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07-Dec-2006 21:37	Others / Dow Go to Message
x 0 x 0	Shiok! U.S. weekly jobless claims down sharply after big runup By Greg Robb Last Update: 8:30 AM ET Dec 7, 2006 WASHINGTON (MarketWatch) - The number of new filings for state unemployment benefits declined sharply in the latest week, reversing a large increase in the previous week, the Labor Department said Thursday. Initial jobless claims fell by 34,000 to 324,000 in the week ended Dec. 2. The drop was in line with economists forecasts. Claims rose a revised 35,000 to 358,000 in the previous week, compared with the initial estimate of a rise of 34,000 to 357,000. This was the highest level of claims in over a year. The volatility in claims is typical around holidays, a Labor Department official said. The four-week average of initial claims, which smoothes out weekly noise and distortions in the data, rose 3,500 to 328,750. This is the highest level since May. The number of people collecting state unemployment benefits over the past four weeks rose by 57,000 to 2.52 million in the week ended Nov. 25. This is the highest level since January. ------------
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07-Dec-2006 21:04	Others / Dow Go to Message
x 0 x 0	Wonder of US market should be 'shioked' after this rate hike news just out from Europe ... -------------------- European Central Bank lifts key rate a quarter point - Raises interest rate to 3.5% from 3.25% as European growth accelerates By Steve Goldstein, MarketWatch Last Update: 7:45 AM ET Dec 7, 2006 LONDON (MarketWatch) -- The European Central Bank on Thursday made its sixth interest-rate hike in a year, lifting its base rate by a quarter point as the European economy continues to accelerate. The bank's concerned there's too much money around for companies and consumers to spend. The ECB, in a well-choreographed move, lifted its key interest rate to 3.5% from 3.25%. The central bankers in Frankfurt, who unlike their Federal Reserve counterparts are keen watchers of money supply, are acting as the money supply is rising at an 8.5% rate. The ECB, which sets rates for countries that use the euro as their currency, favors growth closer to 4.5%. With money supply on the rise, the ECB is acting even as annualized inflation at 1.8% is below its target of near 2%. The central bank has room to act due to the strong European growth. Polls of business confidence support that notion. A combined measure of manager sentiment in the European manufacturing and services sectors rose to 57.6 in November from 57.3 in October, according to NTC Research. Any number above 50 indicates economic expansion. That poll also showed that employment is growing at the fastest pace in five months, which is crucial to consumer confidence, as the German unemployment rate stands above 10% and France's is just below 9%. Traders will be looking for new forecasts on inflation and economic growth that could come out. "The meeting today could, in our opinion, be one of the most important of the year, for the ECB will also publish its updated projections for growth and inflation which will shape expectations for monetary policy next year," said Kenneth Broux, an economist for Lloyds TSB Financial Markets. The ECB has previously forecast 2007 growth between 1.6% and 2.6%, with inflation between 1.9% and 2.9%. Comments on the strength of the euro and next year's value-added tax hike in Germany also will be scrutinized at the post-decision press conference, due to start at 8:30 a.m. Eastern. ECB President Jean-Claude Trichet hasn't shown much concern with the euro's appreciation -- so far at least. The head of the Dutch central bank, Nout Wellink, also hasn't been too concerned. Reports have suggested that the ECB would get uncomfortable if the euro would reach the $1.40 level against the U.S. dollar. Thursday morning, the euro was trading at $1.3289. --------
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07-Dec-2006 07:23	Others / Dow Go to Message
