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Market News - 07 Aug 2009

Friday, August 7, 2009

U.S. and European Market Roundup 

·  The DJIA down 24.71 points to 9,256.26 points.

·  U.S. stocks fell on Thursday as investors turned cautious a day ahead of a crucial government report on July employment, and took profits after recent strong gains. 

·  European equities closed higher for the 14th session in 19 on Thursday, supported by a slew of soothing earnings results and encouraging macroeconomic numbers, with financial shares leading the advance.

Macro and Corporate New

·  Malaysia Airlines (MAS) is back in the black with a record second quarter net profit of RM876 mln, helped by gains on fuel hedge contracts.

·  Rubber glovemaker Latexx Partners will complete eight more lines by year-end as its orders have stretched until three months ahead.

 

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