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Maniam
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12-Oct-2007 01:38

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Productivity gains cannot help to fight inflation,you are abt right,as far as we are concern compare to Korea,Taiwan...20 over years in the manufacturing..this word productivity is as good as dead..so far 3 out of 10 we are there and on the low end....

Yes,gold will appear cheaper...but i dont think they means what they say...what they(MAS) doing is to tok down inflation,becos 9.4% growth is on the high side...but they cannot go on the strong side becos we are export oriented...strong dollar is not in our interest over the long run....so gold in the long term will be fine...and if there is nay geopolitical or financial upheaval...gold will outrun the dollar..this is where we profit..

Gold can onli get stronger...with a weak US$..just nw...hit 27 year high again as i was wrting this post....there is no way for the dollar to go up with further rate cut...gold will soar,,nw the fundamental is stronger than 1980...this gold and commodities bull is going to be a long ones..atleast according to expert will last anothe 7 years..

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CWQuah
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11-Oct-2007 23:59

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Considering how wages have risen, it's hard to expect productivity gains to be significant enough to beat inflation.

Maniam,

I thought if S$ appreciates, gold which is priced in USD, would appear cheaper since SGD would appreciate against USD? Can you help to clarify?

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Maniam
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11-Oct-2007 22:44

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MAS said they will let sing $ strengthen...well that is bad for gold..as far as we in Singapore is concern but let see how long they can maintain this...if $ strong our product will be expensive...what they should do is to improve productivity to fight inflation...but i figure this is more difficult...

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tanglinboy
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11-Oct-2007 22:30

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Dow flirts with new record

Industrial average and S&P 500 both hit all-time intraday high as investors restart the advance; Wal-Mart gains on earnings forecast.

October 11 2007: 10:14 AM EDT

NEW YORK (CNNMoney.com) -- Stocks rallied Thursday morning, sending the Dow and S&P 500 to fresh intraday records after Wal-Mart stores raised its third-quarter earnings forecast and a report showed the trade deficit narrowed in August.

The Dow Jones industrial average (Charts) added 0.6 percent in the early going, briefly touching an all-time intraday high of 14,171.52 before pulling back a bit. The broader S&P 500 (Charts) index gained 0.6 percent and briefly touched a record intraday high of 1,571.65.

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Maniam
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11-Oct-2007 14:52

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The next big stock market crash is not the DOW..

It is China...red hot stock market with super high inflation...the right ingredient for a financial nuclear disaster....

This will sent shock wave ard the world...

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mirage
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11-Oct-2007 09:00

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Market Overview

Market Summary USAAMERICASEUROPEASIACURRENCIES

Major Market Indexes
Industry Indexes
International Indexes
Sector Performance
Rates

DJIA	14,078.69	-85.84	-0.61%

Nasdaq	2,811.61	+7.70	+0.27%

S&P 500	1,562.47	-2.68	-0.17%

Dow Util	516.09	-4.80	-0.92%

NYSE	10,264.50	-15.81	-0.15%

AMEX	2,425.86	+8.99	+0.37%

Russell 2000	845.19	-0.53	-0.06%

Semcond	493.82	-2.86	-0.58%

Gold future	746.00	+2.90	+0.39%

30-Year Bond	4.86%	-0.00	-0.02%

10-Year Bond	4.65%	-0.00	-0.09%

Market Diaries

Issues:	NYSE	Nasdaq

Advancing	1,568	1,389

Declining	1,715	1,540

Unchanged	118	140

Total:	3,401	3,069

Issues at:

52-Week High	124	121

52-Week Low	11	29

Volume:

Advancing	504,231,000	1,186,501,000

Declining	633,956,000	747,282,000

Unchanged	23,093,000	25,477,000

Total:	1,161,280,000	1,959,260,000

10/10/2007 8:00:00 PM

Market Screener NYSENASDAQAMEXOTC

Most Active by Volume on 10/10/2007
Symbol	Last	Change	Volume

EMC	22.57	+0.760	76.40M

IWM	84.11	-0.070	50.13M

Q	8.85	-0.490	38.22M

F	8.23	-0.090	35.66M

AMD	14.02	+0.230	32.14M

PFE	25.54	0.000	29.31M

C	47.14	-0.480	29.15M

AA	38.73	-0.990	27.90M

BA	98.68	-2.770	25.31M

RIO	34.25	-0.100	25.17M

Add symbols to My Portfolio		More...

