Posts Tagged ‘Hang Seng’

Thursday 19th March 2009 MDS Morning Wrap

Thursday, March 19th, 2009

Presented by Michael Hevern
MDS Financial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (865Kb).

General Advice Only

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In this morning s wrap

DOW: up 1.2% – Testing Resistance
Fed Will Buy $300bn in
Long Term Treasuries in next 6 months

NASDAQ: up 2% – Outperforms
IMB to bid for SUN (which was up 78%);
Oracle up 6% (After hours Report)

FTSE: down 1.4% – Resistance
Financials & Energy Support;
DAX up 0.2% & CAC down 0.3%

NIKKEI: up 0.3%
BoJ to Increase Bond Purchases; Hang Seng up 1.9%
Komatsu Sales Down 20%;

Oil: up 0.8% – Holds Near $50
OPEC to Cut in May;
Though US Inventories Up

Gold:
Commodities Lower
USD up

SPI: Critical Levels: 3520 & 3320
SPI up 31;
ASX200 into Resistance

ASX News
DJS 1H09 profits up 2%;F/casts profit growth 0-5%
ANZ faces $322m loss if BrisConnection fails
NCM no debt & $470m cash acquisition trail
RIO doubts on Chinalco; Broker JPM says Sell
Look to Golds to weigh
Energy to support
Financials likely to support
ASX to open higher US Fed Will Buy $300bn in
Long Term Treasuries in next 6 months

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Friday 27th February 2009 MDS Morning Wrap

Friday, February 27th, 2009

Presented by Michael Hevern
MDS Financial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1178Kb).

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

In this morning’s wrap…

DOW: down 1.2%
Obama: Wants More Bailout ($US750bn);
Seeks $1tr Tax Increase (on 2.6m Higher Earners)

NASDAQ: down 1.7%
Microsoft down 2.4% & Cisco down 1.2%;

FTSE: up 1.7%
Bank Nationalisation (RBS $53bn loss Govt owns 80%); Banks up 8.5%; DAX & CAC up 2%

NIKKEI: Flat – Below 7900
Jan. Exports down 46%; Trade Deficit Worst on 20yrs Yen Weakens (3mo Lows);

Oil: up 4% – Above $40 ($44)
US Inventories Down;
Trading the Range

Gold: down 2% ($946)
Profit Taking
USD down

SPI: Critical Levels 3420 + 3220
SPI down 21;
Bouncing off November Lows

ASX News

  • LLC 1H09 loss $596m (cf $250m profit) cuts 1700 jobs
  • QBE profits Steady helped by $409m FX gains
  • TTS Profit up 9%; Rev up 5%; F/cast slow 2H09
  • ANZ cuts divy by 25% – to bolster balance sheet
  • TLS Sol to leave with $3m payout ($33m total)
  • OZL D-day – debt refinance
  • Report -1H: WOW, CWN, PPX, DOW, HVN
  • Report -FY: QBE, OZL TIM
  • ASX to open weaker US still testing 12 year lows

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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).

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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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Monday 16th February 2009 MDS Morning Wrap

Monday, February 16th, 2009

Presented by Michael Hevern
MDS Financial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1046Kb).

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

In this morning’s wrap…

World Indices
DOW down 1%

  • down 5.2% for the week
  • ailing financial services sector
  • auto bailout / turnaround program

NASDAQ down 0.5%

  • RIMM down 11%; SUN down 3.6%
  • Down 3.6% for the week

S&P 500 down 4.8% for the week

  • GM down 13%
  • AMEX down 11%
  • Alcoa down 11%
  • Coca Cola and Pepsi both up for the week on better than expected figures
  • Consumer Discretionary, Energy and Financials all down for the week

FTSE down 0.3%

  • Lloyds nationalisation rumours
  • RIO: shareholders concerns

CAC up 1.1%

NIKKEI up 1%

  • below 7900 level
  • strong yen weighing heavily on exporters

HANG SENG up 2.5%

Commodities
Oil up 4% ($38)

