U.S. and European Market Roundup
· The DJIA up 17.15 points to 9,171.61 points.
· U.S. stocks rose for a third week, completing the Dow Jones Industrial Average’s best month since 2002 as government data showed softness in consumer spending but reinforced expectations that the economic slump is abating.
· European stocks closed lower on Friday after downbeat U.S economic data, but rose for the third straight week, as investors continued to view most earnings in the current season positively, including L'Oreal. The top European shares fell 0.2% to close at 928.78 points.
Macro and Corporate New
· Proton Holdings is keen to develop long-term strategic partnerships with foreign carmakers, but essentially on matters concerning sharing of platform to produce a car. Chairman Datuk Nadzmi Mohd Salleh said Proton aspires to be in the carmaking business for the long haul.
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