Wall Street ended the last trading session of July with a positive note on Friday. The Dow increased 0.86% for the week and 8.58% for the month thanks for the better-than-expected earnings reports. The US government reported on Friday that gross domestic product declined by 1% in the second quarter, while economists had expected that number to be around 1.5%. The result gave investors stronger confidence that the worst recession since the Great Depression is likely coming to an end.

Australian stocks surged massively yesterday following a rally on Wall Street. The benchmark S&P/ASX200 jumped 129.6 points, or 3.5 per cent, at 3867.1, while the broader All Ordinaries rose 120.8 points, or 3.2 per cent, to 3858.8 points. The gains in overseas markets are likely to continue bolstering the Australian shares as the US earnings reports released in the first week restored some market confidence.

Belgacom International Carrier Services (Belgacom ICS), a leading global provider of voice, data and value added services and eServGlobal Limited (LON:ESG)(ASX:ESV), a provider of end-to-end solutions, enabling smart communication and payment services, have successfully tested their joint service, HomeSend, and performed a first international money transfer through the mobile phone

eServGlobal Limited (LON:ESG)(ASX:ESV) a provider of end-to-end solutions, enabling smart communication and payment services for service providers on any generation network, today provides an update on several key topics.

AUDIO: Altium Limited (ASX:ALU) Emma Lo Russo joined Altium in 2004 to advance through a broad range of roles including serving as Chief Operating Officer. Emma Lo Russo currently holds the role of President & Chief Operating Officer at Altium Limited and is responsible for the management and development of the entire Altium organization.

On Friday the Australian stocks posted a strong gain with financial sector soaring 5.3%, capping the best week for the market in three months. The benchmark S&P/ASX200 index ended 3.4% higher, or 109.7 points, at 3345.2, while the broader All Ordinaries index was up 3.3%, or 104.3 points, at 3294.7. The ASX200 rose 6% for the week. But analysts say that it is too early to say the bear markets end, although the US banks delivered turnarounds.

eServGlobal Limited (LSE:ESG)(ASX:ESV) a provider of end-to-end solutions, enabling smart communication and payment services for telecom operators on any generation network, today announced that Mobinil has chosen the eServGlobal platform to launch its Missed Call Alert (MCA) service.

eServGlobal Limited (LSE:ESG)(ASX:ESV) a provider of end-to-end solutions, enabling smart communication and payment services for service providers on any generation network, today announces its results for the six months ended 31 December 2008.

eServGlobal Limited (LSE:ESG)(ASX:ESV) is a public company listed on the Australian Stock Exchange (ASX:ESV) and the London Stock Exchange (AIM)(LSE:ESG). Along with its Head Office in Sydney, Australia, the eServGlobal group has operations worldwide

The Australian market ended lower Friday. The benchmark S&P/ASX200 index was down 46.5 points, or 1.4%, at 3402.4. The broader All Ordinaries index shed 45 points, or 1.3%, to 3353. The market sentiment hit by the bearish tone from overseas is not likely to change by the upcoming half year earnings.