Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: up 1.5% (flat for week)
Ford (1Q09 $US1.4bn Loss Better Than Expected)
Reporting Season Mid Point
NASDAQ: up 2.6% (up 1% for week)
Breakout
Microsoft up 10.5%
FTSE: up 3.4% (up 1.3% for week)
Retail Sales Positive Surprise ;
DAX up 1.5% & CAC up 3.6%
NIKKEI: down 1.6%(down 2.2% for week)
BoJ Says Economy to Contract up to 4%
Hang Seng up 0.3%
Oil: down 1% – At $51 (flat for week)
US Dollar Lower
Gold: up 1.1% ($913) (up 4.8% for week)
Commodities Higher;
USD Lower
SPI up 43 (1.2%)
SPI: Critical Levels: 3800 & 3600
Swine Flu at Aussie Doorstep
ASX News
WPL set to raise $1.4bn (from US)
LNN- Kirin offers $4.7bn bid (@$12.22 +47%) for 54% stake
Interim Earnings this week: NAB tomorrow then later in the week ANZ,WBC,MQG
OZL sells Indonesian Martable gold & silver ($296m)
MAP Sydney Airport see fall in traffic, and is to defer $90m projects for 18 months
BTA one to benefit from swine flu out break
Financials to be flat ahead of earnings updates
Golds to support
ASX to open higher; US higher on Ford report
Tags: ASX News, commodities prices, economy, Finance, investors, Market Analyser, Share Purchase Plan, stockmarket, trading
