Tuesday, July 6, 2010

[cpsnewswire] [ASX Morning Update, Tuesday, July 6, 2010]

Stocks poised for flat start

July 6 (AAP) The Australian market is poised for a flat start this morning after receiving mostly flat to negative leads from major Asian and European markets on Monday as Wall Street remained closed for the July 4 Public Holiday in the US.

On the Sydney Futures Exchange, the September share price index contract was 13 points lower at 4195.


- No trade in US for public holiday
- The dollar eases to 83.98 US cents
- Oil rises to $US72.59
- Gold hovers around $US1206

The Australian Chamber of Commerce and Industry is scheduled to release its survey of investor confidence for the June quarter, while the Australian Bureau of Statistics issues data for international trade in goods and services for May.


NEW YORK - There was no trade in New York overnight, with Wall Street closed for the Independence Day holiday.

LONDON - European stock exchanges wilted on Monday but losses were far less dramatic than those of last week, in listless trading on a day when Wall Street was closed.

In London on Monday, the FTSE 100 index shed 0.30 per cent, or 14.56 points, to close at 4,823.53. 

FRANKFURT - In Germany, the DAX fell 0.31 per cent, or 17.95 points, to 5816.20.

PARIS - The CAC 40 lost 15.91 points, or 0.48 per cent, to 3332.46 points.

TOKYO - Japan's Nikkei edged higher on Monday, with short-covering in exporters emerging after the benchmark marked its worst week in over a month and as a key retracement level continued to provide support.

The benchmark Nikkei rose 0.7 per cent, or 63.07 points, to 9,266.78, while the broader Topix gained 0.7 per cent to 836.89.

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"Mogi" Munkhdul Badral

CPS International


Mobile: +976-99996779

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based ASX Licensed Financial Services Company. To trade ASX stocks, feel free to contact me at or +976-9999-6779.

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