CONCERNS OVER THE PARTIAL U-S GOVERNMENT SHUT-DOWN WEIGHED ON THE LOCAL SHARE MARKET TODAY.

THE ASX 200 ENDED DOWN HALF A PER CENT

TAKING A LOOK ACROSS THE REGION...

OVERNIGHT WALL STREET FELL FOR THE SECOND DAY IN A ROW AS ANXIETY OVER THE US GOVERNMENT SHUTDOWN GROWS.

 

THE DOW RETREATED ALMOST ONE PER CENT

COMMODITES xxxx

AND THE DOLLAR JUMPED OVERNIGHT AGAINST THE GREENBACK AS THE SHUTDOWN WEIGHS ON CONFIDENCE IN THE US ECONOMY ... ITS NOW WORTH 94 AND A HALF US

 

SOME MAJOR CHANGES AT THE TOP OF ONE OF AMERCIA'S BIGGEST BANKS.. JP MORGAN... AS IT COMES UNDER INCREASING SCRUTINY

JP MORGAN CHASE CHIEF EXECUTIVE & CHAIRMAN JAMIE DIMON HAS GIVEN UP HIS CHAIRMANSHIP UNDER NEW COMPANY RULES.

MR DIMON HAS BEEN UNDER  SCRUTINY SINCE THE COMPANY  DISCLOSED IT WAS LOSING BILLIONS OF DOLLARS ON  DERIVATIVES IN WHAT HAS BECOME KNOWN AS THE "LONDON WHALE"  TRADES.

JPMORGAN RECENTLY PAID $1 BILLION IN PENALTIES FOR THAT AND ITS STILL IN NEGOTIATIONS WITH OVER 11 BILLION DOLLARS WORTH OF FINES FOR ITS ROLES IN THE 2008 CREDIT CRUNCH.

 

TWITTER HAS REVEALED ITS HIGHLY ANTICIPATED LISTING ON THE US MAREKT.

IT'S SEEKING TO RAISE ONE-ILLION-DOLLARS IN AN INITIAL PUBLIC OFFERING.

ITS EXPECTED TO BE THE MOST SOUGHT-AFTER IPO SINCE FACEBOOK'S IN MAY LAST YEAR.

THE COMPANY GENERATES 65 PER CENT OF ITS REVENUE FROM MOBILE ADVERTISING AND HAS 100 MILLION DAILY ACTIVE USERS.