Traders Corner
- US stocks rose, sending the S&P500 to its biggest three-day rally since January, on better-than-estimated economic data and assurances on stimulus efforts from Fed officials.
- Japanese stocks rose, as industrial production beat estimates and consumer prices halted a six-month slide. Shares also climbed as stronger U.S. data cheered investors and weakened the yen.
- Hong Kong stocks rose, as US data boosted the outlook for the world’s largest economy and amid assurances the Fed won’t soon end stimulus efforts. Chinese property developers climbed.
- Gold down $20 and the rand 5 cents stronger from the local close.
- Major economic data:
-14:00: Trade balance - SA
-15:55: U. of Michigan confidence - US
- LDT today:ACP,AIP,BCK,TFG,ILV,IVT,IVTP,LBHP,MIXNPK,NEP,PFG,SYC,TAS
- Local market should open higher +0.2%,after world markets rose again.