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Pinnacle
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11-Oct-2007 08:55

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The Dow and S&P 500 fell on Wednesday after Boeing Co. said it expects a delay in deliveries of its Dreamliner jet and early corporate results prompted concern about the outlook for profits. The Nasdaq was up slightly, with Costco Wholesale Corp shares hitting an all-time high after the retailer reported robust earnings. But outside the retail sector, several major companies ranging from makers of paper products to pet supplies suggested a slowing economy was taking its toll on corporate profits, sapping investor sentiment.

The Dow Jones industrial average was down 85.84 points, or 0.61 percent, to end at 14,078.69. The Standard & Poor's 500 Index was down 2.68 points, or 0.17 percent, at 1,562.47. But the Nasdaq Composite Index was up 7.70 points, or 0.27 percent, to close at 2,811.61.

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mirage
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11-Oct-2007 08:54

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MARKET SNAPSHOT

U.S. stocks close mostly lower after Alcoa misses

Wall Street scales back losses; Nasdaq hits highs not seen since early 2001

By Kate Gibson, MarketWatch

Last Update: 4:37 PM ET Oct 10, 2007

NEW YORK (MarketWatch) -- Wall Street on Wednesday gave back a chunk of Tuesday's record gains, pressured by news that Boeing will delay deliveries of its Dreamliner jet and a report that Alcoa fell short of its earnings estimates.

"We're beginning to see some negative earnings reports come out," said Peter Cardillo, chief market economist at Avalon Partners.

"Percentage-wise, I would expect more disappointments than pleasant surprises, so for the next week or so we could see this market give up 3% to 5% on slower earnings growth," Cardillo said.

The Dow Jones Industrial Average (DJIA:

DJIA

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Last:

Delayed quote data

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DJIA, , ) shed 86.8 points to finish at 14,078.7, scaling back earlier losses that had the Dow off more than 140 points.

"We had a pretty good day yesterday and we're giving up half of it; the punishment didn't really fit the crime," Art Hogan, chief market strategist at Jefferies & Co., said of the market's paring back losses.

'We seem to get to new highs, then get a case of vertigo,'

Art Hogan, Jefferies & Co.

"We seem to get to new highs, then get a case of vertigo," Hogan said.

Of the Dow's 30 components, 20 finished in the red, led by Chicago-based aircraft maker Boeing Co. (BA:

Boeing Co.

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Last: 98.68-2.77-2.73%
4:00pm 10/10/2007
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BA 98.68, -2.77, -2.7%) , off 2.7%, and aluminum producer Alcoa Inc. (AA:

alcoa inc com

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Last: 38.73-1.02-2.56%
4:02pm 10/10/2007
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AA 38.73, -1.02, -2.6%) , off 2.5%. Read full story on Boeing. Read full story on Alcoa.

The S&P 500 (SPX:

S&P 500 Index

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Last: 1,562.47-2.68-0.17%
4:59pm 10/10/2007
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SPX 1,562.47, -2.68, -0.2%) declined 2.68 points to 1,562.47.

The Nasdaq Composite (COMP:

Nasdaq Composite Index

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Last: 2,811.61+7.70+0.27%
5:17pm 10/10/2007
Delayed quote data

Sponsored by:

COMP 2,811.61, +7.70, +0.3%) advanced 7.70 points to 2,811.61, after earlier climbing to a high of 2,813.67, a level unseen since early 2001.

