Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
SP500: up 0.5%
US: Fed to Keep Rates Low;
Dollar Index: New Highs?
US$ Higher;
A$ down 89.45
FTSE: down 1.1%
UK: Looking For Support;
DAX down 0.5% & CAC down 1.3%
CHINA: down 1.1% – Volatility Continues
China: Tightening Money Flow; Asset Bubble Risk!
Hang Seng down 0.4%;
Oil: down 1.3% ($74)
Concerns Over Demand;
US Inventories Up;
Gold: down 1.3% ($1091)
Commodities Lower;
Dollar Higher
SPI Futures up 16 or 0.3%
Access Economics Upbeat on 2010;
Inflation 2.1% at Lower Range
ASX News
BHP RIO JV facing European Regulators
WOW 2Q Sales fall
OSH 4Q Results
PDN 2Q Production up 30%; Shipments to China
CPI up 0.5% Dec Qtr to 2.1%pa
RBA rate rise more likely
Support across the board
Materials & Energy Stocks to Weigh
ASX to open marginally higher
US & UK looking for support (volumes rising)
Tags: ASX News, BHP Billiton, Commodities, Crude Oil, gold price, stockmarket, trading