x 0 x 0	Dow down 0.2% and Nasdq down 0.3% .... A minor dip last nite in wait for tonite & 2molo's load of heavy-duty economic data! ----------------- MARKET SNAPSHOT U.S. stocks close lower as rally takes a break Dearth of economic data allows some profit-taking; GM, Merck, Yahoo weigh By Nick Godt, MarketWatch Last Update: 4:39 PM ET Dec 6, 2006 NEW YORK (MarketWatch) -- U.S. stocks closed lower Wednesday as the market took a break from its recent advance, with Yahoo Inc. in focus after a management shakeup and Merck & Co. Inc. shares down after a lukewarm forecast. "We've had a pretty good rally and have seen new highs, so we may need to catch our breath today," said Steve Goldman, chief market strategist at Weeden & Co. The Dow Jones Industrial Average dropped 22 points to close at 12,309. General Motors Corp. weighed on the blue-chip average, losing 2.5%, after Fitch Ratings said the auto industry is headed for a "turbulent" 2007. Dow-component Merck, also weighed, falling nearly 1% after the drug maker reaffirmed its flattish earnings forecasts for 2006 and slightly higher earnings for 2007. The S&P 500 dropped nearly 2 points to 1,412 and the Nasdaq Composite lost over 6 points to 2,445. Shares of Yahoo Inc. fell 2.1%. Late Tuesday the internet portal announced the departures of Chief Operating Officer Dan Rosensweig and Lloyd Braun, who heads the media group, overseeing content. See full story. The shake-up follows growing concern about the direction of the Sunnyvale, Calif.-based company over the past two years, which have seen Yahoo fall further behind Google Inc. The banking sector was also weighing after HSBC Holdings Plc said that revenue growth has slowed due to reduced lending and mentioned that loan delinquencies have increased in the U.S. See full story. HSBC shares fell nearly 1%. Trading volume was 1.5 billion shares on the New York Stock Exchange and 1.9 billion on the Nasdaq. Decliners beat advancers 19 to 15 on the Big Board and 16 to 13 the Nasdaq. ------------ "We've had a pretty good rally and have seen new highs, so we may need to catch our breath today," said Steve Goldman, chief market strategist at Weeden & Co. The Dow Jones Industrial Average dropped 22 points to close at 12,309. General Motors Corp. weighed on the blue-chip average, losing 2.5%, after Fitch Ratings said the auto industry is headed for a "turbulent" 2007. Dow-component Merck, also weighed, falling nearly 1% after the drug maker reaffirmed its flattish earnings forecasts for 2006 and slightly higher earnings for 2007. The S&P 500 dropped nearly 2 points to 1,412 and the Nasdaq Composite lost over 6 points to 2,445. Shares of Yahoo Inc. fell 2.1%. Late Tuesday the internet portal announced the departures of Chief Operating Officer Dan Rosensweig and Lloyd Braun, who heads the media group, overseeing content. See full story. The shake-up follows growing concern about the direction of the Sunnyvale, Calif.-based company over the past two years, which have seen Yahoo fall further behind Google Inc. The banking sector was also weighing after HSBC Holdings Plc said that revenue growth has slowed due to reduced lending and mentioned that loan delinquencies have increased in the U.S. See full story. HSBC shares fell nearly 1%. Trading volume was 1.5 billion shares on the New York Stock Exchange and 1.9 billion on the Nasdaq. Decliners beat advancers 19 to 15 on the Big Board and 16 to 13 the Nasdaq. ------------
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06-Dec-2006 23:23	Others / Dow Go to Message
x 0 x 0	Ahhh, recovering now ..... Dow down 1 point and Nasdaq down 3 points. Should be a rest day today. Looks like Dow want to attemp a record high to nite?
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06-Dec-2006 23:09	Others / Dow Go to Message
x 0 x 0	Dow down 19 points and Nasdaq down 11 points .... A healthy rest day for US market tonite after the recent chiongs. Me go zzz to rest too. HeeHee! ------------------ MARKET SNAPSHOT U.S. stocks sag at the opening Pause expected after two-day rally; Merck, Yahoo weigh By Leslie Wines, MarketWatch Last Update: 10:02 AM ET Dec 6, 2006 NEW YORK (MarketWatch) -- U.S. stocks opened lower Wednesday, in a pause from the market's recent advance, with Yahoo Inc. in focus after a management shakeup and Merck & Co. Inc. weighing after a lukewarm forecast. ----------- -----------
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06-Dec-2006 22:36	Others / Dow Go to Message
x 0 x 0	Opening bells liao .... US market opening reddish FLAT. Dow down 5 points and Nasdaq down 8 points now.
