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Author Topic: Today's Outlook  (Read 840619 times)

Moonraker

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Re: Today's Outlook
« Reply #390 on: October 31, 2013, 06:54:12 pm »
"Increased expectations for additional liquidity provisions from the ECB after eurozone unemployment (12.2% actual, 12.0% expected) and CPI (0.7% actual, 1.1% forecast) disappoint."

Rather dovish going forward, means really no compelling reason to move out of equities right now. European bond yields all down.
(I think 2014, before mid year, will see a pretty substantial correction in equities, given the games the FED and Abe of Japan are
playing).

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Moneypenny

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Re: Today's Outlook
« Reply #391 on: November 01, 2013, 09:49:26 am »
US markets all ended red last night, as did Australia earlier today.  Asian markets mixed this morning after Chines PMI data. 

US futures green, ranging between +0.16% to +0.25%, gold @ 1325, WTI Crude 96 (4-mnth low).

11:00 SA Manufacturing PMI
16:00 US ISM Manufacturing Index

New highs yesterday for Brait, Adcock, Aspen, MUR, Remgro
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Aragorn

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Re: Today's Outlook
« Reply #392 on: November 01, 2013, 12:33:04 pm »
Gold taken a pounding today - below $1315 atm
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Moneypenny

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Re: Today's Outlook
« Reply #393 on: November 04, 2013, 07:41:37 am »
US ended green Friday night, DOW +0.45%, Nasdaq + 0.06%, S&P + 0.29%, Futures green atm.

Gold 1313, WTI Crude 95.

On holiday today Japan, Singapore & India.  Rest of Asia red with Asia Dow -0.03%, HangSeng -0.17%, Shanghai -0.12%, Thailand -0.96% due to political tension (amnesty bill) & Australia -0.37%.

European PMI today from 10:13 to 10:58.

Back home, new highs last Friday for Tsogo Sun, Bil, Mondi, Adcock, SAB, Old Mutual, Bidvest & new low Argent.

Consensus changes to 'hold' for RMB, SAB, RBP, AMS, CFR.

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jaDEB

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Re: Today's Outlook
« Reply #394 on: November 04, 2013, 08:49:54 am »
Shows you I lost my touch, had no Idea BIL is at a new high. Thanks for the morniong reports Moneypenny. PS. having a busy / cr@p week, pls keep it positive.  :laugh:



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jaDEB

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Moneypenny

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Re: Today's Outlook
« Reply #395 on: November 04, 2013, 09:56:40 am »
You're welcome jaDEB.

You want some positive news?  Here's some good news for you:  Top 40 just jumped from 40 716 to 270 786 and froze there.
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Patrick

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Re: Today's Outlook
« Reply #396 on: November 04, 2013, 10:01:51 am »
Quote from: Moneypenny on November 04, 2013, 09:56:40 am
You're welcome jaDEB.

You want some positive news?  Here's some good news for you:  Top 40 just jumped from 40 716 to 270 786 and froze there.
Yes, sell sell sell, retirement here I come!
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Moneypenny

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Re: Today's Outlook
« Reply #397 on: November 06, 2013, 08:18:54 am »
Better than expected US Service Industry numbers yesterday raised fears again of tapering starting sooner than expected leaving Dow @ -0.14%, S&P -0.28% and Nasdaq +0.09%.

ALSI made yet another all time high 45,750 & T40 also all time high @ 40,929, mostly due to the rand (down more than 1%) driving resource stocks. 

Asian stock markets started mixed earlier this morning, morphed to mostly green.

Gold 1313, WTI Crude 94, US futures green atm.

New highs for BIL, CML, SAB, MON.
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Moneypenny

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Re: Today's Outlook
« Reply #398 on: November 07, 2013, 07:26:56 am »
US ended mixed, DOW +0.82%, Nas -0.20%, S&P +0.40%, Asia mostly red, Hang Seng -0.72%, US futures red, Gold 1316, Crude WTI 95.

