Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: down 0.5% (at 11 Month Highs)
July Home Sales Up (most in 4 years) ;
IT/Energy Weigh
NASDAQ: down 0.3%
Backs of Year Highs;
Consumer Confidence Surprise Fall
FTSE: flat (at 10 Month Highs)
UK: 2Q Shrinks 0.6% (beats); GDP shrank 5.5% pa;
DAX down 0.4% & CAC down 0.3%
NIKKEI: up 0.9%
JPY: Yen 8 Month High;
Hang Seng up 2.1%
CHINA: down 0.3%
Down on Brokerages & Airlines;
4 Week Lows; Weeklong Holiday;
Oil: Flat ($66)
Holds
Gold: flat ($992) (Off Recent Highs)
Commodities Higher;
USD Higher
SPI: Critical Level(s): 4450 to 4750
SPI down 12 (-0.3%)
Near 12 Month Highs
ASX News
End-of-Quarter
Banks – $6bn to spend
LYC rejects China investment
BLY top traded by volume
Materials & Energy stocks to hold
Banks to hold
ASX to open lower
US & UK lower
Tags: ASX News, Business News, Dow, stockmarket, trading
