Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: down 1.5%
Deteriorating US Government Creditworthiness
NASDAQ: down 0.4%
Testing Support
FTSE: down 0.3%
S&P Downgrades UK Debt; Banks Weigh;
DAX down 2.7% & CAC down 2.4%
NIKKEI: up 0.6 %
Swine Flu Weighs on Retailers; BoJ May Raise Assessments (Jul 06)
Hang Seng down 1.6%;
Oil: down 1.5% ($61)
Profit Taking
US Inventories Down
Gold: up 1.7% ($943) Risk Aversion
Commodities Lower;
USD Lower (4 month Lows)
SPI down 57 (1.5%)
SPI: Critical Level(s): 3800 to 3600
Swing Low
ASX News
CWN Q/Q $46m Loss; Rev slump 55% (Macau)
RIO months before Aus. Regulators decide
STO gets bids on gas projects off Darwin
MAP April traffic up; 2009 outlook grim
MQG revises remuneration scheme (Budget)
Golds to support
Materials, Financials and Energy to weigh
ASX to open down; US suffers
Tags: ASX News, Business News, Chinalco, Commodities, Rio Tinto, stock market, stockmarket, technical analysis, trading
