Singapore Investors

Singapore Investors:

This report is distributed in Singapore by Commonwealth Bank of Australia, Singapore Branch (company number F03137W) and is made available only for persons who are Accredited Investors as defined in the Singapore Securities and Futures Act and the Financial Advisers Act. It has not been prepared for, and must not be distributed to or replicated in any form, to anyone who is not an Accredited Investor.

28 August 2008 - AEST 8.30am - USD ended European and US sessions only modestly firmer from the Asian close - Euro eased from levels around US$1.4775 in European trade to around US$1.4670 ending US trade near US$1.4730 - AUD fell from highs of US86.35c to US85.35c ending US trade near US85.85c - JPY weakened from 108.70 yen per US dollar to JPY109.90 ending at JPY109.50 - US share markets posted solid gains on Wednesday investors comforted by solid business spending data - The Dow Jones index rose by almost 90pts or 0.8pct - The Nasdaq lifted by 20pts or 0.9pct - Trading in Fannie Mae was halted and an announcement was made - US 10yr yields eased 1pt to 3.77pct while US 2yr yields fell by 4pts to 2.29pct - The September Nymex crude oil quote rose by US$1.88 or 1.6pct to US$118.15 - London Brent rose by US$1.59 to US$116.22 a barrel - base metal prices posted solid gains on the London Metal Exchange on Wednesday - The price of gold was also higher on Wednesday benefiting from a renewed investor push into commodities.

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