The Dow gained nearly 500 points in Wall Street’s biggest single-day rally since August.
Australia shares jumped higher after global markets posted gains on news that the coalition of the central bank will launch a coordinated action to combat the eurozone debt crisis.
10: 58 am: industrial services company Spotless Group has received increased takeover bid of the private equity group of Pacific equity partners (PEP).
The revised bid included an indication of the price of $ 2.68 per share, net to the previous offer of $ 2.63-per share. The new value of the bid about $ 711 million Spotless, up from the previous offer of $ 698 million. Its shares last traded at $ 2.29.
10: 39 am: according to one analyst, today the sharemarket bounce is considered a “meeting of minds”.