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billywows
Elite |
18-Sep-2006 21:43
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U.S. stocks open lower; mood is cautious after recent rally |
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Nostradamus
Supreme |
18-Sep-2006 20:44
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The US economy is set to slow sharply in 2007, but it will not drag the rest of the global economy with it, according to a research note by Merrill Lynch. US GDP growth is set to slow to 1.9% next year from 3.4% this year, driven by a sharp slowdown in the housing market and an accompanying slump in consumer spending, Merrill economists reckon. The US house prices are set to see an outright decline of about 5% next year, causing US consumers to spend around 1% less, and double that if house price falls are more severe, they said. "The much-vaunted housing market correction, which has finally hit the US economy, has the potential to pull the US to the brink of recession by early 2007," the Merrill report said. Non-US growth, however, will decline by only half a percent to 5.2%, held up by higher non-US domestic demand, a rise in intra-regional trade and supportive macroeconomic policies in many of the world's economies. European countries "could feel the pinch", but will cope much better than in previous US downturns, mainly because growth is being driven by stronger domestic demand and not exports. GDP growth in the region is expected to slow to 2.1% in 2007 from 2.6% in 2006, but this is due to the impact on domestic demand of tighter fiscal policy, Merrill predict. In Asia, Japan and India appear well-placed to decouple from the US, though Taiwan, Hong Kong and Singapore are more likely to be impacted. In Japan, export markets are far less reliant on the US than they were in the 1990s, and for the first time in over a decade, the country's financial system is "flush with capital", with banks eager to lend, they said. Firms are also re-investing in their businesses for growth, which should sharply boost domestic demand. In the Americas meanwhile, Canada will probably be hit, but Brazil "has a high chance of de-coupling from the US, due to its relatively low reliance on exports and its current account surplus". Global monetary policy is also set to diverge, with Japan and most European and Asian countries expected to continue to raise interest rates, while Australia, Canada and the UK keep rates steady. Merrill Lynch expects the US Federal Reserve, however, to lower interest rates by 125 basis points in 2007. |
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tanglinboy
Elite |
18-Sep-2006 20:21
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Bulls at Wall St.'s starting gate
Intel chip breakthrough could help pace tech issues at Monday's stock open.
NEW YORK (CNNMoney.com) -- U.S. stocks were headed for a higher open Monday, as investors consider a reported Intel breakthrough on semiconductor technology among other news items. At 7:30 a.m. ET, Nasdaq and S&P futures were higher. Intel (Charts) was expected to announce a breakthrough Monday in the development of chips using lasers, a move seen reducing the cost of high-speed communications. Shares of Intel were little changed in Frankfurt trading Monday. Peter Cardillo, chief market strategist SW Bach, said that even though Intel is likely at least five years away from a commercial version of the new chip, the reports of the breakthrough should feed relatively positive market sentiment ahead of Wednesday's Federal Reserve meeting, at which investors are expecting rates to be again left unchanged. "Right now, negative news seems to be being spun into good news, while good news is lifting stocks," he said. "I think we should see tech and energy stocks keep stocks in a positive trading range." In other corporate news, Automotive News reported that the chief financial officers of embattled U.S. automakers General Motors (Charts) and Ford Motor (Charts) have held discussions about a possible alliance or merger between the companies, although sources told the trade publication that the chance of a combination between the two are slim. Citizens Communications (Charts) announced a deal early Monday to buy Commonwealth Telephone Enterprises (Charts) for $1.16 billion in cash and stock. Telecom Italia agreed to buy AOL's German operations from Time Warner (Charts) for $870 million in cash, the companies announced Sunday. CNNMoney.com is also a unit of Time Warner. |
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tanglinboy
Elite |
16-Sep-2006 09:05
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Dow ended up 33 points last night but lost most of its gains. |
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billywows
Elite |
15-Sep-2006 22:30
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Dow up 73 points and Nasdaq up 16 points .... Oil drops to $62.50! ------------------------ Trading is expected to be relatively brisk throughout the session, and could be more volatile than usual, due to the effect of "quadruple witching," which is the simultaneous expiration of stock index futures, stock index options, stock options and single stock futures.
