Afternoon traders, hope its been a good morning! Optimism Creeps...

Afternoon traders,
hope its been a good morning!

Optimism Creeps Back!!!
What does that mean for us being a Friday and all? Lets see:



12:35pm: It's either boom or bust on the Chinese sharemarket, and today investors are clearly in rally gear.
The Shanghai Composite Index has climbed 5.2 per cent to 3900.20, as the flurry of government measures to stem an equity rout start to take effect.
Only two stocks on the benchmark gauge are down with about 49 per cent of companies on mainland exchanges still halted from trading on Friday, down slightly from the previous day.



12:06pm: If the latest Greek proposals are accepted by the creditors as a basis for a debt deal, Athens can thank Paris.
France, which - unlike Germany - has been a sympathetic ally to Greece, was the driving force behind the latest Greek bailout proposals,  throwing itself into the task of creating an acceptable package.
While Germany has played the bad cop, standing firm against concessions to Greece and even openly doubting that the country really belonged in the eurozone, France has provided technical assistance in the pulling together of the new reform proposal.
The French assistance appeared to be an effort to make sure the Greek proposal, submitted just before a midnight deadline, would be as thorough and salable as possible to Greece's creditors and would smooth the way for a compromise on a new bailout package to keep Greece afloat financially and inside the euro.
In addition, a flurry of senior French government minister have all pitched in with concerted diplomatic efforts to ensure Greece gets a deal and stays in the eurozone



9:44am: US stocks closed higher after Wall Street found relief in Beijing's efforts to halt a rout in Chinese stocks, which lifted markets around the world.
Shares lost most of their early gains towards the end of the session, however the latest news on Greece came after the market closed. S&P futures trading in Asia have jumped on signs Greece is caving in to most creditor demands.
Shares of Apple bucked the market and logged their first five-day losing streak since January as investors worried that consumers in China might have less money to spend on iPhones.
Wall Street had fallen sharply in the previous session as market turmoil in China, a rout in commodity prices, the Greek debt crisis and a major outage on the New York Stock Exchange spooked investors.
China's securities regulator, in its most drastic step yet to arrest a selloff on Chinese stock markets, banned shareholders with large stakes in listed firms from selling for the next six months.


'Well that's one way to stop a share rout' said Oscar from Hotcopper!
He also said that "even though it has been a turbulant week on the markets,
all is not lost as I will be wetting my whistle and downing a frothy or two
while watching the Navy Blues dismantle the hapless Tigers at the MCG.
How can life get much better than that? Actually, the Tigers arent so hapless,
and we will probably get smashed!"  He then started to look a little glum!

Have a good weekend everyone,

Do Your Best!