Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
SP500: down 1.2% (Grinding)
Oops! Broad Selloff
Companies Are Hoarding Cash (Intel/M soft)
Dollar Index: Surges
US$ Surge Sinks Commodities
A$ lower 88.89c
FTSE: down 1.9%
S&P Downgrades Greece Again;UK: Financials/Material Stocks Fall
DAX down 1% & CAC down 1.2%
CHINA: down 2.4% – Volatility Continues
China: Concerns Over Maintaining 8% Growth & Asset Bubble ;
Hang Seng down 1.2%;
Oil: flat ($72)
Up on Inflation Concerns;
North Korea Push Uranium on The Table
Gold: down 3.4% ($1096) Ouch!
Commodities Lower;
Dollar Higher
SPI Futures down 32 or -0.7%
Set to Breakdown;
ASX News
WBC Hunts Wealth Mgt CGF/COU/PPT
NAB – $4.6bn bid for AXA Gazumps ANZ consortium
This Week:
Fri: AGMs: BBP; ANZ; ELD
Materials, Banks & Energy all to weigh
ASX to open lower
US & UK fail to break out!
Tags: ASX News, BHP, Commodities, stockmarket, trading
