Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: up 0.9%
GM Bankruptcy Imminent; Banks Support;
Reporting Season Mid Point
NASDAQ: up 0.4%
Microsoft: Profit down 32% ($US3bn);
Amazon Profit up 24%
FTSE: down 0.2%
Fears Over Global Banking & Auto Sectors;
DAX down 1.2% & CAC down 0.6%
NIKKEI: up 1.4%
Mizuho (#2 Bank) Qtr Loss $US5.4bn
Hang Seng up 2.3%
Oil: up 3% – At $49
US Inventories Up;
Demand at 2001 levels
Gold: up 1.4% ($906) 3 week high
Commodities Mixed;
USD Lower
SPI up 19 (0.5%)
SPI: Critical Levels: 3800 & 3600
IMF: Aus Economy to Contract 1.4%
ASX News
WPL Qtr production report
JHX cannot pay asbestos compensation (2011)
CTX 1Q09 profit up 11% – sees consolidation
NCM 1Q09 production down 5%; maintains guidance
SEK to raise $100m
Materials & Energy to Weigh
Financials to recover
Golds to recover
ASX to open higher; US higher on AMEX report
Options Expiry Settlement This morning
Tags: ASX News, Commodity prices, Crude Oil, Dow, finance news, Rio Tinto, stockmarket, technical analysis, trading
