Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: down 0.3%
Durable Goods Better (up 1.8%)
Fed Holds Rates
NASDAQ: up 1.6%
Oracle Better Results (up 7%);
OECD Positive Forecasts
FTSE: up 1.2%
Banks & Materials Stocks Led Recover;
DAX up 2.7% & CAC up 2.2%
NIKKEI: up 0.4%
Samsung Wins US LCD Patent Infringement Over Sharp;
Hang Seng up 2.0%
Oil: down 1% ($68)
Oil Fell on Mixed Data
Gold: up 0.4% ($932)
Commodities Higher;
USD Higher
SPI: Critical Level(s): 3850 to 3650
IMF & OECD Say OZ to recover Earlier
SPI up 22 (0.6%)
ASX News
TEN op earnings down 76% (ad revenue down)
NAB Fitch keeps AA rating (after $825m Aviva deal)
LNC ends talks on asset sales with China
ABS ASIC to freeze Eddy s assets
Materials stocks likely to lead;
ASX to open higher;
US & UK Positive Direction
30-Jun under a week away; options expiry
Tags: ASX News, Commodities, Crude Oil, Dow, gold, stockmarket
