Earlier in the week, the Institute for Supply Management (ISM) survey exceeded even the most bullish expectations by rebounding to 57.1, the highest reading in 11 months.
Brokerage company stocks have been rising on a combination of that takeover speculation and expectations of a rebound in the markets.
"Unlike last year, when there were expectations of a rebound, the general thinking is we're likely to be under pressure for a while," one longtime banker at Bank of America Merrill Lynch says.
Treasury Prices Rise Treasury bond prices rose yesterday on expectations an economic rebound will persuade the Federal Reserve to end a series of interest-rate reductions after a quarter-point cut in August.
[C4.] Carrefour Expects Global Rebound The retailer Carrefour plans to invest $2.7 billion next year to open new stores, refurbish others and expand in Asia and Europe in expectation of a global economic rebound.
"He's done everything and exceeded all expectations, from his rebounding to his defense to his leadership skills".
Since that point – when it became clear the dire warnings that the carbon pricing mechanism, or "tax", would deliver darkness and destruction didn't eventuate – expectations have been rebounding.
"The Tokyo market rose in the morning on expectation of a rebound.
Most stock projections for this year have been driven by expectations of a strong rebound in earnings.
Crude-oil futures continued higher, rising $1.35 to $72.68 a barrel in New York, on expectations that consumption will rebound.
