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  • ASX Company News | Online Stockmarket Trading Update
    session Commodities The Dollar Index was at lower 79 53 on a higher Euro while the Australian Dollar last traded higher at 1 047 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 1 0 settled at US97 41 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 6875 while February Gold was up 0 6 or US9 80 at US1 662 70 ASX News Today Coal Price of coal could rise in the wake of the wild weather from ex tropical cyclone Oswald BPT Beach Energy the oil and gas producer still expects to meet its full year production targets despite a fall in the second quarter of the financial year Insurers Insurers were sold down after feeling the pain from ex tropical cyclone Oswald with nearly 10 000 claims lodged and the damage bill at 116 million and rising LKO Lakes Oil the veteran oil and gas explorer says mining billionaire Gina Rinehart has secured a major stake in the company LLC Lend Lease the construction group has won a A364 5 million contract to build 3 500 student apartments across England LYC Lynas Corporation says a state based High Court in Malaysia has denied an application by environmental activists to seek a judicial review the licensing process for its rare earths processing plant MQG Macquarie Group s private wealth business has been reprimanded by the corporate watchdog for failing to comply with industry standards OSH Oil Search says a strong final three months of the year has helped it produce 6 38 million barrels of oil equivalent mmboe in 2012 which is within the company s guidance range of 6 2 to 6 7 mmboe PXS Pharmaxis expects to find out later this week the results of a key US review of its cystic fibrosis treatment Bronchitol QAN Qantas has confirmed a flight that had to be diverted en route from Brisbane to Townsville was having cabin pressure problems Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Ease Near All Time Highs Tuesday January 29th 2013 US stock markets ended flat overnight but are getting closer to their all time highs European stock markets ended flat overnight supported by last week s better than expected manufacturing data Asian stock markets traded higher yesterday except for Japan Commodities prices were mixed Gold prices are trading around US1 652 while crude oil closed around US96 The Australian market is looking to open flat today as stock prices were mixed in the US and European markets overnight Last week the Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season in another been a busy week with S P500 corporates reporting their quarterly results Locally coal producures and insurers will be in focus likely to be negatively impacted by the Queensland floods The SPI Futures is trading above the key level of 4700 ended down 0 1 or 3 points at 4830 The key levels for our index today are 4790 to 4840 See below for ASX listed companies in the news today US Markets US stock markets ended flat overnight but are getting closer to their all time highs The three benchmark indexes ended higher last week with the Dow Jones Index and the S P500 index trading at 5 year highs and only 4 below all time highs All the S P500 sectors ended in the red except for Technology up 0 4 with the falls led by the Materials down 1 followed by Healthcare Consumer related and Financials sectors all down over 0 4 The next target for the S P500 is still 1525 in the near term Economic news was mixe with a drop in pending home sales down 4 3 in December offsetting a rise in durable goods orders up 4 6 0n month while investors continued to digest earnings and look forward to the Non Farm Payrols retport due out Friday Near term investors are focusing on corporate earnings with another busy week for the S P500 components Of the 150 S P500 companies that have reported 113 have exceeded expectations according to Bloomberg surveys The tech sector was supported by Apple up 2 3 after reporting its slowest profit growth since 2003 earlier in the week The Dow Jones closed down 0 1 at 13 882 the S P 500 index down 0 2 at 1 500 the Nasdaq ended down 0 2 at 3 154 and the smaller cap Russell 2000 was up 0 2 European Markets European stock markets ended flat overnight supported by last week s better than expected manufacturing data The Stoxx 600 was ended eased 0 1 for the session but is still at levels not seen since February 2011 The index is up 3 5 for the year The earnings season heats up with 41 companies listed on the Europe Stoxx 600 are due to report earnings this week The three benchmark indexes all ended flat but remain near their recent highs up and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union Trader sentiment was dampened byt last week s news that the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 2 at 6 294 in Germany the DAX closed down 0 3 at 7 833 while in France the CAC closed up 0 1 at 3 780 and Spain closed down 0 6 Asian Markets Asian stock markets traded higher yesterday except for Japan with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 3 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering but Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market fell again snapping its longest weekly winning streak in more than 40 years after the BoJ Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares charged to their highest level in seven months after industrial profits climbed for a fourth month in December with the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today The National Bureau of Statistics also helped by reporting Chinese industrial companies profits rose 17 percent to 895 billion yuan US144 billion in December on year In China the SSE Composite up 2 4 at 2 346 while in Hong Kong the Hang Seng Index closed up 0 4 at 23 672 and in Japan the Nikkei 225 Index was down 0 9 at 10 824 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 79 on a higher Euro while the Australian Dollar last traded lower at 1 041 Commodities prices traded mixed For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 44 Copper prices are looking for key support level as Copper for February delivery was up 0 3 at US3 6615 while February Gold was down 0 2 or US3 70 at US1 653 ASX News Today AGO Atlas Iron could beat its full year sales guidance after shipping more lower grade iron ore than expected in the December quarter BPT Beach Energy is expected to release its first half report on Tuesday LEI Leighton Holdings subsidiary Thiess has won a 175 million maintenance contract with Sydney Water MIN Mineral Resources says Gina Reinhart has sold her stake at 10 share OSH Oil Search is expected to release its fourth quarter production report on Tuesday RMD ResMed the Sleep disorder specialist has lifted its second quarter net profit by 24 percent to 74 8 million ahead of market expectations SFH Specialty Fashion Group teh womenswear retailer says a major reason behind a huge jump in projected first half profit is that it no longer sells cheap China made copies of overseas designs WHC Whitehaven Coal has won state planning approval for its Tarrawonga Coal Mine Expansion Project in north west NSW Ex dividend Date None Market Summary ASX to open flat US UK Europe mixed US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Higher As Investors Play Catchup Friday January 25th 2013 US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs European stock markets continued higher overnight on the back of better than expected manufacturing data Asian stock markets traded lower yesterday despite the Chinese Flash PMI numbers improving Commodities prices were lower Gold prices are trading around US1 667 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US and European markets overnight Note it will be busy this morning with options settlements The Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season and it has been a busy week with a fifth of the S P500 corporates reporting their quarterly results The SPI Futures is trading above the key level of 4700 ended up 0 3 or 16 points at 4797 The key levels for our index today are 4770 to 4830 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs despite falls in technology stocks The three benchmark indexes ended higher except for the tech heavy Nasdaq overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 closed just below 1500 with all sectors ended in the green except for Technology down 1 7 with the gains led by the Healthcare Consumer related and Financials sectors all up over 0 6 Next target for the S P500 is 1525 in the near term Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term Positive trader sentiment was driven by the better than expected weekly jobs data where claims for jobless benefits in the US unexpectedly dropped elsewhere a report showed the index of leading economic indicators a gauge of the outlook for the next three to six months climbed 0 5 percent last month Also Chinese manufacturing expanded at the fastest rate in two years according to a survey of companies Of the 134 S P500 companies that have reported 97 have exceeded expectations according to a Bloomberg survey The tech sector was dragged down by Apple down 12 after reporting its slowest profit growth since 2003 The global financial and business leaders are meeting in Davos Switzerland for their annual conference The Dow Jones closed up 0 3 at 13 825 the S P 500 index up 0 1 at 1 495 the Nasdaq ended down 0 7 at 3 130 and the smaller cap Russell 2000 was up 0 4 European Markets European stock markets continued higher overnight on the back of better than expected manufacturing data and relief as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs up around 1 and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union In Germany the market rose on the back of reports that showed eurozone manufacturing and services contracted at a slower pace in January as a Markit Economics composite index based on a survey of purchasing managers in both industries rose to 48 2 up from 47 2 in December a reading below 50 indicates contraction In other economic news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 1 1 at 6 265 in Germany the DAX closed up 1 1 at 7 748 while in France the CAC closed up 0 6 at 3 752 and Spain closed up 0 6 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 4 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market rose for the first time in four days The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 However Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower despite the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 In China the SSE Composite down 0 8 at 2 302 while in Hong Kong the Hang Seng Index closed down 0 2 at 23 599 and in Japan the Nikkei 225 Index was up 1 3 at 10 620 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 97 on a higher Euro while the Australian Dollar last traded lower at 1 045 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 7 settled at US95 96 Copper prices are looking for key support level as Copper for February delivery was down 0 3 at US3 675 while February Gold was down 1 2 or US19 90 at US1 667 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down as much as 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Cautious Ahead Of Chinese Data Thursday January 24th 2013 US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers European stock markets generally rose overnight relieved as the US debt ceiling deadlines is pushed back Asian stock markets traded lower yesterday ahead of the Chinese Flach PMI numbers due out today Commodities prices were lower Gold prices are trading around US1 685 while crude oil closed around US95 The Australian market is looking to open higher again today as stock prices rose in the US and were mixed in the European markets overnight The markets are still being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results with technology companies surprising to the upside The ABS released the CPI figures yesterday which provided a weaker than expected reading of inflation which raisesd the chances of the Reserve Bank RBA cutting interest rates when it meets in February but economists are saying there is only a 30 chance of a cut at this stage The Chinese HSCBC Preliminary PMI data is due out today and it is options expiry The SPI Futures is trading above the key level of 4700 ended up 0 2 or 9 points at 4762 The key levels for our index today are 4740 to 4800 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers The three benchmark indexes all ended higher again overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 sectors ended in the red except for technology up 1 1 with the falls led by the materials energy and financials sectors all up down 0 6 Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term The positive trader sentiment was driven by the better than expected earnings from Travellers and Freeport McMoran which were joined by IBM and Google overnight Of the 101 S P500 companies that have reported 76 have exceeded expectations The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quarterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 4 at 13 779 the S P 500 index up 0 2 at 1 495 the Nasdaq ended up 0 3 at 3 154 and the smaller cap Russell 2000 was down 0 3 European Markets European stock markets generally rose overnight releived as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the Prime Minister pledged to hold a referendum on Britain leaving the European Union In economc news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecat that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 3 at 6 197 in Germany the DAX closed up 0 2 at 7 707 while in France the CAC closed down 0 4 at 3 726 and Spain closed down 0 2 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 ahead of the Chinese Flach PMI numbers due out today The MSCI Asia Pacific Index fell 0 5 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan shares fell for a third day its longest losing streak since before its elections back in early November The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month but would not start bying until next January Chinese shares closed higher for the third session in the past four as traders held their nerve ahead of the Flash PMI figures as HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today Miners were the worst performers in the US overnight In China the SSE Composite up 0 3 at 2 320 while in Hong Kong the Hang Seng Index closed flat at 23 635 and in Japan the Nikkei 225 Index was down 2 1 at 10 487 South Korean KOSPI closed down 0 8 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Company News Oz Minerals releases its quarterly production Ex dividend Date None Market Summary ASX to open higher US UK Europe US higher EU mixed US ADRs Broadly mixed By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Higher as European Markets Ease Wednesday January 23rd 2013 US stock markets rose overnight as the benchmark indexes traded around 5 year highs European stock markets eased overnight Asian stock markets traded higher again yesterday except Japan Commodities prices were higher Gold prices are trading around US1 692 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US but eased the European markets overnight The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The ABS will be releasing the CPI figures out today while the Chinese HSCBC Preliminary PMI data is due out tomorrow along with options expiry Thursday BHP releases its quarterly production today The SPI Futures is trading above the key level of 4700 ended up 0 2 or 11 points at 4753 The key levels for our index today are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets rose overnight as the benchmark indexes traded around 5 year highs The three benchmark indexes all ended overnight with for the Dow Jones Index and the S P500 index trading around 5 year highs and just 5 below all time highs The S P500 sectors ended in the green except for telecoms down 0 1 with the gains led by by the technology and financials sectors all up around 0 3 Near term investors are focusing on corporate earnings and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results It looks like the impending debt ceiling deadline will be pushed out after Speaker John Boehner said House Republicans plan to vote on a three month extension of US borrowing authority in an effort to force the Democratic dominated Senate to adopt a budget plan The positive trader sentiment was driven by the better than expected earnings from GE and Goldmans joined by Travellers and Freeport McMoran overnight Of the 74 S P500 companies that have reported 52 have exceeded expectations In economic news sales of US existing homes unexpectedly dropped in December restrained by the lowest supply of properties in more than a decade The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quraterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 5 at 13 712 the S P 500 index up 0 4 at 1 492 the Nasdaq ended up 0 3 at 3 143 and the smaller cap Russell 2000 was up 0 7 European Markets European stock markets eased overnight as the US debt ceiling concerns overshadowed the better than expected economic data from China and the US The Stoxx 600 was ended down 0 1 for the session but is still at levels not seen since February 2011 The index is up 2 9 for the year Across the region the mining and financials sectors provided support on the markets The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In economic news the ZEW Center for European Economic Research reported that the German investor confidence increased to the highest in two and a half years in January and reported its index of investor and analyst expectations which aims to predict economic developments six months rose up 31 5 in December its highest reading since May 2010 In London the FTSE 100 was flat at 6 179 in Germany the DAX closed down 0 7 at 7 692 while in France the CAC closed down 0 6 at 3 741 and Spain closed down 0 4 Asian Markets Asian stock markets traded higher again yesterday except Japan with the regional benchmark index now trading around levels not seen since August 2011 The MSCI Asia Pacific Index rose 0 4 and the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares gaining after the new leadership promoted a new stimulus package In Japan shares eased after last week recording its longest winning streak since 1986 after the Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower for the first time in three sessions as traders took some profits off the table after Chinese data released last week showed showed GDP figures were better than expected with the Chinese gross domestic product rising 7 9 from a year earlier in the final quarter of 2012 up from 7 4 growth in the third quarter and HSBC now expected growth to improve to 8 4 for 2013 and will release Preliminary PMI data tomorrow In China the SSE Composite down 0 6 at 2 315 while in Hong Kong the Hang Seng Index closed up 0 3 at 23 659 and in Japan the Nikkei 225 Index was down 0 4 at 10 710 South Korean KOSPI closed up 0 5 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton releases its December quarter production report BLD Boral reports today GUD GUD Holdings the household appliances and cleaning products supplier says it is in a strong financial position although most of the sectors in which it trades remain highly competitive MAH Macmahon Holdings shares surged after the mining contractor sealed a 1 8 billion deal with Fortescue Metals Group almost doubling its order book MBN Mirabela Nickel says it hopes to increase production to between 22 000 to 24 000 tonnes of nickel in concentrate in 2013 NAB National Australia Bank will be in focus again after the Spanish giant Santander had denied it was interested in buying its troubled UK banks Company News BHP releases its quarterly production today Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis European Markets Continue Higher Tuesday January 22nd 2013 US stock markets closed overnight but the benchmark indexes trading are at 5 year highs European stocks climbed overnight as eurozone finance ministers met for the first time in 2013 Asian stock markets generally eased back from their August 2011 highs yesterday as traders took some profits off the table Commodities prices were higher Gold prices are trading around US1 689 while crude oil closed around US96 The Australian market is looking to open higher again today as stock markets were closed in the US but rose again in the Europe due better news last week out of the US and the Chinese growth data The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The SPI Futures is trading above the key level of 4700 ended flat or 3 points at 4740 The key levels for our index are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets closed overnight but are up for a third week and benchmark indexes trading are at 5 year

    Original URL path: http://blog.traderdealer.com.au/category/asxcompanynews/ (2013-02-02)
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  • Morning Wrap | Online Stockmarket Trading Update
