Crocodile
- 10 Nov 2003 22:19
Premarket Futures |
FTSE -15 |
DAX -20 |
DOW -35 |
S&P -3.6 |
Nasdaq -5 |
News: |
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Despite positive news in the tech sector U.S. stock markets
sank lower on profit taking with the Nasdaq down 29.10, Dow Jones, down
53.26 and the S&P 500 down 6.10.
Canary Wharf, No
guaranteed bid.
Kingfisher said its sales growth slowed in the third
quarter, as it had anticipated due to very hot summer weather but tight
control of stocks and costs reduced the impact on profits. Third quarter
sales grew 3.6 percent compared with 5.5 percent growth in the first half.
Emap publishing and radio said it should meet
full-year goals even though it expected no material change in trading
conditions during its second half. They posted a nine percent rise in profit
to 94 million pounds in the six months to end-September, on turnover up
seven percent to 509 million pounds.
International Power
reported nine months earnings at the bottom of analysts' forecasts and
warned that tough conditions in the U.S would send profits down further in
2004. Earnings per share for the nine months fell to 7.2 pence from 12.8 a
year ago. Analysts had forecast 7.8 pence and the company said things were
so bad in the U.S that it may have to mothball some capacity.
BAA airports operator reported a
four percent rise in October passenger traffic from a year ago, its
strongest performance since the Iraq war this year. The lucrative north
Atlantic sector recording its first monthly gain since February.
Xansa computer services
said it expected turnover to be down in the second half although in line
with its expectations amid challenging market conditions.
Northern Foods reported a 16 percent fall in half-year
profits. After three profit warnings in the last two years the group said it
aims to stabilise second-half profits at last year's level. The company,
which makes own-label ready meals for Marks & Spencer reported 6 month
profits of 32.5 million pounds at the top of analysts forecast range of
29.5-32.5 million pounds.
Reckitt Benckiser report later
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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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Dicom Group (I), nCipher (I), Comino (I), EMAP (I) 92m
Intechnology (I), International Power (I)
Northern Foods (I), Oxford Instruments (I)
VT Group (I), Galen Holdings (F), Reckitt Benckiser (Q2)Dicom Group (AGM), ICM Computer (AGM)
Smiths Group (AGM), Kingfisher (Update)
P&O Trading statementCBI regional trends survey
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JC Penney Q3
12:45 BTM retail chain index |
Bayer D Q3, Beiersdorf D Q3
Banca Intesa I Q3, Celesio D Q3
Mediaset I Q3, T-Online D Q3
Wedeco D Q3
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Druid2
- 11 Nov 2003 09:00
- 6 of 45
Morning all. Tempted with a small ETL long at 48.75 on the dip today. Prepared to add if it goes against me.
Crocodile
- 11 Nov 2003 09:07
- 7 of 45
Running a short on KGF
Melnibone
- 11 Nov 2003 09:12
- 8 of 45
Morning all,
Looks like S2 is holding.
Hoping for a little bounce back from here.
Don't always get what we want though.
Melnibone
Melnibone
- 11 Nov 2003 10:07
- 10 of 45
My MKS are doing the same as your AVZ.
Been toying with the idea of taking a small profit and
buying back cheaper.
Trouble is, I did that last week with BT.A and looked what
happened there. :-(
Melnibone
Melnibone
- 11 Nov 2003 10:20
- 13 of 45
Yes, BT.A due thursday I believe.
MKS goes ex Divi (4.4p), tomorrow.
Melnibone
Melnibone
- 11 Nov 2003 10:21
- 14 of 45
Our posts crossed. ;-)
Melnibone.
Melnibone
- 11 Nov 2003 10:48
- 15 of 45
Just took my profit on MKS on that last bounce.
Now to see if I can get the position back cheaper.
Croc's chart is making me very cautious here.
Melnibone.
Paulismyname
- 11 Nov 2003 11:54
- 18 of 45
Thanks little woman for your email, tried to reply but Moneyam or my computer playing up. Bit difficult for me to organise a South East group myself so will await a London Traders day
Paul
Melnibone
- 11 Nov 2003 12:26
- 20 of 45
Looks like I got my timing right on MKS.
Now have the option of buying back cheaper.
Too close to the US open to make a decision now.
Futures look weaker so will wait and see the US
market direction.
Melnibone
Melnibone
- 11 Nov 2003 13:03
- 22 of 45
Just watched a slot on Bloomberg with a guy talking
about money supply in the US.
Apparently, this month, it turned down for the first
time since 1995.
Couldn't get a firm grip on how this was worked out
but the bottom line was that if this didn't turn up
again soon then it could prove negative for stocks.
Melnibone.