Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (988Kb).
General Advice Only
************************************************
In this morning s wrap
DOW: up 0.9%
Commodities Recover;
MasterCard up 3%
NASDAQ: up 0.8%
Yahoo to get 88% of its Search Revenue;
FTSE: down 1.9%
Miners & Energy Recover;
DAX up 1.7% & CAC up 2.1%
NIKKEI: up 0.5%
JPY: Qtr Factory Prod n up 8.3% (1953) vs 22.1% Slump
Hang Seng up 0.5%
CHINA: up 1.6%
Oil: up 6% ($67) ( Up 50% YTD)
Economy Stabilising
Gold: up 0.5% ($934) Two Week Lows
Commodities Higher;
USD Lower
SPI: Critical Level(s): 4050 to 4250
SPI up 33 (0.8%)
Commodities Recover
ASX News
LGL 1H09 612,000oz (up 8%), Guidance on-track (1 to 1.2m oz)
Aus – June Home Approvals up 9.3% (vs May -11.3%)
Banks broke key resistance (ANZ/CBA/WBC)
QBE in talks to buy Elders
DMP FY09 profits to be up 30%
Reports: F: PBG(1H) ORG(Q4),ERA(1H)
Materials & Energy stocks to recovery
Banks to rise
ASX to open higher
US & UK surge
End of Month
Tags: Commodities, Dow, Rio Tinto, stockmarket, technical analysis, trading
