Posts Tagged ‘market wrap’

    • Tuesday, 13th October 2009 Morning Wrap

    Tuesday, October 13th, 2009

    James Gerrish

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    General Advice Only*********************************************

    In this morning s wrap
    DOW: up 20.86 points
    Commodities higher
    Banks strong
    Dollar Index: Back in the Red

    FTSE: Up 48.3 points
    Commodities

    CHINA: down 0.58%
    Hit resistance again

    Oil: Up 1.50c to $73.27
    Broken from wedge
    Gold: Up $8.90 to $1057.50
    Dollar down

    Higher Start SPI Futures up 18 points
    Quite day expected

    ASX News
    FMG In the news going it alone
    Technically critical levels
    NAB monthly business survey
    Commodities strong
    Banks may recover
    Intel + JJ out tonight with results
    ASX may break to new highs

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    Tuesday, 25th August 2009 Morning Wrap

    Tuesday, August 25th, 2009

    Presented by Michael Hevern
    MDSFinancial

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    General Advice Only
    ************************************************
    In this morning s wrap

    DOW: flat (0.3%) (at 10 Month Highs)
    Financials Drag 150 US Banks to Fail

    NASDAQ: down 0.1%
    Cisco& Intel Down 0.6%

    FTSE: up 0.9%
    Metals & Energy Rise;
    DAX up 1.0% & CAC up 0.9%

    NIKKEI: up 3.4% (off 10 Month Highs)
    JPY: Toyota Kyushu Plant Holds Production Through 2010;
    Hang Seng up 1.9%

    CHINA: up 1.1%
    Volatility increasing;
    Testing Times

    Oil: up 0.7% ($74)
    Recovery Continues;
    US Inventories Down;

    Gold: down 1.2% ($941)
    Commodities Higher;
    USD Higher

    SPI: Critical Level(s): 4250 to 4450
    SPI down 22 (-0.5%)
    Reporting Continues

    ASX News

    WOR solid profit but no repeat
    FXJ Reports Loss but Ad Revs seem to have bottomed
    SUN FY profit drops 40% ($384m)
    CEU FY Net Loss widens ($531m); Capital Raising @33c
    FGL FY Profit $438m (4 times); from split of wine business

    Reports:
    Tu: ALL, FLT, MGR, FUN, OSH (LNG PNG), FGL (Wine), SUN;
    W: CMJ (Divy?), GFF, SEV (CMJ stake), TCL;
    Th: WOW (Strong), TOL (2H09 down), TTS (Strong), CWN (Rev?), GNS, VBA (startup VAustralia)
    F: CTX, HVN NRT, SHL

    Materials & Energy stocks to recover
    Banks to recover
    ASX to open flat
    US & UK subdued

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    Monday, 3rd August 2009 Morning Wrap

    Monday, August 3rd, 2009

    Presented by Michael Hevern
    MDSFinancial

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    General Advice Only
    ************************************************
    In this morning s wrap

    DOW: up .2% (up 8.4% for July)
    Busy Economic For Data;
    Non-Farm Payrolls Friday

    NASDAQ: down 0.3% (up 8.1% for July)
    MacFee up 5% ;

    FTSE: down 0.5% (up 9.0% for July)
    Barclays 1H09 Profit to be +28%; RBS $US15bn New Mortgages
    DAX up 11.5% & CAC up 9.4% for July

    NIKKEI: up 1.9% (up 4.1% for July)
    JPY: 5.4% Unemployment 6 yr High; Autos Recover

    Hang Seng up 0.5% (up 12% for July)
    CHINA: up 2.3% (up 13.6% for July)

    Oil: up 3.8% ($69) (Flat for July)
    Economy Stabilising

    Gold: up 2.1% ($953) (up 3% for July)
    Commodities Higher;
    USD Lower

    SPI: Critical Level(s): 4050 to 4250 (up 7.3% for July)
    SPI up 2
    9 Month Highs

    ASX News

    Capital Raisings $74bn 12 months (av Disc 20%) XJO +35% (Mar09 lows)
    ANZ Close to buying $1bn RBS Asian assets
    Banks following NAB lead on fees
    Banks broke key resistance (ANZ/CBA/WBC) switching
    QBE to buy Elders
    Reports: M: ARG (FY09) Tu: RBA; W: DJS (Q4); Th: NWS (Q4), AWC, BKN (FY), TAH (FY), HIL (FY); F: WAN & RMD (FY) US Non-Farm
    Materials & Energy stocks to profit taking
    Banks to rise
    ASX to open modestly higher Bank Holiday NSW/VIC
    US & UK hold gains Non Farms Payrolls Friday
    Start of Month

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    Friday, 26th June 2009 Morning Wrap

