True to your ID " investorshaila' , you seem to be the most well informed lady investor of this group who tracks all important events having a bearing on stocks
Bharatiya Naari Investor Zindabad
Let us see what this event will do to gold prices
Waiting for Monday may give even better prices as compared to today
This is only a suggestion
Decisions is yours
Cheers
--- In sharetrading@
>
> Hi
>
> Does anyone have a long term shopping list of stocks for investors.
>
> This might turn out to be a good buying opportunity - for stocks with
> domestic consumption stories.
>
>
> Expert view solicited.
>
>
> Shaila
>
> On Thu, Nov 26, 2009 at 8:50 PM, vinod sukhani <vinodsukhani@
>
> >
> > [Attachment(
> > below]
> >
> >
> >
> >
> > Thursday November 26, 05:30 PM [image: Reuters] <http://in.reuters.
> > fails to stem market drop on debt fears
> >
> > By Tamara Walid and Jeremy Gaunt
> >
> > DUBAI/LONDON (Reuters) - Dubai's debt problems shook European banking
> > shares on Thursday despite the emirate's efforts to minimise the impact of a
> > debt restructuring plan at two of its biggest companies that raised fears of
> > default.
> >
> > Banks shares, which had recovered over the last six months on hopes the
> > worst of a global economic crisis was over, fell to lows not seen since May
> > on fears of exposure to Dubai.
> >
> > Dubai, whose extravagant building projects have been largely put on hold
> > since the crisis, said on Wednesday it would ask creditors at flagship firms
> > Dubai World and property developer Nakheel, to delay repayment on billions
> > of dollars of debt.
> >
> > On Thursday, it tried to revive some confidence, by saying its profitable
> > DP World would not be involved in the restructuring.
> >
> > "It might be a move to distinguish the solvent from less solvent companies
> > in an attempt to shift the weight away from the less exposed entities," said
> > John Sfakianakis, chief economist at Saudi Fransi bank.
> >
> > "That doesn't entirely allay market concerns but it could signal the
> > beginning of a restructuring and re-categorisation process."
> >
> > Wednesday's announcement sent the cost of insuring Dubai's debt against
> > default soaring and bond prices tumbling.
> >
> > State-run Dubai World has $59 billion of liabilities, its subsidiary
> > Nakheel said in August, a large proportion of Dubai's total debt of $80
> > billion.
> >
> > BONDS EXTEND LOSSES
> >
> > Nakheel's Islamic bond prices extended losses on Thursday, falling 12
> > points to 72, their lowest level since February, according to Reuters data.
> >
> > The debt, which was originally due to mature on Dec. 14, 2009, traded as
> > high as 110 on Wednesday before the Dubai government said it would ask
> > creditors for a standstill.
> >
> > Dubai's credit defaults swaps are being quoted as high as 500-550 bps, some
> > traders said, while the cost of insuring Qatari and Abu Dhabi debt has also
> > surged since the news.
> >
> > Bahrain's five year CDS jumped 37 basis points to 231.5 bps on Thursday as
> > regional sovereign, but some analysts downplayed the regional fallout.
> >
> > "I would not rush into talking about contagion. Anything from Abu Dhabi or
> > Qatar is backed by serious money. Dubai is a lot more leveraged," said
> > Youssef Affany, a relationship manager at Citi who specialises in the
> > region.
> >
> > "There will be some level of solidarity from the emirates and the big
> > neighbour, Saudi," he said.
> >
> > Analysts expect financial support from deep-pocketed Abu Dhabi, a
> > neighbouring member of the United Arab Emirates, to keep Dubai afloat. But
> > Dubai will most probably have to abandon an economic model that focused on
> > heavy real estate investment and inflows of foreign capital.
> >
> > The announcement appeared to be timed to minimise its impact on regional
> > markets; it came after the stock market shut and just before the eve of the
> > long Eid al-Ad holiday, which will close many firms and government offices
> > in Dubai and the Gulf until Dec. 6.
> >
> > Dubai's economy was hit hard as the global credit crunch over the past year
> > ended a six-year boom in the region and sent the emirate's once-flourishing
> > property sector into decline.
> >
> > Last weekend, the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum,
> > reshuffled the board of the Investment Corporation of Dubai, which manages
> > his wealth, and changed the chief of the Dubai International Financial
> > Center.
> >
> > The reshuffle, which removed boom-era leaders from key positions, was
> > widely seen as a shift towards more conservative stewardship of Dubai's
> > resources.
> >
> > (Writing by Lin Noueihed, editing by Elizabeth Piper)
> >
> > (For more news on Reuters Money visit http://www.reutersm
> >
> >
> > ------------
> > The INTERNET now has a personality. YOURS! See your Yahoo! Homepage<http://in.rd.
> >
> >
> >
>
Happy Trading,
United we grow!!!
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