XJO 0.13% 8,198.2 s&p/asx 200

hctv presents get smart monday, page-4

  1. Zia
    4,156 Posts.
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    Great stuff Stu, although in light of Costa breaking his fast I highly doubt there was no lamb in that yoghurt drink.

    Given the Chinese data and Spanish concerns, gains from the last 2 trading days may be lost this week.

    Friday data had Spanish banks borrowing from the ECB at a record high in March, credit-default swaps rose 17 basis points to 498 yesterday, surpassing the all-time high closing price of 493, according to CMA.

    The yield on Spain's 10-year bonds rose 16 basis points to 5.98%, edging closer to the 7 percent level that pushed Greece, Ireland and Portugal into rescues

    Also on Friday, China said its economy grew by 8.1 per cent in the January-March period, well below the 8.9 per cent annual rate in the last quarter of 2011, but analysts still believed that China is headed for a soft landing as it seeks to control inflation.


    Rio Tinto releases its first-quarter production report tomorrow followed by BHP on Wednesday.

    Good trading all.

 
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