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06-Dec-2006 22:18	Others / Dow Go to Message
x 0 x 0	Haha!! Thanks ya, iPunter .... --------------- MARKET SNAPSHOT U.S. stocks to sag at the opening The latest ADP report shows strong jobs creation last month By Leslie Wines, MarketWatch Last Update: 9:01 AM ET Dec 6, 2006 NEW YORK (MarketWatch) -- U.S. stocks are set to open under a bit of pressure Wednesday, in a pause from the market's recent advance, with Yahoo Inc. in focus after it announced a management shakeup. The futures contract for the Dow Jones Industrial Average last was down 18 points at 12,330. Futures contracts for the S&P 500 and the Nasdaq 100 were 2.40 points lower at 1,414.30 and 6 points off at 1,802. On Tuesday stocks posted strong gains after new data showed a pleasing combination of services sector growth and weaker-than-expected inflation. Investors are likely to step back and assess the recent vigorous rally when the market opens on Tuesday. "We've had a pretty good rally and have seen new highs, so we may need to catch our breath today," said Steve Goldman, chief market strategist at Weeden & Co. "But I still think stocks are going to find support on minor pullbacks and that the year will end on an up note." There was scant reaction to the latest ADP data which measures private employment. The report showed that 158,000 new jobs were created last month, marking the largest gain since June. Together with an estimated 15,000 government jobs that aren't included in the ADP index, the report suggests non-farm payrolls likely grew by about 170,000 in November. The report arrived ahead of Friday's much-awaited monthly unemployment report. The MarketWatch forecast, based on a survey of economists, is that the report that just 110,000 new jobs were created last month. But the ADP report suggests that figure is too conservative. MarketWatch also is forecasting that the jobless rate will rise a bit to 4.5% from 4.4%. Wage inflation is expected to decline to a 0.3% rate of increase from 0.4% in October, a development that would please the market because it would take some of the pressure of the Federal Reserve to lift rates. --------- The futures contract for the Dow Jones Industrial Average last was down 18 points at 12,330. Futures contracts for the S&P 500 and the Nasdaq 100 were 2.40 points lower at 1,414.30 and 6 points off at 1,802. On Tuesday stocks posted strong gains after new data showed a pleasing combination of services sector growth and weaker-than-expected inflation. Investors are likely to step back and assess the recent vigorous rally when the market opens on Tuesday. "We've had a pretty good rally and have seen new highs, so we may need to catch our breath today," said Steve Goldman, chief market strategist at Weeden & Co. "But I still think stocks are going to find support on minor pullbacks and that the year will end on an up note." There was scant reaction to the latest ADP data which measures private employment. The report showed that 158,000 new jobs were created last month, marking the largest gain since June. Together with an estimated 15,000 government jobs that aren't included in the ADP index, the report suggests non-farm payrolls likely grew by about 170,000 in November. The report arrived ahead of Friday's much-awaited monthly unemployment report. The MarketWatch forecast, based on a survey of economists, is that the report that just 110,000 new jobs were created last month. But the ADP report suggests that figure is too conservative. MarketWatch also is forecasting that the jobless rate will rise a bit to 4.5% from 4.4%. Wage inflation is expected to decline to a 0.3% rate of increase from 0.4% in October, a development that would please the market because it would take some of the pressure of the Federal Reserve to lift rates. ---------
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06-Dec-2006 22:04	Others / Dow Go to Message
x 0 x 0	Anyone can post on the Dow, yes.... but there's nothing like the 'Billywow touch'. Keep up the good work. :)
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06-Dec-2006 21:57	Others / Dow Go to Message
x 0 x 0	US market to open Down .... No la, iPunter, anyone can post US market. I may need to go holiday like S'poregal one day too. With only the oil stock data to be out tonite, oil-related counters will be affected due to expected excess oil stock. ----------------- INDICATIONS U.S. stock futures point to weak open ADP index suggests strong Nov. job market; Yahoo in the spotlight By Steve Goldstein & Tomi Kilgore, MarketWatch Last Update: 8:34 AM ET Dec 6, 2006 LONDON (MarketWatch) -- U.S. stock market futures pointed to opening losses Wednesday, with energy inventory data, Yahoo's management shake-up and a disappointing outlook from Novell set to be market themes. Data suggesting the labor market may have been stronger-than-expected in November limited the downside. S&P 500 futures slipped 2.70 