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%
GDP Revision Slightly Better (-5.5% yoy); Job Data Remains Weak; Fed Testimony
NASDAQ: up 2.1%
Oracle Better Results (up 7%);
OECD Positive Forecasts
FTSE: down 0.6%
Materials Stocks See Profit Taking;
DAX down 0.7% & CAC down 0.8%
NIKKEI: up 2.1%
Toyota to Target Global Markets;
Hang Seng up 2.2%
Oil: up 2.2% ($70)
Oil Recovers;
Nigerian Unrest
Gold: up 0.8% ($938)
Commodities Higher;
USD Lower
SPI up 32 (0.8%)
SPI: Critical Level(s): 3850 to 4050
ASX News
QAN cancels 15, 787s orders; defers 15 more orders for 4 years
ABB FIRB OK for $1.6bn Viterra merger
CCL set for record 1H09 profits
Materials stocks likely to lead;
ASX to open higher;
US & UK Positive Direction
30-Jun under a week away; options Settling
Tags: ASX, ASX News, BHP, Crude Oil, Dow, market wrap, stockmarket, trading
