Presented by Michael Hevern
MDSFinancial
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In this morning s wrap…
DOW up 3.5%
Madoff Sorry But will be Jailed on $US65bn Fraud
GE Loses AAA Rating
NASDAQ: up 4%
Above Critical Levels; Outperforms Again
FTSE: up 0.5% (off 2003 Lows)
DAX up 1% (VW YTD Sales down 15%)
& CAC up 0.7%
NIKKEI: down 2.4% (down 19% YTD)
Fears on Earnings & Economic Contraction
YEN (2month Lows);
Hang Seng: up 0.6%
Oil: up 11% – At $46
Russian Output Cut
Gold: up 1.8% ($928) Support Holds
Commodities Down
USD down
SPI: Critical Levels: 3420 & 3220
SPI up 58;
ASX News
NAB cuts divy by 25%
Look to Golds & Energy to lead
Financials likely to support
ASX to open higher US pops
Remember it is Friday 13th