    Commodities The Dollar Index was at lower 79 53 on a higher Euro while the Australian Dollar last traded higher at 1 047 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 1 0 settled at US97 41 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 6875 while February Gold was up 0 6 or US9 80 at US1 662 70 ASX News Today Coal Price of coal could rise in the wake of the wild weather from ex tropical cyclone Oswald BPT Beach Energy the oil and gas producer still expects to meet its full year production targets despite a fall in the second quarter of the financial year Insurers Insurers were sold down after feeling the pain from ex tropical cyclone Oswald with nearly 10 000 claims lodged and the damage bill at 116 million and rising LKO Lakes Oil the veteran oil and gas explorer says mining billionaire Gina Rinehart has secured a major stake in the company LLC Lend Lease the construction group has won a A364 5 million contract to build 3 500 student apartments across England LYC Lynas Corporation says a state based High Court in Malaysia has denied an application by environmental activists to seek a judicial review the licensing process for its rare earths processing plant MQG Macquarie Group s private wealth business has been reprimanded by the corporate watchdog for failing to comply with industry standards OSH Oil Search says a strong final three months of the year has helped it produce 6 38 million barrels of oil equivalent mmboe in 2012 which is within the company s guidance range of 6 2 to 6 7 mmboe PXS Pharmaxis expects to find out later this week the results of a key US review of its cystic fibrosis treatment Bronchitol QAN Qantas has confirmed a flight that had to be diverted en route from Brisbane to Townsville was having cabin pressure problems Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Ease Near All Time Highs Tuesday January 29th 2013 US stock markets ended flat overnight but are getting closer to their all time highs European stock markets ended flat overnight supported by last week s better than expected manufacturing data Asian stock markets traded higher yesterday except for Japan Commodities prices were mixed Gold prices are trading around US1 652 while crude oil closed around US96 The Australian market is looking to open flat today as stock prices were mixed in the US and European markets overnight Last week the Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season in another been a busy week with S P500 corporates reporting their quarterly results Locally coal producures and insurers will be in focus likely to be negatively impacted by the Queensland floods The SPI Futures is trading above the key level of 4700 ended down 0 1 or 3 points at 4830 The key levels for our index today are 4790 to 4840 See below for ASX listed companies in the news today US Markets US stock markets ended flat overnight but are getting closer to their all time highs The three benchmark indexes ended higher last week with the Dow Jones Index and the S P500 index trading at 5 year highs and only 4 below all time highs All the S P500 sectors ended in the red except for Technology up 0 4 with the falls led by the Materials down 1 followed by Healthcare Consumer related and Financials sectors all down over 0 4 The next target for the S P500 is still 1525 in the near term Economic news was mixe with a drop in pending home sales down 4 3 in December offsetting a rise in durable goods orders up 4 6 0n month while investors continued to digest earnings and look forward to the Non Farm Payrols retport due out Friday Near term investors are focusing on corporate earnings with another busy week for the S P500 components Of the 150 S P500 companies that have reported 113 have exceeded expectations according to Bloomberg surveys The tech sector was supported by Apple up 2 3 after reporting its slowest profit growth since 2003 earlier in the week The Dow Jones closed down 0 1 at 13 882 the S P 500 index down 0 2 at 1 500 the Nasdaq ended down 0 2 at 3 154 and the smaller cap Russell 2000 was up 0 2 European Markets European stock markets ended flat overnight supported by last week s better than expected manufacturing data The Stoxx 600 was ended eased 0 1 for the session but is still at levels not seen since February 2011 The index is up 3 5 for the year The earnings season heats up with 41 companies listed on the Europe Stoxx 600 are due to report earnings this week The three benchmark indexes all ended flat but remain near their recent highs up and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union Trader sentiment was dampened byt last week s news that the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 2 at 6 294 in Germany the DAX closed down 0 3 at 7 833 while in France the CAC closed up 0 1 at 3 780 and Spain closed down 0 6 Asian Markets Asian stock markets traded higher yesterday except for Japan with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 3 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering but Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market fell again snapping its longest weekly winning streak in more than 40 years after the BoJ Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares charged to their highest level in seven months after industrial profits climbed for a fourth month in December with the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today The National Bureau of Statistics also helped by reporting Chinese industrial companies profits rose 17 percent to 895 billion yuan US144 billion in December on year In China the SSE Composite up 2 4 at 2 346 while in Hong Kong the Hang Seng Index closed up 0 4 at 23 672 and in Japan the Nikkei 225 Index was down 0 9 at 10 824 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 79 on a higher Euro while the Australian Dollar last traded lower at 1 041 Commodities prices traded mixed For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 44 Copper prices are looking for key support level as Copper for February delivery was up 0 3 at US3 6615 while February Gold was down 0 2 or US3 70 at US1 653 ASX News Today AGO Atlas Iron could beat its full year sales guidance after shipping more lower grade iron ore than expected in the December quarter BPT Beach Energy is expected to release its first half report on Tuesday LEI Leighton Holdings subsidiary Thiess has won a 175 million maintenance contract with Sydney Water MIN Mineral Resources says Gina Reinhart has sold her stake at 10 share OSH Oil Search is expected to release its fourth quarter production report on Tuesday RMD ResMed the Sleep disorder specialist has lifted its second quarter net profit by 24 percent to 74 8 million ahead of market expectations SFH Specialty Fashion Group teh womenswear retailer says a major reason behind a huge jump in projected first half profit is that it no longer sells cheap China made copies of overseas designs WHC Whitehaven Coal has won state planning approval for its Tarrawonga Coal Mine Expansion Project in north west NSW Ex dividend Date None Market Summary ASX to open flat US UK Europe mixed US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Higher As Investors Play Catchup Friday January 25th 2013 US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs European stock markets continued higher overnight on the back of better than expected manufacturing data Asian stock markets traded lower yesterday despite the Chinese Flash PMI numbers improving Commodities prices were lower Gold prices are trading around US1 667 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US and European markets overnight Note it will be busy this morning with options settlements The Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season and it has been a busy week with a fifth of the S P500 corporates reporting their quarterly results The SPI Futures is trading above the key level of 4700 ended up 0 3 or 16 points at 4797 The key levels for our index today are 4770 to 4830 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs despite falls in technology stocks The three benchmark indexes ended higher except for the tech heavy Nasdaq overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 closed just below 1500 with all sectors ended in the green except for Technology down 1 7 with the gains led by the Healthcare Consumer related and Financials sectors all up over 0 6 Next target for the S P500 is 1525 in the near term Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term Positive trader sentiment was driven by the better than expected weekly jobs data where claims for jobless benefits in the US unexpectedly dropped elsewhere a report showed the index of leading economic indicators a gauge of the outlook for the next three to six months climbed 0 5 percent last month Also Chinese manufacturing expanded at the fastest rate in two years according to a survey of companies Of the 134 S P500 companies that have reported 97 have exceeded expectations according to a Bloomberg survey The tech sector was dragged down by Apple down 12 after reporting its slowest profit growth since 2003 The global financial and business leaders are meeting in Davos Switzerland for their annual conference The Dow Jones closed up 0 3 at 13 825 the S P 500 index up 0 1 at 1 495 the Nasdaq ended down 0 7 at 3 130 and the smaller cap Russell 2000 was up 0 4 European Markets European stock markets continued higher overnight on the back of better than expected manufacturing data and relief as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs up around 1 and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union In Germany the market rose on the back of reports that showed eurozone manufacturing and services contracted at a slower pace in January as a Markit Economics composite index based on a survey of purchasing managers in both industries rose to 48 2 up from 47 2 in December a reading below 50 indicates contraction In other economic news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 1 1 at 6 265 in Germany the DAX closed up 1 1 at 7 748 while in France the CAC closed up 0 6 at 3 752 and Spain closed up 0 6 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 4 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market rose for the first time in four days The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 However Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower despite the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 In China the SSE Composite down 0 8 at 2 302 while in Hong Kong the Hang Seng Index closed down 0 2 at 23 599 and in Japan the Nikkei 225 Index was up 1 3 at 10 620 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 97 on a higher Euro while the Australian Dollar last traded lower at 1 045 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 7 settled at US95 96 Copper prices are looking for key support level as Copper for February delivery was down 0 3 at US3 675 while February Gold was down 1 2 or US19 90 at US1 667 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down as much as 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Cautious Ahead Of Chinese Data Thursday January 24th 2013 US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers European stock markets generally rose overnight relieved as the US debt ceiling deadlines is pushed back Asian stock markets traded lower yesterday ahead of the Chinese Flach PMI numbers due out today Commodities prices were lower Gold prices are trading around US1 685 while crude oil closed around US95 The Australian market is looking to open higher again today as stock prices rose in the US and were mixed in the European markets overnight The markets are still being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results with technology companies surprising to the upside The ABS released the CPI figures yesterday which provided a weaker than expected reading of inflation which raisesd the chances of the Reserve Bank RBA cutting interest rates when it meets in February but economists are saying there is only a 30 chance of a cut at this stage The Chinese HSCBC Preliminary PMI data is due out today and it is options expiry The SPI Futures is trading above the key level of 4700 ended up 0 2 or 9 points at 4762 The key levels for our index today are 4740 to 4800 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers The three benchmark indexes all ended higher again overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 sectors ended in the red except for technology up 1 1 with the falls led by the materials energy and financials sectors all up down 0 6 Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term The positive trader sentiment was driven by the better than expected earnings from Travellers and Freeport McMoran which were joined by IBM and Google overnight Of the 101 S P500 companies that have reported 76 have exceeded expectations The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quarterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 4 at 13 779 the S P 500 index up 0 2 at 1 495 the Nasdaq ended up 0 3 at 3 154 and the smaller cap Russell 2000 was down 0 3 European Markets European stock markets generally rose overnight releived as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the Prime Minister pledged to hold a referendum on Britain leaving the European Union In economc news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecat that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 3 at 6 197 in Germany the DAX closed up 0 2 at 7 707 while in France the CAC closed down 0 4 at 3 726 and Spain closed down 0 2 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 ahead of the Chinese Flach PMI numbers due out today The MSCI Asia Pacific Index fell 0 5 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan shares fell for a third day its longest losing streak since before its elections back in early November The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month but would not start bying until next January Chinese shares closed higher for the third session in the past four as traders held their nerve ahead of the Flash PMI figures as HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today Miners were the worst performers in the US overnight In China the SSE Composite up 0 3 at 2 320 while in Hong Kong the Hang Seng Index closed flat at 23 635 and in Japan the Nikkei 225 Index was down 2 1 at 10 487 South Korean KOSPI closed down 0 8 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Company News Oz Minerals releases its quarterly production Ex dividend Date None Market Summary ASX to open higher US UK Europe US higher EU mixed US ADRs Broadly mixed By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Higher as European Markets Ease Wednesday January 23rd 2013 US stock markets rose overnight as the benchmark indexes traded around 5 year highs European stock markets eased overnight Asian stock markets traded higher again yesterday except Japan Commodities prices were higher Gold prices are trading around US1 692 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US but eased the European markets overnight The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The ABS will be releasing the CPI figures out today while the Chinese HSCBC Preliminary PMI data is due out tomorrow along with options expiry Thursday BHP releases its quarterly production today The SPI Futures is trading above the key level of 4700 ended up 0 2 or 11 points at 4753 The key levels for our index today are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets rose overnight as the benchmark indexes traded around 5 year highs The three benchmark indexes all ended overnight with for the Dow Jones Index and the S P500 index trading around 5 year highs and just 5 below all time highs The S P500 sectors ended in the green except for telecoms down 0 1 with the gains led by by the technology and financials sectors all up around 0 3 Near term investors are focusing on corporate earnings and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results It looks like the impending debt ceiling deadline will be pushed out after Speaker John Boehner said House Republicans plan to vote on a three month extension of US borrowing authority in an effort to force the Democratic dominated Senate to adopt a budget plan The positive trader sentiment was driven by the better than expected earnings from GE and Goldmans joined by Travellers and Freeport McMoran overnight Of the 74 S P500 companies that have reported 52 have exceeded expectations In economic news sales of US existing homes unexpectedly dropped in December restrained by the lowest supply of properties in more than a decade The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quraterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 5 at 13 712 the S P 500 index up 0 4 at 1 492 the Nasdaq ended up 0 3 at 3 143 and the smaller cap Russell 2000 was up 0 7 European Markets European stock markets eased overnight as the US debt ceiling concerns overshadowed the better than expected economic data from China and the US The Stoxx 600 was ended down 0 1 for the session but is still at levels not seen since February 2011 The index is up 2 9 for the year Across the region the mining and financials sectors provided support on the markets The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In economic news the ZEW Center for European Economic Research reported that the German investor confidence increased to the highest in two and a half years in January and reported its index of investor and analyst expectations which aims to predict economic developments six months rose up 31 5 in December its highest reading since May 2010 In London the FTSE 100 was flat at 6 179 in Germany the DAX closed down 0 7 at 7 692 while in France the CAC closed down 0 6 at 3 741 and Spain closed down 0 4 Asian Markets Asian stock markets traded higher again yesterday except Japan with the regional benchmark index now trading around levels not seen since August 2011 The MSCI Asia Pacific Index rose 0 4 and the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares gaining after the new leadership promoted a new stimulus package In Japan shares eased after last week recording its longest winning streak since 1986 after the Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower for the first time in three sessions as traders took some profits off the table after Chinese data released last week showed showed GDP figures were better than expected with the Chinese gross domestic product rising 7 9 from a year earlier in the final quarter of 2012 up from 7 4 growth in the third quarter and HSBC now expected growth to improve to 8 4 for 2013 and will release Preliminary PMI data tomorrow In China the SSE Composite down 0 6 at 2 315 while in Hong Kong the Hang Seng Index closed up 0 3 at 23 659 and in Japan the Nikkei 225 Index was down 0 4 at 10 710 South Korean KOSPI closed up 0 5 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton releases its December quarter production report BLD Boral reports today GUD GUD Holdings the household appliances and cleaning products supplier says it is in a strong financial position although most of the sectors in which it trades remain highly competitive MAH Macmahon Holdings shares surged after the mining contractor sealed a 1 8 billion deal with Fortescue Metals Group almost doubling its order book MBN Mirabela Nickel says it hopes to increase production to between 22 000 to 24 000 tonnes of nickel in concentrate in 2013 NAB National Australia Bank will be in focus again after the Spanish giant Santander had denied it was interested in buying its troubled UK banks Company News BHP releases its quarterly production today Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis European Markets Continue Higher Tuesday January 22nd 2013 US stock markets closed overnight but the benchmark indexes trading are at 5 year highs European stocks climbed overnight as eurozone finance ministers met for the first time in 2013 Asian stock markets generally eased back from their August 2011 highs yesterday as traders took some profits off the table Commodities prices were higher Gold prices are trading around US1 689 while crude oil closed around US96 The Australian market is looking to open higher again today as stock markets were closed in the US but rose again in the Europe due better news last week out of the US and the Chinese growth data The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The SPI Futures is trading above the key level of 4700 ended flat or 3 points at 4740 The key levels for our index are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets closed overnight but are up for a third week and benchmark indexes trading are at 5 year highs

    Original URL path: http://blog.traderdealer.com.au/category/morning-wrap/ (2013-02-02)
