Posts Tagged ‘finance markets’
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 8th, 2009
Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (813Kb).
General Advice Only
*************************************************
In this morning s wrap
DOW: up 0.6%
Fed says Banks are Healthy;
Trade Deficit Better-than-Expected
NASDAQ: down 0.9%
Intel (#1 Chip Maker) 1Q09 Better
But Profit still down 55%
FTSE: down 0.2%
Financials & Miners Weigh; Unemployment at 2.2m
DAX down 0.3% & CAC down 0.5%
NIKKEI: down 1.6%
Nissan to Cut CAPEX;
Toyota Cuts Production by 28% in 2009
Oil: up 0.6% ($59)
Six Month Highs
Gold: up 1.1% ($922)
Commodities Higher;
USD Lower
SPI up 20 (0.5%)
SPI: Critical Levels: 4000 & 3800
Resistance Becomes Support?
ASX News
Budget $22bn spend on infrastructure $58bn deficit (9000/person); Keeps AAA Rating
Inflation 1.75%; Unemployment 8.5%
FXJ F/cast 27% fall in profits (ad revenue)
SGP to raise $1.5bn (`20% disc ~$2.60)
AWB downgrades 1H09 profit F/cast (Brazil problems)
FMG say NO to Shanghai listing speculation
OSH says profits lower if Oil price subdued
Materials, Financials to recover
Golds and Energy provide support
ASX to open higher; US mixed
Tags: ASX News, Commodity prices, Dow, federal budget, finance markets, investors, market wrap, stockmarket, trading
Posted in Stock Market Analysis | No Comments
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
Tags: ASX News, Chinalco, commodities prices, finance markets, Rio Tinto, stockmarket, trading
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
Tuesday, March 24th, 2009
Presented by Michael Hevern
MDS Financial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (908Kb).
General Advice Only
*************************************************
In this morning s wrap
DOW: up 6.8% – Breakout?
Fed Spending $1 Trillion on Toxic Assets;
S&P500 biggest 10 day move since 1938
NASDAQ: up 6.7%
Still Outperforms
FTSE: up 2.8% – Breakout?
Financials Lead;
DAX up 3.6% & CAC up 2.6%
NIKKEI: up 3.4%
Economy Needs 1 Trillion Yen Injection;
Hang Seng up 4.8%
Oil: up 3.3% – Above $53
PPIPs $1T to Stimulate
World economies
Gold: down 1.5% ($937)
Commodities Up
USD down
SPI: Critical Levels: 3640 & 3440
SPI up 88;
ASX200 Above Resistance
ASX News
* Resources to run look to big miners
* Look to Golds to pullback
* Energy to lead
* Financials to continue
* ASX to open up US $1T – Fed (PPIP) Public Private Investment Program
Tags: ASX News, Dow, finance markets, S&P 500, share market, stock market, stockmarket, trading
Posted in Stock Market Analysis | No Comments
Monday, March 23rd, 2009
Presented by Michael Hevern
MDS Financial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (1118Kb).
General Advice Only
*************************************************
In this morning s wrap
DOW: down 1.7% – Flat for the Week
Fed Spending $1 Trillion and Counting to Attempt to Free Credit Markets
NASDAQ: down 1.8% (up 1.5% for Week)
Profit Taking
FTSE: up 0.7% – Up 3.5% for Week
Financials & Miners Catchup;
DAX up 0.6% & CAC up 0.5%
NIKKEI: down 0.3% (up 5% for Week)
Finance Ministewr says: Economy Needs 1 Trillion Yen Injection;
Sony $US529m 1Q Loss;
Hang Seng down 2.3%
Oil: Flat – Above $51 (up 12% for Week)
OPEC to Cut in May;
Gold: up 0.3% ($957) (up 2.7% for Week)
Commodities Down
USD down
SPI: Critical Levels: 3540 & 3340
SPI down 20;
ASX200 into Resistance
ASX News
* NEM suitor for NCM;but open to Barrick Gold
* MAP drop in traffic at ALL airports (Sydney -8%)
* OZ nervous wait banker/FIRB
* SIP annual results today
* Resources to weigh
* Look to Golds hold
* Energy to pullback
* Financials likely to see profit taking
* ASX to open flat US Fed printing money
Tags: ASX News, Commodities, finance markets, investors, market wrap, Nikkei, OZ Minerals, Rio Tinto, stock market
Posted in Stock Market Analysis | No Comments
Thursday, February 5th, 2009
Woolworths is thought to be well advanced with a plan to set up a big-box hardware retail business, challenging Wesfarmer s dominant Bunnings chains.
