Posts Tagged ‘share market’
Tuesday, April 7th, 2009
Presented by Michael Hevern
MDSFinancial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (1185Kb).
General Advice Only
*************************************************
In this morning s wrap
DOW: down 0.5% – Below 8000
Mayo: [bank]loan losses [to]…exceed the Great Depression
Financials Drag On Markets;
NASDAQ: down 0.9%
IBM may Shelve $US7bn SUN Deal;
Profit Taking Ahead of Earnings
FTSE: down 0.9% – Below 4000
UK Companies Most Profit Warnings Since 2001
DAX down 0.8% & CAC down 1%
NIKKEI: up 0.3%
Japan s Stimulus $A139bn (2% of GDP)
Hang Seng up 3.1%
Oil: up 0.6% – At $51
Momentum Slowing
Gold: down 2.6% ($871)
Commodities Lower;
USD Lower
SPI down 21 (-0.6%);
SPI: Critical Levels: 3800 & 3600
ASX News
* SEV eyeing FXJ “once in a life time”
* RIO Plan B $US8bn capital raising
* MQG launches Indian Infrastructure Fund
* IAG raises $84m
* RBA Decision this today
* Energy & Golds to weigh
* Financials & Materials to weigh
* ASX to open lower US Lower on Financials
Tags: ASX News, Commodity prices, Crude Oil, gold price, Nikkei, Rio Tinto, share market, stock market, 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 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
Wednesday, February 25th, 2009
Presented by Michael Hevern
MDS Financial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (1267Kb).
***************************************************
In this morning’s wrap…
DOW: up 3.3%
Short Cover Rally off 12 Year Lows;
Ben says : No to Bank Nationalisation
NASDAQ: up 3.9%
Microsoft down 0.2%;
Cisco & Apple up +4%
FTSE: down 0.9% (down 41% YTD)
S&P to Review EU Insurers;
DAX down 2% & CAC down 0.7%
NIKKEI: down 1.5% – Below 7900
Yen Weakens;
Hang Seng down 2.8%
Oil: up 4% – At $40
Economies
& Oil Price Linked
Commodities Up;
USD Lower
Gold: down 2.9% ($966)
SPI up 70;
Bouncing off November Lows
SPI: Critical Levels 3420 & 3220
ASX News
- VBA Soars despite booking $101m loss
- FMG China s Valin Steel to buy $776m (16.5% stake)
- WPL Gas discovery in Carnavon Basin
- OSH increased profits (up 70%) & exploration cuts to save
- ASX to open sharply higher US bounces off 12 year lows
Tags: ASX, ASX News, Dow, FTSE, investors, Nasdaq, Nikkei, S&P 500, share market, shareholders, spi
Posted in Stock Market Analysis | No Comments
Tuesday, February 24th, 2009
Rio Chinalco
- As Rio s board of directors discusses the Chinalco alliance, only one Australian voice remains. Rod Eddington has chosen to stand aside from voting on this issue, due to a perceived conflict of interest.
- Shares were sold off yesterday, following concern that shareholder backlash could lead to a shakeup of board and management positions, according to a report in the Herald Sun.
- Rio is thought to be working on an arrangement to allow institutional investors access to bonds on similar terms to those offered to Chinalco, in an effort to appease the dissenting shareholders.
Fortescue Metals
- Trading has been halted while the company seeks to raise $500 million to fund the expansion of operations at its Pilbara iron ore mine. Investment is expected to come from institutional investors and Chinese steel group Hunan Valin.
OZ Minerals
- OZ has met the first of two conditions required for Minmetals to proceed with its takeover bid. The second condition, an agreement by OZ s banks to a debt facility extension, is expected to be met by Friday.
- Unconfirmed rumours suggest OZ is planning to sell its Martabe gold project in Indonesia, and that BHP Billiton may bid for the Prominent Hill mine.
Further information:
Tags: ASX, ASX News, Australian mining companies, BHO Billiton, Chinalco, Fortescue Metals, investors, OZ Minerals, Rio Tinto, share market, shareholder, stockmarket
Posted in ASX Company News | No Comments
Tuesday, February 17th, 2009
Chinese state-owned Minmetals has announced a $2.6 billion takeover offer for OZ Minerals.
Like the BHP Chinalco deal, this will require federal government approval, so what are the considerations under review?
- Unlike the Rio deal, this would be a full takeover
- OZ is presenting the deal as a lifeline, and the only feasible alternative to receivership and the resulting implications for jobs, shareholder losses and growth projects
- The strategic importance of copper and zinc to Australia, arguably less important than the iron-ore Rio hopes to sell off
- The merits of the deal itself are complicated by external economic conditions
- National interest must be balanced with potential for a long-term strategic partnership with China
Traders and investors can again join in the action with OZ resuming trading today, after a halt called in November. Shares jumped up 29% this morning.
