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Market News - 22 Jul 2009

Wednesday, July 22, 2009

U.S. and European Market Roundup 

·  The DJIA up 67.79 points to 8,915.94 points.

·  U.S stocks rose on Tuesday as a solid profit from Caterpillar Inc overcame some uneasiness about the company's outlook for the current quarter, but the gains were limited as some investors paused following the recent earnings-fueled run-up. 

·  European shares rose for the seventh straight session on Tuesday, reaching their highest close since early January, with mining and energy stocks in the lead while banks and mobile phone maker Nokia fell.

 Macro and Corporate New

·  Dialog Group and Vopak Asia Pte Ltd, plan to develop an independent storage terminal for oil products in Pengerang, Johor.

·  Bursa Malaysia, says it aims to attract as many as 40 new listings a year as the easing of investment rules in the country helps draw foreign investors.

 

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