ANZ Capital raising
May 27th, 2009 by Lawrence Grasso
Closing Data
| current | change | % | |
|---|---|---|---|
| Dow Jones | 8473.49 | 196.17 | 2.4% |
| NASDAQ | 1750.43 | 58.42 | 3.5% |
| S P 500 | 910.33 | 23.33 | 2.6% |
| FTSE 100 | 4411.72 | 46.43 | 1.1% |
| Nikkei 225 | 9310.81 | -36.19 | -0.4% |
| SPI Futures | 3834 | 57 | 1.5% |
| All Ords | 3,782.00 | 46.3 | 1.2% |
| Oil | 62.48 | 1.97 | 3.3% |
| Gold | 953.3 | -5.6 | -0.6% |
| Silver | 14.6 | -0.095 | -0.6% |
| Aluminium | 1405 | -2 | -0.1% |
| Copper | 4538 | -48 | -1.0% |
| Lead | 1409 | -13.5 | -0.9% |
| Nickel | 12800 | 275 | 2.2% |
| Tin | 13900 | -75 | -0.5% |
| Zinc | 1460 | -7.5 | -0.5% |
The Dow Jones Industrial Average gained 196.17 points, or 2.37%, to 8473.49. The index, which had its biggest point and percentage gain since May 18, is off 6.2% from its 2009 closing high of 9035, hit on Jan. 2. Stocks climbed for the first time in five days on speculation a lifting of the gloom surrounding the worst recession in half a century may spur consumers, who account for 70 percent of the economy, to spend. Still, rising unemployment and falling real estate values underscore that it will take time to establish a sustained rebound.
Australian stocks are set to rise on Wednesday following a strong lead from Wall Street where stocks rallied 2 percent after strong consumer confidence data gave hope of an economic rebound. Look for the oil stocks today to have a nice move on the upside with the rest of the market.
ANZ
Australia & New Zealand Banking Group Ltd., the nation’s fourth-largest lender, plans to raise $2.5 billion in shares to bolster capital as it bids for Royal Bank of Scotland Plc’s Asian assets. The Melbourne-based bank will sell the shares at A$14.40 each, a 7.5 percent discount to its last traded price.
Contact your Freeman Fox Stockbroker on 07 3031 9960 or 1800 003 369 Ext 7.
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