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Equity market rally sustains....

Equity market rally sustains...Yesterday we had another firm session in Asian stock markets and a steady session on the Dow Jones continuing the rally from the back end of last week. Fed Chairman Ben Bernanke provided an upbeat assessment on the US economy commenting that a recovery could commence this year, we also had positive feelers from Barclays declaring that 2009 so far had been positive. US industrial production fell for the fourth month running in February - dropping by 1.4%. The monthly decline was slightly worse than expected and was driven lower by warmer temperatures across the US, which slowed the output of utilities. So although the rhetoric from Bernanke & co may be upbeat the data is yet to correlate…the market will focus upon the Fed rate decision tomorrow night and what else may be in store to help boost the economy. The contents of this report are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. Currencies Direct cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

 

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