Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
FTSE: down 3.2% (Biggest Fall Since March)
Banks to Suffer From Dubai US$60bn Debt Standstill;
CAC down 3.4%
DAX: down 3.3%
Dubai Default Triggers Writedown Concerns;
Autos Weigh;
Dollar Index: Hovers Around Support
US$ Recovers;
A$ lower 91.26
CHINA: down 3.6% – Volatility
Buffet-backed BYD Profit up 200%, Sales Double;
Hang Seng down 1.8%;
Oil: down 2.2% ($76)
Trouble in Dubai;
US Inventories Up to 4 Week High
Gold: up 0.5% ($1192) India to Buy More
Commodities Lower;
Dollar Recovers
SPI Futures down 41 (0.9%)
Yet to Crack Oct. Highs
ASX News
BHP Recession is NOT over; China at times only demand
TCL looking for sweeter deal (Canadian Pension Fund)
IGR Integra Mining t/o rumours
Iron Ore stocks
Possible takeover targets (source AFR):
CEU; BXB; CEY; AOE;
BEC; FGL; AMP; RIC;
HSP; OZL; WOR
Materials, Banks & Energy stocks to weigh
ASX to open lower
US & UK US gives Thanks Black Friday; UK selloff
Tags: ASX News, Dow, stockmarket, trading
