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%
US: Falls on Weak Data;Bank Risk Regulation
Qualcom Disappoints;
Dollar Index: New Highs
US$ Higher;
A$ flat 89.48
FTSE: down 1.4% – Breaks Support
UK: Looking For Support;
DAX down 1.8% & CAC down 1.9%
CHINA: up 0.3% – Volatility Continues
China: Looking for Support!
Hang Seng up 1.6%;
Oil: up 0.3% ($74)
Concerns Over Demand;
US Inventories Up;
Gold: up 0.2% ($1086)
Commodities Lower;
Dollar Higher
SPI Futures up 16 or 0.3%
Access Economics Upbeat on 2010;
Inflation 2.1% at Lower Range
ASX News
BHP – $1.9bn WA Pilbara Expansion (240mt in 2013)
NCM 2Q Prod n up 17%
OSH f cast 10% drop in 2010 oil prod n
CSR in court for demerger
ALS 1H10 profit -23%;Rev -14%; Debt 20% (vs 37%)
Expect Weakness across the board
ASX will open lower
US & UK breaking support (volumes rising)
