Good morning, Tomorrow late morning, am meant to be flying to Sydney for 24 hours for a few meetings. Now, with what’s happening over there, I may not be going anywhere…… Bondi beach has lost its sand… The Manly dam is over flooding and transportation has come to a complete halt… Ok Sydney… please stop raining, so I can see you… So how did we go last night? The Dow Jones Industrial Average fell as DuPont and Travelers slumped after reporting results, while a takeover offer for Mylan pushed the Nasdaq Composite Index higher. The rising USD is a real problem and there are reports that combined with the falling oil price it will reduce GDP by nearly 1.0%...... What's on today? Australia consumer prices (important)....... this will shape the "RBA" barometer for next month's meeting... will the RBA cut rates? Commodities were mixed with Crude oil down 2.19% to $56.61/oz. Gold up $8.10/oz. to $1,201 and the AUD/USD trading around $0.77 The SPI is pointing to 27 points lower this morning.


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