The Nasdaq drew some support from Costco Wholesale Corp. (COST:

costco whsl corp new com

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Last: 69.13+5.82+9.19%
4:00pm 10/10/2007
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COST 69.13, +5.82, +9.2%) , up 9.2% after topping forecasts with its fourth-quarter profit rise of 4.7%. Read more.

The Dow and S&P losses one day after reaching new peaks "looks like exhaustion among the buyers," said Al Goldman, chief market strategist at A.G. Edwards.

Hear more.

Volume on the New York Stock Exchange totaled more than 1.2 billion shares, with decliners barely ahead of advancing stocks. On the Nasdaq, more than 1.9 billion shares were exchanged, and declining stocks ran just ahead of advancing issues.

Third-quarter earnings of S&P 500 companies have "a good chance" of turning negative for the first time in five years on Thursday, after factoring in Wednesday's profit-warnings from a slew of energy stocks, Thomson Financial said. See full story.

Fed-inspired rise

On Tuesday, Wall Street rallied, taking the Dow and S&P to fresh closing highs after minutes from the Federal Reserve's September meeting furthered thoughts that the central bank would cut interest rates again at a two-day Federal Open Markets Committee gathering at the end of the month.

"The FOMC minutes did not shed fresh light on the Fed's monetary policy outlook, and as a result, it appears the foreign currency market remains somewhat skewed toward another rate cut at some point this year," said analysts at Action Economics.

Following Tuesday's Fed minutes, investors were also watching the first speech by Eric Rosengren, the new president of the Federal Reserve Bank of Boston, who told the Chamber of Commerce in Portland, Maine, that commercial and savings banks could find profitable opportunities in the subprime mortgage market.

In economic data, the Commerce Department reported inventories at U.S. wholesalers remained at the leanest levels ever in relation to sales in August, with wholesale sales up 0.4% during the month, while inventories gained 0.1%. Read Economic Report.

Companies in this story

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I am in awe the market seems to be able to be manipulated by so few. 50 basis point drop in rates? I thought that was mostly already factored in- but we see a large boost in the market. Lending institutions throughout the world are on the ro...

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Pinnacle
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10-Oct-2007 21:56

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NEW YORK (Reuters) - Stock futures dropped on Wednesday as investors turned cautious about the outlook for profits after Alcoa Inc's (AA.N: Quote, Profile, Research) earnings missed estimates and International Paper Co. (IP.N: Quote, Profile, Research) issued a profit warning.

Investors hoped third-quarter earnings would start on a firm footing to ease concerns about the toll of the housing slump on the economy.

But Alcoa's results, released after the bell on Tuesday, and profit warnings from companies, including oil producer Chevron Corp. (CVX.N: Quote, Profile, Research) and leading refiner Valero Energy Corp (VLO.N: Quote, Profile, Research) tempered optimism.

"You're seeing a bit of caution before a long list of earnings begin to pour in," said Peter Cardillo, chief market economist at Avalon Partners.

"The market could run into some trouble here short-term as some of the earnings could come in somewhat less than expected. There are going to be some upside surprises but I think there will be more downside surprises."

Disappointment with profits could trigger a 3 percent to 5 percent pullback in the stock market, he added.

S&P 500 futures fell 4.4 points, and were about even with fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.

Dow Jones industrial average futures slipped 28 points, and Nasdaq 100 futures dropped 4.5 points.

Valero Energy shares fell more than 3 percent to $69.75 before the bell following the company's profit warning that third-quarter profit would be below Wall Street's estimates.

International Paper blamed weak land sales for its profit warning, while both Chevron and Valero Energy cited weak refining margins, among other factors.

But shares of Costco Wholesale Corp (COST.O: Quote, Profile, Research), the No. 1 U.S. warehouse club operator, rose 1.4 percent to $64.20 before the bell after the retailer posted a higher profit on strong sales.

