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. |
Druid2
- 05 Dec 2003 09:09
- 8 of 35
Morning all. Thanks Croc & TP. Nice to see EZJ & ETL holding their own and creeping up slowly. Let hope it'll continue.
Edit later - I see that EZJ has slipped back a bit now.
stockbunny
- 05 Dec 2003 10:29
- 10 of 35
Well unless I am regularly watching a truly bad batch of 20 or
so shares it would appear to be a pretty naff morning
- a whole screen of red!!!
Enjoy the lunch those of you going, doesn't look like you will be
missing a whole lot in the meantime.
Smuggle back a turkey leg, a bottle of something good
and a bit of pud' for the rest of us!!
Cheers!!!
zarif
- 05 Dec 2003 14:13
- 11 of 35
Us rsults not so good and with the fall preopen could give an interssting day.So better get the double edged knife out ready.(melnibone better make that a sword "excalibur")
rgds
zarif
stockbunny
- 05 Dec 2003 14:36
- 12 of 35
Us job figs not good, dollar not great - I take it it's going to be
a quiet to disappointing finish to the week on the markets then.
If you're 'playing' the DOW today - good luck..
zarif
- 05 Dec 2003 14:41
- 13 of 35
Stockbunny:
I had a short on yesterday Jan dow when i went to Leeds at Tims Yorkshire meet and closed it preopen when it plummeted down.Also i have a long open EUR/USD from yesterday which so far is in credit -but am leaving it running as its an uptrend and the dollar getting pasted.
Ym: just watching the action not in battle -on the sidelines a spectator atm.
rgds
zarif
Melnibone
- 05 Dec 2003 14:45
- 14 of 35
Hi all, just logged on again after a bit of Christmas
shopping.
I see the jobs number wasn't as good as expected and my
fears about a bit of profit taking has come true.
Although the data wasn't as good as expected, it wasn't bad.
Unemployment rate has actually dipped to 5.9%.
This should keep the Fed on hold for a bit ref interest rates.
This will give stability to the bond markets and keep the Dollar
depreciating in a controlled manner.
A dip now could give some buying opportunities for a Christmas
rally. Not sure how much of one, we need better data than this
to break indices resistance levels and start a new leg up.
As zarif said, could get interesting.
Melnibone.
ajren
- 05 Dec 2003 14:55
- 15 of 35
FUTURES UPDATE : 9.25 E.T.
S and P vs fair value : 4.2
Nasdaq vs fair value :14.2
Futures market continue to trade with bearish bias,and as a result,the cash
market should start the day firmly in negative territory.
rgds aj
ajren
- 05 Dec 2003 14:59
- 16 of 35
Hi Melnibone.Gold is depreciating ? Why would the dollar depreciate ?rgds aj
ajren
- 05 Dec 2003 15:02
- 17 of 35
Ref : Unemployment data.See my post on Gold price and my view gold will drop
below 400 rgds aj
ajren
- 05 Dec 2003 15:04
- 18 of 35
Basically,the experts predicted the results and that is why gold dropped
before the event.rgds aj
Melnibone
- 05 Dec 2003 15:09
- 19 of 35
Dollar will depreciate because the Fed will keep
interest rates at low levels. With the effect of
inflation, this means a negative return in real terms.
If the Fed raise rates too soon it will stifle spending,
increase debt repayments, and risk deflation rather
than dis-inflation.
Crudely put, you get more bang per buck with investments
in places with higher rates.
Gold and commodities are are an alternative investment
if you are not convinced about an economic revival in the
long term. They are also a finite item. Mother Earth
isn't making any more of the stuff any time soon.
Melnibone.
ajren
- 05 Dec 2003 15:10
- 20 of 35
Ref above my post below 400.
My prediction was correct i.e.New York Spot Price low was 399 rgds aj
ajren
- 05 Dec 2003 15:15
- 21 of 35
If dollar going to depreciate Gold would be going up -- not down rgds aj
ajren
- 05 Dec 2003 15:19
- 22 of 35
Gold supply/mines are virtually infinite.
Melnibone
- 05 Dec 2003 15:27
- 23 of 35
Gold is an alternative investment, not a direct contrarian
play on the Dollar.
Gold is not infinite, there is a finite amount.
It gets more expensive to mine it as the easy supplys
diminish.
As it gets more expensive to mine, it will only get mined
if the return is greater than the cost of mining it.
If the demand is there the price will have to rise to match
the cost. Just normal supply and demand criteria.
Melnibone.
ajren
- 05 Dec 2003 15:29
- 24 of 35
As I stated on another site : I felt Gold would fall and rise next week beause
of terrorism/dollar being an unstable currency.I suggest you read all the
Gold threads - not just mine rgds aj
Melnibone
- 05 Dec 2003 15:29
- 25 of 35
FTSE, DOW and S@p now back to the levels they were at
when the employment numbers were released at 1330 Hrs.
Now we'll see where the markets want to go.
Melnibone.
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.