Market News - 01 Jul 2009

U.S. and European Market Roundup

• The DJIA down 82.38 points to 8,438.39 points.
• U.S stocks fell on Tuesday as an unexpected drop in consumer confidence cooled recent optimism about an economic recovery, but Wall Street still closed out its best quarter in a decade.
• European shares fell on Tuesday, led lower by banks and energy companies, after U.S consumer confidence readings proved weaker than expected.

Macro and Corporate New

• AirAsia is looking at raising about RM500 mln by placing out up to a fifth of its shares to private investors to pay off some debt, says its CEO.
• AMMB Holdings is considering plans to raise about RM400 mln in innovative Tier-1 capital, or the most liquid capital, for the commercial and Islamic bank in the next few months, a top official said.