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The Market do not have good data to have real support

in US, while the HK market and China are just moving Z shape, I believe the market will try to reach high in early March and close low in month end. The main reasons is the high rate in CDS and more short term notes needs to settle.

Today there is Oil inventory therefore the oil price will became market centre point.


25 Feb 2009

US Market

The Dow open at 7115 and close at 7350 +236 (+3.32%), the lowest is 7120 at 10:24 am
Sector performance (% change on day): Financials (+11.83%), Tech (+3.44%), Health Care (+1.95%), Consumer Staples (+1.87%), Consumer Discretionary (+4.78%), Industrials (+3.27%), Energy (+4.68%), Telecom (+3.00%), Materials (+3.58%), Utilities (+3.45%).

The EUR climbed from yesterday 1.2700 to high 1.2897 and then moving low to 1.2852 at 5:13 pm

The GBP climbed from 1.4375 to 1.4600 today and reach 1.45565 at 5:13pm this afternoon
The CAD touching low to 1.2400 in the morning and reach high 1.2490 and back to 1.2440 at 5:15pm and then climb back to 1.2620 and at 5:56pm the rate is 1.2592

The JPY climbed from yesterday 94.28 to day high at 97.25 and move back to 96.837 at 5:17pm

The Gold price is Feb is 970 at 5:17 pm
The Crude Oil March is 40.04 at 5:17pm

Japan Market
The Nikkei open at 7368 and closed at 7461 +192(+2.62%)

UFJ closed at 445 +16 previous 429
Sumitomo Financial 3120 + 100(+3.31%)
Fast Retailing closed at 9360 previous 9300(+0.64%)
Canon closed at 2505 previous 2355 (+6.36%)
Toyota closed at 3220 previous 3090 +130 (+4.2%)

HK Market
The HS Index open at 12979 and closed at 13005 +206 (+1.616%) the turnover volume is 372M

The 005 closed at 55.1 previous 53.65 (+2.7%) turnover 27.5M

The 3988 closed at 2.13 previous 2.090 +0.04 (+1.914%) turnover 371M
The 1398 closed at 3.29 previous 3.24 +0.05 (+1.1547%) turnover 289M
The 941 closed at 70.45 previous 69.60 +0.85 (+1.221%) Turnover 23 M
The 2823 closed at 9.58 previous 9.63 – 0.05 (0.519%) Turnover 251M
The 904 closed at 4.73 previous 4.63 = 0.100 (+2.16%) Turnover 604K
The 1088 Closed at 16.60 previous 16.16 +0.44 (+2.73%) Turnover 24M

. China market

The Shanghai Market opened at 2222 and closed at 2206 with volume 1317M

The BOC RMB3.23 previous day +0.94%
The ICBC RMB3.71 previous day +0.27%

Release Reports

International –US Time
Wednesday, February 25, 2009
2:00 a.m. GER: 4Q GDP, Detailed breakdown
3:30 a.m. EU: Jan EuroCOIN indicator of euro area economic activity
3:30 a.m. ITA: Feb Business Confidence Survey
4:00 a.m. ITA: Dec Retail Sales
4:30 a.m. UK: Dec Service Sector
4:30 a.m. UK: 4Q GDP Revised Quarterly Expected: -1.6% Previous: -0.6%
4:30 a.m. UK: 4Q GDP Revised Yearly Expected: -1.9% Previous: +0.3%
4:30 a.m. UK: Dec Service Sector
7:01 p.m. UK: CBI Service Sector Survey

US – US Time
Wednesday, February 25, 2009
7:00 a.m. MBA Mortgage Application Refinance Index: Previous: +64.3%.
10:00 a.m. Jan Existing Home Sales: Expected: +0.2%. Previous: +6.5%.
10:30 a.m. US Energy Dept Oil Inventories For Feb 20

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