Wednesday, 9 January 2013

Alcoa (US Stock) powers Asia market forward

Dear Friends,

As mentioned in last article, Alcoa will kick off the earnings season with its own earnings release. Good start to the earnings season as Alcoa’s shares climbed after hours after it swung to a fourth-quarter profit and said it expects global aluminum demand to grow 7% in 2013, compared with 6% in 2012.

http://www.marketwatch.com/story/alcoa-swings-to-profit-on-lower-expenses-2013-01-08

We pay attention to this aluminium king not only because it is the first major company releasing results. But it also represents the whole of industrial metal industry. Industrial metals are like copper, aluminium, zinc and tin. Wall Street look to this company to know the future of the industry. Wallstreet listens to what the CEO said about the forecasts and projections. Hence it is extra important for us to take note.  

Prices of industrial metals on the rise today:
http://www.bloomberg.com/markets/commodities/futures/metals/


As traders, we should identify the GIANTS who represent that industry and listen to their press conference speech or report. All these info are FREE in US! Probably this piece of news will bring some confidence back to precious metals.

And it gives the earnings season an excellent start. Today the ASIA market goes up because of this news. I anticipate the whole general 4th quarter results from US to be good and better than 3rd quarter. Looking forward to this quarter earnings.

Rgds
Daniel
www.danielloh.com

958访谈9月21日:展望2017年股市与经济:美国联储局都不看好美国经济?

·         美国联储局都不看好美国经济? 道琼斯昨晚闭市在 22412 点,涨了 41 点。 昨晚最大的新闻就是联储局的会议。联储局的主席耶伦讲了几样事情: 1)   第一: 联储局保持利率不变 , 但耶伦也表示今年还会加息一次。 这其实和原本的预测一样...