Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: down 1.1% – Below 10,000
Fall Led by Banks but Broadbased;
Materials Stocks Down on Commodities
Dollar Index: Finds Support
US$ Bounces Off 14 Month Lows;
A$ Down to 91.58
FTSE: down 1% (Off 13 Month High)
Concerns Share Prices Outpacing Earnings;
DAX & CAC down 1.7%; Consumer Confid. Falls
CHINA: flat
China: Sept Copper Imports Up 29%;
Steel Stockpiling Concerns;Hang Seng up 1.7%;
Oil: down 2.3% ($79)
Oil Follows Markets Down
Gold: down 1.5% ($1039)
Commodities Lower;
Dollar Up
SPI Futures down 40 points (-0.8%)
Push Towards 5000 Losing Steam
ASX News
CSR – $375m capital raising ahead of demerger
Banks Annual results: NAB Wed.; ANZ Thu.
Materials, Energy & Bank stocks to see profit taking
ASX to open lower
US & UK Losing momentum on earnings concerns
