Crucial reporting season ahead
January 28th, 2009 by Lawrence Grasso
Closing Data
| current | change | % | |
|---|---|---|---|
| Dow Jones | 8174.73 | 58.7 | 0.7% |
| NASDAQ | 1504.9 | 15.44 | 1.0% |
| S P 500 | 845.71 | 9.14 | 1.1% |
| FTSE 100 | 4194.41 | -14.6 | -0.3% |
| Nikkei 225 | 8061.07 | 378.93 | 4.9% |
| SPI Futures | 3436 | 60 | 1.8% |
| All Ords | 3,392.00 | 92.1 | 2.8% |
| Oil | 41.67 | -4.83 | -10.4% |
| Gold | 899.5 | -9.3 | -1.0% |
| Silver | 12.175 | 0.065 | 0.5% |
| Aluminium | 1309 | 8.5 | 0.7% |
| Copper | 3330.5 | 49.5 | 1.5% |
| Lead | 1150 | -3 | -0.3% |
| Nickel | 11210 | -395 | -3.4% |
| Tin | 11750 | -285 | -2.4% |
| Zinc | 1131 | -9.5 | -0.8% |
A bounce for beaten-down financials like American Express and Bank of America helped the Dow Jones Industrial Average finish in the green. The Index rose 58.7 points, or 0.72%, to 8174.73, cutting its losses for the year to date to 6.9%. Crude oil futures plunged 9.1% as the market anticipated that oil and fuel inventories would continue to rise due to declining demand. Gold fell $5.70 to USD $897.05.
Australian shares will be flat to slightly weak today, with falls in metal and oil prices expected to pressure mining companies.
LGL
Lihir Gold Ltd the second-largest gold mining company on the Australian Stock Exchange, said fourth-quarter production rose 87% to a record after acquiring mines last year.
Production was 315,484 ounces in the three months ended 31 December 2008, the Port Moresby-based company said today in a statement to the Australian Stock Exchange. That compares with 168,370 ounces a year earlier and an analyst estimate of 278,000 ounces.
WDC
Westfield Group, the world’s biggest shopping-center owner by market value, will write down assets by $3 billion and said earnings may fall this year as US consumers spend less.
Operating profit will probably be 97 cents to $1 a share compared with $1 per share for 2008. The dividend for 2009 will be similar to last year’s full year distribution $1.065.
Contact your Freeman Fox Stockbroker on 07 3031 9960 or 1800 003 369 Ext 7.
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