    Friday, June 26th, 2009

    Presented by Michael Hevern
    MDSFinancial

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    General Advice Only
    *************************************************
    In this morning s wrap…

    DOW: up 2.1%
    GDP Revision Slightly Better (-5.5% yoy); Job Data Remains Weak; Fed Testimony

    NASDAQ: up 2.1%
    Oracle Better Results (up 7%);
    OECD Positive Forecasts

    FTSE: down 0.6%
    Materials Stocks See Profit Taking;
    DAX down 0.7% & CAC down 0.8%

    NIKKEI: up 2.1%
    Toyota to Target Global Markets;
    Hang Seng up 2.2%

    Oil: up 2.2% ($70)
    Oil Recovers;
    Nigerian Unrest

    Gold: up 0.8% ($938)
    Commodities Higher;
    USD Lower

    SPI up 32 (0.8%)
    SPI: Critical Level(s): 3850 to 4050

    ASX News
    QAN cancels 15, 787s orders; defers 15 more orders for 4 years
    ABB FIRB OK for $1.6bn Viterra merger
    CCL set for record 1H09 profits
    Materials stocks likely to lead;
    ASX to open higher;
    US & UK Positive Direction
    30-Jun under a week away; options Settling

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    Wednesday, 27th May 2009 Morning Wrap

    Wednesday, May 27th, 2009

    Presented by Michael Hevern
    MDSFinancial

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    or

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    General Advice Only

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

    DOW: up 2.4%
    May Consumer Confidence 8 month high (55 vs 42);
    Bulls Resume;

    NASDAQ: up 3.5%
    Russian Buy 2% of Facebook ($US200m)
    (Mkt Cap now $US10bn vs $US15bn in 2007);

    FTSE: up 1.1%
    Retailers & Miners Bounce;
    DAX up 1.4% & CAC up 1.0%

    NIKKEI: down 0.4%
    Steelmakers Agrees to 33% Cut in Iron ore Prices
    Hang Seng down 0.8%

    Oil: up 0.5% ($63)
    Profit Taking

    Gold: down 0.5% ($953)
    Commodities Mixed;
    USD Lower (4 month Lows)

    SPI up 65 (1.7%)
    SPI: Critical Level(s): 3850 to 3600
    Positive Overseas

    ASX News
    ANZ capital raising?
    RIO Locks in iron ore prices(had to cut by 33%)
    SUN NSW/Qld storm costs >$70m allowance
    PPT Annual Op. Profit to slump 55%
    Golds to see profit taking
    Materials, Financials and Energy to recover
    ASX to open higher; US & UK bulls

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    Wednesday, 20th May 2009 MDS Morning Wrap

    Wednesday, May 20th, 2009

    Presented by Michael Hevern
    MDSFinancial

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    or

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    General Advice Only

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

    DOW: down 0.3%
    March Housing Starts down 13% (1960 lows);
    Financials Weigh; Profit Taking

    NASDAQ: up 0.1%
    HP 1Q Profit down 17%;
    Sales Down; Jobs Cut

    FTSE: up 0.8%
    Financials & Energy Lead Rebound;
    DAX up 2.2% & CAC up 0.9%

    NIKKEI: up 2.8 %
    Mitsubishi Bank: First Annual Loss ($2.6bn) Bad Debts Double
    Hang Seng up 1.3%;

    Oil: up 1.1% ($60)
    New Highs
    Ahead of US Driving Season

    Gold: up 0.8% ($926)
    Commodities Mixed;
    USD Lower

    SPI down 2 (-0.1%)
    SPI: Critical Level(s): 3850
    Support Holding?

    ASX News

    PNA Puthep Copper Reserves up 33%
    TLS – Sol Trujillo has made a premature exit
    APN raising $99m 1 for 5 rights; cuts divy
    Raisings rumour $1bn for ANZ & AMC
    Results 1H AWB (~50%); LNN (+7%); 09 JHX
    Golds and Energy to support
    Materials, Financials to see profit taking
    ASX to open higher; US profit taking

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    Monday, 18th May 2009 MDS Morning Wrap

    Monday, May 18th, 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 0.8% (down 3.8% week)
    April Industrial Production Down;
    Rally Loses Momentum

    NASDAQ: down 0.5% (down 3.5% for week)
    Rotating Out of Tech

    FTSE: down 0.3%
    Financials Lead Retrace;
    DAX flat -0.01% & CAC up 0.4%

    NIKKEI: up 1.9% (down 2% for week)
    Banks Facing HeadWinds;
    Hang Seng up 1.5%;

    Oil: down 3.6% ($56)
    Demand Concerns
    Biggest Falls Since 1981

    Gold: up 0.5% ($931)
    Commodities Mixed;
    USD Lower

    SPI down 42 (1.1%)
    SPI: Critical Levels: 3800 & 3600
    Support Broken

    ASX News

    RIO Committed to Chinalco deal; BHP still in the mix
    AIO expected to refi $258m (due 30th May)
    AMC set to buy RIO s Alcan packaging assets
    BBG Profit falls (due to strong $A)
    Capital Raisings: $45bn in 8 months or $23bn YTD;
    last week: NUF, SGP ($2bn); STO ($3bn); SPN ($330m); WSA ($35m)
    Golds to support
    Materials and Energy to weigh
    ASX to open lower; US reality bites

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    Tuesday, 12th May 2009 MDS Morning Wrap

    Tuesday, May 12th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (1005Kb).

