Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: up 2.1% – Just Below 10,000
3Q GDP at 3.5% Annualised;
Sparks Recover
Dollar Index: Finds Support
US$ Reveres;
A$ up 91.6
FTSE: up 1.1% (Off 13 Month High)
Banks & Materials Recover;
DAX up 1.7% & CAC up 1.4%;
CHINA: down 2.3%
China: Banks 3Q Profits Up; Sinopec 3Q Income -25%;
Hang Seng down 2.3%;
Oil: up 3.3% ($80)
Oil Recovers
Gold: up 1.7% ($1047)
Commodities Higher;
Dollar Lower
SPI Futures up 81 points (1.8%)
Bounces
ASX News
ANZ FY profit down 11%; outlook banks turn around
BHP Will not see benefits of rebound till mid-2010
Myer IPO price $4.10 lower end of range
LGL on track for 1 to 1.2m tonnes for year
NCM Pursuing acquisition; Gold to stay US$1,000+
MQG – misses
Materials, Energy & Bank all to see recovery
ASX to open higher
US & UK US GDP Surprise
Tags: ASX News, BHP, Crude Oil, stockmarket, trading
