daytrades march 3 pre-market, page-12

Good morning,

US Stocks ended slightly higher Tuesday, but gave up earlier gains, following February auto sales, some upbeat company news and amid bets that Greece won't default on its debt.

The Dow Jones industrial average (INDU) gained 2 points or 0.02%, according to early tallies. The S&P 500 index (SPX) added 2 points, or 0.2%, and the Nasdaq composite (COMP) was up 7 points, or 0.3%.

Stocks had been modestly higher throughout the session, but lost some steam in the afternoon.

Analyst said "Stocks are benefiting from a little bit of buying in the month-end, new-month period. The challenges to the economic recovery are well-known, but the question is whether they have been fully discounted by the market,"

In London, the banks recovered after losses on Monday led by global banking giant HSBC after its disappointing 2009 results.

The main FTSE 100 index closed up 78.12 points, or 1.45 per cent, at 5,484.06 points.

FRANKFURT - Germany's DAX rose 63.05 points, or 1.1 per cent, to 5,776.56 points.

PARIS - The CAC 40 index gained 42.38 points, or 1.12 per cent, to 3,811.92 points.

Oil prices rose above $US80 a barrel again on Tuesday, climbing at a time of the year when crude and petrol prices typically move higher.

During trade benchmark crude for April delivery went as high as $US80.10 a barrel, before falling to settle of $US79.68 a barrel, up 98 cents on the previous day.
The Australian share market is expected to open higher on Wednesday with Wall Street boosted by corporate takeover activity.

At 0700 AEDT on the Sydney Futures Exchange, the March share price index contract was 27 points higher at 4,730.
In economic news on Wednesday, the Australian Bureau of Statistics releases national accounts for the December quarter.

GOLD up $19.10 to US$1,137.40 an ounce
SILVER up 59.5c to US$ 17.064 an ounce
COPPER up 6.15c at US$3.4115 a pound

Today's Financial Calendar
March 03 2010

Australia GDP, Q4
UK consumer confidence, Feb
UK PMI services index, Feb
EU retail sales, Jan
US ADP private sector employment, Feb
US Fed Beige Book
US ISM services index, Feb
Australia AiG performance of services index, Feb
EU PMI services index, Feb
(CIX) - Ex-Div. 1c
(CYG) - Ex-Div. 6c
(GFF) - Ex-Div. 5.25c
(IAG) - Ex-Div. 8.5c
(IFL) - Ex-Div. 17c
(IFM) - Ex-Div. 1.2c
(IMF) - Ex-Div. 5c
(MRM) - Ex-Div. 3c
(NCK) - Ex-Div. 4.5c
(NWS) - Ex div. 7.5c
(QML) - Ex-Div. 0.25c
(SHL) - Ex-Div. 24c
(SNL) - Ex div. 1.0c
(WFL) - Ex-Div. 2c

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

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