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    79 53 on a higher Euro while the Australian Dollar last traded higher at 1 047 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 1 0 settled at US97 41 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 6875 while February Gold was up 0 6 or US9 80 at US1 662 70 ASX News Today Coal Price of coal could rise in the wake of the wild weather from ex tropical cyclone Oswald BPT Beach Energy the oil and gas producer still expects to meet its full year production targets despite a fall in the second quarter of the financial year Insurers Insurers were sold down after feeling the pain from ex tropical cyclone Oswald with nearly 10 000 claims lodged and the damage bill at 116 million and rising LKO Lakes Oil the veteran oil and gas explorer says mining billionaire Gina Rinehart has secured a major stake in the company LLC Lend Lease the construction group has won a A364 5 million contract to build 3 500 student apartments across England LYC Lynas Corporation says a state based High Court in Malaysia has denied an application by environmental activists to seek a judicial review the licensing process for its rare earths processing plant MQG Macquarie Group s private wealth business has been reprimanded by the corporate watchdog for failing to comply with industry standards OSH Oil Search says a strong final three months of the year has helped it produce 6 38 million barrels of oil equivalent mmboe in 2012 which is within the company s guidance range of 6 2 to 6 7 mmboe PXS Pharmaxis expects to find out later this week the results of a key US review of its cystic fibrosis treatment Bronchitol QAN Qantas has confirmed a flight that had to be diverted en route from Brisbane to Townsville was having cabin pressure problems Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Ease Near All Time Highs Tuesday January 29th 2013 US stock markets ended flat overnight but are getting closer to their all time highs European stock markets ended flat overnight supported by last week s better than expected manufacturing data Asian stock markets traded higher yesterday except for Japan Commodities prices were mixed Gold prices are trading around US1 652 while crude oil closed around US96 The Australian market is looking to open flat today as stock prices were mixed in the US and European markets overnight Last week the Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season in another been a busy week with S P500 corporates reporting their quarterly results Locally coal producures and insurers will be in focus likely to be negatively impacted by the Queensland floods The SPI Futures is trading above the key level of 4700 ended down 0 1 or 3 points at 4830 The key levels for our index today are 4790 to 4840 See below for ASX listed companies in the news today US Markets US stock markets ended flat overnight but are getting closer to their all time highs The three benchmark indexes ended higher last week with the Dow Jones Index and the S P500 index trading at 5 year highs and only 4 below all time highs All the S P500 sectors ended in the red except for Technology up 0 4 with the falls led by the Materials down 1 followed by Healthcare Consumer related and Financials sectors all down over 0 4 The next target for the S P500 is still 1525 in the near term Economic news was mixe with a drop in pending home sales down 4 3 in December offsetting a rise in durable goods orders up 4 6 0n month while investors continued to digest earnings and look forward to the Non Farm Payrols retport due out Friday Near term investors are focusing on corporate earnings with another busy week for the S P500 components Of the 150 S P500 companies that have reported 113 have exceeded expectations according to Bloomberg surveys The tech sector was supported by Apple up 2 3 after reporting its slowest profit growth since 2003 earlier in the week The Dow Jones closed down 0 1 at 13 882 the S P 500 index down 0 2 at 1 500 the Nasdaq ended down 0 2 at 3 154 and the smaller cap Russell 2000 was up 0 2 European Markets European stock markets ended flat overnight supported by last week s better than expected manufacturing data The Stoxx 600 was ended eased 0 1 for the session but is still at levels not seen since February 2011 The index is up 3 5 for the year The earnings season heats up with 41 companies listed on the Europe Stoxx 600 are due to report earnings this week The three benchmark indexes all ended flat but remain near their recent highs up and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union Trader sentiment was dampened byt last week s news that the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 2 at 6 294 in Germany the DAX closed down 0 3 at 7 833 while in France the CAC closed up 0 1 at 3 780 and Spain closed down 0 6 Asian Markets Asian stock markets traded higher yesterday except for Japan with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 3 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering but Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market fell again snapping its longest weekly winning streak in more than 40 years after the BoJ Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares charged to their highest level in seven months after industrial profits climbed for a fourth month in December with the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today The National Bureau of Statistics also helped by reporting Chinese industrial companies profits rose 17 percent to 895 billion yuan US144 billion in December on year In China the SSE Composite up 2 4 at 2 346 while in Hong Kong the Hang Seng Index closed up 0 4 at 23 672 and in Japan the Nikkei 225 Index was down 0 9 at 10 824 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 79 on a higher Euro while the Australian Dollar last traded lower at 1 041 Commodities prices traded mixed For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 44 Copper prices are looking for key support level as Copper for February delivery was up 0 3 at US3 6615 while February Gold was down 0 2 or US3 70 at US1 653 ASX News Today AGO Atlas Iron could beat its full year sales guidance after shipping more lower grade iron ore than expected in the December quarter BPT Beach Energy is expected to release its first half report on Tuesday LEI Leighton Holdings subsidiary Thiess has won a 175 million maintenance contract with Sydney Water MIN Mineral Resources says Gina Reinhart has sold her stake at 10 share OSH Oil Search is expected to release its fourth quarter production report on Tuesday RMD ResMed the Sleep disorder specialist has lifted its second quarter net profit by 24 percent to 74 8 million ahead of market expectations SFH Specialty Fashion Group teh womenswear retailer says a major reason behind a huge jump in projected first half profit is that it no longer sells cheap China made copies of overseas designs WHC Whitehaven Coal has won state planning approval for its Tarrawonga Coal Mine Expansion Project in north west NSW Ex dividend Date None Market Summary ASX to open flat US UK Europe mixed US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Higher As Investors Play Catchup Friday January 25th 2013 US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs European stock markets continued higher overnight on the back of better than expected manufacturing data Asian stock markets traded lower yesterday despite the Chinese Flash PMI numbers improving Commodities prices were lower Gold prices are trading around US1 667 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US and European markets overnight Note it will be busy this morning with options settlements The Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season and it has been a busy week with a fifth of the S P500 corporates reporting their quarterly results The SPI Futures is trading above the key level of 4700 ended up 0 3 or 16 points at 4797 The key levels for our index today are 4770 to 4830 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs despite falls in technology stocks The three benchmark indexes ended higher except for the tech heavy Nasdaq overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 closed just below 1500 with all sectors ended in the green except for Technology down 1 7 with the gains led by the Healthcare Consumer related and Financials sectors all up over 0 6 Next target for the S P500 is 1525 in the near term Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term Positive trader sentiment was driven by the better than expected weekly jobs data where claims for jobless benefits in the US unexpectedly dropped elsewhere a report showed the index of leading economic indicators a gauge of the outlook for the next three to six months climbed 0 5 percent last month Also Chinese manufacturing expanded at the fastest rate in two years according to a survey of companies Of the 134 S P500 companies that have reported 97 have exceeded expectations according to a Bloomberg survey The tech sector was dragged down by Apple down 12 after reporting its slowest profit growth since 2003 The global financial and business leaders are meeting in Davos Switzerland for their annual conference The Dow Jones closed up 0 3 at 13 825 the S P 500 index up 0 1 at 1 495 the Nasdaq ended down 0 7 at 3 130 and the smaller cap Russell 2000 was up 0 4 European Markets European stock markets continued higher overnight on the back of better than expected manufacturing data and relief as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs up around 1 and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union In Germany the market rose on the back of reports that showed eurozone manufacturing and services contracted at a slower pace in January as a Markit Economics composite index based on a survey of purchasing managers in both industries rose to 48 2 up from 47 2 in December a reading below 50 indicates contraction In other economic news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 1 1 at 6 265 in Germany the DAX closed up 1 1 at 7 748 while in France the CAC closed up 0 6 at 3 752 and Spain closed up 0 6 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 4 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market rose for the first time in four days The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 However Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower despite the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 In China the SSE Composite down 0 8 at 2 302 while in Hong Kong the Hang Seng Index closed down 0 2 at 23 599 and in Japan the Nikkei 225 Index was up 1 3 at 10 620 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 97 on a higher Euro while the Australian Dollar last traded lower at 1 045 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 7 settled at US95 96 Copper prices are looking for key support level as Copper for February delivery was down 0 3 at US3 675 while February Gold was down 1 2 or US19 90 at US1 667 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down as much as 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Cautious Ahead Of Chinese Data Thursday January 24th 2013 US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers European stock markets generally rose overnight relieved as the US debt ceiling deadlines is pushed back Asian stock markets traded lower yesterday ahead of the Chinese Flach PMI numbers due out today Commodities prices were lower Gold prices are trading around US1 685 while crude oil closed around US95 The Australian market is looking to open higher again today as stock prices rose in the US and were mixed in the European markets overnight The markets are still being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results with technology companies surprising to the upside The ABS released the CPI figures yesterday which provided a weaker than expected reading of inflation which raisesd the chances of the Reserve Bank RBA cutting interest rates when it meets in February but economists are saying there is only a 30 chance of a cut at this stage The Chinese HSCBC Preliminary PMI data is due out today and it is options expiry The SPI Futures is trading above the key level of 4700 ended up 0 2 or 9 points at 4762 The key levels for our index today are 4740 to 4800 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers The three benchmark indexes all ended higher again overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 sectors ended in the red except for technology up 1 1 with the falls led by the materials energy and financials sectors all up down 0 6 Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term The positive trader sentiment was driven by the better than expected earnings from Travellers and Freeport McMoran which were joined by IBM and Google overnight Of the 101 S P500 companies that have reported 76 have exceeded expectations The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quarterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 4 at 13 779 the S P 500 index up 0 2 at 1 495 the Nasdaq ended up 0 3 at 3 154 and the smaller cap Russell 2000 was down 0 3 European Markets European stock markets generally rose overnight releived as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the Prime Minister pledged to hold a referendum on Britain leaving the European Union In economc news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecat that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 3 at 6 197 in Germany the DAX closed up 0 2 at 7 707 while in France the CAC closed down 0 4 at 3 726 and Spain closed down 0 2 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 ahead of the Chinese Flach PMI numbers due out today The MSCI Asia Pacific Index fell 0 5 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan shares fell for a third day its longest losing streak since before its elections back in early November The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month but would not start bying until next January Chinese shares closed higher for the third session in the past four as traders held their nerve ahead of the Flash PMI figures as HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today Miners were the worst performers in the US overnight In China the SSE Composite up 0 3 at 2 320 while in Hong Kong the Hang Seng Index closed flat at 23 635 and in Japan the Nikkei 225 Index was down 2 1 at 10 487 South Korean KOSPI closed down 0 8 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Company News Oz Minerals releases its quarterly production Ex dividend Date None Market Summary ASX to open higher US UK Europe US higher EU mixed US ADRs Broadly mixed By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Higher as European Markets Ease Wednesday January 23rd 2013 US stock markets rose overnight as the benchmark indexes traded around 5 year highs European stock markets eased overnight Asian stock markets traded higher again yesterday except Japan Commodities prices were higher Gold prices are trading around US1 692 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US but eased the European markets overnight The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The ABS will be releasing the CPI figures out today while the Chinese HSCBC Preliminary PMI data is due out tomorrow along with options expiry Thursday BHP releases its quarterly production today The SPI Futures is trading above the key level of 4700 ended up 0 2 or 11 points at 4753 The key levels for our index today are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets rose overnight as the benchmark indexes traded around 5 year highs The three benchmark indexes all ended overnight with for the Dow Jones Index and the S P500 index trading around 5 year highs and just 5 below all time highs The S P500 sectors ended in the green except for telecoms down 0 1 with the gains led by by the technology and financials sectors all up around 0 3 Near term investors are focusing on corporate earnings and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results It looks like the impending debt ceiling deadline will be pushed out after Speaker John Boehner said House Republicans plan to vote on a three month extension of US borrowing authority in an effort to force the Democratic dominated Senate to adopt a budget plan The positive trader sentiment was driven by the better than expected earnings from GE and Goldmans joined by Travellers and Freeport McMoran overnight Of the 74 S P500 companies that have reported 52 have exceeded expectations In economic news sales of US existing homes unexpectedly dropped in December restrained by the lowest supply of properties in more than a decade The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quraterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 5 at 13 712 the S P 500 index up 0 4 at 1 492 the Nasdaq ended up 0 3 at 3 143 and the smaller cap Russell 2000 was up 0 7 European Markets European stock markets eased overnight as the US debt ceiling concerns overshadowed the better than expected economic data from China and the US The Stoxx 600 was ended down 0 1 for the session but is still at levels not seen since February 2011 The index is up 2 9 for the year Across the region the mining and financials sectors provided support on the markets The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In economic news the ZEW Center for European Economic Research reported that the German investor confidence increased to the highest in two and a half years in January and reported its index of investor and analyst expectations which aims to predict economic developments six months rose up 31 5 in December its highest reading since May 2010 In London the FTSE 100 was flat at 6 179 in Germany the DAX closed down 0 7 at 7 692 while in France the CAC closed down 0 6 at 3 741 and Spain closed down 0 4 Asian Markets Asian stock markets traded higher again yesterday except Japan with the regional benchmark index now trading around levels not seen since August 2011 The MSCI Asia Pacific Index rose 0 4 and the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares gaining after the new leadership promoted a new stimulus package In Japan shares eased after last week recording its longest winning streak since 1986 after the Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower for the first time in three sessions as traders took some profits off the table after Chinese data released last week showed showed GDP figures were better than expected with the Chinese gross domestic product rising 7 9 from a year earlier in the final quarter of 2012 up from 7 4 growth in the third quarter and HSBC now expected growth to improve to 8 4 for 2013 and will release Preliminary PMI data tomorrow In China the SSE Composite down 0 6 at 2 315 while in Hong Kong the Hang Seng Index closed up 0 3 at 23 659 and in Japan the Nikkei 225 Index was down 0 4 at 10 710 South Korean KOSPI closed up 0 5 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton releases its December quarter production report BLD Boral reports today GUD GUD Holdings the household appliances and cleaning products supplier says it is in a strong financial position although most of the sectors in which it trades remain highly competitive MAH Macmahon Holdings shares surged after the mining contractor sealed a 1 8 billion deal with Fortescue Metals Group almost doubling its order book MBN Mirabela Nickel says it hopes to increase production to between 22 000 to 24 000 tonnes of nickel in concentrate in 2013 NAB National Australia Bank will be in focus again after the Spanish giant Santander had denied it was interested in buying its troubled UK banks Company News BHP releases its quarterly production today Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis European Markets Continue Higher Tuesday January 22nd 2013 US stock markets closed overnight but the benchmark indexes trading are at 5 year highs European stocks climbed overnight as eurozone finance ministers met for the first time in 2013 Asian stock markets generally eased back from their August 2011 highs yesterday as traders took some profits off the table Commodities prices were higher Gold prices are trading around US1 689 while crude oil closed around US96 The Australian market is looking to open higher again today as stock markets were closed in the US but rose again in the Europe due better news last week out of the US and the Chinese growth data The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The SPI Futures is trading above the key level of 4700 ended flat or 3 points at 4740 The key levels for our index are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets closed overnight but are up for a third week and benchmark indexes trading are at 5 year highs The three benchmark indexes all ended last

