Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: down 1% (down 25% FY09)
Consumer Confidence Down (49 vs 55);
Schiller Home Price Index Down 18%
NASDAQ: down 0.5% (down 18% FY09)
Outperforms
FTSE: down 1.1% (down 21% FY09)
Miners & Energy Weigh;
DAX down 1.5% & CAC down 1.8%
NIKKEI: up 1.8% (down 25% FY09)
Japan: Toyota to Boost Production
Hang Seng down 0.8% (holiday)
Oil: Down 2% ($70) (down 50% FY09)
Profit Taking
Gold: down 1.1% ($927) (up 1% FY09)
Commodities Lower;
USD Higher
SPI down 24 (0.6%) (down 23% for FY09)
SPI: Critical Level(s): 3850 to 4050
ASX News
ABS May report for Retail Trade Data/Build. Approvals
PMI – Australian Performance of Manuf. Index
Materials & Energy stocks to see profit taking;
Banks to be weaker
ASX to open lower;
US & UK Weak
New Financial Year
Tags: Commodities, Dow, gold, oil price, shareholders, stockmarket