Companies also due to post results on Wednesday, include Monsanto Co (MON.N: Quote, Profile, Research), Progressive Corp (PGR.N: Quote, Profile, Research) and Ruby Tuesday Inc (RT.N: Quote, Profile, Research).

The Dow and S&P 500 jumped to close at record highs on Tuesday after minutes from the Federal Reserve's last meeting showed inflation expectations were contained, leaving open the question of whether another rate cut is near.

According to Reuters Estimates, S&P 500 third-quarter earnings are projected to rise 3.2 percent compared with a year ago. The health-care and technology sectors are expected to show the largest gains.

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tanglinboy
Elite

10-Oct-2007 21:51

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Stocks take a breather

U.S. markets slightly lower as investors back away from record highs.

October 10 2007: 9:36 AM EDT

NEW YORK (CNNMoney.com) -- Stocks eased slightly in early trading Wednesday as investors took step back from the advance that put major indexes into record territory.

The Dow Jones industrial average slipped 0.1 percent. The Nasdaq composite index was down a fraction. The Standard & Poor's 500 index lost 0.1 percent.

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Pinnacle
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10-Oct-2007 18:34

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Oct 10 (Reuters) - U.S. stock index futures were lower before the start of Wall Street trading on Wednesday, a day after share indexes climbed to record highs and with corporate earnings reports expected to set the pace.

"Decisive for the stock market trend is above all whether companies will be able to further increase their profits," said Carsten Klude, chief economist at German private bankers M.M. Warburg.

Analysts' current consensus forecasts that S&P 500 profits would rise by on average 11 percent next year look "highly ambitious," Klude said, noting that U.S. consumers are likely to spend less due to the weakening housing market.

At 1005 GMT the Dow Jones future (DJc1: Quote, Profile, Research), the S&P 500 future (SPc1: Quote, Profile, Research) and the Nasdaq future (NDc1: Quote, Profile, Research) were all down 0.2 percent.

The indicative Dow Jones index (.DJII: Quote, Profile, Research), whick tracks how the Dow stocks are trading in Frankfurt, was 0.1 percent lower.

Four S&P 500 companies are scheduled to report quarterly results: warehouse club operator Costco (COST.O: Quote, Profile, Research), hotel real estate investment trust Host Hotels & Resorts (HST.N: Quote, Profile, Research), biotech crops company Monsanto (MON.N: Quote, Profile, Research) and auto insurer Progressive Corp (PGR.N: Quote, Profile, Research).

Eyes will also be on three heavyweight companies -- Alcoa (AA.N: Quote, Profile, Research), International Paper (IP.N: Quote, Profile, Research) and Chevron (CVX.N: Quote, Profile, Research) -- whose shares fell in after-hours trading on Tuesday.

The Mortgage Bankers Association releases its mortgage market index for the week ended Oct. 5 at 1100 GMT and August wholesale inventories for August are due at 1400 GMT.

U.S. stocks rose on Tuesday following the release of the minutes of the Federal Reserve's Sept. 18 monetary policy meeting which showed inflation expectations were contained, leaving open the question of whether another rate cut is near.

On Wednesday Boston Fed President Eric Rosengren is due to give a speech at 1200 GMT on recent events in real estate, financial markets and the economy.

On Tuesday, the Dow Jones industrial average (.DJI: Quote, Profile, Research) advanced 0.86 percent to end at 14,164.53 points -- a record -- and the S&P 500 (.SPX: Quote, Profile, Research) rose 0.81 percent to a record 1,565.15.

During the session, the Dow reached an intraday record high of 14,166.97 and the S&P an all-time high of 1,565.26.

The Nasdaq Composite (.IXIC: Quote, Profile, Research) closed up 0.59 percent, having reached 2,806.41 points earlier in the session -- its highest level since January 2001.

