The market is down 17. Resources up 0.8%. Financials down 0.8%. SFE Futures up 54. & #160;Dow up 166. & #160;Up all session and finished near its highs. The big drivers were a drop in the oil price and inflation numbers in line with expectations. Strong resources and financials. CPI (inflation numbers) in line with expectations - but inflation concerns remain. Officials from the G8 Meeting underlined the threat of high oil and food prices and global inflation on world growth, eclipsing the credit crisis but did not state their support for the US & #36; as some expected (A & #36; up). Lehmans up 14% - to release results tonight. & #160; Goldmans and Morgan Stanley post earnings this week. Yahoo! fell after concluding talks with Microsoft for good. May Housing starts fell to 980,000 - domestic real-estate market remains the greatest threat to growth. Banks repossessed twice as many homes in May and foreclosure filings rose 48% from a year ago.Both BHP and RIO up in ADR form on Friday, 3.86% and 3.96% respectively. BHP up 67c to 4371c. RIO up 138c to 135.98c.Metals mixed on Friday - Copper 1.8%, Zinc up 1.6% and Nickel down 2.1%. Aluminium down 0.2%. Zinifex down 18c to 871c.Oil price down & #36;2.07 or 1.5% to & #36;134.84 - According to the Middle East Economic Survey, Saudi Arabia is considering increasing its oil production to 10 million barrels a day from 9.45 million. Woodside down 232c to 6068c.Gold up & #36;1.10 to & #36;873.10. ...
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