  • OPEC production cut highly likely

Gold down 0.7% ($938)

  • profit taking
  • up 3.4% for the week
  • up 12% for the last 6 months

Silver, lead, copper and nickel up
Aluminium flat
Zinc down

Commodities index down 0.3%
Gold stocks index down 1.6%
Oil stocks index up 0.5%

USD rose against the Yen, fell against the Euro

Local Index
SPI down 22 points

  • busy reporting week: Austereo, Futurus, Reject Shop, Billabong, Woodside, Lihir, Caltex, Newcrest

ASX News
RIO: institutions not keen on Chinalco bid
Annual Results: WPL, WES, ILU, LGL, CTX, and NCM
RBA minutes on Tuesday
Miners in the spotlight
Energy to weigh
Look to Golds for support
Kevin Rudd: Senate passes $42bn stimulus package on second attempt
ASX to open lower

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Friday 13th February 2009 MDS Morning Wrap

Friday, February 13th, 2009

Presented by Michael Hevern
MDS Financial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (948Kb).

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

In this morning’s wrap…

World Indices
DOW flat

  • recovered from selloff in late trading
  • January retail sales figures up
  • Coca Cola: better than expected gains

NASDAQ up 0.5%

  • bargain hunters looking for companies with cash
  • Apple, Microsoft and Cisco all up

FTSE down 0.8%

  • Rio Tinto confirms Chinalco deal, finished down 1.5%

CAC down 2.1%

NIKKEI down 3%

  • below the critical 7900 level

HANG SENG down 2.3%

Commodities

Oil down 5.5% ($34)

  • down 22%YTD, down 62%YoY

Gold up 0.4% ($948)
Aluminium, lead, copper, nickel and zinc all down

Commodities stocks index up 0.4%
Gold stocks index up 0.4%
Oil stocks index up 0.3%

Local Index
SPI up 20 points

  • RIO, Leighton and Coca Cola reports

ASX News

  • RIO: earnings up $US10.3bn; Chinalco deal confirmed
  • Leighton: 1H09 profit down 56%
  • CCL profit up 10%; revenues up 4%
  • Miners and energy to weigh
  • Banks to hold
  • Look to Golds for support early
  • Kevin Rudd: Senate s 2nd attempt at $42bn stimulus
  • ASX likely to open early

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Thursday 5th February 2009 MDS Morning Wrap

Thursday, February 5th, 2009

Presented by Michael Hevern
MDS Financial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1014Kb).

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

World Indices

DOW down 1.5%

  • earnings disappointments from Kraft and Disney
  • Bank of America down 8.5%
  • Times Warner reported $37bn 4th quarter loss
  • Visa beats expectations, up 3%

NASDAQ flat

  • Cisco reports inline
  • Nasdaq tracking the support level
  • Salary caps for top executives

FTSE up 1.5%

  • led by miners
  • financials continue to weigh
  • BHP up 9% after report

CAC up 2.9%

DAX up 2.4%

NIKKEI up 2.7%

  • Panasonic reports a $US4.2bn loss, 1500 job cuts
  • China January manufacturing figures show improvement
  • Nikkei above critical 7900 level

HANG SENG up 2.5%

Commodities
Oil down 1.2%

  • just above $40 level
  • US inventories up

Gold up 0.5%
Silver, aluminium, lead, copper, nickel, zinc all up

Gold stocks index up 2.5%
Oil stocks index up 0.5%
Commodities stocks index up 1.4%

Local Index
SPI up 15 points

  • between critical 3400 and 3500 levels
  • $42bn stimulus package passes stage 1 approval

ASX News

Lend Lease: raises $300m
David Jones: 1st half sales down
Qantas: 1st half profit down 66%
BHP: 1st half profit down 56%
RIO and BHP to support
Banks to weigh
ASX to open higher / flat today

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