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Market News - 29 Jul 2009

Wednesday, July 29, 2009

U.S. and European Market Roundup 

·  The DJIA down 11.79 points to 9,096.72 points.

·  The Dow and the S&P 500 dipped on Tuesday as investors shrugged off weak consumer confidence data and focused on positive earnings reports. 

·  European shares fell on Tuesday after hitting their highest close for 8-1/2 months in the previous session, as Deutsche Bank led banks lower and BP's results put pressure on energy stocks. 

Macro and Corporate New

·  Bursa Malaysia will launch in the middle of next month a global trading platform that enables banks to buy and sell commodities to facilitate Islamic finance.

·  It may become the fourth company from China to be listed on Bursa Malaysia once several corporate exercises are completed by the first quarter of next year.

 

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