Australian (ASX) Stock Market Forum

*Good News Only Thread - Stocks & Shares*

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With news that growth was at 0.6% it proves the USA are not in recession, and the Greenback is looking to move stronger from here, low as it is of course.
Thought from the UK's Bank of England that sub-prime losses have been overstated, using a 50% loss basis, and will prove to be quite a lot lower.
Dow close over 13,000 is a plus point.
YES! Good news indeed.
 
World stock markets seem to be rebounding now.

All those gold nuts I'm sure are feeling nervous now that gold has dropped to $850 per ounce.
 
Berkshire Hathaway are thought to have US$46 billion available to invest and are thinking of the finance sector.
The good news keeps coming and coming.
 
noirua said:
Berkshire Hathaway are thought to have US$46 billion available to invest and are thinking of the finance sector.
The good news keeps coming and coming.
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Yes, they really are on the prowl, having noted an interest in purchasing two UK insurance companies: Direct line and Churchill Insurance,
These two companies have been put up for sale by the beleaguered Royal Bank of Scotland that was forced to raise A$26 billion a few weeks ago.
 
Good news, particularly for East of Australia. Over $20 billion earmarked for further upgrading of ports and the rail network. This will help the expansion of coal exports and stop the lottery for rail facilities and ships.
 
After the speech by President George W Bush yesterday at the W.E.C., we can expect Saudi Arabia to announce increased oil production.
 
noirua said:
After the speech by President George W Bush yesterday at the W.E.C., we can expect Saudi Arabia to announce increased oil production.
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Well, they didn't increase oil supplies, not at least until September, and this is GOOD NEWS for oil stocks, and probably gold as well.
 
The Aussie is set to rise higher and higher as more cash, US Dollars, pore into Australia. This should be a time of glory and plenty as we power Asia - God bless Australia.
 
Good news all the way for the Aussie coal sector. Semi-soft coking coal looks set to be around US$240 per tonne this time round against US$60 a tonne last year.
 
noirua said:
Good news all the way for the Aussie coal sector. Semi-soft coking coal looks set to be around US$240 per tonne this time round against US$60 a tonne last year.
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Yes, it is coal all the way for 30 years or more and with new technology and use of higher grades of thermal and anthracite it will become more acceptable. THEN, it's uranium and AUSTRALIA all the way.
 
Good news for Australia as mining bails out the economy, set fair, Aussie fair. Dow down over 2%, who cares, as we're on a roll now.
 
I've recently read a couple of reports on the progress of the Chinese economy and when they will take over the US. It's obviously going to happen, just the time frame posed. Whatever the case, Australian being the mine of China, our time will come after the financial services and the world economy (and probably us) get over this correction/recession/bear/crash. You just have to have some money left when the bottom is hit. :eek:
 
ustralia to see thermal coal prices out of the great coal port of Newcastle at around US$200 per tonne

***not finished yet, screen has gone odd, back soon
 
It is good news indeed for Australia to see thermal coal prices out of the great coal Port of Newcastle at around US$200 per tonne.
 
This thread sees only good news and the collapse of IndyMac is a great one. Markets are looking to see a big collapse or 6 in America and Europe, and in 1975 Burmah Oil collapsed, a little bell rang, and the great bull market began.
Added to this thread as well, the wonderful song sung by Fred Astaire and Ginger Rogers: http://www.youtube.com/watch?v=DDXZkBIxso4
 
Further excellent news: Alliance and Leicester Bank, UK mortgage bank, has announced that it is in takeover talks - shares have bounced 50%: UK footsie 100 index is up 80 points: Europe up 1% approx across the board, DAX 0.9%, CAC 1.3%, SMI 1.1%: and The US Treasury has announced support to shore up Freddie Mac and Fannie Mae.

Thoughts though, as UK announce that "factory gate inflation" has risen 10%. Hopefully higher interest rates in Europe and America will hold back the Aussie, good news, certainly.
 
noirua said:
Further excellent news: Alliance and Leicester Bank, UK mortgage bank, has announced that it is in takeover talks -
The Spanish Bank Santander has announced a $2.6 billion takeover of the British Bank, Alliance and Leicester, 50% above the previous closing price. Footsie continues its rise to 93 points as the rest of Europe follows.

Looks like quite a bounce coming tomorrow guys!
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Good News and blue sky ahead. Take no notice of Colin Rudd, who's he anyway, what does he know, anyone would think he was Prime Minister the way he talks, good grief.

The Aussie is weakening, just a bit, and this is good news as all those interest rate rises were overdone - action that brings about recession.
 
Good News continues to arrive, bring it on, as they say. Interest rates are set to fall, inflation set to fall, and the Aussie is set to fall even further. This will help exporters and blunt the importers.
OVERALL, it's good news all the way for Australia.
 
noirua said:
Good News continues to arrive, bring it on, as they say. Interest rates are set to fall, inflation set to fall, and the Aussie is set to fall even further. This will help exporters and blunt the importers.
OVERALL, it's good news all the way for Australia.
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Further good news as the Aussie starts to tank. Exchange tate now A$1.09 to the US$1.00 in London, and A$2.13 to th £1, spot prices by Foremost Group.
 
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