USA MARKET

• The Federal Reserve has revised its estimates for the US economy in 2012:
  • GDP: Increased from 2.4% to 2.9%
  • Inflation: Increased from 1.9% to 2.0%
  • Unemployment: Increased from 7.8% to 8.0%

  The Federal Reserve did not change its interest rate – currently near zero.

Commodities

• Gold Futures (Jun): down $1.50 to $1,642/oz
• Oil Futures (WTI LSC Jun): up $0.57 to $104.12/barrel.

Treasury yields

• 30-year: 3.15%
• 10-year: 1.98%
• 5-year: 0.84%

US market indices

• S+P 500: 1,389
• DJIA: 13,070
• NASDAQ: 3,025

PORTFOLIO

• NASDAQ

  • Apple [AAPL] $610.00 +8.87% ($49.72)
  • Amazon [AMZN] $194.42 +2.15%
  • Google [GOOG] $609.72 +1.41%

• NYSE

  • Linkedin [LNKD] $102.64 +4.66%
  • VMware [VMW] $106.73 +3.14%

AUSTRALIAN CURRENCY

Portfolio valuation rate (USD/AUD): 1.0401