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% (up 0.7% for week)
4Q GDP at 5.6%pa; Consumer Discretionary leads;
Energy Weighs; S&P500 19 Month Highs
NASDAQ: down 0.1% (up 0.7% for week)
20 Month High;
Dollar Index: Testing Highs
US$ Higher;
A$ down 90.45
FTSE: down 0.4% (up 1.1% for Week)
Financials Lead Higher; Europe Supports Greece;
CAC down 0.2% (1.5% for week)
Germany: down 0.2% (up 2.3% for Week)
Beneficiary of Weakening US dollar
CHINA: up 1.3% (down 0.3% for week)
China: Hu+ Ruling Today; PetroChina to Spend $US60bn O/S
Hang Seng up 1.3% (down 1.6% for week)
Oil: down 0.7% ($80) (down 0.6% for week)
Backs Off Key Resistance;
Naval Ship Sinks off South Korea
Gold: up 1.1% ($1092) (down 1.4% for week)
Commodities Lower;
USD Higher
SPI:Critical Level(s): 4850 to 5000 (up 1% for week)
SPI flat +2; End-of-Quarter this Week
Profit Taking Overseas
ASX News
Banks – 3 of 4 to sign off 1H results
TLS – senior management restructure to regain from NBN
Reports:
Mon: CSR – court appeal
Tues – Shale/Coal Seam Gas Briefing (3 days); MPO; BPT; Brisbane
Wed: ABS Retail Trade, Aurora EGM (AGO t/o)
Thu: Do not be fooled!!
ABS Int’l Trade in Goods/Services
ACCC – AMP/AXA ruling
RBA – Mar. Commodities Index
ASX – to open flat to lower
US & UK/Europe – continue to swing higher
Tags: ASX News, BHP, commodities prices, Crude Oil, gold, Rio Tinto, stockmarket, trading
