Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (1008Kb).
General Advice Only
*************************************************
In this morning s wrap
DOW: up 1.3%
US Gov t Debt Auction Performs
Better Than Expected
NASDAQ: up 1.2%
Dell Profits Down, Reports in-line;
Losing Market Share
FTSE: down 0.7%
House Prices to Fall 14%
DAX down 1.4% & CAC down 0.8%
NIKKEI: down 0.1%
Japan: April Retail Sales down 2.9% (8th Month)
Unemployment at 4.9% & Rising
Oil: up 2.6% ($65)
OPEC Meets says Price to Rise ($US75)
(Output on Hold)
Gold: up 1.4% ($961)
Commodities Higher;
USD Lower (4 month Lows)
SPI up 31 (0.8%)
SPI: Critical Level(s): 3850 to 3600
ASX News
AIO Need to refinanace $197m by today
PRY- $256m capital raising (at premium!!!)
ANZ being sued over Opes Prime
Golds to see support
Materials, Financials and Energy to recover
ASX to open higher (options exercise);
US & UK positive
Tags: ASX News, Business News, commodities prices, Dow, oil, stockmarket, trading
