adr's up in the states

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    The American Depository Receipts for the banks were up between 1/2 - 1 % overnight. This is positive,but less than the resource stocks such as BHP (Up 2%).

    Should be a good day all over today, albiet slightly subdued due to interest rate concerns.

    Nearly all the key firms are expecting a 25 basis point increase, so the surprise will be if we get anything else than that.

    Expect a surge between 10:00-10:30am, then lower volume for the rest of the day.

    Cheers
 
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