Posts Tagged ‘economy’
Monday, April 27th, 2009
Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (1228Kb).
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
Tags: ASX News, commodities prices, economy, Finance, investors, Market Analyser, Share Purchase Plan, stockmarket, trading
Posted in Stock Market Analysis | No Comments
Thursday, April 23rd, 2009
Presented by Michael Hevern
MDS Financial
Click here to watch the presentation.
General Advice Only
*************************************************
In this morning s wrap
DOW: down 1.1%
Morgan Stanley Disappoints ($177m Loss);
Concerns Over Upcoming Stress Tests
NASDAQ: flat 0.1%
Apple Continues to Outperform (Q profit +15%);
Ebay Beats Forecasts
FTSE: up 1.1%
Deficit Widens; Unemployment Soars to 1.7m
DAX up 2.1% & CAC up 1.8%
NIKKEI: down 2.4%
Losses Driven by Financials after IMF Report;
Hang Seng down 2.7%
Oil: down 0.6% – At $48
US Inventories Up
Gold: up 0.8% ($890)
Commodities Mixed;
USD Higher
SPI down 12 (0.3%)
SPI: Critical Levels: 3800 & 3600
IMF: Aus Economy to Contract 1.4%
ASX News
- BHP Qtr production falls
- TLS Stokes has $500m of shares
- QAN Faces Delta competition for AUS-US
- Reports: CTX AGM; NCM,STO Qtr production
- FMG China s NDRC approves Hunan Valin proposal
- Materials & Financials to weigh
- Golds to hold
- ASX to open lower; US lower on MS report
- Options Expiry Today
Tags: ASX News, Business News, Commodities, economy, finance markets, market wrap, spi
Posted in Stock Market Analysis | No Comments
Wednesday, April 22nd, 2009
Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (999Kb).
General Advice Only
*************************************************
In this morning s wrap
DOW: up 1.6%
Geithner: Eases Fears on Bank s Health
banks have more capital than needed
NASDAQ: up 2.2%
Yahoo in line, 1Q09 Profits down 78%,
Ad Revenue down 10%
FTSE: flat -0.1%
Financials Weigh; IMF: Credit Losses $4.1Trillion
DAX up 0.3% & CAC up 0.2%
NIKKEI: down 2.4%
Autos to Report Losses (Crippling Sales);
BoJ Economy to Contract 5%; Hang Seng down 3%
Oil: up 1.4% – At $47
Falling Channel Holds
Gold: down 0.2% ($882)
Commodities Mixed;
USD Lower
SPI up 35 (1.0%)
SPI: Critical Levels: 3800 & 3600
Rudd: Recession Inevitable
ASX News
BHP QTR production report
AIO non-binding takeover offers
ALL expecting 44% fall 1H09 profits (raising $275m)
WES Coles turnaround sales up 7.6% ($5.3bn 3Q09)
Job cuts AXA (120); FXJ (70);
Materials & Financials to recover
Golds to hold
ASX to open higher US higher on Tim Giethner report
US Busy Earnings Reporting
Wed. Apr. 22nd: Apple Ebay, EMC
Thr. Apr. 23rd: Microsoft, Amazon
Tags: ASX News, Business News, Commodities, economy, finance markets, market wrap, spi, stockmarket, trading
Posted in Stock Market Analysis | No Comments
Wednesday, April 1st, 2009
Presented by Michael Hevern
MDS Financial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (307Kb).
General Advice Only
*************************************************
In this morning s wrap
DOW: up 1.2% – Resistance!
Financials Recover;
Quarterly End Window Dressing
NASDAQ: up 1.8%
Momentum Slowing;
FTSE: up 4.3% – Down 11% for Qtr
Miners and Financials Weigh;
DAX down 1.4% & CAC up 3.2%
NIKKEI: down 1.5%- Most in 2 Months
Jobless Rate Jumps (3yr high); Wages Fall
Hang Seng up 0.9%
Oil: up 0.9% – At $49
US Weakening Demand
Gold: up 0.9% ($919)
Commodities Higher;
USD Lower
SPI: Critical Levels: 3540 & 3440
SPI up 26 (+0.7%);
ASX200 Expected Flat
ASX News
* OZL Minmetals to offer ~$1.6bn to $2bn
* FMG Chinese $645m Valin deal passes step 1 (Fed Gov t)
* MQG cuts bonuses, plus MCG sale (gives~$1bn)
* BHP Alcoa acquisition?
* Energy & Gold to weigh
* Materials to recover
* Financials to support
* ABS Feb Retails Sales & Building Approvals
* ASX to open higher US up end-of-Qtr
Tags: ASX News, BHP, Crude Oil, Dow, economy, Finance, finance news, share market, stock market, trading
Posted in Stock Market Analysis | No Comments
Tuesday, March 31st, 2009
Presented by Michael Hevern
MDS Financial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (870Kb).
General Advice Only
*************************************************
In this morning s wrap
DOW: down 1.9% – Resistance!
Autos Trigger Sell-off; Restructure or Else!
US Banks Need More Bailout
NASDAQ: down 2.8%
Uptrend Broken;
FTSE: down 3.5% – Resistance!
