US stocks gain as jobless claim substantiates recovery
US stocks rose as the average number of jobless claims fell to a one-year low and the trade deficit unexpectedly shrank as a weaker dollar boosted exports.
Oracle gained 3 per cent after Goldman Sachs Group increased earnings estimates. Coca-Cola climbed to a 19-month high as Costco Wholesale Corp. said it will resume stocking its products. Walt Disney Co. reached the highest level since September 2008 after Sanford C. Bernstein increased its share buyback estimate for fiscal 2010.
Australian markets are poised for gains. In recent trading, the SPI 200 futures index was up 34 points to 4648 points. Yesterday, the benchmark S&P/ASX200 index ended down 31.2 points, or 0.7 per cent, at 4606.7 points, while the broader All Ordinaries index fell 29.7 points, or 0.6 per cent, to 4622.9 points. The Australian dollar was holding on to yesterday's gains. It was recently buying 0.9270 USD & 80.80 yen.
Blogger @ MoneyTrading.com.au
Oracle gained 3 per cent after Goldman Sachs Group increased earnings estimates. Coca-Cola climbed to a 19-month high as Costco Wholesale Corp. said it will resume stocking its products. Walt Disney Co. reached the highest level since September 2008 after Sanford C. Bernstein increased its share buyback estimate for fiscal 2010.
Australian markets are poised for gains. In recent trading, the SPI 200 futures index was up 34 points to 4648 points. Yesterday, the benchmark S&P/ASX200 index ended down 31.2 points, or 0.7 per cent, at 4606.7 points, while the broader All Ordinaries index fell 29.7 points, or 0.6 per cent, to 4622.9 points. The Australian dollar was holding on to yesterday's gains. It was recently buying 0.9270 USD & 80.80 yen.
Blogger @ MoneyTrading.com.au
posted by Money Trading at
9:22 AM
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