1.   Australian stocks rose for a second day amid optimism the central bank may cut interest rates and after U.S. shares surged.

2.   Australian stocks rose as bond yields fell to three-year lows amid optimism the central bank may cut interest rates later this month.

3.   European bonds rose, pulled higher by bunds after weaker-than-expected German inflation reports rekindled optimism that the Bundesbank may cut interest rates.

4.   In late morning trading, however, bonds pared early gains after a fall in the dollar raised concern that overseas investors might cut their stakes in Treasury securities.

5.   The Australian dollar was little changed as recent economic figures fanned speculation that central bankers meeting today may cut interest rates.

6.   The central bank said the inflation performance was better than it expected, raising the likelihood it may cut interest rates.

7.   There is also optimism the central bank may cut benchmark interest rates.

8.   While it may cut some tight corners to do it, its computers usually are a good value.

9.   A few believed the Fed might cut rates before then.

10.   Analysts said growing concerns that the Federal Reserve might not cut interest rates again gave investors added incentive to sell.