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The market will rebound tonight and HK drive by China market

As I guess earlier, the market will try to move higher based on the news release from the China meeting. However still need to be careful how fast it can go this time.

There are still many hidden problem not yet release.


4 March 2009

US Market
The Dow open at 6765 and close at 6726 –299.64 (-0.55%), the lowest is 6712
Sector performance (% change on day): Financials (-1.57%), Tech (+0.26%), Health Care (-0.22%), Consumer Staples (-0.78%), Consumer Discretionary (-1.14%), Industrials (-1.37%), Energy (+0.26%), Telecom (-1.47%), Materials (+0.62%), Utilities (-3.58%).

The EUR trade at 1.2515 at 5:28 and there is rate decision release tonight.

The GBP trade at 1.4048 at 5:28 and there is rate decision release tonight too.
The CAD cut 0.5% interest rate and the quote at 1.2937 at 5:30pm
The JPY 99.13 at 5:30pm
The Gold price is 915 at 5:30 pm
The Crude Oil March is 42.56 at 5:30pm

Japan Market
The Nikkei open at 7146 and closed at 7290 +61.24(+0.85%)

UFJ closed at 426 +5 (1.18%)
Sumitomo Financial 2980 -5(0.16%)
Fast Retailing closed at 9520 +140(+1.49%)
Canon closed at 2325 -5 (-0.21%)
Toyota closed at 2985 -75(-2.45%)

The JPY is 99.21

HK Market
The HS Index open at 11880 and closed at 12331 +297 (+2.47%) the turnover volume is 449.6 previous 429M
The 005 open at 44.8 and closed at 44.2 with volume 69.93M, Previous 121M.
The 3988 closed at 2.08 and closed at 2.16 with turnover 685M previous 427M
The 1398 closed at 3.01 and closed at 3.18 (+4.95%) turnover 594M previous 393M

China market

The Shanghai Market opened at 2076 and closed at 2198 with volume 1278 M and previous 799 M
The BOC RMB3.5 +9.37%
The ICBC RMB3.83 +4.93%

Release Reports

International –US Time
US – US Time
Wednesday, March 4, 2009
3:45 a.m. ITA: Feb Svcs PMI
3:50 a.m. FRA: Feb Svcs PMI
3:55 a.m. GER: Feb Svcs PMI
4:00 a.m. EU: Feb Eurozone Svcs PMI
4:30 a.m. UK: Feb CIPS Svcs PMI
5:30 a.m. UK: Feb Shop Price Index
8:15 a.m. CAN: Feb Monetary Reserves - US Dollars Monetary Reserves Previous: -1.14B
6:50 p.m. JPN: 4Q Fincl Statements Statistics of Corporations
9:00 p.m. JPN: Feb Imported Vehicle Sales

US Market

Wednesday, March 4, 2009
7:00 a.m. Mortgage Application Refinance Index For Feb 27: Previous: -19.1%.
8:15 a.m. Feb ADP Employment Survey: Expected: -680K. Previous: -522K.
10:00 a.m. Feb Non-Manufacturing Index: Expected: 41. Previous: 42.9.
10:30 a.m. US Energy Dept Oil Inventories For Feb 27
2:00 p.m. Federal Reserve Beige Book

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