Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
SP500: down 1.7% (flat for Week)
Shortened Week; Ends on Soar Note;
Volumes Light; Financials Weigh
NASDAQ: down 1.7% (down 0.3% for Week)
Backs Off Resistance Again;
Broadly Lower
FTSE: up 1% (down 0.2% for Week)
UK: Recover; Homes Prices Up (17 mths); Banks US$49.5b Loans to UAE ;
DAX & CAC up 1.2% (flat for Week)
NIKKEI: down 3.2% (down 4.6% for Week)
JPY: Tax Rev to Fall; Yen 14 mth Highs; Bankruptcies Feb 10;
CHINA: down 2.4% (up 6.1% for Week)
China: Yuan to Remain Pegged;#1 Gold Producer 310t 2009
Hang Seng down 4.8%(down 5.9% for Week)
Oil: down 2.5% ($76) (down 2.4% for Week)
Troubles in Dubai
Gold: up 0.4% ($1178) (up 2.9% for Week)
Commodities Lower;
USD Hovers
SPI: Critical Level(s): 4500 to 4800
SPI up 37 (0.8%) (down 1.3% for Week)
ASX News
RBA interest decision Tues.(60% says 0.25% rise coming)
OZL Meeting ($800m Cash); now purely Copper
MAP Wants Qantas Sydney Terminal
BHP Japan Coal talks wants indexed pricing
In AGMs today we see Harvey Norman, Valad, Goodman Group, ING Office Fund, David Jones, Seek, Progen, Polaris Metals, Drake Resources, Warwick Resources, Straits Resources.
Materials, Banks & Energy to hold to weaker
ASX to open higher
US & UK US negative close shortened week
Tags: ASX News, BHP, Business News, Commodities, gold, stockmarket, trading
