shares on Wall Street were able to hang on to early gains. Local traders will be hoping that yesterday’s glimpses of green on screen are able to translate into a broader uptrend, pulling the Australian sharemarket out of its losing streak.
Markets
Wall Street closed up yesterday: The Dow Jones Industrial Average gained 0.7 per cent to close at 16,516, the S&P 500 added 0.8 per cent to close at 1,939 and the NASDAQ gained 1.0 per cent to close at 4,686.
European markets closed up: London’s FTSE gained 1.0 per cent, Paris gained 1.5 per cent and Frankfurt gained 1.6 per cent.
Asian markets closed mixed: Tokyo’s Nikkei lost 2.7 per cent, Hong Kong’s Hang Seng lost 0.9 per cent, and China’s Shanghai Composite gained 0.2 per cent.
The Australian share market closed lower yesterday: The S&P/ASX 200 Index closed 7 points down to finish at 4,925.
On the futures market the SPI is 29 points up.
A good day for Bulls to re enter .
RNT Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
