11 Feb 2009
US Market
The US Market open at 8269 and closed at 7888 -381 (-4.62%) The Market open is the high 8269
The market drop heavily because Treasury failed to provide clarity on how it will handle the toxic assets that are driving losses and write-downs on bank balance sheets. Recognition that this part of the plan has yet to be finalized creates an impression that Geithner still doesn't have a complete solution to the situation.
Sector performance (% change on day): Financials (-10.88%), Tech (-4.37%), Health Care (-3.28%), Consumer Staples (-3.24%), Consumer Discretionary (-4.72%), Industrials (-5.37%), Energy (-4.72%), Telecom (-4.79%), Materials (-4.47%), Utilities (-2.99%).
C Closed at 3.35 previous closed 3.95
BAC closed 5.56 previous closed 6.89
GE closed 11.62 previous closed 12.64
AAPL closed 97.83 previous closed 102.51
The EUR trade from the morning low 1.2850 to 1.2985 at 5:02pm
The GBP fell last night high from 1.4888 to 1.4420 at 5:04 pm
The UK Jobless claim and unemployment rate result may impact the GBP and push down to 1.42 direction if the result is worse than forecast.
4:30 a.m. UK: Jan Average Earnings (Ex-Bonuses) Expected: +3.5% Previous: +3.6%
4:30 a.m. UK: Jan Jobless Claimants (Adjusted) Expected: +90000 Previous: +77900
4:30 a.m. UK: Jan Unemployment Rate Expected: 3.8% Previous: 3.6%
5:30 a.m. UK: BoE inflation report
The trade balance report stated the following
4:30 a.m. UK: Dec Global Goods Trade Balance Actual is –3.61B GBP Forecast –4.25B GBP Prevouse –3.975 B GBP
The AUD fell from last night high 0.6737 to morning low 0.64828 . At 5:07 0.65461
The JPY fell fast after the treasury announcement from 91.520 to 89.896 at 5:08
The Crude Oil fell from 41 to 37 last night. At 5:07pm, the price is 38.13 +0.6
The US Short Term Energy Outlook 20 Feb 2009 release stated that
Over the past 6 months, the monthly average price of West Texas Intermediate (WTI) crude oil fell from $133 per barrel in July to $41 in December and January. WTI prices are projected to average $43 per barrel in 2009 and $55 in 2010, unchanged from last month’s Outlook.
For trading Oil ETF, there is UCO and DXO.
The Gold price is 912.80 at 5:09 pm
Japan Market
Having Public Holiday
HK Market
The HS Index open at 13546 and closed at 13539 -341.23 (-2.46%) the turnover volume is 399M previous 420M .
The 005 closed at 59.95 previous 63 (-4.84%) turnover 21.33M previous is 24M
The 3988 closed at 2.11 -0.07 (-3.211%) turnover 485 M previous is 636M
The 1398 closed at 3.57 –0.110 (-2.989%) turnover 224M previous day is 262 M
China market
The Shanghai Market opened at 2230 and closed at 2260.82 with high volume 1723 M previous day 1356M
The BOC RMB3.31 previous day RMB3.29 +0.61%
The ICBC RMB3.95 previous day RMB3.94 +0.25%
Release Reports
International –US Time
Wednesday, February 11, 2009
2:00 a.m. GER: Jan CPI
2:45 a.m. FRA: Dec Balance of payments
4:00 a.m. EU: Jan Long-Term interest rates statistics
4:00 a.m. FRA: Feb IEA Oil Market Report
4:30 a.m. UK: Jan Average Earnings (Ex-Bonuses) Expected: +3.5% Previous: +3.6%
4:30 a.m. UK: Jan Jobless Claimants (Adjusted) Expected: +90000 Previous: +77900
4:30 a.m. UK: Jan Unemployment Rate Expected: 3.8% Previous: 3.6%
5:30 a.m. UK: BoE inflation report
8:30 a.m. CAN: Dec Intl Merchandise Trade - C$ Trade Balance Previous: 1.28B
8:30 a.m. CAN: Dec New House Prices Y/Y Previous: +0.7%
6:50 p.m. JPN: Jan Domestic CGPI (on year) Expected: +0.3% Previous: +1.1%
US – US Time
Wednesday, February 11, 2009
7:00 a.m. Feb 6 MBA Mortgage Application Refinance Index: Previous: +15.8%.
8:30 a.m. Dec Trade Balance: Expected: -36.0B. Previous: -40.44B.
10:30 a.m. Feb 6 US Energy Dept Oil Inventories
2:00 p.m. Jan Federal Budget Balance: Expected: -$87.5B. Previous: -$83.6B.
