Posts Tagged ‘commodities prices’

    • Friday, 29th May 2009 Morning Wrap

    Friday, May 29th, 2009

    Presented by Michael Hevern
    MDSFinancial

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    General Advice Only

    *************************************************
    In this morning s wrap

    DOW: up 1.3%
    US Gov t Debt Auction Performs
    Better Than Expected

    NASDAQ: up 1.2%
    Dell Profits Down, Reports in-line;
    Losing Market Share

    FTSE: down 0.7%
    House Prices to Fall 14%
    DAX down 1.4% & CAC down 0.8%

    NIKKEI: down 0.1%
    Japan: April Retail Sales down 2.9% (8th Month)
    Unemployment at 4.9% & Rising

    Oil: up 2.6% ($65)
    OPEC Meets says Price to Rise ($US75)
    (Output on Hold)

    Gold: up 1.4% ($961)
    Commodities Higher;
    USD Lower (4 month Lows)

    SPI up 31 (0.8%)
    SPI: Critical Level(s): 3850 to 3600

    ASX News
    AIO Need to refinanace $197m by today
    PRY- $256m capital raising (at premium!!!)
    ANZ being sued over Opes Prime
    Golds to see support
    Materials, Financials and Energy to recover
    ASX to open higher (options exercise);
    US & UK positive

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    Monday, 27 April 2009 MDS Morning Wrap

    Monday, April 27th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

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    General Advice Only

    *************************************************
    In this morning s wrap

    DOW: up 1.5% (flat for week)
    Ford (1Q09 $US1.4bn Loss Better Than Expected)
    Reporting Season Mid Point

    NASDAQ: up 2.6% (up 1% for week)
    Breakout
    Microsoft up 10.5%

    FTSE: up 3.4% (up 1.3% for week)
    Retail Sales Positive Surprise ;
    DAX up 1.5% & CAC up 3.6%

    NIKKEI: down 1.6%(down 2.2% for week)
    BoJ Says Economy to Contract up to 4%
    Hang Seng up 0.3%

    Oil: down 1% – At $51 (flat for week)
    US Dollar Lower

    Gold: up 1.1% ($913) (up 4.8% for week)
    Commodities Higher;
    USD Lower

    SPI up 43 (1.2%)
    SPI: Critical Levels: 3800 & 3600
    Swine Flu at Aussie Doorstep

    ASX News
    WPL set to raise $1.4bn (from US)
    LNN- Kirin offers $4.7bn bid (@$12.22 +47%) for 54% stake
    Interim Earnings this week: NAB tomorrow then later in the week ANZ,WBC,MQG
    OZL sells Indonesian Martable gold & silver ($296m)
    MAP Sydney Airport see fall in traffic, and is to defer $90m projects for 18 months
    BTA one to benefit from swine flu out break
    Financials to be flat ahead of earnings updates
    Golds to support
    ASX to open higher; US higher on Ford report

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    Monday 20th April 2009 MDS Morning Wrap

    Monday, April 20th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

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    General Advice Only

    *************************************************
    In this morning s wrap

    DOW: up 0.1% – Still down 10% YTD
    GE Earning down 35% to $US2.8bn (Better);
    Citi disappoints;

    NASDAQ: up 0.2% (6 weeks 23% up)
    Huge Reporting Week:
    IBM, MSFT, APPLE, & and more

    FTSE: up 1% – (6 weeks up 16%)
    Financials Lead;
    DAX up 1.5% & CAC up 1.8%

    NIKKEI: up 1.7% (6 weeks up 24%)
    BoJ to Cut Economic Outlook; Nippon Steel Annual Income down 60%;
    Hang Seng up 0.1%

    Oil: down 0.2% – At $50
    Ranging $47 to $55;
    Symmetric Triangle

    Gold: down 1.4% ($868)
    Commodities Higher;
    USD Lower

    SPI up 33 (0.9%);
    SPI: Critical Levels: 3800 & 3600

    ASX News

    CBA Execs take pay cut chairman
    WOW surprises 3Q09 sales up 6.5% – groceries
    OST – returns X-entitlement (after $584m insto raising)
    Materials to recover
    Golds to sell off
    Financials to see recovery XDIVs next month
    ASX to open higher US higher on GE report
    US Busy Earnings Reporting
    Mon. Apr. 20th: IBM, Texas Instruments
    Tue. Apr. 21st : AMD, SanDisk, Broadcom, Yahoo!
    Wed. Apr. 22nd: Apple Ebay, EMC
    Thr. Apr. 23rd: Microsoft, Amazon

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    Friday 17th April 2009 MDS Morning Wrap

    Friday, April 17th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

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    General Advice Only

    *************************************************
    In this morning s wrap

    DOW: up 1.2% – Above 8000
    JPM Results Promising;