Miners and Financials Weigh;
DAX down 1.4% & CAC down 4.3%
NIKKEI: down 4.5%- Most in 2 Months
Fears of Corporate Failures
Hang Seng down 4.7%
Oil: down 7.1% – At $48
US Weakening Demand
Gold: down 0.9% ($915) Big Picture
Commodities Lower;
USD Higher
SPI: Critical Levels: 3540 & 3440
SPI down 57 (-1.6%);
ASX200 Expect Pullback
ASX News
* OZL Minmetals revises bid Ex Prominent Hill; $1.1bn Debt to re-finance
* Big miners to weigh
* Energy, Gold & Materials to weigh
* Financials to see continued profit taking ASX to open lower US lower; G20
Tags: ASX News, Business News, economy, finance news, gold price, Rio Tinto, stockmarket, trading
Posted in Stock Market Analysis | No Comments
Friday, March 27th, 2009
In the spirit of ending the week on a buoyant note, let s pause and consider some of the good news stories to have struggled out of the normally gloomy finance and business pages in the last day or two
- A key United Nations survey is predicting modest positive growth for Australia in 2009
- The Australian share market is heading for its biggest monthly gain in more than 20 years
- The Australian dollar crept back up above 70 US cents
- The Reserve Bank believes Australia s banks are in a relatively strong position for coping with the GFC
- US stocks have rallied for a second straight day, following positive economic data which fuelled hopes that the US economy may be stabilising
Inevitably, each of those items is balanced with talk of ongoing bear market conditions and unsustainable rallies, but sometimes it pays to be selective in your news intake.
More info:
Tags: Australian Dollar, australian stock market, Business News, economy, finance news, global financial crisis, Reserve Bank, UN economic survey
Posted in ASX Company News | No Comments
Friday, March 27th, 2009
Presented by Michael Hevern
MDS Financial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (919Kb).
General Advice Only
*************************************************
In this morning s wrap
DOW: up 2.3% – Breakout?
Growing Unemployment Rate Slowing;
Best Buys Upbeat on Earnings
NASDAQ: up 3.8%
Uptrend Holding;
Continues to Outperform;
FTSE: up 0.6% – Resistance!
Miners and Financials Recover;
DAX down 1.4% & CAC flat (-0.07%)
NIKKEI: up 1.8%
$US10bn Fund To Aid Real Estate;
Hang Seng up 3.6%
Oil: up 2.2% – At $54
US Improving Sentiment
Despite Weakening Demand
Gold: up 0.4% ($939)
Commodities Lower;
Amid Talk of World Currency
SPI: Critical Levels: 3740 & 3540
SPI up 44 (1.2%);
ASX200 Just Above Resistance
ASX200 is up 5.3% for the week and 16% for the past 3 weeks
ASX News
* Options settlements will add to volatility early
* RIO up significantly overnight
* Energy continue up
* Financials may see profit taking/covered calls
* ASX to open up US higher;
* We may see profit taking in afternoon being Friday
Tags: Add new tag, Dow, economy, Finance, finance news, investors, market wrap, oil price, Rio Tinto, stockmarket
Posted in Stock Market Analysis | No Comments
Wednesday, March 25th, 2009
Presented by Michael Hevern
MDS Financial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (1052Kb).
General Advice Only
*************************************************
In this morning s wrap
DOW: down 1.5% – Breakout?
Market Digests Impact of Public Private
Investment Program (PPIP)
NASDAQ: down 2.5%
Profit Taking
FTSE: down 1% – Breakout?
Miners and Financials see Profit Taking;
DAX up 0.3% & CAC up 0.2%
NIKKEI: up 3.3%
Deflation Looms Consumer Prices Stalled;
Hang Seng up 2%
Oil: down 0.4% – Above $53
PPIPs $1T to Stimulate
World economies
Gold: down 3% ($937)
Commodities Down
USD Up
SPI: Critical Levels: 3640 & 3440
SPI down 25;
ASX200 At Resistance
ASX News
* GCL cashed up; in play says NHC chairman
* NAB Chief to address Chamber of Commerce
* ORL 1H09 profit up 20%; Rev up 11%; cost cuts
* Energy and Gold stock to weaken
* Financials to see profit taking
* RBA Glen Stevens to speak tonight
* ASX to open flat US Fed printing money
Tags: ASX News, Crude Oil, economy, finance markets, gold, investors, market wrap, Rio Tinto, stockmarket, trading
Posted in Stock Market Analysis | No Comments
Friday, February 27th, 2009
Following Pacific Brands announcement of more than 1800 job cuts, news of the CEO s hefty 170% pay rise has added fuel to the firey debate on executive salaries.
The ACTU president has called CEO Sue Morphet s pay packet of $1.86 million obscene , and a sign corporate Australia s wonky moral compass. Remarkably, Ms Morphet s remuneration was half that of the previous CEO.
In addition, the total remuneration for the company s 13 directors more than doubled last year, to $15.5 million.
Despite receiving $15 million in taxpayer assistance funds in the last two years, Pacific Brands announced it would move its manufacturing offshore, at the expense of 1850 jobs.
The debate is set to continue with Sol Trujillo s departure from Telstra. It s been estimated the outgoing chief will leave with a $33 million golden handshake when he finishes up in June, as well as tax compensation and share options.
Further information:
Tags: ASX, ASX News, economy, golden handshake, investing, Pacific Brands, shareholders, Sol Trujillo, stock market, Telstra
Posted in ASX Company News | No Comments
