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Presented by Michael Hevern
MDSFinancial
See summary below.
General Advice Only
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In this morning s wrap
DOW: up 0.8%
GS: Upgrades Forecasts for S&P500;
SP500 8 Month Highs
NASDAQ: up 0.4%
Apple up 4% on Rosy Report,
IPhone Sales Eclispe IPods; Margins Up
FTSE: up 0.9%
Best Run in 4 Years;
DAX up 1.3% & CAC up 0.9%
NIKKEI: up 2.7%
Broad Rally on Back of GS SP500 Upgraded Forecast
Hang Seng Flat
Oil: up 0.7% ($65)
Expect Profit Taking
Gold: down 0.5% ($945) 5 Week Highs
Commodities Higher;
USD Lower
SPI: Critical Level(s): 3850 to 4050
SPI up 15 (0.4%)
ASX News
NAB Bad debts upto $1.1bn; to raise $2.75bn ($3bn inNov08);
BHP Produnction: June Qtr: Iron ore down 10%; Coal up 4%;Copper down 21%; Petroleum at record levels
HVN Report flat sales/rev
ORI Tough 2H09 still expect profit; paint market slow
LGL to sell Ballarat Mine; Cuts 200 jobs
RBA inflation OK; rates on hold
Reports: W: WOW,BHP,AIO; Thu: PSA, STO; Fri: WPL, SGT
Materials & Energy stocks to lead
Banks to continue
ASX to open higher again 7th day
US & UK positive leads
Tags: ASX News, Business News, Commodities, Crude Oil, Dow, Finance, Share Purchase Plan, shareholders, stock market, trading
