MDS Financial Blog

Presented by Michael Hevern
MDSFinancial

### NOTE There is an error Date Stamp on the Front Slide – Should Read 11th March ###

Click here to watch the presentation.

### NOTE There is an error Date Stamp on the Front Slide – Should Read 11th March ###

or

Click here to download the mp3 audio recording (1012Kb).

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

SP500 up 0.5%
Financials & Techs Lead;

NASDAQ up 0.8%
Leading The Way;
New Highs

Dollar Index: Steady Around 80 Level
US$ Flat;
A$ up 91.44

FTSE: up 0.7% – New Highs
UK: 21 Months Highs Despite Manufacturing Shrinking
DAX & CAC up 0.9%

CHINA: down 0.7%
China: Inflation/Exports to Lead to Interest Rate Hike;
Hang Seng flat

Oil: up 0.5% ($82)
Running Into Resistance?

Gold: down 1.4% ($1106)
Commodities Mixed;
Dollar Flat

SPI Futures up 20 or 0.4% (Resistance?)
China Faces 60% Rise in Iron Ore Prices

ASX News
Iron – Contract Ore Prices May rise 60%
RIO – discussions with Chinalco re JVs
Gas – Coal seam Gas Stocks in play
AGO – merges with AXO to get port access

ASX – to open marginally higher, again!
US & UK – Steadily Higher

Morning Wrap ASX News, Crude Oil, Gold, stockmarket, trading

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1118Kb).

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

SP500 up 0.2%
Anniversary of Bottom of GFC Meltdown (up 68%);
“Stocks still cheap” Billionaire Kenneth Fisher (Oversees $US37bn)

NASDAQ up 0.4%
Leading The Way;
New Highs

Dollar Index: Steady Around 80 Level
US$ Flat;
A$ up 91.37

FTSE: down 0.1% – Rests
Portugal Next to Fix Deficit Issues (Deficit at 9.3% of GDP)
DAX & CAC up 0.1%

CHINA: up 0.5%
China: Inflation/Exports to Lead to Interest Rate Hike;
Hang Seng flat

Oil: down 0.4% ($81)
Running Into Resistance

Gold: down 0.1% ($1118)
Commodities Mixed;
Dollar Flat

SPI Futures up 7 or 0.1% (Resistance?)
Feb. ANZ Job Ads up 19% (vs Jan 9% fall)

ASX News
AGO – 1H Rev up halves 1H loss to $24m
AOE – Shell/PetroChina t/o $3bn (GS says $6.25)
AGL – $65m option on AOE’s Moranbah Project Shell/PetroChina interested in $1.3bn AGL assets
CIL – t/o target CentreBet (up 10%)
BBG – in court – $53m Indonesian License Suit

ASX – to open marginally higher
US & UK – Steady

Morning Wrap ASX News, Commodities, Crude Oil, Gold, stockmarket, trading

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1070Kb).

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

SP500 down 0.1%
Sales & Profit Expectations at 5 Year Highs M&A Activity;

Dollar Index: Steady Around 80 Level
US$ Flat;
A$ up 90.91

FTSE: down 0.1% – Rests
Portugal Next to Fix Deficit Issues (Defict at 9.3% of GDP)
DAX & CAC flat

CHINA: up 0.7%
China: Hong Kong At 6 Week Highs;
Hang Seng up 2%;

Baltic Dry: Going Up!
Measures Transport of Bulk Commodities

Oil: up 0.4% ($82)
Accumulation

Gold: down 1% ($1120)
Commodities Mixed;
Dollar Flat

SPI Futures up 7 or 0.1% (Resistance?)
1 Year Anniversary of Historic Lows

ASX News
AGO – trading halt pending material transaction
AOE – Shell/PetroChina t/o $3bn (GS says $6.25)
BHP – coking coal prices up 55%
BOW – upgrades reserves 60%

ASX – to open marginally higher
US & UK – Subdued Session

Morning Wrap ASX News, BHP, Commodities, Crude Oil, Gold, stockmarket, trading

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1116Kb).

