MDS Financial Blog

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1025Kb).

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

SP500 up 0.9%
17 Month Highs; PPI Dropped; Nike 3Q Profit Doubles;
S&P Miners & Financials Lead;

NASDAQ up 0.7%
Fed Inflation Under Control;
21 Month Highs;

Dollar Index: Steady Around 80 Level
US$ Flat;
A$ up 92.31

VIX: Measures a Market Volatility
Complacency?

FTSE: up 0.4% – Above Resistance
20 Month Highs; Miners & Banks Lead; Feb. Unemploy. Falls
DAX up 0.9% & CAC up 0.5%

CHINA: up 0.6%
China: Bargain Hunters Step in Banks/Airlines/Techs;
Hang Seng up 1.7%

Oil: up 1.4% ($82)
OPEC – Beautiful
US Inventories Lower

Gold: down 0.4% ($1118)
Commodities Higher;
Dollar Flat

SPI Futures up 18 or 0.4% (Above Resistance)
Europe & US Lead The Way

ASX News
RIO – Stern Hu & 3 execs face court next week (after 8 months)
DJS – profits up 10%; reaffirms FY EPS growth 5% to 10%
Westpac Econ. Activity – Jan up 6.3% turnaround from 0.4% last Aug.

Look to Miners, Energy, Banks for gains
ASX – to open higher
US & UK – positive leads

Morning Wrap ASX News, commodities prices, 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 (861Kb).

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

SP500 up 0.5%
S&P Miners & Financials Recover;
Feb. Reiterates Rates on Hold;

NASDAQ up 0.7%“Bargain” Hunting?

Dollar Index: Steady Around 80 Level
US$ Lower;
A$ up 92.04

CRB: Measures a Basket of Commodities
Recovers

FTSE: up 0.5% – Resistance?
Europe Progresses Greek Solution;
DAX & CAC up 1.2%
CHINA: up 0.5%
China: Bargain Hunters Step in Banks/Airlines/Techs;
Hang Seng down 0.3%

Oil: up 2.4% ($82)
Running Into Resistance?

Gold: up 0.5% ($1127)
Commodities Lower;
Dollar Higher

SPI Futures up 35 or 0.7% (Resistance?)
China Faces 60% Rise in Iron Ore Prices

ASX News
RIO – Competition for Chinalco JVs talks on $12bn Guinea Project (Africa)
TLS – $1.5bn Eurobond sale repay 2020
NAB – $1.3bn in losses (2yrs) (troubled credit instruments -CDOs)
SEV – court clears merger– shareholders lose 8.5% on deal
RBA – concerns over skill labour shortage

Reports – ABS Dec QTR Dwellings; Westpac Econ. Activity
ASX – to open higher
US & Europe – positive leads

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

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (941Kb).

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

SP500 up 0.1%
S&P Financials Recover From 1.1% Slide on AIG;
Feb. Industrial Production Rises;

NASDAQ down 0.2%
Losing Momentum;
Move to Defensives

Dollar Index: Steady Around 80 Level
US$ Higher;
A$ down 91.40

CRB: Measures a Basket of Commodities
Falling

FTSE: down 0.6% – Resistance?
UK: AAA Credit Rating at Risk; Miners Lower;
DAX & CAC down 0.9%

CHINA: down 1.2%
China: Monetary Tightening Drags Market to 5 Week Lows;
Hang Seng down 0.6%

Oil: down 1.6% ($80)
Running Into Resistance!

Gold: up 0.5% ($1107)
Commodities Lower;
Dollar Higher

SPI Futures down 5 or 0.1% (Resistance)
China Faces 60% Rise in Iron Ore Prices

ASX News
RIO – Chinalco JVs talks on $12bn Guinea Project
CBA – plans 3/5/10 year bond sale
SEV – ASIC says reword Westrac merger docs
MPO – raising $60m on 1 for 7 rights at $1.03 (30% disc) to expand Canadian Oil Project

RBA – release of meeting minutes
ASX – to open flat
US & UK – back off

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 (1016Kb).

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

SP500: flat (up 1.1% for week)
S&P500 Futures 11 days of Gains (beats Jan’87 Run)
S&P500 up 9 of 11 Days

NASDAQ: flat (up 2.2% for week)
17 Month High;
Techs up 0.5%

Dollar Index: Testing
US$ Lower;
A$ up 91.79

FTSE: up 0.2% (up 4.6% for week)
Financials Lead Higher; Greek Concerns Ease;
DAX & CAC flat (up 0.5% for week)

CHINA: down 1% (down 0.6% for week)
China: Balancing Act; Wen Jiabao World Risks double Dip
Hang Seng flat (up 1.8% for week)

Oil: down 1.1% ($81) (down 1% for week)
Consolidation During the Week

Gold: down 0.6% ($1101) (down 3.2% for week)
Commodities Higher;
USD Lower

SPI:Critical Level(s): 4750 to 5000 (down 0.5% for week)
SPI (flat)
Positive Move Overseas

ASX News
AOE – may reject t/o offer (at $4.45)
OSH – PNG LNG $15bn project financing completed
Coal – coking coal prices rising on demand, BHP/RIO/Xstrata are shipping coal Brazil to China 10,000m
RMD – anti-trust case over supplying US distributor
RBA – minutes out Tuesday

ASX – to open flat
US & UK – subdued finish to week

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 (992Kb).

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

SP500 up 0.4%
CitiGroup Will be “consistently profitable”-CEO;
Up 70% Since March ‘09;

NASDAQ up 0.4%
US Trade Deficit Narrows on Lower Imports;
Still Leading The Way;

Dollar Index: Steady Around 80 Level
US$ Lower;
A$ up 91.52

Baltic Dry: Measures Bulk Freight Rates
Rising

FTSE: down 0.4% – Around New Highs
UK: Miners Lower; Manufacturing Shrinking
DAX & CAC down 0.3%

CHINA: up 0.1%
China: Inflation/Exports to Lead to Interest Rate Hike;
Hang Seng up 0.1%

Oil: up 0.3% ($82)
Running Into Resistance?

Gold: up 0.02% ($1105)
Commodities Lower;
Dollar Lower

SPI Futures up 9 or 0.2% (Resistance?)
China Faces 60% Rise in Iron Ore Prices

ASX News
MYR – 1H profits up 38% Excl. Float Costs
TLS – bounces off 52 week lows
Actives – Iron, Coal & Coal Seam Gas Sectors
Banks – Big 4 gouging on rates says RBA; Big 4 FY profits expected to be around $20bn
RBA – Jan. Credit Card data out today
ASX – to open marginally higher. It is Friday
US & UK – Steadily Higher

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

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