Bulls Back in the Ring
World markets surged again overnight, with local trade set to follow suit this morning. The domestic All Ordinaries index climbed 1.1% yesterday and index futures are pointing to similar gains today.
Overnight European shares rose to eight month highs spurred on by positive economic data and the decision top finally ratify the Greek bailout package. In the US growing retail sales set the positive tone, while an announcement by JP Morgan to lift its dividend and undertake a $15 billion share buy-back sent financial shares soaring.
Earlier in Europe ratings agency Fitch lifted Greece’s credit rating out of default to B-, while the German investor sentiment index shot up to its best reading since June 2010.
It could prove to be a big week on the market with wet blankets seemingly shelved for the moment.
News of the World Saga Continues
Former News of the World editor Rebekah Brooks and her husband were arrested in dawn raids yesterday on suspicion of conspiring to pervert the course of justice.
The very serious allegations have been levelled at Brooks and five others associated with the phone tapping scandal, all of whom were arrested in raids overnight.
The company had previously claimed the phone tapping was limited to “one rogue reporter” from the paper, but it has since been revealed in court documents that Mrs Brooks’s personal assistant Cheryl Carter had been asked to intercept voice
mails 2,226 times over five years.
Woolly Mammoth to Walk Again
Russian and South Korean scientists signed a deal yesterday to collaborate in recreating a woolly mammoth. The stem cell scientists have been able to access remains of the animal since global warming thawed Siberia’s permafrost. The plan is to use an elephant’s womb for delivery.
Controversial cloning pioneer Hwang Woo-Suk said of the project “This will be a really tough job, but we believe it is possible because our institute is good at cloning animals.”
South Korean experts have previously cloned a cow, a cat, dogs, a pig, a wolf and coyotes.
The Price is Right Again
In exciting news for Larry Emdur fans, the great man is rumoured to be ready to “come on down!” again in Channel Seven’s revamped version of The Price is Right.
"I think Laz has a bit on his plate at the moment but he does have a particular fondness for the razzle dazzle of the game show genre," Deal Or No Deal host Andrew O'Keefe hinted.
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