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    gas producer still expects to meet its full year production targets despite a fall in the second quarter of the financial year Insurers Insurers were sold down after feeling the pain from ex tropical cyclone Oswald with nearly 10 000 claims lodged and the damage bill at 116 million and rising LKO Lakes Oil the veteran oil and gas explorer says mining billionaire Gina Rinehart has secured a major stake in the company LLC Lend Lease the construction group has won a A364 5 million contract to build 3 500 student apartments across England LYC Lynas Corporation says a state based High Court in Malaysia has denied an application by environmental activists to seek a judicial review the licensing process for its rare earths processing plant MQG Macquarie Group s private wealth business has been reprimanded by the corporate watchdog for failing to comply with industry standards OSH Oil Search says a strong final three months of the year has helped it produce 6 38 million barrels of oil equivalent mmboe in 2012 which is within the company s guidance range of 6 2 to 6 7 mmboe PXS Pharmaxis expects to find out later this week the results of a key US review of its cystic fibrosis treatment Bronchitol QAN Qantas has confirmed a flight that had to be diverted en route from Brisbane to Townsville was having cabin pressure problems Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Ease Near All Time Highs Tuesday January 29th 2013 US stock markets ended flat overnight but are getting closer to their all time highs European stock markets ended flat overnight supported by last week s better than expected manufacturing data Asian stock markets traded higher yesterday except for Japan Commodities prices were mixed Gold prices are trading around US1 652 while crude oil closed around US96 The Australian market is looking to open flat today as stock prices were mixed in the US and European markets overnight Last week the Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season in another been a busy week with S P500 corporates reporting their quarterly results Locally coal producures and insurers will be in focus likely to be negatively impacted by the Queensland floods The SPI Futures is trading above the key level of 4700 ended down 0 1 or 3 points at 4830 The key levels for our index today are 4790 to 4840 See below for ASX listed companies in the news today US Markets US stock markets ended flat overnight but are getting closer to their all time highs The three benchmark indexes ended higher last week with the Dow Jones Index and the S P500 index trading at 5 year highs and only 4 below all time highs All the S P500 sectors ended in the red except for Technology up 0 4 with the falls led by the Materials down 1 followed by Healthcare Consumer related and Financials sectors all down over 0 4 The next target for the S P500 is still 1525 in the near term Economic news was mixe with a drop in pending home sales down 4 3 in December offsetting a rise in durable goods orders up 4 6 0n month while investors continued to digest earnings and look forward to the Non Farm Payrols retport due out Friday Near term investors are focusing on corporate earnings with another busy week for the S P500 components Of the 150 S P500 companies that have reported 113 have exceeded expectations according to Bloomberg surveys The tech sector was supported by Apple up 2 3 after reporting its slowest profit growth since 2003 earlier in the week The Dow Jones closed down 0 1 at 13 882 the S P 500 index down 0 2 at 1 500 the Nasdaq ended down 0 2 at 3 154 and the smaller cap Russell 2000 was up 0 2 European Markets European stock markets ended flat overnight supported by last week s better than expected manufacturing data The Stoxx 600 was ended eased 0 1 for the session but is still at levels not seen since February 2011 The index is up 3 5 for the year The earnings season heats up with 41 companies listed on the Europe Stoxx 600 are due to report earnings this week The three benchmark indexes all ended flat but remain near their recent highs up and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union Trader sentiment was dampened byt last week s news that the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 2 at 6 294 in Germany the DAX closed down 0 3 at 7 833 while in France the CAC closed up 0 1 at 3 780 and Spain closed down 0 6 Asian Markets Asian stock markets traded higher yesterday except for Japan with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 3 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering but Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market fell again snapping its longest weekly winning streak in more than 40 years after the BoJ Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares charged to their highest level in seven months after industrial profits climbed for a fourth month in December with the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today The National Bureau of Statistics also helped by reporting Chinese industrial companies profits rose 17 percent to 895 billion yuan US144 billion in December on year In China the SSE Composite up 2 4 at 2 346 while in Hong Kong the Hang Seng Index closed up 0 4 at 23 672 and in Japan the Nikkei 225 Index was down 0 9 at 10 824 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 79 on a higher Euro while the Australian Dollar last traded lower at 1 041 Commodities prices traded mixed For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 44 Copper prices are looking for key support level as Copper for February delivery was up 0 3 at US3 6615 while February Gold was down 0 2 or US3 70 at US1 653 ASX News Today AGO Atlas Iron could beat its full year sales guidance after shipping more lower grade iron ore than expected in the December quarter BPT Beach Energy is expected to release its first half report on Tuesday LEI Leighton Holdings subsidiary Thiess has won a 175 million maintenance contract with Sydney Water MIN Mineral Resources says Gina Reinhart has sold her stake at 10 share OSH Oil Search is expected to release its fourth quarter production report on Tuesday RMD ResMed the Sleep disorder specialist has lifted its second quarter net profit by 24 percent to 74 8 million ahead of market expectations SFH Specialty Fashion Group teh womenswear retailer says a major reason behind a huge jump in projected first half profit is that it no longer sells cheap China made copies of overseas designs WHC Whitehaven Coal has won state planning approval for its Tarrawonga Coal Mine Expansion Project in north west NSW Ex dividend Date None Market Summary ASX to open flat US UK Europe mixed US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Investing in 2013 continued Part 9 Stock Trading Tips for All Types of Market Environments Friday January 25th 2013 Last week we wrote about Investing in 2013 suggesting that 2013 promises to be less challenging than 2012 Given there is still plenty of money on the sidelines and that the RBA cash rate is expected to fall even lower than the current 3 percent the share market is a logical avenue to achieve better returns than the dwindling cash rate And the markets pushed even higher this week Yield and capital growth will be a recurring theme again this year In today s article we do a top down analysis of the Australian market as 2013 gets underway in an attempt to assess what may be ahead for us in 2013 Australia in 2012 The Aussie market rebounded strongly in the first quarter of 2012 and again in the latter quarter of the year The gains were led by the stellar performance of the banks and other high yielding sectors throughout the year and were eventually joined by the materials and industrials sectors with money moving from the sidelines as the RBA cash rate fell to 3 0 percent All in all many investors will be ruing not participating in the eventual returns in equities for the year but even as late as the end of November the ASX was looking at subdued returns for the year CHART ASX200 Performance for 2012 2013 has begun with a bang as investors who have been heavily weighted in cash over the past couple of years scramble to get on board the equities train The ASX 200 has jumped 3 5 year to date YTD and is up a whopping 11 from its November lows refer to the chart below We may see the market trade even higher near term if the market does not consolidate which is what the bulk of the retail investors are waiting for There is an old adage about the market in that it will go in the direction that causes most pain to the vast majority of investors At the moment it is very painful for those investors who continue to sit on piles of cash as the share market runs away CHART Recent Market Performances Commodities The Australian economy is heavily dependent on the commodity cycle so let s check out what s happening with commodities Commodities had a roller coaster ride throughout 2012 Gold silver and copper prices shone but aluminium and crude oil prices underperformed Crude oil prices actually finished in the red for the year as illustrated in the chart below Base metals had another tough year weighed down by the slowing economic growth in China CHART Commodity Price Performance for 2012 and 2013 YTD Moves Iron ore was a major driver for the materials sector on the ASX with spot prices ranging from over US140 down to below US90 and then recovering over 60 from their September lows to once again trade over US150 Expect iron ore prices to drive our materials sector again this year This chart also illustrates that commodity prices have begun 2013 with continued momentum Gold is holding its long term uptrend as long as the US1 600 support level holds the price should be support by all the central bank easing that is happening world wide Copper has been crawling higher in the past eighteen months and the 320 level needs to hold to support the current drift higher Silver has been crabbing sideways for the past couple of years and looks set for a major move medium term Crude oil is trapped within a range between US80 and 110 with US100 the key pivot level this year The positive trader sentiment has continued into 2013 as seen by the green bars on the above chart Investment Themes For 2013 Investors will need to be nimble again this year in managing their portfolio and trading positions Buy and hold has not worked in the past few years resulting in investors having to become more active Next week we will analyse the market by sector and identify some interesting trends If you can t wait till next week then request the bonus below which also highlights investments themes and how to invest for 2013 Bonus We have compiled a Special Report on Investing in 2013 where we cover Evaluation of the Australian market and what to expect in 2013 Evaluation of commodities prices Top down sector analysis on the Australian market Sectors to focus on this year Investing for Yield and our view on interest rates Investment themes How to survive 2013 For a free BONUS report email advisory d2mx com au or call 1300 610 024 You can also request the trading results from our Advisory service which performed well in excess of the overall market return in 2012 For trade ideas and recommendations on how to trade in this market sign up for a free trial of the D2MX Daily Trading Report which provides a daily serving of insightful market analysis from the D2MX Advisory team including Trade ideas and strategies Dividend enhancement strategies Market scans to watch International market analysis and Highlights from the S P ASX 200 To request an obligation free trial call 1300 610 024 or email advisory d2mx com au Contact me at D2MX Trading on 1300 610 024 and I can help you trade using a number of strategies that will give you the tools to navigate this market and help you boost your returns on investment Michael Hevern Investment Adviser D2MX Trading This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected 2011 Market Performances CHART Market Performances in 2011 Go to Top Tags ASX Commodities interest rates investing in shares stock trading tips where to invest XJO Posted in ASX Trading News Stock Market Analysis Trading Strategies No Comments Stock Market Analysis Markets Higher As Investors Play Catchup Friday January 25th 2013 US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs European stock markets continued higher overnight on the back of better than expected manufacturing data Asian stock markets traded lower yesterday despite the Chinese Flash PMI numbers improving Commodities prices were lower Gold prices are trading around US1 667 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US and European markets overnight Note it will be busy this morning with options settlements The Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season and it has been a busy week with a fifth of the S P500 corporates reporting their quarterly results The SPI Futures is trading above the key level of 4700 ended up 0 3 or 16 points at 4797 The key levels for our index today are 4770 to 4830 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs despite falls in technology stocks The three benchmark indexes ended higher except for the tech heavy Nasdaq overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 closed just below 1500 with all sectors ended in the green except for Technology down 1 7 with the gains led by the Healthcare Consumer related and Financials sectors all up over 0 6 Next target for the S P500 is 1525 in the near term Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term Positive trader sentiment was driven by the better than expected weekly jobs data where claims for jobless benefits in the US unexpectedly dropped elsewhere a report showed the index of leading economic indicators a gauge of the outlook for the next three to six months climbed 0 5 percent last month Also Chinese manufacturing expanded at the fastest rate in two years according to a survey of companies Of the 134 S P500 companies that have reported 97 have exceeded expectations according to a Bloomberg survey The tech sector was dragged down by Apple down 12 after reporting its slowest profit growth since 2003 The global financial and business leaders are meeting in Davos Switzerland for their annual conference The Dow Jones closed up 0 3 at 13 825 the S P 500 index up 0 1 at 1 495 the Nasdaq ended down 0 7 at 3 130 and the smaller cap Russell 2000 was up 0 4 European Markets European stock markets continued higher overnight on the back of better than expected manufacturing data and relief as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs up around 1 and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union In Germany the market rose on the back of reports that showed eurozone manufacturing and services contracted at a slower pace in January as a Markit Economics composite index based on a survey of purchasing managers in both industries rose to 48 2 up from 47 2 in December a reading below 50 indicates contraction In other economic news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 1 1 at 6 265 in Germany the DAX closed up 1 1 at 7 748 while in France the CAC closed up 0 6 at 3 752 and Spain closed up 0 6 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 4 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market rose for the first time in four days The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 However Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower despite the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 In China the SSE Composite down 0 8 at 2 302 while in Hong Kong the Hang Seng Index closed down 0 2 at 23 599 and in Japan the Nikkei 225 Index was up 1 3 at 10 620 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 97 on a higher Euro while the Australian Dollar last traded lower at 1 045 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 7 settled at US95 96 Copper prices are looking for key support level as Copper for February delivery was down 0 3 at US3 675 while February Gold was down 1 2 or US19 90 at US1 667 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down as much as 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Cautious Ahead Of Chinese Data Thursday January 24th 2013 US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers European stock markets generally rose overnight relieved as the US debt ceiling deadlines is pushed back Asian stock markets traded lower yesterday ahead of the Chinese Flach PMI numbers due out today Commodities prices were lower Gold prices are trading around US1 685 while crude oil closed around US95 The Australian market is looking to open higher again today as stock prices rose in the US and were mixed in the European markets overnight The markets are still being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results with technology companies surprising to the upside The ABS released the CPI figures yesterday which provided a weaker than expected reading of inflation which raisesd the chances of the Reserve Bank RBA cutting interest rates when it meets in February but economists are saying there is only a 30 chance of a cut at this stage The Chinese HSCBC Preliminary PMI data is due out today and it is options expiry The SPI Futures is trading above the key level of 4700 ended up 0 2 or 9 points at 4762 The key levels for our index today are 4740 to 4800 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers The three benchmark indexes all ended higher again overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 sectors ended in the red except for technology up 1 1 with the falls led by the materials energy and financials sectors all up down 0 6 Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term The positive trader sentiment was driven by the better than expected earnings from Travellers and Freeport McMoran which were joined by IBM and Google overnight Of the 101 S P500 companies that have reported 76 have exceeded expectations The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quarterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 4 at 13 779 the S P 500 index up 0 2 at 1 495 the Nasdaq ended up 0 3 at 3 154 and the smaller cap Russell 2000 was down 0 3 European Markets European stock markets generally rose overnight releived as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the Prime Minister pledged to hold a referendum on Britain leaving the European Union In economc news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecat that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 3 at 6 197 in Germany the DAX closed up 0 2 at 7 707 while in France the CAC closed down 0 4 at 3 726 and Spain closed down 0 2 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 ahead of the Chinese Flach PMI numbers due out today The MSCI Asia Pacific Index fell 0 5 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan shares fell for a third day its longest losing streak since before its elections back in early November The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month but would not start bying until next January Chinese shares closed higher for the third session in the past four as traders held their nerve ahead of the Flash PMI figures as HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today Miners were the worst performers in the US overnight In China the SSE Composite up 0 3 at 2 320 while in Hong Kong the Hang Seng Index closed flat at 23 635 and in Japan the Nikkei 225 Index was down 2 1 at 10 487 South Korean KOSPI closed down 0 8 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Company News Oz Minerals releases its quarterly production Ex dividend Date None Market Summary ASX to open higher US UK Europe US higher EU mixed US ADRs Broadly mixed By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Higher as European Markets Ease Wednesday January 23rd 2013 US stock markets rose overnight as the benchmark indexes traded around 5 year highs European stock markets eased overnight Asian stock markets traded higher again yesterday except Japan Commodities prices were higher Gold prices are trading around US1 692 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US but eased the European markets overnight The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The ABS will be releasing the CPI figures out today while the Chinese HSCBC Preliminary PMI data is due out tomorrow along with options expiry Thursday BHP releases its quarterly production today The SPI Futures is trading above the key level of 4700 ended up 0 2 or 11 points at 4753 The key levels for our index today are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets rose overnight as the benchmark indexes traded around 5 year highs The three benchmark indexes all ended overnight with for the Dow Jones Index and the S P500 index trading around 5 year highs and just 5 below all time highs The S P500 sectors ended in the green except for telecoms down 0 1 with the gains led by by the technology and financials sectors all up around 0 3 Near term investors are focusing on corporate earnings and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results It looks like the impending debt ceiling deadline will be pushed out after Speaker John Boehner said House Republicans plan to vote on a three month extension of US borrowing authority in an effort to force the Democratic dominated Senate to adopt a budget plan The positive trader sentiment was driven by the better than expected earnings from GE and Goldmans joined by Travellers and Freeport McMoran overnight Of the 74 S P500 companies that have reported 52 have exceeded expectations In economic news sales of US existing homes unexpectedly dropped in December restrained by the lowest supply of properties in more than a

