MDS Financial Blog

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1330Kb).

General Advice Only
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In this morning’s wrap…

DOW: down 1.9%
SP500 Corporate Earnings to Fall by 36%

NASDAQ: down 2.3%
Merrill: Likes Chipmakers for Cyclical Rebound

FTSE: Down 0.2% (10 Week Lows)
Factory Production Declines 0.5% (1st in 3 Months)
DAX down 1.2% & CAC down 1.1%

NIKKEI: down 0.3%
Japan: BoJ Needs to Supply Further “Emergency” Funding
Hang Seng down 0.7%

Oil: Down 1.8% ($62)
CFTC: Tighter Controls Over Speculators;
Possible Double Top

Gold: up 0.4% ($928)
Commodities Lower;
USD Higher

SPI down 62 (1.7%)
SPI: Critical Level(s): 3850 to 3600

ASX News

RBA – leaves rates on hold
Jobs – reports this week expect 5.9% unemployment (vs 5.6% previously)
RIO – missing 4 negotiators in China
ABB – cuts 2009f profits by 32% ($10m)
AMC – close finalising $1.2bn capital raising
OSH/STO – Korea Gas (World #1 LNG buyer) & Mitsubishi Corp to jointly buy stakes in LNG plants (Australia/Canada)
Materials & Energy stocks to weigh;
Banks to weigh
ASX – to open lower;
US & UK – negative lead;

Morning Wrap ASX News, Business News, Commodities, nasdaq, S&P 500, stockmarket, trading

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (978Kb).

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

DOW: up 0.7%
Positive Manufacturing Reoirts;
Schiller Home Price Index Down 18%

NASDAQ: up 0.6%
Chipmakers Lead: Intel up 3%

FTSE: up 2.1%
Miners Lead Recovery;
DAX up 2% & CAC up 2.5%

NIKKEI: down 0.1%
Japan: Toyota Fitch Rating Cut A+ (Annual $5.7bn Loss)
WTO Cuts Trade Forecasts

Oil: Down 1% ($69)
Profit Taking;
Possible Double Top Setup

Gold: up 1.1% ($944) (up 1% FY09)
Commodities Higher;
USD Lower

SPI up 16 (0.4%)
SPI: Critical Level(s): 3850 to 4050

ASX News
BOQ – to suffer from Storm Financial litigation
SUN – New CEO Patrick Snowball – breakup?
China – to Accept Iron Ore at Asian Prices (33% disc); watch BHP/RIO/FMG
PMI shows 4 consecutive months of expansion
Materials & Energy stocks to see recovery;
Banks to hold
ASX – to open higher;
US & UK – positive

Morning Wrap BHP, Business News, Commodities, DOW, economy, finance, nasdaq, shareholders, stockmarket

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (889Kb).

General Advice Only

*************************************************
In this morning’s wrap…

DOW: down 3.6%
BoA Profit $4.2bn BUT
Sees Credit Deterioration;

NASDAQ: down 3.9% – Profit taking
IBM Disappoints;
Oracle Bids for Sun

FTSE: down 2.5%
Financials Weigh;
DAX down 4% & CAC down 4%

NIKKEI: Flat (6 weeks up 24%)
BoJ to Cut Economic Outlook;
Nippon Steel Annual Income down 60%;
Hang Seng up 0.9%

Oil: down 9% – At $45
Symmetric Triangle Resolved to Downside

Gold: up 1.9% ($887)
Commodities Lower;
USD Higher

SPI down 71 (1.9%)
SPI: Critical Levels: 3800 & 3600
Rudd: “Recession Inevitable”

ASX News

• CBA – In for a “Storm” – up to 8% commissions
• RIO – talks up Chinalco bid
• AIO – Still takeover talk
• TLS – 70 days to find new CEO
• Materials & Financials to weigh
• Golds to recover
• ASX – to open lower – US – lower on BoA report
• US Busy Earnings Reporting
Tue. Apr. 21st : Texas Instruments, AMD, SanDisk, Broadcom, Yahoo!
Wed. Apr. 22nd: Apple Ebay, EMC
Thr. Apr. 23rd: Microsoft, Amazon

Morning Wrap ASX News, Commodities, DOW, finance news, nasdaq, stockmarket, Telstra, trading

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1181Kb).

