US Markets Closed Down ~120 pts
October 29th, 2009 by Katy Loi
Closing Data
| Current | Change | % | |
|---|---|---|---|
| Dow Jones | 9762.69 | -119.48 | -1.2% |
| NASDAQ | 2059.61 | -56.48 | -2.7% |
| S P 500 | 1042.63 | -20.78 | -2.0% |
| FTSE 100 | 5080.42 | -120.55 | -2.3% |
| Nikkei 225 | 10075.05 | -137.41 | -1.3% |
| ASX 200 | 4,685 | -68.4 | -1.4% |
| COMEX Gold - Dec 09 | 1030.5 | -4.9 | -0.5% |
| COMEX Silver - Sep 09 | 16.24 | -0.3 | -1.8% |
| COMEX Copper - Sep 09 | 293.05 | -6.85 | -2.3% |
| WTI Spot | 78.55 | -1 | -1.3% |
| AUD-USD | 0.8967 | -0.0199 | -2.2% |
| Aluminium | 1928.5 | -52.5 | -2.7% |
| Copper | 6475 | -88 | -1.3% |
| Lead | 2243 | -62 | -2.7% |
| Nickel | 18500 | -400 | -2.1% |
| Tin | 15095 | -415 | -2.7% |
| Zinc | 2241 | -79 | -3.4% |
Overnight the US market was down around 120 points due to an unexpected decrease in new home sales. New home sales fell to a 402,000 unit annual rate in August versus expectation of 440,000. Goldman Sachs also cut its forecast for gross domestic product. The dollar was up against most majors, treasuries gained. Gold futures fell, capping the longest slide since March, as a rally by the dollar curbed demand for the precious metal as an alternative investment. Crude oil fell the most in a month after a government report showed an unexpected increase in U.S. gasoline stockpiles and crude supplies rose to a two-month high.
Australian market seen to open lower today. SPI futures closed down around 80 points this morning, at a 73.1 point discount to XJO close yesterday. Resource stocks may struggle after falls in metals and oil prices. We may see a retreat up to resistance at around 4660 on our index with possible support at 4565.
ANZ year net profit falls 11pct, says credit quality stabilizing.
The bank's Asia Pacific, Europe & America (APEA) region profit after tax increased 81 per cent to $699 million, representing 18.5per cent of group earnings. There was an increase in total credit provisions to $276 million, mainly due to changes to risk grades to reflect the changed economic conditions. ANZ declared a final dividend of 56 cents, taking the total payout for the year to 102 cents. The final dividend was 25 per cent lower than the previous corresponding period.
Retailer Myer's institutional bookbuild closes today.
Also on the calendar, are annual meetings for Toll Holdings (TOL) , AGL Energy (AGK) and Newcrest Mining (NCM).
Consolidated Media Holdings Ltd (ASX:CMJ) says the company is in a good position moving forward with no debt and investments in two of Australia’s best media assets. Chairman John Alexander says the company remains an excellent opportunity for shareholders to gain exposure to the high growth subscription television sector.
Health insurer NIB Holdings Ltd (ASX:NHF) says it is still actively pursuing acquisition opportunities within the industry. Chairman Keith Lynch told shareholders at the company’s annual general meeting that the company is keen to retain sufficient capital strength to take advantage of any investment opportunities that may arise in the short to medium term.
Data to watch for tonight in the US - initial jobless claims data; consensus at 525k, previous at 531k.
Contact your Freeman Fox Stockbroker on 07 3031 9960 or 1800 003 369 Ext 7.
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