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Happy New Year - Stock markets rally - 2010/01/04 05:45 New year optimism on the financial markets, together with rising commodity prices, has nudged share indexes higher on the first day of trading of 2010.

The FTSE 100 index hit a fresh 16-month high, at 5,452 by lunchtime, while France's Cac 40 was up by more than 1%.
In Tokyo the Nikkei 225 reached a 15-month high, while in the US the Dow Jones was up 1.3% in early trading.
The continued rise in commodity prices meant mining companies were among the biggest gainers.
On the FTSE, BHP Billiton was up 2.5% by mid afternoon, while Anglo American was also up more than 2%.
Metals continued their recent rallies, with copper prices reaching a 17-month high on Monday on the back of industrial action in Chile.
Oil companies also benefitted as world oil prices broke through $80 a barrel earlier before falling back slightly.
BP and Shell both saw big rises on the FTSE, while in New York ExxonMobil and Chevron were also up in early trading.
Manufacturing boost
Positive economic data from China, Europe and the US also added to the optimistic mood.
In China, manufacturing data showed the sector growing by the biggest margin in five years, while UK manufacturing saw the fastest pace of growth in two years.
That picture was echoed in the US, where data from the Institute for Supply Management showed that the manufacturing sector grew for the fifth straight month in December, and at the fastest pace for more than three years. from the BBC

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May 2010 Report: Preliminary evidence suggests that the domestic market continued to stabilise in May, aided by the ongoing, though still fragile, recovery in the global economy. Tourism output showed an improving trend, buoyed by gains in the key stopover segment of the market, while public sector projects provided some support for construction activity, which continued to be weighed down by sustained weakness in private sector investments.

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