Tuesday, 30th June 2009 Morning Wrap

June 30th, 2009

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (894Kb).

General Advice Only
*************************************************
In this morning s wrap

DOW: up 1.1%

NASDAQ: up 0.3%
Apple s Chief Returns to Work;
Adobe Shuts Down for a Week

FTSE: up 1.3%
Xstrata s Anglo Offer ($US40bn) Sparks Sector;
DAX up 2.3% and CAC up 2.1%

NIKKEI: down 1%
Japan: Mizuho (#3) to Raise $US6.3bn (after $US6bn loss)
Hang Seng down 0.4%

Oil: up 3.4% ($71) (Flat for Week)
Nigerian Unrest

Gold: Flat ($937)
Commodities Lower;
USD Flat

SPI up 41 (1.1%)
SPI: Critical Level(s): 3850 to 4050

ASX News
LNN Kirin clears last major hurdle
RIO Chinalco to take up rights $US1.5bn
Iron Ore benchmark pricing set to unravel after 40 years
Materials and Energy stocks provide support;
Banks to offer support
ASX to open positively;
US and UK positive lead
30-Jun-09

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