Presented by Michael Hevern
MDS Financial
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In this morning’s wrap…
DOW: down 1.1%
DOW Transport down 45% YoY;
Bank Stress Tests
NASDAQ: up 0.1%
Microsoft & Cisco down 1.2%;
Apple up +1%
FTSE: up 0.9% (down 40% YTD)
BoE says: recession may intensify significantly ; DAX down 1.2% & CAC down 0.4%
NIKKEI: up 2.6% – Below 7900
Yen Weakens; Japan Deeper Recession;
Hang Seng up 1.6%
Oil: up 6% – Above $40 ($42)
Petrol Stockpiles Down;
US Inventories Down Again
Gold: down 0.4% ($965)
Commodities Up;
USD Lower
SPI: Critical Levels 3420 & 3220
SPI down 10;
Bouncing off November Lows
ASX News
- FMG shelves $500m capital raising
- China s Valin to buy $776m (16.5% stake)
- WPL raising $US1bn Corp Bonds;5 & 10 yr @6%
- OZL Friday D-day – debt refinance; Minmetals bid
- PBG first loss($150m);` cuts 1850 jobs
- GFF 1H09 profits down 22% – commodity costs
- WOR 1H09 profit up 29%; Rev up 39%; f/cast growth
- ANZ cuts divy by 25% – to bolster balance sheet
- TLS reports Sol to leave
- ASX to open weaker US testing 12 year lows
Tags: ASX, ASX News, Commodity prices, Dow, FTSE, gold price, investors, Nasdaq, Nikkei, oil price, S&P 500, sharemarket, stockmarket
