Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
SP500 up 0.4%
CitiGroup Will be consistently profitable -CEO;
Up 70% Since March 09;
NASDAQ up 0.4%
US Trade Deficit Narrows on Lower Imports;
Still Leading The Way;
Dollar Index: Steady Around 80 Level
US$ Lower;
A$ up 91.52
Baltic Dry: Measures Bulk Freight Rates
Rising
FTSE: down 0.4% – Around New Highs
UK: Miners Lower; Manufacturing Shrinking
DAX & CAC down 0.3%
CHINA: up 0.1%
China: Inflation/Exports to Lead to Interest Rate Hike;
Hang Seng up 0.1%
Oil: up 0.3% ($82)
Running Into Resistance?
Gold: up 0.02% ($1105)
Commodities Lower;
Dollar Lower
SPI Futures up 9 or 0.2% (Resistance?)
China Faces 60% Rise in Iron Ore Prices
ASX News
MYR 1H profits up 38% Excl. Float Costs
TLS bounces off 52 week lows
Actives Iron, Coal & Coal Seam Gas Sectors
Banks Big 4 gouging on rates says RBA; Big 4 FY profits expected to be around $20bn
RBA Jan. Credit Card data out today
ASX to open marginally higher. It is Friday
US & UK Steadily Higher
Tags: ASX News, Crude Oil, gold, stockmarket, trading