An article in The Australian argues the move is a smart one for Woolworths, as the market offers hefty margins and is ripe for a new entrant . The article also suggests Woolies has been looking into Reece Australia.
Earlier plans to merge with Mitre 10, which currently has the second largest share of the $38 billion market, have been abandoned.
Woolies has also recently bought Langton s Fine Wines Auctions, an upmarket online wine business which it says will complement its existing liquor retail business led by Dan Murphy s.
Stocks for your watchlist
- Reece Australia: REH (ASX)
Further Information
Tags: ASX, bunnings, economy, finance markets, invest, investing, reece, share market, shares, wesfarmers, Woolworths
Posted in ASX Company News | 1 Comment
Friday, January 30th, 2009
Lawyers look set to prosper from an upcoming raft of class actions, as shareholders are given greater access to sue insolvent companies.
The High Court s recent and controversial Sons of Gwalia decision found that shareholders with a claim against a company that enters administration could participate in the distribution of its assets.
Class actions are expected against Centro Properties Group, Centro Retail Trust and Opes Prime, and potentially against ABC Learning, Allco Finance Group, Octaviar, Credit Corp Group and Oz Minerals.
All this is terrific news for lawyers, as is the growing trend of newly retrenched people seeking to sue ex-employers. Under normal conditions these people are more likely to move into new jobs instead.
Litigation funders like IMF Australia, Comprehensive Legal Funding and Litigation Lending Services also anticipate a good year ahead.
Stock for your watchlist:
IMF IMF Australia (ASX)
Further information:
The Australian Financial Review
The Age
Tags: ABC Learning, Allco, ASX, Centro, economy, Finance, finance markets, IMF, Octaviar, Opes Prime, OZ Minerals, share market, shares
Posted in ASX Company News | No Comments
Friday, January 30th, 2009
Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (756Kb).
**********************************************************
In this morning’s wrap…
World Indices
DOW down 2.7%
- new home sales worst on record
- jobless claims worst since 1967
S&P down 3.3%
- hasn t managed to trade above the 50 day moving average
NASDAQ down 3.2%
- Apple, Microsoft and Cisco down
FTSE down 2.5%
- Shell fourth quarter loss
- IMF: World Trade down 45% in fourth quarter
CAC and DAX down 2%
NIKKEI up 1.8%
Commodities
Oil down 1.1%
- OPEC considers more production cuts
Gold up 2.2% ($908)
- stimulus to create inflation
Silver up 3%
Nickel, copper, lead and zinc all down
Local Index
SPI down 96 points
ASX News
Lendlease writedowns
Tabcorp profits down, $11.5m bounced check
Miners and Financials to weigh
Gold spikes up
RBA to cut interest rates
ASX likely to open sharply lower
Tags: ASX, Dow, finance markets, FTSE, gold, Nasdaq, Nikkei, oil, S&P 500, spi
Posted in Stock Market Analysis | No Comments
Thursday, January 29th, 2009
Economists are anticipating the Reserve Bank will cut interest rates dramatically next week, following signs that inflation pressures are easing.
It s expected the RBA will cut the official cash rate by 1 percentage point, to a record low of 3.25%. There is also speculation the rate will drop further in the coming months, to 2.5% by midyear.
In other related news:
- businesses are taking around 56 days to pay bills, a sign of cash-flow problems associated with a lack of access to credit
- the IMF has issued its gloomiest forecast yet, with expectations of the global economy growing just 0.5% this year
- over the ditch, New Zealand s central bank has cut its official interest rates by 1.5 percentage points, to a record low of 3.5%
Further information:
The Age
The Australian Financial Review
Herald Sun
Tags: business, economy, Finance, finance markets, interest rate, RBA, stockmarket
Posted in ASX Company News | No Comments