points to 1,414.00 and Nasdaq 100 futures lost 6.00 points to 1,802.00. Dow industrial futures shed 15 points to 12,333. On Tuesday, the Dow industrials advanced 47 points -- closing 11 points shy of an all-time high -- the Nasdaq Composite rose nearly 4 points and the S&P 500 ended 5.6 points higher at a 6-year high. Data showing services sector growth and weaker-than-expected inflation lifted stocks. Private employers in the U.S. created 158,000 new jobs in November, according to the ADP employment index, the largest gain since June. Including an estimated 15,000 government jobs that aren't included in the ADP index, the report suggests nonfarm payrolls likely grew by about 170,000 in November. Economists surveyed by MarketWatch expect the Labor Department to report on Friday a gain of 110,000 nonfarm jobs. The U.S. dollar rose following the release of the ADP index. The euro was down 0.4% at $1.3263 and the buck added 0.1% vs. the yen to 115.07. Investors are also likely to focus on weekly energy supplies data. Crude futures were down 27 cents at $62.16 a barrel in electronic trading ahead of those figures, due out around 10:30 a.m. Eastern (S'pore 2330hrs). ----------------- Data suggesting the labor market may have been stronger-than-expected in November limited the downside. S&P 500 futures slipped 2.70 points to 1,414.00 and Nasdaq 100 futures lost 6.00 points to 1,802.00. Dow industrial futures shed 15 points to 12,333. On Tuesday, the Dow industrials advanced 47 points -- closing 11 points shy of an all-time high -- the Nasdaq Composite rose nearly 4 points and the S&P 500 ended 5.6 points higher at a 6-year high. Data showing services sector growth and weaker-than-expected inflation lifted stocks. Private employers in the U.S. created 158,000 new jobs in November, according to the ADP employment index, the largest gain since June. Including an estimated 15,000 government jobs that aren't included in the ADP index, the report suggests nonfarm payrolls likely grew by about 170,000 in November. Economists surveyed by MarketWatch expect the Labor Department to report on Friday a gain of 110,000 nonfarm jobs. The U.S. dollar rose following the release of the ADP index. The euro was down 0.4% at $1.3263 and the buck added 0.1% vs. the yen to 115.07. Investors are also likely to focus on weekly energy supplies data. Crude futures were down 27 cents at $62.16 a barrel in electronic trading ahead of those figures, due out around 10:30 a.m. Eastern (S'pore 2330hrs). -----------------
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06-Dec-2006 20:51	Others / Dow Go to Message
x 0 x 0	Awaiting the arrival of Billywows, our resident Dow commentator and bringer of good tidings for the day ahead..
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06-Dec-2006 07:07	Others / Dow Go to Message
x 0 x 0	most of the time STI anticipate what DOW will perform and react accordingly, but currently is in santa rally, should be end by end of next week.
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06-Dec-2006 07:06	Others / Dow Go to Message
x 0 x 0	US market closed GREEN last nite (again) ..... Shiok! (again) :) ---------------- MARKET SNAPSHOT U.S. stocks boosted by economy news Markets act on muted inflation pressure, service-sector growth By Nick Godt, MarketWatch Last Update: 4:40 PM ET Dec 5, 2006 NEW YORK (MarketWatch) -- U.S. stocks closed higher on Tuesday after data showed service-sector growth improving in November, while inflation was weaker than expected in the third quarter, fueling hopes of a soft landing for the U.S. economy. The Dow Jones Industrial Average gained 47 points to close at 12,331, just off its intraday high of 12,335 and slightly below its *all-time closing high of 12,342.* Coca Cola Co. was the biggest gainer among blue chips, rising 2.5% to $48, a 2 1/2-year high, after Merrill Lynch raised its price target on the stock to $51 from $48. The S&P 500 Index rose 5 points to 1,414, and the Nasdaq Composite Index gained 4 points to 2,452. After a mixed opening, stocks turned positive after the Institute for Supply Management's survey of the service sector showed better than expected growth. Last week, the ISM manufacturing survey showed that the sector had contracted in November, sparking fear of a so-called hard landing for the U.S. economy. "We are a service-sector economy," said Paul Mendelsohn, chief investment strategist at Windham Financial Services. "This supports the idea that we can avoid a recession," he said, although "the big number will be the [November] employment report on Friday." Overall, the strategist believes that the market remains in the middle of a Santa Claus rally, which traditionally takes stocks higher through the end of the year. Few money managers want to cash in their gains in December, as their clients would then have to pay taxes on them in April of next year. If they wait until Jan. 1, taxes on those gains won't have to be paid until April 2008. "The market doesn't seem to care, even when we get bad economic data," Mendelsohn added. "I'm blown away by the power of this rally, in spite of the inverted yield curve and the economy deteriorating." -------------- The Dow Jones Industrial Average gained 47 points to close at 12,331, just off its intraday high of 12,335 and slightly below its *all-time closing high of 12,342.