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GLOBAL MARKETS
Raymond Teo (July 31st, 2009) Writes:
GLOBAL MARKETS-Stocks, crude surge as profits, data spur rally
Wall Street rallies on solid profits, recovery hopes
Oil jumps as economic data raises economic recovery hope
* Dollar slips as risk sentiment improves
By Herbert Lash
NEW YORK, July 30 - Global stocks rallied and oil surged more than 5 percent on Thursday as solid corporate results worldwide and encouraging economic data boosted sentiment that had turned skittish earlier in the week.
Commodity prices jumped, with the Reuters-Jefferies CRB index <.CRB> of 19 commodities rising 3.9 percent, its biggest daily gain since March, after a two-day sell-off.
And Long-dated U.S. Treasury bonds rebounded as fears about the appetite for U.S. government debt eased after robust demand for $28 billion in new seven-year notes. ID:[nN30286312]
U.S. equity gains were broad-based, with the Standard & Poor’s 500 Index <.SPX> hitting an almost nine-month intraday high that was less than 4 points below the key 1,000 mark. The S&P closed up
...Analyst, Asia Pacific, Atul Prakash, Australia, BNP Paribas Commodity Futures Inc., Brent, Britain, BT Group;, chief market strategist, China, Chris Reese, Connecticut, CRB, Cummins Inc, Dow 30, Ellis Mnyandu;, FTSEurofirst 300, Harpreet Bhal, Herbert Lash;, Honda Motor, Japan, Jefferies, Kirsten Donovan, Leslie Adler;, London, Market Commentary, Matthew Robinson, Michael Sheldon, Motorola Inc., MSCI World, Nasdaq Composite, New York, Nikkei 225, Nissan Motor, Oil, Oil jumps, Parker Hannifin Corp.;, Raymond Teo, RDM Financial, Rebekah Curtis, S&P, shanghai, Singapore, Spx, Standard & Poor, Tokyo, Tom Bentz;, Tyco International Ltd, U S Treasury, U.S. government;, United States, USD, wall street, Wanfeng Zhou, Westport;
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