Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
SP500 up 0.7%
Housing Sales Down 3rd Month; Defensives Weigh;
Commodities Stocks Recover
NASDAQ up 0.8%
Fed Inflation Under Control;
21 Month Highs;
Dollar Index: Steady Around 80 Level
US$ Higher;
A$ up 91.93
DOW: up 0.9% (up 65% since Mar 09)
GE, Fedex up 20% Since Feb. Lows
FTSE: up 0.5% Above Resistance
UK: Highest Since Jun 08; Energy & Insurers Up;
EU 25th Mar. Greece; DAX & CAC up 0.5%
CHINA: down 0.7%
China: Bank of China (#3) Quadruples EPS; Google No Censor
Hang Seng up 0.3%
Oil: up 0.1% ($81)
Holds Below Resistance
Gold: up 0.4% ($1103)
Commodities Recover;
Dollar Higher
SPI Futures up 35 or up 0.7% (At Resistance)
Positive Leads
ASX News
RIO Closed Court Trial ends today
FMG may sell major project stakes O/S
Coal China set for record imports
ANZ CEO Mike Smith warns of GFC aftershocks
Banks, Energy and Materials to recover
ASX to open higher
US & UK positive
Tags: ASX News, ASX Top 20, Rio Tinto, shares, stock market, stockmarket, trading
