Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: down 0.4% (+0.4% for Week)
Dash for Trash: Citi, Freddie & Fannie All up 200+% for Month
NASDAQ: flat (flat for Week)
Intel up on Upbeat Forecasts;
Dell Up as Margins Beat Forecasts
FTSE: up 0.8% (up 3.9% for Week)
Breakout Above Key Level
DAX up 0.6% & CAC up 1.2%
NIKKEI: down 0.4% (+3.0% for Week)
JPY: DPJ Elections Landslide Victory Positive for Stocks;
Hang Seng down 0.7% (down 0.5% for Week);
CHINA: down 2.9% (down 3.3% for Week)
China Inv. Corp. Putting Billions Into Hedge Funds;
Volatility Increasing; Off Lows
Oil: up 0.7% ($73) (down 1.4% for Week)Top of Range
Gold: up 0.7% ($955) (up 0.2% for Week)Commodities Higher;
USD Flat
SPI: Critical Level(s): 4250 to 4450
SPI flat (up 2) (3.8% for Week) Reporting Concludes
ASX News
SHL FY profits down 30%, $775m to spend, Growth 10%-15%
HVN FY Op profit down 15% (vs 1H of -29%), $50m w/offs in Ireland, 6mth Outlook positive
CTX profits beat, D/E 16%, cuts divy
SGM – FY loss $150m (vs profit $440m), EBIT -64% sees improvement
Reports: M: GNS, PPX, Elders
RBA – meets Tuesday
GDP – Wednesday
Materials & Energy stocks to flat
Banks to hold
ASX to open flat
US & UK listless