MDS Financial Blog

Presented by Michael Hevern
MDSFinancial

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or

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

General Advice Only
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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

James Gerrish

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or

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General Advice Only

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In this morning’s wrap…Dow: down 0.2% 18 points
Financial higher
Commods lower;

FTSE: Down 6 points

Structures very positive

CHINA: Down 0.49%
Tracking down trending channel

Oil: Up again $80.20
Iran – political instability

Gold: down 0.78% or $8.70
Commodities lower – USD Higher

SPI: Critical Level(s): Down 2 points
Bounced off 200 DMA
ASX News
Results this morning for:
- Amcor
- Oil Search
- Cons Media
- Aristocrat Leisure
- GPT Group

Fairfax upbeat – Caltex pays divi
Seven – major restructure

Morning Wrap ASX, ASX News, BHP, Business News, Commodities, Crude Oil, DOW

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1150Kb).

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

SP500: up 0.2% (up 3.4% for Week)
Solid Week; Fed Raises Discount Rate;
Best Week Since November

NASDAQ: up 0.1% (up 3% for Week)
Earnings Improve;
Good Manufacturing Data

Dollar Index: Testing Highs
US$ Consolidates;
A$ up 90.02

FTSE: up 0.6% (up 4.5% for Week)
Miners & Financial Lead;
DAX & CAC up 0.6% (up 4.% & 5% for Week)

GERMANY: up 0.6% (up 4.% for Week)
Germany: Post Biggest Weekly Gains Since July;
China: Closed; Hang Seng down 2% for Week

Oil: up 1% ($80) (up 8.1% for Week)
Great Week;
Refinery Strike in France

Gold: up 0.3% ($1117) (up 1.2% for Week)
Commodities Lower;
USD Consolidates

SPI:Critical Level(s): 4500 to 4750 (up 3.5% for Week)
SPI up 58 (1.3%)
Current Support Level Critical

ASX News
SEV – Restructure rumour? Peter Gammell New CEO
CTX – FY report to beat forecasts
CEY – 1H profit up 27%; sees strong demand thermal coal

Reporting:
Mon – SEV, CTX, FXJ, IIN, NIB
Tues – ALL, GPT, OCH, AMC
Wed – DOW, GFF, IAG, LLC, RHC, ORG
Thu – MAP, TOL, ILU, OZL
Fri – AGL, HVN, QBE,WOW, ANZ (update)

ASX – to open higher
US & UK – higher late in session; strong week
US – retailers,Newmont, home builders reporting this week; Bernanke

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

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (997Kb).

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

SP500 up 0.7%
Commodities Support Move;
Momentum from Manufacturing data

Dollar Index: Rebound
US$ Flat;
A$ up 90.18

FTSE: up 0.9% – Pop Continues
UK: First Weekly Gain in a Month;
DAX & CAC up 0.6%

JAPAN: up 0.3%
Japan: Economy Improving;Autos & Airlines Weigh
Hang Seng down 0.5%;

Oil: up 2.3% ($79)
Manufacturing Data Supports Price

Gold: up 0.4% ($1123)
Commodities Higher;
Dollar Flat

SPI Futures up 45 or 1% (Resistance?)
Company Earnings Driving Market

ASX News
WES – 1H10 strong profits up 1%; Eps beats by 20% on Coles;
ASX – 1H10 profit down 2.3%; Rev up 5.7%; profits in 3Q
LGL – disappoints due to Ballarat writedowns
AMP – 1H profits up 27%- Just below; still after AXA
QAN – 1H10 profits down 72%; no interim divy;

Reporting:
Fri – BBG, CEY, HTA, PTM, PPX, NAB
ASX – to open higher
US & UK – positive leads

Morning Wrap 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 (867Kb).

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

SP500 up 0.4%
Fed: Reiterates Low Interest;
See Recovery is Well Underway

Dollar Index: Rebound
US$ Higher;
A$ down 89.89

FTSE: up 0.6% – Pop Continues
UK:Financials Rise; Barclay & Man Group Up;
DAX & CAC up over 1.1%
CHINA: Closed for Week
China: Currency Focus;
Hang Seng up 1.3%;

Oil: up 0.5% ($77)
Iranian Tensions;
Nuclear Plant Funding

Gold: down 0.9% ($1108)
Commodities Lower;
Dollar Higher

SPI Futures up 12 or 0.3% (Resistance?)
Miners and Financials look Consolidation

ASX News
AMP – 1H profits up 27%- Just below; still after AXA
QAN – 1H10 profits down 72%; no interim divy;
ABC – Profits up 2%
CCL – 1H10 profits up 16%; slightly below
CSL – 1H10 profits up 23%;

Reporting:
Thu – AMH, ASX, CIF, LGL, QAN, SGM, WOR, ABC, WES
Fri – CEY, HTA, PTM, PPX, NAB

ASX – to open higher
US & UK – higher

Morning Wrap ASX News, BHP, Commodities, 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 (1077Kb).

