Online Stockmarket Trading Update

Presented by Michael Hevern
MDSFinancial

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General Advice Only
***********************************************
In this morning s wrap

SP500 up 0.7%
Commodities Support Move;
Momentum from Manufacturing data

Dollar Index: Rebound
US$ Flat;
A$ up 90.18

FTSE: up 0.9% – Pop Continues
UK: First Weekly Gain in a Month;
DAX & CAC up 0.6%

JAPAN: up 0.3%
Japan: Economy Improving;Autos & Airlines Weigh
Hang Seng down 0.5%;

Oil: up 2.3% ($79)
Manufacturing Data Supports Price

Gold: up 0.4% ($1123)
Commodities Higher;
Dollar Flat

SPI Futures up 45 or 1% (Resistance?)
Company Earnings Driving Market

ASX News
WES 1H10 strong profits up 1%; Eps beats by 20% on Coles;
ASX 1H10 profit down 2.3%; Rev up 5.7%; profits in 3Q
LGL disappoints due to Ballarat writedowns
AMP 1H profits up 27%- Just below; still after AXA
QAN 1H10 profits down 72%; no interim divy;

Reporting:
Fri BBG, CEY, HTA, PTM, PPX, NAB
ASX to open higher
US & UK positive leads

Tags: BHP, Commodities, Crude Oil, gold, stockmarket, trading

This entry was posted on Friday, February 19th, 2010 at 8:55 am and is filed under Stock Market Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.