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

Great stuff Stu, although in light of Costa breaking his fast I...

  1. Zia
    4,156 Posts.
    lightbulb Created with Sketch. 284
    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.

 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.