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mirage
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10-Oct-2007 08:49

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Market Overview

Market Summary USAAMERICASEUROPEASIACURRENCIES

Major Market Indexes
Industry Indexes
International Indexes
Sector Performance
Rates

DJIA	14,164.53	+120.80	+0.86%

Nasdaq	2,803.91	+16.54	+0.59%

S&P 500	1,565.15	+12.57	+0.81%

Dow Util	520.89	+6.96	+1.35%

NYSE	10,280.31	+93.88	+0.92%

AMEX	2,416.87	+16.35	+0.68%

Russell 2000	845.72	+5.58	+0.66%

Semcond	496.68	-4.47	-0.89%

Gold future	743.10	+4.40	+0.60%

30-Year Bond	4.86%	+0.00	+0.06%

10-Year Bond	4.65%	+0.01	+0.28%

Market Diaries

Issues:	NYSE	Nasdaq

Advancing	2,285	1,711

Declining	1,001	1,244

Unchanged	112	122

Total:	3,398	3,077

Issues at:

52-Week High	170	134

52-Week Low	10	17

Volume:

Advancing	887,761,000	1,185,770,000

Declining	283,195,000	678,952,000

Unchanged	17,396,000	26,073,000

Total:	1,188,352,000	1,890,795,000

10/9/2007 7:59:00 PM

Market Screener NYSENASDAQAMEXOTC

Most Active by Volume on 10/9/2007
Symbol	Last	Change	Volume

IWM	84.20	+0.680	57.97M

EMC	21.81	+0.640	52.14M

F	8.32	+0.130	44.97M

S	18.28	-0.220	42.14M

C	47.62	-0.180	40.73M

LDK	44.79	+7.290	31.39M

PFE	25.54	+0.090	31.39M

RIO	34.35	+1.080	22.81M

GE	42.02	+0.490	19.55M

STV	51.08	+11.590	18.45M

Add symbols to My Portfolio		More...

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Pinnacle
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10-Oct-2007 08:48

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The Dow and S&P 500 jumped to close at records on Tuesday after minutes from the Federal Reserve's last meeting showed inflation expectations were contained, leaving open the question of whether another rate cut is near.

With the start of earnings season this week, optimism that results would beat what many analysts consider to be low expectations for the quarter also helped bolster stocks.

The Dow Jones industrial average climbed 120.80 points, or 0.86 percent, to end at 14,164.53 -- a record. The Standard & Poor's 500 Index ended up 12.57 points, or 0.81 percent, at a record 1,565.15. The Nasdaq Composite Index finished up 16.54 points, or 0.59 percent, at 2,803.91.

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tanglinboy
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08-Oct-2007 21:41

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Stocks in weak open

Traders brace for start of third-quarter earnings reporting period after Friday's record-breaking session.

October 8 2007: 9:31 AM EDT

NEW YORK (CNNMoney.com) -- U.S. stocks opened slightly weaker Monday as investors mulled last week's record-setting rally and braced for the start of the third-quarter earnings reporting period.

Stocks soared on Friday after a strong employment report eased recession fears. The Dow Jones Industrial Average touched a record trading high and the broader S&P 500 index reached a record high close.

Warren Buffett's Berkshire Hathaway sold a block of listed shares in PetroChina for the fifth time in three months, dropping its stake in the company's share capital to 6.97 percent, according to a filing to the Hong Kong stock exchange Monday.

More labor strife could be brewing in the auto industry, as the United Auto Workers union gave 72-hour notice to Chrysler that it would end the contract extension under which its 49,000 members at the automaker have been working since Sept. 13. The notice could open the door for a strike at Chrysler, which in August was purchased from German automaker Daimler (Charts) by U.S. private equity firm Cerberus Capital Management.

Even if a deal is not reached in the next three days, the union might stay on the job on an hour-to-hour basis while talks continue. The union did that for more than a week at General Motors (Charts, Fortune 500) last month before it eventually waged a two-day strike there that was followed by a tentative labor deal. Ford Motor (Charts, Fortune 500) is also in talks with the union on a new labor deal, but the union has not given it a 72-hour notice of the end of its contract extension.