The market cheered news from the Labor Department that the consumer price index rose 0.2% in August, after a 0.4% gain in July. Core CPI, which excludes food and energy, also increased by 0.2%. Economists surveyed by MarketWatch, on average, had been expecting CPI to rise 0.3% and core CPI to be up 0.2%. See full story. |
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billywows
Elite |
15-Sep-2006 21:34
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Dow up 61 points and Nasdaq up 16 points now after opening bell ....... FULL GREEN! | ||
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billywows
Elite |
15-Sep-2006 20:45
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-----------------------------
ECONOMIC REPORT
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Nostradamus
Supreme |
15-Sep-2006 18:33
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Citibank CEO William Rhodes expressed particular concern about the U.S. housing market, where a batch of adjustable rate mortgages will come due next year and force lenders to pay higher interest rates, likely cutting into consumer spending.
He said the conditions were developing for possible stagflation, or a stagnant economy coupled with rising prices. |
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scotty
Senior |
15-Sep-2006 08:52
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Dow down 15 points last night STI should be stagnant today... |
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billywows
Elite |
14-Sep-2006 23:28
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Nasdaq Green! Dow climbing .. |
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billywows
Elite |
14-Sep-2006 23:25
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Nostradamus
Supreme |
14-Sep-2006 23:25
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I believe Wall Street will try to test the May highs, followed by a correction within the next 2 weeks. | ||
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Nostradamus
Supreme |
14-Sep-2006 22:57
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Wall Street pulled back as investors looked past an unexpected rise in retail sales and focused on an increase in import prices.
Investors feeling uncertain about next week's Federal Reserve meeting grew even more uneasy after the Labor Department reported import prices rose a larger than expected 0.8% in August. That gain, which raised concerns that the Fed might resume its string of interest rate hikes after pausing in August, canceled out any good feeling the market had about the retail sales report. The Commerce Department said sales rose 0.2% last month, versus expectations of a decline. The modest increase in retail sales followed a 1.4% rise in July. Blue chips came under pressure however after UBS, the investment bank, lowered its rating on GE and Boeing Co. UBS cut its rating on GE to "netural" from "buy" and reduced its call on Boeing to "reduce" from "neutral." |
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teeth53
Supreme |
14-Sep-2006 22:28
Yells: "don't learn through life, learn to grow with life " |
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Half hr down, next half hr up, next half down again next half up again, seow seow yehh....again and again, anyway it is up a little each time. | ||
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billywows
Elite |
14-Sep-2006 21:44
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Dow .... |
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billywows
Elite |
14-Sep-2006 21:37
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US markets opened down ....... ------------------ MARKET SNAPSHOT Meanwhile, a more optimistic outlook on the global economy may help stem the weakness.
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billywows
Elite |
14-Sep-2006 18:26
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Economic data (below) to be out tonight will have huge impact on wall street. Fed is watching them closely for their 20th meeting. Standby for fly or dive in US markets later.
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tanglinboy
Elite |
14-Sep-2006 07:40
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Wall Street hits four-month highs
All
three major gauges gain for fourth session in a row, ending at highest
point since May; strength in tech, transportation, bank stocks all
help; oil rises modestly.
NEW YORK (CNNMoney.com) -- Stocks rallied Wednesday, closing higher for the fourth session in a row, with all three major market gauges carving out four-month highs, thanks to a broad-based advance. The Nasdaq composite (up 11.85 to 2,227.67, Charts) added around 0.5 percent, closing at its highest point since May 16.
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teeth53
Supreme |
14-Sep-2006 00:29
Yells: "don't learn through life, learn to grow with life " |
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Likely sti more red then green liao for dow end of d day predicting -ve | ||
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teeth53
Supreme |
14-Sep-2006 00:26
Yells: "don't learn through life, learn to grow with life " |
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At 12.23 past mid nite local time , afternoon in US, DOW blue line start to sliding oredi, it climb fm 10:30 to 12:30 & it's fall again liao.. | ||
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