Dow Jones Down 14.74 pts
October 14th, 2009 by Lawrence Grasso
Closing Data
| Current | Change | % | |
|---|---|---|---|
| Dow Jones | 9871.06 | -14.74 | -0.1% |
| NASDAQ | 2139.89 | 0.75 | 0.0% |
| S P 500 | 1073.18 | -3.01 | -0.3% |
| FTSE 100 | 5154.15 | -56.02 | -1.1% |
| Nikkei 225 | 10076.56 | 60.17 | 0.6% |
| ASX 200 | 4,786 | 45.8 | 1.0% |
| COMEX Gold - Dec 09 | 1065 | 7.5 | 0.7% |
| COMEX Silver - Sep 09 | 17.84 | 0.02 | 0.1% |
| COMEX Copper - Sep 09 | 279.45 | -6.25 | -2.2% |
| WTI Spot | 74.15 | 0.88 | 1.2% |
| AUD-USD | 0.9089 | 0.0017 | 0.2% |
| Aluminium | 1905.5 | -9.5 | -0.5% |
| Copper | 6282 | 46 | 0.7% |
| Lead | 2301 | 38 | 1.7% |
| Nickel | 18560 | -250 | -1.3% |
| Tin | 15050 | -125 | -0.8% |
| Zinc | 2063.5 | 2.5 | 0.1% |
The Dow Jones Industrials fell 14.74 points, or 0.2 percent, to 9,871.06 over night on the back of worse than expected results from Johnson & Johnson as well as a broker down grade on the banking sector from Meredith Whitney, a well known and respected analyst in the USA.
On the local front Australian stocks should open steady on Wednesday, while gold stocks could have a nice run after bullion prices hit a record $1065 for the December contract. Look for a strong move in Newcrest Mining (NCM) between 2-3 % today followed closely by a similar move in Lihir Gold (LGL). For those clients that have not sold calls over there gold stocks today would be a great opportunity.
Global miner Rio Tinto Ltd (RIO) will be in focus ahead of the release of its third-quarter production report. Some analysts are expecting the company to upgrade its full-year output forecast by 7 percent.
Among other events, vaccine maker CSL Ltd (CSL), rubber glove maker Ansell Ltd (ANN) and electronics retailer JB Hi Fi (JBH) hold annual meetings, while a private consumer confidence index for October will be released at 10:30 a.m.
Contact your Freeman Fox Stockbroker on 07 3031 9960 or 1800 003 369 Ext 7.
Disclaimer
The material in “Market Fox” (newsletter) is of a general nature only and neither purports nor is intended to be regarded as advice. No consideration has been given or will be given to your investment objectives, financial situation or needs. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk. Not all risks can be or will be explained in the newsletter. Previous results are no indication of future results. Actual results achieved in the market can vary considerably. The Directors and Representatives of Freeman Fox Ltd and their associates may hold securities in the companies presented.
The research made available in this newsletter is for your private use only and it is protected by applicable copyright laws and other applicable intellectual property right laws. You may not reproduce, distribute, disseminate, broadcast, sell, publish, circulate or give for free, any of the materials made available to you in this newsletter without first seeking the prior written consent of Freeman Fox Ltd.
Freeman Fox Ltd is not required to update any of the content made available in this newsletter, including but not limited to any research commentary, forecasts, recommendations or other analysis in this newsletter. Therefore, for the avoidance of any doubt, material made available in this newsletter may not be accurate after the date of publication or the date on which it is displayed in the newsletter.
To the extent permitted by law, Freeman Fox Ltd and their respective directors, officers, employees, contractors and agents disclaim all responsibility to you for any loss, liability, claim, expense (including but not limited to legal costs and resultant defence or settlement costs) or damage whatsoever, whether direct, consequential, special, incidental, punitive or indirect (including but not limited to loss of profits, trading losses and damages that result from delay, loss or inconvenience) arising out of or in connection with the content of the newsletter and/or any omissions from the content whether in contract, tort (including negligence), statute or otherwise and even if Freeman Fox Ltd has been advised of the possibility of such damage or loss.
If you require assistance in relation to your personal investment situation, contact an authorised representative of Freeman Fox Ltd.