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Market News - 27 Aug 2009

Thursday, August 27, 2009

U.S. and European Market Roundup 

·  The DJIA up 4.23 points to 9,543.52 points.

·  Investors stayed cautious on Wednesday after a rally, leaving stocks little changed despite solid reports on new home sales and durable goods orders. 

·  European shares slipped back from a 10-month closing high on Wednesday, as investors took profits, even as German and U.S economic data continued to point to recovery.

 

Macro and Corporate New

·  Malaysia's gross domestic product contracted at a slower pace of 3.9% the second quarter compared with 6.2% in the previous quarter.

·  Genting's second quarter net profit for the period ended June 30 2009 fell 26% to RM214.5 mln from a year ago on lower contributions from almost all business segments.

 

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