Wednesday, March 6, 2013

Dow Climbs to Record Levels as Sentiment Improves, RBA Rate Hold Lifts Australian Dollar

Wall Street latest update, Dow climbs to record levels, Sentiment improves as investors bet on further easing measures to boost economy while China maintains growth target for this year, Dow hits intraday record as US stocks rally, The chief US stock indicator is on course to beat previous closing high of October 2007
Latest update from Italian debt markets, Phoney peace for Italian debt markets, The ECB has removed the 'tail risk' of a eurozone blow-up but politicians must act soon, for without reforms there will be a sell off

Aussie's RBA rate hold lifts Australian dollar, Reserve bank governor Glenn Stevens says downside risks to global growth have lessened and financial strains in Europe 'considerably reduced'

From China housing industry, China Vanke to issue its first dollar bond, Investor roadshow coincides with a sharp sell-off in Chinese developer stocks amid growing concern about the outlook for the Chinese housing market

Meanwhile, IEA adjusts measure of China's oil demand, Oil watchdog's new methodology reflects changes in product inventories following an increase in Beijing's refining and storage capacity

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