For your watchlist:
Further information:
Tags: ASX, BHP, Chinalco, Commodities, investing, OZ Minerals, share market, share price, stock market, trading
Posted in ASX Company News | No Comments
Tuesday, February 17th, 2009
There may be some confusion in the market as to Fosters plans for its wine business.
Following poor results from its wine arm, Foster s plans sell off 36 non-core vineyards, however it will retain a wine portfolio in a reshaped business separate from the beer, cider and spirits divisions.
It expects the restructure will generate a net $100 million a year in cost savings in fiscal 2011.
Fosters shares rose 2.7% in early trading today.
For your watchlist:
- Foster s Group: FGL (ASX)
Further information:
Tags: ASX, fosters, investing, share market, share price, stock market, trading
Posted in ASX Company News | No Comments
Tuesday, February 17th, 2009
Presented by Michael Hevern
MDS Financial
Click here to watch the presentation.
or
Click here to download the mp3 audio recording (913Kb).
**************************************************
In this morning’s wrap…
World Indices
US markets closed for President s holiday
S&P 500 Futures down 1.3%
MSCI World Index down 9.7% YTD
G7 meeting outcome: bailout packages will not prevent severe economic decline in 2009
FTSE down 1.3%
- GDP figures revised to double the expected fall
- UK insurers: Legal & General cut its dividend; UK Prudential down 8% and Lloyds down 8.1%
NIKKEI down 1%
- below the critical 7900 level
- exporters weigh on strong Yen
- reversed 2-day fall on Euro and US Dollar
- GDP annualised 12.7% decline
Commodities
Oil down 0.6% ($37)
Gold down 0.3% ($941)
Silver, aluminium, lead, copper, and zinc all down
- volumes lighter due to US holiday
Local Index
SPI up 2
- continued focus on reporting
ASX News
Oz Minerals: bid from Minmetals in China
Fosters: to split beer and wine businesses
Annual results: WPL, ILU, LGL,CTX, and NCM
Wesfarmers: 1H profits up 46%
Brambles: profits down 28%
RBA: minutes today
Pan Australia: read this morning s Hot Goss for commentary
ASX likely to open weaker today, no lead from the US
Tags: ASX, ASX News, Commodities, Dow, gold price, investing, Nasdaq, Nikkei, oil price, S&P, share market, shareholders, spi, stock market, trading
Posted in Stock Market Analysis | No Comments
Monday, February 16th, 2009
Rio Tinto s $30 billion deal with Chinalco has angered some shareholders and institutional investors.
Legal & General, a British based institutional investor and Rio s second largest shareholder is leading the opposition.
Among the concerns:
- The deal overrides the pre-emption principle, which would give existing shareholders the first option to buy new shares
- Rio has agreed to sell assets and shares at a low price, in order to secure the deal
- Chinalco might use its new influence to provide China with cheaper supplies of raw materials
Some Rio Tinto shareholders are urging BHP to launch a second takeover bid for Rio, and institutional investors are promising to provide the finance in an effort to foil Rio s Chinalco deal.
Stocks for your watchlist:
- BHP Billiton: BHP (ASX, New York Stock Exchange); BLT (London Stock Exchange)
- Rio Tinto: RIO (ASX, London Stock Exchange); RTP (New York Stock Exchange)
Further Information:
Tags: ASX, BHP, Chinalco, Investor, LSE, NYSE, Rio, share market, shareholder, stock market, trader
Posted in ASX Company News | No Comments
Tuesday, February 10th, 2009
Vodafone Australia and Hutchison 3 are set to merge, creating Australia s third-largest mobile operator.
The new competitor, to be called VHA Australia, will be a stronger challenger to Optus, currently the second-largest operator behind Telstra.
Products and services will be marketed under the Vodafone brand, will have around 6 million customers and revenue of around $4 billion.
Hutchison s Chief Executive has signalled the merger requires synergies which will result in an unspecified number of job losses and potentially store closures.
However, an article in today s Sydney Morning Herald suggests the cost cutting advantages of the merger may be compromised by a tangle of network sharing arrangements between Vodafone, Hutchison, Optus and Telstra.
Stocks for your watchlist:
- Hutchison Telecommunications: HTA (ASX)
- Singapore Telecommunications: SGT (ASX); STEL (SGX)
Further info:
Tags: 3, ASX, economy, Finance, hutchison, investing, Optus, share market, share trading, stock market, telco, Telecommunications, Telstra, trade
Posted in ASX Company News | No Comments
