Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: down 2.6%
Unemployment 9.5% (26 Year Highs)
Reporting Starts Next Week;
NASDAQ: down 2.6%
Profit Taking
FTSE: down 2.5%
Miners & Energy Weigh;
DAX down 3.8% & CAC down 3.1%
NIKKEI: down 0.6%
Japan: Seven and I (#1 Retailer) Profit down 28%; Sales -11%
Hang Seng down 1.1%
Oil: Down 3.7% ($68)
US Inventories Up; 5 Week Lows
Possible Double Top Setup
Gold: down 1.4% ($930)
Commodities Lower;
USD Higher
SPI down 82 (2.1%)
SPI: Critical Level(s): 3850 to 4050
ASX News
QAN headwinds Tiger (domestic SYD to MELB) & Delta (SYD to LA)
BOQ sells $750m gov t guaranteed bonds (3 times oversubscribed)
WBC scraps shareholder benefits package
Materials & Energy stocks to weigh
Banks to weigh
ASX to open lower
US & UK poor employment data; light volumes
Tags: ASX News, BHP, Business News, Crude Oil, Dow, shares, stockmarket, technical analysis
