Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
SP500 up 0.1%
Resistance Despite Good Job & Services Data; M&A Activity
Dollar Index: Below 80 Level
US$ Lower;
A$ up 90.54
FTSE: up 0.9% – Swings Higher
EU, IMF welcome Greek $US6.5bn Fiscal Initiatives;
DAX & CAC up 0.7%
CHINA: up 0.8%
China: Growth to Slow – 3rd Richest Man; 2012 Debt to be 96% of GDP;
Hang Seng down 0.2%;
Oil: up 1.3% ($81)
Accumulation
Gold: up 0.2% ($1139)
Commodities Higher;
Dollar Lower
SPI Futures up 8 or 0.2% (Resistance?)
Swings Higher
ASX News
Rates Interest rates are up 0.25% for all Big 4
WSA Seeking JV partner(s) for Finland project
Upgrades Credit Suisse: BHP, RIO, FMG, CEY, BSL
Gold LGL, NCM playing catchup with spot price
ABS iron ore sales to be up 20% 2010
GDP Dec Q up 0.9%; FY upgrade 2.7% (vs 2.4%)
ASX to open marginally higher
US & UK Europe positive lead; US flat
Tags: ASX News, Business News, Crude Oil, gold, stockmarket, trading
