Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (978Kb).
General Advice Only
************************************************
In this morning s wrap
DOW: up 0.7%
Positive Manufacturing Reoirts;
Schiller Home Price Index Down 18%
NASDAQ: up 0.6%
Chipmakers Lead: Intel up 3%
FTSE: up 2.1%
Miners Lead Recovery;
DAX up 2% & CAC up 2.5%
NIKKEI: down 0.1%
Japan: Toyota Fitch Rating Cut A+ (Annual $5.7bn Loss)
WTO Cuts Trade Forecasts
Oil: Down 1% ($69)
Profit Taking;
Possible Double Top Setup
Gold: up 1.1% ($944) (up 1% FY09)
Commodities Higher;
USD Lower
SPI up 16 (0.4%)
SPI: Critical Level(s): 3850 to 4050
ASX News
BOQ to suffer from Storm Financial litigation
SUN New CEO Patrick Snowball breakup?
China to Accept Iron Ore at Asian Prices (33% disc); watch BHP/RIO/FMG
PMI shows 4 consecutive months of expansion
Materials & Energy stocks to see recovery;
Banks to hold
ASX to open higher;
US & UK positive
Tags: BHP, Business News, Commodities, Dow, economy, Finance, Nasdaq, shareholders, stockmarket
