Markets ended the session slightly higher $YHOO:xnas

  • US markets ended the session slightly higher after positive Consumer Confidence data helped the market consolidate the previous sessions strong gains. The Index rose to 56.0 to from 40.9, this beat estimates of 44.9 and was the biggest rise since in the Index since 2003
  • Finch has retained their AAA credit rating of the US but have changed their outlook to negative due to the continued failure of the congressional committee to come to an agreement on budget cuts
  • EU ministers passed the latest tranche of funds for Greece and an Italian bond auction overnight passed with strong demand. However the yield required to sell the bonds was above the critical 7.00% mark
  • Yahoo Inc rallied 3.1% on a rumours of a potential take over
  • Airliner AMR filed for bankruptcy protection and jewellery giant Tiffany's fell 6.65% after a poor earnings outlook disappointed
  • Dow Jones 0.28% S&P500 0.22% NASDAQ –0.47%
  • USD was steady against the EUR, the AUD is back above parity
  • Gold made modest gains overnight and spot Crude rallied 1.60%
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