Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (1215Kb).
General Advice Only
***********************************************
In this morning s wrap
SP500 down 0.2%
Labour Figures Disappoint; Greek Fears Resurface;
Dollar Index: Steady
US$ Lower;
A$ down 88.84
FTSE: up 1.2% – Consolidates?
UK: Financials Led by RBS; Miners Down;
DAX down 1.5% & CAC down 2.1%
CHINA: up 1.3%
China: Property Prices to Correct;
Hang Seng down 0.3%;
Oil: down 2.1% ($78)
Resistance?
Gold: up 0.9% ($1105)
Commodities Lower;
Dollar Lower
SPI Futures up 11 or 0.2% (Support?)
O/S Markets Will Drive Trading
ASX News
IFL profits up sharply
ORG f cast 15% growth in underlying FY profit
TOL shocks with 32% fall in 1H profit; Loses $1bn in market cap.
LLC – $806m capital raising (@$7.70); Net Profit up 1.3%; Upbeat
RHC f cast 18%-20% growth in underlying FY profit; 1H profit up 46%
ANZ saw cash profits up 16% $1.6bn; FY provisions down 35%
Reporting:
Fri AGL, CWN, HVN, QBE,WOW, ANZ (update)
ASX to open flat (Friday closing Options early)
US & UK flat leads
