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Overnight Market News – September 8, 2009

 
  • World Economic Forum Names Switzerland as the World’s Most Competitive Economy, Displacing US Following Weakening of its Financial Markets and Rising Budget Deficits
  • OPEC Likely to Leave Output Unchanged at Wednesday’s Meeting as Current Oil Prices Deemed Favourable
  • UK’s Finance Minister to Curb Government Spending when Economy Recovers, But Vows to Protect Frontline Services
  • China’s Passenger Car Sales Surge 90.18% to 858.3k in August from a Year Ago on Government Stimulus Measures
  • German Industrial Orders Rise 3.5% in July from June, Trumping Economists’ Expectations by 1.5%
  • Australian Business Confidence Jumps 8 Points to 18 Points in August from July, Highest Level in Almost Six Years
  • Crude Oil Stands at USD 68.02 per Barrel
  • Ethanol Stands at USD 1.64 per Gallon
  • Natural Gas Stands at USD 2.73 per British Thermal Unit (Btu)
  • Gold Stands at USD 994.90 per Troy Ounce

All US Markets Closed Yesterday (Labor Day)

  • London FTSE Index Rises 31.74 Points (0.64%)
  • Japan Nikkei Index Nikkei Index Rises 72.29 Points (0.7%)
  • Hong Kong Hang Seng Index Hang Seng Index Rises 440.5 Points (2.14%)
  • Brazil Bovespa Index Rises 945.11 Points (1.7%)
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