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

SP500: up 1.4% (3.1% for week)
Jobs Up; M&A Activity;
Consumer Discretionary +3.9%

NASDAQ: up 1.5% (up 3.8% for week)
18 Month High

Dollar Index: Testing Highs
US$ Lower;
A$ up 90.77

FTSE: up 1.3% (up 4.6% for week)
Miners Lead Higher; Greek Concerns Ease;
DAX & CAC +1.4%(up 5% for week)

CHINA: up 0.3% (down 0.9% for week)
China: China is World #2 Energy User to Become Net Exporter of Oil Products
Hang Seng up 1.1% (up 0.7% for week)

Oil: up 1.6% ($82) (up 2.8% for week)
Steady Rise for the week

Gold: flat ($1138) (up 1.5% for week)
Commodities Higher;
USD Lower

SPI:Critical Level(s): 4600 to 4950 (up 5% for week)
SPI up 65 (1.4%)
Positive Move Overseas

ASX News
Insurers – bracing themselves after Melbourne Storms
AOE – Shell $3bn t/o
Gold – 4Q output up 14% (Nemount’s Boddington Mine)
QRL – $2.7bn IPO set for 4Q
BHP – coking coal price up 55% from JFE Steel
ASX – to open higher
US & UK – strong finish to week

Morning Wrap ASX News, BHP, Business News, Commodities, Crude Oil, Gold, stockmarket, technical analysis, trading

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1220Kb).

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

SP500 up 0.4%
Best Retail Sales for 2 Years (+4.1%) – 6th Monthly Gain;
M&A Activity; Non-Farms Payrolls Watch

Dollar Index: Steady Around 80 Level
US$ Higher;
A$ down 90.03

FTSE: down 0.1% – Rests
Greek Cuts Spend by $US6.5bn;PM to Meet German Chancellor
DAX & CAC down 0.3%

CHINA: down 2.4%
China: GS says Stocks Would Benefit From Yuan Appreciation;
Hang Seng down 1.4%;

Baltic Dry: Going Up!
Measures Transport of Bulk Commodities
Oil: down 0.5% ($80)
Accumulation

Gold: down 0.9% ($1132)
Commodities Lower;
Dollar Higher

SPI Futures up 21 or 0.4% (Resistance?)
1 Year Anniversary of Historic Lows

ASX News
CSR – China’s Brightfood’s Talk – nothing firm
CBA – Fitch reaffirms AA credit rating
FMG – may build own Pilbara railway; Forest Oz Richest
FRS – Juniors collective bargaining for rail access
Upgrades – Credit Suisse: BHP, RIO, FMG, CEY, BSL
ABS – iron ore sales to be up 20% 2010
ABS – trade deficit narrows on iron ore exports (7 month lows)

ASX – to open marginally higher, look for profit taking
US & UK – Non-Farm Payrolls Tomorrow

Morning Wrap ASX News, Commodity prices, Crude Oil, Gold, iron ore, stockmarket, trading

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1116Kb).

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

SP500 up 0.1%
Resistance Despite Good Job & Services Data; M&A Activity

Dollar Index: Below 80 Level
US$ Lower;
A$ up 90.54

FTSE: up 0.9% – Swings Higher
EU, IMF welcome Greek $US6.5bn Fiscal Initiatives;
DAX & CAC up 0.7%

CHINA: up 0.8%
China: Growth to Slow – 3rd Richest Man; 2012 Debt to be 96% of GDP;
Hang Seng down 0.2%;

Oil: up 1.3% ($81)
Accumulation

Gold: up 0.2% ($1139)
Commodities Higher;
Dollar Lower

SPI Futures up 8 or 0.2% (Resistance?)
Swings Higher

ASX News
Rates – Interest rates are up 0.25% for all Big 4
WSA – Seeking JV partner(s) for Finland project
Upgrades – Credit Suisse: BHP, RIO, FMG, CEY, BSL
Gold – LGL, NCM playing catchup with spot price
ABS – iron ore sales to be up 20% 2010
GDP – Dec Q up 0.9%; FY upgrade 2.7% (vs 2.4%)

ASX – to open marginally higher
US & UK – Europe positive lead; US flat

Morning Wrap ASX News, Business News, Crude Oil, Gold, stockmarket, trading

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1131Kb).

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

SP500 up 0.2%
M&A Drives Market Higher;

Dollar Index: Steady Around 80 Level
US$ Lower;
A$ up 90.35

FTSE: up 1.5% – Swings Higher
UK: Financials Led by RBS; Miners Down;
DAX & CAC up 1.1%

CHINA: down 0.5%
China: 2012 Debt to be 96% of GDP;JPM & UBS Upgrade Property;
Hang Seng down 0.7%;

Oil: up 1.3% ($79)
Accumulation

Gold: up 1.7% ($1132)
Commodities Higher;
Dollar Lower

SPI Futures up 24 or 0.5% (Support?)
Swings Higher

ASX News
RBA – ups cash rate to 4% – upbeat on 2010 prospects
WBC – raises rates by 0.25%, Big 4 to follow
BHP – Rio & FMG losing $20bn pa by not selling iron ore at cash prices – JBwere
IMF – 2010 commodity price gains to be “moderate” (inventories/spare capacity)
ABS – iron ore sales to be up 20% 2010
GDP – figures out today
XDIVs – NWS, GFF, SHL, …
ASX – to open higher
US & UK – positive leads

Morning Wrap ASX News, Crude Oil, Gold, stockmarket, trading

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1107Kb).

