Australian Market Report of August 30, 2010: Uranium Equities (ASX:UEQ) Secured Frome Basin Position

  Sydney, Australia, Aug 30, 2010 - (ABN Newswire) - The Australian market delivered a strong opening on Monday as investors were inspired by the US Federal Reserve Chairman Ben Bernanke's comments. Wall Street rallied on Friday after Mr. Bernanke said the central bank will do whatever it takes in to support an economic recovery. This morning the local market saw a 1.6 per cent rise in S & amp;P/ASX200 index, and the All Ordinaries gained 1.  

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