Hutchison should also benefit from news that India is to open up its domestic telecommunications market as the company has been expanding there pretty rapidly
David Harman
Friday's rally was on the government's moves to boost the property market,.. But whatever the government does, the stocks have already moved ahead of the news so it's not surprising that they are being sold off on the news.
government news market property
news market company open india pretty benefit
The market tried to go higher but failed,.. I think sentiment is still fairly good and this is just natural profit taking after such a steep rise.
good market natural profit sentiment rise
Worries about an interest rate rise have virtually disappeared, the consensus is now that the Fed won't raise rates,.. Volume is a bit better than yesterday but most of the buying is in half a dozen stocks. Unless we start seeing a broader rally on more volume we can't be convinced that we're out of the woods yet.
worries start interest woods yesterday rise
After yesterday's sharp rally it's not surprising we are seeing a bit of consolidation but it doesn't look as if it will be too prolonged.
The market has fallen 1,400 points in the last few days so I think we've hit bottom for the time being and should be heading higher
time days market fallen
We're seeing an across the board movement today but the index may have to come down a bit before testing higher levels
today movement testing
We don't know how they are going to pay for it yet so there might be a bit of overhang.
The market's not looking too good,.. It's following Wall Street down. If there's a recovery it probably won't be until the middle of next week.
good wall recovery
But we need to see more volume before the market moves higher.
market
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