Presented by Michael Hevern
MDSFinancial
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In this morning’s wrap…
DOW: down 3.4%
12 Year Lows (1997);
Bank Rescue Plan Disappointment
NASDAQ: down 3.7%
Microsoft down 3% -
Severance Pay Issues
FTSE: down 1% (3 Month Lows)
Miners Down; & Financials Down;
DAX down 2% & CAC down 0.8%
NIKKEI: down 0.5% – Below 7900
Recession Confirmed;
Hang Seng up 3.8%
Oil: down 4.7% – Below $40 ($38)
Demand Slump;
Profit Taking; Down 14% YTD
Gold: down 0.6% ($995)
Commodities Down;
USD Lower
SPI: Critical Levels 3420 & 3220
SPI down 78;
Headed for November Lows
ASX News
- RIO Chinalco open to review terms of $30bn bid
- RIO to allow investors in on $10bn 7yr bonds
- MAP stopped $1bn buy-back
- FXJ 1H09 loss $365m(1-off $523m);EPS -12%;cuts divy
- VBA 1H09 loss $101m (hedge losses); Rev up 12%;
- BSL 1H09 eps up 57%; 85% from 1Q09; cuts divy
- FMG – $500m capital raising
- Results 1H: SHL,AWE,SUN, MMG,BBW; YoY:ALL,OSH,SPN
- Look to Golds for support
- ASX to open sharply lower US 12 year lows
Further information:
http://business.smh.com.au/business/chinalco-may-bend-on-rio-20090223-8ftz.html
