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Full Version: IDS World Markets 29th May 06
Stool Pigeons Wire Message Board > Stock Market Message Board > Intraday Stool- Stock Market Short Term Trading
Another breakout at open but things have quietened down considerably so maybe we get a sideways move for the rest of the day. All Ords currently +0.8% with Materials and Energy equal leaders, +1.9%. 3 sectors are red with Telecom down the most, -0.4%.
In the miners BHP and RIO are both up 2.5% and the golds are up but not looking too exciting. With the gold price looking like it might revisit recent lows it seems like the punters taking a wait-and-see stance.
Oils are green but on very light volume.
Asia trading cautiously upwards: Sth Korea leading, +0.7%.
Looks like things will remain quiet until Big Brother's back in the game
Mexico Holds Interest Rate
May 26 (Bloomberg) -- Mexico's central bank held the benchmark lending rate at a 21-month low, snapping nine straight months of reductions that have helped spark faster growth.
Banco de Mexico left the overnight rate at 7 percent and said it sees no room for cuts in the ``foreseeable future,'' repeating language used in last month's statement. Central bankers reiterated they expect to meet the inflation target of 3 percent plus or minus one percentage point this year.
May 26 (Bloomberg) -- Mexico's central bank held the benchmark lending rate at a 21-month low, snapping nine straight months of reductions that have helped spark faster growth.
Banco de Mexico left the overnight rate at 7 percent and said it sees no room for cuts in the ``foreseeable future,'' repeating language used in last month's statement. Central bankers reiterated they expect to meet the inflation target of 3 percent plus or minus one percentage point this year.
Japan's Retail Sales Decline
May 29 (Bloomberg) -- Japan's retail sales fell for the first time in three months as wet weather and cool temperatures kept shoppers at home.
Retail sales declined 0.6 percent in April from a year earlier, the Ministry of Economy, Trade and Industry said in Tokyo today.
May 29 (Bloomberg) -- Japan's retail sales fell for the first time in three months as wet weather and cool temperatures kept shoppers at home.
Retail sales declined 0.6 percent in April from a year earlier, the Ministry of Economy, Trade and Industry said in Tokyo today.
Looks like we're in for a leg up at this stage. All Ords closed +1.1%, Energy moved into first place, +2.6% and Materials came in second, +2.5%. IT did a dive to -0.5%.
BHP and RIO had a good one, +3.3% and +2.3% respectively. The golds continued to waffle with only Lihir closing up, +3%, Newcrest flat and Newmont -0.4%.
Oils looked strong although volume remained lightish. Woodside finished +3.4% and Santos +2.5%.
A mix in Asia ranging from China +2% to Nikkers -0.3%.
Over to Europe:
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