The market review for September, 8st

Equity futures are pointing solidly higher this morning, trading up 1% after the long weekend. This morning’s strength is a continuation of the bid seen on Friday, which followed mixed employment data, and comes on the heels of two days of gains in overseas markets. Asia and European markets traded up yesterday while U.S. markets were closed, and continued higher in today’s trading. In Europe, Cadbury rose 38% yesterday after rejecting Kraft Food’s $16.7 billion bid. Today, strength in commodities related stocks led gains, with gold rising to six month highs above the closely-watched $1000 mark and oil back near the $70 level ahead of tomorrow’s OPEC meeting, which is expected to leave oil supplies unchanged. While Europe posted more moderate gains today, Asia picked up further with China stocks rising ~2% after the official China Securities Journal reported that nine securities mutual funds, tracking China’s stock indices, are being

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