Presented by Michael Hevern
MDS Financial
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In this morning’s wrap…
DOW: up 3.3%
Short Cover Rally off 12 Year Lows;
Ben says : No to Bank Nationalisation
NASDAQ: up 3.9%
Microsoft down 0.2%;
Cisco & Apple up +4%
FTSE: down 0.9% (down 41% YTD)
S&P to Review EU Insurers;
DAX down 2% & CAC down 0.7%
NIKKEI: down 1.5% – Below 7900
Yen Weakens;
Hang Seng down 2.8%
Oil: up 4% – At $40
Economies
& Oil Price Linked
Commodities Up;
USD Lower
Gold: down 2.9% ($966)
SPI up 70;
Bouncing off November Lows
SPI: Critical Levels 3420 & 3220
ASX News
- VBA Soars despite booking $101m loss
- SUN 1H09 EPS down 33%;
- FMG China s Valin Steel to buy $776m (16.5% stake)
- WPL Gas discovery in Carnavon Basin
- OSH increased profits (up 70%) & exploration cuts to save
- ALL 1H09 profit down 59%
- ASX to open sharply higher US bounces off 12 year lows
Tags: ASX, ASX News, Dow, FTSE, investors, Nasdaq, Nikkei, S&P 500, share market, shareholders, spi