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

Dollar Index: Recovers
US$ Flat;
A$ up 88.92

FTSE: up 1.1% – Nearing Resistance
UK:Greek Concerns; Financials & Miners Rise
DAX up 0.1% & CAC up 0.3%

CHINA: up 1.1% – Volatility Rising
China: Concerns Over Excess Capacity;
Hang Seng (closed);

BALTIC DRY: Shipping Activity Measure
Shipping Rates Lower

Oil: down 0.2% ($74)
US Holiday;
Iranian Tensions

Gold: up 0.9% ($1100)
Commodities (NYSE closed);
Dollar Flat

SPI Futures down 4 or -0.1%
Stimulus Spending Helps Sees
Unemployment Falls to 5.3%

ASX News
AWB – to pay $39.5m for Iraqi kickback class action
BSL – 1H $28m loss (turnaround from June $473m loss);FY small profit
BEN – 1H cash profit up 24% on interest rate margin improvements
ANZ – secures Indian banking license
HSP – 1H profit up 17.5%; Rev up 9.4%; aims for 2000 aged-care beds
MAH – Awarded $500m contract from BHP (WA)
LEI – Gets $800m contract from Wesfarmers (Bowen Basin QLD)

Reporting:
Tues – MGR, WYL, PRY, OST, FGL
Wed – BXB, CCL, COU, IIF, AXA, ANN, BTA, CSL, TRS,TCL, CEU, DOM
Thu – AMH, ASX, AEO, CIF, LGL, QAN, SGM, WOR, ABC, WES
Fri – CEY, HTA, PTM, PPX, NAB

ASX – to open lower – RBA meeting minutes
US & UK – US closed; UK lower late in session

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 (822Kb).

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

SP500: down 0.3% (up 1.0% for Week)
Closed Monday;
Solid Week After 4 Down Weeks

NASDAQ: up 0.3% (up 2.2% for Week)
Bargain Hunters;
First week up in Four

Dollar Index: Testing Highs
US$ Consolidates;
A$ down 88.82

FTSE: down 0.4% (up 1.7% for Week)
Eurozone Weighs;
DAX down 0.1% & CAC down 0.5% (+1.% for Week)

CHINA: up 1.1% (up 2.7% for Week)
China: Tightens Again: Reserves to Increase a Further 0.5%;
Hang Seng down 0.1%(up 3.3% for Week)

Oil: down 1.5% ($74) (up 3.1% for Week)
Tested Support

Gold: down 0.4% ($1092) (up 4% for Week)
Commodities Lower;
USD Consolidates

SPI:Critical Level(s): 4400 to 4650 (up 1.4% for Week)
SPI down 18 (-0.4%)
Current Support Level Critical

ASX News
LEI – 1H10 profits double;
NCM – 1H10 profits up 14%; introduces divy
BSL – Loss inline; cuts interim divy

Reporting:
Mon – BSL, BEN, CRG
Tues – MGR, WYL, PRY, OST, FGL
Wed – BXB, CCL, COU, IIF, AXA, ANN, BTA, CSL, TRS, TCL, CEU, DOM
Thu – AMH, ASX, AEO, CIF, LGL, QAN, SGM, WOR, ABC, WES
Fri – CEY, HTA, PTM, PPX, NAB
ASX – to open lower
US & UK – lower late in 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 (2Kb).

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

SP500: up 1.3%
US: Financials & Techs Recover;Energy Leads
EU Reviews Bailout for Sovereign Debt Issue

Dollar Index: Euro Recovers
US$ Down;
A$ up 87.87

FTSE: up 0.4% – Support
UK:Concerns Ease;Trade Deficit up Most in Year;Retail Lower
DAX up 0.3% & CAC up 0.2%

CHINA: up 0.5% – Volatility Falling
China: Clive Palmer Coal $60bn Contract in Doubt;
Hang Seng up 1.2%;

Oil: up 2.7% ($74)
US Stormy

Gold: up 1.1% ($1078)
Commodities Higher;
Dollar Lower

SPI Futures up 40 or 0.9%
Bargain Hunting

ASX News
BHP – expect 1H10 Net Profit $US4.5bn (vs $US2.6bn);Rev $US22bn
CBA – expect 1H10 Op Profit $1.3bn (vs $2.5bn);
AWC – FY NPAT $2m loss; Reinstates divy
BKN – 1H10 profits down 26%
DJS – Outshines rivals; 1H Sales +2.3%; 2H 5-10%growth
MQG – murky outlook; 10% in 2H10 (lower)

Reporting:
Wed – CBA,BLD,SGP,BHP,CPU (1H10)
Thu – JHX (Q3), TLS (1H10), RIO (FY)
Fri – LEI, NCM (1H10)
ASX – to open higher – bargain hunting
US & UK – positive session

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