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Overnight Market News – March 5, 2010

 
  • Today’s US Labor Department Report Likely to Show that the Unemployment Rate Rose to 9.8% in February as Heavy Snowstorms Hit the Jobs Market
  • China Targets 8% Economic Growth in 2010, But Warns it Will Slow the Number of New Investment Projects This Year
  • Government of Singapore Investment Corp Converts CHF 11B (USD 10.2B) of Notes into UBS AG Stock, Becoming the Bank’s Biggest Shareholder with a 6.6% Stake
  • MetLife Nears USD 15B Agreement to Acquire American International Group Inc’s American Life Insurance Co (ALICO) Business
  • WPP Plc, the World’s Biggest Advertising Company Posts Flat 2009 Earnings of GBP 437.7mm (USD 657.9mm) on Job Cut Costs
  • UK Supermarket Giant, J Sainsbury Plc Announces Plans to Expand into Non-Food Products Including Electronics, Entertainment and Sports Equipment
  • Crude Oil Stands at USD 80.65 per Barrel
  • Ethanol Stands at USD 1.60 per Gallon
  • Natural Gas Stands at USD 4.57 per British Thermal Unit (Btu)
  • Gold Stands at USD 1,132.60 per Troy Ounce
  • Dow Jones Industrial Average Rises 47.38 Points (0.46%)
  • London FTSE Index Rises 18.00 Points (0.33%)
  • Japan Nikkei Index Rises 223.24 Points (2.2%)
  • Hong Kong Hang Seng Index Rises 212.19 Points (1.03%)
  • Brazil Bovespa Index Rises 173.73 Points (0.26%)
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