U.S. and European Market Roundup
· The DJIA up 83.74 points to 1,160.66 points.
· U.S stocks rose on Thursday as solid corporate profit reports and a drop in the number of Americans on jobless benefits gave investors reasons to buy equities following the S&P 500's two days of losses.
· European equities hit their highest closing level in nearly nine months on Thursday and ended firmer for the 12th out of 14 sessions, as encouraging earnings results and soothing economic data boosted investor morale.
Macro and Corporate New
· Multi Sports Holdings Ltd, one of the top five sports shoe sole specialist maker based in Jinjiang, Fujian (China), expects to raise RM48.9 mln from its initial public offer en route to a Bursa Malaysia listing next month.
· Intergrated offshore crane services provider Handal Resources is looking to expand into Thailand and Indonesia, its Executive Chairman, Datuk Mohsin Abdul Halim. Even in Malaysia, the company only operates fully in Terengganu and has yet to expand to other areas.
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