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Australia bails out economy - Bad.
US bails out economy - Bad.
Europe bails out economy - Bad.
China bails out economy - Good.
Well, not quite. For a start, the AU$849 billion ’stimulus package’ proposed by the Chinese sounds like a lot of money. And it is. It is more than the US government is spending on its TARP initiative to bail out the credit market.
According to today’s Herald Sun shareholders are kicking up a fuss over executive pay. As the paper reports, “Toll [ASX:TOL] chief executive Paul Little received $8.57 million for his options ahead of the share market slump which has seen Toll stock dive.”
The paper also reports that, at the Valad Property Group [ASX:VPG] annual meeting, “76 per cent of shareholders voted down the remuneration report.” Chairman Stephen Day still received a 58% pay rise to $926,000. Nice work if you can get it.
The Valad share price closed yesterday at 7.8 cents, that’s down from the year-ago price of $1.80. That’s not so nice work.
| 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 | 4579.64 |
| 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) |