Shares tumble, led down by the big banks as Deutsche Bank's growing woes sour the global mood.
Among the losers, the big banks are all down about 1 per cent, while the big miners RIO and BHP also down near 1 per cent. Fortescue has dropped 2.1 per cent
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0
All Ordinaries
5,519.700
-38.500
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ASX SPI 200
5,410.000
-53.000
Gold climbed for the first time in four days and oil held near a one-month high, buoyed by this week’s OPECagreement to cut output.
Crude oil fell 0.3 percent to $47.68 a barrel, after gaining more than 7 percent over the last two days
Sales of new home sales bounced back in August, but only enough to offset a little more than half the previous month's fall.
The Housing Industry Association said sales jumped 6.1 per cent in August after dropping by "a rather hefty 9.7 per cent" in July
Plenty of data came out of Japan. Among the key points
Consumer prices excluding fresh food, the Bank of Japan’s primary gauge of inflation, dropped 0.5 percent in August from a year earlier (forecast -0.4 percent).
Industrial output rose 1.5 percent in August from July (forecast +0.5 percent).
Household spending fell 4.6 percent from a year earlier (forecast -2.1 percent).
The unemployment rate stood at 3.1 percent (forecast 3 percent).
DOW FUTURES : -52
Trading
Been a very quiet morning session so far, KSN the only one providing a decent trade
