ALL the good news from US, thus klse going to follow suit

Stocks rallied Thursday in a broad-based advance as a strong report on economic growth in the third quarter reassured investors that the recovery is on track. The Dow Jones industrial average gained just shy of 2% (+200 pts, close 9,962.58), according to early tallies. It was the Dow's biggest one-day percentage gain since July 15, and came exactly 80 years after Wall Street's darkest day, the Crash of 1929. The S&P 500 index added 2.3% (+23 pts, close 1,066.11), its biggest one-day percentage gain since July 23. The Nasdaq composite climbed 1.8% (+38 pts, close 2,097.55), its biggest one-day percentage gain in about a month. U.S. light crude oil for December delivery recovered from Wednesday's downturn, rising US$2.41 to settle at US$79.87 a barrel on the New York Mercantile Exchange. (CNN Money)

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U.S. economy returned to growth in the 3Q after a yearlong contraction as government incentives spurred consumers to spend more on homes and cars. The world’s largest economy expanded at a 3.5% pace from July through September, figures from the Commerce Department showed in Washington. Household purchases climbed 3.4%, the most in two years. Policy makers will now focus on whether the recovery, supported by government spending and tax credits, can be sustained into 2010 and generate jobs. The record US$1.4trn budget deficit means President Barack Obama has little room for maneuver as he tries to keep unemployment from rising above 10%, while Federal Reserve policy makers wind down emergency programs in a bid to prevent a surge in inflation. (Bloomberg)

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U.S. household purchases climbed at a 3.4% pace from July through September, the strongest performance in more than two years, the Commerce Department’s report on gross domestic product showed in Washington. The gain helped drain stockpiles at a US$130.8bn rate, a decrease second only to the prior quarter’s record drop. In the first six months of the year, companies shut down assembly lines in a bid to cut inventories as sales plunged. The improvement in demand last quarter caused goods on hand at retailers, wholesalers and manufacturers to continue falling, pointing to a pickup in production that will spur growth even as consumer spending probably cools. (Bloomberg)