14:00 GB Interest Rate
14;45 EUR Interest Rate
15:30 ECB Press Conference
15:30 US Cont Jobless Claims & GDP
21:00 ECB Draghi

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Moneypenny

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Re: Today's Outlook
« Reply #399 on: November 08, 2013, 08:12:19 am »
Good news is bad news in a mixed-up, muddled-up, shook-up world.

S&P -1.3% (biggest lost since 27 Aug), Dow -0.97%, (biggest lost since 8 Oct) & Nasdaq -1.9%.  All this after a bombshell interest rate cut in Europe yesterday & better than expected US 3rd-Q GDP which equates to tapering likely to start sooner than expected.

Asia down passionately for the same reason, gold 1310, crude 94, T40 -239 atm.

15:30 US Nonfarm & Unemployment rate
22:30 US Bernanke

New highs for Omnia, Tsogo, Billiton, SAB

Consensus to ‘buy’ for BIL, TRU.

And Foschni’s plan to double its presence in Africa over next 5 years, not going down well with -8.11% drop yesterday.
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Moneypenny

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Re: Today's Outlook
« Reply #400 on: November 08, 2013, 09:29:45 am »
Stay inside today, it's ugly out there. SAT40 touched -400 points.
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Orca

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Re: Today's Outlook
« Reply #401 on: November 08, 2013, 02:42:29 pm »
A healthy 6-8% correction was due soon anyway. Hope this is it so it can get done and over.  :TU:
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Moonraker

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Re: Today's Outlook
« Reply #402 on: November 08, 2013, 03:56:23 pm »
Very stong jobs numbers ..

The S&P 500 futures and Treasuries tumbled to their lows in reaction to a better-than-expected October jobs report. The S&P 500 futures trade lower by 0.4% while the 10-yr yield is higher by 11 basis points at 2.72%.

October nonfarm payrolls came in at 204K versus the 100K expected by the Briefing.com consensus. Nonfarm private payrolls added 212K against the 110K consensus. The unemployment rate ticked up to 7.3%, as expected by the Briefing.com consensus.

Hourly earnings ticked up 0.1% while the Briefing.com consensus expected an increase of 0.2%. Average workweek was reported at 34.4, in-line with the consensus expectations.

September personal income rose 0.5%, above the increase of 0.2% expected by the Briefing.com consensus. Meanwhile, personal spending rose 0.2%, in-line with the Briefing.com consensus.

Lastly, core PCE prices ticked up 0.1%, as expected.



SRC= Nasdaq.

Tapering more likely to occur earlier than April 2014. Before end Jan. 2014 probably.
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Orca

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Re: Today's Outlook
« Reply #403 on: November 08, 2013, 06:31:40 pm »
Now the markets are totally screwed up. US going strong with the great results. Technicals were in overbought and overvalued region and now increasing. Thought the good news will tank markets but they going up. WTF is going on? QE to end sooner should have prevailed and tanked the US by now.
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Moonraker

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Re: Today's Outlook
« Reply #404 on: November 08, 2013, 06:59:54 pm »
Quote from: Orca on November 08, 2013, 06:31:40 pm
Now the markets are totally screwed up. US going strong with the great results. Technicals were in overbought and overvalued region and now increasing. Thought the good news will tank markets but they going up. WTF is going on? QE to end sooner should have prevailed and tanked the US by now.
You are right in your thinking, but the feeling now is that the economy is strong enough to withstand tapering ..

Quote
Equity futures initially erased earlier gains after a Labor Department report showed payrolls in the U.S. increased more than forecast in October. After a report yesterday showed third-quarter gross domestic product grew faster than yesterday, today’s data fueled speculation the Fed will cut stimulus sooner than expected.

The contracts then reversed their losses as investors considered whether the signs of strengthening growth is evidence that the world’s largest economy can withstand less Fed support.
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