***********************************************

In this morning’s wrap…

DOW: up 0.8% (up 9% for Week)
Spreading the Word – Bernanke on 60 Minutes
Financials Stellar Week (up 36%)

NASDAQ: up 0.4% (up 9.5% for Week)
Just Below Critical Levels; Apple +14% & Intel +18% for Week

FTSE: up 1.1% (up 6% for Week)

G20 “Sustained Effort” to Restore World Growth
DAX up 1% & CAC up 0.4%

NIKKEI: up 5% (up 5.3% for Week)
China Sees Gains in Factory Spending
Yen (2mo Low); Hang Seng up 4.4%

Oil: down 2.8% – (up 0.4% for Week)
OPEC No Cuts
Hold $45

Gold: up 0.6% ($929) – Support Holds
Commodities Up
USD down

Baltic Dry: up 45% Since 2-Feb
Proxy for World Trade

SPI: Critical Levels: 3420 & 3220
SPI up 26;
ASX200 : up 6.3% for Week

ASX News
* RIO – regulators (FIRB) extra 90 days to review Chinalco proposal
* Babcock – Administrators
* Look to Golds to hold
* Energy to weigh
* Financials likely to support
* Look to engineering sector to have an active week
* ASX – to open higher – US Government to sell the recovery story

Morning Wrap ASX, Ben Bernanke, Commodities, Crude Oil, ftse, gold price, nasdaq, NIKKEI, Rio Tinto, stockmarket

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (939Kb).

**********************************************
In this morning’s wrap…

DOW up 3.5%
Madoff “Sorry” But will be Jailed on $US65bn Fraud
GE Loses AAA Rating
NASDAQ: up 4%
Above Critical Levels; Outperforms Again

FTSE: up 0.5% (off 2003 Lows)
DAX up 1% (VW YTD Sales down 15%)
& CAC up 0.7%

NIKKEI: down 2.4% (down 19% YTD)
Fears on Earnings & Economic Contraction
YEN (2month Lows);
Hang Seng: up 0.6%

Oil: up 11% – At $46
Russian Output Cut

Gold: up 1.8% ($928) – Support Holds
Commodities Down
USD down

SPI: Critical Levels: 3420 & 3220
SPI up 58;

ASX News
NAB – cuts divy by 25%
Look to Golds & Energy to lead
Financials likely to support
ASX – to open higher – US pops
Remember it is Friday 13th

Morning Wrap ASX News, Commodities, Crude Oil, DOW, ftse, investing, Madoff, market wrap, nasdaq, NIKKEI, stockmarket

Presented by Michael Hevern
MDSFinancial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (872Kb).

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

DOW up 5.8%
Citi Profitable (best QTR since 3Q07);
Financials Short Covering;

NASDAQ: up 6.6%
Bounces Off Critical Levels; Outperforms Again

FTSE: up 4.9% (2003 Lows)

DAX up 5.3% & CAC up 5.8%

NIKKEI: down 0.4%
Hang Seng up 3.1%

Oil: down 3.1% – At $45
OPEC to Cut;Profit Taking

Gold: down 2.8% ($892) – Breaks Support
Commodities Higher
USD down

SPI up 99;
SPI: Below Levels:3320 & 3220
Found for Support

ASX News
* ESG – capital raising
* BHP & RIO ADRs up over 10%
* Look to Gold to weigh
* Financials to lead
* ASX – to open sharply higher – US regulation over financial system

Morning Wrap BHP, Commodities, Commodity prices, DOW, ftse, Gold, nasdaq, NIKKEI, oil price, RIO, spi

Presented by Michael Hevern
MDS Financial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1258Kb).

*************************************************

In this morning’s wrap…

DOW: down 0.6%
Bernanke: Banking system yet to stabilise;
Fed: $US200m boost to consumer lending

NASDAQ: down 0.2%
At critical levels;
Google execs get millions in bonuses

FTSE: down 3.1% (2003 Lows)
Financials lead selloff
- Lloyds & Barclay down 6%
- Energy down BP -4%; Shell -5%

DAX down 1% & CAC down 0.5%

NIKKEI: down 0.7% – Closing in on 7000
Auto sales and demand plunge (Nissan 27% in prod’n);
Panasonic raise $4bn; Yen stabilises (3mo Lows);

Oil: up 3.2% – At $41
OPEC to cut;
Price holds

Gold: down 2.5% ($915)
Commodities Up
USD up

SPI: Critical Levels 3220 + 3000
SPI down 25; 3000 Here We Come
Banks shake off Moody’s

ASX News

• RIO – awaits FIRB regulatory review

• AMP – to raise $300m

• BLD – to sell $30m in assets

• MacBank – off at 10yr lows (up 10%)

• AIO – up 41% – no reasons given

• RBA – rates on hold (expect ~2% by end)

• Aus Reports: GDP

• Miners, Energy & Banks to stabilise

• ASX – to open weaker – US – 12yr lows

Morning Wrap ASX, ASX News, DOW, ftse, gold price, market wrap, nasdaq, oil price, world indices

Presented by Michael Hevern
MDS Financial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1139Kb).