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    79 53 on a higher Euro while the Australian Dollar last traded higher at 1 047 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 1 0 settled at US97 41 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 6875 while February Gold was up 0 6 or US9 80 at US1 662 70 ASX News Today Coal Price of coal could rise in the wake of the wild weather from ex tropical cyclone Oswald BPT Beach Energy the oil and gas producer still expects to meet its full year production targets despite a fall in the second quarter of the financial year Insurers Insurers were sold down after feeling the pain from ex tropical cyclone Oswald with nearly 10 000 claims lodged and the damage bill at 116 million and rising LKO Lakes Oil the veteran oil and gas explorer says mining billionaire Gina Rinehart has secured a major stake in the company LLC Lend Lease the construction group has won a A364 5 million contract to build 3 500 student apartments across England LYC Lynas Corporation says a state based High Court in Malaysia has denied an application by environmental activists to seek a judicial review the licensing process for its rare earths processing plant MQG Macquarie Group s private wealth business has been reprimanded by the corporate watchdog for failing to comply with industry standards OSH Oil Search says a strong final three months of the year has helped it produce 6 38 million barrels of oil equivalent mmboe in 2012 which is within the company s guidance range of 6 2 to 6 7 mmboe PXS Pharmaxis expects to find out later this week the results of a key US review of its cystic fibrosis treatment Bronchitol QAN Qantas has confirmed a flight that had to be diverted en route from Brisbane to Townsville was having cabin pressure problems Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Ease Near All Time Highs Tuesday January 29th 2013 US stock markets ended flat overnight but are getting closer to their all time highs European stock markets ended flat overnight supported by last week s better than expected manufacturing data Asian stock markets traded higher yesterday except for Japan Commodities prices were mixed Gold prices are trading around US1 652 while crude oil closed around US96 The Australian market is looking to open flat today as stock prices were mixed in the US and European markets overnight Last week the Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season in another been a busy week with S P500 corporates reporting their quarterly results Locally coal producures and insurers will be in focus likely to be negatively impacted by the Queensland floods The SPI Futures is trading above the key level of 4700 ended down 0 1 or 3 points at 4830 The key levels for our index today are 4790 to 4840 See below for ASX listed companies in the news today US Markets US stock markets ended flat overnight but are getting closer to their all time highs The three benchmark indexes ended higher last week with the Dow Jones Index and the S P500 index trading at 5 year highs and only 4 below all time highs All the S P500 sectors ended in the red except for Technology up 0 4 with the falls led by the Materials down 1 followed by Healthcare Consumer related and Financials sectors all down over 0 4 The next target for the S P500 is still 1525 in the near term Economic news was mixe with a drop in pending home sales down 4 3 in December offsetting a rise in durable goods orders up 4 6 0n month while investors continued to digest earnings and look forward to the Non Farm Payrols retport due out Friday Near term investors are focusing on corporate earnings with another busy week for the S P500 components Of the 150 S P500 companies that have reported 113 have exceeded expectations according to Bloomberg surveys The tech sector was supported by Apple up 2 3 after reporting its slowest profit growth since 2003 earlier in the week The Dow Jones closed down 0 1 at 13 882 the S P 500 index down 0 2 at 1 500 the Nasdaq ended down 0 2 at 3 154 and the smaller cap Russell 2000 was up 0 2 European Markets European stock markets ended flat overnight supported by last week s better than expected manufacturing data The Stoxx 600 was ended eased 0 1 for the session but is still at levels not seen since February 2011 The index is up 3 5 for the year The earnings season heats up with 41 companies listed on the Europe Stoxx 600 are due to report earnings this week The three benchmark indexes all ended flat but remain near their recent highs up and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union Trader sentiment was dampened byt last week s news that the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 2 at 6 294 in Germany the DAX closed down 0 3 at 7 833 while in France the CAC closed up 0 1 at 3 780 and Spain closed down 0 6 Asian Markets Asian stock markets traded higher yesterday except for Japan with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 3 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering but Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market fell again snapping its longest weekly winning streak in more than 40 years after the BoJ Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares charged to their highest level in seven months after industrial profits climbed for a fourth month in December with the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today The National Bureau of Statistics also helped by reporting Chinese industrial companies profits rose 17 percent to 895 billion yuan US144 billion in December on year In China the SSE Composite up 2 4 at 2 346 while in Hong Kong the Hang Seng Index closed up 0 4 at 23 672 and in Japan the Nikkei 225 Index was down 0 9 at 10 824 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 79 on a higher Euro while the Australian Dollar last traded lower at 1 041 Commodities prices traded mixed For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 44 Copper prices are looking for key support level as Copper for February delivery was up 0 3 at US3 6615 while February Gold was down 0 2 or US3 70 at US1 653 ASX News Today AGO Atlas Iron could beat its full year sales guidance after shipping more lower grade iron ore than expected in the December quarter BPT Beach Energy is expected to release its first half report on Tuesday LEI Leighton Holdings subsidiary Thiess has won a 175 million maintenance contract with Sydney Water MIN Mineral Resources says Gina Reinhart has sold her stake at 10 share OSH Oil Search is expected to release its fourth quarter production report on Tuesday RMD ResMed the Sleep disorder specialist has lifted its second quarter net profit by 24 percent to 74 8 million ahead of market expectations SFH Specialty Fashion Group teh womenswear retailer says a major reason behind a huge jump in projected first half profit is that it no longer sells cheap China made copies of overseas designs WHC Whitehaven Coal has won state planning approval for its Tarrawonga Coal Mine Expansion Project in north west NSW Ex dividend Date None Market Summary ASX to open flat US UK Europe mixed US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Higher As Investors Play Catchup Friday January 25th 2013 US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs European stock markets continued higher overnight on the back of better than expected manufacturing data Asian stock markets traded lower yesterday despite the Chinese Flash PMI numbers improving Commodities prices were lower Gold prices are trading around US1 667 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US and European markets overnight Note it will be busy this morning with options settlements The Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season and it has been a busy week with a fifth of the S P500 corporates reporting their quarterly results The SPI Futures is trading above the key level of 4700 ended up 0 3 or 16 points at 4797 The key levels for our index today are 4770 to 4830 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs despite falls in technology stocks The three benchmark indexes ended higher except for the tech heavy Nasdaq overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 closed just below 1500 with all sectors ended in the green except for Technology down 1 7 with the gains led by the Healthcare Consumer related and Financials sectors all up over 0 6 Next target for the S P500 is 1525 in the near term Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term Positive trader sentiment was driven by the better than expected weekly jobs data where claims for jobless benefits in the US unexpectedly dropped elsewhere a report showed the index of leading economic indicators a gauge of the outlook for the next three to six months climbed 0 5 percent last month Also Chinese manufacturing expanded at the fastest rate in two years according to a survey of companies Of the 134 S P500 companies that have reported 97 have exceeded expectations according to a Bloomberg survey The tech sector was dragged down by Apple down 12 after reporting its slowest profit growth since 2003 The global financial and business leaders are meeting in Davos Switzerland for their annual conference The Dow Jones closed up 0 3 at 13 825 the S P 500 index up 0 1 at 1 495 the Nasdaq ended down 0 7 at 3 130 and the smaller cap Russell 2000 was up 0 4 European Markets European stock markets continued higher overnight on the back of better than expected manufacturing data and relief as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs up around 1 and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union In Germany the market rose on the back of reports that showed eurozone manufacturing and services contracted at a slower pace in January as a Markit Economics composite index based on a survey of purchasing managers in both industries rose to 48 2 up from 47 2 in December a reading below 50 indicates contraction In other economic news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 1 1 at 6 265 in Germany the DAX closed up 1 1 at 7 748 while in France the CAC closed up 0 6 at 3 752 and Spain closed up 0 6 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 4 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market rose for the first time in four days The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 However Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower despite the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 In China the SSE Composite down 0 8 at 2 302 while in Hong Kong the Hang Seng Index closed down 0 2 at 23 599 and in Japan the Nikkei 225 Index was up 1 3 at 10 620 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 97 on a higher Euro while the Australian Dollar last traded lower at 1 045 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 7 settled at US95 96 Copper prices are looking for key support level as Copper for February delivery was down 0 3 at US3 675 while February Gold was down 1 2 or US19 90 at US1 667 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down as much as 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Cautious Ahead Of Chinese Data Thursday January 24th 2013 US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers European stock markets generally rose overnight relieved as the US debt ceiling deadlines is pushed back Asian stock markets traded lower yesterday ahead of the Chinese Flach PMI numbers due out today Commodities prices were lower Gold prices are trading around US1 685 while crude oil closed around US95 The Australian market is looking to open higher again today as stock prices rose in the US and were mixed in the European markets overnight The markets are still being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results with technology companies surprising to the upside The ABS released the CPI figures yesterday which provided a weaker than expected reading of inflation which raisesd the chances of the Reserve Bank RBA cutting interest rates when it meets in February but economists are saying there is only a 30 chance of a cut at this stage The Chinese HSCBC Preliminary PMI data is due out today and it is options expiry The SPI Futures is trading above the key level of 4700 ended up 0 2 or 9 points at 4762 The key levels for our index today are 4740 to 4800 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers The three benchmark indexes all ended higher again overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 sectors ended in the red except for technology up 1 1 with the falls led by the materials energy and financials sectors all up down 0 6 Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term The positive trader sentiment was driven by the better than expected earnings from Travellers and Freeport McMoran which were joined by IBM and Google overnight Of the 101 S P500 companies that have reported 76 have exceeded expectations The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quarterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 4 at 13 779 the S P 500 index up 0 2 at 1 495 the Nasdaq ended up 0 3 at 3 154 and the smaller cap Russell 2000 was down 0 3 European Markets European stock markets generally rose overnight releived as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the Prime Minister pledged to hold a referendum on Britain leaving the European Union In economc news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecat that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 3 at 6 197 in Germany the DAX closed up 0 2 at 7 707 while in France the CAC closed down 0 4 at 3 726 and Spain closed down 0 2 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 ahead of the Chinese Flach PMI numbers due out today The MSCI Asia Pacific Index fell 0 5 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan shares fell for a third day its longest losing streak since before its elections back in early November The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month but would not start bying until next January Chinese shares closed higher for the third session in the past four as traders held their nerve ahead of the Flash PMI figures as HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today Miners were the worst performers in the US overnight In China the SSE Composite up 0 3 at 2 320 while in Hong Kong the Hang Seng Index closed flat at 23 635 and in Japan the Nikkei 225 Index was down 2 1 at 10 487 South Korean KOSPI closed down 0 8 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Company News Oz Minerals releases its quarterly production Ex dividend Date None Market Summary ASX to open higher US UK Europe US higher EU mixed US ADRs Broadly mixed By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Higher as European Markets Ease Wednesday January 23rd 2013 US stock markets rose overnight as the benchmark indexes traded around 5 year highs European stock markets eased overnight Asian stock markets traded higher again yesterday except Japan Commodities prices were higher Gold prices are trading around US1 692 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US but eased the European markets overnight The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The ABS will be releasing the CPI figures out today while the Chinese HSCBC Preliminary PMI data is due out tomorrow along with options expiry Thursday BHP releases its quarterly production today The SPI Futures is trading above the key level of 4700 ended up 0 2 or 11 points at 4753 The key levels for our index today are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets rose overnight as the benchmark indexes traded around 5 year highs The three benchmark indexes all ended overnight with for the Dow Jones Index and the S P500 index trading around 5 year highs and just 5 below all time highs The S P500 sectors ended in the green except for telecoms down 0 1 with the gains led by by the technology and financials sectors all up around 0 3 Near term investors are focusing on corporate earnings and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results It looks like the impending debt ceiling deadline will be pushed out after Speaker John Boehner said House Republicans plan to vote on a three month extension of US borrowing authority in an effort to force the Democratic dominated Senate to adopt a budget plan The positive trader sentiment was driven by the better than expected earnings from GE and Goldmans joined by Travellers and Freeport McMoran overnight Of the 74 S P500 companies that have reported 52 have exceeded expectations In economic news sales of US existing homes unexpectedly dropped in December restrained by the lowest supply of properties in more than a decade The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quraterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 5 at 13 712 the S P 500 index up 0 4 at 1 492 the Nasdaq ended up 0 3 at 3 143 and the smaller cap Russell 2000 was up 0 7 European Markets European stock markets eased overnight as the US debt ceiling concerns overshadowed the better than expected economic data from China and the US The Stoxx 600 was ended down 0 1 for the session but is still at levels not seen since February 2011 The index is up 2 9 for the year Across the region the mining and financials sectors provided support on the markets The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In economic news the ZEW Center for European Economic Research reported that the German investor confidence increased to the highest in two and a half years in January and reported its index of investor and analyst expectations which aims to predict economic developments six months rose up 31 5 in December its highest reading since May 2010 In London the FTSE 100 was flat at 6 179 in Germany the DAX closed down 0 7 at 7 692 while in France the CAC closed down 0 6 at 3 741 and Spain closed down 0 4 Asian Markets Asian stock markets traded higher again yesterday except Japan with the regional benchmark index now trading around levels not seen since August 2011 The MSCI Asia Pacific Index rose 0 4 and the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares gaining after the new leadership promoted a new stimulus package In Japan shares eased after last week recording its longest winning streak since 1986 after the Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower for the first time in three sessions as traders took some profits off the table after Chinese data released last week showed showed GDP figures were better than expected with the Chinese gross domestic product rising 7 9 from a year earlier in the final quarter of 2012 up from 7 4 growth in the third quarter and HSBC now expected growth to improve to 8 4 for 2013 and will release Preliminary PMI data tomorrow In China the SSE Composite down 0 6 at 2 315 while in Hong Kong the Hang Seng Index closed up 0 3 at 23 659 and in Japan the Nikkei 225 Index was down 0 4 at 10 710 South Korean KOSPI closed up 0 5 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton releases its December quarter production report BLD Boral reports today GUD GUD Holdings the household appliances and cleaning products supplier says it is in a strong financial position although most of the sectors in which it trades remain highly competitive MAH Macmahon Holdings shares surged after the mining contractor sealed a 1 8 billion deal with Fortescue Metals Group almost doubling its order book MBN Mirabela Nickel says it hopes to increase production to between 22 000 to 24 000 tonnes of nickel in concentrate in 2013 NAB National Australia Bank will be in focus again after the Spanish giant Santander had denied it was interested in buying its troubled UK banks Company News BHP releases its quarterly production today Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis European Markets Continue Higher Tuesday January 22nd 2013 US stock markets closed overnight but the benchmark indexes trading are at 5 year highs European stocks climbed overnight as eurozone finance ministers met for the first time in 2013 Asian stock markets generally eased back from their August 2011 highs yesterday as traders took some profits off the table Commodities prices were higher Gold prices are trading around US1 689 while crude oil closed around US96 The Australian market is looking to open higher again today as stock markets were closed in the US but rose again in the Europe due better news last week out of the US and the Chinese growth data The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The SPI Futures is trading above the key level of 4700 ended flat or 3 points at 4740 The key levels for our index are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets closed overnight but are up for a third week and benchmark indexes trading are at 5 year highs The three benchmark indexes all ended last

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    gas producer still expects to meet its full year production targets despite a fall in the second quarter of the financial year Insurers Insurers were sold down after feeling the pain from ex tropical cyclone Oswald with nearly 10 000 claims lodged and the damage bill at 116 million and rising LKO Lakes Oil the veteran oil and gas explorer says mining billionaire Gina Rinehart has secured a major stake in the company LLC Lend Lease the construction group has won a A364 5 million contract to build 3 500 student apartments across England LYC Lynas Corporation says a state based High Court in Malaysia has denied an application by environmental activists to seek a judicial review the licensing process for its rare earths processing plant MQG Macquarie Group s private wealth business has been reprimanded by the corporate watchdog for failing to comply with industry standards OSH Oil Search says a strong final three months of the year has helped it produce 6 38 million barrels of oil equivalent mmboe in 2012 which is within the company s guidance range of 6 2 to 6 7 mmboe PXS Pharmaxis expects to find out later this week the results of a key US review of its cystic fibrosis treatment Bronchitol QAN Qantas has confirmed a flight that had to be diverted en route from Brisbane to Townsville was having cabin pressure problems Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Ease Near All Time Highs Tuesday January 29th 2013 US stock markets ended flat overnight but are getting closer to their all time highs European stock markets ended flat overnight supported by last week s better than expected manufacturing data Asian stock markets traded higher yesterday except for Japan Commodities prices were mixed Gold prices are trading around US1 652 while crude oil closed around US96 The Australian market is looking to open flat today as stock prices were mixed in the US and European markets overnight Last week the Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season in another been a busy week with S P500 corporates reporting their quarterly results Locally coal producures and insurers will be in focus likely to be negatively impacted by the Queensland floods The SPI Futures is trading above the key level of 4700 ended down 0 1 or 3 points at 4830 The key levels for our index today are 4790 to 4840 See below for ASX listed companies in the news today US Markets US stock markets ended flat overnight but are getting closer to their all time highs The three benchmark indexes ended higher last week with the Dow Jones Index and the S P500 index trading at 5 year highs and only 4 below all time highs All the S P500 sectors ended in the red except for Technology up 0 4 with the falls led by the Materials down 1 followed by Healthcare Consumer related and Financials sectors all down over 0 4 The next target for the S P500 is still 1525 in the near term Economic news was mixe with a drop in pending home sales down 4 3 in December offsetting a rise in durable goods orders up 4 6 0n month while investors continued to digest earnings and look forward to the Non Farm Payrols retport due out Friday Near term investors are focusing on corporate earnings with another busy week for the S P500 components Of the 150 S P500 companies that have reported 113 have exceeded expectations according to Bloomberg surveys The tech sector was supported by Apple up 2 3 after reporting its slowest profit growth since 2003 earlier in the week The Dow Jones closed down 0 1 at 13 882 the S P 500 index down 0 2 at 1 500 the Nasdaq ended down 0 2 at 3 154 and the smaller cap Russell 2000 was up 0 2 European Markets European stock markets ended flat overnight supported by last week s better than expected manufacturing data The Stoxx 600 was ended eased 0 1 for the session but is still at levels not seen since February 2011 The index is up 3 5 for the year The earnings season heats up with 41 companies listed on the Europe Stoxx 600 are due to report earnings this week The three benchmark