Presented by Michael Hevern
MDS Financial
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In this morning’s wrap…
World Indices
DOW down 0.3%
S&P 500 up
- Recovery by Citi, Financials and Energy
NASDAQ up 0.4%
- Bernanke: Fiscal stimulus not enough
FTSE down 0.6%
- 5th day down
- Barclays down 10%, Lloyds down 5%
- BP and Shell up 1.5%
NIKKEI down 4.7%
- At the next level of support
- Autos and exporters down
Commodities
Oil down 0.6%
- below $40 mark ($38)
- prices recover despite demand and supply
Gold down 0.1% ($822)
Silver up 1.2%
Aluminium flat
Lead up 0.3%
Zinc up 4.7 %
Copper up 3.9%
Oil stocks index up 1.5%
Gold stocks index up 2.5%
Commodities stocks index up 2%
Local Index
SPI flat, still below critical 3650 level
ASX News
Transurban: no to MIG s M7 stake
Alumina dividend revision
Oz Minerals and Rio job cuts
AUD down
Gold stocks and Energy to recover
ASX to open slightly positive
