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Market News - 10 Jul 2009

Friday, July 10, 2009

U.S. and European Market Roundup 

·  The DJIA up 4.76 points to 8,183.17 points.

·  U.S stocks edged higher on Thursday as investors bought beaten-down technology and commodity shares, while a positive broker comment on Goldman Sachs boosted the financial sector.

·  Elsewhere, leaders of the Group of Eight industrial nations meeting in Italy agreed that in spite of rounds of interest rate cuts and an estimated $5 trillion in public spending, it was much too early to cut off economic lifelines. 

 

Macro and Corporate New

·  Budget carrier AirAsia Bhd is expecting its courier service to generate RM30 mln revenue next year as it continues to roll out initiatives to boost ancillary income.

 

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