U.S. and European Market Roundup
· The DJIA up 120.16 points to 9,361.61 points.
· U.S stocks powered higher on Wednesday as the Federal Reserve said it saw signs of a more stable economy. Stocks had been on track to close at their highest level in 10 months, led by technology and financials, but shares lost steam in the last half hour of trading.
· European shares ended higher on Wednesday after slipping in the past two days, with impressive results from E.ON boosting utilities and banks up ahead of Federal Reserve statements on the state of the U.S. economy.
Macro and Corporate New
· Bumiputra-Commerce Holdings raised this year's return-on-equity (ROE) target to between 14 and 15 per cent, after reporting a higher second quarter profit.
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