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This morning we have a quick quiz for you. Don’t worry, answers are provided below.
Question 1. What do you get when you own shares in BHP Billiton?
Question 2. What do you get when you own shares in Woolworths?
Question 3. What do you get when you own shares in Qantas?
Answers, in order are - a mining company, a supermarket company, and an airline.
This is all a very roundabout way of saying the global economy is destined to take an even bigger shift across the Pacific towards Asia. The urbanization of Asia nations and growing wealth - remember, they’ve been saving while the West has been spending - of individuals will compensate for lower demand out of North America.
Australia is perfectly placed to benefit. Importantly, Australia actually produces things that industry wants. Correction, that industry needs. Commodity prices may not stay at elevated prices forever. In fact they may fall lower than where they are now.
But the reality remains that the Asian economies are continuing to grow. And their demand for raw materials will grow with it.
| All Ordinaries Id | 3689.20 | |
| S & P/asx 200 | 3742.70 | |
| Nzx 50 Index Gros | 2783.38 | |
| DJIA | 8952.89 | |
| NASDAQ | 1628.03 | |
| S&P 500 | 927.45 | |
| Ftse 100 | 4614.15 |
| Name | Previous Day's Close | % Change |
| All Ordinaries | 3638.90 | - 0.46 |
| S&P/ASX 200 | 3687.00 | - 0.73 |
| Aus Dollar | 71.45 | 0.64 |
| Name | Yesterday's Close | % Change |
| DJIA | 8952.89 | - 0.91 |
| FTSE 100 | 4579.64 | 0.39 |
| Nikkei 225 | 9043.12 | 2.03 |
| Shanghai | 1880.72 | 3.19 |
| CSI 300 | 1882.96 | 3.46 |
| Gold | 858.57 | - 1.81 |
| Crude Oil (BRENT FUTR) | 48.45 | 4.36 |
| Symbol | Name | Price | % |
| PNA | Panaust | 0.17 | +105.88% |
| HFA | HFA Holdings | 0.08 | +42.59% |
| BNB | Babcock & Brown | 0.25 | +31.57% |
| KZL | Kagara Ltd | 0.58 | +25.8% |
| VPG | Valad Property G.. | 0.07 | +18.03% |
| Symbol | Name | Price | % |
| BBI | Babcock & Brown .. | 0.10 | -8.7% |
| BBP | Babcock and Brow.. | 0.10 | -8.7% |
| SGP | Stockland | 3.69 | -8.44% |
| NCM | Newcrest Mining | 31.22 | -7.94% |
| PPT | Perpetual Limite.. | 34.39 |
-7.06%
|
| ECO Quest | ECQ |
| Strzelecki Metals | STZ |
| Castlemaine | CGT |
| CathRx Ltd | CXD |
| Resolute Min | RSG |
| Stirling Res | SRE |
| Date | Release |
| Jan 6 | US Factory Orders (November) |
| Jan 6 | US ISM Services Index (December) |
| Jan 7 | Aus New Home Sales (November) |
| Jan 8 | US Initial Jobless Claims |
| Jan 9 | US Non-Farm Payrolls (December) |