Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: up 0.7%
Financials & Commodities Recover;
Debt is Still a Dirty Word
Dollar Index: Bounced Off Support
US$ Consolidation
A$ up 91.67
FTSE: up 0.8%
UK: Financials & Resources Recover;;
DAX up 0.6% & CAC up 1.1%
CHINA: down 0.5% – Volatility Continues
China: Rally to extend into 2010 ;
Hang Seng down 0.2%;
Oil: down 0.3% ($71)
Well Below Key $75 Level;
Demand Concerns
Gold: up 1% ($1131) Searches for Support
Commodities Lower;
Dollar Higher
SPI Futures up 26 or 0.6%
Yet to Crack Oct. Highs;
ASX News
Jobs upside surprise now 5.7% unemployment
MTS 50% of Mitre 10 for $55m with option
TCL Future Fund joins $6.8bn bid (price issue $5.25)
Gold Vying for support
Oil Well below key US$75 level
Materials, Banks to recover
Energy to weigh
ASX to open flat to higher
US & UK mixed
Tags: ASX News, Commodity prices, Crude Oil, Dow, stockmarket, trading