* Coca Cola Co. was the biggest gainer among blue chips, rising 2.5% to $48, a 2 1/2-year high, after Merrill Lynch raised its price target on the stock to $51 from $48. The S&P 500 Index rose 5 points to 1,414, and the Nasdaq Composite Index gained 4 points to 2,452. After a mixed opening, stocks turned positive after the Institute for Supply Management's survey of the service sector showed better than expected growth. Last week, the ISM manufacturing survey showed that the sector had contracted in November, sparking fear of a so-called hard landing for the U.S. economy. "We are a service-sector economy," said Paul Mendelsohn, chief investment strategist at Windham Financial Services. "This supports the idea that we can avoid a recession," he said, although "the big number will be the [November] employment report on Friday." Overall, the strategist believes that the market remains in the middle of a Santa Claus rally, which traditionally takes stocks higher through the end of the year. Few money managers want to cash in their gains in December, as their clients would then have to pay taxes on them in April of next year. If they wait until Jan. 1, taxes on those gains won't have to be paid until April 2008. "The market doesn't seem to care, even when we get bad economic data," Mendelsohn added. "I'm blown away by the power of this rally, in spite of the inverted yield curve and the economy deteriorating." --------------
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06-Dec-2006 00:17	Others / Dow Go to Message
x 0 x 0	Dow up 22 points, while Nasdaq up 4 points now. No more data for tonite. US market should close greenish flat ....
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06-Dec-2006 00:09	Others / Dow Go to Message
x 0 x 0	Hoseh liao loh. tmk STI may not correct or not as much. BAsically i dun like to comment STI becoz we are always caught by DOW.. DOW overite STI anyday..
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05-Dec-2006 23:23	Others / Dow Go to Message
x 0 x 0	Let the Dow be the wise judge. The Dow knows best. The Dow is not afraid of any 'conflicting reports'. It's verdict is final! :)
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05-Dec-2006 23:18	Others / Dow Go to Message
x 0 x 0	One data positive and the other one negative ....... Clashes of the US market! But ISM winning: Dow up 33 points while Nasdaq up 8 points now. Happy can closed flat tonite liao .... ----------- U.S. Nov ISM services index rises to 58.9, highest since May By Greg Robb Last Update: 10:07 AM ET Dec 5, 2006 WASHINGTON (MarketWatch) -- Nonmanufacturing sectors of the U.S. economy expanded at a faster pace during November, the Institute for Supply Management reported Tuesday. The ISM nonmanufacturing index rose to 58.9% from 57.1% in October. This is the highest level since May. The increase surprised forecasts. Economists were looking the index to dip to 55.8%. The headline index is not a weighted average of the survey's other key components. New orders rose to 57.1% from 56.5%. The employment index rose to 51.6% from 51.0%. -------------------- U.S. Oct. factory orders fall 4.7% By Robert Schroeder Last Update: 10:00 AM ET Dec 5, 2006 WASHINGTON (MarketWatch) -- Orders for U.S. factory goods fell by 4.7% in October, the latest evidence of contraction in the factory sector, the Commerce Department said Tuesday. Excluding transportation, however, orders for U.S.-made factory goods fell by 0.8%. Taking out orders for defense goods, orders fell by 3.6% in October. It was the biggest overall drop in factory orders since July 2000. --------------
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05-Dec-2006 23:17	Others / Dow Go to Message
x 0 x 0	Can our fear cause the market to abandon it's upward march? :)
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05-Dec-2006 23:08	Others / Dow Go to Message
x 0 x 0	2302hrs: Nov. ISM services highest since May 2301hrs: U.S. Nov. ISM services above consensus 55.8% 2301hrs: U.S. Nov. ISM services 58.9% vs 57.1% in Oct.
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05-Dec-2006 23:06	Others / Dow Go to Message
x 0 x 0	Yeah .... look at the spikes in both charts below after 2300hrs!!!!! Scary but shiok! US market is so fun watching ya.
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05-Dec-2006 22:56	Others / Dow Go to Message
x 0 x 0	US market flat now cos all waiting for the ISM & Factory data to be out in 4 minutes! See the fast hike or dive after 2300hrs from below charts! DOW NASDAQ
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