Presented by Michael Hevern
MDSFinancial
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In this morning’s wrap…
World Indices
DOW down 2.7%
- new home sales worst on record
- jobless claims worst since 1967
S&P down 3.3%
- hasn t managed to trade above the 50 day moving average
NASDAQ down 3.2%
- profit taking
- Apple, Microsoft and Cisco down
FTSE down 2.5%
- Shell fourth quarter loss
- IMF: World Trade down 45% in fourth quarter
CAC and DAX down 2%
NIKKEI up 1.8%
- above 7900 support
Commodities
Oil down 1.1%
- above $40 mark ($42)
- OPEC considers more production cuts
Gold up 2.2% ($908)
- stimulus to create inflation
Silver up 3%
Nickel, copper, lead and zinc all down
Local Index
SPI down 96 points
- RBA meeting on Tuesday
ASX News
Lendlease writedowns
Tabcorp profits down, $11.5m bounced check
Miners and Financials to weigh
Gold spikes up
RBA to cut interest rates
ASX likely to open sharply lower
Tags: ASX, Dow, finance markets, FTSE, gold, Nasdaq, Nikkei, oil, S&P 500, spi
