Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: down 0.3%
Commodities Weigh;
CAT 2Q Profits Beat Forecasts
NASDAQ: down 0.4%
Microsoft by 12% Stake of Yahoo Search;
FTSE: down 1.3%
Miners & Energy Weigh;
DAX up 1.8% & CAC up 1.1%
NIKKEI: up 0.3%
China s Banks to Hit Breaks;China PPI Tonight
Hang Seng down 2.4%
CHINA: down 4.5%
Oil: down 6.8% ($63)
Profit Taking; CFTC Reform;Demand Falling (BP)
Gold: down 0.8% ($927) Two Week Lows
Commodities Lower;
USD Higher
SPI: Critical Level(s): 3950 to 4150
SPI up 3 (0.1%)
Commodities Down
ASX News
MQG sees rising profits FY10 +19%; $4bn surplus capital
WES Coles turnaround on track
TSE US recession -> $168m impairment charge
GUD profit down 6.9% – still in strong position
Reports: Th: AUN,HWI,AXA(1H),LGL (Q2); F: PBG(1H) ORG(Q4),ERA(1H)
Materials & Energy stocks to see further profit taking
Banks to hold
ASX to open lower
US & UK momentum falling
Tags: ASX News, Business News, Commodities, Crude Oil, economy, stockmarket, trading
