Tuesday 11th Sept 2012 (Morning)

The major Global Indices were all down last night, however there were no really significant downward swings, with most being down by less than half a percent.

Indices	Current	+/-	%
Dow Jones	13254.29	-52.35	-0.3934
S & P 500	1429.08	-8.84	-0.6148
NASDAQ	3104.02	-32.4	-1.033
FTSE 100	5793.2	-1.6	-0.0276
DAX 30	7213.7	-0.8	-0.0111
CAC 40	3506.05	-13	-0.3694
Milan MIB30	16092.06	-18.21	-0.113
Nikkei	8869.37	-2.28	-0.0257
Hang Seng	19827.17	25.01	0.1263
Hang Seng China Enterprises	9393.6	0	0
Straits Times	3008.72	-2.98	-0.0989
Shanghai Composite	2134.8926	7.1309	0.3351

Spot Gold was down slightly to $1,725.6 (-0.41)

NYMEX WTI Oct 12 was up 0.12 to $96.54

The AUD was buying $1.0335 USD (-.0001)

SPI Futures are pointing down, with 9 points lower, and negative sentiment out of Europe would indicate that the market will trend lower this morning.

There is no major economic news today, but tonight we will be waiting on the US Trade Balance, forecast at -44.2B.

There are 13 companies going ex-dividend today, but this shouldn’t have too much impact on the overall market.

Security	Description	DivAmnt	Last	Yield %	Frk(%)	PayDate
AHE	Automotive Holdings	11	313	3.51%	100	2-Oct-12
APE	A.P. Eagers Limited	7	385	1.82%	100	5-Oct-12
BCI	BC Iron Limited	15	274	5.47%	100	2-Oct-12
CHR	Chalmers Limited	5	305	1.64%	100	1-Oct-12
CMG	Chandler Macleod Ltd	1.6	42	3.81%	100	1-Oct-12
EPW	ERM Power Limited	4.5	185.5	2.43%	100	16-Oct-12
GNG	Gr Engineering Ltd	4	90	4.44%	100	28-Sep-12
GRR	Grange Resources.	1	31.5	3.17%	0	2-Oct-12
HOM	Homeloans Limited	3.5	65	5.38%	100	2-Oct-12
LEI	Leighton Holdings	20	1518	1.32%	0	28-Sep-12
LGD	Legend Corporation	1.1	33.5	3.28%	100	12-Oct-12
PFL	Patties Foods Ltd	4.4	162	2.72%	100	8-Oct-12
WHC	Whitehaven Coal	3	308	0.97%	100	28-Sep-12

We are still seeing the odd cause and effect in markets where bad news is viewed as increasing the likelihood of QE3, and thus good news, whereas positive economic signals are met with disappointment.