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Overnight Market News – September 2, 2009

 
  • Wells Fargo & Co Plans to Repay US Government USD 25B in Bailout Funds Shortly, Without Additional Stock Offering
  • BP Plc Announces “Giant” Oil Find in Gulf of Mexico, Details on Size and Commerciality of the Discovery are Still Undetermined
  • General Motors Corp’s Reports its China Vehicle Sales in August Jumped 112.7% to 152,365 Units Year-Over-Year, Paves Way for More Than 40% Increase for Full Year
  • European Consumer Spending Rises for First Time in Over a Year by 0.2% in Q02 2009 from Prior Quarter, Exports Fall 1.1% from 8.8% Drop in Q01 2009
  • Australia Economy Grows More-Than-Expected In Second Quarter Expanding 0.6% from Previous Quarter on Increases in Business Investment and Household Consumption
  • US Media Market Loses More Than USD 10B in Advertising Revenue for First Half of Year as Companies Cut Spending
  • Crude Oil Stands at USD 68.75 per Barrel
  • Ethanol Stands at USD 1.65 per Gallon
  • Natural Gas Stands at USD 2.86 per British Thermal Unit (Btu)
  • Gold Stands at USD 957.60 per Troy Ounce
  • Dow Jones Industrial Average Falls 185.68 Points (-1.96%)
  • London FTSE Index Falls 6.44 Points (-0.13%)
  • Japan Nikkei Index Falls 249.60 Points (-2.37%%)
  • Hong Kong Hang Seng Index Falls 350.30 Points (-1.76%)
  • Brazil Bovespa Index Falls 674.02Points (-1.19%)
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