Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning’s wrap…
SP500 down 2.3% – cracks below 1200
Goldmans Public Enemy No.1; Financials Lower;
DOW below 11,000;
NASDAQ down 2.0%
Cracks;
Dollar Index: Above 82 Key Level
US$ Higher;
A$ down 91.60
Volatility Spikes!!
Fear On the Rise
FTSE: down 2.6% – lower high
S&P Rate Greek Bonds Junk; Miners & Financials Weigh
DAX down 2.7% & CAC down 3.8%
CHINA: down 2.1%
China: Bank of China 1Q Profit up 41%
Hang Seng down 1.6%;
Oil: down 2% ($82)
Demand Concerns
Gold: up 1.2% ($1167)
Commodities Lower;
Dollar Higher
SPI Futures down 90 (down 1.8%)
Overseas Markets Tank
ASX News
RIO – better t/o target now says HSBC
NEM – #1 US Gold – Boddington grades slightly down(Nov.)
Aus. PPI up 1% in 1Q by most in a year, cost rising/inflation
US Reporting continues this week:
Tue: Dupont;Ford;3M; Broadcomm
Wed: DOW; Corning;Hess;Sprint
Thu:Conoco; Kelloggs;P&G
Fri:Chevron
ASX – to open lower
US & UK/Europe – tanking
Tags: ASX, BHP Billiton, Crude Oil, gold, oil, stockmarket, trading