This week, investors will get a closer look at how corporate profits are faring amid the economic slowdown. Dow components Alcoa (Charts, Fortune 500) and General Electric (Charts, Fortune 500) kick off earnings season this week. Alcoa is due to report on Tuesday and GE is set for Friday.

There are relatively few companies set to report Monday and trading volumes could be light due to the Columbus Day holiday that will close Treasury markets and many banks and government offices. But U.S. stock markets will be open. Low trading volumes typically leads to greater volatility in the major indexes.

The largest company set to report results Monday will be YUM Brands (Charts, Fortune 500), which is due to report earnings after the market close. Analysts are forecasting improved earnings at the the fast food retailer, which owns Taco Bell and KFC.

In other corporate news, German software giant SAP (Charts) agreed Sunday to acquire French software maker Business Objects (Charts) in a tender offer valued at more than $6.8 billion.

GlaxoSmithKline (Charts) Monday said it picked Andrew Witty, the president of its European unit, to succeed CEO Jean-Pierre Garnier starting in May. Shares of the British drugmaker slipped 0.8 percent in London trading in morning trading there Monday.

Markets in Asia took cues from Wall Street's rally, with benchmark indexes in South Korea and Shanghai soaring to record highs. The Japanese market was closed for a holiday. In Europe, stocks struggled in morning trading.

Another batch of economic readings will also help determine whether the upbeat sentiment in the stock market holds. Among the most closely watched economic reports will be the minutes from the Federal Reserve's Sept. 18 meeting, due on Tuesday. At that meeting the central bank agreed to cut its benchmark interest rate for the first time in four years.

Oil prices slipped lower Monday as the price dropped below the $81 a barrel mark. Light, sweet crude for November delivery fell 44 cents to $80.78 in trading in Asia.

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Pinnacle
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08-Oct-2007 18:28

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The futures are in RED now. Will be good if able to close flat.

US Futures & Markets Indicators

Dec 2007	Change	Level	Last Update?

S&P 500	-4.20	1566.50	10/8 6:11am
Fair Value		na	10/8 4:19am
Difference*		+1566.50

NASDAQ	-4.25	2166.50	10/8 5:58am
Fair Value		na	10/8 4:19am
Difference*		+2166.50

Dow Jones	-26.00	14130.00	10/8 6:11am

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Pinnacle
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08-Oct-2007 18:25

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Oct 8 (Reuter) - Leading U.S. stock market indexes looked set to open lower on Monday and trading volumes were expected to be light due to the Columbus Day holiday and with diaries void of either corporate results or economic data.

On Friday, the Dow Jones industrial average (.DJI: Quote, Profile, Research) and the broader S&P 500 (.SPX: Quote, Profile, Research) rose to all-time highs after a U.S. jobs report triggered optimism about growth and corporate profits.

At 1000 GMT, futures (DJc1: Quote, Profile, Research) (SPc1: Quote, Profile, Research) (NDc1: Quote, Profile, Research) pointed to the Dow Jones industrial average (.DJI: Quote, Profile, Research), the S&P 500 (.SPX: Quote, Profile, Research) and the Nasdaq Composite (.IXIC: Quote, Profile, Research) opening between 0.2 and 0.3 percent lower.

The indicative Dow Jones index (.DJII: Quote, Profile, Research), which tracks how the Dow stocks are traded in Frankfurt, was 0.3 percent in the red.

U.S. fixed income markets are closed on Monday to observe Columbus Day.

"The (U.S.) equity markets are open but not many people will be trading today," said Heinz-Gerd Sonnenschein, stock markets strategist at Germany's Postbank.

"It could be that the markets will take a breather, relax a bit today," he said.

Analysts said the focus of investors would shift this week to corporate results from macro economic indicators. The quarterly earnings season kicks off in earnest with Alcoa's (AA.N: Quote, Profile, Research) report on Tuesday.

