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Trading Thread & Thoughts - Monday 7th April (MKS)     

Crocodile - 06 Apr 2003 13:16

draw?period=1D&action=draw&startDate=10% draw?period=1D&action=draw&startDate=10%

Gold

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fpDJIA.gqplus?511 marketwatch-ss.img?symb=SP500 fpNASDAQ.gqplus?183

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S&P &Futures (Click for latest)

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Pre Market Futures (7:30)
FTSE +90
TechMark +15
DAX +90

Hang Seng+13

Chart

Nasdaq+175

Chart

DOW +150
S&P +14.7
Nasdaq +25
News Headlines:   

Oil, Gold & Bonds prices crash as the equity market futures surge on the positive allied news from Iraq.   SARS continues its March across the Far East,

<Warning> Michael Page recruitment 1st Quarter Trading Update reports 2003 revenue of 42.8m, 14% lower than the 49.5m in first quarter of 2002.  The Company stated that activity levels had slowed in the fourth quarter of 2002 and that the weakening had continued into the first quarter of 2003.

EasyJet reported the number of passengers carried in March soared 32.2 percent on last year and said aggressive cost control had reduced the impact of weaker fares. However I believe this may be lower than analyst forecasts but I haven't got the figures?. They said its load factor was 85.8 % in March, up slightly from 85 % last year.

BT rebrand's its image with a new company logo reflecting the new multimedia age.

Xstrata mining said it had agreed to buy Australian miner MIM Holdings for A$1.72 a share in cash, and was planning to raise more capital to fund the $2.96 billion dealMMO2 may be active after a weekend press report that it has held informal talks with Dutch telecoms group KPN Sainsbury said it would add the equivalent of 10,000 part-time jobs at its stores in a move to cut the length of queues at peak times but may .cut head office staffing levels.GSK along with Bayer may have to wait longer to launch their Viagra after the watchdog ordered further scrutiny of the clinical data after results were not up to expectations,Holmes Place a private equity group plans to launch an agreed bid in the next few days/BAE is poised to win a one billion pound eal to support Hawk jet trainers to the Royal Air ForceInvensys Several reports said the engineering firm will take a step toward breaking up the company as it embarks on a new round of asset disposals.Chesterton The British property services firm is set to leave the stockmarket following a takeover bid from one of its largest shareholdersScottish & Southern is close to acquiring Midlands, the electricity distribution network owned by the U.S.' Aquila

Calendar

All GMT

ukf.gifUnited Kingdom (F)inals (I)nterim usf.gifUnited States (Click Flag) euro.gifEurope & World

Monday

09.30 Feb Industrial / Manufacturing  Prod

20.00 February consumer credit

11.00 EMU Q4 revised labour costs y/y

Good Trading!   David@FTSEDOW.com    www.FTSEDOW.com

Bloomberg TV          

Pivot Calulator

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Crocodile - 07 Apr 2003 10:09 - 7 of 9

UK manufacturing production unexpectedly rose 0.3 percent in February.Economists on average had predicted a fall of 0.3 percent,

SLOBFACE - 07 Apr 2003 20:54 - 8 of 9

Dow now only up 26 points.I dont believe it.

Crocodile - 07 Apr 2003 22:20 - 9 of 9

Looks like the FTSE down 50 in the morning!
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