Stocks Rallied world wide on company growth and and economic events. All stocks in Asia rose led by mining companies and resource stocks. Newcrest Mining, Australia's largest gold digger closed at all time high, thanks to the new record price of gold of $1280 per ounce. This wouldn't be surprising given the september effect-that gold price rallied most in september (told my mom to buy but she didn't lol). All markets rallied except for the Thai exchange which dropped 0.13% on the up coming rally of Red shirts to mark the 2006 coup anniversary which feared investors, and forced some to pull out of the market.
European stocks rallied on ARM holdings and Oracle that pledged to increase investment in technology which led analysts to upgrade their shares. Crucell NV advanced 56% after Johnson & Johnson announced to buy the Dutch vaccine maker. Also Carrefour rose 5.7% after its CEO announced a plan to invest 1.5 billlion euros into expanding in the Western Europe.
US stock futures climbed 60points or 0.57% after speculation that tonight consumer confidence would rise, and CPI index (Consumer Price Index) would rise 0.3% which is good news for the economy because it would mean that the economy is not contracting as many fear...well that's tonights up-date (17/09/10). Happy Investing
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