ASX200 Stock and CFD Report 27-08-09

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The SFE Futures down 10 points overnight. BHP and RIO in ADR form overnight, down 0.32% and 2.80%. BHP down 1.41% in the UK, RIO down 3.99%. BHP closed at the equivalent of 3788c, down 27c on last night’s close. Metals down - Copper down 0.35%, Nickel down 1.39%, Zinc down 0.22%, Aluminium down 1.82%, Lead down 0.54%  Oil price touch lower down 12c or 0.17% to $71.43 Gold price down 20c to $946 Bonds up - 10 year yield at 3.438% down from 3.450%. A$ down 82.70c versus 83.44c yesterday morning. CRB Commodities index down 0.46% VIX Volatility Index up 0.12% to 24.95 Low volume session.

The Dow went through zero nine times and the S&P 500 20 times. A tiny increase but Dow now up 7 days on the trot. Stronger than expected Durable Goods orders. Headline number higher than expected, ex transport number in line with expectations. Biggest rise in two years up 4.9% versus expectations of 3.0%. Some upgrades to 3rd Q GDP numbers around after the Durable Goods orders. Better than expected New home sales numbers helped homebuilders and DIY retailers higher. 433,000 units against expectations for 390,000. The 9.6% monthon-month jump was the sharpest rise since 2005. The $39bn 5 year note auction went well. 2.494% yield was a bit high but with a 2.51 bid-to-cover ratio and an indirect bidder rate of 56.4%. $28bn of 7 year notes to be auctioned tonight. Not much of a move in commodities. Forex market players reacted to reports of possible curbs to Chinese industrial capacity.

The market is down 12. The SFE Futures were down 10 this morning.

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