Feb 7, 2014

Morning Market Report

Markets rebound, despite confusion over Virgin Australia's share price and profits.

The market is up 30 points.

Rebound in the Dow overnight — A lot of excuses for the rally but really just a herd thing. The ECB made no change to asset purchase targets and left interest rates unchanged at 0.25%. He said risks to the downside remained and turmoil in emerging markets could hinder the economic recovery. He said inflation would remain low for a long time but most importantly he didn’t see deflation as a problem.

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