LPI 0.00% 56.5¢ lithium power international limited

LPI - about to boom, page-3

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    Markets get firepower from the Fed


    The local sharemarket looks set to open with a bang, mirroring a rally on Wall Street after the US Federal Reserve kept interest rates unchanged. The central bank decision triggered the biggest gains in global equities since June. At about 6.30am Sydney time, ASX futures were up 31 points after being flat ahead of the Fed decision. The Australian dollar has risen solidly through the US76¢ mark. In New York trading, Rio Tinto surged 3.7 per cent and BHP Billiton added 3.6 per cent as oil and gold prices rallied.

    ASX: The ASX 200 looks set to open 0.6 per cent higher at 5376, SPI futures indicate. Expect energy and mining stocks to outperform.

    Wall Street: The S&P 500 tells a positive story, with the index closing up 1.1 per cent. 94 per cent of stocks rose with energy, utilities and materials working well. Volumes were 13 per cent above the 30-day average.

    Energy: Oil prices rose up as much as 3 per cent after a third surprise weekly drop in US crude stockpiles helped assuage fears over a global oil glut. Brent crude futures settled up 95 cents, or 2 per cent, at $US46.83 per barrel. The US Energy Information Administration (EIA) said crude inventories fell 6.2 million barrels last week, versus a 3.4 million-barrel build forecast in a Reuters poll.

    Strap yourself in guys - hopefully LPI will also experience increased volume! IMO make any buyer pay a premium entry price!
 
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