Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: up 0.3% (up 3.8% for Week)
Above 9000 (Nov08); CAT up 24% EPS x 3;
Lead by Banks as Short Interest Declines
NASDAQ: down 0.4% (up 5.8% for Week)
12th Day of Gains; Fed: US shows tentative signs of stabilisation
Longest Win Streak Since 1992
FTSE: up 0.4% (up 4.5% for Week)
6 Month Highs; Telecoms Rise; Economy Shrinks;
DAX & CAC down 0.3%(up>4% for Week)
NIKKEI: up 1.7% (up 3.8% for Week)
8th Day of Gains; Electronics Lead; Panisonic (+8.3%), Fujitsu (+4%);
Hang Seng up 0.8%
Oil: up 1% ($68) (up 7% for Week)
3 Week Highs;
Recovery Hopes
Gold: up 0.3% ($953) (up 1.7% for Week)
Commodities Mixed;
USD up
SPI: Critical Level(s): 3950 to 4150
SPI up 26 (0.6%)
(up 2.6% for week)
ASX News
LEI States to Fast track infrastructure projects
VBA – $250m capital raising set to fly(1H09 net loss $101m)
STO Timor Sea Assets sale getting close
NUF t/o spec (SinoChem) early stages
Reports: Mon: ALZ, JHX; Tu: GUD, CPB; W: MQG; Th: AUN,HWI,AXA(1H),LGL (Q2); Fri: PBG(1H) ORG(Q4),ERA(1H)
Materials & Energy stocks to lead
Banks to hold
ASX to open modestly higher
US & UK positive leads
Tags: ASX News, Business News, Commodities, Crude Oil, Dow, stockmarket, trading
