to September 27
and it said it expects further progress across the Xmas season. It siad it
expects further growth in its new fixed line business.
Scottish Power said that first half pretax profit grew
17 percent to 393 million pounds from 337 million from a year earlier thanks
to first quarter U.S. rate increases, volume growth and cost savings.
Analysts had forecasts of between 381 and 402 million pounds.
Backlash expected as
BSkyB names Rupert Murdoch's son James as CEO
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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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Carphone Warehouse (I), Kewill Systems (I)
Marks & Spencer (I), Scottish Power (Q2)
Tyco International (Q4), Minorplanet (F), Danka Business (I)Henderson Euro Trust (AGM), McBride (AGM)
A&J Mucklow (AGM), Redrow (AGM), Clinton Cards (EGM)
24th Oil and Money Conference
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Clear Channel Comms Q3
Gillette Q3
MBIA Q3
Prudential Financial Q3 |
Credit Suisse CH Q3, Depfa Bank D Q3
Fresenius Medical Care D Q3
Ixos Software D Q1, Pfeiffer Vacuum Tech D Q3
Singulus Technologies D Q3
Suess Microtec D Q3
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Melnibone
- 04 Nov 2003 08:58
- 6 of 16
Morning all,
I expected a bit more profit taking than this, this morning.
Looks like I'm wrong already.
Not a good omen for my chances today. :-(
Melnibone
SueHelen
- 04 Nov 2003 09:10
- 8 of 16
DOC the next one to move upwards substantially.
Melnibone
- 04 Nov 2003 09:17
- 9 of 16
Yes, FTSE bounced of R1 quite nicely.
Hope for my entry points yet.
RBS is stuck in no mans land between it's
PP and R1.
Time for a coffee and see how far stuff will drop.
Melnibone
Melnibone
- 04 Nov 2003 09:37
- 10 of 16
BT.A has hit S1.
Long at 184p.
Folk are buying the dips on this one for the signalled
possible increase in dividend.
Melnibone
Melnibone
- 04 Nov 2003 09:55
- 11 of 16
The shine seems to be coming off MKS.
It's approaching it's S1 at 284.3
I wonder if it will hold here or drop to S2 at 281.4?
Wait and see I think whilst the trend is down.
Melnibone
Crocodile
- 04 Nov 2003 10:17
- 12 of 16
Melnibone
Was doing well on MKS then hit a buy instead of a sell. Aghhhhhhhhh
Melnibone
- 04 Nov 2003 10:22
- 13 of 16
Sorry to hear that Croc.
What you need now is the Bears to take their
profit and push it back up again.
Fingers crossed!
Melnibone
zarif
- 04 Nov 2003 12:49
- 14 of 16
Everything looks lovey dovey on the Yankee market and stagnant b 4 open.Do you reckon we are going past 9900 mark today and then some profit taking. The Dj Newswire says market is going to open mixed -Reckon going South first then north.
rgds
zarif
Ps: What aere the key levels to watch today on Dow?
zarif
- 04 Nov 2003 14:26
- 16 of 16
Ok guys ready for the YM auction.
I hope i can cream them today.
happy hunting everybody and watch the sharks-they bite
rgds
zarif