Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (852Kb).
General Advice Onl
***********************************************
In this morning’s wrap…
SP500 up 1.3% – ticks above 1200
Earnings Continue to Support; Financials & Miners Recover;
DOW just above 11,000;
NASDAQ up 1.6%
HP Buys Palm ($US1.2bn) 23% Premium;
Dollar Index: Above 82 Key Level
US$ Lower;
A$ up 93.02
FTSE: up 0.6% – eases
Miners & Financials Recover
DAX up 1% & CAC up 1.4%
CHINA: down 1.1%
China: Concerns Over Small Cap Valuations
Hang Seng down 1.0%;
Oil: up 2.3% ($85)
Demand Concerns Eases
Gold: down 0.3% ($1168)
Commodities Lower;
Dollar Lower
SPI Futures up 39 (up 0.8%)
Overseas European Markets Recover
ASX News
MQG – FY profits up 21%; 1H Net Income rose to $571m from $267m
CTX – drops plan to buy 302 Exxon service stations
BTA – hammered after royalties income down 70%
VBA – Air NZ considering Trans-tasman alliance
FMG – Forrest selling down stake, has to pay $84m in court action.
US Reporting continues this week:
Thu:Conoco; Kelloggs;P&G
Fri:Chevron
ASX – to open higher
US & UK/Europe – recover
Tags: ASX, Crude Oil, gold, stockmarket, trading
