On Monday, the Australian share market closed around four per cent higher, boosted by gains in the financial and resources sector and a rally on United States markets on Friday. Meanwhile, bargain hunters took the buying opportunity to snap cheap stocks. Energy sector was also pushed up by the higher oil price as well as the Santos takeover talks. The benchmark S&P/ASX200 index gained 141.7 points, or 4.06 per cent, to 3,631.6, while the broader All Ordinaries was up 126.6 points, or 3.69 per cent, at 3,553.8. The news a short-term rescue package for the US carmakers expected to be unveiled may strengthen the market sentiment today. Resource stocks would also gain after commodity prices advanced.

Today is going to be another tough day after Wall Street stocks tumbling in late trade overnight as investors worry governments around the world will fail to avert a global recession.

Uscom Limited (ASX:UCM)(PINK:UCMDF) today announced the release of a new study confirming that USCOM 1A improves management of septic shock in children. The research, from London's prestigious Great Ormond St Hospital for Sick Children, was published in Pediatrics, the official Journal of the American Academy of Pediatrics.

Mount Magnet South NL (ASX:MUM) is pleased to announce the completion of the Phase 1 iron ore exploration drilling campaign across the Amazon prospect.

Economists said resource shares are likely to remain under pressure, dragging the rest of the Australian share market down. The Australian dollar is likely to decline further as falling interest rates and commodity prices weigh on the currency.

Yesterday, the Australian share market ended more than 1% lower following sharp losses in the US overnight, with resources and the banks leading the decline locally.

Microequities will be holding its annual "Rising Stars" Micro Cap conference on June 12th at the Sydney Hilton. The event will continue to focus on presenting profitable growing industrial companies in Australia's fertile equity market. This year's conference brings together some exciting companies from an array of industries, including Software, Mining services, Telecommunications, Media and Packaging.

Impedimed Limited (ASX: IPD) - Company Update from US - Mr Greg Brown, CEO and MD; Impedimed Limited (ASX: IPD) present the following audio webcast regarding "IPD - Company Update from US - Mr Greg Brown, CEO and MD". You may also download this audio webcast to your computer or portable audio player.

Leading Australia-based medical diagnostics-devices company, Compumedics Limited (ASX: CMP), is pleased to announce that it is on track with its re-structure and growth trajectory. Shareholders, investors, and interested parties are invited to listen to highlights from the Boardroom Radio broadcast of the roadshow presentations that senior management recently delivered in Melbourne, then in Sydney on 19 March 2008. A clickable link is found at the end of this document for a snapshot of the Sydney presentation. The presentations focused on Compumedics' turnaround and recent results.

Leading Australian developer and manufacturer of prosthetic implants and medical devices, Advanced Surgical Design and Manufacture Limited (ASX: AMT) announces that this Thursday's episode of Catalyst (ABC TV) will feature the Limb Saving clinical trial currently being undertaken by AllVascular Pty Ltd and utilising the PAD access device developed with Advanced Surgical and exclusively manufactured by Advanced Surgical.