    General Advice Only

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

    DOW: down 1.8%
    Stress Test: $75bn Needed;
    Banks Rush to Raise

    NASDAQ: flat +0.1%
    Profit Taking;
    Oracle up 1.3%

    FTSE: down 0.6%
    Financials & Miners Weigh;
    DAX down 1.2% & CAC down 1.9%

    NIKKEI: up 0.2%
    Japan Air: Cuts 1200 Jobs; Toyota to Cut Production
    Hang Seng down 1.7%; China April Consumer Prices fall 1.5%

    Oil: flat (-0.2%) ($58)
    Economies Recovering?

    Gold: flat (-0.3%) ($914)
    Commodities Lower;
    USD Higher

    SPI down 51 (1.3%)
    SPI: Critical Levels: 4000 & 3800
    ASX200 off 6 month Highs

    ASX News

    STO Raises $3bn for LNG expansions: 2 for 5 rights at $12.50 (27% disc)
    OSH likely to follow in raising capital
    LNN Kirin takeover not till Oct-09
    IPL 1H09 Profits down 41% (cuts forecast)
    ASX please explain: LEI; AIO
    Budget jitters – $59bn deficit (& counting)
    Materials, Financials and Energy to weigh
    ASX to open lower; US Rush for Cash

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    Monday, 11th May 2009 MDS Morning Wrap

    Monday, May 11th, 2009

    Presented by Michael Hevern
    MDSFinancial

    Click here to watch the presentation.

    or

    Click here to download the mp3 audio recording (1062Kb).

    General Advice Only

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

    DOW: up 1.4% (up 4.5% for Week)
    S&P FINs: Month up 40%;Week +22%; Fri +7.4%
    Stress Test: $75bn Needed;

    NASDAQ: up 1.3% (up 1.5% for Week)
    Switching?; Google $600 Target ($407)
    Employment Job Losses Lower
    Unemployment 8.9%

    FTSE: up 1.3% (up 5.2% for Week)
    Approaching 2009 Highs; Financials Lead
    DAX up 2.3% & CAC up 2.2%

    NIKKEI: up 0.5% (up 4.5% for Week)
    Stress Relief Sends Financials Higher
    Hang Seng up 1.0%

    Oil: down 0.7% (up 10% for Week)
    Economies Recovering?

    Gold: flat ($916) (up 4.5% for Week)
    Commodities Mixed;
    USD Lower

    SPI up 44 (1.1%)
    SPI: Critical Levels: 4000 & 3800
    ASX200 Hits 6 month Highs

    ASX News

    Budget Due Tuesday Night
    MQG to bid for AIG assets
    RMD 3Q09 income +32%; Rev +16%; eps up 34% YoY
    AIO t/o rumours again Only two suitors: Carlyle Group/TPG
    Banks writeoff $1bn/mth in bad loans YTD
    Unemployment falls to 5.4%
    Materials, Financials and Energy to consolidate
    ASX to open higher; US UnStressed

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    Thursday, 7th May 2009 MDS Morning Wrap

    Thursday, May 7th, 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%
    Stress Test: BoA, Citi, Banks to need Capital;
    4 Month High;

    NASDAQ: up 0.3%
    Cisco up 3.4% 3Q Profits Beat Estimates

    FTSE: up 1.4%
    Approaching 2009 Highs;
    DAX up 0.6% & CAC up 1.8%

    NIKKEI: (CLOSED)
    MSCI Asia Index up 12% in April;
    Hang Seng up 2.5%

    Oil: up 4% – At $56
    US Inventories
    Surprisingly Lower

    Gold: up 1.6% ($910)
    Commodities Higher;
    USD Lower

    SPI up 67 (1.6%)
    SPI: Critical Levels: 4000 & 3800
    ASX200 Hits 6 month Highs

    ASX News
    DJS 3Q09 sales -9%; no change to guidance
    NWS net profit inline (NDS Group sale); operating profits down 47%
    LGL 1.2Moz this year & up to 1.5Moz future
    BHP to miss iron ore prod n of 130mt
    Employment figures Thursday
    Materials, Financials and Energy to be recover
    Golds to recover
    ASX to open higher; US UnStressed

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