U.S. and European Market Roundup
· The DJIA up 185.16 points to 8,331.68 points.
· U.S stocks rallied, sending the Standard & Poor’s 500 Index to its best gain in six weeks, while The Dow Jones jumped 185 points in relatively thin trading volume, as analyst Meredith Whitney recommended buying shares of Goldman Sachs Group Inc. and said banks may advance 15%.
· European shares rallied on Monday, recouping some of last week's steep losses, as banks tracked advances in U.S financials while oil stocks were also in demand despite weak crude prices.
Macro and Corporate New
· Comintel Corp has won a RM15.56 mln contract from Technology Park Malaysia Corp Sdn Bhd to upgrade information communication technology (ICT) infrastructure at Technology Park Malaysia.
· Financial services group K&N Kenanga Holdings is selling its stake in a Dubai-based advisory as it does not expect contributions in the near future, says its top official.
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