indexes all ended flat but remain near their recent highs up and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union Trader sentiment was dampened byt last week s news that the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 2 at 6 294 in Germany the DAX closed down 0 3 at 7 833 while in France the CAC closed up 0 1 at 3 780 and Spain closed down 0 6 Asian Markets Asian stock markets traded higher yesterday except for Japan with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 3 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering but Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market fell again snapping its longest weekly winning streak in more than 40 years after the BoJ Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares charged to their highest level in seven months after industrial profits climbed for a fourth month in December with the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today The National Bureau of Statistics also helped by reporting Chinese industrial companies profits rose 17 percent to 895 billion yuan US144 billion in December on year In China the SSE Composite up 2 4 at 2 346 while in Hong Kong the Hang Seng Index closed up 0 4 at 23 672 and in Japan the Nikkei 225 Index was down 0 9 at 10 824 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 79 on a higher Euro while the Australian Dollar last traded lower at 1 041 Commodities prices traded mixed For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 44 Copper prices are looking for key support level as Copper for February delivery was up 0 3 at US3 6615 while February Gold was down 0 2 or US3 70 at US1 653 ASX News Today AGO Atlas Iron could beat its full year sales guidance after shipping more lower grade iron ore than expected in the December quarter BPT Beach Energy is expected to release its first half report on Tuesday LEI Leighton Holdings subsidiary Thiess has won a 175 million maintenance contract with Sydney Water MIN Mineral Resources says Gina Reinhart has sold her stake at 10 share OSH Oil Search is expected to release its fourth quarter production report on Tuesday RMD ResMed the Sleep disorder specialist has lifted its second quarter net profit by 24 percent to 74 8 million ahead of market expectations SFH Specialty Fashion Group teh womenswear retailer says a major reason behind a huge jump in projected first half profit is that it no longer sells cheap China made copies of overseas designs WHC Whitehaven Coal has won state planning approval for its Tarrawonga Coal Mine Expansion Project in north west NSW Ex dividend Date None Market Summary ASX to open flat US UK Europe mixed US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Investing in 2013 continued Part 9 Stock Trading Tips for All Types of Market Environments Friday January 25th 2013 Last week we wrote about Investing in 2013 suggesting that 2013 promises to be less challenging than 2012 Given there is still plenty of money on the sidelines and that the RBA cash rate is expected to fall even lower than the current 3 percent the share market is a logical avenue to achieve better returns than the dwindling cash rate And the markets pushed even higher this week Yield and capital growth will be a recurring theme again this year In today s article we do a top down analysis of the Australian market as 2013 gets underway in an attempt to assess what may be ahead for us in 2013 Australia in 2012 The Aussie market rebounded strongly in the first quarter of 2012 and again in the latter quarter of the year The gains were led by the stellar performance of the banks and other high yielding sectors throughout the year and were eventually joined by the materials and industrials sectors with money moving from the sidelines as the RBA cash rate fell to 3 0 percent All in all many investors will be ruing not participating in the eventual returns in equities for the year but even as late as the end of November the ASX was looking at subdued returns for the year CHART ASX200 Performance for 2012 2013 has begun with a bang as investors who have been heavily weighted in cash over the past couple of years scramble to get on board the equities train The ASX 200 has jumped 3 5 year to date YTD and is up a whopping 11 from its November lows refer to the chart below We may see the market trade even higher near term if the market does not consolidate which is what the bulk of the retail investors are waiting for There is an old adage about the market in that it will go in the direction that causes most pain to the vast majority of investors At the moment it is very painful for those investors who continue to sit on piles of cash as the share market runs away CHART Recent Market Performances Commodities The Australian economy is heavily dependent on the commodity cycle so let s check out what s happening with commodities Commodities had a roller coaster ride throughout 2012 Gold silver and copper prices shone but aluminium and crude oil prices underperformed Crude oil prices actually finished in the red for the year as illustrated in the chart below Base metals had another tough year weighed down by the slowing economic growth in China CHART Commodity Price Performance for 2012 and 2013 YTD Moves Iron ore was a major driver for the materials sector on the ASX with spot prices ranging from over US140 down to below US90 and then recovering over 60 from their September lows to once again trade over US150 Expect iron ore prices to drive our materials sector again this year This chart also illustrates that commodity prices have begun 2013 with continued momentum Gold is holding its long term uptrend as long as the US1 600 support level holds the price should be support by all the central bank easing that is happening world wide Copper has been crawling higher in the past eighteen months and the 320 level needs to hold to support the current drift higher Silver has been crabbing sideways for the past couple of years and looks set for a major move medium term Crude oil is trapped within a range between US80 and 110 with US100 the key pivot level this year The positive trader sentiment has continued into 2013 as seen by the green bars on the above chart Investment Themes For 2013 Investors will need to be nimble again this year in managing their portfolio and trading positions Buy and hold has not worked in the past few years resulting in investors having to become more active Next week we will analyse the market by sector and identify some interesting trends If you can t wait till next week then request the bonus below which also highlights investments themes and how to invest for 2013 Bonus We have compiled a Special Report on Investing in 2013 where we cover Evaluation of the Australian market and what to expect in 2013 Evaluation of commodities prices Top down sector analysis on the Australian market Sectors to focus on this year Investing for Yield and our view on interest rates Investment themes How to survive 2013 For a free BONUS report email advisory d2mx com au or call 1300 610 024 You can also request the trading results from our Advisory service which performed well in excess of the overall market return in 2012 For trade ideas and recommendations on how to trade in this market sign up for a free trial of the D2MX Daily Trading Report which provides a daily serving of insightful market analysis from the D2MX Advisory team including Trade ideas and strategies Dividend enhancement strategies Market scans to watch International market analysis and Highlights from the S P ASX 200 To request an obligation free trial call 1300 610 024 or email advisory d2mx com au Contact me at D2MX Trading on 1300 610 024 and I can help you trade using a number of strategies that will give you the tools to navigate this market and help you boost your returns on investment Michael Hevern Investment Adviser D2MX Trading This report was prepared by Michael Hevern It represents the views and opinions of the author It is not intended for use by any third party without the approval of Michael Hevern While this report is based on information from sources which are considered reliable its accuracy and completeness cannot be guaranteed Any opinions expressed reflect my judgment at this date and are subject to change Contracting Hevern Pty Ltd is a Corporate Authorised Representative No 408868 of D2MX Pty Limited ABN 98 113 959 596 AFSL No 297950 D2MX and Michael Hevern has been appointed as an Authorised Representative of Contracting Hevern Pty Ltd Opinions conclusions and other information expressed in this report are not given or endorsed by D2MX unless otherwise indicated The information contained in this Report is General Advice only as the information or advice given does not take into account your particular objectives financial situation or needs Disclaimer Using leverage to invest can be a two edged sword as it can magnify your returns when the stock price rises but will in turn magnify the losses if the trade does not perform as expected 2011 Market Performances CHART Market Performances in 2011 Go to Top Tags ASX Commodities interest rates investing in shares stock trading tips where to invest XJO Posted in ASX Trading News Stock Market Analysis Trading Strategies No Comments Stock Market Analysis Markets Higher As Investors Play Catchup Friday January 25th 2013 US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs European stock markets continued higher overnight on the back of better than expected manufacturing data Asian stock markets traded lower yesterday despite the Chinese Flash PMI numbers improving Commodities prices were lower Gold prices are trading around US1 667 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US and European markets overnight Note it will be busy this morning with options settlements The Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season and it has been a busy week with a fifth of the S P500 corporates reporting their quarterly results The SPI Futures is trading above the key level of 4700 ended up 0 3 or 16 points at 4797 The key levels for our index today are 4770 to 4830 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs despite falls in technology stocks The three benchmark indexes ended higher except for the tech heavy Nasdaq overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 closed just below 1500 with all sectors ended in the green except for Technology down 1 7 with the gains led by the Healthcare Consumer related and Financials sectors all up over 0 6 Next target for the S P500 is 1525 in the near term Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term Positive trader sentiment was driven by the better than expected weekly jobs data where claims for jobless benefits in the US unexpectedly dropped elsewhere a report showed the index of leading economic indicators a gauge of the outlook for the next three to six months climbed 0 5 percent last month Also Chinese manufacturing expanded at the fastest rate in two years according to a survey of companies Of the 134 S P500 companies that have reported 97 have exceeded expectations according to a Bloomberg survey The tech sector was dragged down by Apple down 12 after reporting its slowest profit growth since 2003 The global financial and business leaders are meeting in Davos Switzerland for their annual conference The Dow Jones closed up 0 3 at 13 825 the S P 500 index up 0 1 at 1 495 the Nasdaq ended down 0 7 at 3 130 and the smaller cap Russell 2000 was up 0 4 European Markets European stock markets continued higher overnight on the back of better than expected manufacturing data and relief as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs up around 1 and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union In Germany the market rose on the back of reports that showed eurozone manufacturing and services contracted at a slower pace in January as a Markit Economics composite index based on a survey of purchasing managers in both industries rose to 48 2 up from 47 2 in December a reading below 50 indicates contraction In other economic news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 1 1 at 6 265 in Germany the DAX closed up 1 1 at 7 748 while in France the CAC closed up 0 6 at 3 752 and Spain closed up 0 6 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 4 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market rose for the first time in four days The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 However Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower despite the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 In China the SSE Composite down 0 8 at 2 302 while in Hong Kong the Hang Seng Index closed down 0 2 at 23 599 and in Japan the Nikkei 225 Index was up 1 3 at 10 620 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 97 on a higher Euro while the Australian Dollar last traded lower at 1 045 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 7 settled at US95 96 Copper prices are looking for key support level as Copper for February delivery was down 0 3 at US3 675 while February Gold was down 1 2 or US19 90 at US1 667 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down as much as 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Cautious Ahead Of Chinese Data Thursday January 24th 2013 US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers European stock markets generally rose overnight relieved as the US debt ceiling deadlines is pushed back Asian stock markets traded lower yesterday ahead of the Chinese Flach PMI numbers due out today Commodities prices were lower Gold prices are trading around US1 685 while crude oil closed around US95 The Australian market is looking to open higher again today as stock prices rose in the US and were mixed in the European markets overnight The markets are still being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results with technology companies surprising to the upside The ABS released the CPI figures yesterday which provided a weaker than expected reading of inflation which raisesd the chances of the Reserve Bank RBA cutting interest rates when it meets in February but economists are saying there is only a 30 chance of a cut at this stage The Chinese HSCBC Preliminary PMI data is due out today and it is options expiry The SPI Futures is trading above the key level of 4700 ended up 0 2 or 9 points at 4762 The key levels for our index today are 4740 to 4800 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers The three benchmark indexes all ended higher again overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 sectors ended in the red except for technology up 1 1 with the falls led by the materials energy and financials sectors all up down 0 6 Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term The positive trader sentiment was driven by the better than expected earnings from Travellers and Freeport McMoran which were joined by IBM and Google overnight Of the 101 S P500 companies that have reported 76 have exceeded expectations The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quarterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 4 at 13 779 the S P 500 index up 0 2 at 1 495 the Nasdaq ended up 0 3 at 3 154 and the smaller cap Russell 2000 was down 0 3 European Markets European stock markets generally rose overnight releived as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the Prime Minister pledged to hold a referendum on Britain leaving the European Union In economc news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecat that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 3 at 6 197 in Germany the DAX closed up 0 2 at 7 707 while in France the CAC closed down 0 4 at 3 726 and Spain closed down 0 2 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 ahead of the Chinese Flach PMI numbers due out today The MSCI Asia Pacific Index fell 0 5 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan shares fell for a third day its longest losing streak since before its elections back in early November The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month but would not start bying until next January Chinese shares closed higher for the third session in the past four as traders held their nerve ahead of the Flash PMI figures as HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today Miners were the worst performers in the US overnight In China the SSE Composite up 0 3 at 2 320 while in Hong Kong the Hang Seng Index closed flat at 23 635 and in Japan the Nikkei 225 Index was down 2 1 at 10 487 South Korean KOSPI closed down 0 8 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Company News Oz Minerals releases its quarterly production Ex dividend Date None Market Summary ASX to open higher US UK Europe US higher EU mixed US ADRs Broadly mixed By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Higher as European Markets Ease Wednesday January 23rd 2013 US stock markets rose overnight as the benchmark indexes traded around 5 year highs European stock markets eased overnight Asian stock markets traded higher again yesterday except Japan Commodities prices were higher Gold prices are trading around US1 692 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US but eased the European markets overnight The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The ABS will be releasing the CPI figures out today while the Chinese HSCBC Preliminary PMI data is due out tomorrow along with options expiry Thursday BHP releases its quarterly production today The SPI Futures is trading above the key level of 4700 ended up 0 2 or 11 points at 4753 The key levels for our index today are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets rose overnight as the benchmark indexes traded around 5 year highs The three benchmark indexes all ended overnight with for the Dow Jones Index and the S P500 index trading around 5 year highs and just 5 below all time highs The S P500 sectors ended in the green except for telecoms down 0 1 with the gains led by by the technology and financials sectors all up around 0 3 Near term investors are focusing on corporate earnings and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results It looks like the impending debt ceiling deadline will be pushed out after Speaker John Boehner said House Republicans plan to vote on a three month extension of US borrowing authority in an effort to force the Democratic dominated Senate to adopt a budget plan The positive trader sentiment was driven by the better than expected earnings from GE and Goldmans joined by Travellers and Freeport McMoran overnight Of the 74 S P500 companies that have reported 52 have exceeded expectations In economic news sales of US existing homes unexpectedly dropped in December restrained by the lowest supply of properties in more than a

