Author: james Carter
Comments flood in on Medibank Private and US Indices start to show their hand
The ASX 200 rallied, closing 61 points higher at 5,386, following the lead from global markets overnight.
Medibank Private is offered between $1.55 and $2, this means what?
The ASX 200 closed marginally higher, up 6 points to 5,325 after trading as high as 5345 earlier today.
**Transfield (TSE) receives Takeover Bid from Ferrovial at A$1.95/Share**
The ASX 200 followed the global markets rally from last Friday, closing 48 points higher at 5319.
The banks look very attractive for the next 4 weeks with dividends looming
The ASX 200 continued it’s rally today, up 54 points intraday, only to close closing 17 points higher at 5272, making it up 1.6% for the week.
The US washout approaches completion as the Dow plunges over 450 points but then recovers over 1/2 of the losses.
As expected, it was a choppy and volatile session, with the ASX 200 closing on near its highs, up 9 points at 5255 with a range of 96 points.
Really bullish, there's more to go in the reflation rally
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