    NASDAQ: up 2.7%
    SUN Back in the Spotlight;
    Google Does Not Disappoint

    FTSE: up 2.1% – Above 4000
    Financials Lead;
    DAX up 1.6% & CAC up 1.8%

    NIKKEI: flat +0.1%
    Citi to Sell Japanese Broking Arm $US5bn;
    China March Growth 6%;
    Hang Seng down 0.6%

    Oil: down 0.6% – At $49
    US Inventories
    Highest since 1990

    Gold: down 1.8% ($879)
    Commodities Lower;
    USD Higher

    SPI up 40 (1.1%);
    SPI: Critical Levels: 3800 & 3600

    ASX News
    TLS Future Fund lobbies for new chairman
    BSL – may tap the market again
    GNS – $2.2bn pulp mill deal get closer
    LEI loses Dubai Airport project
    Materials to weigh on lower commodities
    Golds to sell off
    Financials to see recovery
    ASX to open higher US higher on JPM report

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    Thursday 16th April 2009 MDS Morning Wrap

    Thursday, April 16th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (1262Kb).

    General Advice Only

    *************************************************
    In this morning s wrap

    DOW: up 1.4% – Above 8000
    Still Consolidating;
    Choppy Trading Session

    NASDAQ: up 0.1%
    Yahoo Back in the Spotlight;
    Intel Disappoints

    FTSE: down 0.5% – Below 4000
    Miners Weigh;
    DAX down 0.2% & CAC down 0.5%

    NIKKEI: down 0.3%
    BoJ Renews Concerns on Slowing Global Growth; Hang Seng up 0.6%

    Oil: up 0.8% – At $49
    US Inventories
    Highest since 1990

    Gold: up 0.2% ($889)
    Commodities Higher;
    USD Lower

    SPI: Critical Levels: 3800 & 3600
    SPI up 38 (1.0%);

    ASX News

    ERA drop in March production
    QAN may need to restructure
    RIO iron production yoy down 15%
    LGL cuts 200 jobs
    BHP & RIO to weigh
    Golds to recover short term
    Financials could see profit taking
    ASX to open higher US higher on AMEX report

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    Wednesday 15th April 2009 MDS Morning Wrap

    Wednesday, April 15th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

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    General Advice Only

    *************************************************
    In this morning s wrap

    DOW: down 1.7% – Below 8000
    Goldmans Needs to Raise Capital;
    Financials Weigh

    NASDAQ: down 1.7%
    Poor Retail Sales Confirm Weakening Demand; Intel 55% decline in 1Q Profit

    FTSE: up 0.13% – Below 4000
    Retail Sales Weakening; Banks & Mining Support;
    DAX up 1.5% & CAC up 0.8%

    NIKKEI: down 0.9%
    Retailers Weigh;
    Hang Seng up 4.6%

    Oil: down 0.6% – At $49
    Slowing Global Economy

    Gold: down 0.2% ($889)
    Commodities Higher;

    SPI: Critical Levels: 3800 & 3600
    SPI down 41 (1.1%);

    ASX News
    * OZL signs off on $1.7bn Minmetals
    * BrisConnections Nick Bolton accused of being a greenmailer ;
    sells voting rights of his 19.8% stake for $4.5m to Theiss & Holland
    * FMG Hunan Valin takes 17.5% stake ($1bn)
    * OST expect earnings downgrade (may need to raise $850m)
    * Golds finding support
    * Energy & Financials to see profit taking
    * ASX to open lower US lower on Retail Sales

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    Thursday 9th April 2009 MDS Morning Wrap

    Thursday, April 9th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (1069Kb).

    General Advice Only

    *************************************************
    In this morning s wrap

    DOW: up 0.6% – Below 8000
    Volumes Low;
    Choppy Trading Session

    NASDAQ: up 1.9%
    Earnings Forecasts Will be the Key this Reporting Season

    FTSE: down 0.13% – Below 4000
    UK & German Recessions Deepening;
    DAX up 0.8% & CAC up 0.7%

    NIKKEI: down 0.3%
    Banks Need to Raise More Capital;
    $150bn more Stimulus;
    Hang Seng down 3%

    Oil: up 1.9% – At $50
    US Inventories
    Highest since 1993

    Gold: down 0.1% ($881)
    Commodities Higher;
    USD Lower

    SPI up 45 (1.2%);
    SPI: Critical Levels: 3800 & 3600

    ASX News
    ORG $35bn LNG plant to create 5000 jobs IN North Queensland
    BrisConnections Retail investor lifeline
    MAH BHP awards $500m rail contract (MAH/LEI)
    QBE insurers to bounce off support
    Golds to recover short term
    Financials to weigh
    ASX to open higher US higher on TARP for insurers

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    Monday 6th April 2009 MDS Morning Wrap

    Monday, April 6th, 2009

    Presented by Michael Hevern
    MDS Financial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (1273Kb).

