Online Stockmarket Trading Update

Presented by Michael Hevern
MDSFinancial

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General Advice Only
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In this morning s wrap

DOW: up 2.7%
Financials Lead: GS Upgraded to Buy;
Best Gains in 6 Weeks; US Budget Deficit $1Trn

NASDAQ: up 2.1%
Russians Buy $US100m of Facebook ($US6.5bn)

FTSE: up 1.8%
Financials Lead; Gov t Challenge to Offload Banking Stakes
DAX up 3.2% & CAC up 2.4%

NIKKEI: down 2.6%
Japan: Plan to Dissolve Parliament
Hang Seng down 2.6%

Oil: up 0.5% ($60) (down 9% for Week)
Trying to Find Support?

Gold: up 0.9% ($920) Above 2 Month Lows
Commodities Mixed;
USD Lower

SPI: Critical Level(s): 3850 to 3600
SPI up 58 (1.6%)
Set for Gains

ASX News
FMG to gain from RIO pain China – protracted
AMC – $1.2bn capital raising(around the corner?)
AIO Boss Mark Rowthorn to sell $80m of stock
CSR searching for 25% stakeholder-CSR Sugar
NAB to report June Business Survey
Materials & Energy stocks to recover
Banks to recover
ASX to open higher
US & UK positive leads