Rogers: A comprehensive selling U.S. dollars and A stock “only into without out”
Yesterday, the Master of the investment, Rogers on the Asian financial forum sadi without preamble, that the focus of global investment transfered from the West to Asian countries, then his personal investment focus had occurred in the same comprehensive transfer. “I do not optimistic about the dollar, this year’s strategy is a comprehensive short-selling U.S. dollars.” Rogers said.
Citigroup and Morgan stocked up much and oil prices fall much so Rogers has been buying crude oil futures
With the main business downturn, a number of giant multinational banks are trying to find new business opportunities in the crude oil market: While the low oil prices for accumulation of crude oil, they looked forward to the market turning for the better for profit-taking. From Bloomberg news, Morgan Stanley has hired a super-tankers for crude oil reserves in the Gulf of Mexico. Earlier, Citigroup and Royal Dutch Shell and other companies have taken similar initiatives.
Alcoa announced a net loss in the data, said further production cuts may be necessary
[NEW YORK] Alcoa released results after the fourth quarter net loss that, if the demand to remain weak, it will consider expanding the production efforts, and forecast metal prices will continue to decline in 2009. Alcoa previously reported fourth quarter net loss of 1.19 billion U.S. dollars or 1.49 U.S. dollars / share, in the same period in 2007 for a net income of 632 million U.S. dollars or 75 cents / share.
Trade futures: a decrease in demand fell significantly suppressed glod
Economic Information Daily Citigroup is expected to Citigroup (Citigroup Inc.) Fourth-quarter loss than previously expected billions of dollars higher, but the company’s lead independent director, said the banking giant’s board of directors has not been chief executive Vikram Pandit (Vikram Pandit) loss of confidence. U.S. retail shrink significantly, by several decades the most serious decline in consumer spending and drag the debt burden is expected to more than U.S. retailers after the holiday will be filed for bankruptcy protection, thus changing the American business and the overall economic prospects.
Base metals: Copper futures prices fell sharply, draged by the gloomy prospects
(Shanghai Futures Exchange) Copper futures prices fell sharply Thursday. Analysts said that despite a higher premium on the local spot, the gloomy prospects for base metals trigger for investors’ hollow interest.
China’s fuel oil futures settlement goes higher, but market sentiment remains bearish
Hong Kong time (Dow Jones) 1552 – China’s fuel oil futures settlement goes higher, but market sentiment is still bearish. One of the reasons is that investors expect crude oil futures prices may go further lower.
China’s fuel oil futures prices rebound; mentality of the market is cautious
Hong Kong time (Dow Jones) 0946 – China opened fuel oil futures prices rebounded Thursday, with the crude oil futures market rally. Traders will hold cautious attitude, wait and see that after the rebound if the crude oil prices will stabilize, which is analyst of East security and futures, Lin Hui’s view.
Comex gold futures sharply go higher, breakthroughing 870 U.S. dollars / oz by hedgeNew York (Dow Jones) – Gold futures sharply go higher Wednesday, breaking 850 U.S. dollars. In the light of the ongoing financial turmoil, investors evacuate from the stock market and go into the gold market to hedge.
Domestic futures were mixed, Gold futures early trading was limited
All domestic commodities futures trading varieties on September 18th generally go down except maize, oil, gold. The Shanghai Gold futures rose sharply overnight, affecting early trading limit.
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