    General Advice Only

    *************************************************
    In this morning s wrap

    DOW: up 0.5% – up 3.1% for week
    Unemployment at 8.5%;
    DJ Tranports up 7% for Week

    NASDAQ: up 1.2% (up 5.5% for Week)
    For Week: RIM up 32%; Apple up 9%

    FTSE: down 2.3% (up 2.9% for Week)
    UK Companies Most Profit Warnings Since 2001
    DAX down 1.4% & CAC down 1.1%

    NIKKEI: up 0.3%
    China s Stimulus Hope; Autos Down
    Hang Seng up 0.2%

    Oil: down 0.4% – At $52
    Momentum Slowing

    Gold: down 0.1% ($895)
    Commodities Higher;
    USD Lower

    SPI up 33 (+0.9%);
    SPI: Critical Levels: 4000 Next Key Level

    ASX News
    * FMG AISC investigation (from late 2004)
    * RIO Plan B $8bn capital raising
    * MGX resolves issues with customers
    * RBA Decision this week
    * Energy & Golds to weigh
    * Materials to recover
    * Financials continued support
    * ASX to open higher US Higher despite unemployment

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    Thursday 5th March 2009 MDS Morning Wrap

    Thursday, March 5th, 2009

    Presented by Michael Hevern
    MDS Financial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (825Kb).

    *********************************************

    In this morning’s wrap…

    DOW: up 2.3%
    Commodities lead recovery

    NASDAQ: up 2.5%
    Still outperforming

    FTSE: up 3.8% (off 2003 Lows)
    BoE to cut rates to 0.5%; Consumer confidence at 4yr lows

    DAX up 5.4% & CAC up 4.7%

    NIKKEI: up 0.8%
    China stimulus; Autos to seek Government loans;
    Toyota first loss in 59 yrs; Yen down

    Oil: up 8.5% – At $45
    OPEC to cut;
    US inventories down

    Gold: down 2.5% ($907)
    Commodities up
    USD up

    SPI: Critical Levels 3320 & 3120
    SPI up 72;
    Banks shake off Moody s

    ASX News

    • ASIC extends short selling ban to 31May09
    • RBA – GDP – recession looming
    • BHP & RIO big winners
    • Miners, Energy & Banks to recover
    • ASX to open sharply higher; China Stimulus

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    Monday 23rd February 2009 MDS Morning Wrap

    Monday, February 23rd, 2009

    Presented by Michael Hevern
    MDS Financial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (1394Kb).

    ****************************************************************

    In this morning’s wrap…

    DOW: down 1.3% (-6% for week)

    • Six Year Lows
    • Bank Nationalisation Fears
    • HP down 13% for Week;
    • DOW Transports down 8.7% for Week

    NASDAQ: down 0.1% (-6% for week)

    Miners Down; & Financials Down;
    DAX & CAC down 4.5%
    FTSE: down 3.2% (3 Month Lows)

    Recession Confirmed;
    Hang Seng down 2.5%
    NIKKEI: down 1.9% – Below 7900

    Surprise Fall in US Inventories;

    • First time in a Year
    • Oil: down 1% – Just Below $40

    Commodities Down;

    • USD Lower
    • Gold: up 2.8% ($1002) (up 6.4% for Week)

    SPI Flat;

    • Range Bound

    SPI: Critical Levels 3520 & 3320

    ASX News

    • BHP/RIO to set iron ore price (Vale)
    • OZL Bid has CEO s support; Needs $1.2bn debt facility extension
    • TEN failed capital raising $90m; may cut divy
    • FXJ Reports today
    • VBA Market Cap ($247m) < a Boeing 777 ($414m)
    • Annual Results: FXJ, VBA, TSE, IRE, BSL
    • Look to Energy & Golds for support
    • ASX to open lower US six year lows

    It’s all about the banks as investors fear nationalisation of the banks. Gold close to new highs.

    Regulators likely to introduce Bank Stress Tests soon to evaluate US Bank capital adequancy to ensure they can withstand a more severe economic climate and can play an important role in maintaining the flow of credit.

    The regulators have seized control of 14 US banks YTD, this compares with 25 for
    the whole of 2008. A disturbing trend developing.

    Weekly losers
    Freeport -4%, CITI -44%, BoA -32%, JPM -19%, GM-29%, GE-18%, HP-13%

    WFC +9%, WM +29%, SPRINT +14%

    52 WK LOWS
    BoA, WFC(WellsFargo), GE -71 yr lows

    GOLD
    Wk +6.4%

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