Jan 25, 2013

The market is up 19. SFE futures were up 16 this morning.

US markets up 46. The Dow was up 100 at best and made another five-year high despite the NASDAQ closing down 0.74%. US initial jobless claims fell by 5000 to 330,000 last week which is the lowest reading since January 2008. The US leading indicator index was up 0.5% in December, beating the forecast of +0.3%. US flash manufacturing came in at 56.1 — the highest reading since May 2010. Gold and US bond yields down. Apple finished down 12.35% to $450.50 on the back of their first quarter earnings they released on Wednesday after market. Microsoft released their quarterly earnings after hours of 76c per share with $US21.46bn in revenue compared to the expected 75c and US$21.53bn in revenue. The share price is currently down 2.24% in after hours trading in the US. Netflix finished up 42.22% to $146.86 after releasing their fourth quarter results that easily beat earnings and revenue estimate. Best sectors — consumer services (+0.7%), health care (+0.7%), financials (+0.5%) and energy (+0.5%). The US two-year bond yield was unchanged at 0.243% and the US 10 year yield was up 2bpts to 1.842%. Metals mixed — copper down 0.11%, nickel down 0.87%, aluminium up 0.09%, Lead up 1.46%. Spot iron ore up 90c to $148.60.

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