US Market
The US Market open at 8269 and closed at 7888 -381 (-4.62%) The Market open is the high 8269
The market drop heavily because Treasury failed to provide clarity on how it will handle the toxic assets that are driving losses and write-downs on bank balance sheets. Recognition that this part of the plan has yet to be finalized creates an impression that Geithner still doesn't have a complete solution to the situation.
Sector performance (% change on day): Financials (-10.88%), Tech (-4.37%), Health Care (-3.28%), Consumer Staples (-3.24%), Consumer Discretionary (-4.72%), Industrials (-5.37%), Energy (-4.72%), Telecom (-4.79%), Materials (-4.47%), Utilities (-2.99%).
C Closed at 3.35 previous closed 3.95
BAC closed 5.56 previous closed 6.89
GE closed 11.62 previous closed 12.64
AAPL closed 97.83 previous closed 102.51
The EUR trade from the morning low 1.2850 to 1.2985 at 5:02pm
The GBP fell last night high from 1.4888 to 1.4420 at 5:04 pm
The UK Jobless claim and unemployment rate result may impact the GBP and push down to 1.42 direction if the result is worse than forecast.
4:30 a.m. UK: Jan Average Earnings (Ex-Bonuses) Expected: +3.5% Previous: +3.6%
4:30 a.m. UK: Jan Jobless Claimants (Adjusted) Expected: +90000 Previous: +77900
4:30 a.m. UK: Jan Unemployment Rate Expected: 3.8% Previous: 3.6%
5:30 a.m. UK: BoE inflation report
The trade balance report stated the following
4:30 a.m. UK: Dec Global Goods Trade Balance Actual is –3.61B GBP Forecast –4.25B GBP Prevouse –3.975 B GBP
The AUD fell from last night high 0.6737 to morning low 0.64828 . At 5:07 0.65461
The JPY fell fast after the treasury announcement from 91.520 to 89.896 at 5:08
The Crude Oil fell from 41 to 37 last night. At 5:07pm, the price is 38.13 +0.6
The US Short Term Energy Outlook 20 Feb 2009 release stated that
Over the past 6 months, the monthly average price of West Texas Intermediate (WTI) crude oil fell from $133 per barrel in July to $41 in December and January. WTI prices are projected to average $43 per barrel in 2009 and $55 in 2010, unchanged from last month’s Outlook.
For trading Oil ETF, there is UCO and DXO.
The Gold price is 912.80 at 5:09 pm
Japan Market
Having Public Holiday
HK Market
The HS Index open at 13546 and closed at 13539 -341.23 (-2.46%) the turnover volume is 399M previous 420M .
The 005 closed at 59.95 previous 63 (-4.84%) turnover 21.33M previous is 24M
The 3988 closed at 2.11 -0.07 (-3.211%) turnover 485 M previous is 636M
The 1398 closed at 3.57 –0.110 (-2.989%) turnover 224M previous day is 262 M
China market
The Shanghai Market opened at 2230 and closed at 2260.82 with high volume 1723 M previous day 1356M
The BOC RMB3.31 previous day RMB3.29 +0.61%
The ICBC RMB3.95 previous day RMB3.94 +0.25%
Release Reports
International –US Time
Wednesday, February 11, 2009
2:00 a.m. GER: Jan CPI
2:45 a.m. FRA: Dec Balance of payments
4:00 a.m. EU: Jan Long-Term interest rates statistics
4:00 a.m. FRA: Feb IEA Oil Market Report
4:30 a.m. UK: Jan Average Earnings (Ex-Bonuses) Expected: +3.5% Previous: +3.6%
4:30 a.m. UK: Jan Jobless Claimants (Adjusted) Expected: +90000 Previous: +77900
4:30 a.m. UK: Jan Unemployment Rate Expected: 3.8% Previous: 3.6%
5:30 a.m. UK: BoE inflation report
8:30 a.m. CAN: Dec Intl Merchandise Trade - C$ Trade Balance Previous: 1.28B
8:30 a.m. CAN: Dec New House Prices Y/Y Previous: +0.7%
6:50 p.m. JPN: Jan Domestic CGPI (on year) Expected: +0.3% Previous: +1.1%
US – US Time
Wednesday, February 11, 2009
7:00 a.m. Feb 6 MBA Mortgage Application Refinance Index: Previous: +15.8%.
8:30 a.m. Dec Trade Balance: Expected: -36.0B. Previous: -40.44B.
10:30 a.m. Feb 6 US Energy Dept Oil Inventories
2:00 p.m. Jan Federal Budget Balance: Expected: -$87.5B. Previous: -$83.6B.
Comments
the Oil's price droped very much last night.