***************************************************

In this morning’s wrap…

DOW down 4.2%
11 yr lows
AIG $US62bn 1Q Loss;
Key DOW supports: Chevron, Exxon, McDonalds, IBM

NASDAQ: down 3.8%
At Critical Levels;
IBM up 4% YTD

FTSE: down 5.3% (6yr Lows)
Financials lead Selloff
HSBC – 70% Profit Slump on bad debt issues; to raise $28bn at significant discount; to cut 6100 jobs
Lloyds down 15%; Standard Chartered down 12%
Energy stocks down 4% to 6%
Miners down: BHP & RIO down 6%; Xstrata down 14%

DAX down 3.5% & CAC down 5% on EU Bank Crisis

NIKKEI: down 3.8% – Closing in on 7000
Companies Review Div Policies (Sony);
Yen Weakens (3mo Lows);

Oil: down 10% – At $40
Reality Check

Gold: down 1.6% ($926)
Commodities Down
USD up

SPI: Critical Levels 3220 & 3000
SPI down 78; 3000 Here We Come
Moody’s – Aussie banks negative outlook

ASX News

• MQG – at 10yr lows; satellite funding worries

• Moody’s – Aussie banks negative outlook

• DOW – signs $440m contract – Xstrata Coal

• FXJ – raises $684m (3 for 5 rights)

• Aus Reports: RBA; GDP

• Miners, Energy & Banks to weigh

• ASX – to open sharply weaker – US – 12yr lows

Morning Wrap ASX, ASX News, DOW, ftse, gold price, investors, nasdaq, oil price, shareholders, spi, stockmarket, stocks, traders

Presented by Michael Hevern
MDS Financial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1178Kb).

*******************************************************

In this morning’s wrap…

DOW: down 1.2%
Obama: Wants More Bailout ($US750bn);
Seeks $1tr Tax Increase (on 2.6m Higher Earners)

NASDAQ: down 1.7%
Microsoft down 2.4% & Cisco down 1.2%;

FTSE: up 1.7%
Bank Nationalisation (RBS $53bn loss – Govt owns 80%); Banks up 8.5%; DAX & CAC up 2%

NIKKEI: Flat – Below 7900
Jan. Exports down 46%; Trade Deficit Worst on 20yrs Yen Weakens (3mo Lows);

Oil: up 4% – Above $40 ($44)
US Inventories Down;
Trading the Range

Gold: down 2% ($946)
Profit Taking
USD down

SPI: Critical Levels 3420 + 3220
SPI down 21;
Bouncing off November Lows

ASX News

• LLC – 1H09 loss $596m (cf $250m profit) cuts 1700 jobs

• QBE –profits Steady – helped by $409m FX gains

• TTS – Profit up 9%; Rev up 5%; F/cast slow 2H09

• ANZ – cuts divy by 25% – to bolster balance sheet

• TLS – Sol to leave with $3m payout ($33m total)

• OZL –D-day – debt refinance

• Report -1H: WOW, CWN, PPX, DOW, HVN

• Report -FY: QBE, OZL TIM

• ASX – to open weaker – US still testing 12 year lows

Morning Wrap ASX, ASX News, Commodity prices, DOW, ftse, gold price, Hang Seng, investors, nasdaq, NIKKEI, oil price, shareholders, spi

Presented by Michael Hevern
MDS Financial

Click here to watch the presentation.

or

Click here to download the mp3 audio recording (1093Kb).

**************************************************

In this morning’s wrap…

DOW: down 1.1%
DOW Transport down 45% YoY;
Bank “Stress Tests”

NASDAQ: up 0.1%
Microsoft & Cisco down 1.2%;
Apple up +1%

FTSE: up 0.9% (down 40% YTD)
BoE says: recession may intensify “significantly”; DAX down 1.2% & CAC down 0.4%

NIKKEI: up 2.6% – Below 7900
Yen Weakens; Japan Deeper Recession;
Hang Seng up 1.6%

Oil: up 6% – Above $40 ($42)
Petrol Stockpiles Down;
US Inventories Down Again

Gold: down 0.4% ($965)
Commodities Up;
USD Lower

SPI: Critical Levels 3420 & 3220
SPI down 10;
Bouncing off November Lows

ASX News

• FMG – shelves $500m capital raising

• China’s Valin to buy $776m (16.5% stake)

• WPL – raising $US1bn Corp Bonds;5 & 10 yr @6%

• OZL – Friday D-day – debt refinance; Minmetals bid

• PBG – first loss($150m);` cuts 1850 jobs

• GFF – 1H09 profits down 22% – commodity costs

• WOR – 1H09 profit up 29%; Rev up 39%; f/cast growth

• ANZ – cuts divy by 25% – to bolster balance sheet

• TLS – reports – Sol to leave

• ASX – to open weaker – US testing 12 year lows

Morning Wrap ASX, ASX News, Commodity prices, DOW, ftse, gold price, investors, nasdaq, NIKKEI, oil price, S&P 500, sharemarket, stockmarket