Online Stockmarket Trading Update

Presented by Michael Hevern
MDS Financial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1052Kb).

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In this morning’s wrap…

World Indices

DOW up 0.2%

• Financial Sector struggling; Citigroup and Bank of America in the news

• JP Morgan profit down 76%

• Bounces off 8000 level

NASDAQ up 1.5%

• Microsoft job cuts; Yahoo not selling

• Steve Jobs on medical leave

• Volumes up (Options expiring)

FTSE down 1.4%

• Energy stocks down

• HSBC may need further capital

• ECB may cut interest rate below 2% in March

NIKKEI down 4.9%

• Yen continues strong

Commodities
Oil down 5%

• below $40 mark ($34)

Gold down 0.2% ($809)
Silver up 0.4%
Aluminium down 0.9%
Lead up 2%
Zinc flat

Oil stocks index up 0.7%
Gold stocks index up 4.3%
Commodities stocks index up 2%

Local Index
SPI up 19 points overnight

• Below critical 3600 level

ASX News
Caltex reported 30% increase in profit
Woodside halting OceanWay project
BHP & RIO to recover based on ADRs
Short Selling Ban
Gold stocks to recover
Energy to be flat
ASX to open slightly up

Bank of America executives land in the Hudson River

Presented by Michael Hevern
MDS Financial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1233Kb).

**************************************************

In this morning’s wrap…

World Indices

DOW down 0.3%

S&P 500 up

• Recovery by Citi, Financials and Energy

NASDAQ up 0.4%

• Bernanke: Fiscal stimulus not enough

FTSE down 0.6%

• 5th day down

• Barclays down 10%, Lloyds down 5%

• BP and Shell up 1.5%

NIKKEI down 4.7%

• At the next level of support

• Autos and exporters down

Commodities
Oil down 0.6%

• below $40 mark ($38)

• prices recover despite demand and supply

Gold down 0.1% ($822)
Silver up 1.2%
Aluminium flat
Lead up 0.3%
Zinc up 4.7 %
Copper up 3.9%

Oil stocks index up 1.5%
Gold stocks index up 2.5%
Commodities stocks index up 2%

Local Index
SPI flat, still below critical 3650 level

ASX News
Transurban: no to MIG s M7 stake
Alumina dividend revision
Oz Minerals and Rio job cuts
AUD down
Gold stocks and Energy to recover
ASX to open slightly positive