daytrade diaries... september 8, page-14

Good morning,

Wall Street was closed on Monday for the Labor Day public holiday.

LONDON - European stocks closed higher on Monday, extending gains after a massive takeover bid by Kraft Foods for British rival Cadbury signalled a further return to normality in the markets.

In London, the FTSE 100 index of leading shares jumping 1.68 per cent, or 81.48 points, to 4933.18 points.

FRANKFURT - The DAX added 79.08 points, or 1.47 per cent, to settle at 5463.51.

PARIS - The CAC 40 index rose 54.07 points, or 1.5 per cent, to close at 3652.83.

Crude oil prices remained close to US$68 a barrel in after-hours futures trade on Monday.

The Australian share market is expected to open the day higher after gains on European and Asian markets.

At 0651 AEST on the Sydney Futures Exchange, the September share price index contract was 18 points higher at 4485.

In economic news on Monday, the National Australia Bank (NAB) monthly business survey for August will be released.
The Telecoms World Australia 2009 conference resumes on its second day in Sydney.

Gold down 10c to US$996.60 an ounce
Silver down .50c to US$16.285 an ounce
Copper up .015c at US$2.8665 a pound

http://www.marketwatch.com/
http://www.thebull.com.au/
http://www.news.com.au/business/

Did you know?

International exposure - Large cap companies tend to do business globally. This provides geographic diversification for their operations and earnings. They are able to capitalize by moving operations to low-cost countries, and tapping world-wide pools of talent. They are not as dependent on slumps in their home economies.