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

SP500: up 1% (flat for Month)
Manufacturing Expands for 7th Month

NASDAQ: up 1.6% (down 0.3% for Month)
Consolidates

Dollar Index: Testing Highs
US$ Higher;
A$ up 90.11

FTSE: up 0.9% (up 3.2% for Month)
Miners & Energy Lead Higher;
DAX up 2% & CAC up 1.6%(down 1% for Month)

CHINA: up 1.2% (up 2.7% for Month)
China: Play Catch up;
Hang Seng up 2.1% (up 2.3% for Month)

Oil: down 1.1% ($79) (up 7% for Month)
Steady Rise for the Month

Gold: flat ($1117) (up 3.5% for Month)
Commodities Lower;
USD Higher

SPI:Critical Level(s): 4500 to 4750 (up 3% for Month)
SPI up 24 (0.5%)
Positive Move Overseas

ASX News
RBA – decision 2:30pm today
ABS – Jan. Retail Trade Data
MCC – roadshow on benefits of GCL t/o
LLC – raises $434m “high degree” of takeup
RIO – ups stake in Ivanhoe (Mongolian project)
ASX – to open higher
US & UK – higher after week of consolidation?

Morning Wrap ASX News, BHP, Crude Oil, Gold, stockmarket, trading

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1128Kb).

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

SP500: up 0.1% (down 0.5% for Week)
Fed Raised Discount Rate; But Fed Rate Remains Hold
Solid Week Despite Poor Data;

NASDAQ: up 0.2% (down 0.3% for Week)
Consolidates

Dollar Index: Testing Highs
US$ Consolidates;
A$ up 89.79

FTSE: up 1.4% (flat for Week)
Fears Douple Dip On Falling Business Investment
DAX up 1.2% & CAC up 1.9% (down 2% for Week)

CHINA: up 0.3% (up 1.1% for Week)
China: Reopens; ;
Hang Seng up 3.6% for Week

Oil: up 1.9% ($79) (down 0.4% for Week)
Volatile Week

Gold: up 1% ($1117) (down 0.5% for Week)
Commodities Higher;
USD Lower

SPI:Critical Level(s): 4500 to 4750 (down 1.2% for Week)
SPI up 16 (0.3%)
Current Support Level Critical

ASX News
WOW – 1H Profit up 11%; f’cast FY 8-11%; $400m buy-back
HVN – 1H profit up 31%; Rev Flat; with IKEA in Springvale
ANZ – Profits up 16% at 31Jan; Bad Debt Provisions down 9%
LLC – $806m capital raising

Reporting:
Mon – NUF EGM; ABS Balance of Trade Figures;
Tues – RBA rate decision
ASX – to open marginally higher
US & UK – flat after week of consolidation?

Morning Wrap ASX News, BHP, Crude Oil, DOW, Gold, stockmarket, trading

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1215Kb).

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

SP500 down 0.2%
Labour Figures Disappoint; Greek Fears Resurface;

Dollar Index: Steady
US$ Lower;
A$ down 88.84

FTSE: up 1.2% – Consolidates?
UK: Financials Led by RBS; Miners Down;
DAX down 1.5% & CAC down 2.1%

CHINA: up 1.3%
China: Property Prices to Correct;
Hang Seng down 0.3%;

Oil: down 2.1% ($78)
Resistance?

Gold: up 0.9% ($1105)
Commodities Lower;
Dollar Lower

SPI Futures up 11 or 0.2% (Support?)
O/S Markets Will Drive Trading

ASX News
IFL – profits up sharply
ORG – f’cast 15% growth in underlying FY profit
TOL – shocks with 32% fall in 1H profit; Loses $1bn in market cap.
LLC – $806m capital raising (@$7.70); Net Profit up 1.3%; Upbeat
RHC – f’cast 18%-20% growth in underlying FY profit; 1H profit up 46%
ANZ – saw cash profits up 16% $1.6bn; FY provisions down 35%

Reporting:
Fri – AGL, CWN, HVN, QBE,WOW, ANZ (update)

ASX – to open flat (Friday – closing Options early)
US & UK – flat leads

Morning Wrap ASX News, Crude Oil, DOW, Gold, stockmarket, trading