U.S. and European Market Roundup
· The DJIA down 65.59 points to 8,675.28 points.
· U.S stocks tumbled on Wednesday, halting a four-day winning streak, as falling oil prices hit energy shares, while less upbeat economic reports rekindled worries about recovery prospects.
· European stocks fell on Wednesday, led by banking, energy and mining shares, as weaker-than-expected U.S economic data cast doubts about a return to growth and a recovery in corporate earnings.
Macro and Corporate New
· Perwaja Holdings made a RM50 mln loss in its first quarter of 2009, but the group is confident that sales will pick up in the second half of the year.
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