Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: up 2.1%
100 Days of Obama (and the DOW up 3%);
Chrylser Chapter 11 Tomorrow; 1Q GDP down 6.1%
NASDAQ: up 2.3%
SP500 Companies 68% Beating Profit Forecasts;
Geithner: Proposed Planned Purchase of $1 Trn Toxic Assest to Help Sure up Banks
FTSE: up 2.3%
3 Month High ;
DAX up 2.1% & CAC up 2.3%
NIKKEI: CLOSED
YEN up; Earnings Concerns; Honda Expects 71% Profit Drop;
Hang Seng up 2.8%
Oil: down 0.7% – At $50
US Inventories Down;
Recession Easing?
Gold: down 0.3% ($897)
Commodities Higher;
USD Lower
SPI up 30 (0.9%)
SPI: Critical Levels: 3800 & 3600
ASX News
LGL Controlling Costs; Average price >$900/oz
MAP 1Q09 Earning down 19%; Traffic falls
MQG set to hand down 1st annual profit decline in 17 years
FMG – $644m Hunan Valin; Cuts Productionn 15%
BrisCon D-day installment payment
Materials and Energy to recover
Financials to mixed ANZ disappointed
Golds to recover
ASX to open higher; US Up on Beating Earnings
Tags: ASX News, Commodities, Commodity prices, Crude Oil, stockmarket, technical analysis, trading
