Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: up 1.0% (-1.1% for Week)
Unemployment 9.7% Better than Expected;
Energy/Finance Weigh
NASDAQ: up 1.8% (flat for Week)
Labour Day Holiday Tonight
FTSE: up 1.1% (down 1.4% for Week)
G-20 Back Stimulus
DAX up 1.6% & CAC up 1.3%
NIKKEI: down 0.2% (down 3% for Week)
JPY: G-20 Talks on Bank Bonuses/Capital Adequacy
Hang Seng up 2.8% (up 1.1% for Week);
CHINA: up 0.6% (flat for Week)
China Top 500 Beat US Top 500;
Volatility Increasing; Well Off Lows
Oil: down 0.3% ($68) (down 6.7% for Week)
Mid Range
Gold: up 0.2% ($994) (up 4% for Week)
Commodities Mixed;
USD Flat
SPI: Critical Level(s): 4250 to 4550
SPI up 38 (+0.9%) ( down 0.6% for Week)
Capital Raisings & M&A
ASX News
CGF Packer sells $396m (@ $3.25) [raises $900m in 10 days]
WOW goes XDIV 56 cents
This week:
ANZ jobs survey data (today)
Housing Industry Construction Index (today)
Retail Trade July (Wed)
Myer IPO possible
Materials & Energy stocks to trade flat
Banks to hold
ASX to open positive – expect low volumes
US & UK positive – US Labour Day Holiday tonight