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    79 53 on a higher Euro while the Australian Dollar last traded higher at 1 047 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 1 0 settled at US97 41 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 6875 while February Gold was up 0 6 or US9 80 at US1 662 70 ASX News Today Coal Price of coal could rise in the wake of the wild weather from ex tropical cyclone Oswald BPT Beach Energy the oil and gas producer still expects to meet its full year production targets despite a fall in the second quarter of the financial year Insurers Insurers were sold down after feeling the pain from ex tropical cyclone Oswald with nearly 10 000 claims lodged and the damage bill at 116 million and rising LKO Lakes Oil the veteran oil and gas explorer says mining billionaire Gina Rinehart has secured a major stake in the company LLC Lend Lease the construction group has won a A364 5 million contract to build 3 500 student apartments across England LYC Lynas Corporation says a state based High Court in Malaysia has denied an application by environmental activists to seek a judicial review the licensing process for its rare earths processing plant MQG Macquarie Group s private wealth business has been reprimanded by the corporate watchdog for failing to comply with industry standards OSH Oil Search says a strong final three months of the year has helped it produce 6 38 million barrels of oil equivalent mmboe in 2012 which is within the company s guidance range of 6 2 to 6 7 mmboe PXS Pharmaxis expects to find out later this week the results of a key US review of its cystic fibrosis treatment Bronchitol QAN Qantas has confirmed a flight that had to be diverted en route from Brisbane to Townsville was having cabin pressure problems Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Ease Near All Time Highs Tuesday January 29th 2013 US stock markets ended flat overnight but are getting closer to their all time highs European stock markets ended flat overnight supported by last week s better than expected manufacturing data Asian stock markets traded higher yesterday except for Japan Commodities prices were mixed Gold prices are trading around US1 652 while crude oil closed around US96 The Australian market is looking to open flat today as stock prices were mixed in the US and European markets overnight Last week the Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season in another been a busy week with S P500 corporates reporting their quarterly results Locally coal producures and insurers will be in focus likely to be negatively impacted by the Queensland floods The SPI Futures is trading above the key level of 4700 ended down 0 1 or 3 points at 4830 The key levels for our index today are 4790 to 4840 See below for ASX listed companies in the news today US Markets US stock markets ended flat overnight but are getting closer to their all time highs The three benchmark indexes ended higher last week with the Dow Jones Index and the S P500 index trading at 5 year highs and only 4 below all time highs All the S P500 sectors ended in the red except for Technology up 0 4 with the falls led by the Materials down 1 followed by Healthcare Consumer related and Financials sectors all down over 0 4 The next target for the S P500 is still 1525 in the near term Economic news was mixe with a drop in pending home sales down 4 3 in December offsetting a rise in durable goods orders up 4 6 0n month while investors continued to digest earnings and look forward to the Non Farm Payrols retport due out Friday Near term investors are focusing on corporate earnings with another busy week for the S P500 components Of the 150 S P500 companies that have reported 113 have exceeded expectations according to Bloomberg surveys The tech sector was supported by Apple up 2 3 after reporting its slowest profit growth since 2003 earlier in the week The Dow Jones closed down 0 1 at 13 882 the S P 500 index down 0 2 at 1 500 the Nasdaq ended down 0 2 at 3 154 and the smaller cap Russell 2000 was up 0 2 European Markets European stock markets ended flat overnight supported by last week s better than expected manufacturing data The Stoxx 600 was ended eased 0 1 for the session but is still at levels not seen since February 2011 The index is up 3 5 for the year The earnings season heats up with 41 companies listed on the Europe Stoxx 600 are due to report earnings this week The three benchmark indexes all ended flat but remain near their recent highs up and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union Trader sentiment was dampened byt last week s news that the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 2 at 6 294 in Germany the DAX closed down 0 3 at 7 833 while in France the CAC closed up 0 1 at 3 780 and Spain closed down 0 6 Asian Markets Asian stock markets traded higher yesterday except for Japan with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 3 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering but Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market fell again snapping its longest weekly winning streak in more than 40 years after the BoJ Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares charged to their highest level in seven months after industrial profits climbed for a fourth month in December with the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today The National Bureau of Statistics also helped by reporting Chinese industrial companies profits rose 17 percent to 895 billion yuan US144 billion in December on year In China the SSE Composite up 2 4 at 2 346 while in Hong Kong the Hang Seng Index closed up 0 4 at 23 672 and in Japan the Nikkei 225 Index was down 0 9 at 10 824 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 79 on a higher Euro while the Australian Dollar last traded lower at 1 041 Commodities prices traded mixed For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 44 Copper prices are looking for key support level as Copper for February delivery was up 0 3 at US3 6615 while February Gold was down 0 2 or US3 70 at US1 653 ASX News Today AGO Atlas Iron could beat its full year sales guidance after shipping more lower grade iron ore than expected in the December quarter BPT Beach Energy is expected to release its first half report on Tuesday LEI Leighton Holdings subsidiary Thiess has won a 175 million maintenance contract with Sydney Water MIN Mineral Resources says Gina Reinhart has sold her stake at 10 share OSH Oil Search is expected to release its fourth quarter production report on Tuesday RMD ResMed the Sleep disorder specialist has lifted its second quarter net profit by 24 percent to 74 8 million ahead of market expectations SFH Specialty Fashion Group teh womenswear retailer says a major reason behind a huge jump in projected first half profit is that it no longer sells cheap China made copies of overseas designs WHC Whitehaven Coal has won state planning approval for its Tarrawonga Coal Mine Expansion Project in north west NSW Ex dividend Date None Market Summary ASX to open flat US UK Europe mixed US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Higher As Investors Play Catchup Friday January 25th 2013 US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs European stock markets continued higher overnight on the back of better than expected manufacturing data Asian stock markets traded lower yesterday despite the Chinese Flash PMI numbers improving Commodities prices were lower Gold prices are trading around US1 667 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US and European markets overnight Note it will be busy this morning with options settlements The Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season and it has been a busy week with a fifth of the S P500 corporates reporting their quarterly results The SPI Futures is trading above the key level of 4700 ended up 0 3 or 16 points at 4797 The key levels for our index today are 4770 to 4830 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs despite falls in technology stocks The three benchmark indexes ended higher except for the tech heavy Nasdaq overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 closed just below 1500 with all sectors ended in the green except for Technology down 1 7 with the gains led by the Healthcare Consumer related and Financials sectors all up over 0 6 Next target for the S P500 is 1525 in the near term Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term Positive trader sentiment was driven by the better than expected weekly jobs data where claims for jobless benefits in the US unexpectedly dropped elsewhere a report showed the index of leading economic indicators a gauge of the outlook for the next three to six months climbed 0 5 percent last month Also Chinese manufacturing expanded at the fastest rate in two years according to a survey of companies Of the 134 S P500 companies that have reported 97 have exceeded expectations according to a Bloomberg survey The tech sector was dragged down by Apple down 12 after reporting its slowest profit growth since 2003 The global financial and business leaders are meeting in Davos Switzerland for their annual conference The Dow Jones closed up 0 3 at 13 825 the S P 500 index up 0 1 at 1 495 the Nasdaq ended down 0 7 at 3 130 and the smaller cap Russell 2000 was up 0 4 European Markets European stock markets continued higher overnight on the back of better than expected manufacturing data and relief as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs up around 1 and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union In Germany the market rose on the back of reports that showed eurozone manufacturing and services contracted at a slower pace in January as a Markit Economics composite index based on a survey of purchasing managers in both industries rose to 48 2 up from 47 2 in December a reading below 50 indicates contraction In other economic news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 1 1 at 6 265 in Germany the DAX closed up 1 1 at 7 748 while in France the CAC closed up 0 6 at 3 752 and Spain closed up 0 6 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 4 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market rose for the first time in four days The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 However Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower despite the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 In China the SSE Composite down 0 8 at 2 302 while in Hong Kong the Hang Seng Index closed down 0 2 at 23 599 and in Japan the Nikkei 225 Index was up 1 3 at 10 620 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 97 on a higher Euro while the Australian Dollar last traded lower at 1 045 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 7 settled at US95 96 Copper prices are looking for key support level as Copper for February delivery was down 0 3 at US3 675 while February Gold was down 1 2 or US19 90 at US1 667 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down as much as 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Cautious Ahead Of Chinese Data Thursday January 24th 2013 US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers European stock markets generally rose overnight relieved as the US debt ceiling deadlines is pushed back Asian stock markets traded lower yesterday ahead of the Chinese Flach PMI numbers due out today Commodities prices were lower Gold prices are trading around US1 685 while crude oil closed around US95 The Australian market is looking to open higher again today as stock prices rose in the US and were mixed in the European markets overnight The markets are still being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results with technology companies surprising to the upside The ABS released the CPI figures yesterday which provided a weaker than expected reading of inflation which raisesd the chances of the Reserve Bank RBA cutting interest rates when it meets in February but economists are saying there is only a 30 chance of a cut at this stage The Chinese HSCBC Preliminary PMI data is due out today and it is options expiry The SPI Futures is trading above the key level of 4700 ended up 0 2 or 9 points at 4762 The key levels for our index today are 4740 to 4800 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers The three benchmark indexes all ended higher again overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 sectors ended in the red except for technology up 1 1 with the falls led by the materials energy and financials sectors all up down 0 6 Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term The positive trader sentiment was driven by the better than expected earnings from Travellers and Freeport McMoran which were joined by IBM and Google overnight Of the 101 S P500 companies that have reported 76 have exceeded expectations The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quarterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 4 at 13 779 the S P 500 index up 0 2 at 1 495 the Nasdaq ended up 0 3 at 3 154 and the smaller cap Russell 2000 was down 0 3 European Markets European stock markets generally rose overnight releived as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the Prime Minister pledged to hold a referendum on Britain leaving the European Union In economc news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecat that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 3 at 6 197 in Germany the DAX closed up 0 2 at 7 707 while in France the CAC closed down 0 4 at 3 726 and Spain closed down 0 2 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 ahead of the Chinese Flach PMI numbers due out today The MSCI Asia Pacific Index fell 0 5 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan shares fell for a third day its longest losing streak since before its elections back in early November The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month but would not start bying until next January Chinese shares closed higher for the third session in the past four as traders held their nerve ahead of the Flash PMI figures as HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today Miners were the worst performers in the US overnight In China the SSE Composite up 0 3 at 2 320 while in Hong Kong the Hang Seng Index closed flat at 23 635 and in Japan the Nikkei 225 Index was down 2 1 at 10 487 South Korean KOSPI closed down 0 8 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Company News Oz Minerals releases its quarterly production Ex dividend Date None Market Summary ASX to open higher US UK Europe US higher EU mixed US ADRs Broadly mixed By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Higher as European Markets Ease Wednesday January 23rd 2013 US stock markets rose overnight as the benchmark indexes traded around 5 year highs European stock markets eased overnight Asian stock markets traded higher again yesterday except Japan Commodities prices were higher Gold prices are trading around US1 692 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US but eased the European markets overnight The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The ABS will be releasing the CPI figures out today while the Chinese HSCBC Preliminary PMI data is due out tomorrow along with options expiry Thursday BHP releases its quarterly production today The SPI Futures is trading above the key level of 4700 ended up 0 2 or 11 points at 4753 The key levels for our index today are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets rose overnight as the benchmark indexes traded around 5 year highs The three benchmark indexes all ended overnight with for the Dow Jones Index and the S P500 index trading around 5 year highs and just 5 below all time highs The S P500 sectors ended in the green except for telecoms down 0 1 with the gains led by by the technology and financials sectors all up around 0 3 Near term investors are focusing on corporate earnings and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results It looks like the impending debt ceiling deadline will be pushed out after Speaker John Boehner said House Republicans plan to vote on a three month extension of US borrowing authority in an effort to force the Democratic dominated Senate to adopt a budget plan The positive trader sentiment was driven by the better than expected earnings from GE and Goldmans joined by Travellers and Freeport McMoran overnight Of the 74 S P500 companies that have reported 52 have exceeded expectations In economic news sales of US existing homes unexpectedly dropped in December restrained by the lowest supply of properties in more than a decade The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quraterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 5 at 13 712 the S P 500 index up 0 4 at 1 492 the Nasdaq ended up 0 3 at 3 143 and the smaller cap Russell 2000 was up 0 7 European Markets European stock markets eased overnight as the US debt ceiling concerns overshadowed the better than expected economic data from China and the US The Stoxx 600 was ended down 0 1 for the session but is still at levels not seen since February 2011 The index is up 2 9 for the year Across the region the mining and financials sectors provided support on the markets The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In economic news the ZEW Center for European Economic Research reported that the German investor confidence increased to the highest in two and a half years in January and reported its index of investor and analyst expectations which aims to predict economic developments six months rose up 31 5 in December its highest reading since May 2010 In London the FTSE 100 was flat at 6 179 in Germany the DAX closed down 0 7 at 7 692 while in France the CAC closed down 0 6 at 3 741 and Spain closed down 0 4 Asian Markets Asian stock markets traded higher again yesterday except Japan with the regional benchmark index now trading around levels not seen since August 2011 The MSCI Asia Pacific Index rose 0 4 and the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares gaining after the new leadership promoted a new stimulus package In Japan shares eased after last week recording its longest winning streak since 1986 after the Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower for the first time in three sessions as traders took some profits off the table after Chinese data released last week showed showed GDP figures were better than expected with the Chinese gross domestic product rising 7 9 from a year earlier in the final quarter of 2012 up from 7 4 growth in the third quarter and HSBC now expected growth to improve to 8 4 for 2013 and will release Preliminary PMI data tomorrow In China the SSE Composite down 0 6 at 2 315 while in Hong Kong the Hang Seng Index closed up 0 3 at 23 659 and in Japan the Nikkei 225 Index was down 0 4 at 10 710 South Korean KOSPI closed up 0 5 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton releases its December quarter production report BLD Boral reports today GUD GUD Holdings the household appliances and cleaning products supplier says it is in a strong financial position although most of the sectors in which it trades remain highly competitive MAH Macmahon Holdings shares surged after the mining contractor sealed a 1 8 billion deal with Fortescue Metals Group almost doubling its order book MBN Mirabela Nickel says it hopes to increase production to between 22 000 to 24 000 tonnes of nickel in concentrate in 2013 NAB National Australia Bank will be in focus again after the Spanish giant Santander had denied it was interested in buying its troubled UK banks Company News BHP releases its quarterly production today Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis European Markets Continue Higher Tuesday January 22nd 2013 US stock markets closed overnight but the benchmark indexes trading are at 5 year highs European stocks climbed overnight as eurozone finance ministers met for the first time in 2013 Asian stock markets generally eased back from their August 2011 highs yesterday as traders took some profits off the table Commodities prices were higher Gold prices are trading around US1 689 while crude oil closed around US96 The Australian market is looking to open higher again today as stock markets were closed in the US but rose again in the Europe due better news last week out of the US and the Chinese growth data The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The SPI Futures is trading above the key level of 4700 ended flat or 3 points at 4740 The key levels for our index are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets closed overnight but are up for a third week and benchmark indexes trading are at 5 year highs The three benchmark indexes all ended last

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    79 53 on a higher Euro while the Australian Dollar last traded higher at 1 047 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 1 0 settled at US97 41 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 6875 while February Gold was up 0 6 or US9 80 at US1 662 70 ASX News Today Coal Price of coal could rise in the wake of the wild weather from ex tropical cyclone Oswald BPT Beach Energy the oil and gas producer still expects to meet its full year production targets despite a fall in the second quarter of the financial year Insurers Insurers were sold down after feeling the pain from ex tropical cyclone Oswald with nearly 10 000 claims lodged and the damage bill at 116 million and rising LKO Lakes Oil the veteran oil and gas explorer says mining billionaire Gina Rinehart has secured a major stake in the company LLC Lend Lease the construction group has won a A364 5 million contract to build 3 500 student apartments across England LYC Lynas Corporation says a state based High Court in Malaysia has denied an application by environmental activists to seek a judicial review the licensing process for its rare earths processing plant MQG Macquarie Group s private wealth business has been reprimanded by the corporate watchdog for failing to comply with industry standards OSH Oil Search says a strong final three months of the year has helped it produce 6 38 million barrels of oil equivalent mmboe in 2012 which is within the company s guidance range of 6 2 to 6 7 mmboe PXS Pharmaxis expects to find out later this week the results of a key US review of its cystic fibrosis treatment Bronchitol QAN Qantas has confirmed a flight that had to be diverted en route from Brisbane to Townsville was having cabin pressure problems Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Ease Near All Time Highs Tuesday January 29th 2013 US stock markets ended flat overnight but are getting closer to their all time highs European stock markets ended flat overnight supported by last week s better than expected manufacturing data Asian stock markets traded higher yesterday except for Japan Commodities prices were mixed Gold prices are trading around US1 652 while crude oil closed around US96 The Australian market is looking to open flat today as stock prices were mixed in the US and European markets overnight Last week the Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season in another been a busy week with S P500 corporates reporting their quarterly results Locally coal producures and insurers will be in focus likely to be negatively impacted by the Queensland floods The SPI Futures is trading above the key level of 4700 ended down 0 1 or 3 points at 4830 The key levels for our index today are 4790 to 4840 See below for ASX listed companies in the news today US Markets US stock markets ended flat overnight but are getting closer to their all time highs The three benchmark indexes ended higher last week with the Dow Jones Index and the S P500 index trading at 5 year highs and only 4 below all time highs All the S P500 sectors ended in the red except for Technology up 0 4 with the falls led by the Materials down 1 followed by Healthcare Consumer related and Financials sectors all down over 0 4 The next target for the S P500 is still 1525 in the near term Economic news was mixe with a drop in pending home sales down 4 3 in December offsetting a rise in durable goods orders up 4 6 0n month while investors continued to digest earnings and look forward to the Non Farm Payrols retport due out Friday Near term investors are focusing on corporate earnings with another busy week for the S P500 components Of the 150 S P500 companies that have reported 113 have exceeded expectations according to Bloomberg surveys The tech sector was supported by Apple up 2 3 after reporting its slowest profit growth since 2003 earlier in the week The Dow Jones closed down 0 1 at 13 882 the S P 500 index down 0 2 at 1 500 the Nasdaq ended down 0 2 at 3 154 and the smaller cap Russell 2000 was up 0 2 European Markets European stock markets ended flat overnight supported by last