Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
SP500: up 1% (flat for Month)
Manufacturing Expands for 7th Month
NASDAQ: up 1.6% (down 0.3% for Month)
Consolidates
Dollar Index: Testing Highs
US$ Higher;
A$ up 90.11
FTSE: up 0.9% (up 3.2% for Month)
Miners & Energy Lead Higher;
DAX up 2% & CAC up 1.6%(down 1% for Month)
CHINA: up 1.2% (up 2.7% for Month)
China: Play Catch up;
Hang Seng up 2.1% (up 2.3% for Month)
Oil: down 1.1% ($79) (up 7% for Month)
Steady Rise for the Month
Gold: flat ($1117) (up 3.5% for Month)
Commodities Lower;
USD Higher
SPI:Critical Level(s): 4500 to 4750 (up 3% for Month)
SPI up 24 (0.5%)
Positive Move Overseas
ASX News
RBA decision 2:30pm today
ABS Jan. Retail Trade Data
MCC roadshow on benefits of GCL t/o
LLC raises $434m high degree of takeup
RIO ups stake in Ivanhoe (Mongolian project)
ASX to open higher
US & UK higher after week of consolidation?
