(As of 7:12 am PST)
Markets are higher for the second straight day on mostly
positive international news. Australia’s
central bank announced a surprise rate cut to its policy interest rate, a form
of stimulus that surprised investors and trimmed early losses in
Australia. Asian markets finished higher
with the Japanese Nikkei up 3.6%, closing at a multi-year high. Chinese markets were cautious ahead of a slew
of economic data due out tomorrow. In
Europe, markets appear strong to the upside as bank stocks are leading the way
on positive earnings reports. At home,
markets are inching higher as the Dow crossed over the 15,000 mark once
again. The US dollar is weakening and
interest rates are up. Gold is down over
1% while oil prices are trading flat.
With central bank action continuing to surprise across the globe,
investors seem set to continue bidding up this market.
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