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Market Report 12 April 2010

Market Indices

The U.S S&P 500 Index, a bellwether for western markets, rose for a sixth week on faster than expected jobs growth and retail sale data. The U.S was not alone in the recent rally as European stocks have experienced similar fortunes. In other unexpected news China posted its first trade deficit in six years of 7.24 billion, with imports surging 66%.


The UK’s FTSE All Share opened the week at 2949.34, closing up 0.4% at 2961.63.

In the U.S, the Dow opened the week at 10927.45, closing at 10997.35, up 0.6%.

The Nikkei opened the week at 11380.63, closing on Friday at 11198, down -1.6%.

Hong Kong’s Hang Seng opened the week at 21828.35, closing up 1.7% at 22208.50.

The Week Ahead

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THIS DATA IS PROVIDED BY SHERIDAN ADMANS, INVESTMENT ADVISER AT THE SHARE CENTRE. THIS IS NOT INTENDED TO CONSTITUTE AN OFFER OR AGREEMENT TO BUY OR SELL INVESTMENTS.
 

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2010-04-14 10:53:15 © Moneyextra.com