Presented by Michael Hevern
MDS Financial
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General Advice Only
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In this morning s wrap
DOW: down 1.9% – Resistance!
Autos Trigger Sell-off; Restructure or Else!
US Banks Need More Bailout
NASDAQ: down 2.8%
Uptrend Broken;
FTSE: down 3.5% – Resistance!
Miners and Financials Weigh;
DAX down 1.4% & CAC down 4.3%
NIKKEI: down 4.5%- Most in 2 Months
Fears of Corporate Failures
Hang Seng down 4.7%
Oil: down 7.1% – At $48
US Weakening Demand
Gold: down 0.9% ($915) Big Picture
Commodities Lower;
USD Higher
SPI: Critical Levels: 3540 & 3440
SPI down 57 (-1.6%);
ASX200 Expect Pullback
ASX News
* OZL Minmetals revises bid Ex Prominent Hill; $1.1bn Debt to re-finance
* Big miners to weigh
* Energy, Gold & Materials to weigh
* Financials to see continued profit taking ASX to open lower US lower; G20
Tags: ASX News, Business News, economy, finance news, gold price, Rio Tinto, stockmarket, trading
