Market News - 17 Aug 2009

U.S. and European Market Roundup

• The DJIA down 76.69 points to 9,398.19 points.
• U.S stocks fell broadly on Friday, as the major indexes snapped a four-week streak of gains after weak consumer sentiment data fueled concerns about the strength of an economic recovery.
• European shares fell on Friday, ending four weeks of gains, pressured by weak U.S consumer confidence data, which raised questions about the pace of recovery in the world's largest economy.

Macro and Corporate New

• Parkson Corp Sdn Bhd will increase its total retail space by 11% this year with the addition of four new stores. The four new openings, costing some RM18 mln to RM20 mln, will see Parkson operating 36 stores with a combined retail space of 3.7 mln sq ft.