week s better than expected manufacturing data The Stoxx 600 was ended eased 0 1 for the session but is still at levels not seen since February 2011 The index is up 3 5 for the year The earnings season heats up with 41 companies listed on the Europe Stoxx 600 are due to report earnings this week The three benchmark indexes all ended flat but remain near their recent highs up and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union Trader sentiment was dampened byt last week s news that the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 2 at 6 294 in Germany the DAX closed down 0 3 at 7 833 while in France the CAC closed up 0 1 at 3 780 and Spain closed down 0 6 Asian Markets Asian stock markets traded higher yesterday except for Japan with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 3 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering but Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market fell again snapping its longest weekly winning streak in more than 40 years after the BoJ Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares charged to their highest level in seven months after industrial profits climbed for a fourth month in December with the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today The National Bureau of Statistics also helped by reporting Chinese industrial companies profits rose 17 percent to 895 billion yuan US144 billion in December on year In China the SSE Composite up 2 4 at 2 346 while in Hong Kong the Hang Seng Index closed up 0 4 at 23 672 and in Japan the Nikkei 225 Index was down 0 9 at 10 824 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 79 on a higher Euro while the Australian Dollar last traded lower at 1 041 Commodities prices traded mixed For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 44 Copper prices are looking for key support level as Copper for February delivery was up 0 3 at US3 6615 while February Gold was down 0 2 or US3 70 at US1 653 ASX News Today AGO Atlas Iron could beat its full year sales guidance after shipping more lower grade iron ore than expected in the December quarter BPT Beach Energy is expected to release its first half report on Tuesday LEI Leighton Holdings subsidiary Thiess has won a 175 million maintenance contract with Sydney Water MIN Mineral Resources says Gina Reinhart has sold her stake at 10 share OSH Oil Search is expected to release its fourth quarter production report on Tuesday RMD ResMed the Sleep disorder specialist has lifted its second quarter net profit by 24 percent to 74 8 million ahead of market expectations SFH Specialty Fashion Group teh womenswear retailer says a major reason behind a huge jump in projected first half profit is that it no longer sells cheap China made copies of overseas designs WHC Whitehaven Coal has won state planning approval for its Tarrawonga Coal Mine Expansion Project in north west NSW Ex dividend Date None Market Summary ASX to open flat US UK Europe mixed US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Higher As Investors Play Catchup Friday January 25th 2013 US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs European stock markets continued higher overnight on the back of better than expected manufacturing data Asian stock markets traded lower yesterday despite the Chinese Flash PMI numbers improving Commodities prices were lower Gold prices are trading around US1 667 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US and European markets overnight Note it will be busy this morning with options settlements The Chinese HSCBC Preliminary PMI data showed Chinese manufacturing expanded at the fastest rate in two years The markets are still being driven by US earnings season and it has been a busy week with a fifth of the S P500 corporates reporting their quarterly results The SPI Futures is trading above the key level of 4700 ended up 0 3 or 16 points at 4797 The key levels for our index today are 4770 to 4830 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes pushed past 5 year highs despite falls in technology stocks The three benchmark indexes ended higher except for the tech heavy Nasdaq overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 closed just below 1500 with all sectors ended in the green except for Technology down 1 7 with the gains led by the Healthcare Consumer related and Financials sectors all up over 0 6 Next target for the S P500 is 1525 in the near term Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term Positive trader sentiment was driven by the better than expected weekly jobs data where claims for jobless benefits in the US unexpectedly dropped elsewhere a report showed the index of leading economic indicators a gauge of the outlook for the next three to six months climbed 0 5 percent last month Also Chinese manufacturing expanded at the fastest rate in two years according to a survey of companies Of the 134 S P500 companies that have reported 97 have exceeded expectations according to a Bloomberg survey The tech sector was dragged down by Apple down 12 after reporting its slowest profit growth since 2003 The global financial and business leaders are meeting in Davos Switzerland for their annual conference The Dow Jones closed up 0 3 at 13 825 the S P 500 index up 0 1 at 1 495 the Nasdaq ended down 0 7 at 3 130 and the smaller cap Russell 2000 was up 0 4 European Markets European stock markets continued higher overnight on the back of better than expected manufacturing data and relief as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs up around 1 and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the PM pledged to hold a referendum on Britain leaving the European Union In Germany the market rose on the back of reports that showed eurozone manufacturing and services contracted at a slower pace in January as a Markit Economics composite index based on a survey of purchasing managers in both industries rose to 48 2 up from 47 2 in December a reading below 50 indicates contraction In other economic news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecast that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 1 1 at 6 265 in Germany the DAX closed up 1 1 at 7 748 while in France the CAC closed up 0 6 at 3 752 and Spain closed up 0 6 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 The IMF has cut its global growth predictions however it is maintaining its forecast for China forecasting growth of 8 2 percent growth this year and 8 5 percent in 2014 The MSCI Asia Pacific Index fell 0 4 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan the market rose for the first time in four days The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 However Japan s central bank said it would delay buying until next January when it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower despite the HSBC s Flash Purchasing Managers Index PMI rising to 51 9 in January above estimates and up from 51 5 in December HSBC now expects growth to improve to 8 4 for 2013 In China the SSE Composite down 0 8 at 2 302 while in Hong Kong the Hang Seng Index closed down 0 2 at 23 599 and in Japan the Nikkei 225 Index was up 1 3 at 10 620 South Korean KOSPI closed down 0 4 for the session Commodities The Dollar Index was at lower 79 97 on a higher Euro while the Australian Dollar last traded lower at 1 045 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 7 settled at US95 96 Copper prices are looking for key support level as Copper for February delivery was down 0 3 at US3 675 while February Gold was down 1 2 or US19 90 at US1 667 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down as much as 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis Markets Cautious Ahead Of Chinese Data Thursday January 24th 2013 US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers European stock markets generally rose overnight relieved as the US debt ceiling deadlines is pushed back Asian stock markets traded lower yesterday ahead of the Chinese Flach PMI numbers due out today Commodities prices were lower Gold prices are trading around US1 685 while crude oil closed around US95 The Australian market is looking to open higher again today as stock prices rose in the US and were mixed in the European markets overnight The markets are still being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results with technology companies surprising to the upside The ABS released the CPI figures yesterday which provided a weaker than expected reading of inflation which raisesd the chances of the Reserve Bank RBA cutting interest rates when it meets in February but economists are saying there is only a 30 chance of a cut at this stage The Chinese HSCBC Preliminary PMI data is due out today and it is options expiry The SPI Futures is trading above the key level of 4700 ended up 0 2 or 9 points at 4762 The key levels for our index today are 4740 to 4800 See below for ASX listed companies in the news today US Markets US stock markets rose again overnight as the benchmark indexes reached 5 year highs led by better than expected reports from technology bellwethers The three benchmark indexes all ended higher again overnight with for the Dow Jones Index and the S P500 index trading at 5 year highs and just 4 below all time highs The S P500 sectors ended in the red except for technology up 1 1 with the falls led by the materials energy and financials sectors all up down 0 6 Near term investors are focusing on corporate earnings with a fifth of the S P500 corporates are due to release their quarterly results by week s end The US House voted to temporarily suspend the nation s borrowing limit removing the debt ceiling as a driver for seeking deeper spending cuts in the near term They lifted the government s US16 4 trillion borrowing limit until 19 May This move is seen as eliminating the risk that House Republicans would be blamed for a default in the short term The positive trader sentiment was driven by the better than expected earnings from Travellers and Freeport McMoran which were joined by IBM and Google overnight Of the 101 S P500 companies that have reported 76 have exceeded expectations The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quarterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 4 at 13 779 the S P 500 index up 0 2 at 1 495 the Nasdaq ended up 0 3 at 3 154 and the smaller cap Russell 2000 was down 0 3 European Markets European stock markets generally rose overnight releived as the US debt ceiling deadlines is pushed back The Stoxx 600 was ended rose 0 2 for the session and is still at levels not seen since February 2011 The index is up 3 for the year The index is trading at a price earnings multiple of 19 3 times reported earnings which is the highest since March 2010 as the earnings season begins with 9 companies listed on the Europe Stoxx 600 are due to report earnings this week while 41 report next week The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In the UK the market climbed to its highest level since May 2008 as unemployment unexpectedly fell and the Prime Minister pledged to hold a referendum on Britain leaving the European Union In economc news the International Monetary Fund IMF cut its global growth forecasts and now projects a second year of contraction in the eurozone as progress in resolving the European debt crisis fails to produce an economic recovery The IMF forecat that the world economy will expand 3 5 percent this year down from the 3 6 percent forecast in October In London the FTSE 100 was up 0 3 at 6 197 in Germany the DAX closed up 0 2 at 7 707 while in France the CAC closed down 0 4 at 3 726 and Spain closed down 0 2 Asian Markets Asian stock markets traded lower yesterday with the regional benchmark index backing off levels not seen since August 2011 ahead of the Chinese Flach PMI numbers due out today The MSCI Asia Pacific Index fell 0 5 but the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares pulled back after the central delayed the start of an aggressive asset purchase program In Japan shares fell for a third day its longest losing streak since before its elections back in early November The Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month but would not start bying until next January Chinese shares closed higher for the third session in the past four as traders held their nerve ahead of the Flash PMI figures as HSBC now expects growth to improve to 8 4 for 2013 and will release Preliminary PMI data today Miners were the worst performers in the US overnight In China the SSE Composite up 0 3 at 2 320 while in Hong Kong the Hang Seng Index closed flat at 23 635 and in Japan the Nikkei 225 Index was down 2 1 at 10 487 South Korean KOSPI closed down 0 8 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded lower For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton is on track to lift its full year iron ore production after enjoying a better than expected result in the final three months of 2012 BLD Boral the building products maker has upgraded its underlying 1H13 profit forecast after ramping up cost cuts and enjoying better trading conditions before Christmas CWN The NSW Greens say there are conflict of interest concerns about a firm helping to assess James Packer s 1 billion Barangaroo proposal which they say is another blow to the government s transparency claims LNC Linc Energy shares surged as they estimate its shale resource in South Australia is up to 223 billion barrels of oil equivalent OZL Oz Minerals says its full year gold production will be down 12 NUF Nufarm has warned that the hot and dry conditions on the east coast weaken demand for its products Company News Oz Minerals releases its quarterly production Ex dividend Date None Market Summary ASX to open higher US UK Europe US higher EU mixed US ADRs Broadly mixed By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis US Markets Higher as European Markets Ease Wednesday January 23rd 2013 US stock markets rose overnight as the benchmark indexes traded around 5 year highs European stock markets eased overnight Asian stock markets traded higher again yesterday except Japan Commodities prices were higher Gold prices are trading around US1 692 while crude oil closed around US96 The Australian market is looking to open higher again today as stock prices rose in the US but eased the European markets overnight The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The ABS will be releasing the CPI figures out today while the Chinese HSCBC Preliminary PMI data is due out tomorrow along with options expiry Thursday BHP releases its quarterly production today The SPI Futures is trading above the key level of 4700 ended up 0 2 or 11 points at 4753 The key levels for our index today are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets rose overnight as the benchmark indexes traded around 5 year highs The three benchmark indexes all ended overnight with for the Dow Jones Index and the S P500 index trading around 5 year highs and just 5 below all time highs The S P500 sectors ended in the green except for telecoms down 0 1 with the gains led by by the technology and financials sectors all up around 0 3 Near term investors are focusing on corporate earnings and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results It looks like the impending debt ceiling deadline will be pushed out after Speaker John Boehner said House Republicans plan to vote on a three month extension of US borrowing authority in an effort to force the Democratic dominated Senate to adopt a budget plan The positive trader sentiment was driven by the better than expected earnings from GE and Goldmans joined by Travellers and Freeport McMoran overnight Of the 74 S P500 companies that have reported 52 have exceeded expectations In economic news sales of US existing homes unexpectedly dropped in December restrained by the lowest supply of properties in more than a decade The global financial and business leaders are meeting in Davos Switzerland for their annual forum According to a Bloomberg quraterly survey of investors traders and analysts 53 percent of those surveyed expect equities will offer the highest return this year up 17 percentage from the November poll The Dow Jones closed up 0 5 at 13 712 the S P 500 index up 0 4 at 1 492 the Nasdaq ended up 0 3 at 3 143 and the smaller cap Russell 2000 was up 0 7 European Markets European stock markets eased overnight as the US debt ceiling concerns overshadowed the better than expected economic data from China and the US The Stoxx 600 was ended down 0 1 for the session but is still at levels not seen since February 2011 The index is up 2 9 for the year Across the region the mining and financials sectors provided support on the markets The three benchmark indexes all ended close near their recent highs and are up over 10 from their November lows In economic news the ZEW Center for European Economic Research reported that the German investor confidence increased to the highest in two and a half years in January and reported its index of investor and analyst expectations which aims to predict economic developments six months rose up 31 5 in December its highest reading since May 2010 In London the FTSE 100 was flat at 6 179 in Germany the DAX closed down 0 7 at 7 692 while in France the CAC closed down 0 6 at 3 741 and Spain closed down 0 4 Asian Markets Asian stock markets traded higher again yesterday except Japan with the regional benchmark index now trading around levels not seen since August 2011 The MSCI Asia Pacific Index rose 0 4 and the index is still on track to extend its rally for a third consecutive month on the back of news that showed the Chinese economy is recovering and Japanese shares gaining after the new leadership promoted a new stimulus package In Japan shares eased after last week recording its longest winning streak since 1986 after the Bank of Japan BoJ said it would pursue an aggressive asset buying program in at attempt to reverse the stagnation of the past two decades and is now targeting an inflation rate of 2 Japan s central bank said it will buy about YEN13 trillion US145 billion in Japanese government bonds and treasuries per month Chinese shares closed lower for the first time in three sessions as traders took some profits off the table after Chinese data released last week showed showed GDP figures were better than expected with the Chinese gross domestic product rising 7 9 from a year earlier in the final quarter of 2012 up from 7 4 growth in the third quarter and HSBC now expected growth to improve to 8 4 for 2013 and will release Preliminary PMI data tomorrow In China the SSE Composite down 0 6 at 2 315 while in Hong Kong the Hang Seng Index closed up 0 3 at 23 659 and in Japan the Nikkei 225 Index was down 0 4 at 10 710 South Korean KOSPI closed up 0 5 for the session Commodities The Dollar Index was at lower 79 87 on a higher Euro while the Australian Dollar last traded lower at 1 057 Commodities prices traded higher For the session the Benchmark crude NYMEX for February delivery was up 0 6 settled at US96 62 Copper prices are looking for key support level as Copper for February delivery was up 0 7 at US3 70 while FebruaryGold was up 0 3 or US4 80 at US1 691 80 ASX News Today BHP BHP Billiton releases its December quarter production report BLD Boral reports today GUD GUD Holdings the household appliances and cleaning products supplier says it is in a strong financial position although most of the sectors in which it trades remain highly competitive MAH Macmahon Holdings shares surged after the mining contractor sealed a 1 8 billion deal with Fortescue Metals Group almost doubling its order book MBN Mirabela Nickel says it hopes to increase production to between 22 000 to 24 000 tonnes of nickel in concentrate in 2013 NAB National Australia Bank will be in focus again after the Spanish giant Santander had denied it was interested in buying its troubled UK banks Company News BHP releases its quarterly production today Ex dividend Date None Market Summary ASX to open higher US UK Europe higher US ADRs Broadly higher By Michael Hevern D2MX Investment Advisor For Buy and Sell recommendations on ASX listed companies register for a FREE trial of FREE trial of D2MX Financial Research Tags Asian Markets ASX ASX News Business News Commodities Crude Oil European Markets Ex Dividend gold price Nasdaq Stock Market Analysis stockmarket trading US Market wrap Posted in ASX Company News Morning Wrap Stock Market Analysis No Comments Stock Market Analysis European Markets Continue Higher Tuesday January 22nd 2013 US stock markets closed overnight but the benchmark indexes trading are at 5 year highs European stocks climbed overnight as eurozone finance ministers met for the first time in 2013 Asian stock markets generally eased back from their August 2011 highs yesterday as traders took some profits off the table Commodities prices were higher Gold prices are trading around US1 689 while crude oil closed around US96 The Australian market is looking to open higher again today as stock markets were closed in the US but rose again in the Europe due better news last week out of the US and the Chinese growth data The markets are being driven by US earnings season and it is a frantic week this week as a fifth of the S P500 corporates are due to release their quarterly results and the impending US debt ceiling which may be pushed out The SPI Futures is trading above the key level of 4700 ended flat or 3 points at 4740 The key levels for our index are 4720 to 4780 See below for ASX listed companies in the news today US Markets US stock markets closed overnight but are up for a third week and benchmark indexes trading are at 5 year highs The three benchmark indexes all ended last

    Original URL path: http://blog.traderdealer.com.au/tag/european-markets/ (2013-02-02)
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