I just wanted to go through some of the older posts and see how relevant it is at present time... Nice one WayneL
Goldman cuts China 2008 growth forecast to 10 pct
BEIJING, Jan 14 (Reuters) - Goldman Sachs has cut its forecast for Chinese gross domestic product (GDP) growth this year to 10 pct from 10.3 percent to reflect the impact of a recession it expects in the United States.
"Given the significant contribution to growth from net exports, a meaningful slowdown in global demand, triggered by a U.S. recession, would surely have a visible impact on China's growth and corporate profitability," Hong Liang, the investment bank's chief China economist, said in a note issued on Monday.
Goldman now expects net exports to contribute 1.6 percentage points to China's 2008 GDP growth instead of 1.8 points. It estimates that net exports accounted for 3.4 percentage points, or almost a third, of projected 2007 GDP growth of 10.4 percent.
Talk/rumours of both an early 50 bp cut and Bush's US$100 Billion stimulating exercise may be helping to prop the market somewhat...
Cheers
...........Kauri
Jan. 12 (Bloomberg) -- Federal Reserve officials signaled they've shifted their stance in favor of taking out greater ``insurance'' against the increasing risk of recession.
Traders anticipate at least a half-point reduction in the target rate for overnight loans between banks this month, according to contracts quoted on the Chicago Board of Trade.
Odds of 0.75 percentage point of reductions this month jumped to 34 percent, from zero on Jan. 10, futures show. That suggests some investors see the chance of a move before the Federal Open Market Committee meets Jan. 29-30, with an additional cut when it gathers.
http://www.bloomberg.com/apps/news?pid=20601068&sid=aSLg9MitCIH4&refer=economy
well well....
this is surprising, the first time we have green in XAO, LOL
bounce strongly now.
all major banks are green.
bhp, rio also green.
tomorrow will be a good start.
what on earth are you saying? - you are a bear!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
XJO 5min charts - significant double top formation (almost complete) on today's action
I was just looking at last night's after hour trading chart for the SPI and there was a massive spike down then back up again within minutes. There was about 50 points down and up again...
I bet a few ppl would have been stopped out and then again a few ppl would have entered the trade and made an instant 50 odd points in minutes....
Is this why people have been complaining that some CFD brokers are shonks? ie they manipulate the prices to stop you out of a trade, etc?
Fat finger trade??That had nothing to do with the CFD MM. Something happened last night with a huge Futures trade across all Index Futures Asian, US and Europe or a big time Data failure. I think it was around 6:15 last night. I would guess it had something to do with the migration of contracts to the GLOBEX exchange which was happening last night.
Someones Big Bad Black Box blew up?
Fat finger trade??
CME busted the SP/ES trades.
Sure, and they're bound to get fat sitting around in front of a screen all day like that.Have trading Bots got fingers?
crazy index??????
does anyone know why the selling pressure was on our index earlier today. was it just CNP or was there something else?
i have not seen such nervous trading?
The word at sea is that Citigroup will write off 24 $Billion BIG Bucks tonight in the USA and sack 24000 pilgrims
Salute and Gods's speed
January 14, 2008 7:48 AM EST
CNBC is reporting at its website that Citigroup (NYSE: C) could write-off up to $24 billion, related to subprime and CDOs, and lay off 20,000 workers. Citigroup is also reportedly considering a dividend cut.
Citi is also expected to raise up to $15 billion from various foreign entities including Saudi Arabian Prince Alwaleed bin Talal.
The plan is expected to be unveiled on Tuesday when Citi reports fourth quarter results.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?