The aluminum maker is expected to post an almost 10 percent rise in third-quarter earnings per share to $0.68, according to Reuters Estimates.

Goldman Sachs said current market consensus for the S&P 500 companies suggested 12 percent net income growth in 2008.

"This in turn suggests profit margins, already at all-time highs by some measures, should continue to rise in 2008," Goldman Sachs said in a research note.

"We expect real GDP (gross domestic product) growth to slow to 1 percent in the first quarter of 2008 ... A further increase in profit margins is hard to reconcile with this forecast," the investment bank said, noting that top-line growth was slowing and unit labour costs seemed to be accelerating due to the less favourable economic environment.

"Mid single-digit (corporate earnings) growth looks more likely, and would imply roughly flat margins for S&P companies," Goldman Sachs said.

On Monday, JPMorgan Chase (JPM.N: Quote, Profile, Research) and Bank of America (BAC.N: Quote, Profile, Research) could be in the spotlight after the Financial Times reported that the two banks are expected to disclose losses of about $3 billion in mortgage securities and leveraged loans when they report earnings later this month.

Eyes might also be on software maker Business Objects (BOBJ.O: Quote, Profile, Research) after news it has agreed to be taken over by German software maker SAP (SAPG.DE: Quote, Profile, Research) for $6.8 billion.

The Paris-listed shares of Business Objects (BOBJ.PA: Quote, Profile, Research) were 17.2 percent higher at 1000 GMT.

On Friday, the Dow closed 0.66 percent higher at 14,066.01 points. The S&P 500 rose 0.96 percent to 1,557.59 points -- a record close. The Nasdaq finished up 1.71 percent.

During the session, the Dow reached an intraday record high of 14,124.54 and the S&P 500 an all-time high of 1,561.91.

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Pinnacle
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08-Oct-2007 09:31

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Investors in the US markets will have plenty to watch out for this week especially from the earnings reporting front although there are a couple of key US macro data/developments to look out for too. Big US companies such as Alcoa and General Electric will report this week. High aluminium prices should be supportive of another strong quarter for Alcoa while conglo GE will report the impact of the subprime-lending woes on its bottom line. According to a Wall Street Journal article last week, Wall Street analysts, on average, expect companies in the S&P 500 to report earnings growth of about 4% yoy in 3Q. But analysts also warned that there are downside surprises, e.g. coming from financial firms who suffered from the subprime/credit-market crunch last quarter.

On the US macro data release front, we have September retail sales, preliminary Michigan consumer-sentiment index for October, September producer and import prices data all out on Friday. But before that, we have the release of the Sept. 18 FOMC meeting minutes (Tuesday). Analysts will be looking at this release closely for any clues about the further direction of US monetary policy. However last Friday?s September employment report suggests that there is still some life in the US labour market. And if the PPI and the import price data hint of inflationary pressures, the US central bank may not cut their target for the federal funds rate at the end of this month. So whether global equities will head higher this week after the record-break run last week may well again be dependent on the news flows. Given how well the global equities have done, it could well be a week for profit taking although the upbeat US September jobs report and the expectations that the much of the bad news already has been priced in may lift stocks to new high.

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mirage
Veteran

08-Oct-2007 08:44

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Dow Jones Industrial Average. INDU (INDEX)

14,066.01

Change:+91.70 +0.66%

Volume:183,543,991

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mirage
Veteran

08-Oct-2007 08:41

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Compare INDU to:

S&P 500

DJIA

NASDAQ

Chart:1D|5D|1Mo|3Mo|6Mo|1Yr|2Yr

Dow Jones Industrial Average. INDU (INDEX)

N/APre-Market After Hours N/AChange: N/A N/AVolume: N/A

14,066.01

Change:+91.70 +0.66%

Volume:183,543,991

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tanglinboy
Elite

07-Oct-2007 11:29

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Bull run next week!

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