ASX200 Stock and CFD Report 17-8-09

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The SFE Futures down 27 points overnight. BHP and RIO in ADR form overnight, down 3.24% and 2.79%. BHP down 2.33% in the UK, RIO down 2.22%.  BHP closed at the equivalent of 3794c, down 32c on last night’s close. Metals much weaker - Copper down 2.07%, Nickel down 4.96%, Zinc down 4.51%, Aluminium down 3.45%, Lead down 4.33%, Oil price down 4.46% or $3.01 to $67.51 Gold price down $7.80 to $949, Bonds up - 10 year yield at 3.558% down from 3.591%. A$ down to 82.97c versus 84.21c yesterday morning. CRB Commodities index down 2.88%. VIX Volatility Index down 1.78% to 24.27

S&P 500 fell for the first time in five weeks - compares to the ASX 200 up 3.76% lead by the banks up 6.9%. S&P still just above 1,000 at 1,004.  Low volume day and a very narrow trading range for most of the day - see chart. Consumer sentiment numbers weaker than expected and hit their lowest index reading since March. On the back of that the oil price fell 4%. Metals down on reports that Chinese copper imports had fallen by 15% in July (although the June figure was a record). CPI numbers in line with expectations. Core CPI unchanged compared to consensus expectations for a 0.1% rise. Industrial production a bit better than expected. First gain in nine months. Materials sector (resources) the worst of the bunch down 2.7%. Retailers down 1.7% after JC Penney fell 6% on results.

The market is down 39 this morning. The SFE Futures were down 28 this morning. Japan’s economy grew for the first time in five quarters. Its real GDP grew 0.9% in April-June from the previous quarter, an annual increase rate of 3.7%. Enough to have the NIKKIE up 0.76% this morning against the trend. Commonwealth Bank (CBA) has gone ex dividend 115c today.

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