Today’s Headlines

• ASX 200 finishes down 44 at 5695 on missile launch.
• High 5727 Low 5686.
• Up 23 points for the week.
• Banks sag as money laundering claims resume.
• REITs and insurers hold on bond prices.
• Miners give back gains 1% down for week
• Nev Power to leave FMG.
• Telcos slip again. Industrials sag.
• AUD steady at 79.92c.
• US Futures down 3.
• Asian markets stronger: China CSI up 0.22% and Nikkei up 0.48%.

STOCK STUFF

Movers and Shakers

• WGX +3.97% gold stocks rebound on Korean missile threat.
• LYC +5.13% good rebound after profit taking.
• AHG +2.62% technical trading.
• WES -0.62% slips on commodity exposure.
• QAN -1.19% Joyce joins the $25m salary club, first since GFC.
• DMP +4.72% technical buying and short squeeze.
• MYR -4.11% broker downgrade.
• BWX -1.17% profit taking.
• RHC -2.55% sell off continues. French woes?
• JHX -5.13% support fails and large overseas sellers.
• AXP +5.19% on Consonance Capital moving to a 5.18% holding.
• AGL -1.70% on the nose in Liddell fight.
• TAH +2.34% merger time line ticking closer.
• SXL +1.51% media reforms.
• MEA +7.81% last tranche of escrow shares 30^th
• Speculative stocks of the day: Byron Energy (BYE) +17.65% insiders tip – announced key executives sign for another three years.
• Biggest risers – LYC, WGX, BLY, DMP, BAL, NCK and AHG
• Biggest fallers – JHX, OZL, WHC, TOX, IGP and PRY.

TODAY

• CSL (CSL) -0.22% Behring Announces FDA Approval of Privigen(R) for the Treatment of Chronic Inflammatory Demyelinating Polyneuropathy (CIDP) in Adults.
• Macquarie Atlas (MQA) -0.12% Successfully completes Institutional Leg of Capital Raising.
• Australian Foundation Investment (AFI) -0.86% announces the retirement of its CEO, Ross Barker. Replaced by Mark Freeman. Applies to DJW, MIR and AHM.
• Fortescue Metals (FMG) -4.48% CEO Nev Power is resigning and leaving in February 2018.
• TEN Network (TEN) –Murdoch/Gordon lob a fresh bid. Keep ASX listing.

ECONOMIC NEWS

• Nothing today

BOND MARKET UPDATE

ASIAN NEWS

• Crude steel output climbed to 74.59 million tonnes last month, surpassing the previous peak of 74.02 million in July, and up from 68.57 million in August 2016.
• China has notified regional regulators that it aims to stop exchange trading of cryptocurrencies by the end of September. The cryptocurrency ban will only apply to trading on exchanges.

EUROPE AND US MORNING HEADLINES

• Alphabet (Google) is considering investing in Lyft Investment of about US$1bn. Doesn’t seem that happy with its relationship and investment in Uber.
• US Empire manufacturing index September.US Retail sales August.US Industrial production August.
• James Murdoch has warned the Government that 21st Century Fox’s £11.7bn takeover of Sky is a test of Britain’s claims that it will remain open for business after Brexit.
• All eyes on the rising pound following BoE comments yesterday.
• Cassini to make a big splash on Saturn. Vale.
• Go Swans!

And finally………..

On their way to get married, a young Catholic couple is involved in a fatal car accident. The couple found themselves sitting outside the Pearly Gates waiting for St. Peter to allow them into Heaven. While waiting, they began to wonder: Could they possibly get married in Heaven? When St. Peter showed up, they asked him.

St. Peter said, “I don’t know. This is the first time anyone has asked. Let me go find out,” and he left.

The couple sat and waited, and waited. Two months passed and the couple were still waiting. While waiting, they began to wonder what would happen if it didn’t work out; could you get a divorce in heaven?

After yet another month, St. Peter finally returned, looking somewhat bedraggled. “Yes,” he informed the couple, “You can get married in Heaven.”

“Great!” said the couple, “But we were just wondering, what if things don’t work out? Could we also get a divorce in Heaven?”

St. Peter, red-faced with anger, slammed his clipboard onto the ground. “What’s wrong?” asked the frightened couple. “OH, COME ON!,” St. Peter shouted, “It took me three months to find a priest up here! Do you have any idea how long it’ll take me to find a lawyer?”

 

Look away Children……….

“You’ll be fine,” the doctor said after finishing the young woman’s surgery.

“But, she asked, “How long will it be before I am able to have a normal sex  life again doctor?”

The surgeon paused as he hid a smirk.  

The girl was alarmed.  “What’s the matter doctor? I will be all right, won’t I?”

He replied, “Yes, you’ll be fine. It’s just that no one has ever asked me that after having their tonsils out.”

 

Clarence 

XXXX